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Mining Companies Try to Meet Rising Demand for Gold

Jason S
Jul 21, 2020
Mining companies to try and meet rising demand for gold

Ontario’s Harte Gold announced a phased restart of mining from July 17 — fresh funding in hand after Covid liquidity troubles, full workforce recalled, fully operational by month’s end.

Demand up, supply thin

Pandemic demand for precious metals kept growing while supply lagged. Harte’s $30 million restart bet aims squarely at that gap — new safety regulations and all.

What it means for you

Two things. It’s a good economic sign: businesses restarting, workers recalled, safety measures managed. And more supply eventually weighs on prices — as more mines come back online, the price pressure points down. If you’ve been wondering when to sell, the honest answer was: sooner beats later.

Supply-watcher’s note: mine restarts take months to move markets — but they mark the turn. Peak scarcity is usually behind you by the time reopening makes headlines.

Selling ahead of returning supply? Get a live-market offer today.

Jason S

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