Gold manufacturers reluctant to invest even though the price of gold rises

Dhaka kinro higher gold price increases in 2016 could give hope to the mining industry, which is affected after a four-year period, the gold producer in Africa still can not say when this tough to the end.

Gold prices rose 15 percent for the first time in three months in 2016 and was the highest quarterly growth Over nearly 30 years, has increased the company's stock price gold producer attract new investment and create opportunities to stimulate the country's economy rich gold mine.

Experts said that the recovery of gold prices could spur the development of a gold mine that have not yet large mined lower after the price of gold since 2012 has affected the gold mining and projects can get a profit.

Only gold producer focused investment in Africa is not yet ready to make a decision to invest in yet due to the rise in gold in the short term. In recent years, the price of gold price increase and fall back quickly obvious recent rally in gold recently has stagnated over the last few weeks, after high growth in early.

Besides some industry experts said the proposed bid to buy gold producer recently another indicator for the recovery of the sector.

Amara Mining Plc, which is a gold exploration project in the Ivory Coast and Sierra Leone, will be sold at auction for $ 85 million by Perseus Mining Limited of Australia.

Endeavour Mining Corp. of Canada, which has a gold mine in Ivory Coast, Mali and Ghana are running acquisitions TrueGold, a mining company which is based in West Africa.

Gold prices dropped from more than $ 1,900 per ounce in 2011 to nearly $ 1,000 by year-end . Mining companies can get a profit of $ 1,500, suddenly became the immediate loss. The mining was halted mining company's stock price also fell.

Output remains high, mainly because the production company's existing mining. However, if no major new mining output may fall in coming years .

Current gold prices above $ 1,200 an ounce.