The Global Airline Shutdown Has a Surprise Victim: Gold Miners

(Bloomberg) — The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to refineries.Producers typically rely on regular airline services to ferry mined metal — called dore — from remote operations to the specialist plants that separate out the precious metals and craft them into bars or coins.That’s becoming more difficult with a large swathe of global aircraft grounded, including about two-thirds of the passenger jet fleet, according to Cirium, an airline industry data provider.“Where we’ve had to be doing more work is getting dore — the metal …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.