Gold is the main driver of mining sentiment

Gold is the main driver of mining sentiment

There was a very clear message at Diggers and Dealers this year. The return of the bull market in gold is the strongest driving force in Australia's mining sector at present. There were 43 presenters at the conference and 29 of them were gold companies.
... and that explains what is happening in Kalgoorlie as we see the beginnings of a revival in the gold industry not seen since the 1980s. It doesn't need the gold price to jump to new highs. Being at or around these levels is enough to underwrite the profitability.