South Africa’s Public Investment Corp., the continent’s largest money manager, sees big investment opportunities in West Africa to drive the next gold mining boom. Mining research analyst Lebohang Sekhokoane says “when you look at the gold sector in West Africa, that’s where the sun is rising.” The firm highlights Ghana, where AngloGold Ashanti and Gold Fields are shifting more production to and away from South Africa. Cardinal Resources also has its 5.1 million ounce shovel-ready reserve in Ghana and could be a takeover target.
CDV Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
