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Commodities: an increase of more than 300% recorded for SEM gold stocks

05/05/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The Equatorial Mining Society (SEM) recorded an increase of more than 300%. An increase that could be justified by the desire of the Government of Gabon not to market the gold produced by the SMI in 2021 with a view to creating a strategic metal reserve

.

The value of SMI's gold stocks was around 7 billion FCFA ($11.7 million) in 2021 compared to 1.7 billion FCFA in 2020, a variation of 311% according to the company's financial statements, contained in the latest ITIE report (Initiative for Transparency in Extractive Industries). é According to the 2021 EITI report, “the SEM did ' not [effect], Editor's note: é ] of gold sales ' in 2021, all at é stock é , with a view to é Gabonese state to create an R é Strategic serve é of ' or

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