Business
Why is the Geopacific (ASX:GPR) share price surging 13% today?
The Geopacific Resources Ltd (ASX: GPR) share price is surging higher today as a weak US dollar leads to strong gold prices for the Australian miner.
The Geopacific share price is up 13.2% to 39 cents per share today.
Geopacific’s focus is mineral development and exploration, focusing on gold and copper deposits in Papua New Guinea and Cambodia.
Geopacific’s Papua New Guinea gold mining
The key to Geopacific share price increases is its ability to advance its Woodlark Gold Project in Papua New Guinea.
Last month, it ordered a variety of mining equipment, including ball grinding mills, foundation bolts, heat exchanger plates, condition monitoring systems and special tools, to keep the mine operating.
Geopacific is attempting…
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