These totalled $719 million in February, which in turn pulled AUMs to $89.1 billion. Physical holdings backpedalled to 1,353 tonnes, down 15 tonnes month on month.

Obuasi, an underground mining operation to a depth of 1,500m, is situated in the Ashanti region of Ghana, around 60km south of Kumasi. AUMS has been operating at the Obuasi mine since February 2019.

Funds in Europe, however, recorded inflows of $337 million that took total AUMs to $108 billion. That’s even though physical holdings dropped fractionally to 1,288 tonnes.

An African Underground Mining Services (AUMS) employee died on Monday at the Mana mine in Burkina Faso. AUMS, a subsidiary of ASX-listed Perenti, is the underground mining contractor for Endeavour ...