Gold has been on a tear recently, experiencing their first sustained price recovery in years, climbing up 13 percent this year, and seven percent in February alone.

The projected hike in gold comes about due to a curious intersection of factors coming together, with the prices of precious metals rallying coinciding with increased demand from a populous ravaged by market turmoil.

The effects of strengthening gold is already beginning to be felt, with Tahoe Resources acquiring Lake Shore Gold in a US$680 million deal. While gold firms are expected to continue consolidation and divestment in their near future plans, the rise of gold is definitely promising news for miners in the long term.