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Investment company Starvest posted a large rise in annual profit after the value of its portfolio jumped following a decision to target gold producers.
Pre-tax profit for the year through September increased to £15.7 million, up from £0.4 million year--on-year.
Greatland Gold, by far the company's largest investment, remained one of its best-performers for a third consecutive year due to its Havieron gold-copper discovery in Australia.
Gold miners have been buoyed by a rise in the price of the precious metal during the pandemic because it is seen as an investment safe haven.
At 9:38am: (LON:SVE) Starvest PLC share price was 0p at 16.75p