The largest gold miners (+2 Million oz./yr.) have been having a stellar year as Gold rallies to new highs.
As usual, the most levered companies, $AU & $GFI, have been the out-performers.
Barrick $GOLD still underperforming
the other large miners, with $NEM barely beating the $GDX…
Even with increased AISC for 2025, the gold miners should be printing money this year—The year's average closing price so far is $2,890/oz,5. Oil’s weakness this quarter should give them an added boost.
https://www.tradingview.com/x/Df8vJJ0P/
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
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