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
Gold prices, which had tumbled from record highs over the past week, reversed course and rose roughly 3% today, the biggest percentage jump since October 2023.
Spot gold was up 3.4% at $3,085.50/ounce. At $88.10 a troy ounce, gold futures' daily gain was the precious metal's largest in dollar terms since March 24, 2020, when markets were being convulsed by Covid lockdown orders and investors were fleeing into the haven asset.
Today's move came amid a bond market rout overnight and in the morning, followed by a historic surge in stock prices in the afternoon after President Trump’s reversal authorizing a 90-day pause on new tariffs for many countries—except for China which got hit with a 125% rate, effective immediately.
Silver gained 3.1% to $30.80/oz., Platinum slipped 1.2% to $931.87, and Palladium was up 1.9% at $923.75
U.S.-listed shares of South African miners: Gold Fields 
GFI up 7.5%, AngloGold Ashanti 
AU rises 8.9%, Harmony Gold 
HAR jumps 13.8% and Sibanye Stillwater SW.N> soars nearly 19%
Shares of Canadian miners: Kinross Gold 
K and Agnico Eagle Mines 
AEM up 7.6% and 4.5%, respectively.
According to LSEG Lipper data, funds investing in physical gold and gold derivatives attracted a net $17.8 billion in 2024, the highest in five years, while funds investing in gold miners lost a net $4.6 billion, the most in a decade.
Gold mining Funds saw their first net monthly inflow in six months in March, attracting $555.3 million, the highest since November 2023, according to Lipper data.
The Gold ETF's have seen continued interest all around the world:
Global Inflows: Gold ETFs have seen significant inflows in 2025, with a total of
Nice day for the larger miners -- large cap no longer applies to these minnows... the biggest, $NEM & $AEM @ ±USD50BN each, are still worth less than what the mag 7 lose in a day... pic.twitter.com/1v3bDAVNfg
— MasterMetals (@MasterMetals) February 6, 2025
____________________________________________________Break out spreading out among the Gold producers—even $SSRM. Can’t really say the same for $BTG… $AAUC.TO $AEM $LUG.TO $FVI.TO $FSM $EQX $MKO.V $CXB.TO $GMIN.TO $SKE.TO pic.twitter.com/M9ZMsbLdEn
— MasterMetals (@MasterMetals) February 5, 2025
Some of us remember a time when Platinum traded at a premium to Gold.
Since 2008, the premium turned to a discount—and it has never recovered…
Gold has doubled since then, while platinum is now down 30%…
Will Platinum ever shine again?
Assets stood at C$824.75 Million, the majority consisting of property, plant & equipment of C$442.6 million and inventory (on the pad?!) of C$224.7 million. Cash, just C$24 Million.
Debts stand at at least C$300 million owed to 424 creditors.
89 Yukon-based companies are owed just under $42 million, representing 50.7% of the total unsecured debt.
GOLD
NEM
ABX
XAGUSD1!
PL1!
