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
April 14, 2025
April 9, 2025
Gold Just Had Its Best Day Since 2023
Market Updates
GOLD
NEM
ABX
XAGUSD1!
PL1!
News
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.
March 31, 2025
Niche “Strategic” Minerals Surging in Price as Defense Spending Booms & Shortages Loom
Hafnium —which you’ve probably never heard of— went up 7X in 16 months!
Antimony’s price has jumped ~+375% since start of 2024
Rhenium, ~+100% YOY
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