Could this year be the year for Australian-listed gold miners to shine after they took a bloody beating that left them a shadow of their former selves
Vantage Point Partners
Could this year be the year for Australian-listed gold miners to shine after they took a bloody beating that left them a shadow of their former selves? Many of our precious metal producers have started to outperform strongly in the past two months and this is probably only the tip of the iceberg. Australia's largest gold miner Newcrest Mining (NCM) is up by a third, while smaller peers like Regis Resources (RRL) and Doray Minerals (DRM) are up by over 50% since early November. Ramelius Resources (RMS) is the latest to give the market something to cheer about with the stock surging 25% to a six-month high of 7.6 cents in lunch time trade on better than expected gold production at its Mt Magnet operation and management's promise of lower costs. The turn in investor sentiment towards the sector is a refreshing change, but there's plenty of room left for gold stocks to climb before the sector starts to look fully priced for a number of reasons and miners with Australian operations are best placed to beat the market. Gold Click here for more (VIEW LINK)
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I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
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I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
Expertise
No areas of expertise