Why gold stocks could be a contrarian investor’s dream right now
Despite the bull run, gold stocks—those companies that mine, process and sell the metal—are trading at historically low valuations relative to the market.
Latest Stories
Harmony Gold says profit soared 78% on higher output and prices
Harmony said separately last week that production exceeded guidance last year, growing by 6%.
Teck announces new business structure, leadership team post coal exit
The new company structure will revolve around two regional business units, North America and Latin America.
Vedanta to pay $932 million in dividend to help parent cut debt
Vedanta Resources has reduced its dues by $4.5 billion in the last two years.
Iron ore price tumbles back below $100 as China property woes deepen
The steel-making material rose almost 10% over the past two weeks on tentative signs that the worst of China’s summer steel rout might be over.
Sibanye flags loss after $420 million US asset writedown
The company said in the half year it saw a 30% decline in the average dollar price for its US metal.
China’s bulging commodity stockpiles show depth of economic woes
The government’s growth target for the year looks increasingly out of reach, an unwelcome development for the drillers and miners.
Investigation of Eagle gold mine incident underway, says Yukon gov’t
The investigation will be led by three-person independent review board appointed by the Yukon government.
Navoi Mining gets $150 million loan from Japan’s largest bank
The proceeds will be directed towards NMMC’s ongoing investment program.
