… +21% gains on the month - decent start at a recovery, but we’ve seen this in the past where they squeeze and as soon as there’s any pullback in metals there goes the gains. Realistically, with POG where it’s currently at, this should be trading at double their ath imo
…sad to see such a stellar company not reaping the benefits of higher gold prices. Cutting dividends by 50% is a huge shake to investors. They do plan on buying back 5% of outstanding shares though, so there’s that.
..majority of juniors have yet to realize any significant gains, if any, while gold soars to new chart highs. Not only have their share prices declined, when adjusted for inflation it’s even more painful than it seems. Better off to have been investing in physical than risking it on miners
BTO