Another week in which the gold price showed light and shadow. Towards the middle of the week, the price of gold increases neatly and was able to climb to the $ 1800 mark, before he had to let feathers at the end of the week again and fell back to $ 1,768.20. In the end, however, a small weekly plus of 0.6% stood on the account. Strong U.S. economic data initially bounced the yellow precious metal off the $1800 mark when U.S. retail sales were better than expected. Also, the U.S. 10-year Treasury note jumped back to 1.57% which puts further pressure on the gold price.
Shares of gold producers were able to climb up this week, which has been due for a long time. Investors who want to participate in the gold market with leverage can do so with shares of gold producers. Gold producers are extremely healthy at a gold price above $1700 and can generate a lot of cash flow. It is therefore encouraging that in the recent past there has been a real sell-off in the industry, which is why most shares were relatively cheap to get.
So how was the performance of the stocks in our watchlist:
Gold Mining Stock Performance
Top 3 Performer:
K92 Mining Inc. (TSX: KNT): K92 Mining Inc. is a gold producer headquartered in Vancouver Canada. The company operates a gold mine in Papua New Guinea.1
Alamos Gold Inc. (NYSE: AGI): Alamos Gold is a Canadian gold producer and operates gold mines in Canada and Mexico. In addition, the company has projects in development status in Canada, U.S., Mexico and Turkey.2
B2Gold Corp. (NYSE: BTG): B2Gold is a Canadian gold producer headquartered in Vancouver. The company was founded in 2007 and currently operates 3 gold mines. The expected production volume is 970,000 – 1,030,000 gold ounces.3
Article Source:
- https://k92mining.com/about/
- https://www.alamosgold.com/about/default.aspx
- https://www.b2gold.com/corporate/about/
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