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Which gold mining stock had the best performance this week?

Inflation, inflation, inflation, there is only a hotly debated topic at the moment. After the publication of the CPI figures, which rose last month to 6.2% YoY, the fear is slowly spreading even among the great thinkers of the nation. However, one is not yet quite unanimous on how to evaluate the whole thing.

In the ECB, one is sure to first maintain the high inflation, which is of course at the expense of citizens in the EU area.

In the U.S. they have started the first attempt of taperings but left the interest rates unaffected low. Inflation has long since arrived in the population. Everyone who goes to the supermarket or the gas station gets inflation with full speed in the face. The fact that inflation has only now arrived at the big thinkers is probably due to the fact that none of them have to buy or fill up their own gas.

However, the big thinkers were now able to agree on something at the COP26 meetings. The necessary capital and those affected by it are of course again the ordinary population. The fact is however that no great achievement or invention ever went out from policymakers. Thus one should not hope much from the words of the thinkers.

With rising inflation, the so-called safe-haven assets are in demand again. The U.S. dollar could increase just like gold and silver. Surprisingly, Bitcoin had to cope with a strong blow after the inflation figures and has staggered in the direction of the $60,000 mark but could recover at the moment. Gold rose at the end of the week above the $1,860 mark and closed at $1,866.10 per ounce. With the gold rise, the shares of gold producers could also increase this week again neatly. Who would like to participate in the gold market with leverage can do this with shares of gold producers. The shares have at the beginning of the year a real sell-off had to accept are at the moment but again on the rise. How did the stocks perform this week?

Gold Mining Stock Performance

Period: 08.11.2021-12.11.2021

Top Performer:

Gold Fields Limited (NYSE: GFI): Gold Fields Limited is a South African company based in Johannesburg. The company has nine mines in operation. They are located in Australia, Peru, South Africa, West Africa (including the Asanko joint venture), and Chile’s project.1

SSR Mining Inc. (NASDAQ: SSRM): SSR Mining Inc. is a leading free cash flow gold-focused company with four operating facilities in the U.S., Turkey, Canada, and Argentina.2

Kinross Gold Corp. (NYSE: KGC): Kinross Gold Corp. is a Canadian gold producer based in Toronto, Canada. The senior gold producer operates globally with mines in the U.S., Brazil, Chile, Ghana, Mauritania, and Russia.3

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