Some experts see the stars aligning for gold miners.
“In a recent interview with Kitco News, Douglas Groh, co-portfolio manager of the Sprott Gold Equity Fund, said that after all the excitement in 2020, miners saw record margins and unprecedented cash flow. Groh added that he is not expecting to see any significant fireworks for the first quarter of 2021,” reports Neil Christensen for Kitco News.
SGDM remains catalyst-rich, owing to rising inflation and miners’ dwindling costs, among other relevant factors likely to linger through the end of this year, if not beyond.
“2020 proved to be a wild ride for miners that had to navigate mine closures due to the COVID-19 pandemic and then ramp up production to capture all-time high gold prices. Groh said that many companies would take the first quarter to get back into their production rhythm,” according to Kitco.