April 29, 2021
With record margins and healthy cash flow in 2020, the mining sector is in position for a strong Q1 earnings season, says Douglas Groh, co-manager of Sprott’s Gold Equity Fund.
“It’s the best market I have ever seen for the mining sector,” he said in an interview with Kitco News. “Companies are in great shape and are in a strong position to give back to shareholders.”
Gold prices had tumbled 10% in the first quarter, but the sector remains strong, as most miners have clean balance sheets and less debt, allowing them to thrive in a lower price environment.
Gold bug John Hathaway finally sees light at the end of the tunnel
citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Goldbug John Hathaway finally sees light at the end of the tunnel
citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.