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Gold Set a Low Bar in 2022

As the Mining Sector Gears Up, Expect Healthy Margins

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.

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