Gold miners report record earnings, undervalued mid-tiers offer growth potential, IAMGOLD expects impressive growth

From Investing.com: 2024-08-23 15:49:00

Gold miners have reported record-breaking earnings thanks to high gold prices and lower mining costs. Mid-tier and junior miners are undervalued compared to prevailing gold prices, offering significant potential for growth. GDXJ remains the second-largest gold-stock ETF, dominated by mid-tier companies. Mid-tiers offer a unique mix of production, growth potential, and smaller market capitalizations ideal for outsized gains, making them better investments than juniors. Tracking the 25 largest stocks in GDXJ is essential for understanding the sector’s fundamentals and analyzing operational and financial results. IAMGOLD stood out with a 55.1% increase in production, projecting impressive growth and profitability.



Read more at Investing.com: Gold Mid-Tiers’ Q2’24 Fundamentals | Investing.com