Gold Miners' Q3 2020 Fundamentals

Gold Miners’ Q3 2020 Fundamentals


The major gold miners reported outstanding Q3 results. Their collective gold production not only rebounded sharply from Q2’s lockdowns, but even grew from the comparable prior-year quarter.

That was better performance than global gold miners as a whole. Yet production costs did rise on ongoing COVID-19 mitigation measures and lower ore grades, eroding some potential earnings growth.

But with record-high average gold prices, the major gold miners’ profits still rocketed higher in both unit and bottom-line terms. Their collective earnings from normal operations have never been stronger.The major gold miners’ stocks have been grinding lower on balance for a few months now in a healthy correction. This necessary rebalancing is achieving its mission of dampening enthusiasm, paving the way for this contrarian sector’s next bullish push. Rebounding from governments’ COVID-19 lockdowns, the gold miners reported strong operating and financial results last quarter that fully justify more bull-market gains.The leading and dominant […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet