The gold sector as a whole has experienced a tough year after getting way too optimistic in mid-2020. We hold reasonable exposure to precious metals but the short-term picture looks average as the headwind of a rising $US pressures the sector. For the patient and aggressive investor I feel accumulating SBM into current weakness will bear fruit over the coming 6-12 months.
St Barbara (SBM) is a gold exploration and production company. The Company's exploration projects include its Southern Cross and Leonora Operations which are located in Western Australia, as well as a mine in PNG.