Canadian miner GOLD has underperformed NEM this year, which is frustrating, but it remains well-placed as we head towards 2025. In August, GOLD disappointed the market when they reported lower than expected which had a negative impact on costs – total preliminary output of 940,000 ounces of gold in the three months ended March 31, was below the 984,000 ounces expected, plus Barrick expects all-in-sustaining costs (AISC) to be about 7-9% higher than the previous quarter. We are considering whether NEM offers better risk/reward moving forward.
- We are looking for GOLD to make fresh highs for 2024 into Christmas – we are long Barrick Gold Corp (GOLD US) in our International Companies Portfolio.
MM is long and bullish towards Barrick Gold
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