As we discussed earlier, the sell-off in EVN is overdone. Still, from a strategic position, it may continue to underperform NST while copper struggles – the copper price is essentially a China play into 2024. At MM, we are committed to remaining overweight gold through 2024, but the best vehicle (s) to adopt for this strategic decision may sometimes change.
- In our Active Growth Portfolio, we currently hold 5% in NST and 3% in EVN; this may be tweaked moving forward.
MM is considering switching some of our NST into EVN
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Evolution Mining (EVN) v Northern Star Resources (NST)
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Evolution Mining (EVN) v Northern Star Resources (NST)
