Hi Nick,
The gold sector has been bullish, fascinating and frustrating in 2024, if you had told me gold would have cracked $US2700 & $A4000 before the end of October I would have called the gold miners much higher, but at least they have surged well off their lows. If they cant make good money now it’s a worry.
We’ve gone out on a limb here for you and ranked the ones you’ve mentioned in order of preference but we do remain keen on Evolution (EVN) and Vault (VAU) which we hold in our Active Growth and Emerging Companies Portfolios respectively:
- VAU, RMS, WGX, RRL, and DEG.
We wouldn’t be surprised to see ongoing M&A activity in the space and the topic was much discussed at Augusts “Diggers & Dealers Conference” with the mid-tier names you’ve mentioned ripe for consolidation, e.g. Gold Road Resources (GOR) and Regis (RRL) are often rumoured to be in talks, and the list goes on with GOR owning a 17.3% stake in DEG…a couple would arguably fit well into a portfolio.