Gold Miners Justify Surging Shares as Better Results Roll In
- Gold stocks have more than doubled this year as bullion gained
- Acacia could beat output target; AngloGold returns to profit
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Gold miners seem to be justifying their barnstorming performance this year.
Bullion producers are among the best-performing equities, with the BI Global Senior Gold Valuation Peers index more than doubling in 2016 as the metal rallied to a two-year high. They’ve also benefited from a lot of self help, as payback from years of cost-cutting and improving operations start to materialize.