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Top-Performing Gold Miner Says Bull Run Intact as Fed Hands Tied

  • Lima-based Buenaventura targets new projects in 2017, CFO says
  • Environmental restrictions seen boosting long-term prospects
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What Happened to Gold Market Volatility?

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The world’s best-performing major gold miner has some soothing words for investors battered by hawkish Federal Reserve comments: the metal bull run is intact.

Bullion prices are supported on the physical side by environmental and social restrictions to supply and strong demand led by India and China, and on the financial side by the U.S.’s limited scope to increase interest rates, according to Cia. de Minas Buenaventura SA. The New York-listed shares in Latin America’s biggest home-grown gold miner have tripled this year, outperforming all members of an index of large producers in the same span.