Deals
There’s a Golden Shelter From Recession Risks With These Miners
- Some mid-sized producers outshining metal as haven: Van Eck
- Bullion companies also likely to win a boost from surge in M&A
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There’s a better potential haven than gold for investors spooked by the risk of a recession this year -- mid-sized producers who’ve outperformed both bullion and the rest of the mining industry.
Companies including Canada’s Kirkland Lake Gold Ltd. and Australia’s Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe Foster, New York-based portfolio manager for the $600 million Van Eck International Investors Gold Fund.