Gold Miners Set for Another Banner Year With Focus on Discipline
- Analysts tout mining stocks with strong capital allocation
- Stimulus, low rates and weaker dollar to lift gold in 2021
With the outbreak of the coronavirus, the price of gold hit a record in 2020.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
The good times for gold miners are expected to continue next year, especially for those that are able to tighten spending and increase returns to investors.
The rally in gold prices has helped miners expand their margins and generate record levels of free cash flow, allowing many to pass on profits to shareholders already, Scotiabank analyst Tanya Jakusconek said.