A Record Gold Price Offers Miners a Shot at Investor Redemption
Falling interest rates and a bullion price of more than $2,600 an ounce can add up to more than just extra revenue.
Trucks carrying ore at the Fimiston Open Pit gold mine operated by Kalgoorlie Consolidated Gold Mines Ltd. in Western Australia.
Photographer: Carla Gottgens/BloombergWelcome to our guide to the energy and commodities powering the global economy. Today, mining reporter Jacob Lorinc looks at what shinier gold prices might do for bullion miners. The Zero podcast discusses why US Vice President Kamala Harris isn’t talking about climate change in her presidential campaign. To get this newsletter sent straight to your inbox, sign up here.
For gold miners, falling interest rates and rising prices are about more than a revenue boost. They’re a welcome second chance with investors.