The gold miners’ stocks have powered higher lately, enjoying mounting upleg gains. Their nice surge paralleled gold’s own, but they’ve increasingly outperformed in recent weeks.
“The integration of our Nevada assets continues Calibre’s journey of creating shareholder value as the Company solidifies its position as a diversified, Americas focused, growing, mid-tier gold producer."
The biggest factor that will benefit FSM’s stock price going forward, and which the market fails to “see” is the upside potential of FSM’s existing mine properties and, even more so..
The mid-tier and junior gold stocks still have lots of catch-up rallying left to do, both to reflect their superior fundamentals and this mounting gold upleg.
Gold prices nearly tripled and more than quadrupled during the last inflation super-spikes in the 1970s, launching gold miners’ earnings and stock prices stratospheric. A similar fundamental windfall should play out in this inflation.
