How gold mining stocks will beat the bullion according to Yamana’s Peter Marrone

Although gold equities have seen a substantial rally this year, with the VanEck Vectors Gold Miners ETF (GDX), up 45% year to date, the sector as a whole is still undervalued, according to Peter Marrone, executive chairman of Yamana Gold.
“I think that this is the time to be invested in equities, more than the time to be invested in the metal itself. Admittedly, there’s more operational issue that one needs to be sensitive to when investing in equities but my view torque really is with equities now rather than with the metal itself,” Marrone told Kitco News.
Yamana Gold shares rose 61% year to date, outperforming both the gold bullion and the gold miners’ index. (show less)

Although gold equities have seen a substantial rally this year, with the VanEck Vectors Gold Miners ETF (GDX), up 45% year to date, the sector as a whole is still undervalued, according to Peter Marrone, executive chairman of Yamana Gold.
“I think that this is the time to be invested in equities, more than the time to be invested in the metal itself. Admittedly, there’s more operational issue that one needs to be sensitive to when investing in equities but my ... (read more)

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Mines & Money Online Connect Global
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