JGLD - Gold Miners' Q4'20 Preview

• The major gold miners’ upcoming Q4’20 financial and operational results ought to prove spectacular. Average prevailing gold prices last quarter stayed at their second-highest levels ever despite gold’s healthy correction.
• Meanwhile gold production likely continued rebounding after 2020’s lockdown disruptions, which should proportionally lower all-in sustaining costs. That will make for enormous profits.
• Even if we assume flat gold output and stubbornly-high AISCs, the major gold miners should still report their highest unit earnings ever witnessed. These incredibly-strong fundamentals will slash valuations.

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