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home / news releases / IAG - Top 10 Gold Mining Stocks For 2020


IAG - Top 10 Gold Mining Stocks For 2020

Gold seems to be trending. I'm not sure if a new gold bull market has begun, but the gold technical chart looks very good. If we get above $1,600, then we could easily trend to a new high above $1,935.

If that happens, the gold miners are going to do exceptionally well. Why? Because every dollar that gold rises above $1,500 applies leverage to a gold miner's share price. The leverage comes from the fact that costs are somewhat fixed, and an increase in the gold price becomes immediate free cash flow (for producers).

Cash

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Stock Information

Company Name: Iamgold Corporation
Stock Symbol: IAG
Market: NYSE
Website: iamgold.com

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