ARNGF - With Gold At New Highs Miners Consider More Than Price
2024-04-11 09:38:00 ET
Summary
- After several failed attempts over the last three years, gold finally managed to break through its August 2020 high of $2,075 per ounce.
- A rising gold price environment has historically been accompanied by strong performance by gold equities.
- Last month, Alamos Gold (5.78% of Strategy net assets), one of the Strategy’s top holdings, announced that it had entered into a definitive agreement to acquire all of the issued and outstanding shares of Argonaut Gold (not held by Strategy).
With Gold At New Highs, Miners Consider More Than PriceGold closed at an all-time high in March; a disciplined, cautious and consistent approach to acquisitions may bode well for gold equities.