- YTD, the S&P 500 Index (SPX) has fallen 5.5% as of April 8, 2022, while gold prices have risen 6.5%. Gold mining equities - as measured by the S-Network MicroSectors Gold Miners Index (MINERS) - rose an even higher 21.7% YTD.
- The gold mining industry is leveraged to gold prices, so gold mining companies often outperform gold when gold prices rise and underperform when gold prices fall.
- With less debt and more cash, gold mining companies are focusing on returning value to shareholders through higher dividends and share repurchases.
For further details see:
Gold Miners: The Free Cash Flow Rush