Current sentiment in gold miners is FAR MORE negative than it should be, as several miners haven decent cash flows and gold is trading near 1300$, far above the bear market lows of 2017 and 2018

If only 5 investors show up at a meeting of GOLD at Bank Of America conference, then it is obvious, interest in miners is NON-existent

Same is happening with mining conference calls, only handful of people listening anymore

Looking at it from EW perspective, it is very likely we are at the bottom of Wave II (of wave III, as Wave II already did bottom mid 2018), and remember how this should feel if we believe Bob Prechter:

“Second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends. . . At this point, investors are thoroughly convinced that the bear market is back to stay.”
And on top of that silver performs badly and several miners have problems like IAG, HL, CDE,.. only to name a few.
It is however striking that sentiment is as bad or worse than 6/12 months ago and  gold is far higher than the $1180 level of mid 2018
Therefore it is possible we are witnessing a historical bottom in miners. Of course if Gold price does not turn up in the near future there could be lower bottoms. But if gold goes back to 1350 level or more, most well run miners should post decent profits.