I’ve been watching the quarterly financial reports in
precious metals miners and they have leaned towards the stellar side with the rise in gold (and to a large lesser extent, silver) prices.
Energy accounts for anywhere between 40% and 60% of pm mining costs. With gold holding above $3,000 and silver above $30 and energy prices declining (oil was $70 a WTI barrel in November 2024 and now sitting at $57+ and appearing to have broken to the downside, future quarterly (and especially annual) pm financial results should be a bit beyond mind-blowing.
Endeavor just reported .90 a share NET earnings.
Just sayin’…there was a time when my dearly-departed dad received gold miner dividends that equaled his purchase price of gold stocks. Maybe not repeatable but perhaps it will rhyme a bit. Might live long enough to witness that if I don’t wear out first. The body is indeed wearing out…