Long term performance of precious metal miners.
Poor long term performance of most precious metal miners causes the HUI index of unhedged miners and the Philadelphia Gold and Silver miners index (XAU) to lag both precious metals and the general stock market.
This has been amply demonstrated on the detailed Gold Miner Pulse page and in the articles referenced therein. The Miners Performance page provides a ranking of individual miners since 19 Nov 2010 or the introduction on the Toronto or US stock market.
Presently I went beyond this approach: For all individual miners and the precious metal mining ETF’s, their performance over 2023 is shown, combined with their long term performance and a ‘strength’ indicator determined by where the stock price on Dec 29 is situated within the interval (max, min) of last year. Here you can find the PDF.
Graphical outcome
Yearly versus long term performance of miners and mining ETF’s |
Survivor bias
A few highlights
Quote
|
Name |
End2023 |
Min |
Max |
Strength |
LT |
1Y |
NGEX.V |
NGEx Minerals Ltd. |
7.16 |
2.72 |
7.9 |
86% |
5.4242 |
2.3247 |
BVN |
Compañía de Minas Buenaventura SAA |
15.24 |
6.45 |
15.74 |
95% |
0.2846 |
2.0212 |
AUMN.TO |
Golden Minerals Company |
0.68 |
0.14 |
3.4 |
17% |
0.0275 |
1.8630 |
HMY |
Harmony Gold Mining Company Ltd |
6.15 |
2.93 |
6.58 |
88% |
0.5181 |
1.8088 |
Source: https://gwyde.blogspot.com/2024/01/long-term-performance-of-precious-metal.html
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