Gold Mid-Tiers’ Q2’20 Fundamentals

by Adam Hamilton
Zeal LLC

The mid-tier gold miners in this sector’s sweet spot for upside potential have had a spectacular run since March’s stock panic! That catapulted them to extremely-overbought levels, necessitating a correction to rebalance sentiment. The mid-tiers’ just-reported Q2’20 operational and financial results reveal whether those big gains were fundamentally-righteous, and whether more major upside is likely in coming months.

Mid-tier gold miners produce between 300k to 1m ounces of gold annually, more than smaller juniors but less than larger majors. Mid-tiers are far less risky than juniors, and amplify gold’s uplegs much more than majors. Their unique mix of sizable diversified gold production, material output-growth potential, and smaller market capitalizations is ideal for outsized gains. They are the best gold stocks for traders to own.

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