How mining giant Yamana plans to beat gold; 'torque is with equities' says Peter Marrone
Although gold equities have seen a substantial rally this year, with the VanEck Vectors Gold Miners ETF (GDX) up 45% year to date, the mining sector as a whole is still undervalued, according to Peter Marrone, executive chairman of Yamana Gold.
“I think that this is the time to be invested in equities, more than the time to be invested in the metal itself. Admittedly, there’s more operational issue that one needs to be sensitive to when investing in equities but in my view torque really is with equities now rather than with the metal itself,” Marrone told Kitco News.
Yamana Gold shares rose 61% year to date, outperforming both the gold bullion and the gold miners’ index.
Marrone said that the way forward for miners to differentiate themselves from the gold bullion is to pay dividends.
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Видео How mining giant Yamana plans to beat gold; 'torque is with equities' says Peter Marrone канала Kitco NEWS
“I think that this is the time to be invested in equities, more than the time to be invested in the metal itself. Admittedly, there’s more operational issue that one needs to be sensitive to when investing in equities but in my view torque really is with equities now rather than with the metal itself,” Marrone told Kitco News.
Yamana Gold shares rose 61% year to date, outperforming both the gold bullion and the gold miners’ index.
Marrone said that the way forward for miners to differentiate themselves from the gold bullion is to pay dividends.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео How mining giant Yamana plans to beat gold; 'torque is with equities' says Peter Marrone канала Kitco NEWS
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