Is This the Year for Miners?
Frank Holmes chats with Daniela Cambone, host of Kitco News, all the way from Cape Town, South Africa in this episode of Gold Game Film. With many mining companies reporting results this week, Daniela asks Frank what he is expecting to see. Will this be a turnaround for the miners?
Frank says that right now is a much better time for miners compared to this time last year, especially for those located outside of the U.S. that are not priced in a strong U.S. dollar. He expects good results from Canadian miners, for example, since the country’s currency has dropped around 15 percent, creating margin expansion. Frank says some of the best-performing gold stocks have margin expansion, which is when the gold price is steady but employees are still paid in the local currency, increasing profitability.
Check out the full episode!
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 12/31/2014: Agnico Eagle Mines Ltd, Goldcorp Inc., Kinross Gold Corp, Randgold Resources, Yamana Gold Inc.
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