Elevation Gold Mining Corp.’s Post

Although the price of gold has reached new record highs in 2024, gold #miners are still far from their 2011 peaks. Physical #gold has outperformed shares of gold-mining companies over the past three years by one of the largest margins in decades. An investment rationale for gold mining equities to consider is the current level of undervaluation, the fact that gold price is the most important fundamental driver of earnings and returns on capital, as well as profitability levels. Will the gap close based on these factors? Check out this chart that shows the gap between the gold price and gold #stocks over the years ➡️ https://loom.ly/batP2Lc

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