The gold mining industry seem to have started winning back investor confidence after an 18.5% spot gold price rally took place since the start of the year, with the world’s largest gold producer Barrick Gold’s TSX-listed stock jumping 75% to C$18.40 apiece in year-to-date period, as gold received renewed investor interest on the back of continued global economic uncertainty.
Gold mining stocks have risen in the wake of the global economic slowdown and the collapse of commodity prices, which had taught the industry to cut costs, clean up balance sheets by improving cash flows and reducing debt, and to streamline portfolios by selling noncore assets.
