Reason 1: Gold sales at Barrick’s JVs with Newmont were light in Q1:
Reason 2: Boddington costs may have been affected by the WA Covid outbreak.
Reason 1: Gold sales at Barrick’s JVs with Newmont were light in Q1:
Reason 2: Boddington costs may have been affected by the WA Covid outbreak.
NEM -7%.
Was it something you said..?
😀
Nah, it was something she said:
https://www.reuters.com/business/finance/feds-daly-case-half-percentage-point-hike-may-is-complete-2022-04-20/
An Old Wall Street Axiom …………….
“Sell in May – And Go Away”
Except in 2016, 2019, and 2020 for the metals and miners it was more like “Buy in May and try to stay” : )
Semi-related, anyone else notice there was no “curse of PDAC” in March? And this year, PDAC has been set back until June? Spooky.
Bullseye!
https://finance.yahoo.com/m/b32c2eec-aaad-3ba7-81be-69d73eb1cd7f/newmont-earnings-miss-despite.html
I’m a monkey with a dartboard.
Damn good call. I sold some of my Barrick a few days back as think same could happen with them. Seems the entire sector falling off and overbought.