Bullion’s record-breaking run will attract investors back to gold mining stocks, leading to “explosive” performance in shares of producers of the precious metal, according to Canadian mining industry veteran Rob McEwen.
Gold has climbed more than 25% this year, extending a stellar run in 2024, on the back of central bank buying, Asian investor interest, and growing haven demand. However, shares of gold miners have lagged, with some investors put off by production misses and rising costs, while others have been lured by higher returns in technology stocks and other sectors.
But with fears growing that the US economy will nosedive as President Donald Trump’s trade war intensifies, gold miners could soon catch up as bullion prices keep rallying and other asset classes become less appealing, according to McEwen, who founded Goldcorp and now leads McEwen Mining Inc.
His company — which has seen a…
