“Equities are positioned to perform,” Boyd said in a telephone interview on Thursday.
The Canadian industry veteran sees gold hitting record highs this year in volatile trading as inflation outpaces interest rates. As a result, producers like Agnico and Barrick Gold Corp. are generating plenty of cash and opting to hand over a chunk of that to investors.
“That is signaling management teams’ confidence in the business,” Boyd said.
There’s still money left over for companies to increase exploration, develop projects and engage in disciplined deal making, he said.
(By James Attwood)
