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Agnico Eagle Mines Limited (AEM)
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Westgold Resources Limited Ordinary shares (WGX)
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Q: Hi Peter…would you be buying safe jurisdiction gold miners now? The price of the metal, to my layman’s eye, is acting a little more bipolar now. Last Thursday or Friday all my stocks except for TD, AEM, WGX and GOT were down suggesting a level of panic. Today the golds are down suggesting fear of inflation ticking up triggering higher interest rates. Thinking of selling my WGX to buy AGI because it seems a better miner. Any thoughts you have would be appreciated.
Jim

Asked by James on January 15, 2025

5i Research Answer:

The sector has been acting weird but we would remain comfortable buying. Rates may still move...

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