Precious-metals miners once seen as too leveraged and high-risk for the typical investor raised $2.4 billion in secondary equity offerings during the second quarter, data compiled by Bloomberg show. That’s the most since 2013 and seven times more than the funds they raised a year earlier.
“All of a sudden we’re seeing real interest from generalists,” said Bryan Slusarchuk, chief executive officer of Fosterville South Exploration Ltd., whose company plans to dig for gold in Australia. “If this continues, it could just be the start of an incredible bull market for gold equities.” “The big boys play first, and then that money trickles down to the smaller companies, exploration companies,” he said.The reasons that boosted the appeal of gold miners are the very same pushing investors away from companies digging for metals like copper or lithium, which are more dependent on economic growth. Base and industrial metals firms raised just $34 million in the second quarter, data compiled by Bloomberg showed. Thats a 40% decrease from the same period a year earlier.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Business Maverick: EU Proposes $858 Billion Stimulus With $446 Billion in GrantsEuropean Union leaders were given a new compromise proposal for a 750 billion-euro ($858 billion) economic recovery fund as negotiations continued through a fourth day.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Jack Ma’s Ant Seeks $200 Billion Value in Landmark Dual IPOBillionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: Super reach: Vodacom’s mighty mobile market in the makingImagine one platform that offers merchants access to 43-million customers... Vodacom is taking steps to make that happen.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: Consumers retain the right to choose their pharmacyPutting an end to a seven-year saga, the Appeals Board of the Council for Medical Schemes has found in favour of the Independent Community Pharmacy Association of SA. The Council for Medical Schemes has now been ordered to complete the process of declaring certain medical scheme practices as undesirable.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK OP-ED: Little tax room to manoeuvre as Covid-19 pandemic triggers bleaker contractionSouth Africa’s growth outlook for 2020/2021 was bleak even before the Covid-19 pandemic. Now, with the contraction triggered by the pandemic, there is expected to be, at least, a 7.2% contraction in the South African economy, with widespread losses of jobs and livelihoods, food insecurity and business insolvencies – and a shrinking tax base.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: SARB’s MPC is likely to cut rates further this week as economy crumblesSARB’s MPC is likely to cut rates further this week as economy crumbles.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »