“Gold at $5,000 against $1,600 mining costs sent net margins from 8% to 33%; profits are stunning even at conservative long-run gold estimates.”
“Despite materially trimming Kinross during the year as the price rose 204% to finance the purchase of other positions, the surge in the gold price is driving mining profitability through the roof.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.