Australian gold sector is cheaper and more profitable than North America's
It’s worth noting that North American gold equities are still trading on multiples over 30% higher than Australian listed gold equities. This is despite the Australian stocks maintaining stronger margins. Unsurprisingly it appears that much of the buying in local gold producers appears to have come out of North American and European institutions. This performance does help the entire metals and mining complex. While at this time it appears unlikely, we remain cognisant of the risk around US rates rising faster than expected and negatively impacting commodity prices in general.
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Founded in 2010, Terra Capital is an Australian based specialist investment manager for sophisticated, wholesale and institutional clients. Based in Sydney, the firm has established itself as one of the best performing boutique Fund managers in the country. Terra Capital has a proven track record of performance, a focus on risk management and a management team that is strongly aligned with investors. Matthew has over 12 years of experience across funds management, financial markets and industry. Mr Langsford is a qualified Chartered Accountant and has worked previously in corporate finance at Ernst and Young and in institutional and high net worth broking, specialising in small caps.
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Founded in 2010, Terra Capital is an Australian based specialist investment manager for sophisticated, wholesale and institutional clients. Based in Sydney, the firm has established itself as one of the best performing boutique Fund managers in...
Expertise
Founded in 2010, Terra Capital is an Australian based specialist investment manager for sophisticated, wholesale and institutional clients. Based in Sydney, the firm has established itself as one of the best performing boutique Fund managers in...
Expertise
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