Australian gold sector is cheaper and more profitable than North America's

Matthew Langsford

Terra Capital

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.


2 topics

Matthew Langsford
Matthew Langsford
Portfolio Manager
Terra Capital

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

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.