More Blow-Out Gold Miner Earnings
A gold bull market is a rising tide that lifts all gold miners.
In other words, a miner with rising production wins twice in a bull market, selling more ounces at a higher per-ounce price. But a miner with flat or slightly lower production can still win, thanks to the higher gold price.
The following two miners — each of which put up great Q4 numbers last week — illustrate the point: