David Garofalo has a graph that should appall any precious metals aficionado.
It shows how nine major gold producers’ share prices have fared over the past decade. Only one of those stocks – that of Agnico Eagle Mines Ltd. – actually achieved a lasting gain during the 10-year period.
All the other big global gold miners in the graph saw their share prices decline between 2005 and 2015. The sweeping, near-universal losses for investors in the sector – despite a gold price that shot upward over the time span – offer evidence of a massive case of value destruction.
OCLAR / ORCAL
Observatory on Canada-Latin American Relations / Observatorio de las
relaciones de Canadá y América Latina
The Observatory on Canada-Latin America Relations (OCLAR) is an eye on Canada and Latin America, focusing on mining, migration, and foreign relations.
El Observatorio de las relaciones de Canadá y América Latina (ORCAL) es una mirada a las relaciones de Canadá y América Latina, enfocando en minería, migración, y relaciones exteriores.
Carleton University Institute of Political Economy | Dunton Tower, Ottawa, ON, Canada