Last Monday was quite the day in terms of capital markets for gold miners. The price of gold continued to hit new highs, breaching the $3,800 an ounce level, while at the same time we saw major management shakeups at two of the world’s largest gold producers.
While a leadership shake up at one major is uncommon, shakeups at two, announced within hours of each other, seems to be more than coincidental. Especially in a raging gold market that seems to still be just getting started. So what’s going on?
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
