Gold Stocks’ Balance Sheets are Solid

Balance sheets of the majority of miners are healthy due to disciplined operational restructurings.

Net Debt/EBITDA – Commonly Traded Gold Stocks vs. S&P 500

Net Debt/EBITDA – Commonly Traded Gold Stocks vs. S&P 500: soundness of the balance sheets that figure in the gold miners ETFs

Source: BMO Capital Markets, VanEck, FactSet. Data as of March 2020. The labels in this chart represent listed companies in the gold sector.

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