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How Barrick-Randgold Merger Could Improve Shareholder Returns

Annie Gilroy
How Barrick-Randgold Merger Could Improve Shareholder Returns

Gold mining companies have been under tremendous pressure in 2018 as the price of gold (GLD) has fallen ~8% year-to-date. The VanEck Vectors Gold Miners ETF (GDX) has amplified that return by falling ~21% in the same period. Gold miners haven’t kept pace with broader equities (SPY) (IVV) and gold prices.