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Which Senior Gold Miner Could See a Valuation Rerating in 2018?

Annie Gilroy
Which Senior Gold Miner Could See a Valuation Rerating in 2018?

As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Among senior gold miners (GDX), Newmont Mining (NEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 7.6x. At a time when growth is difficult to come by in the gold mining space, Newmont Mining has a strong project pipeline with very low execution risk.