Australian (ASX) Stock Market Forum

Gold Price - Where is it heading?

How do rising gold prices affect a porfolio of gold mining companies?
First, I go back 5 years and track the following companies:
  • Newcrest - which became Newmont NEM in October 2023
  • Northern Star - NST
  • Evolution - EVN
  • Ramelius - RMS and
  • Perseus - PRU
From 2020 to 2024 POG traded in about a $400 range, peaking around $2100 at end 2023.
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Long term owners of Perseus will be cheering.

Next I look at these same companies from January 2024, which was when POG broke decisively upwards, and we see Evolution Mining jumping 2 places to now take the reins.
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POG dipped in the last 2 months of 2024 before relaunching even more sharply upwards in 2025. Now we see Newmont match Evolution in the period to date:
1759020631943.png

Anyone very late on the scene and jumping on the POG juggernaut in FY 2026 will have done ok with any of the 5 companies, although we see NEM and RMS outperforming the rest:
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The above is simply illustrative of the differences of timing the market versus time in the market. For example, had you bought each of the 5 companies on 1 August 2026 then NST actually shows a better percentage gain than all other had they been purchased in from day 1 in FY 2026.
 
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