Donald Trump’s recent victory in the US presidential election initially resulted in fear among precious metal investors. As these fears subsided, precious metals and mining stocks slowly started falling.
The Brexit referendum in June 2016 also had a significant impact on mining companies and precious metals. Some investors expected choppy markets for precious metal mining companies after Trump’s victory, but that didn’t happen.
On a YTD (year-to-date) basis, B2Gold (BTG), New Gold (NGD), Newmont Mining (NEM), and Barrick Gold (ABX) rose 141.2%, 59.9%, 86.1%, and 112.9%, respectively.
The VanEck Vectors Gold Miners ETF (GDX) saw a substantial YTD rise of 55.4%, but these returns fell sharply in the past few months.
View more information: https://marketrealist.com/2017/01/performance-mining-stocks-2016/