How You Can Profit from Gold Extractors M&A Deals
Over the last 10 years, the price of gold has returned more than 15% annually in terms of the U.S. dollar. However, shares in companies that produce the precious metal have found it hard to keep pace with the value of the commodity. Newmont Corporation (NYSE: NEM) (TSX: NGT) and Barrick Gold, two of the biggest miners of gold globally, have returned about 4.6% and -5.1% per year respectively over the last decade. These figures are inclusive of dividends. An equally weighted basket of stocks from both firms would have returned -0.2% per year. Over the last few decades, the…