Mining Forum video: Stöferle spots gold bargains but keeps cash ready
Liechtenstein-based Incrementum gold fund manager Ronald-Peter Stöferle sees bargains in mining shares after gold’s pullback.
Liechtenstein-based gold fund manager Ronald-Peter Stöferle, an Incrementum representative, identified investment opportunities in mining shares amid gold's recent decline. Although his active gold strategy is currently holding nearly 40% cash reserves, Stöferle expressed optimism during his appearance at the Mining Forum Americas in Colorado Springs.
He met with mining executives recently and found their cautious approach to acquisitions and new projects encouraging. This suggests that producers are exercising fiscal responsibility even as their earnings increase. Stöferle acknowledged that this does not guarantee that they won't make mistakes at some point during the market cycle, but he believes that the current scenario represents an advantageous position for investors.
Mining companies have the chance to attract investors who have previously neglected the sector, as Stöferle noted. As more investors with broader investment mandates become receptive to gold exposure, the amount of capital available may expand.
Written by urgent.news from Mining.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
