Shares of mining and ETF companies linked to gold already yield 50% in the year

The price of gold exceeded US $ 3,400 per ounce yesterday, marking a record driven by the growing global uncertainty, particularly due to commercial tensions between the United States and China, as well as for the weakness of the dollar.

The state oil company increased its capital by 63.7%, reaching S/15,672 million, after the capitalization of credits granted by the Peruvian State, which has not been able to pay for the financial problems it faces.

“Gold comes from a very strong rally in the first part of the year. We have seen a greater demand for metal driven by both investors and the industrial sector. This due to concerns about global economic growth and tariffs,” Kallpa Sab Mining Analyst, Kallpa Sab mining analyst told Peru21 Yordin Lozano.

So far this year, precious metal accumulates a yield of 31%, exceeding the performance reached in 2024.

According to Lozano another factor that raises the price of gold is the appetite that has been unleashed by institutional investors, such as central banks of emerging countries, Chinese insurers and in funds quoted in the stock exchange (ETF).

“In China, for example, the government has expanded the golden investment limit on its portfolios. In addition, there are new gold import installments in China, which has driven the price,” Lozano added.

Miners

The rise in the price of gold has benefited the stock market instruments linked to this active refuge, providing them with returns greater than 50%.

So far this year, Agnico Eagle Mines Limited shares, one of the world’s largest producers in the world, based in Canada, has won 57.37%. Also, Newmont Corporation, which operates with Buenaventura the Yanacocha mine in Peru, yields 49.66%.

For its part, Wheaton Priceus Metals, one of the biggest gold brockers in the globe, wins in 50.87%. Similarly, Buenaventura and ETF GDX, which replicates the price of precious metal, have increased their value by 30.42% and 51.70%, respectively.

Another relevant fact is that the gold rally has driven exports from informal mining. In 2024, when the price of gold rose around 27%, the participation of gold whose production does not appear in the Minem registry reached 46% of the total exported, compared to 42% registered in 2023.

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