Gold: A Time For Junior Developers?

Junior developers are companies with properties that are in various stages of development, but not yet producing gold. These companies had been underperforming since the gold price broke out in June 2019. This is a sharp contrast from past bull markets, when the juniors began outperforming the larger companies much earlier.

However, through the second quarter and into July, the junior developers have finally kicked into gear, In addition, investors have returned to the junior sector, enabling companies to raise $1.5 billion this year and the second quarter was their strongest for equity raises since 2012 according to RBC Capital Markets.

MVIS Global Junior Gold Miners Index

07/31/2019-07/31/2020