Gold Shares Continue To Following Sector Breakout

Gold shares from juniors to majors are following the massive breakout of the 30 year consolidation within the gold shares sector. The majors and mid-tier producers, consistent with previous secular gold bull markets (see dividend payout of homestaking mining), are also raising dividends.

S&P Gold (Formerly Precious Metals Mining)*
*S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, 1922-1939 Homestake Mining


Goldcorp (GG):


Headline: Goldcorp profit jumps on higher prices, production

Goldcorp (G.TO) reported better than expected quarterly earnings on Thursday, as profits surged due to higher gold and silver prices and increased bullion production, sending its shares up more than 2 percent in after-hours trade.

Vancouver-based Goldcorp, the world's second largest gold miner by market capitalization, also raised its full year dividend payout by 11 percent to 40 cents a share and outlined plans to develop two major gold projects in Canada.

Source: reuters.com