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Gold believers losing faith in mining companies

However, they remain bullish on the outlook for bullion

TIME TO UNLOAD: Many gold producers are worth twice what they were worth in 2015 - after rising at almost five times the rate of the commodity - so funds have begun selling the equities.

New York

THE red-hot market for gold mining companies has made the shares too expensive for some investors, even though they remain bullish on the outlook for bullion.

Earlier this year, fund managers including George Soros gobbled up shares of producers such as Barrick Gold Corp