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Gold rush could herald boom for mining stocks, but analysts warn it’s not all glitter

Industry watchers point out that mining operations of any metal reserves can be susceptible to weather disruptions and power outages

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Mia Pei

Mia Pei

Published Tue, Mar 11, 2025 · 05:00 AM
    • Big players in major gold producing countries such as Australia, China and Indonesia – especially those with competent cash flow and cost management – have also been riding on the gold price surge.
    • Big players in major gold producing countries such as Australia, China and Indonesia – especially those with competent cash flow and cost management – have also been riding on the gold price surge. PHOTO: BLOOMBERG

    [SINGAPORE] Gold prices are continuing to notch new highs amid geopolitical risks and economic uncertainties. But analysts warn that investors turning to mining stocks to capitalise on the gold rush should tread with caution.

    After all, all that glitters is not gold, and these mining companies could have very different growth prospects.

    Among the 10 most traded resources stocks on the Singapore Exchange (SGX) this year, only two – CNMC Goldmine and Wilton Resources – are gold mining companies. Both are listed on the Catalist board.

    GoldSingapore stock marketSingapore StocksCommoditiesMiningMetals

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