The Business Times
business-time-50
SUBSCRIBERS

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

Summarise
google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    US President Donald Trump (left) with Chinese President Xi Jinping in Busan in October 2025. The most plausible outcome of US-China rivalry is not a clean transition from one hegemon to another, but a fragmented order.

    US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk

    PayPal has struggled despite its storied history as a financial-technology company.

    PayPal plans job cuts as its new CEO pursues turnaround strategy

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More