RE: A Better Way to Invest In Precious Metals
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Have the mines that shut down been offset by the rising price of the metal? Or will they have a flat earnings season?
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I have not heard of many mines being shutdown. Mines shutdown could lead to higher gold prices as well. It is also benefical that gold doesn't spoil and the royalties will be collected whenever the gold is actually mined.
I will be reviewing mining companies first quarter earnings for more insight.
More clarity is coming out as companies report earnings.
Barrick Gold (GOLD) one of the largest gold miners globally appears to have very little mine problems occurring due to COVID-19. Hope this helps give you a better picture of the precious metals miners.
https://seekingalpha.com/article/4346690-barrick-gold-breaking-down-earnings