There’s a better potential haven than gold for investors spooked by the risk of a recession this year – mid-sized producers who’ve outperformed both bullion and the rest of the mining industry.
Companies including Canada’s Kirkland Lake Gold and Australia’s Northern Star Resources have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe Foster, New York-based portfolio manager for the $600-million Van Eck International Investors Gold Fund.