Gold miners are widening their investment appeal as near-record bullion prices boost profits and dividends, according to the CEO of Gold Fields.
Gold Fields is adding more generalist investors as they search for yield amid low bond-market returns, Nick Holland said in an interview from Johannesburg. The sector, which once largely drew the attention of specialist funds, is now attracting a broader base of investors who previously considered gold miners too leveraged and high-risk. Bullion’s surge to a record earlier this month is increasing that allure.