>>22065990A lot of reasons I can think of: cost inflation, construction and permitting delays, bottom of the barrel sentiment, money chasing other sectors, quarterly results not yet having caught up with the gold price causing doubt in investors, political risks for some companies, and so on. But once you sift through all the nonsense and zoom out, the sector is cheaper than it has been since forever. For the informed stock picker, a wonderful situation to be in.
