JPMorgan Favors Barrick Over Agnico as Gold Rally Lifts Miner Profitability
JPMorgan opened coverage of the North American gold sector with a positive bias toward Barrick Mining and a more cautious stance on Agnico Eagle Mines. The bank cites a bullish outlook for gold driven by central bank and ETF demand, constrained mine supply, and US policy uncertainty. While both miners are set to post strong EBITDA margins and ample…