As high gold prices become the baseline, mining equities are poised to outperform in 2026

By Ernest Hoffman – Kitco News

As gold prices continue to trade near all-time highs above $5,000 per ounce, miners are generating record margins and free cash flow, and with all-in costs below $2,000 per ounce, the sector is positioned to outperform once again this year, according to Imaru Casanova, Portfolio Manager, Gold and Precious Metals at VanEck.

In a recent commentary, Casanova said the miners’ latest balance sheets, costs, and margins add up to durable profitability – even if gold prices don’t move higher.