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More capex but more personal optimism in Polymetal

By Chris Bailey | Thursday 26 August 2021

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Nearly seven months ago I observed that you should ‘always believe in gold…but stick with Barrick (GOLD) and Polymetal (POLY) and not Yamana (AUY)’ HERE. Most gold stocks are down year-to-date – after an excitable previous couple of years – and these three stocks have been no different. So what do I make of Polymetal now after it published its first half numbers today?

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