https://www.kitco.com/commentaries/2020-04-17/Miners-on-the-verge-of-breaking-out-of-a-multi-year-base-again.html

Extracts-

The gold price is already trading at all-time highs in every major currency except for the world’s reserve currency. With both the Canadian and Australian dollar gold price above $2500, lower-grade, large bulk tonnage deposits located in both of these countries are now economic as the market prices in a new floor at US$1550.

Both miners and developers who control large deposits in these countries are poised to benefit from significantly lower local currencies and decade low energy prices. Fuel is a key operating cost for miners, as it is needed to run the giant machines that drill and process massive volumes of ore.

Now that industry leaders Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM) have broken out ahead of the sector, researching undervalued junior options to invest before the coming breakout in the GDX is highly recommended.