Analyzing Mining Companies’ Correlation with Gold

Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively. Gold is the most influential of the four precious metals, while silver, platinum, and palladium tend to track gold. The miners we’ve selected for our analysis are Alamos Gold (AGI), First Majestic Silver (AG), B2Gold (BTG), and Royal Gold (RGLD). Royal Gold has the highest correlation with gold YTD (year-to-date), while B2Gold has the lowest.