Loading ...Credit Suisse: Gold to be in deficit by 2016; AEM, EGO are top picks • 10:58 AM
Carl Surran, SA News Editor
•The gold market will enter deficit by 2016 as producers cut capex, resulting in reduced supply in the medium- to long-term, Credit Suisse analyst Anita Soni writes, seeing 2014 as a likely plateau for supply (Briefing.com).
•Agnico Eagle Mines (AEM +2.6%) and Eldorado Gold (EGO +4.5%) are the firm’s top picks among gold miners under coverage.
•Other Outperform rated gold companies are GG, KGC, AUY, AUQ, FNV, GSS and IAG; rated Neutral are ABX, NEM, NGD and AGI.