Market & Topical Perspectives

Sustainability: A Critical Factor for Gold-Mining Stocks

Sustainability: A Critical Factor for Gold-Mining Stocks

In a recent interview, Thomas Kertsos, co-portfolio manager of First Eagle’s Gold strategy, and Max Belmont, associate portfolio manager of the strategy, discuss why materials ESG factors are an essential element in their analysis of gold miners.

In the gold-mining industry, a company’s response to environmental, social and governance (ESG) risks can be a key to its long-term resilience. Material ESG factors are an essential element in analysis of gold miners. Along with the quality of a mining company’s assets, its financial strength and the skills of its management team, they are often a key to the economic merits of an investment.