Gold Miners Dominate 2025 Markets with 126% Rally as Investors Rush to Safe Havens

Gold mining stocks have surged 126% in 2025, fueled by a 52% spike in Gold prices since January. Companies like Agnico Eagle, Barrick Mining, and Newmont are drowning in cash as fixed production costs turn soaring metal prices into pure profit. "It’s been a very good year for gold stocks," says VanEck portfolio manager Imaru Casanova. "They have more cash than they know what to do with."

But shadows of the past loom large. The sector’s 79% collapse after the 2011 peak—driven by reckless mergers and executive excess—remains fresh in investors’ minds. Yet with gold breaching $4,000/oz amid central bank buying, U.S. fiscal fears, and debt panic, the rush is back. Bond markets shrug off the frenzy, even as miners face their moment of truth: will this boom end differently?