http://www.bloomberg.com/apps/news?pid=20601109&sid=aLLP3cSOQGsw&pos=15
Canada is home to 8 of the world’s 20 biggest gold producers, including the biggest, Barrick Gold Corp. They haven’t taken full advantage of record bullion prices in part because the credit crunch has driven up costs, Vaillancourt said. With credit easing and costs for labor and equipment coming down, he is pushing Franklin Templeton money managers to invest in the stocks this year.
“We have a preference right now for late-stage cyclicals in Canada, and gold stocks are fitting the bill,” he said.
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