Gold mine = "printing press"
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Gold producers are reaping substantial profits as gold prices hit historic highs, with profit margins reaching their highest levels in over a decade. Miners' earnings per ounce have reached a modern historical peak. The VanEck Gold Miners ETF ($GDX) has risen approximately 94% this year, benefiting from expectations of interest rate cuts, central banks accumulating gold, escalating geopolitical risks, and high inflation. Gold has risen nearly 40% this year, with mines being the main beneficiaries
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