---
title: "Gold just hit $4,400 and the miners are finally catching up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296026742.md"
description: "Gold prices hit $4,400/oz, prompting gold miners to finally catch up. The VanEck Gold Miners ETF (GDX) surged 18% in a month, driven by strong Q2 free cash flows from top holdings Newmont and Agnico Eagle. While real yields remain high, central bank buying supports gold. Key risks include rising oil costs impacting All-In Sustaining Costs (AISC) and potential margin compression if gold pulls back or AISC rises."
datetime: "2026-08-16T14:42:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296026742.md)
  - [en](https://longbridge.com/en/news/296026742.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296026742.md)
---

# Gold just hit $4,400 and the miners are finally catching up

Quick ReadGDX has surged 18% in a month and 53% over the past year, hitting roughly $88, which represents decade-high levels, as gold breaks $4,400.Newmont posted a record $2.2B in Q2 free cash flow and Agnico generated $1.3B, with both miners holding inside full-year AISC guidance.Miners historically lever gold moves two-to-one, but a pullback to ...

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