Wall Street becomes preferred destination for gold miners over London

Financial Times/Harry Dempsey and William Langley/5-13-2023

“Under a plan set out on Friday, the world’s fourth-largest gold miner (AngloGold Ashanti) will move its primary listing from Johannesburg to New York as part of an effort to lift its valuation.”

USAGOLD note: In making the announcement, AngloGold pointed out that Wall Street listed companies trade at a “significant premium” – an incentive difficult to overlook.