Mining: More Profitable Than Tech

The New Era of Mining Profitability

Mining companies today are generating the largest profit margins of any sector in the global economy by far.

Much of the market remains asleep and still analyzes mining through an outdated framework from decades ago.

To be clear:

Miners today are producing profit margins nearly double those of tech companies.

At current metal prices, this environment is absolute nirvana for well-run mining businesses.

Let me walk you through where I believe the industry is headed from here, some exploration companies I continue to find particularly compelling, and my broader thoughts on the recent pullback across the sector.