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Otavio (Tavi) Costa described gold miners as a sector that would currently have the cleanest balance sheets, the strongest profit margins, and the most attractive valuations in the market. Costa is a portfolio manager at Crescat Capital. No independent factual development was reported.
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Costa previously said gold miners offer the highest free cash flow yield among U.S. equities, describing the sector as the cheapest by comparison at around a 10% yield (link). He also compared the recent gold correction to the drop seen in 2008 and called the pullback a potential opportunity (link). These recent views follow his latest assessment of sector conditions.