Here's Why These Gold Stocks Gained As Much As 20.3% in August

Here's Why These Gold Stocks Gained As Much As 20.3% in August

August was a pretty good month for gold stocks. Shares of several leading companies enjoyed double-digit gains last month after each reported solid second-quarter 2017 earnings, including IAMGold (NYSE: IAG), Franco-Nevada (NYSE: FNV), Randgold Resources (NASDAQ: GOLD), and Kinross Gold (NYSE: KGC).

Each company reaffirmed full-year 2017 guidance on production, financials, or both, and each used words such as "strong" or "solid" to describe their performance. Those are certainly accurate adjectives. After last month's impressive gains, all of the gold stocks I mentioned are now up at least 40% in 2017.

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Source: Fool.com