Haywood cuts gold forecasts but miners attractive
Haywood Securities cut its 2026 gold forecast to $4,345/oz from $4,906 and 2027 to $4,000 from $5,000, and lowered 2026 silver to $67.11/oz from $73.40 after a weaker Q2. It remains constructive on gold equities, citing valuation and M&A. It named Equinox Gold (EQX) top pick and raised First Mining (FF) to $1.75 after Springpole approval, plus earnings cash-flow estimates for several miners.


