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Melted gold flows out of a smelter into a mould at a plant of gold refiner in Istanbul February 27, 2009.
Melted gold flows out of a smelter into a mould at a plant of gold refiner in Istanbul February 27, 2009.
(OSMAN ORSAL/REUTERS)

Gold is up, and here come the financings

Miners are hitting a newly opened financing market hard, as bullion’s advance past $1,300 (U.S.) an ounce, and a run in other metals, have put investors in the mood to provide much-needed cash for the sector.

With precious metals stocks rising along with bullion and silver, not only is the window open, but share sales are vastly less dilutive than even a few months ago.