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Gold equities 'well positioned', says RBC

The outlook for gold equities is better now that at any point in recent years, Canadian investment bank RBC said on Friday.

Gold equities 'well positioned', says RBC Gold equities 'well positioned', says RBC Gold equities 'well positioned', says RBC Gold equities 'well positioned', says RBC Gold equities 'well positioned', says RBC

Polymetal's Kyzyl mine in east Kazakhstan. The FSU-focused company is one of RBC's top picks

RBC's analysis suggested margins were currently around 15% better than when the market last peaked in 2011-2012, but that valuations were 44% lower than at that point on an enterprise value/EBITDA

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