This Metals And Mining Fund Warned About ‘Putrid’ Sentiment On Gold Developers [Exclusive And In-Depth]

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Michelle deBoer-Jones
Published on
Precious Metals

Extract Capital was down 15.8% net for the second quarter, coming in roughly in line with the S&P 500’s -16.4% return, although it did significantly better than the S&P/ TSX Venture Composite Index’s -30.8% return. Since its inception in March 2012, the fund has generated a net return of 294.6%, versus the S&P’s 179.9% return and the Venture Index’s 61.9% loss. Additionally, the Junior Gold Miners Index has declined 69.6% since Extract Capital’s inception, while the HFRX Commodities Metal Index, which tracks hedge funds in the metals and mining space, was down 36.1%. Q2 2022 hedge fund letters, conferences and…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.