Gold mining stocks value opportunity: DCF-to-spot ratio at 0.78x, insider buying, oversold

Mining stocks remain attractively priced with DCF-to-spot ratio 0.78x vs 0.9x average. Insider net buying of $2.3M over three months. Top picks include Centerra, Seabridge, Wesdome, and Perpetua. Cost inflation and grade depletion are headwinds but developers with permitted assets are re-rating.