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January 15, 2020

"Ratio of share price-to-free cash flow among senior #Gold #Miners...still hasn’t caught up to the gold price...more room to run" for #miningstocks $GDX $GLD

Larger gold miners' valuations may have room to expand


"The price increase, combined with capital discipline among the larger miners, is generating a bonanza of free cash flow while mergers could spark share gains among smaller players, according to five precious metals fund managers interviewed by Bloomberg.

"After more than $20 billion in mergers and acquisitions among large-cap miners last year, small and medium-sized companies could be next, providing another reason to buy."


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MasterMetals
@MasterMetals

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