As major gold miners report earnings, a key question is how they plan to utilize their profits amid record-high gold prices.
"With the sharp and sustained move higher in gold prices, we think that there will be an increased focus on capital allocation in the sector – whether companies might increase dividends, buyback shares... or whether any projects in the pipeline might get more attention," Bank of America analysts said in a note.
Miners face tension between several options. On the one hand, as they remove gold from the ground, they need to keep replenishing their bankable deposits by exploring...
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