You are here
Top gold producer says mining needs more activist investors
But there's no mention here of the suppression of the price of gold mining's product.
* * *
By David Stringer
Bloomberg News
Tuesday, August 8, 2017
Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.'s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer.
The sector's record of returns warrants closer scrutiny from shareholders, Evolution Mining Ltd. Executive Chairman Jake Klein said in an interview in Kalgoorlie, Western Australia. "I'd like to see it," he said. "Investors are almost too tolerant, and too accepting."
Activism campaigns are accelerating in traditional mining hubs including Australia and Canada, according to FTI Consulting Inc. All 19 members of a Bloomberg Intelligence index of mid-sized gold producers, which includes Evolution, have had a negative return in the past 12 months, with only seven advancing this year, according to data compiled by Bloomberg. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-08-08/mining-needs-more-act...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...
Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
