AngloGold Ashanti CEO Alberto Calderon said three-quarters of company output already comes from tier-one assets and the aim is 85% by the mid-2030s. Credit: Henry Lazenby
Colorado Springs – A year of record bullion prices has the gold sector talking less about buying ounces in takeovers and more about finding them in their midst.
At the Mining Forum Americas in Colorado Springs, the industry’s biggest producers, streamers and would-be builders struck a rare consensus this week: stick to tier-one assets, keep balance sheets clean, and let grade, margins and jurisdiction do the heavy lifting.
Franco-Nevada (TSX, NYSE: FNV) set the tone. CEO Paul Brink framed gold’s long run – about 9% a year against the U.S. dollar – as the backdrop for selective growth and shareholder returns. Wheaton Precious Metals (TSX, NYSE: WPM) echoed the message, citing how early-stage streaming can de-risk transactions…
