Precious Metals 2020 Outlook
Comment of the Day

January 17 2020

Commentary by Eoin Treacy

Precious Metals 2020 Outlook

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Eoin Treacy's view

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Gold miners are more interested in M&A activity at present than borrowing a pile of money to plough into the uncertain prospect of exploration and development. Even if they were eager, banks are in no mood to lend them the requisite capital considering how fresh the memory of malinvestment is. That’s good news from the perspective of investors because it allows miners to accrue profits so they can pay down debt, raise dividends and buy back shares.

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