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BlackRock's Hambro blasts gold miners' ‘reckless capital allocation towards share buybacks
Source: kitco.com
Capital Returns (Dividends / Buybacks)Commodities & Raw MaterialsCompany FundamentalsAnalyst Insights
BlackRock called recent share buybacks by gold miners “reckless and undisciplined,” arguing they should invest more in new production instead. The asset manager expects gold prices to rise further, but the article gives no specific price target, spending figure, or market reaction.
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