With gold prices having climbed higher this year, investors have flocked to senior producers instead of the juniors, favoring steady cash flow over speculation and this trend may shape miners’ priorities going forward, this according to Joe Mazumdar, co-editor, Exploration Insights. “I think the majors have changed mindset thinking that it’s not about production profile, it’s about generating free cash flow and maintaining dividends,” Mazumdar told Kitco News on the sidelines of the 121 Mining Investment Conference in New York.
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