Sat through a pretty detailed conversation on gold miner margins on the morning meeting today. Tight cost structures, minimal diesel exposure, 10%+ FCF yields. Then it was my turn: "Everyone ready to pivot to negative 100% FCF yields?" Still employed.

Sat through a pretty detailed conversation on gold miner margins on the morning meeting today. Tight cost structures, minimal diesel exposure, 10%+ FCF yields. Then it was my turn: "Everyone ready to pivot to negative 100% FCF yields?" Still employed.

Source:https://x.com/matthew_sigel/status/2085755260807598126