Gold Producers Remain Disciplined

Ima Casanova

June 14, 2023

The majority of gold producers continue to demonstrate their commitment to disciplined capital allocation, focused on value accretive growth, enhancing shareholder returns, and profitability, and maintaining healthy balance sheets. We also see an increase in responsible operators, aiming to deliver benefits to all stakeholders, while carefully managing the impact on the environment. In our view, a potential re-rating of the gold mining equities from historically low valuations at present is well supported by the industry’s strong fundamentals.