Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Analysis reveals divergence between copper and gold miners
Dr. Ryan Cochrane, senior research analyst for Wood Mackenzie, explained that copper miners have generally enjoyed higher operational and residual cash flow margins than gold miners despite copper prices underperforming gold prices over the past 14 years. "Furthermore, the quest for production growth-especially in the latter portions of the bull market-meant that many gold miners developed increasingly marginal projects and paid excessive premiums for acquisition-driven production growth through the extensive use of debt and highly dilutive equity financing," Cochrane said.
Analysis reveals divergence between copper and gold miners
Dr. Ryan Cochrane, senior research analyst for Wood Mackenzie, explained that copper miners have generally enjoyed higher operational and residual cash flow margins than gold miners despite copper prices underperforming gold prices over the past 14 years. "Furthermore, the quest for production growth-especially in the latter portions of the bull market-meant that many gold miners developed increasingly marginal projects and paid excessive premiums for acquisition-driven production growth through the extensive use of debt and highly dilutive equity financing," Cochrane said.
Analysis reveals divergence between copper and gold miners
2015
Aufsatz (Zeitschrift)
Englisch
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