Major gold mining companies (Newmont, Barrick, Agnico Eagle) mismanaged the previous gold bull cycle from 2001-2011 when gold went up sevenfold; despite commodity appreciation, these companies' free cash flow went negative, causing investors to rationally avoid the stocks even though the underlying metal was soaring.
factualpending
Speaker
Lobo TiradoEvidence Quote
“you had gold go up Sevenfold and you had the you know the major producers as a group um deliver negatively in terms of you know actual free cash flow”
Created: 8/12/2026, 6:34:24 PM
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