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The gold miners have not done themselves any favors with hiking dividends instead of acquiring more assets, said mining legend and entrepreneur Ian Telfer.
On Friday Telfer recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Telfer contrasted many of the gold miners with Sibanye-Stillwater, which has been on a buying spree.
“My observation on the mining industry–and especially the gold mining industry–is that companies are most successful run by one entrepreneur with one set of eyes and one vision,” said Telfer, noting Robert Friedland and Lucas Lundin as examples.
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