A new day has arrived. Investors and companies are now switching their focus from growth to cash. As that happens, they are looking less at the top line and more at the bottom line — specifically free cash flow per ounce, PwC notes in the report.To convince investors that they have changed, gold miners are reportedly set to display better judgment in employing capital as they switch to strategies that prioritize the rate of return.
PwC: Gold Equities Reached Breaking Point In 2012
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