Barrick CEO Mark Bristow. Credit: Barrick Gold Corp.
Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high bullion prices, according to the CEO of the world’s second-largest producer.
“Fund managers just bash the table and want money — they’re not interested in this industry reinforcing its foundations,” Barrick Gold Chief Executive Officer Mark Bristow said in an interview Wednesday. “Then they turn around and get hysterical when a host country demands returns.”
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Barrick CEO Mark Bristow. Credit: Barrick Gold Corp.
Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high bullion prices, according to the CEO of the world’s second-largest producer.
“Fund managers just bash the table and want money — they’re not interested in this industry reinforcing its foundations,” Barrick Gold Chief Executive Officer Mark Bristow said in an interview Wednesday. “Then they turn around and get hysterical when a host country demands returns.”
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