In a presentation titled, Gold Equities: Myths, Dreams and Reality, he blasted the dreadful shareholder returns generated by the world’s 13 largest publicly traded gold companies, naming names and pointing the finger. The gold price had increased 20% since 2010 yet average total shareholder returns in the top 13 producers were minus-65%. Despite this, CEOs pocketed an aggregate of US$550 million in pay over the 2010-2016 period.
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