The weight of money flowing into products in this area, whether they are active or passive, will shift the cost of capital for companies.

Evy Hambro

Categorized in : Company News

It's only recently that we've been asked by clients in almost every encounter with them what we're doing on ESG.

In general, the absence of cash flow will put pressure on dividends, but some will be able to stay the course, bHP haven't cut their dividend since 1935. It will be a brave management team and board that would take that decision.

Gold companies need to understand if people are going to give them capital they need to have transparency around investment decisions, they don't want capital ploughed back into the business chasing production growth rather than value creation.

The primary thing (investors) want is ... when the gold price goes up, the company makes more money. They need to know with every ounce that's mined there's a margin attached to it.