A gold company I follow recently completed a strategic review following the appointment of a new CEO and CFO in the last year (this narrows it down to about 10 of the top 15 gold companies globally).
in the last two years (this narrows it down to about 50% of the top 30 gold companies globally) and have had problematic operations in the past two years (this narrows it down to about 90% of the top 30 gold companies globally). Following the strategic review the company proudly pronounced that from now on it would be run along the following lines – it would focus risk. Amazing. I asked: “Does this imply these were not the principles on which the company was previously run?” I applaud this company’s new management for this value set, and believe that it will do a better job than its predecessors, but honestly this