Gold Miners Reaping A Record Cash Harvest

Cash harvesting sounds more like farming than mining, but that’s the point reached by goldmining companies which are awash with cash after three years of high gold prices.Top of the cash harvesting list, according to investment bank Goldman Sachs, is the world’s biggest miner of the precious metal Newmont Corporation.Gold ingots. Photographer: Andrey Rudakov/BloomberggettyUntil recently most investor interest in goldminers has been as proxies for the gold price which has risen by 30% over the last 12-months ...