Can anyone explain to me why GOR always point out they are debt free with good cash reserves? In ordinary market conditions, it makes sense, but not when interest rates are historically low. Wouldn't it make more sense to use their cash reserves and borrow to the hilt, so they can put that money towards, oh I don't know, maybe actually FINDING more deposits - the only thing the market cares about for gold miners?
Ann: Quarterly Activities and Cashflow Report - June 2021, page-5
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