Does The Barrick And Randgold Merger Prove The Miners Are Running Out Of Ways To Cut Costs?

Is the merger between Barrick and Randgold a desperate way to drastically cut selling, general and administrative costs? Here’s some insight…

by Jason Burack of Wall St For Main St

Jason talks about Barrick Gold and Randgold Resources merger between very large and low cost primary gold miners running out of ways to cut cots and desperate to cut selling, general & administrative expenses (S,G&A) drastically.

James Rasteh of Coast Capital Management is a deep-value investor who has turned his sights on the gold miners. He points out that these stocks have destroyed billions of dollars in capital, over $150 billion according to his research, and have chronically underperformed the gold price, even during rallies. According to Rasteh, the managers are the problem, and yet they have paid themselves millions. He says it’s now time for a change. Check out his interview on Real Vision TV!

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