#acquisitions top every

For most of the last 30 years, gold miners were the worst-run businesses in the market. They diluted shareholders relentlessly. They overpaid for acquisitions at the top of every cycle. And they somehow managed to lose money even when gold was tradi

For most of the last 30 years, gold miners were the worst-run businesses in the market. They diluted shareholders relentlessly. They overpaid for acquisitions at the top of every cycle. And they so…