As it turns out, not everyone is generating free cash flow in this gold environment. Some have instead elected to prioritize growth efforts over stacking money in a bank vault, and well, the market doesn’t seem to like that idea.
Just ask Eldorado Gold (TSX: ELD) about it, who sunk as much as 3.4% on Friday after posting Q1 results that well.. Had no free cash flow. Instead they’ve prioritized that cash on growth projects, primarily their Skouries mine in Greece.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
