Excellent SRSrocco Report on Free Cash Flow Evaluation of ...
Aug 03, 2018· If we divide the 391 Moz of total gold production, the net free cash flow per ounce was 19. Now compare that to the 832 average gold price during the twenty year period. By focusing on the Free Cash Flow, over an extended period, we can see that the top gold mining companies haven''t made all that much money.