RBC $6,500 Gold Forecast Shows Miner Cash Flow Surge

From thedeepdive.ca

Gold miners may be entering the most cash-generative stretch in the sector’s modern history, with RBC Capital Markets models pointing to a steep jump in free cash flow as gold approaches $6,500 per ounce by the end of 2027. RBC’s producer coverage chart shows sector free cash flow rising from a historically choppy range below roughly $5.0 billion for most of 2018 to 2024, then accelerating sharply from 2025 into 2027 as gold prices move toward the upper end of the model. The chart, sourced to Bloomberg and RBC Capital Markets estimates, shows gold producer free cash flow climbing toward roughly $15.0 billion to ... (full story)