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‘Boring’ Gold Giants Struggle to Compete With Hot Battery Metals

  • Cobalt companies flooded with interest at mining conference
  • Gold miners vulnerable after large precious-metal funds left
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Evolution Chairman Says Gold Giants Must Change to Woo Investors

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Gold producers are doing everything they’re supposed to be doing -- squeezing more profit out of mines, penny-pinching on projects and resisting the kind of big deals that got them into trouble when prices fell.

While that’s satisfying their large institutional shareholders, it’s not enough to lure more general investors drawn to flashier electric-vehicle commodities, as well as to stocks riding the marijuana and cryptocurrency booms.