Paulson Is Right: Gold Producers Must Fix Their Bad M&A Habits

Evolution CEO says hedge fund made valid points on industry
Generalist investors scarred by gold miners’ mistakes: Klein

Jake Klein, Evolution Mining chairman and co-founder, says that gold giants must change to woo scarred investors. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Danielle Bochove, David Stringer, and Susanne Barton

February 27, 2018 at 1:39 AM UTC

This article is for subscribers only.

Billionaire hedge-fund manager John Paulson is right to press top gold producers to avoid repeating their bad deal-making habits as prices press higher after notching up their biggest annual gain since 2010, according to Australia’s second-largest supplier.

“I have a lot of empathy for what Paulson has been saying,” Evolution Mining Ltd. Executive Chairman Jake Klein said in an interview. “They’ve highlighted a number of very important and valid points about the industry’s behavior.”