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Bet on gold-mining firms fuels jackpot for Soros and Calpers

Goldman Sachs analysts say gold producers should continue to outperform as the increase in prices drives earnings and free cash flow higher, allowing companies to increase dividends.

New York

OWNING shares of major gold producers wasn't very rewarding over the past five years as the plunging price of the metal hurt profit. But in 2016, the industry has delivered huge returns with relatively little prospect for losses.

While mine operators including Barrick Gold...

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