Gold Majors Are Returning Record Cash Instead of Building New Mines
Barrick Mining and Kinross Gold returned significant cash to shareholders, cutting capital expenditure. Barrick returned $1.5B in Q2 2026, up 242% YoY, while Kinross returned over $600M in H1 2026 and bought back $1.1B in stock. Both companies are prioritizing shareholder returns over new mine development. RUA Gold reported a maiden resource estimate for its Auld Creek project, with a positive preliminary economic assessment showing an after-tax NPV of $42M and a 17% IRR. The project is in New Z




