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The gold giants of London see cash deluge

Polymetal boss less bullish than many others in the sector, as company hits record free cash flow in the September quarter
The gold giants of London see cash deluge
  • Vitaly Nesis flags US election as gold price risk 
  • Says newcomers to the London gold space offer very little to generalists without being in FTSE indices
IC TIP: Buy at 1,779p

Two Russian gold miners stand astride the London precious metals sector, producing well over a million ounces (oz) a year and handing out hundreds of millions in dividends every year. Polyus Gold (PLZL) is larger than Polymetal (POLY) by market capitalisation, but also more tightly held by the Kerimov family. 

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