BlackRock criticizes gold miners' $12B share buybacks as reckless, urges investment in new production amid rising gold prices.

BlackRock, the world's largest asset manager, has condemned recent $12 billion share buybacks by major gold miners as reckless and lacking proper process. Evy Hambro of BlackRock argues that miners should focus on investing in new production to capitalize on expected rising gold prices, rather than repurchasing shares at peak prices. BlackRock remains bullish on gold's long-term outlook due to global debt and deficits, viewing gold as a key asset amid currency depreciation and market volatility. The firm also highlights gold and silver's complementary roles in portfolios for diversification and growth potential.

As of Oct 16, 2026 22:02 WIB, Gold Fields Limited (GFI) is trading at USD 38.02 on Pluang, showing a positive 1-day change of +2.52%. The stock has a market capitalization of $32.66 billion and an enterprise value of $33.26 billion, with a dividend yield of 5.8%. Pluang users currently favor buying GFI shares, with 72% of order activity on the buy side, highlighting ongoing investor interest in gold miners despite recent debates over capital allocation.