Precious Metals Miners Bank Record Cash Flow as Shelter Inflation Clouds the Bull Case
Hecla Mining reports record free cash flow and a debt-free balance sheet alongside i-80 Gold's quarterly update, even as strategists warn that persistent shelter inflation could delay the rate cuts underpinning the gold trade.
Hecla Mining posted record free cash flow with a debt-free balance sheet, and i-80 Gold reported quarterly results, capping a period of exceptional operating leverage for precious metals producers. But the macro backdrop is turning ambiguous: analysis flagged this session argues that sticky shelter inflation in the forthcoming CPI print signals inflation persistence, which would push out the Federal Reserve easing path that has been the primary driver of the bullion rally.