Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high prices, according to the CEO of the world’s second-largest producer.

“Fund managers just bash the table and want money — they’re not interested in this industry reinforcing its foundations,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview Wednesday. “Then they turn around and get hysterical when a host country demands returns.”

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While Toronto-based Barrick is returning a sizable chunk of earnings and divestment proceeds to shareholders, its shares are down about 3% this year. Bristow urged fund mangers to take a longer-term approach, with miners having to navigate tricky jurisdictions and geologies as well as gain the trust of politicians and populations at a time of rising environmental standards.

Read more at NEWSMAX.