Tuesday, 11 June 2019

Why A Lack Of Discovery Is A Good Thing

With gold prices having traded range-bound for most of 2019, miners should be more focused on creating value through discovery, which the industry is lacking, said David Suda, CEO of TerraX Minerals.

“The opportunity for us is in the fact that producing gold companies have actually had a lack of discovery. They haven’t spent money on exploration, and all the major gold companies in the world can merge with each other until they go blue in the face, they’re not going to come up with a discovery that way, and I think that’s what the opportunity here is,” Suda told Kitco News on the sidelines of the 121 Mining conference in New York.

- Source, Kitco News