RERUN: Gold Is “Where It Should Be” – Pierre Lassonde

While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp.“At $,1300 [an ounce], I will argue that gold is well priced,” Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. “It’s not overpriced and it’s not underpriced. It’s where it should be given everything else that’s happening in the world.”Lassonde noted that the industry itself, particularly the producers of precious metals, has been performing well, but much higher gold prices will be needed to secure investors’ interest back into the market. “At $1,300 gold, the mining companies, the operators, are doing well, you can see the balance sheets are better than ever. They’ve learned their lesson and are focusing on margins,” Lassonde said. “But if you look at the investors, they don’t want to hear about it.”Lassonde noted that Franco-Nevada, Newmont, and Agnico Eagle are currently the top performers in the industry, or as he liked to call it, companies with the “golden halo.” (show less)

While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said Pierre Lassonde, Chairman of Franco-Nevada Corp.“At $,1300 [an ounce], I will argue that gold is well priced,” Lassonde told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. “It’s not overpriced and it’s not underpriced. It’s where it should be given everything else that’s happening in the ... (read more)

BMO Conference 2018
BMO Conference 2018

From February 25 to February 28, Kitco News will be bringing you exclusive interviews with analysts, experts, and of course, executives of major gold and silver mining companies. Over the years, BMO Capital Markets have consistently attracted prominent investors, analysts and executives by providing valuable forums to explore strategies, trends and opportunities.

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