Miners Need To Go Back To Basics If They Want To Beat Gold - CEO

With the miners still lagging behind gold, which posted five consecutive daily gains before cooling off, one mining CEO says it’s time for the industry to get back to basics. ‘Gold can’t dilute itself so I think people are buying into the metal because it has outperformed 90% of the senior gold miners over the past decade,’ Ian Ball, CEO of Abitibi Royalties, told Kitco News in studio Thursday. Aiming to be known as a disrupter in the industry — or the ‘Uber’ CEO of mining — Ball said it’s time for innovative thinking in the industry, especially if the miners want to outperform the gold price. The metal has gotten a safe-haven boost in recent trading, hitting two-week highs. However, prices have slightly dipped Thursday with June Comex gold last trading down0.21% at $1,256 an ounce. (show less)

With the miners still lagging behind gold, which posted five consecutive daily gains before cooling off, one mining CEO says it’s time for the industry to get back to basics. ‘Gold can’t dilute itself so I think people are buying into the metal because it has outperformed 90% of the senior gold miners over the past decade,’ Ian Ball, CEO of Abitibi Royalties, told Kitco News in studio Thursday. Aiming to be known as a disrupter in the industry — or the ‘Uber’ CEO of ... (read more)

 
 
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Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

 

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