Vote Now: Who Is The Top Mining CEO Of 2018
(Kitco News) - 2018 is quickly coming to a close and that means it is time to find out who was the best of the best.
Now you get to have your say on who was the top mining CEO of 2018 as Kitco News prepares to launch its coveted Outlook 2019 series. For the last two years Rob McEwen, chairman and CEO of McEwen Mining (NYSE: MUX, TSX: MUX), has earned the top spot, according to retail investors.
Adding a new twist to this year’s survey, you can also vote for your top mid-tier CEO and top junior explorer CEO.
Kitco's latest survey caps off what has been a dismal year for the precious metals market with gold prices falling 4.5% since the start of the year; meanwhile, the silver market completely folded with prices dropping 14.5% this year.
As bad as gold has been, the mining sector has been even more dismal with the VanEck Vectors Gold Miners exchange-traded fund falling (NYSE: GDX) 13.5% this past year.
NYSE Arca Gold BUGS Index ($HUI), a basket of unhedged gold stocks, has also seen a miserable year, falling nearly 20% year to date.
Finally, there is the junior explorer space, which has been the worst performer of them all with the TSX Composite Venture Index ($JX) falling more than 33% so far in 2018.
In this environment, who are the CEOs who have managed to navigate these investment waters properly?
Despite all the doom and gloom, there have been some dramatic headlines from a variety of gold companies this year. The biggest news this year was the announced merger between Barrick Gold Corp (NYSE: ABX, TSX: ABX) and Randgold, which will see the creation of the world's biggest gold miner.
Also this year, RNC Minerals (TSX: RNX) captured the attention of investors after it announced the discovery of a 90-kilogram specimen stone that contained about 1,000 ounces of gold. The unprecedented find breathed new life into the company as it now looks to continue to develop its Beta Hunt Mine in Western Australia. As for the rock, it's on the move, embarking on a world tour.
Participants have until Dec. 24 to cast their vote.