This is what is needed for a new gold mining exploration boom
Editor's Note: Get caught up in
minutes with our speedy summary of today's must-read news stories and expert
opinions that moved the precious metals and financial markets. Sign up here!
(Kitco News) - With gold prices at $1,500 an ounce and most junior exploration companies still not getting capital from investors, what’s needed is not another gold price rally but a major exploration in North America to bring investors back into the space, this according to Cal Everett, CEO of Liberty Gold.
“It usually takes a world-class discovery in North America to start a new junior cycle,” Everett told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco. “All of these major discoveries are generally found in North America because that’s where the risk capital is generally raised.”
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.