The miner's next worry after COVID-19: nationalization
With most countries' balance sheets stretched and gold prices rising, miners next worry may be holding onto their revenues said Remi Piet, senior director at Americas Market Intelligence.
Piet spoke to Kitco on Friday.
Piet's firm has forecast gold hitting $2,000, which he said will create more security problems for miners. Criminal gangs will target mining operations. The other worry is the governments themselves.
"There is a temptation to raise royalties," said Piet who warns that miners must understand the country dynamics where they operate and who they can trust.
Listen to our conversation with Remi Piet.