Advice for gold investors: go on holiday
There is relatively little exploration activity in Latin America compared to Canada and U.S., said Paul Harris, Kitco's special correspondent, on Friday during Kitco's podcast.
Harris was joined by editor Neils Christensen and mining audiences manager Michael McCrae. Special guest was Nathan Tribble, VP of exploration at Gatling Exploration (CVE:GTR). Gatling owns the Larder high-grade gold project in Northern Ontario. Larder is host to three high-grade gold deposits along the Cadillac-Larder Lake Break.
At Beaver Creek conference last week, which was covered by Harris, he noted lots of exploration news from Quebec, Yukon, Nevada, Idaho and Alaska--all North American jurisdictions.
"There seems to be very little activity in Latin America, although the geology is there. There can only be two factors: political risk and the incredible advantage Canada has with the flow-through financing," said Harris.
Harris was also struck by Ross Beaty's advice to the crowd at the conference. The founder of Pan American Silver and Equinox Gold told the audience not to worry about all the market gyrations. Just go on holiday, check your gold holdings and in a year from now all will be higher, said Beaty.
The panel also discussed Canadian nickel junior Giga Metals moving higher off rumors that the company may be in talks with Tesla, and Northern Dynasty getting a lift when Trump tweeted earlier this week that there will be "no politics" in the mine review process.