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Radisson Mining CEO gives outlook on gold, miners, and company performance - Rahul Paul

Kitco News

(Kitco News) - Rahul Paul, CEO of Radisson Mining Resources, discusses with David Lin, anchor for Kitco News, the outlook for the gold sector.

According to Paul, the precious metal is well positioned for more upside.

"The U.S. inflation rate is the highest we've seen in 13 years. Typically, the Fed would hike interest rates to keep inflation under control but U.S. government debt is at a record high of close to $29 trillion and that in turn makes it a lot harder for the Fed to raise rates, because a rate hike would have a very significant impact on the ability to service all that debt. This time around, I would say inflation pressures are going to be more persistent, and this is the kind of environment that gold tends to shine in," he said.

On mergers and acquisitions activity in the gold mining sector, Paul said that there has been a number of notable transactions in the past year.

"2021 has been a busy year for M&A. We've seen a number of transactions, many involving Canadian gold projects. Notable transactions this year include the acquisition of Monarch by Yamana, QMX by Eldorado Gold, Battle North by Evolution Mining, Premier Gold by Equinox, and more recently, Kirkland Gold by Agnico. I think this trend is only going to pick up going forward," he said.

For more information on Radisson Mining Resources’ operations, watch the video above.

Follow David Lin on Twitter: @davidlin_TV

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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.