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'The last remaining headwind to gold' - Minera Alamos's Doug Ramshaw on precious metal outlook

Kitco Media
By Michael McCrae
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Kitco News) - A lot of economic factors favor gold, noted Minera Alamos President Doug Ramshaw.

On Friday Ramshaw recorded Kitco Roundtable with mining audiences manager Michael McCrae and correspondent Paul Harris.

Minera Alamos (TSX VENTURE:MAI) describes itself as a proven mine builder. The company focuses on gold operations in Mexico. This week the company announced a $25 million financing for its Cerro de Oro Gold project. In 2022 the company sold 11,667 ounces from its Santana project.

Ramshaw talked about the outlook for gold. Ramshaw noted that strong crypto markets put a damper on precious metals last year. That weight is lifted, said Ramshaw, noting that a lot of other factors are lining up for gold.

"Now we got inflation, why isn't gold moving?" asked Ramshaw. "The strength of the U.S. dollar is a significant headwind for that...probably the last remaining headwind to gold. I do think 2023 offers a far brighter outlook for gold than 2022."

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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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.