Video News/BMO 33rd Global Metals, Mining and Critical Minerals Conference

John Hathaway, senior portfolio manager, Sprott Asset Management, says there are two reasons why gold stocks haven’t kept pace with the gold price. One is the creation of the gold-backed ETF, “which cannibalized demand for gold stocks.” Secondly, the mining industry has proven itself to be a poor allocator of capital. In February Hathaway spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida.