Why A Lack Of Discovery Is A Good Thing, Says CEO

With gold prices having traded range-bound for most of 2019, miners should be more focused on creating value through discovery, which the industry is lacking, said David Suda, CEO of TerraX Minerals.
“The opportunity for us is in the fact that producing gold companies have actually had a lack of discovery. They haven’t spent money on exploration, and all the major gold companies in the world can merge with each other until they go blue in the face, they’re not going to come up with a discovery that way, and I think that’s what the opportunity here is,” Suda told Kitco News on the sidelines of the 121 Mining Investment conference in NYC. (show less)

With gold prices having traded range-bound for most of 2019, miners should be more focused on creating value through discovery, which the industry is lacking, said David Suda, CEO of TerraX Minerals.
“The opportunity for us is in the fact that producing gold companies have actually had a lack of discovery. They haven’t spent money on exploration, and all the major gold companies in the world can merge with each other until they go blue in the face, they’re not ... (read more)

121 Mining Investment

121 Mining Investment
121 Mining Investment New York will gather senior investors from institutional funds, private equity groups, family offices and sector analysts to meet with carefully selected mining company management teams in the world’s capital of finance.Featuring cash-generating producers, near-production development companies, project generators and exciting exploration projects, the event this June offers investors the perfect forum to seek out their next big mining investment opportunity.

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