How Much Trouble Are Gold Stocks In?

The gold mining space is facing a major cash crunch, and besides waiting for the price of gold to alleviate pain, the key to survival may be to look at the senior producers who are managing costs efficiently, this according to Cal Everett, CEO of Liberty Gold.
“The sale side of the industry is still fractured. So if you wake up in the morning and look at the volumes on 50 or 100 juniors, 20 of them won’t even trade for an hour and a half. That’s the nature of the market, but there’s volume on the big producers,” Everett told Kitco News on the sidelines of the 121 Mining Investment conference in New York. (show less)

The gold mining space is facing a major cash crunch, and besides waiting for the price of gold to alleviate pain, the key to survival may be to look at the senior producers who are managing costs efficiently, this according to Cal Everett, CEO of Liberty Gold.
“The sale side of the industry is still fractured. So if you wake up in the morning and look at the volumes on 50 or 100 juniors, 20 of them won’t even trade for an hour and a half. That’s the nature of ... (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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