Gold Has Bottomed; Industry To See Turnaround - Agnico Eagle CEO

Despite the unusually strong dollar, Sean Boyd, CEO of Agnico Eagle sees gold having already reached a bottom and can expect the price to rally soon.
“We think gold’s bottomed here, the U.S. dollar’s been unusually strong, things don’t stay the same forever, so I think it’s important for the industry to re-position itself through smart M&A,” Boyd told Kitco News on the sidelines of the Denver Gold Forum.
On the recent merger between Randgold and Barrick Gold, Boyd said that this type of consolidation is what the industry needs to reduce overhead and also create more investor interest. (show less)

Despite the unusually strong dollar, Sean Boyd, CEO of Agnico Eagle sees gold having already reached a bottom and can expect the price to rally soon.
“We think gold’s bottomed here, the U.S. dollar’s been unusually strong, things don’t stay the same forever, so I think it’s important for the industry to re-position itself through smart M&A,” Boyd told Kitco News on the sidelines of the Denver Gold Forum.
On the recent merger between Randgold and ... (read more)

Denver Gold Forum

Denver Gold Forum
Now in its 29th year, the Denver Gold Forum (DGF) is the world’s oldest and largest gathering of precious commodity equities. Presented every year since 1989, it now showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves.

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