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Constantly Changing Mining Laws "A Nasty Habit" - McEwen
Kitco News speaks with Rob McEwen, chairman of McEwen Mining, to talk about potential M&A opportunities, El Gallo 1 and 2, and government interventions in the mining industry. McEwen expects great results from the expanding El Gallo 1 mine and says the company is now interested in expanding “through the Americas.” With regards to government regulation in the mining industry, McEwen says governments have a ‘nasty habit’ and are ‘penalizing the industry.’ “I do think it is a trend though. Governments look to form capital and they abuse it,” he adds. Looking over at gold prices, he expects prices to rise and says it is interesting to see both the US dollar and gold prices move in the same direction. “I think you’re going to see a lot more buying of gold going on, particularly in gold shares,” he says. “I think gold is going to test its old high and go through it.” Tune in now to hear more comments on the mining industry from the McEwen Mining chairman. Kitco News, January 28, 2014. (show less)
Kitco News speaks with Rob McEwen, chairman of McEwen Mining, to talk about potential M&A opportunities, El Gallo 1 and 2, and government interventions in the mining industry. McEwen expects great results from the expanding El Gallo 1 mine and says the company is now interested in expanding “through the Americas.” With regards to government regulation in the mining industry, McEwen says governments have a ‘nasty habit’ and are ‘penalizing the industry.’ “I do ... (read more)
