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Production, Reserves To Keep Declining Unless Miners Do This - Mazumdar
Production is declining and miners aren’t replacing reserves, these were two issues discussed between Kitco News’ Daniela Cambone and Exploration Insights’ Joe Mazumdar during the PDAC convention in Toronto. “If gold price stays at $1,250 and people continually book reserves at $1,250, there’s not a lot of projects that make sense at that price,” he said. “Hence, we’ve seen a lot of reserves go down so the only way, we think, to replace quality reserves at $1,250 is we need grassroots exploration.” (show less)
Production is declining and miners aren’t replacing reserves, these were two issues discussed between Kitco News’ Daniela Cambone and Exploration Insights’ Joe Mazumdar during the PDAC convention in Toronto. “If gold price stays at $1,250 and people continually book reserves at $1,250, there’s not a lot of projects that make sense at that price,” he said. “Hence, we’ve seen a lot of reserves go down so the only way, we think, to replace quality reserves at $1,250 is ... (read more)
PDAC 2017
The Prospectors & Developers Association of Canada (PDAC) is best known for its annual convention, bringing together prospectors, developers, geoscientists, consultants, and mining executives, among others. Known as the mammoth of all mining conference, this annual event is held in Toronto and attracts more than 30,000 attendees from more than 125 countries. Kitco News’ Daniela Cambone and Neils Christensen will be in on all the action, bringing you the hottest news in the industry. Don’t miss our coverage brought to you exclusively by GoldMining Inc. and Uranium Energy Corp.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
