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Rob McEwen: Gold Majors Are Doing More Harm Than Good
The large-cap miners have dissuaded investors from entering the mining sector space with their lackluster performance and shrinking production profiles, said Rob McEwen, chairman of McEwen Mining.
“The majors haven’t done any favors to the sector. They’ve gone out and they’ve sold off production so their growth curves have a negative slope to them. They got rid of their exploration and they’re shrinking. They’ve got bad results,” McEwen told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco.
McEwen added that junior miners and mid-tiers are currently in a bull market that has three to five years to go.
“In that time, there’s a chance of seeing gold equities go up three to four times where they are today,” he said. (show less)
The large-cap miners have dissuaded investors from entering the mining sector space with their lackluster performance and shrinking production profiles, said Rob McEwen, chairman of McEwen Mining.
“The majors haven’t done any favors to the sector. They’ve gone out and they’ve sold off production so their growth curves have a negative slope to them. They got rid of their exploration and they’re shrinking. They’ve got bad results,” McEwen told Kitco News on the ... (read more)
Silver and Gold Summit 2018
The Silver and Gold Summit facilitates discussions and debates on precious metals trends, geopolitical risk and investment opportunities within the natural resource economy. Gathering the top thought leaders, CEO’s, investment professionals and retail investors from around the world, the Silver and Gold Summit provides an unmatched opportunity for investors to get a behind the scenes look at how to make money investing in the resource industry. Tremendous wealth will be created in this new resource bull market.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.
