Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation.
As the price of gold rose upward, junior miners chased ounces at all costs. This was a huge mistake, says Eric Coffin, because it resulted in unexciting projects, low margins and a depressed market. New discoveries with high margins are the essence of the junior.
What is the true demand for gold? How much is really available in any given year? Does supply and demand really determine the price of gold anymore? The Gold Report called Sprott and John Gravelle, global and Canadian mining leader for PwC, which produced the report for the World Gold Council, to find out.
It's a jungle out in the silver markets. In this interview, David H. Smith navigates the jungle by advising which explorers, mid-tiers, stalwarts and royalties to consider buying in tranches on the way down and selling on the inevitable way up.
"Half science, half art, half luck," is how Brent Cook describes a geologist's work in distinguishing an anomaly from a deposit. But here he suggests investors will have an easier time distinguishing good drill results from bad if they know how to dissect a company's press releases.
Copper and silver tycoon and environmentalist Ross Beaty sees stagnant global growth, but strong fundamentals for gold. Here he shares his views, and a few memorable moments in his career — on both sides of the industry.
Platinum is thirty times rarer than gold, yet it is trading at a discount right now. However, this historic bargain situation may not last long as the current supply is under pressure from rising costs in South Africa.