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.
Lawrence Roulston has little patience for investors without the nerves to hold onto a good thing during tough times. Gold has been the main embodiment of value for thousands of years, Roulston points out, so why should tomorrow be different?
We may be headed into a new year, but Chris Thompson expects more of the same in the precious metals prices: Volatility. In this interview, he advises investors to play that volatility. He details why—despite its higher royalty tax—Mexico remains a silver powerhouse, and which companies will feel the royalty pinch most.
Extorre's current resource base on a gold equivalent basis, which includes the value of the silver, is 2.2 million ounces in two deposits. The company hopes to move that through 3 million ounces within the next year.