23 min listen
Gold's 'marginal project' problem
ratings:
Length:
37 minutes
Released:
Sep 17, 2021
Format:
Podcast episode
Description
The gold sector suffers from a lack of quality projects, said Banyan Gold's CEO Tara Christie. On Friday Christie recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae, Kitco correspondent Paul Harris and editor Neils Christensen.Year-to-date the VanEck Junior Gold Miners ETF is off 30% to $17.57. Harris said too many gold companies make the sector harder for investors to navigate. Barrick Gold CEO Mark Bristow wants to see more sector consolidation, according to Reuters. Still, gold prices have been good, and producers are cashed up for acquisitions."I think the bigger problem is lack of quality projects. We need new projects, not just regurgitating old projects," said Christie. "The ones that have marginal projects--why would majors want to buy them if the price of gold goes down?"Banyan Gold is a junior focused on the Yukon. Its 9,230 ha Aurex-McQuesten Property lies in close proximity to both Victoria Gold's Eagle Project and Alexco Resource's Keno Hill Silver District.
Released:
Sep 17, 2021
Format:
Podcast episode
Titles in the series (100)
Spotted! Recent junior M&A activity that could turn into a sector wave: Australian M&A is heating up amongst the early-stage development companies, which could portend bigger deals worldwide, said Peter Akerley, CEO of Erdene Resources. On Friday Akerley recorded Kitco Roundtable podcast with correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae. by Kitco NEWS Roundtable