43 min listen
'They're making a lot of money' - Paul Harris says current gold price still favors miners
'They're making a lot of money' - Paul Harris says current gold price still favors miners
ratings:
Length:
29 minutes
Released:
Mar 5, 2023
Format:
Podcast episode
Description
Although gold prices are down from the start of the year, miners still have healthy margins at the current price levels, noted Kitco correspondent Paul Harris. In February Harris recorded Kitco Roundtable at BMO Global Metals, Mining & Critical Minerals Conference with Mining Audiences manager Michael McCrae and Adriatic Metals CEO Paul Cronin.Adriatic Metals (ASX:ADT) will commence production at its Vares silver project in Bosnia & Herzegovina in Q3 of this year. Adriatic describe Vares as one of the highest margin polymetallic projects globally. Post-tax NPV is estimated at $1.062 billion and IRR at 134%. After gold got as high as $1,960 ounce in January, Harris noted that the BMO conference opened in late February with the metal suffering a four-week slide dipping into the low $1,800 range. "Perhaps [the drop is] a little bit painful, but the producers...still have 40% to 50% margins," noted Harris. "They're making a lot of money."
Released:
Mar 5, 2023
Format:
Podcast episode
Titles in the series (100)
Why silver will shine bright in 2021: The good news about the development of a vaccine is hammering gold, said Kitco editor Neils Christensen. Christensen joined Mining Audiences Manager Michael McCrae and Marcel de Groot, co-founder and president of Pathway Capital, to record Kitco Roundtable podcast on Friday. by Kitco NEWS Roundtable