Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Gold and oil trade higher and EMX Royalty's David Cole sees a bright future for copper

Gold and oil trade higher and EMX Royalty's David Cole sees a bright future for copper

FromKitco NEWS Roundtable


Gold and oil trade higher and EMX Royalty's David Cole sees a bright future for copper

FromKitco NEWS Roundtable

ratings:
Length:
11 minutes
Released:
Oct 14, 2023
Format:
Podcast episode

Description

The set up for copper looks good, said EMX Royalty CEO David Cole. On Friday Cole recorded Kitco Roundtable with mining audiences manager Michael McCrae. With the Federal Reserve looking to be near the end of its tightening cycle and geopolitical concerns, the vice-grip that monetary policy has exerted on gold through most of 2023 is starting to weaken, giving the market room to run.After hitting a seven-month low a week ago, the precious metal is seeing its best weekly gains since mid-March, noted Kitco's Neils Christensen. Prices are over $90 higher than last week's closing price, with December gold last trading at $1,941.50 an ounce, and are up more than 6% from last week's lows.EMX Royalty (TSX-V:EMX) is a precious, base and battery metals royalty company. Some highlight assets are Timok Magmatic Complex in Serbia and Caserones, a copper and molybdenum mine in Chile. The company asset mix is 56% gold and 22% copper."I do expect the copper side of that equation to continue to increase with our exposure to Caserones..operated by Lundin Mining and of course Timok," said Cole. "Those are two generational copper assets with very long lives within our portfolio. Generally speaking, we love the metals across the periodic table and are happy to be exposed to them all, but if you ask me what my favorites are I'd say that copper is the most strategic." 3:00 - Focus on royalties4:00 - More deal flow for royalty and streaming companies during a downturn4:33 - Timok settled dispute5:20 - Asset mix at EMX Royalty
Released:
Oct 14, 2023
Format:
Podcast episode

Titles in the series (100)

Join Kitco Kitco correspondent Paul Harris and mining audiences manager Michael McCrae who highlight the biggest news in precious metals and mining.