Did you miss this year’s Denver Gold Forum? INN spoke with over a dozen experts at the show — listen now!
Held from September 23 to 26 in Colorado City, the Denver Gold Forum brought together a slew of thought leaders and precious metals-focused companies.
The Investing News Network was on site covering the show, watching presentations and speaking with industry participants. In total, we spoke with over a dozen attendees who shared insight on diverse topics, including the gold price, M&A activity and peak gold.
Jeffrey Christian, managing partner at CPM Group, shares his outlook for the gold price moving forward, including when he thinks we could see the yellow metal hit a new record high.
“Right now I think there’s some good signs that the market is turning, particularly for gold stocks,” says Adrian Day of Adrian Day Asset Management in this interview.
He added, “in terms of price we are back to, for most stocks … where we were in 2001, at the beginning of a bull market. In terms of valuations, we’re not at the absolute lows for the last 20 years, but we’re very close to those lows.”
According to Charles Cooper of Metals Focus, major gold miners are losing market share to junior and intermediate producers, and the trend doesn’t look likely to stop. What does that mean for investors?
Gabelli Gold Fund analyst Chris Mancini shares his thoughts on where gold is headed in the final months of 2018. He also explains why his judgment is still out on the deal between Barrick Gold (TSX:ABX,NYSE:ABX) and Randgold Resources (LSE:RRL).
The World Gold Council’s Terry Heymann explains where gold stands in the fight against climate change.
Overall, he says, we’re starting to see “more and more investors who not only recognize that they have a responsibility in terms of environmental/social governance, but are also using that to actively guide their investment decisions.”
Paul Hissey of RBC Capital Markets outlines the landscape down under, highlighting the importance of optionality when looking at Australian mining companies.
“We’re closer to the bottom of the market” than to the top, says David Harquail, which means that Franco-Nevada (TSX:FNV,NYSE:FNV) is in the process of deploying capital.
“We think the best time to buy things is when you’re at the low ebb of the cycle,” he explained.
John McCluskey of Alamos Gold (TSX:AGI,NYSE:AGI) says that unlike most his company has been able to push forward with exploration and M&A over the last several years.
George Salamis, president and CEO of Integra Resources (TSXV:ITR), shares the company’s latest news and explains why Idaho is reemerging as a noteworthy mining jurisdiction.
Salamis describes Integra’s experience in Idaho so far as “phenomenal,” with drill permits coming quickly and a high level of government support. “We’re seeing a lot more companies come in and start investing in Idaho as well, a lot more junior activity out there in Idaho,” he said.
Smallwood, who runs Wheaton Precious Metals (TSX:WPM,NYSE:WPM), says industrial demand for silver is “excellent,” while in terms of supply we’ve already seen peak production.
Like many, he believes that when the silver price does eventually move, “it’s going to move very strongly.” He added, “silver always outperforms gold, it always outperforms other precious metals … it’s finished outperforming down, now it’s going to outperform on the way up.”
“I get asked a lot about silver and gold, and of course we all like higher prices,” says Jorge Ganoza of Fortuna Silver Mines (TSX:FVI,NYSE:FSM).
“But I’ll say that we are a bit price agnostic — we try to focus on the things we control. We control our cost, we control the type of assets we decide to acquire and get involved with and develop.”
Mark Selby of RNC Minerals (TSX:RNX) shares what’s next at the Beta Hunt mine in Australia, where his company recently made a 24,000-ounce gold discovery.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Great Panther Silver is a client of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.