Can the gold industry return to the golden age?
Comment of the Day

May 06 2019

Commentary by Eoin Treacy

Can the gold industry return to the golden age?

Thanks to a subscriber for this report from McKinsey which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subcsriber's Area. 

Miners of all hues are in the extraction business and that comes at a cost which varies based on both internal and external factors. When the commodity price is low, they have no choice but to mine the richest ore bodies available because to do otherwise would likely lead to insolvency. When prices rise, they engage in M&A activity because they have to replace that ore because grades have deteriorated.

Click HERE to subscribe to Fuller Treacy Money Back to top