Q.What is your view of the mining sector?
A.Mining is a cyclical business, so we always seem to be running into the same roadblocks. Overall, gold prices are doing fairly well, especially in Canadian and AUS dollar terms. When you look at the industry as a whole, 2017 is turning out to be a positive year.
With that said, the industry does have to deal with cost pressures as it relates to capital costs. Thinking about some large joint venture projects in the market, it’s natural to understand that the size, cost, technical and market risks command a delicate balance.
On the investment side, attracting new investors to our industry continues to be challenging. We need to build the infrastructure at our mines during the downturns so that we reap the rewards during the price upswing. Continue Reading →