The Globe and Mail reported that Goldcorp’s (TSX:G) incoming CEO, David Garofalo, doesn’t see metals prices rebounding next year. The CEO told the publication that gold is still emerging from the end of a long period where it benefited from low interest rates.
As quoted in the publication:
Gold, which pays no dividend, shines as a store of value when other investments also produce no yield in real, or after-inflation, terms. However, it loses lustre as competing assets begin to offer higher payouts.
“Right now, gold prices reflect the reality that real interest rates have nowhere else to go but up,” Mr. Garofalo said. He added: “Gold prices over the next couple of years may struggle because of the reality of the interest-rate environment.”
Analysts say American Lithium‘s (TSXV: LI; NASDAQ: AMLI) Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium. The operating cost of the Tonopah Lithium Claims (TLC) project, about 340 km no … Read More
Concern is growing over the federal government’s seeming inability to leverage Canada’s vast natural resource endowment as it navigates the uncertain global geopolitical and economic landscape, an industry event in Vancouver heard this week. Besides examining … Read More
Copper price retreated on Wednesday as weak demand offsetted speculative bets that the end of covid Zero will reignite growth. Â Copper for delivery in March fell on the Comex market in New York, touching $4.11 per pound ($9,042 per tonne), down 2.7% compared … Read More
Patented Lode Claim
The Boundary Red Mountain Mine - Located in Whatcom County, Washington, USA
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