Metals prices and mining stocks might be down, but Ross Beaty, mining legend and chairman of Pan American Silver (TSX:PAA) and Alterra Power (TSX:AXY), is still optimistic. Beaty stopped by the Investing News Network’s booth at the recent Vancouver Resource Investment Conference to talk about gold, silver, clean energy and more.
When asked where investors might find some optimism in the current lengthy bear market, Beaty stated, “I think it’s going to bottom very, very soon. I expect actually 2016’s going to be the bottom … we’ve seen a real capitulation in a lot of investors, in a lot of commodity prices. I just love when that happens, because that, to me, is a real signal of [being] close to the bottom.”
Other highlights from our conversation include:
- Positive factors Beaty sees for gold and silver prices, including the importance of investment demand, industrial demand (for silver) and how these metals have held up against the strong US dollar
- Why he likes Kaminak Gold (TSXV:KAM) and Dalradian Resources (TSX:DNA)
- Why he’s interested in renewable energy as a long-term business, and what to expect from Alterra Power this year
Watch the video above for more of what Beaty had to say.
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Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 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.
Related reading:
VRIC 2016, Day 1: Notes from the Floor
VRIC 2016, Day 2: Notes from the Floor
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