While gold output is in decline as a result of falling grades, mine closures and new construction projects being deferred, and the situation compounded by gutted exploration budgets and capital markets being effectively closed for the gold industry, the next big price move could only be up, the chief owner, chairperson and CEO of McEwen Mining, Rob McEwen, tells Mining Weekly Online.
“Gold is cheap and gold shares are very cheap. I think we are at the bottom for gold. More consolidation and rationalisation is to come and today’s biggest producers will be surpassed by new leaders emerging from the mid-tier.
