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Physical silver supply squeeze about to get worse warns Keith Neumeyer

The worldwide pandemic has closed down a number of mining territories worldwide, taking off a big piece of silver manufacturing, this according to Keith Neumeyer, CEO of First Majestic Silver.

" In 2018, we created, as an international sector, 855 million ounces of silver. Up until now, we've had Peru come offline, with 145 million ounces, we have actually had Chile come offline with 42 million ounces, we have actually had Argentina come offline with 26.5 million ounces. That's a total of 213.5 million ounces that has actually now been closed down," Neumeyer informed Kitco Information.

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Investors betting on jockies rather than assets

Capitalists are banking on jockies rather than possessions with some, yet not all, younger explorers seeing more liquidity as gold costs climb, George Salamis, head of state as well as Chief Executive Officer of Integra Resources told Kitco Information at the BMO conference in Florida.
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Lundin looking for new deals as sons take leadership roles

Lukas Lundin is hunting for even more deals of disliked properties as his kids Adam and Jack take noticeable management duties to establish copper and gold properties in Latin America, Lukas and Adam Lundin informed Kitco News at the BMO Global Metals & Mining Conference.
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GoldMining continues to add low-cost ounces

GoldMining brings its worldwide portfolio to more than 22 million ounces of sources at much less than the exploration worth with an additional acquisition in Idaho, U.S.A., chairman Amir Adnani informed Kitco News at the 2020 PDAC conference in Toronto, Canada.
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Aggressive shareholder returns continue for Polyus

Polyus, the globe's 4th largest gold manufacturer will maintain its hostile shareholder returns as it advancements towards a production decision for its huge 63 million ounce Sukhoi Log project, CEO Pavel Grachev told Kitco Information at the BMO Global Metals and also Mining Meeting.
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Gold exploration spend falls in 2019

International gold expedition invest dropped by around $550 million in 2019 as juniors had a hard time to increase capital and as two mega mergings saw exploration invest minimize, Mark Ferguson, supervisor of steels as well as mining study at S&P Global Market Knowledge informed Kitco Information at the PDAC seminar in Toronto, Canada.
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Agnico forecasts profit growth as expansions mature

Agnico Eagle anticipates revenues to expand as well as costs ahead down as its investments in expansions at some cash cow mature and operate as intended, head of state Ammar Al-Joundi informed Kitco News at the PDAC in Toronto.
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B2Gold comes of age but drive remains the same

B2Gold has actually matured as it surrounds coming to be a one million ounce a year manufacturer, with its stock cost at an all time high as well as a first dividend to boot, yet president and also CEO Clive Johnson has no plans of slowing his drive to build a highly successful gold company, he informed Kitco News at the BMO International steels & Mining Conference.
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Why can’t gold go to $10,000?

Gold has the prospective to go much higher, as some other metal assets have done, as absolutely no rate of interest, peak gold manufacturing and also other elements supply solid tail winds for the yellow steel, Frank Holmes Chief Executive Officer and primary investment policeman for U.S. Global Investors told Kitco News at the BMO Global Metals & Mining Seminar.
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Watson sees royalty opportunities with base metals producers

The downturn in the base metals markets presents chances for royalty as well as streaming companies to acquire new precious metals company from miners having a hard time for cash, Nolan Watson, president and also Chief Executive Officer of Sandstorm Gold informed Kitco Information at the BMO International Metals & Mining Seminar.
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Kitco News is the world's # 1 source of metals market info. Our videos feature meetings with popular sector figures to bring you market-affecting understandings, with the goal helpful people make notified financial investment decisions.

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