Bank of Montreal organizes its 'Global metals and mining and critical minerals' conference in sunny Miami, while the PDAC stays closer to home in Toronto, on its usual venue and time after on-line and postponed/restricted editions previous years.
PDAC
A short overview of highlights as published by Kitco during the weeks after the conferences.
Miners must invest in exploration, not buybacks and dividends, to meet gold demand – Alastair Still.
Alastair Still, CEO of GoldMining, a company with gold and gold-copper projects across the Americas, spoke with Kitco News journalist Ernest Hoffman at the recent PDAC 2023 mining convention in Toronto, where he said that mining majors need to invest in exploration instead of buybacks and dividends in order to meet demand. He also spoke about the company's recent U.S. IPO, investor sentiment, and gold prices in 2023.
1:19 - Critical metals diversification
1:40 - Resource depletion-based strategy
4:00 - GoldMining U.S. IPO
7:24 - Outlook for gold prices
Tavi Costa, Portfolio Manager and Partner at Crescat Capital, joins Ernest Hoffman, Reporter at Kitco News, to discuss gold miners, the gold price, and his overall macroeconomic outlook. Costa and Hoffman spoke at the 2023 PDAC in Toronto, Ontario.
Follow Ernest Hoffman on Twitter: @ernest_news (https://twitter.com/ernest_news)
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Follow Tavi Costa on Twitter: @TaviCosta (https://twitter.com/TaviCosta)
0:00 - Gold supply and demand
6:08 - Gold mining stocks
9:13 - Central bank gold buying
13:02 - Macroeconomic outlook
14:41 - Opportunities in mining
Peter Krauth, editor of SilverStockInvestor.com and author of best-seller The Great Silver Bull, spoke with Kitco News journalist Ernest Hoffman at the recent PDAC 2023 mining convention in Toronto, where he said silver prices are set to skyrocket by 2030 as investment and industrial demand, particularly solar, will overwhelm supply. Krauth also discussed the impact of government stimulus and realignments in investment portfolios on precious metals.
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Peter Krauth on Twitter: @peter_krauth (https://twitter.com/peter_krauth)
0:00 - Standard portfolio is broken
2:35 - Inflation
6:53 - U.S. dollar
9:56 - Industrial demand for silver
13:59 - Macroeconomic outlook
BMO
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, he also discussed First Majestic's mining operations, its bullion sales, and how inflation is impacting the silver industry. Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW) Follow Keith Neumeyer on Twitter: @keith_neumeyer (https://twitter.com/keith_neumeyer) Follow First Majestic Silver on Twitter: @FMSilverCorp (https://twitter.com/FMSilverCorp) 0:00 - Automakers and mining 6:26 - Supply crunch in silver 8:10 - Elon Musk buying silver 10:30 - M&A activity 12:49 - Silver price in 2022 15:47 - Silver consortium 17:46 - Inflation 21:13 - Gold price forecast 23:50 - Silver price forecast 26:46 - Central banks and silver 28:30 - First Majestic Silver 37:58 - FMS Bullion 40:00 - Russia-Ukraine conflict
Rob McEwen, Executive Chairman of McEwen Mining, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discus how the devaluation of fiat currencies could push gold to $5k per ounce by 2027, and another metal will gain by 1,000%. McEwen also discusses his copper mine's deal with automaker Stellantis and multinational mining company Rio Tinto, as well as his outlook for copper, which he claimed with be a crucial metal as the world hastens towards electrification. McEwen spoke with Kitco at the 2023 BMO Global Metals, Mining, and Critical Minerals Conference in Hollywood, Florida. Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW) Follow Rob McEwen on Twitter: @KitcoNewsNOW (https://twitter.com/RobMcEwenMUX) 0:00 - McEwen Copper's deal with automotive maker Stellantis 3:37 - Vertical integration and supply chain consolidation 7:47 - Monetary reset 12:44 - Gold price outlook 16:01 - Investment implications 18:43 - McEwen Mining 26:42 - Copper prices 28:41 - Copper fundamentals 31:24 - Silver price forecast 34:39 - Government debt 35:27 - Inflation and the Fed 40:09 - Changes in mining industry 44:21 - Careers in mining
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