Rob McEwen of McEwen Mining (TSX: MUX, NYSE: MUX) and Michael Meding of McEwen Copper signed up with the Investing News Network to go over current news from their particular business and to share their recommendations for financiers.
Setting the phase, McEwen stated he believes the cost of gold is at a seasonal low and is poised to go up in the fall.
” If you take a look at the seasonality of gold, the summer season is typically a point of less interest and weaker costs,” he stated. “I would anticipate as we relocate to September, October we’re visiting the cost climbing– I do not think rate of interest are going to trigger a long-term softness in the cost. I believe it might be short-term; the trajectory for gold is greater through September, October.”
Regardless of obstacles at the start of the year, McEwen stated McEwen Mining is because of satisfy its yearly assistance of 150,000 to 170,000 gold comparable ounces. The business’s H1 output was available in at about 66,000 gold comparable ounces.
For his part, Meding discussed McEwen Copper’s upgraded initial financial evaluation for the Los Azules copper job in Argentina. He explained the possession as a “mine for the future,” and highlighted the efforts the business is making to reduce its carbon footprint and water intake. He anticipates these qualities to interest future end users.
” I believe individuals are increasingly more ESG focused– they wish to have ethical production, they wish to have low-environmental-footprint production,” stated Meding, including that business might become able to charge a premium for “green copper” produced with renewable resource and with low carbon emissions. “We are prepared to provide that.”
In closing, McEwen shared his recommendations for financiers, motivating them to take a look at essential products.
” I would recommend that (financiers) think about contributing to their portfolio direct exposure to foods and grains, to energy and to rare-earth elements– there are lots of automobiles to do that in, and it depends upon your danger profile,” he commented. “However we’re going to require all of those, and if we enter an inflationary environment the costs of all of those are increasing.”
See the interview above for more from McEwen and Meding on gold and copper.
Do not forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct financial investment interest in any business pointed out in this post.
Editorial Disclosure: The Investing News Network does not ensure the precision or thoroughness of the details reported in the interviews it performs. The viewpoints revealed in these interviews do not show the viewpoints of the Investing News Network and do not make up financial investment recommendations. All readers are motivated to perform their own due diligence.
From Your Website Articles
Associated Articles Around the Web