The focus this year at the Denver Gold Forum and the Precious Metals Summit was on the longer-term positive price trend. These events, which took place the other week, is attended by the managements from essentially every gold producer. Most gold developers also attend these events.
Gold Price (USD)
Source: Bloomberg
Gold producers continued to reiterate their commitment to capital discipline and maintaining low costs. Gold stocks generally carry yields well under 1%. It looks now as if the industry may be gaining the financial strength to offer yields that outperform gold’s 0% yield. This may attract more investors.
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