Wednesday, April 1, 2020

Mine Closures, What Will this Mean to Metal Prices Moving Forward?


While ounces produced may be down in 2020, the margins for gold miners may be better. A number of precious metal producers are reducing production due to government restrictions in response to concerns around the pandemic. 

"The seniors may produce less ounces, but I think the potential for them to generate more margin on each ounce is pretty good," said Mazumdar.

- Source, Kitco News