All indications show that the gold price will increase - Lundin Gold's Ron Hochstein скачать в хорошем качестве

All indications show that the gold price will increase - Lundin Gold's Ron Hochstein

The generalist investor is warming to gold miners, said Ron Hochstein, president and CEO of Lundin Gold. Last week Hochstein spoke to Kitco Mining at the Gold Forum Americas/XPL-DEV 2024 in Colorado. Lundin Gold Inc. (TSX: LUG) is a Canadian mining company headquartered in Vancouver, British Columbia. The company’s 100% owned Fruta del Norte gold mine, located in southeast Ecuador, has been in production since late 2019 and is among the highest-grade operating gold mines in the world. It has probable reserves of 4.92 million ounces at an average grade of 8.7 grams per tonne of gold. Lundin Gold acquired the asset in late 2014, began construction in July 2017, and poured its first gold in November 2019. For 2024, Lundin Gold expects to produce between 450,000 and 500,000 ounces of gold at an all-in sustaining cost (AISC) of $820 to $890 per ounce. Hochstein anticipates growing interest in precious metal companies. "We're anticipating starting to see more interest in the equities," Hochstein said. "We've seen it in the bullion itself and the ETFs, but not in the gold equities. However, we are starting to see that because generalist investors are noticing the continued rise in the gold price." Coverage of the Gold Forum Americas/XPL-DEV 2024 is sponsored by Metalla Royalty. Key segments: 0:00 Clearing debt 2:04 Gold outlook 3:36 Economics at Fruta del Norte gold mine 4:45 Growing operations at Fruta del Norte gold mine 7:58 Ecuador discount 9:21 Single asset risk 10:15 M&A in the resource sector __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us Twitter -   / kitcomining   Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Michael McCrae -   / michaelmccrae   Paul Harris -   / paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.