Majors Are Running Out Of Mine Life, Says This Veteran Miner

New York (Feb 27)  While the senior producers are busy buying each other, investors are diverted away from the fact that these large miners are running out of mine life and need to start buying fresh deposits, said Rudi Fronk, chairman & CEO of Seabridge Gold.

“The elephant in the room that nobody talks about, even with these mergers that are going on, is that the mine life that the big gold companies have left is about 10 years. They need to find new projects and now they’re starting to look for those opportunities,” Fronk told Kitco News on the sidelines of the Gold Stock Analyst Investor Day

KitccoNews

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