Gold’s recent rise giving miners and investors something to dig
With gold prices hovering around $1,500 per ounce, there's an energy and optimism around the mining space that hasn't been there for years.
"I think the higher metal prices can really change the economics of opportunities that were shelved or on the back burner for other companies," MAG Silver CEO George Paspalas said on the conference sidelines."When you plug the new numbers in, it can become very interesting.” A sector banker said the favorable gold prices make it a good time for the companies to start welcoming bidders for assets that were shelved when gold was hanging around or below $1,200 per ounce.also reported that IAMGOLD was considering selling a stake in its Cote gold project, potentially one of its larger producers that wasbecause it will take more than $1.1 billion to develop.
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