Dearth of Mid-Cap Gold Companies Could Force Diversification

Source:

National Bank Financial Managing Director and Mining Group head Gordon J. Bogden said Monday that a dearth of mid-cap gold companies, combined with “a shortage of decent projects” could force the diversification of pure gold companies.

National Bank Financial Managing Director and Mining Group head Gordon J. Bogden said Monday that a dearth of mid-cap gold companies, combined with “a shortage of decent projects” could force the diversification of pure gold companies.

In a presentation to the Prospectors and Developers Association Conference in Toronto, Bogden declared that the mining industry “shot itself in the foot” by not spending enough money for exploration, resulting in a shortage of decent projects available to gold companies.

To compound the situation, Bogden suggested that global exploration spending may not have increased quickly enough to meet today’s needs.

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