Mon, Sep 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Iamgold sees ‘peak gold’ forging $2,500 price

Posted on 18 January 2013

Iamgold Corp. (IMG), the gold producer with mines in Canada and Mali, says the metal will rise to a record $2,500 an ounce as global output peaks and ore grades decline. The industry has exploited its best-quality gold reserves and is being forced to tap lower-grade and higher-cost deposits, Iamgold Chief Executive Officer Steve Letwin said.
“I really think now we are at Peak Gold,” Letwin, 57, said in a Jan. 10 interview at his company’s Toronto headquarters. “Nobody has seen the kind of production profiles they thought they were going to see.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36706 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930