BHP seeking buyer for gold, copper mines in Brazil
The group is planning to sell the Brazilian copper and gold assets it acquired with the takeover of Oz Minerals.
The first time Nick Barisheff, president & CEO, BMG Group spoke at the Empire Club was in 2005 and he said then, that it would not matter to bullion investors if gold ended the year at $400/ounce or $500/ounce, based on the long-term price outcome. Gold ended the year at $513.
Gold had a good year in 2019, rising about 18%. Since 2000, gold has averaged 11% annually in the major currencies, with 9.7% in USD and 8.8% in Canadian.
As we enter 2020, the question we have to ask is: How close to the edge of the cliff do we dare to go?
In his recent speech, Barisheff provides an outlook for gold at the Empire Club of Canada forum.
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