Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
RBC Capital Markets held its fifth annual Gold Conference at Claridge’s in London yesterday. The conference brought together senior executives from the industry’s leading mining and production companies and addressed the latest issues to impact the sector. Opening the conference, Doug Guzman, Head of Global Investment Banking, RBC Capital Markets, said: “As the global economy recovers from a recession, second only to that of 1929, we are truly at a remarkable time in the gold market. Compared to our first London conference in 2005 when gold was $468/oz, gold is now at an all time high of $1,117/oz. (more…)
