“Our lending commitments to the metals and mining sector at BMO have doubled over the last five years, and a lot of that has really been in the last couple years.”
Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.
The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.