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.
Robert Quartermain’s refrain in a Pretium Resources (TSX: PVG) presentation at the Hard Assets conference in New York, May 9-10, was: “This is why I came out of retirement.”
Quartermain, Pretium president and CEO, was referring to the high-grades of gold at the Brucejack project in BC, Canada, where drillholes have numerous times hit gold measured by kilograms per tonne, not by the usual grams or fractions of ounces per tonne.
