Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
Lundin Mining Corp., the base-metals company founded by the billionaire Swedish Lundin family, likely has one or two more acquisitions in its future — but is in no rush to get there.
“We’d like to have five or six operating mines that all have a decent life and a decent quality,” Chief Executive Officer Paul Conibear said in an interview this week from the company’s Toronto headquarters. “We have four now.”
