PDAC 2020 | Day 1 Update

TL;DR

PDAC conference highlights Canadian mining initiative, Eric Sprott's focus on coronavirus, and Rick Rule's insights on gold price activity.

Transcript

I'm Charlotte McLeod with the investing news network and it's the first day of PDAC our team is here covering the show and a highlight from today so far has been an interview about the save Canadian mining initiative which is geared at reinstating the TIC test in Canada they talked about the damage it has caused since it was removed in 2012 and why... Read More

Key Insights

• 🏆 The Save Canadian Mining Initiative seeks to reinstate the TIC test and address the negative consequences of its removal.
• 👨‍🔬 Eric Sprott's firm is prioritizing research on the coronavirus due to concerns over its potential impact on the market.
• 🏅 Rick Rule suggests that the coronavirus has exacerbated existing market trends in the gold industry.
• 🤨 Canadian jurisdictions were absent from the top 10 globally for investment attractiveness, raising questions about improving Canada's standing.

Questions & Answers

Q: What is the Save Canadian Mining Initiative?

The Save Canadian Mining Initiative aims to reinstate the TIC test, which was removed in 2012, and address the damage caused by its absence.

Q: How is Eric Sprott's firm prioritizing the coronavirus research?

Eric Sprott stated that his firm is currently allocating more time to researching the coronavirus than focusing on gold and silver due to concerns over its potential as a pandemic.

Q: What did Rick Rule say about the coronavirus' impact on gold price activity?

Rick Rule mentioned that the coronavirus has amplified pre-existing market conditions, suggesting that it has influenced gold price activity.

Q: Why did the Fraser Institute survey highlight concerns regarding investment attractiveness in Canada?

The Fraser Institute survey revealed that no Canadian jurisdictions ranked in the top 10 globally for investment attractiveness, prompting questions about how Canada can improve in this area.

Summary & Key Takeaways

• The Save Canadian Mining Initiative and the reinstatement of the TIC test were discussed at the PDAC conference.

• Eric Sprott emphasized his firm's research on the coronavirus and its potential impact on the market.

• Rick Rule addressed the role of the coronavirus in gold price activity and its exacerbation of existing market trends.