PDAC 2020 | Day 2 Update

TL;DR

PDAC president discusses the current atmosphere at the convention, while gold companies express optimism about the sustainability and potential increase of the gold price.

Transcript

I'm Charlotte McLeod with the investing news network it's day two of PDAC and our team is still on site covering the show today's highlights include an interview with PDAC president Felix Lee who spoke about the atmosphere at the convention so far the corona virus remains a key topic of conversation and he said that PDC continues to evaluate the en... Read More

Key Insights

• 🦺 PDAC continues to prioritize the safety of attendees amidst concerns about the coronavirus.
• 💦 The mining industry is working towards improving its environmental and social impact, but public perception remains a challenge.
• 🏅 Gold companies have a bullish outlook on the sustainability and potential increase of the gold price, citing factors such as supply-demand dynamics, new projects, and exploration.
• 🏅 The gold price in different currencies, such as Brazilian reais, is also a significant consideration for gold companies.
• 😄 Uncertainty in the world markets and the possibility of easing interest rates by the Federal Reserve are expected to drive interest in gold.
• 🏅 Respondents on Twitter also believe that the gold price is not sustainable at its current level and expect it to increase.
• 🎮 Video interviews with industry experts are available on YouTube for more insights from PDAC.

Questions & Answers

Q: What did PDAC president Felix Lee say about the atmosphere at the convention?

Felix Lee mentioned that the coronavirus remains a key topic of conversation, and the safety of attendees is being evaluated.

Q: How do people at PDAC perceive the mining industry's environmental and social consciousness?

The general consensus is that the mining industry is becoming more environmentally and socially conscious, but there is still a lot of work to be done to change public perception about the industry.

Q: How do gold companies view the sustainability of the gold price?

Some gold companies believe that the gold price is currently low and should be higher based on the cost of production. They express optimism about potential new highs and steady increases in the near term.

Q: What factors do gold companies consider when assessing the sustainability of the gold price?

Gold companies consider factors such as supply-demand fundamentals, the need for new projects and exploration, and the gold price in different currencies like Brazilian reais.

Summary & Key Takeaways

• PDAC president Felix Lee addresses the ongoing conversation about the coronavirus and mentions that the safety of attendees is being evaluated.

• Protests outside the Convention Center highlight the need to change public perception about the mining industry's environmental and social impact.

• Gold companies express optimism about the sustainability and potential increase of the gold price considering factors like supply-demand fundamentals, exploration, and economic terms.