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Mixed mood at the PDAC

At the world's most important mining trade show, the Prospectors and Developers Association in Toronto, the mood is partly one of concern

(PresseBox) (Herisau, )
Investors are concerned about rising inflation, a looming recession and economic policy. On the one hand, prices for various commodities are high because of supply chain problems, rising demand and the effects of war. On the other hand, the current performance of the stock market is testing investor confidence. Research director and head of mining studies at S&P Global, Mark Ferguson laid out in a presentation at PDAC that exploration budgets have increased significantly. These have exceeded $11.2 billion in 2021. Exploration funding, on the other hand, has not grown as much. So even though there are funding issues right now, the market capitalization for the mining sector as a whole is increasing. This year, Ferguson said, mining budgets will be up five to 15 percent. The main driver here, he said, is gold and copper exploration.

Nicky Shiels of MKS PAMP sees investor focus on gold. She expects more money to be pulled out of energy and into gold. That's because gold's appeal as a hedge against inflation is growing. Price-wise, however, it is difficult to forecast, she said, because the future price of gold depends largely on what the Fed's actions will be to suppress inflation. When prices are cheap, as gold is currently being pushed down in price by a firm U.S. dollar and rising bond yields, take the opportunity to look at companies like Osisko Gold Royalties or Empress Royalty. As royalty companies, both offer diversification. Empress Royalty - https://www.youtube.com/watch?v=ObOa2BGw5MM - has silver and gold investments in Peru, Canada and Mexico. Osisko Gold Royalties - https://www.youtube.com/watch?v=rtYSi4SouAE&t=19s -has more than 160 royalty and precious metal acceptances in its portfolio.

Latest corporate information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/...).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/....

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.