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Gold mining profit margins are best ever now, Lassonde tells Kitco News
12:20a ET Wednesday, September 16, 2020
Dear Friend of GATA and Gold:
Mining entrepreneur Pierre Lassonde, interviewed this week by David Lin of Kitco News, says gold mining profit margins are now the best they have ever been and likely will get better as the gold price increases and energy costs stay low.
While Lassonde often has been cautious in his gold price forecasts in the past, he could hardly be more bullish now, arguing that a gold price of $15,000 or even $20,000 an ounce is possible, along with a 1-to-1 gold-to-Dow ratio.
Whether central banks will permit that much success for gold was not discussed in the interview.
... Dispatch continues below ...
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Lassonde also reflects on his long career with miner and then royalty company Franco-Nevada, which he co-founded and from whose board he recently resigned, and his new enterprise as a mining financier.
The interview is 33 minutes long and can be viewed at Kitco here:
https://www.kitco.com/news/2020-09-15/Pierre-Lassonde-on-20-000-gold-pri...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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