Tuesday, October 04, 2016

Miners Up Over 100% YTD, 
Now They Need To Focus on This 
As the mining sector -- alongside the gold and silver markets -- continues to benefit this year, with some companies up over 100% year to date, one managing director of Moelis & Company says it’s time the management teams focus on reducing debt. “I think there are a number of miners that are over-levered,” Patrick Loftus-Hills tells Kitco News. As for the gold price, he remains optimistic. “Uncertainty is very good for the gold price,” he says .. “There’s a real chance that the gold price moves substantially higher as a result of that uncertainty leading up to the election, and potentially post-election.” .. 5 minutes

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