Continuing our coverage of PDAC at CPM’s
Silver Reception, Kitco News speaks with Pan American Silver chief Geoff
Burns to see how his company is holding up with lower silver prices.
“At current prices, there’s not a lot of deposits that make money,” he
says. “It can’t stay at this price very long.” According to Burns, gold
and silver prices should be headed higher given current market
conditions and continued easing by central banks around the world. “At
the end of the day, when you print currency, commodities have to be
worth more,” he says. “When you have more money, then things of value
like silver and like gold eventually have to go up.” Burns also comments
on recent changes made to senior managements at his company and what it
means for the business. Tune in now for more coverage from the world’s
largest mining conference. Kitco News, March 2, 2015.
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