The annual Denver Gold Forum, which ended on Wednesday, is a good barometer for the state of the gold mining sector. And if this year’s show is any indication, sentiment in the industry remains pretty weak.
Deutsche Bank analysts Jorge Beristain, Chris Terry and Wilfredo Ortiz attended the show. They said year-over-year total attendance was down 12 per cent, which is not too surprising after three miserable years in the sector.
More importantly, they said most companies and investors at the show did not expect precious metals prices to turn around anytime soon in U.S. dollar terms. That meant cost cuts were in the spotlight, as they have been for some time.
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