On the sideline of the Xplor mining conference in Montreal, Quebec, Michael Gentile, director and strategic advisor for Radisson Mining Resources, said that sentiment in the junior mining resource sector is worse than in 2015, when valuations fell to historic lows. However, he added that this is when investors want to jump into the market. Although gold and silver prices can still move lower, looking at the macro landscape, Gentile said he is confident that the precious metal market is carving out a bottom.
0:00 – Overview of mining sector
1:00 Financing is the junior mining sector’s biggest challenge
2:50 Fed rate hikes causing havoc in the global economy
3:50 Look for well financed junior explorers in this market
5:40 Radisson Mining significantly undervalued
8:20 Radisson looking to update O’Brien resource in 2023
10:00 with the gold price bottoming now is the time to be in this market
14:16 Despite its down trend gold continues to outperform bonds and equities
#mining #gold #stocks
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