(Kitco News) – With the mining industry finally entering its “good times” phase, the next major problem on the horizon is the increasing metal deficits, according to Wood Mackenzie’s research director Mike Sinden.
“The state of the mining industry is quite strong. Over the past few years we’ve seen financial discipline, return of dividends, shareholder buybacks, and a lot more scrutiny around sustaining CapEx. Today, we are back to good times. We returned to high-margins in the industry,” Sinden told Kitco News on the sidelines of The Prospectors & Developers Association of Canada (PDAC) held annually in Toronto. read more…Go Back