Tom Palmer, CEO of Newmont, talks about why gold’s price floor is rising higher, and how inflationary pressures and supply shortages are affecting the mining industry.
Palmer spoke with David Lin at the PDAC 2022 Convention in Toronto.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
0:00 – Gold market outlook
3:49 – Gold mining profit margins
7:13 – Supply chain issues in gold mining
9:06 – Oil costs and gold mining
9:55 – Inflation
12:21 – Strongest drivers of gold price
15:43 – Explorations or acquisitions
16:51 – The Fed raising rates
18:35 – Why not hoard gold?
19:34 – ESG in mining
24:24 – Newmont’s projects
#gold #mining #inflation
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19 Comments
One day up and next day down and then somedays sideways 😂🤣😅😆😅🤣😂thats the everydays bullshitt news from bullshitt kitco
He disagrees that ESG is a scam by quoting Black Rocks CEO… If you know you know.
Good to see David looking for chinks in the armor, I'm sure if there was one, a CEO still has a responsibility to not disclose and paint his company in the best light possible.
Bring on that $1500 ready to stock up on it… unfortunatelly will not happen! Just watch from the beggining of August! We get a taste of what’s coming later…
Zero is probably the floor
bs interview
Gold looking more like $1,200 and Bitcoin to $40,000 in the short-term. Gold is a worthless relic. All you gold bugs are dying a slow financial death as the bullion banks slowly crash gold and silver through paper contracts.
Fantastic interview – thanks Kitco! 🙏🏼🙏🏼
People saying if physical gold goes to 1500 I will buy a lot. No you won't because if you could you would be already buying it now at 1800. Inflation is seeping into every part of consumer spending so your cash has less purchasing power every day. Plus whether you buy coins or bullion or jewelry the premiums and transaction costs are increasing daily.
Newmont sounds very "woke"
Climate change is a myth mostly played by American politicians. It is not science.
the ESG brainwash is strong with this one
ESG is a globalist compliance cartel. Certain interests have monopolized the rules to eliminate competition under the quize of the environment and the public's interest.
Regardless of all investment, buy of gold including , Investing in crypto markets trading still remains one of the best ways of getting out of poverty and obtaining financial freedom in this global economy pandemic
'Them' coveting your bank accounts, today.
'Them' confiscating your gold, tomorrow.
Them! The name of an old b/w Hollywood movie,
…ants become giants before they ain't no more.
Born-again/Rapture…The ONLY Escape !
Celcius CEO is super busy trying to erase from the web the debate he had with Peter Schiff several months ago.
The silver is mine and the gold is mine,’ declares the LORD Almighty.
Gold price inflation is the another best way to help Russia continue to obliterate and dominate Ukraine.
This woke CEO should focus on mining gold and not being a left wing social justice warrior.