Gold Near $3,000: Why Mining Stocks Aren’t Soaring
Is the mining industry facing a crisis of investor confidence? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Kevin Murphy, Research Director for Metals and Mining at S&P Global Market Intelligence, at the 2025 Mines and Money Conference in Miami. Murphy discussed the current state of the commodity cycle. He highlights the divergence in commodities, with gold prices flirting with $3,000 an ounce while others like nickel and zinc struggle. Murphy also addresses the difficulties junior mining companies face in securing financing and the impact of past debt and changing investor attitudes. Murphy touches on M&A activity, shareholder returns, and the need for the mining industry to better advocate for itself to attract generalist investors.
Key Points:
– Commodity divergence: Gold and copper perform well, others lag
– Junior financing: Raising capital remains a challenge
– Investor trends: Lack of interest in mining, need for better advocacy
– M&A: Cautious approach expected
– Gold market: Poised for a potential breakout
Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.
00:00 Introduction: Understanding S&P Global Market Intelligence
00:57 Current State of the Commodity Cycle
02:21 Trends in Mining Finance
03:21 Challenges for Junior Miners
08:02 Debt and Financing in the Mining Sector
10:02 Mergers and Acquisitions in Mining
12:58 Returns to Shareholders and Industry Challenges
16:01 Future Trends and Predictions for 2025
Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold)
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#mining #investing #gold #commodities
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24 Comments
Central banks don't buy gold stocks and the retail investors aren't buying gold stocks, yet. Bitcoin has stollen some of the gold stocks thunder. Bitcoin is near the end of its bull cycle. Golds bull cycle is just started and will be much longer. The mining sector is terrible. As Rick Rule says, only in the gold mining sector can the price of the product go up ten fold and the companies mining the product lose money 😅. Most mining companies are trash. Some are spectacular. Choose very wisely.
more opportunity for me to scoop up them 😉
Low Oil to gold is beneficial to miners too
that dudes working too hard – needs a week in the sun
The junior gold miners are so cheap!!
Excellent as always. ❤❤
I will answer the question in the title…Because the mining sector literally SUCKS. GDX is at the same level it was 20 years ago when Gold was 700 per ounce. That's all anyone needs to know about the mining sector.
What is Mullet doing on this show? Google Bullet Tooth Tony if ya don know wa I meen
Imagine how bad these mining stocks would be if Gold was back down at $2,000 or below.
His answers are so political. Take some risk my friend! Let’s hear what you really think.
The lack of likes and comments is mind blowing….
I am SO fustrated with NEM , with gold at an all high for many months, already, and I am still in the red with one of the biggest gold companies in the world !!!
At least, my AEM stock , hasn't let me down , this year !
World has its biggest buyers in central banks and now gold companies don’t want to capitalize . . . 😂
No, the companies killed the investors too badly too often, and so I absolutely avoid individual mining companies. Its only a stroke of luck that ever made me money with them. As for the ETFs, they are heavily shorted, so timing is everything trying to invest in them. Wouldn't it be great if mining companies didn't borrow, made lots of money, paid dividends, grew,and made buybacks? Then the stocks would go up.
Don't forget the sequence
Gold price then large caps miners then small caps.
Naked short selling crime is why stocks go no where,
I had to agree with one of the comments made about the dividends not going up. That is definitely a big factor. Until the dividends go up 2x, 3x, 10x then there will be very little interest in the sector.
Mining companies are in business for 2 reasons, to stay in business and make the executives wealthy ,shareholders are a meer inconvience.
Mining is sketchy
We're doomed
There's ALWAYS a reason why the mining stocks you bought are big losers, not the 10-baggers you were promised. SO glad I don't gamble in this space anymore!
Retail buyers are still sleeping. Gold is soaring due to all other factors but retail buyer investment. When this changes junior mining stocks will moon. Patience…
There's a huge correction coming this year & that will be the best time to buy.
Mining companies have ruined there own space by using share holders as a piggy bank