Now Is The Time To Look At Gold, Silver Before Prices Take Off - Mining CEO
(Kitco News)- Although gold equity companies continue to struggle to attract investorinterest, one of the market’s newest gold producers is expecting it’sonly a matter of time before sentiment will shift.
In an interview with Kitco News, Ken Berry, CEO of Northern VertexMining Corp. (TSX.V: NEE), said that there has been no better time forinvestors to look at commodity markets. He added that he expects interest ingold, silver equities to continue to build.
“If we are not at the bottom of a cycle then we are very close and thisis when the smart money positions itself.”
Berry added while there is unprecedented potential throughout thecommodity sector, investors still need to be patient.
“Right now it’s all about timing,” he said. “Will prices behigher in three months, probably not but at some point, the market isgoing to turn higher.
Berry added that he is particularly excited to be a gold producer as hesees strong potential for higher prices as the U.S. dollar remains in a long-term downtrend.
He added that companies like Northern Vertex, the market’s newest goldproducer, will be the ones that will be able to attract investor capital.
“The market right now is very selective,” he said. “If you have a provenmanagement team, and a solid asset then investors will pay attention and thatis exactly what we have.”
Northern Vertex has gone from a junior explorer to a junior goldproducer as it saw its first gold pour in the first quarter of 2018 from itsMoss project in Western Arizona. Berry said that they are currently commissionoperations and working toward commercial production. Northern Vertex isprojected to produce 42,000 equivalent gold ounces per year.
VIDEO: Liquid #gold! @Northern_Vertex continues to move forward with its goal to produce 40k ounces of #gold after it first pour in Q1 2018 | @neils_C visits Moss Mine | Stay tuned for more! | pic.twitter.com/v9OdRYqUG9
— Kitco NEWS (@KitcoNewsNOW) April 20, 2018He added that the company’s goal is to get to 100,000 plus ounces of goldannually.
Looking back, he said that while it hasn’t been an easy journey, he islooking forward to the next stage for his company.
“Once we get our production up the opportunities for growth aretremendous,” he said.
As to what will be the catalyst for miningstocks, Berry said that the continued uptrend in gold and silver prices will eventuallybring investors back to the marketplace.
Berry's comments come as gold prices remain in its well-established trading range. June gold futures last traded at $1,323 an ounce, down 0.75% on the day.
By Neils ChristensenFor Kitco News
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nchristensen@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.