Jun 12, 2019 Guest(s): Cal Everett President, CEO & Director, Liberty Gold
The gold mining space is facing a major cash crunch, and besides waiting for the price of gold to alleviate pain, the key to survival may be to look at the senior producers who are managing costs efficiently, this according to Cal Everett, CEO of Liberty Gold.
"The sale side of the industry is still fractured. So if you wake up in the morning and look at the volumes on 50 or 100 juniors, 20 of them won't even trade for an hour and a half. That's the nature of the market, but there's volume on the big producers," Everett told Kitco News on the sidelines of the 121 Mining Investment conference in New York.