Radisson Mining CEO gives outlook on gold, miners, and company performance - Rahul Paul
(Kitco News) - Rahul Paul, CEO of Radisson Mining Resources, discusses withDavid Lin, anchor for Kitco News, the outlook for the gold sector.
According to Paul, the precious metal is well positioned formore upside.
"The U.S. inflation rate is the highest we've seen in13 years. Typically, the Fed would hike interest rates to keep inflation undercontrol but U.S. government debt is at a record high of close to $29 trillionand that in turn makes it a lot harder for the Fed to raise rates, because arate hike would have a very significant impact on the ability to service allthat debt. This time around, I would say inflation pressures are going to bemore persistent, and this is the kind of environment that gold tends to shinein," he said.
On mergers and acquisitions activity in the gold miningsector, Paul said that there has been a number of notable transactions in thepast year.
"2021 has been a busy year for M&A. We've seen anumber of transactions, many involving Canadian gold projects. Notabletransactions this year include the acquisition of Monarch by Yamana, QMX byEldorado Gold, Battle North by Evolution Mining, Premier Gold by Equinox, andmore recently, Kirkland Gold by Agnico. I think this trend is only going topick up going forward," he said.
For more information on Radisson Mining Resources'operations, watch the video above.
Follow David Lin on Twitter: @davidlin_TV
Follow Kitco News on Twitter: @KitcoNewsNOW
By David LinFor Kitco News
Follow @davidlin_TV
dlin@kitco.comwww.kitco.com