Kitco News continues coverage of Gold Stock Analyst Investor Day with Franco-Nevada's CEO David Harquail, who says that despite most wealth in mining being generated from new discoveries, he thinks investors are not interested in exploration companies these days. "Now [investors are] rewarding companies like ourselves that do no exploration...and companies that are actually doing exploration have a discounted valuation," he notes, adding that if exploration were to completely shut down the price of gold wouldn't be impacted. "The reality is if there were no new gold mines, there would still be a very vibrant gold market," he says. Kitco News, February 23, 2015.Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews --- Kitco News on Facebook: http://facebook.com/kitconews --- Kitco News on Google+: http://google.com/+kitco--- Kitco News on StockTwits: http://stocktwits.com/kitconews