Without much higher gold prices, miners, especially the juniors, will have a tough time financing further operations, said Ron Hochstein, CEO of Lundin Gold. “I think without a rally it’s going to be extremely difficult for companies that want to develop to move forward,” Hochstein told Kitco News on the sidelines of the Denver Gold Forum. The CEO noted that low all-in sustaining costs are key to surviving in this environment, citing his own company as an example.
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