The mining sector faced challenges in 2013 not unlike some of the challenges we see today, but while some hurdles remain, others have evolved. Rick Rule of Sprott Asset Management joined Kitco News on the sidelines of the PDAC 2013 convention in Toronto.
While dwindling reserves was a threat to miners, “the other challenge, of course, is that while we’re not at peak oil, or peak copper, or peak gold, we do seem to be at peak engineer, or peak geologist; the ability to not only attract trained people, but good trained people,” Rule said. According to many analysts, geologists, and experts today, peak gold has already been reached in the past recent years.
