SOURCE: Industrial Info Resources

Industrial Info Resources

February 19, 2015 06:00 ET

Mining Executive: To Fix Gold's Problem, Leave More of It in the Ground, an Industrial Info News Alert

DENVER, CO--(Marketwired - Feb 19, 2015) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The last few years have not been kind to companies that mine gold. The price of gold has plunged about 33% from a high in late 2011, to a current level of about $1,200 per ounce. The stock prices of publicly traded gold producers have been hammered. While the decline in industrial demand is one reason for the dimming fortunes of gold producers, a longtime gold-industry executive recently told a Metals & Minerals conference in Denver that the industry could improve its fortunes by leaving more of the metal in the ground.

Within this article: Reports from the annual conference of the Colorado Mining Association.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    William Ploch
    713-783-5147