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.

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