Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Mine closures, what will this mean to metal prices?

While ounces produced may be down in 2020, the margins for gold miners may be better. A number of precious metal producers are reducing production due to government restrictions in response to concerns around the pandemic.

"[The seniors] may produce less ounces, but I think the potential for them to generate more margin on each ounce is pretty good," said Mazumdar.