Investing News, Released on 9/20/21 (Recorded on 9/13/21)
*This interview was filmed on September 13, 2021.
After a lackluster summer and a price decline below the US$1,800 per ounce level last week, more investors are beginning to feel frustrated with gold’s performance.
Mining industry veteran Ross Beaty, who is chairman of Equinox Gold, remains as bullish as ever on the yellow metal, but said he’s surprised its price isn’t higher.
“I’m among the disappointed ones — I’m surprised gold’s not over US$2,000 right now,” he said. “I don’t know what it should be at, but I think it should be higher than it is.”
0:00 – Intro
0:17 – “I’m surprised gold’s not over US$2,000 an ounce”
3:15 – Gold equities incredibly cheap relative to metal
6:09 – How Equinox Gold is responding in this market
8:27 – Equinox Gold’s path to producing 1 million ounces
11:00 – Focus at Equinox Gold shifting to execution
15:06 – Why scale is important in the mining space
18:37 – Think long term and think about broad cycles
21:25 – Outro
Ross J. Beaty is an entrepreneur and businessperson who has been at the helm of 12 different companies and is Chairman for Equinox Gold Corp., former Chairman at Pan American Silver Corp. (which he founded in 1994), and Chairman for Regalito Copper Corp. Ross J. Beaty is also President & Director at Sitka Foundation and on the board of 5 other companies. He is the founder of 6 different companies, including: Pan American Silver Corp., Global Copper Corp. and Northern Peru Copper Corp.