(NewsDirect)
Greatland Gold PLC managing director ShaunDay discusses the impact of high gold prices on the economics andpotential of the company's projects in an interview withProactive's Stephen Gunnion.
Dayhighlighted that the high gold price significantly boosts the value ofGreatland Gold's projects, especially Havieron, which is noted forproducing superior economic returns throughout various market cycles.With gold trading near record highs and a substantial resource base of8.4 million ounces, the company is focused on transitioning moreresources into reserves, enhancing their value under the currentpricing conditions.
Additionally,Day pointed out the concurrent strong performance in copper prices,which also benefits Greatland Gold, given their assets include about20% copper.
Looking ahead, heexpressed optimism about the gold market, citing upcoming interestrate cuts and ongoing geopolitical risks as factors likely to supporthigher gold prices. This environment, he believes, will beparticularly beneficial for gold companies, including Greatland Gold,which is well-positioned to leverage its significant gold inventoryand favourable Australian operating conditions to enhance companyvaluations, especially in a strong USD and weak AUDscenario.
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