Investors are fed up and Lassonde seems to empathize with them. He said that in the 1960s and 1970s, when gold was about $35 per ounce, $1 in exploration spending would yield $100 in return. Despite record gold prices during this bull run, over the last 10 years $1 in exploration spending has returned only $11.“Investors are voting with their money. They are out of the deal,” he said during his presentation in Denver.
Franco-Nevada Chair Urges Gold Miners To Invest In Technology
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