The New Normal for Mining Companies
Janie Davies of Metal Bulletin talks with Frank Holmes during the 2015 Investing in Africa Mining Indaba conference to get his thoughts on the mining space right now. Beginning with a discussion on mining companies, Frank believes deal making will continue in this area of the market even during tough times. The key difference now is that deals will be based on the quality of a company, not the quantity of companies – he calls this the “new normal.”
Great quality companies in safe countries where the government isn’t going to interfere with the tax regime are being sought after. Frank also discusses the life cycle of a mine and how this has changed over the years, and even touches on the demand for other commodities outside of precious metals.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 12/31/2014: Procter & Gamble Co., Silver Wheaton Corp.
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