He Says He's The "Laziest" Mining CEO

Written by MrStockFox. Posted in Videos

Kitco News continues coverage of Gold Stock Analyst Investor Day with Franco-Nevada's CEO David Harquail, who says that despite most wealth in mining being generated from new discoveries, he thinks investors are not interested in exploration companies these days. "Now [investors are] rewarding companies like ourselves that do no exploration...and companies that are actually doing exploration have a discounted valuation," he notes, adding that if exploration were to completely shut down the price of gold wouldn't be impacted. "The reality is if there was no new gold mines, there would still be a very vibrant gold market," he says. Kitco News, February 23, 2015.