The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

McEwen, Meding: Buying Gold Juniors Now, Watching Copper Demand Build

by admin February 17, 2024
February 17, 2024
McEwen, Meding: Buying Gold Juniors Now, Watching Copper Demand Build

Rob McEwen of McEwen Mining (TSX:MUX,NYSE:MUX) and Michael Meding of McEwen Copper sat down to speak about the outlook for gold and copper, as well as news from their respective companies.

For McEwen, the price trajectory for both metals is ‘higher,’ although copper’s gains won’t be immediate.

When it comes to gold, he has a long-term price target of US$5,000, and although the metal is well below that level, McEwen believes it’s moving in the right direction with strong reasons to buy backing it up.

He also discussed the disconnect between the gold price and gold stocks, commenting, ‘I find this is the time to be buying, and I have been buying juniors and adding to positions in companies. You just need to bear in mind it’s cyclical, and when it wants to run there are some very attractive gains to be made — and the stocks are cheap right now.’

For his part, Meding shared updates on McEwen Copper’s Argentina-based Los Azules copper project.

The company is looking to raise $100 million to move forward at the asset, whose backers include carmaker Stellantis (NYSE:STLA) and Nuton, a Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) venture. According to Meding, the plan is to release a feasibility study for Los Azules by the first quarter of 2025.

‘There is a very interesting demand scenario coming up for copper, and I think that Los Azules is the right project at the right time — lots of additional blue sky,’ he said, noting that the limits of the orebody haven’t yet been found.

McEwen’s closing words focused on strategy. ‘The mining sector has been ignored. It’s often been said that contrarian investors make money in the market. Now’s the time to be a contrarian — buy what’s ignored,’ he said.

Watch the interview above for more from McEwen and Meding on gold and copper.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Multiple High-Grade Hits with Visible Gold Intercepted at Cork Tree Well
next post
AI security infrastructure needed after ‘malicious’ foreign actors use OpenAI to train operatives, expert says

Related Posts

5 Best-performing Copper Stocks on the TSX in...

October 18, 2024

Lithium and Niobium Anomalies Defined at Mt Gordon

May 22, 2024

Joe Cavatoni: Gold’s Next Price Catalyst After Record...

July 24, 2024

Charbone Hydrogen is More Than Doubling its Phase...

June 27, 2024

Providence Gold Mines

February 18, 2025

Oil and Gas Price Forecast: Top Trends That...

December 25, 2024

First Assays Confirm Thick Copper Zone and Significant...

May 2, 2024

Private Placement

December 16, 2024

Multiple Lithium Anomalies Enhance Prospectivity of Solonópole Project

February 13, 2024

The United States Department of Defense Awards Multi-Million-Dollar...

November 30, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,436)
    • Investing (3,548)
    • Politics (4,794)
    • World (4,689)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved