Mining News — Here Are Some of the Highlights from PDAC 2024 in Toronto
The Prospectors & Developers Association of Canada (PDAC) convention was held this week — a rock star event for the global mining industry! — in Toronto.
This event is a must-have on the calendar for any students, investors, strategists or futurists who have an interest in staying up to date on what’s happening across the mining industry. Here are some of the main highlights from this year’s PDAC:
- Mining CEO Of The Year 2023 winners are Agnico Eagle Mines’ Ammar Al-Joundi and Snowline Gold’s Scott Berdahl
- Exclusive: Record gold price a product of global risks, Barrick CEO Bristow says
At the same time as this convention, the BMO Global Metals, Mining & Critical Minerals Conference was being held with some of the global mining CEOs. During the BMO conference, CEO of global mining giant Newmont spoke with reporters at Kitco Mining about the company’s prospects and strategy. See the link below for more information:
Newmont, based in Colorado of the United States, is considered to be the largest gold miner and producer in the world. The deal to acquire Newcrest, however, will give the company a significant global reach in copper production capacity in the near-term.
If you haven’t been following the gold price this year, then I have no idea what’s been taking your attention in the global commodities markets. Ever since inflation hikes and debt ceiling talks, gold has been at the top of the discussion of global markets.
Yet, with the volatility in geopolitical trends, such as the Israel-Hamas War, the gold price continues to rise above and below the threshold of $2,000 per ounce.
One of the reasons why this interview is important to global mining projects is because CEO Tom Palmer frames the key issues that the industry is facing with copper supply and demand in the future. He says that copper should be viewed as one of the critical minerals in the United States, Canada and Australia.
Read more about this global mining giant’s view on copper, energy transition and the Middle East Conflict in this edition of [Industry Talk Time] by Areas & Producers.
