MARKETS SPECTATOR: Gold finishing last

Sirius Resources’ boss says the commodities rout will force mine closures, with gold the primary casualty.

Sirius Resources' Mark Bennett believes the fall in commodity prices, led by the gold price falling below $US1300 for the first time since September 2010 overnight, will force closures in marginal base and precious metal mines after a bubble pushed some companies to open them.

The nickel and copper miner's managing director, who has worked for 30 years for oil, gas and base and precious metal miners, says gold mines are the most likely to close in this current environment.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles