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This interview was filmed on August 12, 2022.
US dollar strength is weighing on gold, but Randy Smallwood, president and CEO of Wheaton Precious Metals, is encouraged to see the metal putting in a new price floor.
“I really do think that we’ve established a new floor, a new basement for gold,” he said, adding that he wouldn’t be surprised to see gold move higher in the fairly near future.
Smallwood also spoke about Wheaton’s latest quarterly results, released on August 11.
#Investing #Gold #Silver
0:00 – Intro
0:30 – Gold price establishing a new floor
3:05 – How inflation is impacting miners
6:51 – Why Wheaton lowered guidance (Salobo)
9:58 – More on guidance (Stillwater, Keno Hill)
13:05 – Metals sales and shareholder sentiment
16:27 – ESG important, but hard to measure
19:29 – Wheaton’s acquisition criteria and plans
23:37 – Outro
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