What Bitcoin And Cannabis Did Right That Miners Didn’t
The mining industry was bested by rivaling cannabis stocks which attracted significantly more capital last year, and the miners themselves are at fault for this, said Kerry Smith, vice president and senior mining analyst of Haywood Securities.
“The leadership has to start with the seniors, the producers. We’ve had an industry over time that hasn’t delivered good returns to investors, squandered a lot of shareholder capital by making poor acquisitions and if we can’t return capital to shareholders through meaningful dividends or share buybacks or stock appreciation, then nobody is going to invest in the sector,” Smith told Kitco News on the sidelines of the 121 Mining Investment conference in New York.
Social media presence is also key, Smith said, and that is an area that newer sectors like cannabis and bitcoin have done more prominently.
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subs....cription/newsletter.
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.