{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Bright Future for Investors & Gold Continues Gains","html":"","width":"100%","height":180,"duration":3019,"description":"Interview with Alex Black, Executive Chairman of Rio2 Ltd. and Hugh Agro, President & CEO of Revival GoldRecording date: 21st March 2024As the global economy navigates uncharted waters, gold is once again demonstrating its enduring value and appeal. In a wide-ranging discussion, two top mining CEOs – Alex Black of Rio2 Limited and Hugh Agro of Revival Gold – laid out a compelling case for why investors should be taking a shine to the yellow metal.Gold prices have been on a tear, notching impressive gains. \"In 20 years the gold price has quite tripled. In the last five years it's up some 65%, 10-15% in the last year. So look, the price of gold is performing, no question about it,\" noted Agro. Black pointed out that gold is trading well above the conservative price assumptions used by many banks, indicating further upside potential.But this is no flash in the pan. The CEOs see a structural bull market for gold, driven by a combination of rising demand and constrained supply. \"We're seeing step changes,\" explained Agro. \"We were at $1,250 there for five years. We went up to $1,850 for about three years and now we breached $2,100 and who knows what the next level is. Gold's doing what it's supposed to be doing.\"The supply side of the equation is equally compelling. \"15 years of relatively speaking underinvestment, or at least 12 years of underinvestment in the space, and that'll boomerang back,\" said Agro. As gold prices rise, major producers are expected to scramble to replenish depleted reserves and project pipelines. \"They will look to fill those pipelines, those cupboards that have run bare, and they'll scramble around to find projects that are either construction-ready or near to construction-ready,\" he added.This is music to the ears of CEOs like Black and Agro, who are advancing high-quality development projects. Black shared that Rio2 has already been approached by potential suitors. \"Since we got our approval in December we've had a few corporate approaches...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}