Video: Production, Reserves To Keep Declining Unless Miners Do This - Joe Mazumdar

Production is declining and miners aren't replacing reserves, these were two issues discussed between Kitco News' Daniela Cambone and Exploration Insights' Joe Mazumdar during the PDAC convention in Toronto. "If gold price stays at $1,250 and people continually book reserves at $1,250, there's not a lot of projects that make sense at that price," he said. "Hence, we've seen a lot of reserves go down so the only way, we think, to replace quality reserves at $1,250 is we need grassroots exploration."