The mining business was bested by rivaling hashish shares which attracted considerably extra capital final yr, and the miners themselves are at fault for this, mentioned Kerry Smith, vice chairman 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 advised Kitco News on the sidelines of the 121 Mining Investment convention in New York.
Social media presence can be key, Smith mentioned, and that’s an space that newer sectors like hashish and bitcoin have achieved extra prominently.
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