Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining sector. Due to the expansion of gold prices this year, coupled with falling energy prices, margins in the industry have never been better, he noted.
0:33 - The best margins the industry has ever seen
4:07 - Is it too late to buy mining stocks?
5:23 - Exploration budget to increase
7:57 - Rising mergers and acquisitions activity
11:27 - $20,000 gold price and Dow-gold ratio
18:15 - Royalty companies
20:49 - COVID and risks
22:26 - History of Franco-Nevada
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