The junior exploration sector has seen a flood of investment capital in the last few months as gold prices have pushed to record highs; according to one analyst, the industry remains undervalued and there is further investment potential.
In an interview with Kitco News, on the sidelines of the virtual Beaver Creek Precious Metals Summit, Joe Mazumdar, editor of exploration insights, said that he recently looked at senior producers and compared how much they are spending on exploration and how much is going to cover general and administrative (G&A) expenses.
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