Steve Todoruk: Deglobalization is Creating the Next Mining Boom

About this episode

Steve Todoruk discusses the mining sector and investment opportunities in gold, silver, and copper amidst deglobalization and geopolitical tensions.

Tom welcomes Steve Todoruk, a geoscientist and investment executive with Sprott Wealth Management, to discuss his extensive experience in the junior mining sector and his current focus on identifying promising investment opportunities in gold, silver, and copper. Steve’s background in running mining companies has given him a unique perspective on the industry, enabling him to appreciate the challenges and opportunities faced by mining companies and investors alike. He highlights the strong fundamentals supporting gold prices, including central banks’ increased gold holdings and the metal’s scarcity. Steve believes that gold prices will remain robust as long as central banks continue to accumulate gold, and he sees no immediate signs of a market top. Todoruk also emphasizes the importance of cost management in mining, noting that as long as mining costs remain under $2,000 an ounce, mining companies should continue to make strong profits. The discussion touches on the impact of geopolitical tensions on gold and silver prices, with Todoruk expressing satisfaction with the metals’ performance despite recent market volatility. He also notes that higher metal…

People in this episode

Host: Tom Bodrovics

Guest: Steve Todoruk

Topics covered

• mining
• investment
• geopolitical tensions
• gold prices
• cost management

Keywords

• mining boom
• investment opportunities
• gold prices
• geopolitical tensions
• cost management

Mentioned in this episode

Organizations: Sprott Wealth Management

Products: gold, silver, copper

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