In this article for Mining Markets, I argue that a major reset is still ahead for the mining sector.

Gold and mining investors often understand the damage caused by fiat currencies, but many of them have still destroyed capital by funding promotions, lifestyle companies, overvalued projects, and mining myths. The sector’s problem is not merely weak metal prices. It is a culture of speculation, irrational valuation, and promotion rather than disciplined value creation.

The reset in mining will be painful, but it will also create opportunities for investors who are willing to give up myths, focus on reason, and distinguish real value from hot air.

Read the archived article at Mining Markets via the Wayback Machine →