Summary: Gold Forum Europe 2024

We participated in Denver Gold Group’s “Gold Forum Europe” held during April in Zurich, Switzerland. We’re delighted to share with you the key insights gathered from the conference.

 

The Conference Summary offers an in-depth analysis of the prevailing factors influencing the global gold markets. Furthermore, we took advantage of the opportunity to engage with several companies and have spotlighted significant developments.

 

Highlights

 

• Compared to last year, this year’s Gold Forum Europe saw a significant increase in attendance, giving us the opportunity to connect with numerous portfolio companies. This surge isn’t surprising given the continual rise in gold prices, reaching new all-time highs.
• The cost pressure stemming from tight supply chains has eased and is no longer a significant concern. Companies are now in a phase where cost are largely flat and coming down in the near term leading to companies’ margins expanding – a sweet spot.
• Many companies have expressed frustration over the perceived undervaluation of their reserves and resources, as well as their growth profiles by analysts. This suggests that they believe there is a considerable amount of hidden value in their stocks.
• Smaller companies face survival challenges, highlighting the importance of size and diversification. To thrive, companies should focus on achieving economies of scale, enhancing productivity, and improving visibility and liquidity to attract new shareholders.
• Analysts highlight that equities could catch up due to improved quarterly results in the future. This could prompt analysts to revise their estimates and lead to inflows from ETFs.

 

Find out more in the PDF