Contrary to popular belief, junior miners are not the companies most sensitive to a gold price rally; rather, it is the producers that will benefit most, this according to Kevin Murphy, lead analyst of S&P Global Market Intelligence. “It’s the producers, because they’re getting more money for the products they produce. They really see the benefit, and it’s much, much more muted on the juniors. They’re really results driven…and if they’re not doing the exploration, they’re not getting results,” Murphy told Kitco News on the sidelines of the 121 Mining Conference in New York.
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