Silver Miners Have No More Wiggle Room At Current Prices – Geoff Burns | Kitco News

[youtube 5a8Dd4pK_yk]

Continuing our coverage of PDAC at CPM’s Silver Reception, Kitco News speaks with Pan American Silver chief Geoff Burns to see how his company is holding up with lower silver prices. “At current prices, there’s not a lot of deposits that make money,” he says. “It can’t stay at this price very long.” According to Burns, gold and silver prices should be headed higher given current market conditions and continued easing by central banks around the world. “At the end of the day, when you print currency, commodities have to be worth more,” he says. “When you have more money, then things of value like silver and like gold eventually have to go up.” Burns also comments on recent changes made to senior managements at his company and what it means for the business. Tune in now for more coverage from the world’s largest mining conference. Kitco News, March 2, 2015.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.