Oil’s Biggest Crash in a Generation Has Silver Lining for Miners
- Lower energy prices a ‘big positive’ for industry: Franco CEO
- Benefits will vary depending on metal produced, how it’s mined
Photographer: Ben Nelms/Bloomberg
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The financial turmoil crushing industrial-metals equities has a silver lining: lower energy prices can be a boon to miners.
“It’s a big positive,” said David Harquail, chief executive officer of streaming and royalties company Franco-Nevada Corp. Fuel is a key operating cost for miners because it’s needed to run the giant machines that drill and process massive volumes of ore.