Kitco News continues coverage of the BMO Metals & Mining Conference with Randgold CEO Mark Bristow. He said that gold’s recent rally is not necessarily the ‘big bull run’ everyone is waiting for, and expects the metal to continue trading in a range for the year. However, he remains optimistic over the longer-term. A weaker U.S. dollar and equity markets Thursday pushed gold prices higher, with April Comex gold futures last up $26 at $1268 an ounce. Bristow also commented on the state of the mining industry, which he says needs to ‘reinvent’ itself. ‘The current gold price doesn’t help the industry out of its fundamental problem, and that’s that it is broken.’ Randgold posted solid results for 2015 and is well positioned to look at opportunities, Bristow added.
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