The boss of a US-listed mining company has warned the industry to remain “disciplined” after the price of gold surged to a record high, urging executives to avoid a repeat of the mistakes made during a similar rally a decade ago.
The comments by Jorge Ganoza, chief executive of Fortuna Mining, which operates in Latin America and west Africa, came as the precious metal reached $3,500 a troy ounce last month, fuelling concern that miners could be tempted to take on too many projects.
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