Друг ли Трамп цене на золото? Борис ЯЦЕНКО, Генеральный директор и управляющий партнер, ПБК

Is Trump a friend of gold prices? Boris YATSENKO, CEO and Managing Partner, Premier Business Consulting. 21st MINEX Russia Mining Forum. Session 4. Russian Gold: Industry Development Prospects. Partner: Gold and Technology Magazine. Moderator: Mikhail Leskov, Editor-in-Chief, Gold and Technology. October 8, 2025, Radisson Slavyanskaya Hotel, Moscow Link:    • Друг ли Трамп цене на золото? Борис ЯЦЕНКО...   Summary from YaandexGPT: 00:00:13 Gold Price Forecasts • Gold prices are expected to rise in the short and medium term. • Analyst consensus: by the end of 2026, the price will be $4,800–$5,000 per ounce. • Growth factors: geopolitical uncertainty, falling interest rates, the trend away from the dollar, and central bank gold purchases. 00:01:54 Practical aspects for gold mining companies • For long-term planning, gold prices will remain high for 2-3 years. • When making decisions, gold mining companies are advised to focus on price levels prior to the recent rally, around $2,500-$3,000. 00:02:53 The impact of prices on project efficiency • At $2,500, projects become ineffective due to rapidly rising costs. • Russia has low dollar costs compared to gold mining leaders. 00:04:26 Banking prospects and liquidity • Rising gold prices improve the liquidity of gold miners and their ability to obtain loans. • Bank analysts forecast a price of $4,500 by the end of 2026. • The ruble is also subject to a rally, expected to reach 100 rubles by the end of next year. 00:06:32 Hedging and Investments • Hedging the price of gold allows you to lock in spending levels when entering a project. • Companies can use banking products to lock in spending levels. • Investing without raising funds has its own unique characteristics. 00:07:35 Benefits of Rising Prices for Gold Miners • Rising prices allow for the accumulation of reserves for the period. • Competition is increasing, companies are raising wages and returning to Japanese equipment. • Sberbank offers diesel fuel for mining companies. 00:09:51 Risks and Prospects • Gold price forecasts after 2030 may fall significantly. • Current prices facilitate fleet renewal and capacity expansion. • The industry as a whole is doing better thanks to rising prices. #geology #minerals #politics #mining #trump #geologists #miners #geologicalexploration #mining #mining #fossils #MINEX #gold © First Geological Channel 60,000 subscribers!