Market turmoil has pushed the gold value again above US$1,900 per ounce, and Randy Smallwood, president and CEO of Wheaton Valuable Metals (TSX:WPM,NYSE:WPM) believes that the yellow metallic now has a powerful base to face on.

“We carry on constructing greater platforms, greater basements that we’re constructing off of,” he instructed the Investing Information Community on the the Prospectors & Builders Affiliation of Canada (PDAC) conference, held just lately in Toronto.

“In my feeling, 2022 was a few of the strongest US greenback numbers we have seen by way of the way it was buying and selling relative to each different foreign money,” he continued. “2023 I feel is the time that gold begins taking on that mantle and stepping up. It has carried out very properly within the face of a really robust US greenback — I feel the US greenback’s in all probability too robust and that bodes properly for gold.”

Trying over to Wheaton’s path within the 12 months forward, Smallwood mentioned in a earlier interview that he was trying ahead to securing new streams within the first half of 2023. Whereas he could not discuss specifics, he mentioned talks proceed to progress.

“We’re unique on plenty of totally different alternatives, which implies we’re all the way down to ultimate negotiations,” he mentioned. “There’s by no means a stream till we get a signature on paper, however we’re shut on a number of, and we’re very busy on that entrance.”

Smallwood additionally spoke about Wheaton’s 2022 manufacturing and gross sales outcomes, saying that after some challenges final 12 months he believes the corporate has turned the nook and can see “nothing however progress” shifting forward.

“I feel that is actually one of the best side of what we launched again in February. It was not a lot about what we did in 2022, however the place we’re going — we have such robust progress over the subsequent whereas,” he commented.

Watch the interview above for extra of Smallwood’s ideas on the gold market, in addition to Wheaton’s deliberate actions in 2023. You too can click on right here for the Investing Information Community’s full PDAC playlist on YouTube.

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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the knowledge reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence