Commodities
Home›Commodities›Mining›Mining could be a cheaper way to invest in AI, Azuria…
Mining could be a cheaper way to invest in AI, Azuria CEO says
Azuria Capital founder Otavio Costa argues mining is attracting more scrutiny from sovereign institutions and investors, and he points to gold’s recent strength as money growth and gold supply dynamics change.
Mining.com reports that Otavio, Tavi, Costa, founder and CEO of Azuria Capital, says mining is emerging as a comparatively low cost way to gain exposure to artificial intelligence, separate from direct investment in technology companies.
Costa said he expects increasing attention from sovereign institutions, governments, and investors, and he framed mining as a distinct opportunity tied to the industry’s growing role in supplying AI related materials. He also highlighted “mid tiers” he expects to grow into majors and higher quality assets that could face future demand from larger strategic buyers.
The executive argued that gold’s role in the broader financial system has shifted, saying that while about 50% of the treasury market was backed by gold during World War II, gold backing is now only 3%. He linked gold’s recent divergence from global money supply growth to an eventual closing of that gap.
Costa added that he sees the main drivers of the mining and gold narrative as dilution of money and the production side, including reserve depletion and a lack of new discoveries. Mining.com also reported that spot gold rose 1.5% to $4,673.20 per ounce by 15:35 GMT on Monday, its highest level since May 14.
Latest closeGold $4,432.00 ▲1.6%