Dig Deep

In this episode we have a returning guest who appeared back in Feb 2022 (Episodes 209). Eldur Olafsson, Founder and CEO at Amaroq Minerals who are a Greenland-focussed mining company engaged in the identification, acquisition, exploration and development of gold properties and other strategic minerals assets in Greenland.

Eldur is a geologist by background and has worked in around Greenland and Iceland for well over a decade and started Amaroq Minerals which was formally know as AEX gold back in 2017 so has come a long way since then and he shares his journey, what Amaroq Minerals has been up to since we last spoke and gives us an update on the progress of the Nalunaq project.

KEY TAKEAWAYS

• Amaroq Minerals is focused on the identification, acquisition, exploration, and development of gold properties and strategic minerals assets in Greenland.
• Greenland has significant mineral potential, with outcropping mineral deposits and a geological prospectivity that is highly favourable for mining.
• Amaroq Minerals is currently focused on the development of the Nalinaq gold mine in South Greenland, with a target of increasing the resource from 320,000 ounces to well above a million ounces in the next three years.
• Amaroq Minerals is also actively engaged in strategic minerals exploration, including rare earths, base metals (copper, molybdenum, nickel), and PGA (platinum group elements), with ongoing drilling and geophysical surveys to identify and define new deposits.

BEST MOMENTS

"Greenland has in our mind, one of the best mineral potential you can find… Geological prospectivity is fantastic." 

"We have a current resource of 320,000 ounces. Our target is to increase that resource to well above a million ounces in the next three years." 

"We are among, if not the largest private investor in Greenland… There's been a lot of investment into things like rigs, camps, all of these things you need to be able to be successful." 

"The logistical route into Greenland is via Copenhagen or via Halifax… So that's a pretty good service compared to many other countries around this Arctic region."

VALUABLE RESOURCES

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In the episode we have a returning guest who appeared recently back in October 2021 (Episode 182). James Sykes, is the CEO and Director at Baselode Energy, a fully funded Uranium exploration company that has achieved resounding success within the region, like holding a portfolio of highly prospective uranium exploration properties in the eastern side of the Athabasca Basin.

James is an established geologist and explorer in Athabasca Basin namely in uranium exploration and discovery. He’s been at the helm of Baselode Energy now for over 3 years so we get an update from as to what has been happening over the last few years, Baselode’s ACKIO results and what is happening in the Uranium market at the moment.

He’s also going to be attending Europe’s largest mining event, Resourcing Tomorrow, (Formerly known as Mines and Money London,) which is taking place in London on the 28-30 November, serves as a unifying platform for the entire mining value chain, fostering learning, lively debates, and providing valuable networking opportunities.

Register now and receive a 10% discount on current early bird prices using the code DIGDEEP10.

Click here to get your ticket to this: www.resourcingtomorrow.com/register

KEY TAKEAWAYS

• Baselode Energy, a fully funded uranium exploration developer, has achieved success in the Athabasca Basin region, holding a portfolio of highly prospective uranium exploration properties.
• Baselode Energy's main focus is on the ACKIO discovery, which is a potential open-pit uranium mine. The project has expanded and shown promising results, with multiple zones of mineralization starting at shallow depths.
• The uranium market is currently experiencing a surge in demand, driven by increased nuclear energy needs globally. The supply side, however, is struggling to keep up, with many previous mines on care and maintenance and limited production capacity.
• The catalysts for money to flow into the uranium industry include rising spot prices, increased awareness and sentiment in the market, and successful funding deals for uranium companies. The outlook for Baselode Energy includes further exploration and drilling at ACKIO and Hook projects, with potential plans for additional projects in the future.

BEST MOMENTS

"This is an extremely hot market and it's really dominated by the lack of supply and increased demand." 

"Nuclear energy does not have the best reputation in the public's eye. Albeit it's the greenest, safest source of Baseload power globally, and has been since the 50s." 

"We're even seeing it in the news. You're seeing it on CNN. You're seeing it on Bloomberg. You're seeing it on the Financial Times. It's being mentioned. So that, yeah, that basically means that the sentiment is there, the awareness is there, and the money is flowing in." 

"We're seeing those same spot price levels now and the sophisticated investors, the market makers, the funds, they're all seeing that same price value now." 

VALUABLE RESOURCES

Twitter

https://twitter.com/baselodee

LinkedIn

https://www.linkedin.com/company/baselode-energy/

YouTube (The Ore Group channel)

https://www.youtube.com/channel/UCM9WVfeCJdrS29dZzFrpH5w

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode we have a returning guest who appeared by in May 2020 (Episode 79). Adam Davidson is the CEO Trident Resources is a diversified mining royalty and streaming company, providing investors with exposure to a mix of base and precious metals, bulk materials (excluding thermal coal) and battery metals.

Adam came through the US Marine Corps into the financial sector and worked for a few equity funds and a mine services company before joining Trident back in 2019 as their CEO and been there since. He discusses how the company grew from having 1 royalty when we last spoke in 2020 to over 20 royalties now and what they are looking to achieve in the future.

KEY TAKEAWAYS

• Trident Resources has experienced significant growth since their last podcast episode, going from having one royalty to now having over 20 royalties in their portfolio.
• The company focuses on a diversified approach, with exposure to base metals, precious metals, bulk materials, and battery metals royalty streams.
• Their objective is to provide investors with a means to gain exposure to the mining sector through a single share, offering inbuilt diversification and potential for steady dividends.
• The company is actively working on new transactions and aims to continue expanding their portfolio while also lowering their cost of capital through leveraging their asset base. They are active on social media platforms such as Twitter and LinkedIn for updates and encourage interested individuals to sign up for their newsletter on their website.

BEST MOMENTS

"We want to get to the point where a generalist investor… could buy a share in Trident and through that single share have got exposure to the depth and breadth of the mining sector."

"The royalty in its most basic form entitles the royalty holder to a percentage of revenue from the underlying operations."

"We see opportunities in gold royalties that maybe fly below the radar of some of our peers."

"Lowering our cost of capital is a key to this business… Ultimately, where we'd like to get to is a revolver, whereby you can draw down the facility to make an acquisition, pay it back from cash flow and repeat that process."

VALUABLE RESOURCES

X:@TridentPlc

https://twitter.com/TridentPlc

LinkedIn:Trident Royalties plc

https://www.linkedin.com/company/tridentroyalties/

Web: https://tridentroyalties.com/

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In todays episode we have a returning guest who appeared back in Sept 2020 (Ep 98), David Garofalo is an experienced c-suite executive with over 3 decades in the precious metals space and is the former President and CEO of Goldcorp to form the bigest gold mining company in the world.

David’s passionate and focused in the creation and growth, of multi-billion dollar sustainable mining businesses, across multiple continents and is the CEO of many companies including Gold Royalty Corp, Marshall Precious Metals Fund, Gold Mining and Aris Gold Corporation.

Today we talk about the various companies he is involved in, monetary policy, the inflation cycle and mining equities in general so there’s a lot to cover and unpack.

Hope you enjoy the episode and appreciate if you can share this with other professionals you know in the industry and with people outside of mining who want to learn about investing in gold as a safe haven to fiat currencies.

KEY TAKEAWAYS

• Gold is seen as a form of insurance against the debasement of fiat currencies, which have been continuously devalued since the decoupling of the US dollar from the gold standard in the 1970s.
• The current monetary policy of easing and low interest rates is likely to continue, as central banks are limited in their ability to tighten rates due to high levels of global debt.
• The gold mining junior sector has faced significant challenges, including a lack of consistent access to capital and a decline in exploration and new discoveries. This has led to a decline in reserves and production levels.
• Consolidation and mergers and acquisitions are expected to continue in the gold mining industry, as major producers seek to sustain declining production and reserve levels and attract generalist investors.
• The industry is facing a shortage of talent, with a wave of retirements expected in the coming years. Attracting new talent will be crucial for the industry's future success.

BEST MOMENTS

"Gold is the one currency you can't print. It's a very finite quantity. We produce very small amounts of it as an industry every year." 

"The juniors haven't had access to capital for a long period of time. And they're the ones that do all the heavy lifting in exploration to find new ounces in the ground, new deposits." 

"There's been a flow of capital out of the mining equities. In particular, the junior sector was seeing a significant deterioration in valuations over the last year or two." 

"Gold is at all-time highs in every other major currency in the world. That's reflective of the fact that monetary policy is not tightening. It's continuing to ease." 

"The sector is underinvested in that end of the food chain for too long. And so I do believe there's going to be a wave of capital as the gold price gathers momentum into those earlier stage opportunities out of existential necessity for the sector." 

VALUABLE RESOURCES

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode we chat to Sean Wade CEO of Power Metal Resources and Tristan Pottas, CEO of First Development Resources.

Power Metals Resources are a London Listed Metals Exploration and Development Company which finances and manages global resource projects and is further seeking large scale metal discoveries. The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base, strategic and energy metal exploration in North America, Africa and Australia. Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

First Development Resources, who are a UK based, Australian focused exploration company with early stage interests in WA and NT and owns three highly prospective copper-gold projects in the region.

Both Sean and Tristan give a great summary of both companies current activities and the short term outlook of the projects they are involved in across their portfolio.

KEY TAKEAWAYS

• Power Metal Resources is a London-listed metals exploration and development company that focuses on opportunities with district-scale potential across a global portfolio, including precious metals, strategic metals, and energy metals.
• The company operates in various jurisdictions, including North America, Africa, and Australia, and has a diversified portfolio of assets in commodities such as uranium, lithium, gold, copper, and more.
• Power Metal Resources follows a project incubator model, where they invest in early-stage mining projects, undertake cost-effective exploration, and then monetize the value created through spin-outs, IPOs, or strategic partnerships.
• The company is actively engaged in exploration programs across its portfolio, with upcoming milestones including updates on the Northwind Lithium asset, Tati gold exploration in Botswana, and the uranium exploration program in the Athabasca Basin.
• First Development Resources (FDR) is a subsidiary of Power Metal Resources focused on early-stage exploration in Australia, particularly in Western Australia and the Northern Territory. FDR aims to make significant discoveries in gold, copper, and base metals, and is ready to commence exploration work once it completes its IPO listing.

BEST MOMENTS

"We are more of a project incubator…unlike a conventional mining company…we seek to crystallise the value that we create in those processes and monetise that for shareholders."

"Fundamentally, what investors are looking for is an investment on the huge global economic transition to green energy…the big theme in mining really is transitioning to a greener and lower carbon world." 

"We have early stage projects in Western Australia where we're focusing on copper, gold, and base metals, which is neatly complemented by our Northern Territory Transition Metal project, which is the CELTA project." 

"We're part of a bigger stable…having that relationship with Power will also give FDR exposure to the resources which also contribute to Power's success." 

"We're ready to go…we are ready to go for several months in terms of the documentation…we're speaking to everybody who potentially could help us through the powers network, through FDR's network, through all of our networks, with a view of getting this on market as soon as we possibly can."

VALUABLE RESOURCES

https://www.powermetalresources.com

[email protected]

@PowerMetRes

https://firstdevelopmentresources.com

@FirstDevRes

[email protected]

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode we chat to Greg Hall who is the CEO & MD of Alligator Energy, a Australian owned uranium and energy metals project development and exploration group with clear pathways for approval and development through its multi-jurisdictional portfolio in Australia and Italy.

Greg who is a mine engineer by trade has a wealth of experience in uranium and the nuclear fuel sector, working in senior management and in a CEO capacity with a few organisations. Now at the helm of Alligator Energy, he gives us an overview of the company and the project they are involved in plus an update of what happening in the Uranium sector with the spot price steadily rising and more long term contracts being signed.

KEY TAKEAWAYS

Alligator Energy is a mid-stage uranium project development and exploration company with a focus on in situ recovery mining.

The company's main project, the SAMFIRE uranium project in South Australia, has a decent-sized resource and is well-positioned for future production.

Alligator Energy is actively expanding its resource base through exploration in the Alligator Rivers region and the Cooper Basin.

The uranium market has seen a recent uptick in activity, driven by increased demand and long-term contracting by nuclear utilities.

BEST MOMENTS

"The reactors now are running at 92 to 93% uptime, and that's an amazing efficiency rate for power generation."

"The long term contract in my utilities has picked up dramatically. That's the key driver of the health of the industry."

"The combination of disciplined supply, the requirement to get approvals in place and new permits, means as the suppliers come on slowly."

"The beauty of small modular reactors is in most countries in the world, they fit well in the grid."

VALUABLE RESOURCES

Greg Hall @ Alligator Energy - https://alligatorenergy.com.au/company/board-management/

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode we chat to Stewart McCallion, MD of Burley Minerals, is an ASX-listed exploration and development Company (ASX:BUR) with strategic assets located within the globally recognised Tier-1 Provinces of Quebec, Canada and Western Australia. The tenements are prospective for Lithium, Iron Ore and Base metals

Stewart has over 20 years’ experience in the resource industry with a variety of mineral commodities including copper, gold, iron, nickel and zinc and has been involved at all stages of the project life cycle from exploration, to greenfield and brownfield development and operations. and worked on projects in the Canadian, Australia, Asia, West Africa and Europe. He tell us about his career and Burley Minerals and what they are looking to achieve.

KEY TAKEAWAYS

Burley Minerals is an ASX listed exploration and development company with strategic assets in Quebec, Canada, and Western Australia. They focus on prospects for lithium, iron ore, and base metals.

Quebec, Canada, is a globally recognised Tier 1 province for lithium, and the provincial government is actively supporting the development of the critical minerals industry, including lithium, to meet the demand for the energy transition.

The Chubb Lithium project in Quebec, located near Val d'Or, has significant potential. The project is close to existing infrastructure, including roads and railways, making it favourable for project development and potential cash flow.

Burley Minerals is currently focused on resource expansion and definition at the Chubb Lithium project, with ongoing drilling campaigns and geophysics surveys. They are also conducting metallurgical test work to understand the ore body's characteristics and potential for processing.

BEST MOMENTS

"Look, you know, there's obviously exploration is ongoing and we recognise that, you know, up towards James Bay, there are some great resources that are being developed as we speak."

"It's a, let's call it, there's a potential to hit cashflow early with a project like this." 

"We're all looking for the big one, Rob, you know, we know where and I'm going to keep looking for that big one. But if I can make some money early, I'll make some money early."

"And inevitably, we're looking at what are our opportunities or what are our options for development"

VALUABLE RESOURCES

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In the episode we chat to Russell Bradford, Managing Director of Aston Minerals, is an ASX listed junior miner who as a development phase mining company, advancing the Edleston Project, Ontario in Canada, with a resource of over 2M tonne of Nickel sulphide in the ground.

Russell has an extraction metallurgy background with extensive experience in operations, projects and executive management in grassroots to advanced exploration and the development of projects across Africa, Australia and Europe during his career.

Now the MD at Aston Resources, Russell tells us more about the company and what they are looking to achieve with their excellent management team.

KEY TAKEAWAYS

• Aston Minerals is an ASX listed junior miner in the development phase, with a focus on nickel and gold deposits in Ontario, Canada.
• The company has a significant nickel resource, with over 2 million tonnes of nickel sulphide in the ground, making it a potentially large and long-life mine.
• The management team at Aston Minerals has extensive experience in the mining industry, particularly in nickel mining, and has successfully worked together in the past.
• The Canadian nickel market is expected to play a significant role in the EV industry in North America, with government support and investment in battery plants and downstream processing facilities.
• Aston Minerals is currently focused on drilling and exploration activities to further define and expand their nickel and gold resources, with plans to complete a scoping study in the medium term.

BEST MOMENTS

"So yeah, this is where we are today. I always wanted to be a professional footballer, and I was, it's not going to happen, and I always want to be a professional golfer, it's not going to happen, so I'm going to stick to my knitting, right, and it's mining, that's it." 

"I think the nickel space in Canada is going to be quite a significant contributor to the EV space in North America." 

"You know, drilling is a big, big, big thing that you need to focus on. It gives you a lot of good information and it only gives you good information if you've got good geologists to interpret it." 

"I think you have to be respectful where you're working and you know, you know, in the places where we've worked around the world, it's always important to make sure that you have good, you know, relations with your, you know, First Nation groups, your indigenous groups." 

"I think as well, you've just got to make sure that, you know, you don't be, you know, don't be shy to make the reality that, you know, there's inflation in the world and there's, you know, the shortage of people."

VALUABLE RESOURCES

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode we chat to Errol Smart, managing director & CEO of Orion Minerals, who are a globally diversified metal explorer and developer which is on track to become a new generation base metals producer through the development of its flagship Prieska Copper-Zinc Project and its near-term Okiep Copper Project, both located in South Africa’s Northern Cape.

Errol is a geologist with significant industry experience across all aspects of exploration, mine development and operations with experience in precious and base metals and has been on a number of boards of companies listed on both the TSX and ASX. Errol shares the story of Orion Minerals, what they have achieved and what the outlook of the company mining in South Africa.

KEY TAKEAWAYS

• Orion Minerals is a globally diversified metals explorer and developer focused on copper, zinc, nickel, cobalt, platinum, gold, and silver.
• The company has acquired over 9,000 square kilometers of prospecting and mining rights in South Africa's Northern Cape, including the flagship Biscara copper zinc project and the OKEC copper project.
• Orion Minerals has secured innovative funding packages, including a convertible loan from the Industrial Development Corporation and a streaming and royalty finance package from Triple Flag, to support the development of their projects.
• The company is committed to ESG initiatives and has implemented various programs, such as water provision, skills training, enterprise development, and potential agricultural fertiliser production from mine water.

BEST MOMENTS

"We realised that the big boom was likely to be in the copper, the nickel, the zinc and the minerals that have now become known as the critical metal suite."

"South Africa is the centre of African mining. Your skill set, your supply chain all works through South Africa."

"We're busy installing pumps and pumping systems and the mining contractors are busy mobilising to sites so there's a whole lot of exciting activity happening at the moment."

"We see ESG as an opportunity. The stuff that we do with our community, it really does warm your heart but it doesn't detract from value."

"The future of mining is going to change. The minerals that are in demand are changing. There's a greater focus on some of the more obscure minerals and things that most people didn't even think of five years ago."

VALUABLE RESOURCES

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/ 

LinkedIn – https://www.linkedin.com/company/orion-minerals-ltd

Facebook – https://www.facebook.com/OrionMineralsLtd/

Twitter (X) – https://twitter.com/orionminerals?lang=en

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

In this episode, we chat to Krishan Gopaul, Senior Analyst at the World Gold Council who discusses what happened with Gold Demand Trends in Q2 & Q3 for this year and what the Gold Market outlook is for the remainder of 2023.

He covers Central Bank and investment demand, gold production with the gold miners and the jewellery market and why you should consider gold as part of your portfolio.

KEY TAKEAWAYS

• Global gold demand declined 2% year on year in Q2 2023 but remained resilient due to central bank buying, healthy investment markets (particularly in China and Turkey), and resilient jewellery demand.
• Q2 2023 saw record gold mine production, driven by seasonality and ramping up of production in certain jurisdictions such as Ghana and Russia. COVID-related disruptions to mine production have largely subsided.
• Central bank demand for gold remains strong, with 387 tonnes of net purchases in H1 2023, a record first half in the data series since 2000. Emerging markets like China and Poland were significant buyers.
• Investment demand for gold was mixed, with outflows from gold ETFs but strong growth in bar and coin demand, particularly in China. Overall, gold investment in Q2 was up 20% year on year.
• The gold market outlook for the remainder of the year is influenced by factors such as inflation, interest rates, and economic uncertainty. Investment demand is expected to remain relatively stable, while jewelry and fabrication demand may be subdued due to high gold prices and affordability concerns. Central bank demand is expected to continue supporting gold demand.

BEST MOMENTS

"Gold is a highly liquid asset. And by that, I mean, it has an incredibly large market with a large number of participants. And it means that you can transact very, very easily." - Krishan Gopaul

"Gold is no one's liability. So you own the physical gold, it's kept by yourself, you're not relying on a counterparty. So it links to not having a credit risk, for example, you're not worrying about who that counterparty is, their credit worthiness, for example, that gives you that extra security." - Krishan Gopaul

"Gold is a relatively scarce material. And therefore, it is proven over time to actually preserve its value very, very well." - Krishan Gopaul

"Gold is a very natural asset for central banks to own. And certainly the trend that we've seen since 2010 is very much of accumulation, and they continue to do so at a fair clip." - Krishan Gopaul

"Gold is a highly diverse demand base, which gives it its characteristics, allows it to deliver long-term returns, and therefore help improve diversification." - Krishan Gopaul

VALUABLE RESOURCES

www.goldhub.com

Twitter/X:

@goldcouncil
@krishangopaul

mailto:[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3

[email protected]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.