Meeting Overview The meeting focused on discussing the current state and future predictions of the metals and mining industry, particularly in light of inflation, supply chain issues, and the growing demand for green energy. Panelists shared insights on market trends, investment opportunities, and upcoming catalysts for their respective companies. Key Discussion Points - Predictions for the metals and mining industry in 2022, highlighting growth potential due to inflation and green energy demands. - The fragility of metals markets and the impact of under-investment in supply. - The role of geopolitical factors in influencing investment decisions and project locations. - The acceleration of the decarbonization trend and its implications for metal demand. - Upcoming catalysts for various companies, including financing, drilling projects, and resource studies. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Monitor and report on the impact of...
Mr.Samson is a mining executive with more than 20 years of management and financial experience. He was most recently VP & Head of Corporate Development at FNI Mining for four years, including a period of six month as interim COO, responsible for safety, mine development and operations at a 250-person underground mine near Sudbury, Ontario. In 2012, he won the Canadian Young Mining Leader award from the CIM. Prior to FNI, he was VP Commercial Development at Kinross Gold Corporation for five years where he had diverse, multi-functional responsibilities including: supply chain, energy, merger integration, enterprise risk and capital approvals, leading a team of more than 300 people across eight countries. Before Kinross he was a management consultant at Bain & Company and traded for investment banks in New York and Europe. Sean received his A.B. from Harvard University, and MBA from Cambridge and has completed his Surface Miner Common Core in Ontario. He is a past elected PDAC board member and a Cleantech advisor at MaRS, a Toronto-based Innovation Centre.
President, CEO & Director at Arizona Sonoran Copper Company
George Ogilvie, has over 32 years of management, operating and technical experience in the mining industry. Mr. Ogilvie was until most recently the President & CEO of Battle North, a position he was appointed to, in 2016 whilst the company was under financial insolvency & restructuring proceedings. During his 5 year tenure at Battle North, Mr. Ogilvie and his team successfully completed a turnaround of the company resulting in an increase in the resource base from 400 k ounces Au to approximately 1.3 million oz Au, completion of a positive bulk mining reconciliation program resulting in de-risking of the project, delivery of a preliminary economic assessment and follow on feasibility study in relation to the project with a post-tax IRR of 50% and completion debt and equity financing of over C$100m associated with project construction. Battle North was acquired by Evolution Mining Limited in May 2021 at a 45% premium to the prevailing spot price. Prior to this, Mr. Ogilvie was the CEO of Kirkland Lake Gold Inc. where he and his team implemented a turnaround strategy which included, amongst other items, improving operations at the Macassa Mine and the acquisition of St. Andrew Goldfields, resulting in significant returns for shareholders. Previously, Mr. Ogilvie was the CEO of Rambler Metals and Mining PLC, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career in 1989 with AngloGold in South Africa and he subsequently held other roles at the Ruttan Mine in Northern Manitoba for HudBay Minerals Inc., the McCreedy West Mine and also as Area Manager for Dynatec Corporation. Currently, Mr. Ogilvie also serves on the board of Rupert Resources Ltd.
Mr. Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland. He is a Professional Engineer and also holds his Mine Managers Certificate (South Africa).
Mr. Macdonald is a professional geologist with a diverse experience base including exploration geology worldwide and investment banking. In recent years he has focused his efforts in exploration and development as a principal of and consultant to various junior mining companies. In the past he was in the City of London where he worked in structuring financings and risk management at Macquarie Bank. In 2007 Mr. Macdonald graduated with an MBA (with Distinction) from Oxford. He completed his B.Sc. in Geology from UBC in 2000. Mr. Macdonald has a long history of mining exploration work in Yukon, including zinc projects, and originally hails from Ross River, near the Macmillan Pass Project site. He is a Professional Geologist registered with Engineers and Geoscientists British Columbia (EGBC).
Replay transcript excerpt
Speaker 1: Hello, everyone, welcome to the 2nd breakout room of day 4 at the 6th virtual spring conference. Feel free to submit questions at any time using the Q&A chat found on the right hand side of your screen. Speaker 1: Today I'm joined by Donald Moore, CEO and Director of Playfair Mining. George Ogilvie, President, CEO and Director of GFG Resources, Speaker 1: sorry, not of GFG Resources, but of Arizona Sonoran Copper Company. Speaker 1: Sean Sampson, President, CEO and Director of EV Nickel, Brandon McDonald, CEO and Director of Fireweed Zinc, Nancy Curry, Vice President of Corporate Development at Kodiak Copper. Over the last 3 days, you've had the opportunity to watch these company presentations and pose questions to them. Today, we'll be addressing not only those questions, but also any that come in live. Again, ask those questions using the Q&A chat found on the right hand side of your screen. Speaker 1: But that being said, let's get started today. So the 1st question is to the whole group between inflation hedging, green industrial demand and a nuclear market about to realize its need for fuel, the basic materials sector is poised for growth and has historically Speaker 1: outperformed other sectors during recessionary periods. So the question is, what are your predictions for the metals and mining industry in 2022? Speaker 1: I'll be happy to hear from anyone who has any thoughts on that Speaker 1: as you have them. Speaker 2: Well, I'm I'm happy to jump in there, Cam. Speaker 2: Well, look, I think you touched on the key points. Speaker 2: History tells us that in an inflationary Speaker 2: period, Speaker 2: you know, typically commodities Speaker 2: do extremely Speaker 2: well. Speaker 2: I think with, you know, the supply chain issues that we've se...
