Aspirations, Philosophy & Strategy of Emerging Gold Producers
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Thu, April 29, 2021 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the aspirations, philosophy, and strategy of emerging gold producers, with a particular emphasis on sharing insights and lessons learned from past experiences in the mining industry. The discussion aimed to help retail investors better understand the current market dynamics and the challenges faced by mining companies. Key Discussion Points - Overview of the current state of the mining industry and its performance in 2020 and 2021. - Importance of management experience and track records in successfully building mines. - The necessity for patience among retail investors when investing in mining companies. - Discussion on the factors that contribute to the success or failure of mining projects. - The role of fiscal stimulus in creating a positive market for gold. - The distinction between being a trader versus an investor in the mining sector. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Continue to...
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Mr. Downey has over 30 years of international experience in the resource industry. Mr. Downey held the position of President, Chief Executive Officer and Director of Elgin Mining Inc., Aura Minerals Inc. and previously Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006. He has held numerous senior engineering positions at several large-scale global gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. Mr. Downey was a member of the boards of Claude Resources and Dalradian Resources before their recent successful acquisitions and he is a member of the board of a number of active resource companies. He holds a Bachelor of Science (Hon.) degree in Engineering from Queen’s University.
Doug Ramshaw is a senior executive and corporate director with more than 20 years of experience in the mineral resource sector. His work has focused on mineral project evaluation, M&A and business development strategies supporting corporate growth.
Mr. Ramshaw previously worked as a mining analyst for an independent brokerage firm in London, UK and has served in various executive capacities for a number of publicly listed junior resource companies. He sits on the board of Great Bear Resources. He holds a Bachelor of Science in Mining Geology from the Royal School of Mines.
Mr. Black lives in Lima, Peru and has 40 years’ experience in the mining industry. Mr. Black holds a BSc in Mining Engineering from the University of South Australia and is a member of the Australasian Institute of Mining and Metallurgy.
Prior to moving to Peru in 2000, Mr. Black was the founder and Managing Director of international mining consulting services group Global Mining Services from 1994 to 2000. In 1996, Mr. Black also founded and was Chairman of OFEX listed AGR Limited with exploration projects in Ghana and Mongolia. In 2002, Mr. Black took control of Chariot Resources Limited as a listed TSXV shell and played a key role in the acquisition of the Mina Justa Copper Project and formation of the Korean joint venture with Chariot Resources. Upon his resignation as Chairman & Executive VP of Chariot Resources in 2006, Mr. Black founded the Peruvian registered Rio Alto S.A.C.
In 2009 after successfully negotiating the acquisition of the La Arena Gold Project from Iamgold Corp, Rio Alto was acquired by Mexican Silver Mines and renamed Rio Alto Mining Limited. In 2014, Rio Alto also completed the successful acquisition of Sulliden Gold and the Shahuindo Gold Project for C$300M. Mr. Black, as President & CEO of Rio Alto Mining Limited and his experienced management team built Rio Alto from a C$12M company in 2009 to a C$1.2Bn company in 2015 at the time of the acquisition by Tahoe Resources Inc.
Replay transcript excerpt
Speaker 1: Hello and welcome everyone joining us for today's Speaker 1: session which has Speaker 1: been marketed as aspirations Philosophy and Strategy Speaker 1: of Emerging Gold Producers. But we're hopefully going to do a little bit more than that, gentlemen, aren't we? So welcome, gentlemen. Thank you for joining us. Speaker 3: Thanks, Matt. You're welcome. Speaker 1: What a lineup. I haven't seen a lineup this good since the return of the Spice Girls Tour of 2007. Speaker 1: Fantastic Speaker 1: quality. Speaker 1: Although I notice sporty spice hasn't quite made it. Yeah. Speaker 1: Looking at the shape of you. Speaker 1: We better let everyone know who's here actually. Speaker 1: So 1st of all, Doug Ramshaw, thank you very much for Speaker 1: setting this up. You've arranged this. You got the girls back together for a session today. So appreciate that. So Doug is the CEO of Minera Alamos and he's Speaker 1: building Speaker 1: a mine, heap leach mine stand in Mexico. Speaker 1: We've also got George Salamis of Integra Resources, Speaker 1: who has made shareholders Speaker 1: a fair bit of money with Integra Gold prior to this. So another Speaker 1: builder of value. Alex Black joins us from Rio Speaker 1: too, Speaker 1: hunting gold down in Chile, and of course, a track record there of, Speaker 1: again, making shareholders money with the Rio Alto project. So, what, 12 million to 1.2 billion? Is that right? Yeah, that's right. Speaker 1: Not too shabby. Speaker 1: And not Speaker 1: least of all, Patrick Downey, Speaker 1: Orzone, again, a track record of creating shareholder value, Speaker 1: a mine builder, and a good solid Irishman as well to boot. So thank you very much, gentlemen, for joining us today. Speaker 1: And welcome to everyone listening in. ...