Gold Outlook 2023

Investor webinar replay

Meeting Overview The meeting focused on the Gold Outlook for 2023, featuring a panel of industry experts who discussed their respective companies' operations, market conditions, and the performance of gold as an asset class amid recent economic volatility. Key Discussion Points - Introduction of panelists and their respective companies involved in gold production and exploration. - Overview of gold market volatility, including price fluctuations from lows of $1400 to highs of $2050. - Discussion on the impact of macroeconomic factors, such as interest rates and global events, on gold prices. - Insights from panelists on the performance of gold as an asset class during the COVID-19 pandemic and subsequent economic changes. - Exploration of future production plans and potential growth opportunities within the gold sector. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Panelists to continue monitoring gold market trends and prepare for futur...

Watch the replay

Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hi, and welcome to the Gold Outlook 2023 [00:11] Speaker 1: panel. [00:12] Speaker 1: I'm your moderator, Dan O'Barren, [00:14] Speaker 1: founder and CEO of Ed6. [00:17] Speaker 1: Our mission is to unlock social mobility on a global scale by empowering anyone from anywhere to invest in anything. And so in pursuit of that aim, I invite you to submit any questions that you have related to our theme and I'll do my best to work your ideas into our panel discussion. [00:31] Speaker 1: To kick things off, let's begin by introducing our guests, starting with the largest to smallest by market cap. So Rick, who is on the microphone presently, the floor is yours for a brief introduction. [00:44] Speaker 2: Thanks, Daniel. Good morning, everybody. [00:46] Speaker 2: Contango is developing a [00:49] Speaker 2: nice high-grade Gold deposit in Alaska [00:52] Speaker 2: in joint venture with Kinross. [00:54] Speaker 2: And the unique thing about our company is we're not building a mill in a tailings facility. [00:59] Speaker 2: We're simply transporting the high-grade ore up to the Fort Knox mill [01:04] Speaker 2: by truck. And so we basically are [01:08] Speaker 2: able to get our deposit quickly into production [01:11] Speaker 2: and with a [01:12] Speaker 2: simple execution plan and obviously fairly low capital since we're not building the mill and tailings facility. So we'll be in production in 2024 [01:21] Speaker 2: and [01:23] Speaker 2: producing [01:24] Speaker 2: about 67, 000oz [01:25] Speaker 2: of Gold a year. [01:27] Speaker 2: Should be cash flowing, free cash flowing [01:29] Speaker 2: at $1, 800 Gold, about $40M a year. So [01:33] Speaker 2: we're a pretty advanced story and quic...