High-Interest Rates: Net-Good or a Detriment for Mining?

Investor webinar replay

Meeting Overview The meeting focused on the impact of high interest rates on the mining industry, featuring insights from CEOs of three mining companies. The discussion revolved around the capital structures of their respective companies and the broader implications of rising interest rates on commodity demand and economic conditions. Key Discussion Points - Overview of each company's projects and capital structure. - Fireweed Metals: Focus on zinc and tungsten projects in Canada. - Bunker Hill Mining: Development of a zinc-silver-lead mine in a Superfund site in the USA. - Galantis Gold: High-grade gold project in Northern Ireland and a copper-gold project in Quebec. - The dual impact of rising interest rates on the economy and commodity demand. - Discussion on inflation and its relationship with interest rates and commodity prices. - Concerns about potential recession due to high interest rates and its effects on the mining sector. Decisions Made - No explicit decisions recorded. ...

Watch the replay

Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello, everyone, and welcome to today's live discussion on high interest rates and if they are a net good or a detriment to the mining industry. We're joined today by Fireweed Metal CEO Brandon McDonald, Bunker Hill Mining's Executive Chairman Richard Williams and Galantis Gold CEO and Executive Director Mario Stefano. [00:27] Speaker 1: Gentlemen, we know that mining is a capital intensive industry and that capital can come at a cost. So why don't we start off the discussion by going around the room and providing a 2 minute overview of your company and what capital breakdown looks like for your company. So let's start with Brandon. [00:42] Speaker 2: So the 2nd part of that question, what the capital, what for it looks like for my company? Capital breakdown. [00:47] Speaker 2: Okay, thanks. [00:49] Speaker 2: So I'm CEO of Fireweed Metals. [00:51] Speaker 2: You know, we have 2 flagship projects in [00:55] Speaker 2: Eastern Yukon Territory, Canada, 1 overlapping into Northwest Territories. [01:00] Speaker 2: Our Zinc project [01:01] Speaker 2: is a large district scale, multi-deposit [01:05] Speaker 2: Zinc-Lead-Silver [01:06] Speaker 2: project, [01:07] Speaker 2: certainly emerging as 1 of the preeminent Zinc development projects in the world. And right next door to it, we have Emac-Tung, Tungsten deposit, which is the [01:16] Speaker 2: largest high-grade tungsten deposit in the world [01:19] Speaker 2: and arguably a strategic resource. [01:23] Speaker 2: Being a [01:24] Speaker 2: late-expiration, [01:25] Speaker 2: early-development, [01:27] Speaker 2: pre-construction [01:29] Speaker 2: company, [01:30] Speaker 2: we are all equity funded. [01:32] Speaker 2: We have about $30M...