Matt sits down with Exploration Insights analyst Joe Mazumdar to talk about development risk and investor strategy. The discussion includes a round-up of recent development projects that have experienced some growing pains, including: Red Eagle Mining‘s (TSX: R; US-OTC: RDEMF) San Ramon operation in Colombia; New Gold‘s (TSX: NGD; NYSE-MKT: NGD) Rainy River mine in Ontario; and TMAC Resources‘ (TSX: TMR; US-OTC: TMMFF) Hope Bay project in Nunavut.
We also delve into Alamos Gold‘s (TSX: AGI; NYSE: AGI) US$770-million acquisition of Richmont Mines (TSX: RIC; NYSE: RIC), and what to expect from Canada’s gold majors moving into the fourth quarter of 2017. Joe outlines his investment thoughts following the recent rally in precious and base metal prices, and offers investors some advice on strategies when it comes to mine development.
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Timeline
4:22 Commodity and investment update
6:23 Mine development 101
8:00 Red Eagle’s San Ramon project
11:30 TMAC Resources Hope Bay operation
16:13 Pretium’s Brucejack mine
18:00 New Gold’s Rainy River deposit
19:00 Nevsun’s Bisha operation
21:00 Tips for investors looking at developer discloure
25:00 Gold majors and asset divestments
28:30 Alamos/Richmont deal
31:00 Current investment strategies
Sponsored by:
Articles referenced:
New Gold reports ‘significant progress’ at Rainy River
The Progressive Mine Forum in Toronto
TMAC beset by gold recovery problems at Hope Bay
Red Eagle grapples with ground conditions
Alamos Gold bids US$770M for Richmont Mines
Nevsun cuts mine life in half at Bisha; extends study timeline for TimokMusic Credits:
“Cool Rock” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/by/3.0/
“Isolated” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/by/3.0/
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