On Wednesday 11th November, we introduced our first Mining Investor Forum in partnership with London South East. Traditionally a multi-sector conference, for this quarter our Forum evolved into a timely, specialised event, focusing on the mining sector and featuring speakers from Shanta Gold, Scotgold Resources and New Pacific Metals, as well as a keynote address from analyst Paul Mylchreest.
Driven by renewed interest in “safe haven” assets and Bank of England discussions around negative interest rates in 2021, the line-up of presenting miners provided investors with valuable insights into high conviction investment ideas and a chance to interact with management through the live Q&A.
Missed this Forum? Not to worry – you can catch up on the recordings and presentations from each session in the videos below, or watch the whole event here.
Presenting companies Shanta Gold and Scotgold Resources provided investors with an overview of two AIM-listed gold miners (high grade, low cost). Both companies are at the brink of exciting phases of mine development, with a meaningful ramp-up in production set for 2021.
Tanzania/Kenya-based Shanta Gold uniquely offers investors both a growth and value investment case. The recent capital raise and investment into the company’s biggest growth lever, the West Kenya Project, will enable infill drilling to get underway towards the end of 2020 and into 2021.
Scottish miner ScotGold Resources shared their accelerated stepped development strategy for the Cononish gold and silver mine. Production phase 1 is set to commence towards the end of November 2020, with phase 2 following in May 2022, which will increase production by 100%.
Our third presenting company, Toronto-listed New Pacific Metals, is a global leader in silver mining. New Pacific’s near-term catalysts include the resource expansion and discovery drilling of the Silver Sand deposit and advanced studies (PEA) in progress and anticipated H1 2021.
To round off a compelling evening, Hardman & Co Mining analyst, Paul Mylchreest, shared his overall mining sector view. This included his thoughts on gold and silver pricing touching on the COVID-19 supercharged global debt bubble and its impact on markets.
LSE listed Shanta Gold engages in the exploration, mining, and processing of gold in Tanzania. It focuses on New Luika gold mine and Singida projects. The company was founded in 2005 and is headquartered in St. Peter Port, Guernsey.
New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. The company recently graduated to the TSX from TSX-V, and also recently joined the GDXJ (VanEck Junior Gold Miners ETF). It is headquartered in Vancouver, Canada.
Listed on the LSE, Scotgold Resources engages in the exploration and development of mineral properties. The firm operates through three geographical segments: Scotland, Australia and Others. Projects include Cononish Gold & Silver and Grampian Gold. Founded 2007, the company is headquartered in Nedlands, Australia.
Paul brings his expertise to bear on the market. The global debt bubble is being supercharged by COVID-19. Governments are faced with no option but debt monetisation. We are entering the twilight period for the current monetary system, while pressure on London’s gold vaults intensifies.
The investor pack from the Forum, featuring speaker bios and all the research notes in one place, is available here. Please sign up here if you would like to join our mailing list for research, Hardman Talks events and future Forums.