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Nick Mather, CEO, SolGold PLC

Nick Mather
CEO | SolGold PLC
1 King Street, EC2V 8AU London (GB)

emichael@solgold.com.au

+44 20 3823 2125

SolGold CEO Nick Mather on building a major gold and copper mining company


Jared Scharf, CEO, Desert Gold Ventures Inc.

Jared Scharf
CEO | Desert Gold Ventures Inc.
4770 72nd St,, V4K 3N3 Delta (CAN)

jared.scharf@desertgold.ca

Desert Gold Ventures CEO Jared Scharf on West Africa and its potential


Stephan Dorfmeister, Finance Department, Deep Nature Project GmbH

Stephan Dorfmeister
Finance Department | Deep Nature Project GmbH
Untere Hauptstraße 168, 7122 Gols (AT)

office@deep-nature.at

+43 681 10139055

Like Aurora Cannabis and Canopy Growth, Deep Nature Project GmbH focuses on value chain


16. June 2020 | 11:34 CET

Barrick, Desert Gold, Endeavour Mining - Who benefits from the gold shortage?

  • Gold

The production of gold is expected to reach its historic peak this year and from then on it will go down more or less dramatically. While the production of the largest producers was still below 80 million ounces in 2009, since then it has risen almost linearly to the volume of over 117 million ounces forecast for 2020. In 2029, not even 55% of this quantity is expected to be reached - with consequences for the gold price.

time to read: 2 minutes by Mario Hose


Nick Mather, CEO, SolGold PLC
"[...] We knew the world was rapidly electrifying and urbanising and needing significant amounts of copper to do so. [...]" Nick Mather, CEO, SolGold PLC

Full interview

 

No production without exploration

Anyone who wants to mine gold has to find it first. The origin of all gold production is exploration. Once the gold is discovered in the ground, the next step is to determine the size of the reserves. The goal of exploration companies is usually to discover quantities of gold in the ground that will allow the project to develop into an economically attractive production.

Replacement for mined reserves

Without success in exploration, mining will not be possible. For this reason, the big gold producers often keep an eye on the exploration scene, especially if they are located in the vicinity of producing mines. Everything that has been mined in the gold mine is logically gone. Conversely, the producers' reserves decrease with every ounce sold. This scenario is not abstract, but already reality. Since 2012, the reserves of the biggest producers have dropped 34% from 967 million ounces to 584 million ounces in 2019. The level of reserves is now less than in 2007 - before the first gold boom in conjunction with the financial crisis.

Quality has its price

Increased requirements and quality demands in connection with image building are also a major burden on production. As a result of accidents and environmental damage, producers and authorities have increased requirements and standards. In 2000, it took ten years before a discovery could go into production and ten years later the duration has increased to 20 years. In the meantime, it is expected to take 30 years before a discovery goes into production.

Exploration benefits from rising prices

The declining reserves of the producers let the prices for the take-overs of exploration companies rise as the gold price rises. The pressure on producers to act is constantly increasing. The exploration company Desert Gold Ventures has projects covering an area of 400 km2 in Mali. The company is surrounded by the following large mines: Fekola 7 million ounces, Gounkoto 4.4 million ounces, Loulo 9.8 million ounces, Sadiola 8.1 million ounces, Takakoto & Segala 3.3 million ounces and Yatela with 3.5 million ounces.

Attractive takeover prices in Africa

Desert Gold's prominent neighbors include B2Gold, Barrick Gold, Endeavour Mining and Resolute. As the exploration company has already discovered several gold prospects (2.04 g/t Au over 30 m, 3.03 g/t Au over 8 m and 6.28 g/t Au over 13 m), it stands to reason that the likelihood of an investment or acquisition by a producer from the region increases with further success from drilling programs. In 2018, takeovers in Africa averaged USD 200.33 per ounce in the ground. According to the presentation on the website, management is aiming for the discovery of up to six million ounces.


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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24. September 2020 | 09:15 CET

Barrick Gold, Blackrock Gold, Osino Resources: buy when weak?

  • Gold

The price of gold and silver has come under pressure in the past few days and so too has the price of the shares of the companies involved in the creation of value for precious metals. The fear of another lockdown in connection with the Corona pandemic seems to be worrying the markets. Against this backdrop the central banks and governments continue to support the economy with measures. The correction in precious metals may now be an opportunity to enter, because when the presses are running at full speed, the oldest currency in the world is usually a safe haven.

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18. September 2020 | 09:00 CET

BHP Group, Newcrest Mining, SolGold: Getting bogged down or putting all your eggs in one basket

  • Gold

When it comes to investing in commodity companies, the BHP Group is a household name. The British company is active worldwide, mining coal, iron ore, copper and other commodities and has long been considered a solid dividend earner. But recently the company has disappointed: Special effects put pressure on profits, unrest in Chile made life difficult for BHP and the Corona pandemic also left its mark: the bottom line at the end of the financial year at the end of June was a profit of no less than EUR 6.75 billion. While the mood among investors was not particularly good, BHP cut its dividend by around ten percent, thus spoiling shareholders’ sentiment even further. On a year-on-year basis, the share price fell by around 1.4%. In view of the good performance of copper following the outbreak of the pandemic, this is too little for many investors.

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15. September 2020 | 11:00 CET

B2Gold, Barrick Gold, Desert Gold: Did Warren Buffett bet on the right horse?

  • Gold

The price of gold has stabilized above the USD 1,900.00 per troy ounce mark in recent weeks. Against the background that the Corona Pandemic is not slowing down and that a second wave is becoming measurable in many places, the actions taken by governments and central banks are continuing cheerfully, thus ensuring further demand for the world's oldest currency. Those who want to protect their assets are probably best off buying shares in a gold company like Warren Buffett, and for those who can't decide, there is also a solution.

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