Mining for Gold and Other Metals in 2021 and Beyond

December 7, 2020

       

At the end of any year and certainly this one, the lucrative gold mine investment goes on the gift list.  Fortunately, this issue of the Wall Street Transcript provides that opportunity for our readers with our Gold, Precious Metals, and Mining Report.

Stefan Ioannou, Ph.D., covers mining stocks for Cormark Securities institutional equity research team. Dr.Ioannou is a mining engineer and holds a Ph.D. in economic geology from the University of Toronto. He has been developing equity research for sell side banks for 14 years.

“China’s demand for metals picked up through the summer as the country addressed phase one concerns.  Said demand has boded well for the global market given China is the world’s largest consumer of most metals. 

Most base metal prices have now returned to healthy levels, backed by improved sentiment that stands to take them higher.”

Warren Rehn is CEO and President of Golden Minerals Company.  Until 2012, Mr. Rehn held various positions at Barrick Gold Exploration, serving most recently as Chief Exploration Geologist for the Bald Mountain and Ruby Hill mining units.  

Mr. Rehn holds a Master of Science degree in Geology from the Colorado School of Mines and a Bachelor of Science degree in Geological Engineering from the University of Idaho.

“The cost of bringing Rodeo into production is $1.5 million, and that’s almost insignificant compared to the potential profitability of that project going forward. 

We put out some information in 43-101 reports on the projected economics of the project, and at $1,622 gold, it has a $25 million after-tax net cash flow over two, two-and-a-half years. It’s small, but it’s very critical to us as a money maker and the first step towards profitable production.”

Teo Dechev is the Chief Executive Officer, President, and Director of Mundoro Capital Inc.

Ms. Dechev’s capital markets experience includes positions at well-recognized bank-owned and independent investment banks in Canada and she spent more than three years with a mineral resources company managing their commodity and derivatives trading program for gold, copper and silver. 

Ms. Dechev has an MBA from the Schulich School of Business at York University, a Bachelor of Applied Science and Engineering in Geological & Mineral Engineering from the University of Toronto, and is a licensed Professional Engineer in both British Columbia and Ontario.

“…We are focused as a company on the western portion of the Tethyan belt, which coincides with Eastern Europe. Primarily two countries are of focus for us today — Serbia and Bulgaria…We acquire assets directly from the Serbian and Bulgarian governments, primarily around well-known and established mining camps.”

The complete interviews describe the effects of the COVID 19 crisis and the potential economic recovery on these stocks and more in the 2021 market.  Investors will want to familiarize themselves with the connection between the global economy and the value of these securities.