Mines and Money 5@5 Frankfurt: RGN Round-up

Mines and Money’s popular weekly 5@5 show continued yesterday in the Frankfurt time zone and featured presentations from CEOs of two exciting mining companies, analysis from two prominent industry investors and was hosted by Mines and Money’s head of content Andrew Thake. As usual, RGN took part in the session and provides a full round-up below.

Most admired CEO?

Andrew Thake kicked off the session by asking participants to pick their most admired CEO from four options in an interactive poll. On the panel, Blue Lakes Advisors investor Michael Colligan said: “What Mark Bristow has done in the DRC is mind boggling.” Oriole Resources CEO Tim Livesey added that Mark Cutifani of Anglo American and Bristow have similar skillsets albeit with very different tasks at their respective companies.

Oriole Resources presentation

Livesey then provided a detailed company presentation which focused on Oriole’s gold assets in West Africa. In particular, he highlighted being an early stage mover in Cameroon – one of the region’s lesser known gold jurisdictions. “We believe there is an opportunity in Cameroon as it has been overlooked in favour of other nearby jurisdictions,” he said. Oriole is also advancing a project in Senegal in partnership with IAMGOLD.

Integra Resources presentation

Integra Resources president and CEO George Salamis also provided a snapshot of his company, which focuses on precious metals in the US. Integra’s flagship DeLamar gold-silver project in Idaho is a rare low-capex, tier one asset in a tier 1 jurisdiction. “Applying certain screens to global tier 1 assets, only five remain in tier 1 jurisdictions. We are priveliged to be one of those,” he said.

Importance of ESG

The session was concluded with widespread agreement on the importance of ESG as an investment requirement for mining companies. Auramet International VP Eva Trenker said: If miners ignore their ESG responsibilities they will ultimately take an economic hit. Colligan added: “ESG has become like permitting; a necessary box to tick for miners.”

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