Mines and Money Online Connect Global: Day one round-up

Following Mines and Money’s hugely successful Online Connect APAC and EMEAmericas e-conferences in June, which featured 79 mining companies and 302 active investors, the world-leading mining events company has expanded the offering to a global platform that kicked off today!

The busy three-day event aims to provide the 100 registered mining companies and 400 investors with the perfect setting to do business online, while also offering the chance for viewers to learn about latest industry news and trends through live streams of fireside chats, company presentations and expert panels.

Bringing in Bristow

Mines and Money Online Connect global started with an exclusive interview with one of the most renowned executives in the mining sector – Barrick Gold’s Mark Bristow. The CEO discussed the value embedded in the 2018 mega-merger between Barrick and Randgold Resources, before moving on to the company’s 10-year plan.

“The 10-year plan is about giving investors a vision of what they are investing in, like any other company would give. It is pleasing for me to see analysts delivering models that are in line with our own business plans,” he said.

The wide-ranging interview saw Bristow discuss several topics with Kitco’s mining audiences and data intelligence manager Michael McCrae, including the gold price rise this year, the current political situation in Mali, Barrick’s adoption of renewables at its assets and future industry trends like automation and digitisation.

The gold panel

Much of the focus on day one was on the meteoric rise of gold this year, largely in response to the uncertainty and global economic turmoil produced by the COVID-19 panel. A seven-person panel of experts discussed different drivers of the gold price, the return of the generalist investor, different types of gold investment and more.

“Newcomer interest [in the gold space] has been flooding in and this was happening pre-COVID,” said IBMA’s chief executive Ruth Crowell. “It certainly has picked up pace following the pandemic. The interest we have received this year has been overwhelming.”

Meanwhile, Global Mining Capital Corp president Keith Spence outlined his belief that the current boom will be a boom of the senior gold companies. “The seniors are going to overperform,” he said. “When generalists come in, they are looking for FAANG equivalents in mining. That is the likes of Barrick, Newmont & Franco-Nevada.

Yamana Gold presentation

Yamana Gold is a leading sponsor of the Online Connect Global event, and executive chairman Peter Marrone was afforded the opportunity to make an up-to-date presentation on the Americas-focused company on day one.

Yamana has five producing gold and gold-silver mines in four jurisdictions: Canada, Chile, Brazil and Argentina. The company is listed on the TSX and NYSE and plans to join the London market by the end of the month.

“Our objective is to increase at least one resource base to 1.5 million ounces over the next three years,” said Marrone. “We can demonstrate short, intermediate and long term growth opportunities with low capital requirements.”

Check back to RGN tomorrow for coverage of Mines and Money Online Connect Global, day two.