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

Day three of Mines and Money Online Connect Global give its 1,500+ attendees a final opportunity to virtually network and do business around the clock, against a backdrop of live interactive sessions featuring some of the global mining industry’s brightest minds. Over the course of the three days, Mines and Money’s first 24-hour online event has proven to be a massive hit with all attendees and a tonic to some of the connectivity issues thrown up by the COVID-19 pandemic this year.

What’s next for ESG in mining investment?

The concept of environmental, social, governance (ESG) has become so ingrained across the global mining sector that it would be considered a form of investment suicide for a company to be blind of this code of ethics. But what is next for ESG in mining investment?

This was the question posed to a five-star panel on day three of Mines and Money Online Connect Global. The panel included representatives from the likes of Resolute Mining, OceanaGold, St. Barbara, SilverCrest Metals and Pacific Road Capital.

“I’m so enthused that ESG has taken off in the way it has in recent years,” said Resolute CEO John Welborn. “But we must remember that our ESG pathway is a journey we will never achieve as we habitually reset our standards. It’s always going to be an ambitious journey, but investors want to see how the structure of the journey is measured.”

Peter Grosskopf predicts record 2021 M&A spree

In the penultimate 5@5 precious metals session sponsored by Sprott, four APAC/EU-focused mining company updates were presented to the audience and the panel’s expert investors John Wong from Ruffer LLP and Sprott’s own CEO Peter Grosskopf.

Following short corporate updates from Saturn Metals, Mawson Gold, Emerald Resources and West African Resources, each presenter was quizzed by Wong and Grosskopf before the investors made generic concluding remarks at the end of the show.

In particular, Grosskopf made a bold prediction relating to future mergers and acquisitions activity in the gold mining space. “I think next year will be a record year for M&A in the gold space. The sector will really light up following the COVID-19 distractions that have taken place this year.”

Amex Exploration clinches mining pitch battle win

The final live session of this week’s Mines and Money Online Connect Global was an exciting mining pitch battle between four great companies, who vied to impress the ‘Dragon’s Den’ judges panel for a hypothetical investment opportunity.

In the end, Quebec-focused Amex Exploration gained the most votes from the judges and was crowned the winner of the competition after vice president of exploration Kelly Malcolm delivered an impressive pitch, detailing the company’s recent successes.

Amex made a breakthrough discovery in 2017 at the Perron gold property, and hopes to put out a maiden resource covering four mineralised zones next year. “We have $35 million in the bank to pursue an aggressive drilling programme in order to achieve this,” Malcolm said.

That’s a wrap

After a hugely successful three days of 24-hour networking, deal-making and information sharing during Mines and Money’s first Online Connect Global event, all that is left to say is thank you to the organisers for putting together such a great show in these uncertain times.

Stay close to RGN and Mines and Money for information on future Online Connect Global events.