Charles Cooper
The gold mining industry is now at an exciting juncture; balance sheets have been repaired, funding pressures are easing, and the development pipeline needs quality projects, if global production levels are to be maintained. In that context, what does the next five years look like? abstract
Key Takeaways:
- Can exploration fill the gap?
- How healthy is the project pipeline?
- Existing mines – scope for output growth or life extension
Roy Sebag
This presentation will introduce Mene’s concept and founding principles, and explain its business model. It will also provide an update on business performance in the first year and give outlook for next steps for the company.
Objectives
- Help investors understand the concept of Mene and its potential to revolutionize the gold market.
- Report initial growth of the business in its first year.
- Ensure investors understand drivers for Mene’s next stage of growth.
Charlie Morris
Some believe the “barbarous relic” has no role now that digital assets have gained traction. I would disagree as gold is the ultimate constant, that remains liquid during a crisis and a timeless store of value. Digital assets are designed to be growth assets, and as a result, are volatile. Gold and bitcoins will live side by side, both demonstrating unique characteristics in portfolio management.
Objectives
- To define gold and bitcoin in economic terms.
- To understand their role in portfolio management.
- To determine their fair value.
- To forecast their behaviour under different scenarios.
- To provide an outlook.
Chris Galbraith
Over much of the last decade gold production has been on a rising trend; this despite a long run of declining prices and exploration since 2013. Now, with prices once again on a general yet gradual uptrend since 2016, and average operating costs already having fallen significantly, we look at the health of the gold sector and ask whether we have hit the bottom and surfaced out of the bear leg of the cycle with conviction.
Objectives
- The end of the triple trend of declining prices, costs and exploration activity.
- Falling discovery rates and exploration success.
- Confirmation of the turn in the cycle? – Drilling, financing, M&A levels.
- The health of the industry – Comparative leverage, cash flow generation and margins.
- S&P Global Market Intelligence’s expectations for the coming year on the above.
Jeff Christian
Investors who invest in gold through intelligent diversified strategies tend to buy more gold that buy-and-hold investors. Central banks that use gold as a monetary tool tend to be more interested in buying and holding more gold than central banks that merely stack it up in the cellar as a sterile monetary reserve asset. Investors also need new approaches to investing in gold mining shares that give them better risk-reward profiles than traditional buying patterns.
Key Takeaways:
- Central banks can use gold in monetary policies, increasing gold’s efficacy as a monetary asset and increasing central banks’ interest in buying and owning gold.
- Gold serves a number of purposes for investors; as a means of wealth preservation and a way to generate capital appreciation.
- Gold should be seen by investors as having several purposes, and consequently be held in several investment buckets: from catastrophic insurance to wealth diversification to long and short term investments.
- Investors who buy gold across short-to-long term horizons and across gold investment instruments tend to make more money on gold than investors who merely buy gold and wait for the price to rise to unrealistic levels in the ultimate financial collapse.
- The gold industry can more effectively market its own product.
Terry Heymann
- Total greenhouse gas (GHG) emissions from newly-mined gold are significantly lower than those for most other major metals and mined products.
- On a per US$ value basis, gold has amongst the lowest emissions intensity of all metals.
- Gold as an asset may, over time, benefit the carbon footprint of mainstream investment portfolios.
- Gold mining companies are taking positive steps to reduce (GHG) emission through energy efficiency and low carbon energy sources.
- Gold used in advanced technology may contribute to addressing the challenges of climate change.
Josh Crumb
This session will provide an update on Goldmoney’s core business performance; explain new business initiatives such as BlockVault, Goldmoney China, Lend & Borrow Trust; and share outlook for projects in the pipeline and future drivers of growth.
Objectives
- Provide clarity on the underlying growth of the core business
- Keep investors updated with new business initiatives as the company quickly grows and evolves
- Explain where management sees opportunities and where the business goes next
