“There has been a bit of a demographic shift. Guys my age are retiring, and they are not putting a lot of their money to risk as much anymore. Even the flow-through market here…there used to be a lot of doctors, dentists, lawyers that would typically put money in flow-through funds to get the tax advantage. The Canadian government has changed some of those rules and made it a lot harder. So, I think that is part of the disconnect [between the gold price and gold miners’ valuations],” says mining sector expert Brian Christie. Listen to this MSE interview for more insights from Mr. Christie.
Brian Christie has vast mining sector experience. He began his career as a geologist and saw two mineral discoveries first-hand. Then he traveled the world as a journalist for The Northern Miner. Brian next served as a mining equity analyst for nearly two decades before leading the investor relations team at Agnico Eagle, a leading gold producer. Currently, Brian is on the board of directors for Wallbridge Mining and, since May 2023, is the chairman of Fury Gold Mines (MSE sponsor).
0:00 Introduction
1:30 BHP proposed takeover of Anglo American
2:52 Bullish copper
3:45 Look at smaller-scale copper producers
4:47 Can there be too much M&A?
5:57 Gold executive mistakes at cycle peaks
8:34 Exploration projects: own 100% or seek JV?
10:27 G Mining to buy Reunion Gold
11:25 Demographic shift impacting gold miner valuations
14:21 Must know geology to be successful retail investor?
15:50 Good geology will get rid of bad management?
16:44 “Balance promotion vs facts”
19:17 Naked shorting a problem in Canada?
20:57 Fury Gold upcoming newsflow
Sponsor: furygoldmines.com/
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