Sovereign Resources’ Post

There is a big interest in Gold investing in recent months. However, have you considered a well run Gold miner as an alternative investment? Here is my take on Agnico Eagle Mines: https://lnkd.in/eJjQDPMP #coffeecaninvestor #coffeecanportfolio #goldinvesting #AgnicoEagle #StockAnalysis #portfolio

RBC Capital Sticks to Its Buy Rating for First Quantum Minerals (FQVLF) | Markets Insider: The Corporate and Other segment deals with the evaluation and acquisition of new mineral properties, regulatory reporting, treasury and finance, and ... #regulatoryreporting #regulation #finperform

Canaccord Genuity has helped recapitalise True North Copper (ASX:TNC) via a fully underwritten A$50 million equity raising. Proceeds from the offer will be used to extinguish all outstanding debt and fund a revised business strategy to pause mining operations and undertake an extensive exploration and resource definition drilling campaign across the Company’s Cloncurry Project and Mt Oxide Project. The Cloncurry Project comprises a number of highly prospective copper assets with a global resource of +321kt Cu @ 1.16%, supported by extensive infrastructure with an estimated +$45m replacement value. Mt Oxide is a high-grade advanced exploration asset with limited exploration beyond its Vero deposit, which has a resource of 220kt Cu @ 1.46%. Previous intersections at Vero have included 66.5m @ 4.95% Cu and 26.2m @ 4.45% Cu. CG acted as Joint Underwriter, Joint Lead Manager and Joint Bookrunner to the equity raising. Congratulations to MD Bevan Jones, Director Tim Dudley and the entire TNC team on a successful transaction. CG’s Investment Banking team was led by Stefan Collins, CFA and Alexander Bassil. ECM / investor engagement was led by Will Morley and Jack Sampson.

“Humanity benefits from the metals it produces.” How do we begin to tell this story so it can be better understood and more widely accepted….?

🤝 MiningNews Select Perth 2024: Panel session: #Gold in times of uncertainty: investment strategies for volatile markets - Portfolio allocation: Determining the right percentage of gold for institutional investors. - Gold's role as a short-term opportunity or portfolio insurance. - Comparative appeal of gold among precious metals for institutional #investors. - Key considerations for institutional investors when allocating to gold during uncertain times. 📢 Speakers include: Sean Russo, Managing Director & Principal, Noah's Rule, John Forwood, Chief Investment Officer, Lowell Resources Funds Management and Phil George, Director and Senior Investment Advisor, Entrust Wealth Management | A division of Euroz Hartleys Limited. Find out more about the conference - https://lnkd.in/gP4wk2mz Discover exciting opportunities, engage in one-on-one discussions and gain valuable insights into the mining #investment landscape. #MNSPerth #Miningevent #aspermont

The mining sector is experiencing a seismic shift, driven by the surging demand for copper. Newmont Corporation CEO Tom Palmer shared insights on this trend, highlighting copper's growing importance due to the energy transition and AI advancements. Following the $17.14 billion acquisition of Newcrest, Newmont is strategically divesting non-core assets like the Eleonore and Musselwhite mines, while focusing on core projects. The industry is ripe for consolidation, with major players like BHP Group and Anglo American leading the charge. As we move towards sustainable and efficient mining practices, companies like Greatland Gold are also making significant strides. #Mining #Copper #Sustainability #AI #Newmont #BHP #AngloAmerican #GreatlandGold https://lnkd.in/gjqtUFf4

#Miners Facing Financing Frustration, Where Will the Money Come From? “I took a 10 year span from '83 to '93, and I looked at 3,000 exploration companies and what happened to them,” Lassonde said. “Of those 3,000, only five actually delivered mines that opened and made money. So the ratio is appalling, and it got worse in the last 20 years because there hasn’t been the kind of discovery that we saw in the ’80s and ’90s.” Pierre Lassonde, Adam Lundin, Jacqui Murray and John MacKenzie spoke about why mining companies are struggling to get funding and what they can do to improve their odds. https://bit.ly/3Pu1xxY #tsx #pdac2024 #mineralexploration #canadianeconomy #investingnews

An interview with journalist Josh Chiat featured in The Australian and Stockhead today with Victor Smorgon Group Equities Co-CIO Joseph Sitch, and Investment Managers Cameron Judd and Ben Salter.    Victor Smorgon Group's equities portfolio manages in excess of $500 million in funds across its equities strategies for members of the Smorgon family and third party investors. The Group’s liquid portfolio, the Global Multi-Strategy Fund, includes significant investments in gold and copper driven by strong market fundamentals. Our gold strategy, led by Cameron Judd, has grown from $1 million to over $100 million, consistently outperforming the gold price by 10%. Key investments include Regis Resources and Vault Minerals, with a positive outlook on gold despite price fluctuations. Our decarbonisation strategy, managed by Ben Salter, has grown to become 18% of the Global Multi-Strategy Fund portfolio. The strategy focuses on copper, avoiding the volatile lithium market. Key holdings include MAC Copper in Australia and North American and international projects like Calibre Mining Corp and NGEx Minerals. We remain cautiously optimistic about copper's long-term prospects due to strong supply-demand dynamics. To learn more about the Global Multi-Strategy Fund, visit our website https://lnkd.in/gVXgzkNz Read the full article here: https://lnkd.in/gVYNGbjZ

We recently ran a popular webinar on "Global Finance in Mining: Today's Landscape and Tomorrow's Horizons," and the research and feedback were eye-opening. Sustainable investing has created unintended consequences, with brown sector companies facing heavy punishment through rising capital costs, leading to short-termism and limited impact. The mining industry, critical to society, is in danger of falling out of the modern finance landscape. However, the industry has already committed to responsible operations, net zero, and is now beginning to lead on nature positive commitments. Our research suggests that the mining industry is largely ineligible for mainstream investment due to the rise of sustainable investing, which is almost certainly a factor in the significant underperformance of gold stocks at a time of pronounced gold price strength. However, the vacuum created by this has forced governments to step in and inspire new funds, at least doubling the legacy pool of capital with more to come. This new pool of capital comes with the conditionality that it can only be accessed with a demonstration and commitment to sustainability. The most common question asked by the audience is how their company can get ahead of the curve, engage with their stakeholders, and differentiate themselves. #Sustainability #MiningIndustry #Investing #Capital #Finance #ResponsibleOperations #NetZero #NaturePositive #Stakeholders #Differentiation

Another money printing and government-backed funding of responsible mining does look realistic in the current economic downturn. Most of the COVID-19 printed money enriched the banks and did little for the ordinary people. Perhaps the way forward is to agree to pay premium prices for "green metals" traded on commodity markets e.g. LME. However, if you come down to the atomised level of day-to-day family budgets, shopping priorities visibly shifted from purchasing the Fare Trade products to just cheaper products. I am afraid poverty and consciousness do not mix well. We need to fix the economic misalignments in our society before championing climate change, net-zero and other good-doing actions. The question is, can we afford it? Let's be honest.