The Future Looks Different for Gold Mining Companies

In this episode, we chat to Ravi Sood, Chairman of Galane Gold who is a gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa, and the US.

Ravi is an entrepreneur with many business interests. He tells us about Galane Gold, its future prospects, and some of the other interests that Ravi is pursuing with the mining and resources space. We also talk about macroeconomics and what is happening in today’s financial world.

KEY TAKEAWAYS

• Gold is unique. Even in today´s digital world, it has a strong future.
• There is plenty of room in the industry for smaller operators.
• Mines that do not fit well into large companies’ profiles represent opportunities for other types of owners.
• Galane Gold likes to buy working mines that can be invested in and grown.
• Established mines come with strong working relationships and networks, which helps to get things done fast.
• There is usually also infrastructure already in place that can easily be upgraded.
• Transitioning their Botswana gold mine from open cast to underground has added decades of productive life to the asset.
• Galane Gold funds its own projects.
• The company is heavily insider-owned. Their key goal is to create value for the owners, so they take fewer risks.
• The economic situation we have now is mathematically intractable.
• The world cannot run the same playbook that got us out of trouble after WWII.
• Inflation will hurt a lot of people, but it is likely to be the way out of the current financial crisis.
• Precious metals and a few other assets tend to perform well in inflationary environments.
• Galane Gold´s current focus is ramping up production across their sites.
• They are also diversifying into solar and wind production.

BEST MOMENTS

‘Gold has played its role for a very long time, and even in this digital future, it is going to continue to have a role. ´

‘I think gold´s going higher and it is going to go there pretty quickly.’

‘If you´re taking something on, make sure that it is worthwhile.’

EPISODE RESOURCES

Ravi Sood - Chairman - Galane Gold Ltd. | LinkedIn 

Website – http://galanegold.com/ 

Email – ravi@galanegold.com 

VALUABLE RESOURCES

rob@mining-international.org 

https://www.linkedin.com/in/rob-tyson-3a26a68/ 

www.mining-international.org 

https://twitter.com/MiningConsult 

https://www.facebook.com/MiningInternational.org 

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3 

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org 

https://www.linkedin.com/in/rob-tyson-3a26a68/ 

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.