Dig Deep Lessons Learned During a 30 Year Mining Career With Steve Letwin Chairman of Cassiar Gold
In this episode, we chat to Steve Letwin, Chairman of Cassiar Gold, a Canadian exploration company focused on the exploration of its two gold projects in British Columbia — the Cassiar Gold and the Sheep Creek Gold projects.
Steve brings over 30 years of experience from the resource sector, where he specialises in corporate finance, operational management, and merger and acquisitions, including 10 years as President and CEO of IAMGOLD. He talks about his career, lessons he learned, and the importance of NPV within a mining company and discusses his exciting new project with Cassiar Gold.
KEY TAKEAWAYS
- Having a strong team on the ground and listening to them is vital. It makes the impossible possible.
- Hire locally and help the community to build the skills they need to continue to prosper even if the mine closes.
- You can't do it all. Get the right people in the right slots. Then, empower and equip them.
- Show your shareholders a path to success to maximise your share value.
- Cassier Gold has just over a million ounces, which are economically recoverable and of high value.
- There is already infrastructure, water, and power, from past mining activity, on-site.
- The relationship with the community is excellent.
- When it is easy to raise cash, raise as much as you can. Poor cash flow kills profitable companies.
- Gold has a huge future. The dollar as a haven is coming under pressure. Other reasons for gold´s strength are discussed in the episode.
- Invest in companies that can replace depletion.
- Junior CEOs always overestimate their honeymoon period. If you don't demonstrate progress, investors will leave.
BEST MOMENTS
‘If you give people the opportunity to succeed, they will perform. ´
‘Never lose control of the balance sheet and get into the position where you have to give the company away.’
‘I see a very, very robust future for commodities.’
EPISODE RESOURCES
Website: https://cassiargold.com/
Shirley Antony Cassiar Gold LinkedIn: https://ca.linkedin.com/in/shirley-anthony-5a93348
Shirley Antony Cassiar Gold Email: shirley@cassiargold.com
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
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 insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the 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 client's organizations 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.
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 about 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.