Episode 145: Miners should adapt to reality, ft Iamgold CEO Steve Letwin

This episode features a speech on the difficulties of raising capital by Steve Letwin, Iamgold president and CEO, at The Northern Miner's Canadian Mining Symposium, which took place at Canada House in London in May 2019.  In his trademark plain-spoken style, Steve explains the pre-eminent importance of cash flow to the current market environment and why capital intensive businesses such as junior mining will continue to struggle with passive investors. Topics include: 2019 as the worst year in a decade for raising equity; whether consolidation is needed in the mid-tier gold mining space; the need for self-funding models; and the importance of listening to shareholders. Our “Mining Minute” sponsored segment has Peter Corcoran, vice-president of Sandvik Mining and Rock Technology Canada, speaking on Sandvik’s R&D and its work on Barrick Gold's Hemlo mine. Visit www.rocktechnology.sandvik/en/contact-us/world/americas/canada/ and www.home.sandvik/en/ for more information. This podcast is sponsored by the Yukon Mining Alliance (www.yukonminingalliance.ca). Music Credits: “Miami Nights – Main Theme” and “Hiding Your Reality” by Kevin MacLeod (www.incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/