Money of Mine
Why these 2 miners led the bloodbath
Mar 11, 2025
The podcast dives into the recent turmoil in the mining sector, highlighting a dismal day for stocks and ongoing market challenges. It discusses a 17-year plan for Mount Magnet and the impact of financial adjustments required for lower-grade ore. Cobalt's drastic price decline due to oversupply from the DRC and Indonesia is another key topic, alongside the intricate supply-demand dynamics shaped by geopolitical factors. The speakers also explore investment uncertainties in Argentina's mining landscape, emphasizing the need for regulatory stability in this cyclical industry.
46:48
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Quick takeaways
- Ramelius is focusing on a long-term mine plan for Mount Magnet despite short-term stock price challenges, indicating a strategic prioritization of resource extraction.
- Amidst low cobalt prices and government policy shifts in Indonesia, innovative investment opportunities are emerging, highlighting a potential future change in the cobalt market dynamics.
Deep dives
Market Overview and Remilius Update
The podcast highlights a challenging day in the share market, with most companies struggling to show positive performance, except for a few isolated exceptions like Aurelia. Remilius is specifically examined, as it faces significant stock price drops despite releasing a new long-term mine plan for Mount Magnet spanning 17 years, targeting 2.1 million ounces of gold. The plan includes a major pit cutback at Erinatus, which is expected to delay underground mining and increase initial capital expenditures significantly. The discussion points out the trade-off Remilius is making by prioritizing long-term resource extraction over short-term market reactions.
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