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Money of Mine

The Best Use of Capital in a Gold Bull Market (Jeff Quartermaine)

Feb 21, 2025
31:33

It was our privilege to sit down with Perseus Mining CEO Jeff Quartermaine.

Jeff has run the West African gold miner for over a decade, helping take the company from a junior to where it is today.

We discussed the recent M&A drama involving Predictive, capital allocation in a world of US$3k/oz gold, his view on hedging as well as the all-important aspect of jurisdictional risk.

 

Chapters:

(0:00) Introduction

(1:33) Lundin and Zijin at Predictive

(3:00) M&A in hot gold market?

(7:20) Why buybacks make sense

(9:10) Cost discipline

(14:56) Riding the tailwind of country turnarounds

(21:56) Nuances of reporting costs

(26:55) Hedging

(28:36) Why one analyst just "got it"

 

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