The Red Flag to Look for at Miners (Sean Russo Interview)

We had the pleasure of sitting down with Sean Russo for an in-person chat about all the trends in mine financing and hedging.

Sean is a wealth of knowledge on how gold miners get their operations going (from a financial perspective), the history of how companies have got in & avoided financial trouble and what he’s seeing right now at certain miners that is a cause for concern. 

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(0:00:00) Introduction

(0:01:53) Sean Russo back for a hedging spectacular

(0:08:37) Do costs fall as the gold price falls?

(0:11:37) Fuel hedging

(0:13:02) Capricorn's hedging

(0:15:31) Saracen vs Regis in 2000's

(0:19:52) Unhedged vs hedged gold miners

(0:29:27) Ramelius vs Westgold

(0:34:41) Approach for undeveloped projects

(0:44:20) Raising equity vs debt

(0:50:37) Put options vs hedging

(1:08:57) What could cause a gold price fall?