

Episode 69: Strategies for miners with extra cash & XRF tech
Aug 1, 2017
49:14
This week we're digging deep into capital allocation courtesy of our all-star panel discussion from the Canadian Mining Symposium in London, U.K., in May. Discussion ranges from mergers and acquisitions to dividend policy, and beyond!
The panel members include: Stephen R. Mullowney, managing director & partner, Consulting & Deals, PwC; Patrick Anderson, president and CEO, Dalradian Resources; Rob McEwen, executive chairman, McEwen Mining; Ed Sterck, director, BMO Capital Markets; Ian Pearce, chairman, New Gold; and moderator John Cumming, Editor-in-chief, The Northern Miner.
Meanwhile, Lesley digs into x-ray fluorescence technology (XRF) in reference to Barrick Gold's (TSX: ABX; NYSE: ABX) ongoing socio-political issues in Tanzania.
The Canadian major holds a 63.9% equity interest in Acacia Mining (LON: ACA); the the largest gold producer in the African country with three operating mines, namely: Bulyanhulu, Buzwagi and North Mara. Barrick has been negotiating with the Tanzanian government over a halt on concentrate exports that President John Magufuli instituted on March 3.
Timeline:
2:42 Touch of macro ft. copper, gold, and met coal
6:31 Panel discussion of TNM/PwC report — ‘Strategies for excess cash’
7:05 The Geology Corner ft. Acacia Mining and XRF technology
Articles referenced:
Barrick, Acacia at odds with gov’t in Tanzania: http://www.northernminer.com/news/update-barrick-acacia-embroiled-political-turmoil-tanzania-2/1003787257/
Video: Panel discussion of TNM/PwC report — ‘Strategies for excess cash’: http://www.northernminer.com/video/panel-discussion-tnmpwc-report-strategies-excess-cash/1003787416/
Video: Lifetime Achievement Award and fireside chat with Robert Friedland: http://www.northernminer.com/news/lifetime-achievement-award-fireside-chat-robert-friedland/1003787371/
GT Gold surges on greenfield discovery in BC’s Golden Triangle: http://www.northernminer.com/news/gt-gold-surges-greenfield-discovery-bcs-golden-triangle/1003788300/
PDAC 2017: Copper, zinc looking good for 2017: www.northernminer.com/commodities-ma…17/1003784440/
Robert Friedland, Lukas Lundin, David Garofalo and Kelvin Dushnisky to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/
Music Credits:
Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy)
Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported
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Isolated Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
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Beach Bum Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
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