The Northern Miner Podcast

This episode is all about base metals, with the latest news in iron ore, copper and zinc. And the biggest news of all is the imposition of sanctions by the U.S. government on Russian aluminum giant Rusal, whose shares immediately dropped by more than 50%, and the turmoil this has created in global aluminum markets. Plus, a look at the past month of trading of mining stocks on Canadian exchanges and a new episode of Ric's Picks. A big thank you to our regular podcast sponsors the Yukon Mining Alliance (www.yukonminingalliance.ca) and the Grosso Group (www.grossogroup.com). Music Credits: "Miami Nights - Main Theme", "Andrea's Theme", "I can feel it coming" 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/

In this episode Northern Miner editor-in-chief John Cumming and senior staff writer Trish Saywell take a look back at the remarkable life and career of Barrick Gold founder Peter Munk, who died on March 28. From humble origins as a immigrant to Canada, Munk's business savvy shone bright through a series of ventures that ranged from consumer electronics and South Pacific resorts to gold mining and real estate. In addition to our regular podcast sponsors the Yukon Mining Alliance (www.yukonminingalliance.ca) and the Grosso Group (www.grossogroup.com), we welcome our Mining Minute sponsor SRK Consulting (www.srk.com/en). Related story links: Barrick to continue gold acquisition http://www.northernminer.com/news/barrick-to-continue-gold-acquisition/1000171880/ Profile: Robert Smith: ALL THE RIGHT MOVES http://www.northernminer.com/news/profile-all-the-riaght-moves/1000123651/ Nevada gold mine forms foundation for Barrick http://www.northernminer.com/news/nevada-gold-mine-forms-foundation-for-barrick/1000125179/ `Mining Man of Year’ awarded jointly to Barrick’s Munk and Smith http://www.northernminer.com/news/mining-man-of-year-awarded-jointly-to-barrick-s-munk-and/1000133878/ 1994: A LOOK BACK — The events that led to . . .The making http://www.northernminer.com/news/1994-a-look-back-the-events-that-led-to-the-making/1000139679/ Barrick aims to take top spot in gold production http://www.northernminer.com/news/barrick-aims-to-take-top-spot-in-gold-production/1000160864/ PDAC honors Felderhof and Munk http://www.northernminer.com/news/pdac-honors-felderhof-and-munk/1000161593/ OBITUARY — Robert Smith http://www.northernminer.com/news/obituary-robert-smith/1000101402/ Munk, James enter Canadian Mining Hall of Fame http://www.northernminer.com/news/munk-james-enter-canadian-mining-hall-of-fame/1000110859/ Barrick looks for 2003 turnaround http://www.northernminer.com/news/barrick-looks-for-2003-turnaround/1000118619/ Metals Commentary: Barrick’s hedging moratorium explained http://www.northernminer.com/news/metals-commentary-barrick-s-hedging-moratorium-explained/1000155359/ Barrick eyes last bite of Placer http://www.northernminer.com/news/barrick-eyes-last-bite-of-placer/1000201392/ Regent takes reins at Barrick http://www.northernminer.com/news/regent-takes-reins-at-barrick/1000089604/ Barrick Raising US$4B To Slash Hedge Book http://www.northernminer.com/news/barrick-raising-us-4b-to-slash-hedge-book/1000341381/ Editorial: Is Barrick tired of gold? http://www.northernminer.com/commodities-markets/is-barrick-tired-of-gold/1000409128/ Miners open their wallets at ‘Rock of Ages’ gala http://www.northernminer.com/news/miners-open-their-wallets-at-rock-of-ages-gala/1000519462/ Munk gives $18M to heart research http://www.northernminer.com/news/munk-gives-18m-to-heart-research/1000717239/ Munk, Bharti give millions to Ontario institutions http://www.northernminer.com/news/munk-bharti-give-millions-to-ontario-institutions/1000732205/ Lumwana’s margins below Barrick’s expectations http://www.northernminer.com/news/lumwanas-margins-below-barricks-expectations/1000954827/ Editorial: Barrick hints at Munk’s retirement http://www.northernminer.com/people-in-mining/barrick-hints-munk-may-soon-retire/1002710720/ Editorial: Barrick-Newmont fling ends in acrimony http://www.northernminer.com/financial-matters/editorial-barrick-newmont-fling-ends-in-acrimony/1003039906/ Editorial: Barrick goes CEO-less, doubles down on presidents http://www.northernminer.com/commodities-markets/editorial-barrick-goes-ceo-less-doubles-down-on-presidents/1003173879/ Music Credits: "Miami Nights - Main Theme", "Andrea's Theme", "I can feel it coming" 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/

In this episode we take a journey deep into the jungle of Suriname to talk to some of the people behind Iamgold's turnaround of its Rosebel gold mine. Once slated to close in 2018, mine life now extends past 2028, with over 14 million oz. gold in resources. Featured interview by editor-in-chief John Cumming with GM Suresh Kalathil, CFO Gord Stothart and VP of Exploration Craig MacDougall. We have breaking news of Peter Munk's passing, and then appearances by Northern Miner publisher Anthony Vaccaro to talk about the upcoming Canadian Mining Symposium in London on April 24-25, staff writer Richard Quarisa with his "Ric's Picks" segment and online editor Adrian Pocobelli to review the latest social media postings and trends including Bitcoin, James Turk, James Dines and #MeTooMining. In addition to our regular podcast sponsors the Yukon Mining Alliance (www.yukonminingalliance.ca) and the Grosso Group (www.grossogroup.com), we welcome this month's Mining Minute sponsor SRK Consulting (www.srk.com/en). Related story links: Editorial: Glimmers of hope for uranium miners http://www.northernminer.com/news/editorial-glimmers-of-hope-for-uranium-miners/1003795038/ Site visit: Iamgold turns around Rosebel in Suriname http://www.northernminer.com/news/site-visit-iamgold-turns-around-rosebel-in-suriname/1003795015/ Bitcoin versus gold debate at PDAC, archived on Facebook: https://www.facebook.com/190183217710201/posts/10156357631023958 John Davies on Twitter: https://twitter.com/renegadestyle/status/978360391800705024 Music Credits: "Miami Nights - Main Theme", "Andrea's Theme", "Outfoxing the Fox", "I can feel it coming" 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/

Join The Northern Miner's Toronto editorial team as we survey the latest in the junior mining scene in Canada and beyond. Editor-in-chief John Cumming looks at declining metal prices, junior gold M&A and recent market stats; senior staff writer Trish Saywell reports on banking and newsletter panels at the PDAC; and staff writer Richard Quarisa digs up intriguing mining company stories in his Ric's Picks segment. In addition to our regular podcast sponsors the Yukon Mining Alliance (www.yukonminingalliance.ca) and the Grosso Group (www.grossogroup.com), we welcome this month's Mining Minute sponsor SRK Consulting (www.srk.com/en). This is followed by our feature interview with Brady Fletcher, managing director of the TSX Venture Exchange (www.tsx.com). Follow Brady on his twitter feed at https://twitter.com/fletcher_brady .   Articles referenced: Hecla to acquire Klondex for US$462 million http://www.northernminer.com/people-in-mining/hecla-to-acquire-klondex-for-us462-million-in-cash-and-shares/1003794872/ Editorial: New DRC tax rates chasten foreign miners http://www.northernminer.com/news/editorial-new-drc-tax-rates-chasten-foreign-miners/1003794691/ PDAC 2018: Bankers on lessons learned, exploration, finance trends http://www.northernminer.com/news/pdac-bankers-discuss-lessons-learned-exploration-mine-finance-trends/1003794607/ Music Credits: "Miami Nights - Main Theme", "Andrea's Theme", "Outfoxing the Fox", "I can feel it coming" 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/

The Northern Miner podcast takes a turn this week as it relocates to our Toronto head office with a new cast of regular hosts including editor-in-chief John Cumming, senior staff writer Trish Saywell, staff writer Richard Quarisa and online editor Adrian Pocobelli. We start with a salute to our Mining Person of the Year for 2017: Sean Boyd of Agnico Eagle Mines. We then move into a quick review of commodity prices, recent DRC news, and a look at some of the exploration and mining stats that were released during the Prospectors & Developers Association of Canada convention. In addition to our regular podcast sponsors the Yukon Mining Alliance (www.yukonminingalliance.ca) and the Grosso Group (www.grossogroup.com), we welcome this month's new Mining Minute sponsor SRK Consulting (www.srk.com/en). We introduce a new segment called "Ric's picks", where Richard tells us of a few miners that caught his eye on the stock market in the past week. That's followed by a feature interview with Stephen Stewart, who is a CEO of Orefinders Resources (www.orefinders.ca) and a director and co-founder of the Toronto chapter of the Young Mining Professionals (www.youngminingprofessionals.com). Articles referenced: Agnico Eagle’s Sean Boyd is TNM’s Mining Person of the Year http://www.northernminer.com/people-in-mining/agnicos-sean-boyd-tnms-mining-person-year/1003794361/ Editorial: New DRC tax rates chasten foreign miners http://www.northernminer.com/news/editorial-new-drc-tax-rates-chasten-foreign-miners/1003794691/ Facts ‘n’ Figures: BC mining and exploration see resurgence, study finds http://www.northernminer.com/news/facts-n-figures-bc-mining-exploration-sees-resurgence-study-finds/1003794648/ Helicopter attacked in mid-air 
at Tahoe’s Escobal http://www.northernminer.com/news/helicopter-flying-tahoes-escobal-mine-attacked/1003790366/ Catherine Raw, Stephen de Jong named ‘Young Mining Professionals of the Year’ http://www.northernminer.com/news/ymp-test/1003793693/ Orefinders assembles 
western Abitibi land package http://www.northernminer.com/news/orefinders-assembles-abitibi-land-package/1003792140/ Music Credits: "Miami Nights - Main Theme" by Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're exploring coverage from BMO Capital Markets global metals and mining conference in Hollywood, Florida! The event features all the industries biggest players, as well as up-and-coming developers and explorers. We dig into the outlook for all our major commodities! Meanwhile, we specifically take a look at recent gold price movement vis-à-vis initial commentary from the new Chair of the U.S. Federal Reserve, Jerome Powell. What are the outlooks in precious metals moving forward? Also what's up with copper and recent reports on Chinese manufacturing data? It is also the episode wherein we wish farewell to Matt, who is off toward new endeavours! Finally, staff writer Richard Quarisa returns with the Mining Minute, which features president and CEO of Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF), Joseph Grosso. (5:40) The company advanced its Chinchillas silver project in Jujuy Province from discovery to development in just five years. It now holds a 25% share of Puna Operations, a joint venture company operated by SSR Mining (TSX: SSRM; NASDAQ: SSRM). Articles referenced: Barrick, Acacia struggle to find common ground in Tanzania: www.northernminer.com/news/barrick-a…ia/1003790738/ Site visit: Big gets bigger for Agnico, Yamana at Canadian Malartic: www.northernminer.com/news/site-visi…ic/1003789872/ Site visit: Agnico declares commercial production at Goldex’s Deep 1 project: www.northernminer.com/news/site-visi…ct/1003788698/ Kinross solidifies plans at Tasiast, Round Mountain: www.northernminer.com/news/kinross-g…in/1003789631/ Newmont moves forward with Ahafo expansion: www.northernminer.com/news/newmont-m…on/1003786565/ Music Credits: "Acid Jazz" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Octo Blues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

We're digging into the North American gold producers and talking fourth-quarter, and annual, production results. We'll also take a look at 2018 guidance and what the next few years might hold for the big Canadian and U.S. gold miners. Matt covers the production, and financial, reports for Barrick Gold (TSX: ABX; NYSE: ABX), Newmont Mining (NYSE: NEM), Goldcorp (TSX: G; NYSE:GG), Kinross Gold (TSX: K; NYSE: KGC), and Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Who outperformed, who disappointed, and what do the next five years hold? We also discuss gold price movement relative to the U.S. economy, check out a supply-demand update from the The International Copper Study Group (ICSG), and look at copper, nickel, and lead. Finally, staff writer Richard Quarisa returns with the Mining Minute, which features president and CEO of Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF), Joseph Grosso. (5:40) The company advanced its Chinchillas silver project in Jujuy Province from discovery to development in just five years. It now holds a 25% share of Puna Operations, a joint venture company operated by SSR Mining (TSX: SSRM; NASDAQ: SSRM). Articles referenced: Barrick, Acacia struggle to find common ground in Tanzania: http://www.northernminer.com/news/barrick-acacia-struggle-find-common-ground-tanzania/1003790738/ Site visit: Big gets bigger for Agnico, Yamana at Canadian Malartic: http://www.northernminer.com/news/site-visit-big-gets-bigger-agnico-yamana-canadian-malartic/1003789872/ Site visit: Agnico declares commercial production at Goldex’s Deep 1 project: http://www.northernminer.com/news/site-visit-agnico-declares-commercial-production-goldexs-deep-1-project/1003788698/ Kinross solidifies plans at Tasiast, Round Mountain: http://www.northernminer.com/news/kinross-greenlights-expansions-tasiast-round-mountain/1003789631/ Newmont moves forward with Ahafo expansion: http://www.northernminer.com/news/newmont-moves-forward-ahafo-expansion/1003786565/ Music Credits: "Acid Jazz" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Octo Blues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

We're going high-tech this week with a focus on technology minerals and an update on the cobalt market. Matt is joined by Cobalt 27 Capital’s (TSXV: KBLT) chairman and CEO Anthony Milewski to chat about the global buzz around renewable energy and what the story over the past six months. (8:55) Anthony cites the acceleration of the electric-vehicle (EV) industry, and how grid power will play a major role in technology markets heading forward. We talk about the availability of capital, the deal with vanadium, and what investors might be missing in the EV opportunity! Matt also ruminates on Capstone Mining's (TSX: CS) recent sale of the Minto copper mine in the Yukon to U.K.-based Pembridge Resource (LON: PERE). The deal included US$37.5 million in cash, plus working capital adjustments, and shares representing 9.9% of Pembridge. (30:00) And we dig into the buzz on platinum group metals (PGMs). (4:35) Finallly, staff writer Richard Quarisa returns with the Mining Minute, which features president and CEO of Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF), Joseph Grosso. (5:40) The company advanced its Chinchillas silver project in Jujuy Province from discovery to development in just five years. It now holds a 25% share of Puna Operations, a joint venture company operated by SSR Mining (TSX: SSRM; NASDAQ: SSRM). Articles referenced: Cobalt 27 offers ‘pure play’: www.northernminer.com/news/cobalt-27…re/1003787537/ Golden Arrow teams up with Silver Standard in Argentina: www.northernminer.com/news/golden-ar…na/1003786012/ Lithium Snapshot: Six juniors with active projects: http://www.northernminer.com/news/lithium-snapshot-six-juniors-active-projects/1003793606/ Nemaska Lithium upsizes Whabouchi production plans: http://www.northernminer.com/news/nemaska-lithium-upsizes-quebec-production-plans/1003792975/ Editorial: Cobalt positioned to enjoy strong year: http://www.northernminer.com/news/editorial-cobalt-positioned-enjoy-strong-year/1003793534/ Music Credits: "Acid Jazz" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Octo Blues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're digging into the recent wild ride on North American equity markets (1:00) and talking about the current mining climate in the United States. Matt also talks Barrick Gold's (TSX: ABX; NYSE: ABX) US$420 million write-down at the Pascua-Lama project on the Chile-Argentina border. (2:56) Matt is joined by the Mercenary Geologist, Mickey Fulp, to drill down into the impact of regulatory and investment changes from the Trump presidency, and what it means for mining in the U.S. (12:00) Mickey counts down the reasons he loves Nevada as a mining jurisdiction (24:00), and notes an uptick in recent U.S. mining deals by Canadian juniors, including: Integra Resources (CSE: ITR), Northern Empire Resources (TSXV: NM; US-OTC: PSPGF), and Allegiant Gold (TSX-V:AUAU). (29:00) We discuss the details of the U.S. sage-grouse conservation plan and how it influences exploration opportunities. (18:40) Mickey also shares some thoughts on the U.S. stock markets and metal prices. (31:00) Finallly, staff writer Richard Quarisa returns with the Mining Minute, which features president and CEO of Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF), Joseph Grosso. (36:00) The company advanced its Chinchillas silver project in Jujuy Province from discovery to development in just five years. It now holds a 25% share of Puna Operations, a joint venture company operated by SSR Mining (TSX: SSRM; NASDAQ: SSRM). Articles referenced: ‘Integra 2.0’ to buy dormant DeLamar mine from Kinross: http://www.northernminer.com/news/integra-2-0-buy-dormant-delamar-mine-kinross/1003789979/ Golden Arrow teams up with Silver Standard in Argentina: http://www.northernminer.com/news/golden-arrow-teams-silver-standard-argentina/1003786012/ Northern Empire rises again with an eye on Alaskan gold: http://www.northernminer.com/financial-matters/northern-empire-rises-again-with-an-eye-on-alaskan-gold/1003605465/ Columbus Gold plans spin-out of US projects: http://www.northernminer.com/news/columbus-gold-plans-us-focused-allegiant-spin/1003791408/ Music Credits: "OctoBlues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Acid Jazz" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're talking cash, capital markets, and industry trends heading into 2018. Matt is joined on the floor of the Vancouver Resource Investment Conference (VRIC) by Oxygen Capital founder and chairman Mark O'Dea to dig into the current state of the market and the recent rally in commodity prices. (6:55) O'Dea has built 9 companies over the past 15 years generating $3 billion in shareholder returns. He recounts his experience financing, and building, the Karma gold mine in Burkina Faso with True Gold Mining during the recent downturn. The company was acquired by Endeavour Mining (TSX: EDV) for $240 million in late 2016. (9:45) We also chat about alternative financing models, access to capital, and greenfield exploration. O'Dea outlines Oxygen's two most recent base-metal projects, namely: Discovery Metals (TSXV: DSV; US-OTC: AYYBF) in Mexico; and Sun Metals in B.C. Meanwhile, Matt drills down into Pretium Resources' (TSX: PVG; NYSE: PVG) recent struggles in the market following an underperformance during ramp-up at its flagship Brucejack underground mine in British Columbia's Golden Triangle. (22:08) He discusses the events leading up to The Northern Miner's exclusive interview with Pretium president and CEO Joseph Ovsenek, and some of the company's responses to the market criticism. Finally, we're joined by Phil Hopwood, the global mining leader at Deloitte, to discuss the firm's recent industry report, Tracking the trends in 2018: The top 10 issues shaping mining in the year ahead. (29:20) We outline trends in the industry over the past decade (30:40), the current mining cycle (33:53), financing exploration (41:00), and technology metals (48:10). Articles referenced: Exclusive interview: Pretium’s Ovsenek responds to Brucejack ramp-up criticisms: http://www.northernminer.com/news/exclusive-interview-pretiums-ovsenek-brucejack-ramp-criticisms/1003793482/ BMO: Pretium provides ‘more questions than answers’ at Brucejack: http://www.northernminer.com/news/bmo-pretium-provides-questions-answers-brucejack/1003793406/ Sun Metals drills Stardust polymetallic project in BC: http://www.northernminer.com/news/sun-metals-drills-stardust/1003793061/ Editorial: Cobalt positioned to enjoy strong year: http://www.northernminer.com/news/editorial-cobalt-positioned-enjoy-strong-year/1003793534/ Video: Progressive Mine Forum 2017: www.northernminer.com/news/progressi…am/1003790631/ BMO’s Hamilton on industrial and commodity outlook: www.northernminer.com/news/bmos-hami…ok/1003792601/ Music Credits: "OctoBlues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/