Gold industry must seek out broader investor base
Thursday, October 22, 2020 - 2:19:47 PM
Mining Weekly

The CEO of London’s newest gold miner says the precious metals sector is relatively small and unknown outside the specialist investor community and it is up to gold mining companies to seek out a broader investor base.

“We must be in active pursuit of fertile investment opportunities and make the case for the investment thesis in our sector and, of course, our company. The broader investment community will not come looking for us, we have the obligation to look for it,” says Marrone in his latest blog.

Having recently listed in London, he stresses that it is not an abandonment of what the company has with its existing listings in New York and Toronto. Instead, the company is “following the money”.

Marrone also says it is an "ideal time" to get to know the gold mining sector and invest.

“We appear to be in the early stages of a secular bull cycle for gold and, despite the strong performance of gold mining companies in the last 18 months or so, there is considerable long-term upside. This up cycle for gold mining companies has legs and intends to run them.

“Gold mining companies have heeded the lessons of the last bull cycle. As a result, balance sheets today are strong, capital discipline is firm, investment is focused on profitability and cash flows, returns are increasing, while M&A activity is measured and judicious.”


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