A decade of pain and three months of 'beautiful times' - Steve de Jong on mining's long cycles
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- Опубліковано 5 тра 2024
- Resource investors are living in the "best environment", noted Steve de Jong, CEO of VRIFY.
Last week Jeremy Szafron, anchor at Kitco News, interviewed de Jong.
De Jong discussed the impacts of high commodity prices on mining equities, the complexities surrounding mining permits, and potential increases in mergers and acquisitions.
The metal sector has been on an upswing with gold hitting several all-time highs in 2024 and copper prices rallying. De Jong noted that the cycles are long.
"Those of us been in the sector for enough years...you get three months of beautiful times and then 9 3/4 years of absolute pain," said de Jong. "Last year was just another one of those years. I'm an internal optimist. You have to be in this sector, but seeing these commodity prices take off...you hear a lot of chatter about how come the equities aren't reacting to the commodity prices. To me that's the best environment in the world because that is your opportunity. The upside is shrinking by the moment," said de Jong.
VRIFY is a technology platform that helps resource companies present their businesses. VRIFY, which is based in Vancouver, serves over 130 clients across 70 countries, including mineral exploration companies Southern Cross Gold and Integra Resources, as well as major mining companies Teck and Kinross Gold. Last year the company announced a $6 million series-A raise.
Prior to VRIFY, de Jong was president and CEO of Integra Gold, a Quebec-focused resource exploration company focused on advancing the Lamaque Gold Project. De Jong led the business from a C$10 million valuation in 2012 to a C$590 million acquisition by Eldorado Gold Corporation in 2017. The Lamaque Gold Project is now a fully operational mine which produces approximately 200,000 ounces of gold per year and employs more than 400 people from the local community.
The conversation also covered how technological advancements are reshaping exploration and investment within the mining industry, offering insights into the macro-outlook for 2024 amid rising metal prices and evolving market dynamics.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow VRIFY on X: @VRIFYTechnology ( / vrifytechnology )
00:00 - Introduction and State of the Mining Sector
02:15 - High Commodity Prices and Their Impact on Equities
04:07 - Retail Interest and Investment Trends in Mining
06:01 - Permitting Risks and Political Impacts on Mining
08:06 - Technological Advancements and Efficiency in Mining
10:21 - The Future of Mining Exploration with AI and Tech
13:06 - Mergers and Acquisitions: Current Landscape and Predictions
16:28 - Closing Remarks and Outlook for 2024
#preciousmetals #gold #miningstocks #copper #MiningIndustry #CommodityPrices #JuniorMiners #MiningTechnology #InvestmentTrends #MiningExploration #KitcoNews #Mining2024 #mining
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Very interesting. I have been mining for years but haven't come up with anything. My backyard is a total mess.
Tech, AI, and intelligence in marketing and mining all coming together! What's not to like? Thanks Jeremy Szafron and Kitco Mining!
I'll believe it when I see it.
Commodity prices aren't skyrocketing!!!
Thank you guys¡¡Amazing interview¡¡See you¡¡
Good interview.
Great interview!
All the top people in the space should get on top podcast s out of the sector to get outsiders interested in investment
Miners have ran up in price recently so the question is which ones are undervalued and offer good risk-return? What are people looking at? Maybe BTG? Apart from that are there any others that offer good value right now??
I'm buying BTG and holding for the next year or two as I accumulate as much as I can now and DCA more stock.
The biggest position in my small portfolio is BTG. Unless the Malian coup government seizes the mine wholesale BTG is *deeply* discounted against this year's forward gold yield. Let alone the year after when their Canada project ramps up in earnest
It used to be my favourite mining stock. Unfortunately now it's an underperformer. I bought it a month ago at 3.60 Canadian and sold it at 3.90. The fact that it's up 7% since the end of February while the rest of the sector is up 30% says quite a bit. It pays a great dividend though!
@@kqh123 it has not touched anywhere near 3.90 in nearly a year so who did you sell your shares to for 3.90?
@@roychin6460 if you'll note, I said Canadian. It trades in Canada as well, ticker BTO
@@roychin6460he’s dreaming, like most investors in this sector
I'm public mining they need to use drill holes and gold per on technical analysis if there are no earnings
M&A season for juniors is upon us
👍
Just too many good arguments to buy miners! Just do it!!!
Stock market is going nowhere for awhile!
Long ASM,AG,HL,EQX,EXK,NGD,SAND,MTA,AEM,BTG,MAG,ASM,ISVLF.......
Are these all Australian?
AG totally overvalued
🧐🫨👽🤫🤔 Interesting.
The young people are attracted to asset appreciation. They have little chance of becoming wealthy so they find lottery ticket “investments” appealing. If they see miners 10x’ing they will jump in. They don’t care about fundamentals at all
Using AI as another tool to con????
He feels uncomfortable because he must lie.This secor is extremely manipulated and not working for the normal share-holder.
This guy has a Dutch name and face but not a Dutch accent.
He's Canadian. Many people of Dutch heritage.
Tony Beets has his accent 🤣
That’s a new one, Dutch face lol
MMC.ASX Silver & Gold junior stock! 😊