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?