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The Red Flag to Look for at Miners (Sean Russo Interview)
Manage episode 419936487 series 3359702
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.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
Buy Money of Mine MERCH
Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group.
(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?
325 episodes
Manage episode 419936487 series 3359702
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.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
Buy Money of Mine MERCH
Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group.
(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?
325 episodes
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