Master Investor Sector Focus:
Going for Gold
24 May 2023 | 12:30pm
About this webinar
With global uncertainty has come a renewed interest in the precious metal and we discuss the gold outlook with four companies in this space.
On 24 May 2023, Master Investor hosted four gold companies with exciting projects in development to help keep our investors ahead of the curve.
Watch the webinar
Speakers
Harry Anagnostaras-Adams
Executive Chairman
Harry Anagnostaras-Adams was founder or co-founder of Citicorp Capital Investors Australia, investment company Pilatus Capital, Australian Gold Council, EMED Mining, KEFI Minerals and Cyprus-based Semarang Enterprises. He has overseen a number of start-ups in those and their related organisations principally through the roles of Chairman, Deputy Chairman or Managing Director. He qualified as a Chartered Accountant while working with PricewaterhouseCoopers and has a Master of Business Administration from the Australian Graduate School of Management.
Natalie Bellis
Chief Executive Officer
Throughout her career, Natalie has been appointed across a wide range of Governance roles, including being a regulatory auditor for globally established brands such as Selfridges, EasyJet, Toyota and Nintendo. Natalie has also led large, well-known retail and financial services operations with over 500 employees in each sector, delivering their corporate strategies alongside chairing Corporate Risk Committees.
A highly experienced compliance specialist with a wealth of regulatory and administrative knowledge, Natalie has over 10 years in the sector and has a background specialising in creating and implementing governance frameworks and FCA regulations.
As CEO of The Seventy Ninth Group, Natalie’s role sees her managing and directing the company toward its primary goals and objectives, overseeing employment decisions at the executive level of the company and leading a team of executives to consider major decisions, including acquisitions, mergers, joint ventures, or large-scale expansion.
About The Seventy Ninth Group
The Seventy Ninth Group is an award-winning asset management company headquartered in the United Kingdom. Founded by serial entrepreneur David Webster and his two sons, Jake and Curtis Webster. The Seventy Ninth Group holds a unique and advantageous position in both the real estate and natural resource sectors, specialising in the acquisition, management and development of lucrative assets during times of economic turmoil and uncertainty.
A family-owned business, the Seventy Ninth Group is chaired by David and his sons, Jake and Curtis, along with an experienced board of directors most of whom derive from a banking & compliance background. The Seventy Ninth Group is renowned for its strong family values of loyalty, honesty, and reliability, and is respected by their clients globally.
Seventy Ninth™ Resources
Seventy Ninth Resources, based in the Republic of Guinea, is the natural resources arm of the company with a series of natural resources concessions that include gold, bauxite, iron ore and diamonds.
Alexander Scanlon
Founder
Alex is the founder of Barton Gold and a financial economist with ~20 years’ experience in financial analysis, consulting, structured finance and mining advisory, investment and management. He was previously Managing Director of PARQ Capital Management and a Director with Lusona Capital where he focused on corporate advisory and principal investments in the natural resources sector, and before that an Executive in the Principal Investments Area of Barclays Capital.
Alex is a graduate of Santa Clara University (BSc Finance Honours & BSc Economics Honours), the University of Oxford (MSc Financial Economics) and the University of Cambridge (MPhil Management).
Mark Child
CEO
Condor Gold Plc (AIM: CNR; TSX: COG) has a “construction ready” gold mine and has announced a sale of its assets. There are currently 4 non-binding offers, 2 site visit completed and 9 companies under a NDA. In late October 2022 Condor filed on SEDAR a NI 43-101 compliant Feasibility Study, sometimes referred to as a Bankable Feasibility Study on the fully permitted La India open pit. The Probable Mineral Reserve is 7.3Mt at 2.56g/t gold for 602,000 oz gold. Production averages 81,545 oz gold per annum for the first 6 years from the Mineral Reserve. Low initial capital requirement of US$105.5 million (including contingency and EPCM contract). Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold. Two permitted high grade feeder pits will be added during the early years of production thus increasing production ounces of gold. Early production is targeted at 100,000 oz gold p.a.
The immediate upside is highlighted in a Preliminary Economic Assessment Technical Report (“PEA”) filed in October 2021. The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold for the initial 9 years.
The Company’s La India Project is “construction ready”, having received the key Environmental Permit to construct and operate a 2,800tpd mine producing approximately 100,000 oz gold per annum from 3 open pits. Condor purchased a new SAG Mill package for US$6.5M. The land has been purchased and 14 hectares of site clearance completed for the processing plant. Condor’s La India Project has the potential to host an additional ~5M oz gold and has potential for copper.
Charlie Morris
Editor, The Multi-Asset Investor and Founder, ByteTree.com
Charlie Morris is editor of The Multi-Asset Investor and founder of ByteTree.com. He has 23 years’ experience in fund management and has a reputation for actively managed, multi-asset, absolute return portfolios. Charlie is also well known for his expertise in alternative assets such as Bitcoin and Gold, where he has created the BOLD Index.
In previous roles, Charlie was Head of Absolute Return at HSBC Global Asset Management where he managed $3bn of assets and was an officer in the Grenadier Guards, British Army.
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