Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold Royalty (NYSE: GROY) CEO David Garofalo joined the second day of The Northern Miner‘s Canadian Mining Symposium October 12-13 in London.
Garofalo, who is also co-chair of GoldMining (TSX: GOLD; NYSE: GLDG), said governments should “stay out of the way” of mining projects because long lead times, unclear regulations and overlapping jurisdictions all drive away investment. A new Canadian Supreme Court ruling could help, he said.
He also covered how investors must back junior explorers to reverse the global trend of falling gold production, dismissed nationalism and championed the crucial role water recycling plays in mining.
Watch his full conversation with The Northern Miner’s podcast host Adrian Pocobelli:
