Money of Mine

There was plenty for us to explore today, starting with Boss Energy’s dealing with Laramide.

We then explored the potential for First Quantum to restart Cobre Panama, before moving south to Solgold on the news that Jiangxi now holds 12% of their stock.

Lastly, we touch on the WA gold space following Ora Banda’s latest drill success.

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Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode)

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Mineral Mining Services – Your preferred mining contractor

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Sandvik Ground Support – The only ground support you’ll ever need

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CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors

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K-Drill – Safe, reliable, and productive surface RC drilling

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WA Water Bores – WA’s premier water well drilling company

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Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.

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(0:00:00)Introduction

(0:01:20)Boss creep up on Laramide

(0:07:16)When will First Quantum restart Cobre Panama?

(0:20:57)Will someone finally buy Solgold's Cascabel

(0:34:18)What does drillbit success mean for OBM

We’re joined by Matt Warder for a great chat about met & thermal coal markets, what recent events have done to prices, what the transition away from these commodities will look like, which companies stand out and the age old dividend vs buyback debate.

Enjoy the yarn!

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Coal Trader Substack

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:

Axis Mining Technology - Drill hole survey instrumentation experts

[email protected] - +61 (8) 9317 6911

Mineral Mining Services – Your preferred mining contractor

[email protected] - 1300 546 117

VRIFY – Communicate in 3D

[email protected]

GetWet Solutions – Innovative bladder tanks for mobile water storage

[email protected] - +61 475 627 569

DSI Underground – Ground support gurus

https://www.dsiunderground.com/contact

Silverstone – Energy solutions for your business

[email protected]

CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors

[email protected] - +61 2 9493 6100

WA Water Bores – WA’s premier water well drilling company

[email protected] - +61 429 695 538

K-Drill – Safe, reliable, and productive surface RC drilling

[email protected]

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Money of Mine on YouTube + Twitter
(0:00:00)Matt Warder on MoM
(0:01:21)The market temperature
(0:05:07)Fire at Longview
(0:06:43)Spot vs contracts markets
(0:08:30)Historical trends in coal market
(0:12:03)Nat gas capping thermal coal
(0:15:27)Coal qualities
(0:18:50)Structural bottom in met coal
(0:23:17)Market sensitivety when supply is interrupted
(0:26:13)Why majors have sold
(0:31:23)Market fragility
(0:38:05)Dividends vs buybacks
(0:40:39)Over vs under

We had Ahmad Saleem back on the poddy to chat about copper.

Our discussion ventured from whether the much anticipated bull market will emerge, why majors target porphyry deposits, if it’s better to buy vs build, what juniors should target, what we can learn from the venture capital funding system and a heap more.
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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:

Axis Mining Technology - Drill hole survey instrumentation experts

[email protected] – call Shaun Oehlman - +61457053260

Mineral Mining Services – Your preferred mining contractor

[email protected] - 1300 546 117

VRIFY – Communicate in 3D

[email protected]

SMEC Power & Technology - Variable speed ventilation solutions and everything mining electrical

Marty Law - [email protected] - +61 439 917 192

DSI Underground – Ground support gurus

https://www.dsiunderground.com/contact

Silverstone – Energy solutions for your business

[email protected]

CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors

[email protected] - +61 2 9493 6100

Greenlands Equipment – Turnkey mine water management

[email protected] - +61 447 178 806

K-Drill – Safe, reliable, and productive surface RC drilling

[email protected]

We use SPARK - Market data for active ASX Traders - https://sparktrader.com

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(0:00:00)Introduction
(0:02:56)Copper contrarian take
(0:06:23)Development timelines
(0:09:40)Risky jurisdictions
(0:16:23)Different deposit styles
(0:19:10)Exploration strategies of major miners
(0:22:45)Differences between porphyry's and the others
(0:26:38)Copper price forecasting
(0:40:11)BHP in South Australia
(0:43:22)Sandfire in Spain, Africa
(0:51:10)Mongolia
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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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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

[email protected]

GetWet Solutions – Innovative bladder tanks for mobile water storage

[email protected]

DSI Underground – Ground support gurus

https://www.dsiunderground.com/contact

Silverstone – Energy solutions for your business

[email protected]

CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors

[email protected]

WA Water Bores – WA’s premier water well drilling company

[email protected]

Brooks Airways – Perth’s leading charter flight operators

[email protected]

K-Drill – Safe, reliable, and productive surface RC drilling

[email protected]

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?

We start with the hottest news of the day, South32 (S32) selling one of their strongest cash producing assets Illawarra.

Next, we dive into Emerald Resources (EMR) half year result showing solid performance in Cambodia couple with a difficult time breaking into Australia.

BHP’s decision to trim jobs came up and the decision making behind this was our next focus, before rounding out on a highly levered turnaround play in Metro Mining (MMI).

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

Thank you to our Podcast Partners:

VRIFY – Communicate in 3D

[email protected]

InvestorHub – The go-to Digital Platform shaking up the Investor Relations industry

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DSI Underground – Ground Support gurus

https://www.dsiunderground.com/contact

SMEC Power & Technology – Electrical experts

[email protected]

McMahon Mining Title Services (MMTS) – Australia-wide tenement services

https://www.mmts.net.au/#contact

Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more

[email protected]

KCA Site Services – Underground mining machine

[email protected]

Brooks Airways – Perth’s leading charter flight operators

[email protected]

K-Drill – Safe, reliable, and productive surface RC drilling

[email protected]

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(0:00:00)Introduction
(0:00:47)The help S32 need
(0:02:52)Did South32 make the right call selling Illawarra?
(0:19:58)Emerald's (EMR) slow & steady entry into Aus
(0:26:15)Why are BHP shedding jobs
(0:29:44)Metro Mining - A study on operational & financial leverage