In mid-January, The Northern Miner was once again privileged to host the latest in our popular series of Roundtable discussions featuring a who’s who of mining leaders in Canada.
Held in downtown Toronto and sponsored by accounting powerhouse PwC, the discussion was moderated by Northern Miner publisher Anthony Vaccaro, and we asked: Does mining have a return on investment (ROI) problem?
As we enter our fifth — and hopefully last — year of the commodities downturn, and the crazy days of growth-for-growth’s sake of the mid-2000s are long behind us, it’s hard to disagree on the need for a solid ROI to restore robust financial health to our industry.
And while there’s little that mining industry professionals can do to change the nature of mineral deposits or the current metal prices, there’s wide scope for taking a fresh look at how we do things, whether it be financing alternatives, smarter exploration or more enlightened management decision-making.
Our Roundtable participants were an all-star panel representing diverse industry viewpoints: Geoff Burns, a director and recently retired head of Pan American Silver; Andrew Cheatle, executive director of the Prospectors & Developers Association of Canada; Catharine Farrow, CEO of Hope Bay gold developer TMAC Resources; Chuck Jeannes, president and CEO of Goldcorp; Chris MacIntyre, vice-president of corporate development at junior Reservoir Minerals, which is having great success in Serbia;
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