Episode 90: Financing, facts and figures ft. Oxygen Capital & Deloitte

This week we're talking cash, capital markets, and industry trends heading into 2018. Matt is joined on the floor of the Vancouver Resource Investment Conference (VRIC) by Oxygen Capital founder and chairman Mark O'Dea to dig into the current state of the market and the recent rally in commodity prices. (6:55) O'Dea has built 9 companies over the past 15 years generating $3 billion in shareholder returns. He recounts his experience financing, and building, the Karma gold mine in Burkina Faso with True Gold Mining during the recent downturn. The company was acquired by Endeavour Mining (TSX: EDV) for $240 million in late 2016. (9:45) We also chat about alternative financing models, access to capital, and greenfield exploration. O'Dea outlines Oxygen's two most recent base-metal projects, namely: Discovery Metals (TSXV: DSV; US-OTC: AYYBF) in Mexico; and Sun Metals in B.C. Meanwhile, Matt drills down into Pretium Resources' (TSX: PVG; NYSE: PVG) recent struggles in the market following an underperformance during ramp-up at its flagship Brucejack underground mine in British Columbia's Golden Triangle. (22:08) He discusses the events leading up to The Northern Miner's exclusive interview with Pretium president and CEO Joseph Ovsenek, and some of the company's responses to the market criticism. Finally, we're joined by Phil Hopwood, the global mining leader at Deloitte, to discuss the firm's recent industry report, Tracking the trends in 2018: The top 10 issues shaping mining in the year ahead. (29:20) We outline trends in the industry over the past decade (30:40), the current mining cycle (33:53), financing exploration (41:00), and technology metals (48:10). Articles referenced: Exclusive interview: Pretium’s Ovsenek responds to Brucejack ramp-up criticisms: http://www.northernminer.com/news/exclusive-interview-pretiums-ovsenek-brucejack-ramp-criticisms/1003793482/ BMO: Pretium provides ‘more questions than answers’ at Brucejack: http://www.northernminer.com/news/bmo-pretium-provides-questions-answers-brucejack/1003793406/ Sun Metals drills Stardust polymetallic project in BC: http://www.northernminer.com/news/sun-metals-drills-stardust/1003793061/ Editorial: Cobalt positioned to enjoy strong year: http://www.northernminer.com/news/editorial-cobalt-positioned-enjoy-strong-year/1003793534/ Video: Progressive Mine Forum 2017: www.northernminer.com/news/progressi…am/1003790631/ BMO’s Hamilton on industrial and commodity outlook: www.northernminer.com/news/bmos-hami…ok/1003792601/ Music Credits: "OctoBlues" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Slow Burn" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/