Mines and Money Interview with Doug Groh about Gold and Goldmining Stocks

15.02.2019

5 minutes with Douglas B. Groh, Co-Portfolio Manager, Tocqueville Asset Management.

Mines and Money: What is your outlook for the mining sector in the next 12 months?
Doug: We expect further consolidation in the sector and better capital allocation with reduced debt levels but rising operating costs.
Mines and Money: What are the biggest challenges currently facing the mining industry?
Doug: Geopolitical risks will continue to limit mining investment opportunities.
Mines and Money: What do you think the mining industry needs to do to improve its reputation?
Doug: Return more to shareholders
Mines and Money: Electric vehicles have been a key driver of this commodity cycle. What opportunities will this create?
Doug: Sourcing battery materials will become more challenging
Mines and Money: How should mining projects best pitch you?
Doug: Being practical and realistic is a good idea.
Mines and Money: Which emerging regions interest you?
Doug: Far North in Western and Eastern Hemisphere
Mines and Money: What do you look for in a prospective investment? Which juniors have projects that excite you?
Doug: Prospective investments should be realistic and provide generous returns. Ivanhoe Mines is pretty exciting.
Mines and Money: What is your outlook for the mining sector in the next 12 months?
Doug: A positive to improving outlook.
Mines and Money: What investment career win are you most proud of and why?
Doug: Becoming an investor in the extractive industries because it is very interesting and exciting
Mines and Money: What is your biggest investment mistake and what do you learn from it?
Doug: Becoming an investor in the extractive industries and I learned it’s very humbling
Mines and Money: What do you think are the hottest commodities right now?
Doug: Gold
Mines and Money: Which commodities are you avoiding right now?
Doug: Coal
Mines and Money: What advice would you give to a smart, driven college student about to enter the “real world”?
Doug: Nurturing good relationships and quality communication are important foundations of business or any professional endeavour.

Join Doug at Mines and Money New York this May, where he will be taking part in a Keynote Panel Discussion: What’s the investment thesis for gold in 2019 and how should you allocate between equities, bullion, ETFs and digital gold?

Source: Mines and Money

 

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