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It's a show-me market - Artemis Gold's Steven Dean on generalist investors and mining equities

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By Michael McCrae and Paul Harris
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It's a show-me market - Artemis Gold's Steven Dean on generalist investors and mining equities teaser image

(Kitco News) - Costs in the resource sector appear to be easing, said Steven Dean, chairman and CEO of Artemis Gold.

Last month Dean spoke to Kitco Mining at the Gold Forum Americas/XPL-DEV 2024 in Colorado.

Regarding the miners not showing much lift despite gold hitting several all-time highs, Dean said investors are still skeptical of the sector.

"It's still a show me market," said Dean. "The key to addressing that disconnected value...lies in a more predictable performance by the majority of the companies in the sector—hitting guidance, hitting the cash flow projections."

Dean said the company is feeling less pressure on costs, which should aid margins.

"Labor pressures are not as tight as they were," said Dean, noting that other costs are showing easing, too. "Hopefully we can increase that cash flow margin and deliver that cash flow generation I know we're capable of as a sector."

Coverage of the Gold Forum Americas / XPL-DEV 2024 is sponsored by Metalla Royalty.

 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Paul Harris

Paul has more than 20 years of experience in the mining sector in investor relations, communications, research, and news reporting roles, and over 16 years of experience in the Colombia gold sector. Paul founded the successful CGS Copper and Gold Symposium in Colombia. He has written for the industry-leading publication ‘Mining Journal’ since 2015 and has been a Kitco Mining anchor since 2022. Previously, Paul spent five years in Chile reporting on the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.

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Gold Forum Americas/XPL-DEV 2024goldArtemis GoldSteven DeanPodcasts

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.