How Is COVID-19 Affecting Metals And Mining Companies?

The markets for gold, silver, and other precious metals have been as volatile over the last two months as they’ve been at any point in history.  

The worldwide spread of COVID-19 has sent gold rallying to 7-year highs. Silver, meanwhile, sold off to an 11-year low in March before regaining roughly half its losses in April. The same goes for platinum, which fell to a 17-year low before regaining half its losses, and copper, which hit a 4-year low before bouncing back. 

In the wake of the pandemic’s first wave, some mining companies have fared better than others. Companies with mining operations in South America and West Africa like New Pacific Metals Corp. NUPMF and Endeavour Mining Corp. EDVMF have regained the majority of their losses. Others have not been so lucky. 

Just like every other industry, a clear line has been drawn in the metals and mining industry: there is pre-COVID-19, and post-COVID-19. And it’s created a host of new questions ranging from the future of mine sites, to transportation restrictions, to key material shortages. 

In an attempt to provide clarity on the industry’s present and future, a large group of resource companies is coming together this week at the Metals & Mining Virtual Investor Conference, a Virtual Investor Conference by OTC Markets. Among the presenters are New Pacific Metals, Endeavour Mining, Novo Resources Corp. NSRPF, Ivanhoe Mines Ltd. IVPAF, and Midas Gold Corp. MDRPF. 

The conference will bring together 33 speakers from 31 companies with operations around the world to address investors directly over two days. Executives are expected to discuss the status of ongoing operations, their liquidity and capital situations, and how they plan to restart production while keeping workers safe. The keynote presentation from Red Cloud Securities VP Of Research Derek Macpherson will address resource investing in a COVID-19 world on a macro level and what companies need to do to make it through this crisis. 

Below is the schedule for the conference. Each presentation is followed by a virtual Q&A session with attendees and is available on demand.

To register for this week’s conference, click here.

May 6th Agenda

9:00 AM ET Red Cloud Securities Inc.

Keynote Speaker: Derek Macpherson, VP Research

9:30 AM ET First Cobalt Corp. FTSSFFCC

Speaker: Trent Mell, President & CEO

10:00 AM ET GoldMining Inc. GLDLFGOLD

Speaker: Jeff Wright, Executive Vice President

10:30 AM ET Rubicon Minerals Corp. RBYCFRMX

Speaker: George Ogilvie, President & CEO

11:00 AM ET First Mining Gold Corp. FFMGFFF

Speaker: Dan Wilton, CEO & Director

11:30 AM ET Allegiant Gold Ltd. AUXXFAUAU

Speaker: Peter Gianulis, President & CEO

12:00 PM ET KORE Mining Ltd. KOREFKORE

Speaker: Scott Trebilcock, CEO

12:30 PM ET Coral Gold Resources Ltd. CLHRFCLH

Speakers: David Wolfin, President & CEO; Nathan Harte, CFO

1:00 PM ET Lion One Metals Ltd. LOMLFLIOLLO)

Speaker: Quinton Hennigh, Technical Advisor; Walter H. Berukoff, CEO & Chairman

1:30 PM ET Ascot Resources Ltd. AOTVFAOT

Speaker: Derek White, President & CEO

2:00 PM ET Corvus Gold, Inc. CORVFKOR

Speaker: Jeffrey Pontius, CEO & President & Director

2:30 PM ET Novo Resources Corp. NSRPFNVO

Speaker: Quinton Hennigh, Chairman, President & Director

3:00 PM ET Roxgold Inc. ROGFFROXG

Speaker: John Dorward, President & CEO

3:30 PM ET New Pacific Metals Corp. NUPMFNUAG

Speaker: Gordon Neal, President

4:00 PM ET Endeavour Mining Corp. EDVMFEDV

Speaker: Martino De Ciccio, VP Strategy & Investor Relations

4:30 PM ET Troilus Gold Corp. CHXMFTLG

Speaker: Paul Pint, President

May 7th Agenda

9:00 AM ET Deep Yellow Ltd. DYLLFDYL)

Speaker: John Borshoff, Managing Director & CEO

9:30 AM ET Avalon Advanced Materials Inc. (OTCQB: AVLNF; TSX: AVL

Speaker: Donald Bubar, President & CEO

10:00 AM ET Rio2 Ltd. RIOFFRIO

Speaker: Alex Black, President, CEO & Director

10:30 AM ET Ivanhoe Mines Ltd. IVPAFIVN

Speaker: Matthieu Bos, Executive Vice President, Africa

11:00 AM ET Lumina Gold Corp. LMGDFLUM

Speakers: Marshall Koval, CEO; Scott Hicks, VP Corporate Development

11:30 AM ET Nighthawk Gold Corp. MIMZFNHK

Speaker: Dr. Michael Byron, President & CEO

12:00 PM ET TriStar Gold, Inc. TSGZFTSG

Speaker: Nick Appleyard, CEO & President

12:30 PM ET Skeena Resources Ltd. SKREFSKE

Speaker: Kelly Earle, Vice President, Communications

1:00 PM ET Bear Creek Mining Corp. BCEKFBCM

Speaker: Tony Hawkshaw, President & CEO

1:30 PM ET Midas Gold Corp. MDRPFMAX

Speaker: Stephen Quin, President, CEO & Director

2:00 PM ET Aurania Resources, Ltd. AUIAFARU

Speaker: Dr. Richard Spencer, President

2:30 PM ET GoGold Resources, Inc. GLGDFGGD

Speaker: Brad Langille, President & CEO

3:00 PM ET IsoEnergy Ltd. ISENFISO

Speaker: Craig Parry, President & CEO

3:30 PM ET Royal Nickel Corp. RNKLFRNX

Speaker: Paul Andre Huet, Chairman & CEO

4:00 PM ET Western Magnesium Corp. MLYFWMG

Speaker: Sam Ataya, Executive President & CEO

4:30 PM ET Integra Resources Corp. IRRZFITR

Speaker: George Salamis, President & CEO

Photo by Ju Ostroushko on Unsplash