As an emerging royalty business model company in the precious metals sector, Nolan Watson has considerable insight into what is going on in the precious metals industry.
The following interview focuses on what is going on at Sandstorm and the mining industry overall, but is directly relevant to understanding bullion market trends as well.
SD Podcast Spotlight: Wall St for Main St
Jason Burack of Wall St for Main St had on returning guest, Co-founder, President & CEO of Sandstorm Gold, Nolan Watson. Click here for the company’s website.
Here’s Nolan’s full bio: Mr. Watson co-founded Sandstorm in 2008, prior to which he served as the Chief Financial Officer of Silver Wheaton Corp. In that role, Mr. Watson developed the silver streaming business model and helped raise over US$1 billion in debt and equity to fund Silver Wheaton’s growth. Mr. Watson is a Chartered Professional Accountant (Valedictorian), holds the designation of Chartered Financial Analyst and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. He has won numerous awards for his professional and charitable achievements including the Early Achievement Award by the Institute of Chartered Accountants of British Columbia, Canada’s Top 40 Under 40 award, CEO of the Year by Business In Vancouver and the Queen’s Diamond Jubilee Medal. Mr. Watson also serves as the Chairman of the Audit Committee of the board of Bear Creek Mining Corp. and as a director of TrueGold Mining Inc.
During this 25+ minute interview, Jason asks Nolan about the dangers of trying to use debt to do new deals. Nolan talks about counter party risk with miners and how many miners took on way too much debt to bring very high cost mines online when gold and silver prices were way higher.
Jason and Nolan discuss the gold mining industry at length and how well miners have cut costs, if they need to cut more costs to survive and if the miners can return to profitability anytime soon.
Jason asks Nolan many questions about the gold mining industry and the current and future plans for Sandstorm Gold.
This is a must listen if you own gold mining or silver mining shares, shares of gold and silver royalty and streaming companies or are thinking about doing so in the future!
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