Why Waihi mine’s Canadian owner wants more NZ gold

Canadian-listed OceanaGold’s global president & CEO explains its $1 billion investment to mine under New Zealand land, despite controversy and a high cost to get to it.

00:00 - Intro
01:01 - OceanaGold's Waihi operation
03:17 - Interview with Gerard Bond
05:25 - Gold price
07:59 - Return
09:26 - $1b cost
10:41 - Construction
11:21 - Mining macro mindset
13:56 - Consent approval
14:35 - Royalties
16:01 - Controversy
20:44 - Foreign investment
21:50 - Gold production (cost, risk)
26:06 - Outro

Video / Editing | Ben Dickens
Production | Arun Jeram, Madison Malone

[MarketsWithMadison]

Appreciated Gerard fronting for this. My favourite part of this episode is the faint sounds of rain & insects in the background. Earlier episode that takes you inside the Waihi mine is in the caption if you're interested. If you like content about gold please subscribe, I have more coming!

[charleslassiter]

Personally, I found the interview well-balanced and thoughtful. However, mining on protected land in New Zealand remains a difficult issue to support, regardless of potential profits

[markputnam]

Another top interview, informative and well balanced. Really do not see any negatives here given its underground and heavens know we need the income.

[andrewsema]

Great interview and breakdown of the project and company.

[lindsayepae]

All that gold leaving the country. NZ should keep it here and pay off the national debt.

[colincameron]

I remeber 30 plus yrs ago when we owned a house in Waihi and my step father worked at the mine. Jeanette Fitzimmons and her co-horts were protesting about the mine being there and how it will degrade the local enviroment. (But lets forget her and her hubby having a fire get away on her and burnt all that native bush). The company back then spent alot of money on making certain the environmental footprint and care was upmost. Back then they wanted to shift the whole town and mine it as it was so profitable. Waihi back then was a town going backwards all the major industry were shutting down. Now not just employing people all the side industries it supports. For every one person a mine employees there a 3 other jobs created.

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Only one comment from Mr Bond I disagree with in part. Sometimes in mining or exploration, it is actually more beneficial to delay the mining of the resources, as inground value increases with the increase in commodity value. Fine balance between cashflow and depleting NPV at lower prices.

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