Keynote Address to Gold Forum Americas Conference
On Monday 21st September 2020 Mark Fellows of Skarn Associates gave a keynote address to the Denver Gold Group's Gold Forum Americas conference, titled "ESG: Why it matters and how it will drive value for miners and investors".
Much of the current discussion around ESG may seem nebulous. Often it centres on distant emission reduction goals, proliferating reporting standards or opaque ESG ratings. Skarn offers an alternative approach - rigorous asset-level analysis, linked to mineral economics.
The presentation provides some examples of Skarn's work benchmarking carbon emissions, water use and land disturbance in the gold mining industry.
ESG issues are becoming increasingly material with regard to investment decisions, for miners and investors. Over time they will become major value drivers for the sector, influencing metal prices, production costs and availability of finance. Innovative investors will be able to gain an edge, if they understand the future impact of ESG on the sector.
At certain points in its history the gold mining industry has been a pioneer in adopting technology - for instance carbon adsorption, heap leaching, pressure oxidation, bio-oxidation, and large scale open pit mining. The gold mining sector should have a natural role in the zero carbon energy revolution, thereby turning a threat into an opportunity.Read more