Given that inflation remains an issue for miners, he’s focusing on small gold royalty companies. ‘That’s what I’ve been trying to do to invest in a rising gold price and some growth, but without the creep of costs,’ he said.
Mazumdar also discussed two recent site visits, one of which was to see AbraSilver Resource’s (TSXV:ABRA,OTCQX:ABBRF) Diablillos silver-gold project in Argentina. He is optimistic about the country’s recent change in government, which has made it a better environment for foreign direct investment in the mining sector.
He’s also been to see rare earths-focused Aclara Resources (TSX:ARA,OTC Pink:ARAAF).
‘They had a plant where they were producing the concentrate — the carbonates — as a product. Their idea is to get to oxide, and now they’ve just done a deal with a company that could convert it potentially to metal,’ he said.
Watch the interview above for more from Mazumdar on those and other topics.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
