David Lotan: Gold Sector M&A And Fresh Capital Flows Fueling The Gold Mining Sector Bull Market

David Lotan is the President of LHI an investment company focused on natural resource opportunities. In his previous career David was the founder and CEO of the structured finance operations of Polar Capital – a Canadian merchant bank and alternative asset manager, acted as a portfolio manager for the Ontario Teachers’ Pension Plan and was a risk management consultant with PricewaterhouseCoopers focused on commodities and rates. Mr. Lotan is a Chartered Accountant and CPA.

00:00 Intro
01:35 Powell pivot and Federal Reserve independence
04:11 "The first move is the wrong move, and the second move is the real move"
07:11 Gold mining sector M&A cycle
10:10 Many more buyers for assets than the number of assets available on the market
11:10 Prospect of Barrick/Newmont merger
14:40 Coeur Mining and Hecla
20:35 Got to give the Calibre guys a lot of credit
23:58 What makes a good mining jurisdiction?
28:30 Yukon (Coffee Deposit, Eagle Mine, etc.)
30:10 Package deal for former Victoria Gold assets?
31:20 Energy infrastructure in the Yukon
34:10 Barrick's Hemlo Mine
37:30 Reminding ourselves of risk in junior mining
39:45 Whipsaws in the junior mining sector
40:30 Owning 1 million shares in a stock that trades 10,000 shares a day
41:30 What are the sources of capital flowing into Canadian mining stocks in 2025?
44:09 $50 million lead order from US generalist fund in Snowline Gold financing
46:00 Traditional resumption in capital flows into the sector
47:00 David prefers to anonymously buy stocks in the open market
50:35 Stumping David with a tough question
51:35 The fastest way to get to the front of the line when competing for capital
53:40 "Network stocks"
55:15 Why are there so many sociopaths involved in the junior mining sector?
59:00 "You always want to be in the next Lundin deal"
1:01:00 Why aren't there more female CEOs in the mining industry?
1:02:42 Thanks for watching!

Disclosure: Author owns shares of Banyan Gold at the time of publishing this interview and may choose to buy or sell at any time without notice.


DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.