Not In A Precious Metals Mining Bull Market And That’s A Good Thing | Peter Marrone, Allied Gold
In this interview, Peter Marrone, Chairman and CEO of Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF), shares insights into his new venture following a successful $4.8 billion exit from Yamana Gold in 2023.
Marrone outlines an ambitious growth strategy for the company, planning to more than double production from 344,000 ounces to 800,000 ounces by 2028. Their focus on African operations leverages unique advantages, particularly in Ethiopia where they benefit from low-cost hydroelectric power.
He addresses potential investor concerns about political risk in African jurisdictions and explains their approach to managing operational challenges. His track record with Yamana, where he led growth from $1 to $9 per share, lends credibility to these strategies.
Marrone emphasizes strong alignment with shareholders, noting management owns 20% of shares. He points to the company’s current valuation at 0.2x NAV as indicating significant upside potential, drawing parallels to value creation at Yamana.
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