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GOLD MINING JOURNAL (ISSN 1324-4396)
Published by Paydirt Media Pty Ltd.
A.C.N. 063 985 133

EDITORIAL
Editor:
Dominic Piper
Deputy editor:
Mark Andrews

Journalist: nEWs 8
Michael Washbourne PwC’s Aussie Mine 2020 report – focused on the 50 ASX-listed “mid-
tier” mining companies with market values under $5 billion – showed
Art director:
Nick Brown that several gold companies have catapulted to mid-tier status, with gold
miners accounting for more than 50% of new entrants to the Mid-Tier
Contributors: 50 (MT50) in 2020. Meanwhile, BDO’s quarterly Explorer Cash Survey
Keith Goode, showed funding for the sector hit a two-year high, with total financing
Brendan Ryan (Johannesburg) inflows reaching $2.02 billion in the September quarter, pointing to a big
12 months ahead for mid-tier producers and junior explorers. Dominic
ADvERTIsIng
Advertising manager: Piper reports
Richa Fuller
COvER 20
Subscriptions: Perseus Mining may have surprised a few people by taking out the Miner
Kate Blanchard of the Year award, however, with three gold mines in operation boasting
global production of 257,639oz at a cash margin of $US485/oz, the
PAyDIRT MEDIA company has delivered handsomely for shareholders. Meanwhile, there
Executive chairman: was nothing more certain in 2020 than De Grey Mining as the Explorer of
Bill Repard the Year following its success at Hemi in the Pilbara. GMJ gets the expert
Finance manager: view on why both Perseus and De Grey are standouts in their fields
Giovanny Jefferson
AfRICA 40
Accounts/administration:
West African gold explorers are trading at discount to their Australian
Lana Luketic
peers on the ASX, however, the view of some in the sector is that
COnfEREnCEs company valuations will start to level in time. GMJ takes a look at some
Namukale Nakazwe of the stories to watch in Africa
Christine Oelschlaeger
Mitchelle Matambo REgIOnAL ROUnDUP 48
Melita Fogarty From grassroots exploration in Latin America to near-term development
plays in Asia-Pacific, Australian outfits are capitalising on the tailwind
PRE-PREss AnD PRInTIng: driving the gold sector. Among the companies featured in this edition are
Vanguard Press Tesoro Resources, Geopacific Resources and Kingston Resources
26 John St, Northbridge WA 6003
Member of: Cover image:
Winners are grinners. Perseus managing director Jeff Quartremaine
and De Grey managing director Glenn Jardine in Perth

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