Sector Expert: Nana Sangmuah

Clarus Securities

Image: Nana Sangmuah

Nana Sangmuah is managing director of research at Toronto-based Clarus Securities. His previous industry experience includes the Prestea underground mine, AngloGold Ashanti's Obuasi and Iduapriem mines, and Gold Fields' Damang gold mine. He has over eight years of global mining equity research experience that covers more than 60 mining companies worldwide in the gold, base metals and diamond sectors and has in-depth knowledge of mining projects in West Africa. Sangmuah completed a Master of Business Administration in finance at the University of Toronto's Rotman School of Management in 2004 and obtained his Bachelor of Science in engineering from the University of Mines and Technology, Ghana, in 1999.



Recent Interviews

Hitting the High Notes of African Resource M&A: Nana Sangmuah (3/9/15)
Merge

With six mining deals in 16 months, mining takeovers in African nations are happening with increasing frequency, and Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, says more African M&A is on the way. But he cautions investors about companies high-grading reserves to generate cash flow. When the music stops, Sangmuah says, those companies will crash. In this interview with The Gold Report, Sangmuah tells investors how to avoid the party crashers and seek names that can hit the high notes with long-life production assets that can generate significant cash flow to retire debt, grow the business and return some profits to shareholders.

Invest in Africa Now: Nana Sangmuah (4/27/12)

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.

Nana Sangmuah: African Takeouts on the Menu (10/29/10)

Clarus Securities Analyst Nana Sangmuah was born in Ghana, West Africa—a growing hot spot for gold exploration. He believes several gold juniors operating in West Africa are prime takeover targets and expects merger and acquisition (M&A) activity to heat up as the major gold producers seek to replenish their diminishing project pipelines. In this exclusive interview with The Gold Report, Nana reveals a few juniors on both sides of the Atlantic that could fall prey to larger predators.

Recent Quotes

"We expect AKG to rerate toward its emerging producer peers as the company continues to deliver on operational milestones."

— Nana Sangmuah, Clarus Securities (7/21/16)
more >

"AKG is well positioned to boost production by 50% by 2018 and to double production by 2022 supported by internally generated cash flows."

— Nana Sangmuah, Clarus Securities (5/16/16)
more >

"AKG's current valuation does not reflect its growth profile."

— Nana Sangmuah, Clarus Securities (5/3/16)
more >

"AKG announced positive exploration results; we maintain our Buy rating."

— Nana Sangmuah, Clarus Securities (4/28/16)
more >

"We are encouraged by the progress with the ramp-up of AKG's operations."

— Nana Sangmuah, Clarus Securities (4/7/16)
more >

"AKG announced first gold production from its gold mine in Ghana."

— Nana Sangmuah, Clarus Securities (1/27/16)
more >

"AKG's management continues to deliver on its development milestones."

— Nana Sangmuah, Clarus Securities (12/22/15)
more >

"Investors should add AKG ahead of its imminent producer rerating."

— Nana Sangmuah, Clarus Securities (11/17/15)
more >

more comments

"We recommend investors add to their positions in AKG ahead of the producer rerating."

— Nana Sangmuah, Clarus Securities (9/22/15)
more >

"AKG announced construction is ahead of schedule and on budget."

— Nana Sangmuah, Clarus Securities (9/17/15)
more >

"We recommend investors add to their AKG positions ahead of the rerating."

— Nana Sangmuah, Clarus Securities (7/17/15)
more >

"We expect the rerating of AKG's stock to commence shortly."

— Nana Sangmuah, Clarus Securities (6/3/15)
more >

"We expect AKG's stock price to increase."

— Nana Sangmuah, Clarus Securities (5/19/15)
more >

"Progress to date at AKG's Asanko gold mine is encouraging."

— Nana Sangmuah, Clarus Securities (4/9/15)
more >

"AKG is fully funded, but it is not trading at the level of its fully funded peers."

The Gold Report Interview with Nana Sangmuah (3/9/15)
more >

"CNL is making progress derisking its Buriticá project in Colombia."

The Gold Report Interview with Nana Sangmuah (3/9/15)
more >

"AKG bolstered its cash balances to ~$250M, an additional buffer."

— Nana Sangmuah, Clarus Securities (2/12/15)
more >

"AKG remains a top pick among the developers we track."

— Nana Sangmuah, Clarus Securities (1/16/15)
more >

"Project economics on AKG's Asanko mine plan remain compelling."

— Nana Sangmuah, Clarus Securities (11/14/14)
more >

"AKG's update adds certainty to the resource at Asanko gold mine."

— Nana Sangmuah, Clarus Securities (9/10/14)
more >

"AKG eliminated a 2% NSR on phase 1 of Asanko, a positive transaction."

— Nana Sangmuah, Clarus Securities (8/27/14)
more >

"TGM announced a $120M stream agreement; available funds now are ~$160M."

— Nana Sangmuah, Clarus Securities (8/12/14)
more >

fewer comments


Due to permission requirements, not all quotes are shown.