Sector Expert: Joe Mazumdar

Exploration Insights

Image: Joe Mazumdar

Joe Mazumdar is an economic geologist/analyst at Exploration Insights. Prior to that he was a senior mining analyst at Canaccord Genuity and Haywood Securities prior to that. His experience includes director of strategic planning, corporate development at Newmont and senior market analyst/trader at Phelps Dodge. Mazumdar also worked in technical roles for IAMGOLD in Ecuador, North Minerals in Argentina/Chile and Peru, RTZ Mining and Exploration in Argentina and MIM Exploration and Mining in Queensland, Australia, among others. Mazumdar has a Bachelor of Science in geology from the University of Alberta, a Master of Science in geology and mining from James Cook University and a Master of Science in mineral economics from the Colorado School of Mines.

Subscribe to
Streetwise Reports
Ask this Expert

Companies Commented On

  • Amara Mining Plc
  • Asanko Gold Inc.
  • Avnel Gold Mining Ltd.
  • Azure Minerals Ltd.
  • Caledonia Mining Corp.
  • Claude Resources Inc.
  • Dalradian Resources Inc.
  • Doray Minerals Ltd.
  • Evrim Resources Corp.
  • Gold Resource Corp.
  • Gold Standard Ventures Corp.
  • Guyana Goldfields Inc.
  • Kaminak Gold Corp.
  • Lake Shore Gold Corp.
  • Mandalay Resources Corp.
  • Metals X Ltd.
  • Midas Gold Corp.
  • Newmarket Gold Inc.
  • Northern Star Resources Ltd.
  • Oban Mining Corp.
  • OceanaGold Corp.
  • Pretium Resources Inc.
  • Richmont Mines Inc.
  • Romarco Minerals Inc.
  • Roxgold Inc.
  • Rubicon Minerals Corp.
  • Sabina Gold & Silver Corp.
  • Saracen Mineral Holdings Ltd.
  • SEMAFO Inc.
  • Silver Standard Resources Inc.
  • St. Barbara Ltd.
  • Stillwater Mining Co.
  • Tahoe Resources Inc.
  • Torex Gold Resources Inc.


Recent Interviews

Why Brent Cook and Joe Mazumdar Are Doubling Down on the Exploration and the Insights (2/25/16)
Gold in Non-Dollar Currencies

Now that Exploration Insights founder Brent Cook is starting to see the bright side of the mining equity cycle, he brought in former Canaccord Genuity Analyst Joe Mazumdar to cover developers and producers at the newsletter. In this interview with The Gold Report, the pair share observations from their recent travels and a short list of companies they are compiling to take advantage of a possible upswing in gold in all currencies.

How to Spot Buyout Clues in Today's Resource Market (11/2/15)
Mining M&A

What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early investment to derisking levels, you just have to know what to look for to position yourself for a liquidity event.

Survival Secrets from Colorado Resource Investing Front Lines (10/1/15)
Survival

Top experts and select companies traveled to Colorado last week for a pair of conferences focused on the survivors in the natural resource mining sector. The Gold Report reached out to some of the discerning voices there and asked whether the barrage of headlines from the Federal Reserve and China impacted the mood, and what companies they would be following up on when they returned to their offices. While the Precious Metals Summit was geared toward development-stage companies and the Denver Gold Forum was mostly populated by large, producing mining companies, everyone seemed fixated on survival. For those of us watching from home, experts we talked to were kind enough to name some of the standout companies they saw in boothland.

Recent Quotes

"NMI's underground reserves at Fosterville grew 34%, due in part to higher tonnage at a much higher grade."

— Joe Mazumdar, Exploration Insights (3/27/16)
moreá>

"NMI is generating free cash flow with low debt levels."

— Joe Mazumdar, Exploration Insights (3/6/16)
moreá>

"GSV is a good vehicle for a major company to get leverage to a Nevada footprint."

The Gold Report Interview with Joe Mazumdar (2/25/16)
moreá>

"NMI's jewel in the crown is the Fosterville gold mine."

The Gold Report Interview with Joe Mazumdar (2/25/16)
moreá>

"Lake Shore's land package in Canada puts THO in a stable jurisdiction."

The Gold Report Interview with Joe Mazumdar (2/25/16)
moreá>

"NMI's Eagle Fault zone drill results included 161 g/t Au over 7.35m."

— Joe Mazumdar, Exploration Insights (2/14/16)
moreá>

"AKG is well funded to achieve commercial production in Q2/16E."

— Joe Mazumdar, Canaccord Genuity (11/16/15)
moreá>

"We continue to forecast for AKG a cushion of $40ľ45M during ramp-up."

— Joe Mazumdar, Canaccord Genuity (11/9/15)
moreá>

more comments

"PVG reported Q3/15 financials in line with our expectations."

— Joe Mazumdar, Canaccord Genuity (11/6/15)
moreá>

"We maintain our Speculative Buy recommendation on PVG."

— Joe Mazumdar, Canaccord Genuity (11/4/15)
moreá>

"We are upgrading PVG to Speculative Buy."

— Joe Mazumdar, Canaccord Genuity (10/22/15)
moreá>

"PVG reported high-grade drill results at its Brucejack gold project."

— Joe Mazumdar, Canaccord Genuity (10/8/15)
moreá>

"We are encouraged by PVG's consistent high-grade intervals at Brucejack."

— Joe Mazumdar, Canaccord Genuity (9/30/15)
moreá>

"AKG's phase 1 Obotan project of the Asanko gold mine is 75% complete."

— Joe Mazumdar, Canaccord Genuity (9/22/15)
moreá>

"PVG's $540M financing has led to a positive construction decision."

— Joe Mazumdar, Canaccord Genuity (9/17/15)
moreá>

"PVG's new financing is a strong positive for the Brucejack gold project."

— Joe Mazumdar, Canaccord Genuity (9/16/15)
moreá>

"We continue to model PVG as a potential takeover candidate."

— Joe Mazumdar, Canaccord Genuity (9/1/15)
moreá>

"We have upgraded our recommendation on AKG to Speculative Buy."

— Joe Mazumdar, Canaccord Genuity (8/26/15)
moreá>

"We are raising our target price for PVG."

— Joe Mazumdar, Canaccord Genuity (8/23/15)
moreá>

"PVG's cash allows it to begin construction in late August 2015."

— Joe Mazumdar, Canaccord Genuity (8/9/15)
moreá>

"AKG is advancing the first phase of the Asanko gold mine in Ghana."

The Gold Report Interview with Joe Mazumdar (8/6/15)
moreá>

"PVG is on the Canaccord Genuity Focus List as it represents a high-grade gold development play in a stable jurisdiction."

The Gold Report Interview with Joe Mazumdar (8/6/15)
moreá>

"PVG received the federal permit for its high-grade Brucejack gold project."

— Joe Mazumdar, Canaccord Genuity (7/31/15)
moreá>

"We upgrade our recommendation on AKG to Speculative Buy from Hold."

— Joe Mazumdar, Canaccord Genuity (7/22/15)
moreá>

"The infill program at PVG's Brucejack project should upgrade resources."

— Joe Mazumdar, Canaccord Genuity (7/16/15)
moreá>

"We expect AKG to achieve positive free cash flow by Q2/16."

— Joe Mazumdar, Canaccord Genuity (7/14/15)
moreá>

"Year-to-date, AKG has outperformed the benchmark GDXJ, 26% versus 4.6%."

— Joe Mazumdar, Canaccord Genuity (6/24/15)
moreá>

"PVG's progress on the Brucejack gold project is positive."

— Joe Mazumdar, Canaccord Genuity (6/10/15)
moreá>

"PVG has reported exceptionally high-grade results from the Valley of Kings deposit."

— Joe Mazumdar, Canaccord Genuity (6/4/15)
moreá>

"Securing stable power for Obotan's phase 1 is a positive for AKG."

— Joe Mazumdar, Canaccord Genuity (6/3/15)
moreá>

"AKG's Obotan remains well funded to deliver its first pour in Q1/16E."

— Joe Mazumdar, Canaccord Genuity (5/26/15)
moreá>

"We now expect commercial production at PVG's Brucejack project by Q4/17."

— Joe Mazumdar, Canaccord Genuity (5/10/15)
moreá>

"We maintain our Speculative Buy rating on AKG."

— Joe Mazumdar, Canaccord Genuity (4/14/15)
moreá>

"PVG got its environmental certificate ahead of our forecast."

— Joe Mazumdar, Canaccord Genuity (3/30/15)
moreá>

"AKG is well funded ($334M) to deliver steady state production."

— Joe Mazumdar, Canaccord Genuity (3/25/15)
moreá>

"We are initiating coverage on PVG with a Speculative Buy rating."

— Joe Mazumdar, Canaccord Genuity (2/23/15)
moreá>

"AKG announced a CA$40M bought deal equity financing."

— Joe Mazumdar, Canaccord Genuity (1/21/15)
moreá>

"We raised our target price for AKG."

— Joe Mazumdar, Canaccord Genuity (1/13/15)
moreá>

"A resource update is expected in late Q1/15 for PG's Hardrock."

— Joe Mazumdar, Canaccord Genuity (1/12/15)
moreá>

"AKG is a well-funded, liquid, near-term development play."

— Joe Mazumdar, Canaccord Genuity (12/10/14)
moreá>

"We maintain our Speculative Buy recommendation for AKG."

— Joe Mazumdar, Canaccord Genuity (11/30/14)
moreá>

"Companies like AKG are in good shape to advance and develop their respective projects."

The Gold Report Gold Conference Roundup with Joe Mazumdar (10/1/14)
moreá>

"In terms of derisking, there is a lot of data there for CMM."

The Gold Report Interview with Joe Mazumdar (10/1/14)
moreá>

"TEN has royalties on the northern part of the Spring Valley project, where the majority of the current resource lies."

The Gold Report Interview with Joe Mazumdar (10/1/14)
moreá>

"Companies that are fully funded to production such as AKG are less susceptible to changes in their equity prices in the near term."

The Gold Report Interview with Joe Mazumdar (10/1/14)
moreá>

"AKG's Asanko gold mine now hosts 3.54 Moz grading 2.22 g/t Au."

— Joe Mazumdar, Canaccord Genuity (9/11/14)
moreá>

"We are raising our target price on AKG."

— Joe Mazumdar, Canaccord Genuity (8/26/14)
moreá>

"We maintain our Speculative Buy rating for AKG as we await its many near-term catalysts."

— Joe Mazumdar, Canaccord Genuity (8/24/14)
moreá>

"CMM is fully financed to begin production at its 6.4 Mtpa Castle Mountain gold project."

— Joe Mazumdar, Canaccord Genuity (8/22/14)
moreá>

"Metallurgical test results for AKG's Dynamite Hill came in higher than our forecasts."

— Joe Mazumdar, Canaccord Genuity (7/29/14)
moreá>

"AKG's mine generates a 24% IRR at our long-term gold price curve."

— Joe Mazumdar, Canaccord Genuity (7/17/14)
moreá>

"AKG executed amended agreements for the $150M project debt facility."

— Joe Mazumdar, Canaccord Genuity (7/14/14)
moreá>

"CMM's new financing should generate further derisking."

— Joe Mazumdar, Canaccord Genuity (7/1/14)
moreá>

"Dynamite Hill is a good potential phase 1 ore source for AKG's Asanko gold mine."

— Joe Mazumdar, Canaccord Genuity (6/19/14)
moreá>

"FCU's PLS could reach >50 Mlb U3O8, justifying a standalone plant."

— Joe Mazumdar, Canaccord Genuity (6/16/14)
moreá>

"CYD's El Barque˝o is relatively shallow and very amenable to open-pit mining."

The Gold Report Interview with Joe Mazumdar (6/9/14)
moreá>

"We maintain our Speculative Buy rating for CMM."

— Joe Mazumdar, Canaccord Genuity (6/2/14)
moreá>

"FCU assays lifted (+1.5 Mlb) our PLS resource estimate to +51 Mlb."

— Joe Mazumdar, Canaccord Genuity (5/29/14)
moreá>

"FCU reported more assay results that led us to increase our overall resource estimate for Patterson Lake up to 50 Mlb U3O8."

— Joe Mazumdar, Exploration Insights (5/14/14)
moreá>

"Highlights from ROG's Bagassi South include 226.76 g/t Au over 3.1m."

— Joe Mazumdar, Canaccord Genuity (5/6/14)
moreá>

fewer comments


Due to permission requirements, not all quotes are shown.