Sector Expert: Geordie Mark

Haywood Securities

Image: Geordie Mark

Geordie Mark is the head of mining research at Haywood Securities. He was previously an analyst with Passport Capital. In an earlier period he was vice president of exploration for Cash Minerals. Prior to joining the exploration industry full-time, he lectured in economic geology at Monash University, Australia, and served as an industry consultant. He holds a Ph.D. in geology from James Cook University.



Recent Interviews

With Gold Looking Up, Haywood's Geordie Mark Offers Two Names for Now, Two for Later (2/11/16)
Gold in Non-Dollar Currencies

Geordie Mark, head of mining research with Haywood Securities, sees opportunity in both development-stage and producing precious metals equities, especially those domiciled in countries like Canada and Australia, where the currency has depreciated considerably against the U.S. dollar. For development-stage companies, Mark says it's all about visible time frames, good margins and a modest capex. And for producers it's all about recent performance. In this interview with The Gold Report, Mark recommends two names in each category and tells investors to stay firm on quality, margin and performance.

Geordie Mark Focuses on Miners Making Money at $1,200/oz Gold (6/18/15)
Dollar with hard hat

Gold producers certainly needed a break, and now they have two, reports Haywood Securities Mining Analyst Geordie Mark. Much lower energy costs and the strength of the U.S. dollar mean that producers can and do make money at $1,200 per ounce gold. In this interview with The Gold Report, Mark touts the virtues of three multi-mine producers that have exploited their free cash flow to expand their operations and make prudent acquisitions. And he highlights two near-term producers in Africa that should soon produce good margins and reward shareholders.

Benjamin Asuncion and Geordie Mark: Six Gold and Silver Leaders at Today's Prices (2/24/14)

gold and silverBenjamin Asuncion and Geordie Mark of Haywood Securities forecast 2014 gold and silver prices of $1,300/ounce and $21.50/ounce, respectively. In this interview with The Gold Report, they argue that the gold and silver companies that will thrive in 2014 will be those blessed with prudent but aggressive management that can post good margins at today's prices. And they suggest a half-dozen gold and silver miners poised to do just that.

Recent Quotes

"AKG's Q2/16 exit operating parameters were appreciably improved on from those in April."

— Geordie Mark, Haywood Securities (8/16/16)
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"THO consolidates its position as a midtier producer with a strong balance sheet featuring very low debt."

— Geordie Mark, Haywood Securities (8/11/16)
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"AKG's exploration around the Nkran pit continues to deliver yield."

— Geordie Mark, Haywood Securities (8/8/16)
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"AKG's Q2/16 gold production came in-line with expectations."

— Geordie Mark, Haywood Securities (7/20/16)
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"We have a Buy rating for TAHO, a growing, diversified precious metals producer."

— Geordie Mark, Haywood Securities (7/11/16)
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"AKG commissioned the first phase of the Asanko Gold mine in Ghana on time and budget."

— Geordie Mark, Haywood Securities (7/11/16)
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"AKG's amendment of the Red Kite Mine finance agreement to defer principal repayments for 2-years provides added flexibility."

— Geordie Mark, Haywood Securities (5/19/16)
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"THO's overall financial results exceeded expectations."

— Geordie Mark, Haywood Securities (5/9/16)
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"AKG's incremental capacity expansion re-scope offers an attractive path to grow production capacity."

— Geordie Mark, Haywood Securities (5/3/16)
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"AKG holds a critical mass of gold resources and reserves at Esaase and Obotan."

— Geordie Mark, Haywood Securities (4/29/16)
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"AKG declared phase 1 commercial production for the Asanko gold mine, with steady-state operations anticipated by the end of Q2/16."

— Geordie Mark, Haywood Securities (4/7/16)
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"The integration of the Bell Creek and Timmins West gold mines into THO's portfolio bolsters the company's production profile."

— Geordie Mark, Haywood Securities (4/4/16)
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"We believe that AKG's resources and reserves can generate low-cost production."

— Geordie Mark, Haywood Securities (3/24/16)
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"THO's Q4/15 results show strong cash flow on solid operations performance and lower costs."

— Geordie Mark, Haywood Securities (3/10/16)
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"AKG should deliver free cash flow in 2017."

The Gold Report Interview with Geordie Mark (2/11/16)
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"THO's Lake Shore Gold acquisition would seem perfectly timed as that company has matured its operations to deliver lower cost production that would augment Tahoe's production base."

The Gold Report Interview with Geordie Mark (2/11/16)
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"The acquisition of Lake Shore Gold would lower THO's overall risk profile."

— Geordie Mark, Haywood Securities (2/8/16)
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"THO's current valuation provides an attractive entry point."

— Geordie Mark, Haywood Securities (1/12/16)
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"AKG's processing facility is projected to be ready during December."

— Geordie Mark, Haywood Securities (11/16/15)
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"THO's Q3/15 silver-equivalent production was in-line with our expectations."

— Geordie Mark, Haywood Securities (11/13/15)
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"AKG's facility is slightly ahead of schedule for a Q1/16 first gold pour."

— Geordie Mark, Haywood Securities (9/17/15)
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"We are particularly encouraged by AKG's progress of mining."

— Geordie Mark, Haywood Securities (7/13/15)
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"AKG's gold mine is on schedule for its first pour in February 2016."

The Gold Report Interview with Geordie Mark (6/18/15)
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"GSV has defined some very intriguing systems at the Railroad-Pinion gold project in the Carlin Trend."

The Gold Report Interview with Geordie Mark (6/18/15)
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"THO has come close to doubling Ag eq production as a result of the merger with Rio Alto."

The Gold Report Interview with Geordie Mark (6/18/15)
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"Goldcorp's sale of THO shares provides clarity on future acquisitions by THO."

— Geordie Mark, Haywood Securities (6/16/15)
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"AKG signed a power purchase agreement for phase 1 of its gold mine."

— Geordie Mark, Haywood Securities (6/3/15)
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"AKG's gold mine development is running on time and on budget."

— Geordie Mark, Haywood Securities (5/19/15)
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"Overall, we view the results from AKG's Asanko gold mine phase 2 prefeasibility study as positive."

— Geordie Mark, Haywood Securities (5/15/15)
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"THO's Q1/15 financial performance was appreciably higher than our estimates."

— Geordie Mark, Haywood Securities (4/29/15)
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"We have updated our forecasts of THO's Q1/14 financing results."

— Geordie Mark, Haywood Securities (4/24/15)
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"AKG's Asanko mine project is on schedule and on budget."

— Geordie Mark, Haywood Securities (4/9/15)
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"We have upgraded our rating on THO."

— Geordie Mark, Haywood Securities (4/2/15)
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"THO's Q4/14 results were generally in line with expectations."

— Geordie Mark, Haywood Securities (3/13/15)
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"Overall, we view the merger with Rio Alto as a positive for THO."

— Geordie Mark, Haywood Securities (2/9/15)
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"The announced equity financing bolsters AKG's balance sheet and provides flexibility."

— Geordie Mark, Haywood Securities (1/21/15)
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"THO's 5.23 Moz silver production in Q4/14 was slightly ahead of our estimates."

— Geordie Mark, Haywood Securities (1/20/15)
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"Phase 1 construction of AKG's Asanko mine is on schedule and on budget."

— Geordie Mark, Haywood Securities (1/15/15)
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"THO's Escobal should benefit from lower oil prices."

— Geordie Mark, Haywood Securities (12/12/14)
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"AKG has awarded the mining contract for phase 1 at Asanko."

— Geordie Mark, Haywood Securities (11/14/14)
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"THO's Q3/14 financial results beat expectations on higher realized prices."

— Geordie Mark, Haywood Securities (11/12/14)
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"AKG appears to be tracking well with on-site development at Asanko."

— Geordie Mark, Haywood Securities (11/6/14)
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"AKG's revised phase1 resource estimate shows improved confidence and grades."

— Geordie Mark, Haywood Securities (9/10/14)
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