Scotiabank’s mining conference Scotiabank’s mining conference sees executives upbeat on 2022 as analyst Orest Wowkodaw reports,
“We hosted fireside chats with executive management from five larger base metal producers Ero Copper Corp., First Quantum Minerals Ltd., Hudbay Minerals Inc., Ivanhoe Mines Ltd., and Teck Resources Ltd., one U3O8 producer (Cameco Corp., and one Fe producer (Champion Iron Ltd. on day one of the 2021 Scotia Mining Conference … We highlight our key takeaways by company below and note the following major themes: (1) most of the miners have meaningful production growth over the 2022-2023 period, (2) shareholder returns appear poised to further improve in 2022 and beyond as current asset investment cycles are completed, and (3) given the current elevated commodity price environment, rising cost inflation is likely to represent only a modest drag on profitability and FCF.”
Mr. Wowkodaw has sector outperform ratings on Cameco Corp., Champion Iron Ltd., First Quantum Minerals Ltd., Hudbay Minerals Inc., Ivanhoe Mines Ltd., and Teck Resources Ltd..
“Metals miners bullish on 2022 (Scotia)” – (research excerpt) Twitter