Royalty Investing; Gold as a Hedge Against Inflation
I'm very pleased to have David Garofalo. Mr. Garofalo has served as Chief Executive Officer, President, and Chairman of the board of directors of the Company since August 2020.
He has worked in various leadership capacities in the natural resources sector over the last 30 years. Prior to joining the Company, he served as President, Chief Executive Officer, and director of Goldcorp Inc., a gold production company headquartered in Vancouver, until its sale to Newmont Corporation in April 2019. Prior to that, he served as President, Chief Executive Officer, and director of Hudbay Minerals Inc. from 2010 to 2015, where he presided over that company’s emergence as a leading metals producer. Previously, he held various senior executive positions with mining companies, including Senior Vice President, Finance and Chief Financial Officer, and a director of Agnico-Eagle Limited from 1998 to 2010, and as treasurer and other various finance roles with Inmet Mining Corporation from 1990 to 1998. He was named Mining Person of the Year by The Northern Miner in 2012 and Canada’s Chief Financial Officer of the Year by Financial Executives International Canada in 2009.
In this episode, we’re discussing…
[1:30] What is Royalty Corp?
[3:33] Mining industry and all the entire system to take advantage of and invest
[5:06] What does inflation mean for gold?
[8:18] Why gold protects your savings in this economic environment
[9:33] What’s separate the top royalty companies like this one from all the others that we see up
[12:02] The reason they have 90% of their royalties in gold, 3% in silver, and the balance mostly in copper
[13:10] Their recent acquisitions, a big purchase, and how their portfolio is constantly growing
[15:05] What does it mean to have a royalty
[18:49] Gold mining and the environmental factors
[20:24] David’s advice would give to young and old investors who might be getting into mining and gold for the first time
[22:39] Why they’re exclusively in the New York Stock Exchange
ABOUT DAVID GAROFALO
Chief Executive Officer, President, Chairman, and Director.
Mr. Garofalo has served as Chief Executive Officer, President, and Chairman of the board of directors of the Company since August 2020. Mr. Garofalo has worked in various leadership capacities in the natural resources sector over the last 30 years. Prior to joining the Company, he served as President, Chief Executive Officer, and director of Goldcorp Inc., a gold production company headquartered in Vancouver, until its sale to Newmont Corporation in April 2019. Prior to that, he served as President, Chief Executive Officer, and director of Hudbay Minerals Inc. from 2010 to 2015, where he presided over that company’s emergence as a leading metals producer. Previously, he held various senior executive positions with mining companies, including Senior Vice President, Finance and Chief Financial Officer, and a director of Agnico-Eagle Limited from 1998 to 2010, and as treasurer and other various finance roles with Inmet Mining Corporation from 1990 to 1998. He was named Mining Person of the Year by The Northern Miner in 2012 and Canada’s Chief Financial Officer of the Year by Financial Executives International Canada in 2009. He holds a Bachelor of Commerce from the University of Toronto and is a Fellow of the Chartered Professional Accountants in Canada and a Certified Director of the Institute of Corporate Directors. He also serves on the board of directors of the Vancouver Board of Trade and the Vancouver Symphony Orchestra.