North American Focused Gold Consolidator
The Capital Markets Are Broken For Juniors
The Miner’s Problem
The Buyside Problem
- Broken capital markets trap valuable gold assets in companies without financing prospects
- Just 65 out of 2,600 public mining companies in Canada had daily trading volumes over $100K during Q1 2024, resulting in undervalued assets despite historically high gold prices
The Miner’s Problem
- In the past, juniors benefited from a more efficient financing ecosystem
- Gold funds provided reliable long-term capital while investors afforded teams more time to execute and create value beyond the typical four-month hold period
- Now there is no capital and no patience
The Buyside Problem
- Fundamentals focused investors face challenges like a shortage of investors, waning interest in mining, and ongoing redemptions
- While many stakeholders are frustrated, PGV embraces this new market dynamic