In this podcast episode, we chat to David Garofalo, an experienced C-Suite executive in the precious metals space, and the current Chairman and CEO of many companies including Marshall Precious Metals Fund, Great Panther Mining Ltd, GoldMining Inc and a more recent appointment with Gold Royalty Corp. He is also former President and CEO of Goldcorp.
David has 30 years of experience in the creation and growth of multi-billion dollar sustainable mining businesses across multiple continents, and has many awards for his work. I wanted to get David on to the podcast to get his insights on running a leading and successful precious metals miner and the lessons he has learned, as well as how he is implementing these into his work now. We talk about why Goldcorp was successful and how he sees the future of the mining industry in the next decade.
KEY TAKEAWAYS

Replacing reserves that are being depleted is one of the greatest challenges in modern mining. Investors seek returns on capital, which leads to cost-cutting, but this is bad in the long term.
Operations become more bureaucratic and structured by their very nature as they begin to scale. The challenge is to adapt to this through personal development as it occurs.
Mining operations can create added value by de-risking development stage assets, as in the case of Gold Mining, benefitting investors and shareholders.
Investment in the precious metals space will always reap richer rewards if it is spread across many disciplines. Early stage opportunities have the potential to deliver 10 - 20 fold increases in a capital base.

BEST MOMENTS
’What I wanted to focus on were small turnaround stories’
‘What I bring is management methodology, experience and sustainable operating’
’We’re looking across the broad spectrum in the lifecycle of mines’
‘If you’re looking to invest in the precious metals space, you must diversify your portfolio'
VALUABLE RESOURCES
 
Dig Deep – The Mining Podcast on iTunes
David Garofalo LinkedIn - https://www.linkedin.com/in/david-garofalo-cpa-icd-d-478127b6/?originalSubdomain=ca
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight to peoples experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia and Australia. We source, headhunt and discover new and top talent talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients organisation in any mining discipline or level. Mining International provides a transparent, informative and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
 
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3See omnystudio.com/listener for privacy information.