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Stephen de Jong of Integra Resources and VRify says there’s plenty of capital available right now — miners just need to figure out how to attract it.
Stephen de Jong’s Integra Gold was sold last year to Eldorado Gold (TSX:ELD,NYSE:EGO) in a C$590-million deal, but it’s clear that he’s kept busy since then.
de Jong was CEO of Integra Gold at the time of the sale, and he quickly took on the role of chairman at Integra Resources (TSXV:ITR), a new company that includes many of the people involved with Integra Gold at the time it was sold. He’s also assumed the role of CEO at VRify, another new company.
Speaking to the Investing News Network at the recent International Mining Investment Conference, de Jong explained what both Integra Resources and VRify are up to right now.
Integra Resources acquired two Idaho-based assets from Kinross Gold (TSX:K,NYSE:KGC) earlier this year, and de Jong said the company recently published initial results from drilling at one of those projects. The company will be receiving further results over the summer.
Meanwhile, VRify’s objective is to help mining companies use technology to market themselves to investors in new ways.
“Building on everything we learned at Integra Gold [about] how to market a company and the value proposition that gold-mining companies have in general … [we want to] put that into a digital platform where investors can learn about companies and make more informed, better decisions,” de Jong said.
He emphasized that it’s important for mining companies to connect with non-traditional investors, commenting, “we need to attract capital back to our industry; there’s plenty of money in the world, we just need to find a way to bring it back and explain why it’s worth everyone’s time to invest in our sector.”
Watch the video above for more from de Jong. The transcript for this interview will be added shortly.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
