You are invited to the Wednesday, November 25th meeting (at 4:15 pm) of the Discussion Group of CIM’s Management and Economics Society, for a presentation by

Joe Hinzer, P.Geo.

President, Watts, Griffis and McOuat Limited

who will deliver a presentation on:

Possible Futures Available for the Exploration Industry

Abstract: The mining industry has experienced many cycles. Reporting standardization and regulatory reform was the industry response to regain investor confidence after the Bre-X fraud and underpinned the next decade of growth., Since mid-2011, however, the industry as a whole has recorded more than $250 billion in impairment write downs. Social pushback and resource nationalism demands thwarted aggressive project completion targets and economic projections. The industry is struggling to regain its footing, applying traditional focus on cost cutting and higher quality targets, but the outlook remains flat. The minerals industry is in the midst of a fundamental shift as output and consumption are realigned and market control forces are restructured. China is opting for large scale solutions, believing bigger is better, many developing countries see small scale artisanal operations as the solution to more efficient commodity production and social peace. Metal trading is being re-organized for more transparency. Traditional project financing has become more risk adverse and new approaches such as crowd funding and streaming are stepping in. More and more issuers understand that future survival may mean establishing partnerships with governments, sharing facilities and joint infrastructure development as well as greater collaboration with competitors and local communities.

Biography: With more than 30 years in the mining industry, Joe Hinzer is an influential member of the international mining community, having served on the board of both PDAC and CIM. Mr. Hinzer’s expertise spans grassroots exploration through to mine operation, and today leads WGM’s due diligence and valuation practice. He also heads the firm’s CSR initiatives, having recently assisted the government of Nunavut, Canada’s largest Territory to develop a land resource management regime.

WGM is Canada’s longest running independent firm of geological and mining consultants, providing professional services to the global mineral resource industry for over 50 years. It’s client list ranges from small cap junior exploration companies to globally diversified metal producers; private venture capital firms to international investment funds; local stakeholders to governments of every level. From grass-roots exploration through to mine closure, WGM’s services include project management, property valuations, Mineral Resource and Reserve estimates, NI 43-101 and JORC technical reports and due diligence reviews.

Wednesday, November 25, 2015

Refreshments at 4:15pm – Presentation at 4:35 pm

at

Borden Ladner Gervais LLP
Scotia Plaza, 40 King St W, 44th floor, Toronto

All are welcome to this excellent networking and learning opportunity.

Please RSVP by email to secretary@cimmes.org if you are interested in attending.

Thank you to our sponsor, Borden Ladner Gervais LLP for again providing the space!

Keep up to date by checking us out at: www.cimmes.org