New Zealand's biggest gold discovery in 40 years

Santana Minerals has discovered more gold at an historic mine site in Central Otago. With prices around record highs, could this fuel New Zealand’s next gold rush?
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00:00 - Intro
00:35 - Inside the Bendigo gold project
01:46 - Gold price & production
02:40 - Interview with Santana CEO
03:29 - Earnings estimate
05:08 - Cost to mine
06:43 - Density discovery
07:21 - Royalties & economic return
08:43 - NZX listing?
09:05 - Government support
10:48 - Ownership
11:42 - Mother nature's money supply
13:55 - Gold in reserve
14:08 - Outro
Videography / Editing | Alyse Wright
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[@MarketsWithMadison]

From rockets in space to gold underground - hope you enjoy this episode! It was about 3 degrees when we were filming this, hence the huge jacket. Let me know if you invest in gold or minerals producers in the comments, and what you think of Santana's prospects. Madison

[@MarketingStrategies28]

I took a lot of gold from the tailings from 100yrs ago mining in Kalgoolee OZ. They didn't have the equipment

[@MarketingStrategies28]

I think he knows about the new system coming. 100x

[@FKTHESYSTEM063]

Space lol nothing but a yarn that word. Anything to do w NASA.

[@stratocastit]

Nationalise it so that kiwis get 100% of the benefits.

[@MTNGear]

Great idea if NZers are willing to put their expertise and money up to make it happen. I assume you are putting all your money into NZ owned companies to kick these overseas investors out

[@ronaldwarren1267]

Don't let black rock anywhere near this gold

[@dsndicmsa7141]

lol just look how state owned assets like the interislander or transpower are going

[@bimocular4312]

Why export it? This is real money and youre going to sell it for fiat garbage?

[@Itssmial_Ova]

Great news for the Australian owners. Not to great news for the New Zealanders who see more than 20% of the value of their GDP get exported by foreign companies who pay less than 2% of royalties.

[@Gumpmachine1]

Yeah but we also don’t take any of the risk or responsibility setting up these industries Perhaps in the future once we’ve rebuilt our mining industry and have the expertise we can do it ourselves but for now we need the Aussies

[@Grover483-vt4zc]

NZ always seems to do this... gives away potential income from valuable resources to foreign companies...

[@Gumpmachine1]

@@Grover483-vt4zc hardly describe it as giving it away

[@Grover483-vt4zc]

@@Gumpmachine1 if you can't see the problem, then you are part of it. Are you working for Santana?

[@Gumpmachine1]

@@Grover483-vt4zc I think you can’t see the problem We can’t be experts at everything in NZ

[@Chris.Davies]

Just so you know: The Kawarau Gorge running from Cromwell back towards Queenstown is quite possibly the world's largest easily accessible untapped gold reserve. I met a South African gold miner who assayed the gorge for the NZ government in the mid-90s. The price of gold then was under $400 an ounce. Today it's $2440 - over six times higher. When I asked this guy what the gold was worth in the gorge, he estimated 300 to 500 billion USD at the time. So, today it would easily be a minimum of 1.8 trillion USD dollars. Then I asked him, "What do you think your chances are of ever getting to mine the Kawarau Gorge?" He replied with, "Zero percent while the government remains solvent." So it's nice to know that if we ever do look like going belly up, we can destroy that gorge for its gold.

[@philipansell]

Interesting! Back In the early 30's my Grandfather along with some other Dunedin business men built the weir bridge at the mouth of the Kawara. They all drove to the opening ceremony, closed the weir gates, in anticipation of wading in downstream and picking up the gold What happened!? The water burst out through the boulders under the weir, barely slowed the flow of theKawarau!

[@FraserBryant-op8yc]

Another great interview with an interesting guest. Thank you Madison!

[@heathfairweather896]

...he's talking billions in profits but heading offshore to Aussie? , royalty at 2percent isn't enough ?...nz deep in debt

[@john-yn5nz]

you mean like the banks ? 40% of Santana S/Hs(owners) are kiwis .. royalty _ corp tax rate 28% + income tax on the 200-300x workers all the GST collected .... the 150mill+ OPEX per year ...HUGE increase in business turnover locally in the region = more jobs more TAXs

[@Gumpmachine1]

We also get all the taxes generated here as well as the the money spent into the economy recycles 9 times

[@chadgillespie9088]

and the jobs and contracts that will come from this project........resulting circulation of money from that

[@douglasashby4349]

And kiwis living in Australia doing FIFO to their job in NZ!

[@heathfairweather896]

@@chadgillespie9088 yeah that's fine n good and the domestic money go round from any prosperous business .. BUT what NZ citizen doesn't want to see this ( their!) countries coffers reap the rewards ??!! 2percent is pittance , this wonderful nation is deep in debt from 6years of reckless spending via socialism . A Bigger slice of the pie ie higher royaltys bare minimum to pay of building more hospitals , cyclone wrecked roads , poorly paid teachers nurses police etc more ferrys ...the list goes on.....there's enough gold in the ground Sth island to pay off NZs debt ...not just keep the local bakery, pub , 4square n real estate agent open,

[@jacksonlee3616]

lol he was a bit shocked when you had done your research about his latest investments lol

[@MarketsWithMadison]

Always check the insider buying/selling before an interview!

[@PeterMoore350]

Cool. Glad you came up on my YT feed. This Aussie living in AKL for 10 years just subscribed. Cheers 😎🎸🤘

[@MarketsWithMadison]

Thanks for the sub Peter, happy to have you here!

[@breakaway2181]

Nice interview. "with Fiat currencies losing some of their value"...try +98%. They're designed that way.

[@lightforce3642]

Yep, we should have Gold Reserves and join BRICS

[@owenbob3002]

hhahaahahahah

[@0markvari]

Those are both excellent ideas, therefore we will do neither of them. No way we're going to break with the US and her other vassals.

[@farhadart]

Is the GOLD of a country belongs to people of that country or the government to do what ever with it?

[@kiakaha6854]

Thanks again for another great interview Madison I work on this project & its great for my family & the country

[@MarketsWithMadison]

Thank you for having us on site!

[@madsonicboating]

love it how exciting and great for all involved

[@olearysam]

the key information here is that it is an Australian company. how the heck is this good for nz outside a few jobs

[@method341]

Madison, I really like how you do your due diligence and ask intelligent questions. You clearly have a knack for finance journalism. Do you reckon you could reach out to other Australian CEOs as well?

[@MarketsWithMadison]

Thank you! Have interviewed a few Aus CEOs including ex-Qantas Alan Joyce (before it all turned ugly) and the new NAB CEO Andrew Irvine. Definitely keen to do more! Let me know if you have any suggestions.

[@dcracka23]

Great interview. Keep it up

[@PeteThecurious100]

Good interview.

[@andrewclare7307]

of course we have sold the rights to mine it overseas ffs

[@titussteenhuisen8864]

Economies are changing rapidly look at Japanese yen and Petro dollar. Very hard to predict what NZ $ will do a small country.

[@warfivevy0ne454]

Masterpiece Presentation

[@TimBrianTufuga]

Congratulations Kiwis.

[@rossinnz]

Why don't we keep it

[@adsdft585]

Professor Zucman is one of the world's top experts on the accumulation, distribution, and taxation of global income and wealth. He is professor of economics at the Paris School of Economics and the founding director of the EU Tax Observatory. This person has ideas about evening the tax burden

[@lightforce3642]

Love Gold 👍👍👍

[@nztttttt]

A 40% royalty would make this make sense for nz

[@leo-et2lc]

Then they probably wouldn't start the project.

[@user-wp4iv8iu3h]

So what! Remember what the Australian companies did to Pike river coal.they took the profits and left the bodies .

[@ajnz2420]

Just subscribed. How many jobs will this create?

[@MarketsWithMadison]

Interviewing the CEO again this week at its listing event - I'll ask! Thanks heaps for the sub!

[@BayLeafff]

1:01 thought that was bloody Jeremy Wells for a second

[@klakola3662]

Haha his dark haired older bro??

[@MarketsWithMadison]

Haha I'm going to show this to Jeremy

[@dafydd359]

😂

[@PeterMoore350]

Santana as in the guitarist Carlos Santana ? Madi pronounce it correctly 😎 If that’s my only issue? You’re doing well Ptr

[@hapimanaparaakiri7250]

us little guys who descend from this country, North island gold is illegal for us to prospect even only 0.1gram. yet BlackRock has investment for green energy anyone see smoke factory anywhere? or just plenty of hydro, geothermal energy on this land, this Aussie santana just rapping us of our resources, coincidence that BlackRock turns up with billions to invest green energy Santana started there RMA consents last year for gold mining then government announced mining speed up consents this year WOW WOW WOW

[@bigload6]

This gold shouldn't be leaving the country. Makes no sense for it to go to foreign companies, Nz is in the state that it needs this gold more than ever

[@puhigeoffreywaynefuimaonok8656]

well that is all Iwi money how do we get it off you fella's

[@eugenerewi9076]

And how much earth for so little

[@JM-gu3tx]

"Yeeah", "figaz" and "betah" are not words.

[@deserteagle-nx1hl]

Snotty, grammar, and Nazi are words.

[@kiwiingrid]

Timed it right and this should put a smile on Shane Jones's face. Some should be kept in NZ for sure seeing as John Key emptied the vaults and sent it to......?? No-one knows actually accept Key.

[@danjackman3827]

Get over it bro, Cindy ruined our country

[@kiwiingrid]

@@danjackman3827 like I'm not aware of that. However once the shit well and truly hits the fan you will find the nz$ is backed by gold again and it had nothing to do with Cindy.

[@MarketingStrategies28]

​@@kiwiingrid Whst about the gold price doubling this year abd 100x of next 10 yrs. Silver goes higher than gold

[@MarketingStrategies28]

​@@kiwiingridAny idea what the new hold back not us called? Zimbabwe us Zig. Usd might be USTN. NZ maybe NZTN ?

[@bigload6]

​@@MarketingStrategies28 I own silver and it's not going higher than gold 😂

[@Grover483-vt4zc]

NZ giving mining rights and profit to foreign companies is pathetic. The right coalition govt advocates and incentivizes mining in NZ... but further mining in beautiful NZ is going to cause significant environmental damage, which will impact the country's international reputation as a top tourist destination and potentially damage tourism as the top earner. At least this impact should be made by NZ owned companies! Keep the profit in NZ!!!

[@ronniethompson7464]

Thats not much money

[@treecanopy]

it is not coincidental

[@peterchapman8753]

Yes billions, but fuck all for the country ????

[@user-xq8qx6bg2j]

❤❤😘😘😘

[@oparapture2647]

so how do we sign up for a domestic fifo job ? haha

[@thnz5067]

And this is why, nations suffer. By giving away resources like this. What a fucking joke

[@selwynmcdonald9062]

Thieves

[@geoms6263]

bad news for people who own gold. more inflation. i move to bitcoin. see you

[@matthewwhite1773]

Metals tend to rise with inflation, good luck with your make believe money