Sector Expert: Tom Hayes

Edison Investment Research

Image: Tom Hayes

Tom Hayes has been a mining analyst at Edison Investment Research in London since 2010. He worked previously for the consulting firm Mouchel and has been a lead production geologist and resource definition geologist for mines in Australia and Saudi Arabia. He holds a Bachelor of Science from the University of Plymouth and a Master of Science in mining geology from the Camborne School of Mines.



Recent Interviews

Why Is Charles Gibson Nervous About the Fed's Actions? (1/7/16)
Effective Federal Funds Rate

Charles Gibson, an analyst with London-based Edison Investment Research, is nervous. Gibson says the U.S. Federal Reserve's statement that it would push the benchmark interest rate to 1.375% by the end of 2016 could send the U.S. economy in the wrong direction for the sake of containing mostly nonexistent inflation. He says the economy's capacity to sustain higher interest ratesŚespecially higher real interest ratesŚis limited and that could ultimately create greater safe-haven investment demand for gold. In light of some choppy economic times ahead, Gibson and his colleague Tom Hayes recommend defensive equity names with little risk in this interview with The Gold Report.

Tom Hayes' Trio of Rare Earth Project Contenders (7/15/14)

It's not the size of a rare earth elements project resource that determines its success, declares Tom Hayes of Edison Investment Research. In this interview with The Mining Report, he explains that companies will win based on their holdings of heavy and strategic rare earths and their ability to secure funding. With the race on to develop non-Chinese REE sources, he suggests three projects likely to end up on the podium.

Recent Quotes

"H2 FY17 saw a remarkable turnaround in production at ALK's Tomingley."

— Tom Hayes, Edison Investment Research (7/27/17)
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"Positive H2/17 production sees ALK finishing FY17 with a flourish."

— Tom Hayes, Edison Investment Research (6/29/17)
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"ALK revised upwards its H2/17 production target for Tomingley."

— Tom Hayes, Edison Investment Research (6/27/17)
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"ALK's Q3/17 activities indicate a complete turnaround at Tomingley."

— Tom Hayes, Edison Investment Research (5/25/17)
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"We are reinitiating coverage on ALK; Q3/17 gold production recorded a quarter-over-quarter increase of 59%."

— Tom Hayes, Edison Investment Research (5/15/17)
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"ALK's Q3/17 report indicates a complete turnaround at Tomingley."

— Tom Hayes, Edison Investment Research (4/27/17)
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"ALK is progressing Dubbo, mainly focusing on financing negotiations."

— Tom Hayes, Edison Investment Research (3/30/17)
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"ALK's Q2/17 gold sales of 12,519 oz resulted in AU$20.9M in revenue."

— Tom Hayes, Edison Investment Research (2/23/17)
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"ALK's revised two-stage development concept underlines the continuing commitment to build out its flagship diversified rare metals and chemicals project."

— Tom Hayes, Edison Investment Research (12/19/16)
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"ALK's TGO gold mine contributed toward the company's year-end cash position of A$24.6m and pre-tax profit of A$14.3m."

— Tom Hayes, Edison Investment Research (12/15/16)
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"ALK has maintained its current FY17 production guidance of 65-72koz Au at an AISC of production of A$1,200/oz to A$1,300/oz."

— Tom Hayes, Edison Investment Research (11/24/16)
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"VIT's Eagle economics have been positively affected by a devalued Canadian dollar against the Greenback."

— Tom Hayes, Edison Investment Research (10/27/16)
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"ALK has signed an MoU with Siemens relating to its flagship Dubbo Zirconium Project."

— Tom Hayes, Edison Investment Research (10/25/16)
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"VIT released an updated feasibility study; construction is shortened from two years to one."

— Tom Hayes, Edison Investment Research (9/29/16)
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"We believe ALK long-held tenements are prospective enough to yield to further gold resources as evidenced by its two gold mines."

— Tom Hayes, Edison Investment Research (9/29/16)
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"New inputs for VIT's updated Eagle feasibility study positively influence operating costs and shorten construction from two years to one."

— Tom Hayes, Edison Investment Research (9/20/16)
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"ALK has signed an exclusive worldwide marketing, sales and distribution agreement with UK based specialist chemicals firm, Minchem, for its entire annual DZP zirconium output."

— Tom Hayes, Edison Investment Research (8/25/16)
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"ALK exclusive agreement with Minchem is a major key derisking event that should provide key assurances for project financing."

— Tom Hayes, Edison Investment Research (8/16/16)
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"ALK's TGO gold mine continues to perform well."

— Tom Hayes, Edison Investment Research (7/26/16)
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"ALK remains one of the most active junior mining companies in the exploration space."

— Tom Hayes, Edison Investment Research (7/4/16)
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"ALK is set to raise A$16M in capital."

— Tom Hayes, Edison Investment Research (4/28/16)
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"ALK signed an LOI relating to the toll treatment of Dubbo's RE output."

— Tom Hayes, Edison Investment Research (4/14/16)
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"VIT's feasibility study update and drill programs are fully funded."

— Tom Hayes, Edison Investment Research (4/7/16)
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"ALK received the final development permit for the Dubbo Zirconia project."

— Tom Hayes, Edison Investment Research (3/15/16)
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"VIT's resource definition program could produce a materially sized ore reserve to supplement Eagle's economics."

— Tom Hayes, Edison Investment Research (2/24/16)
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"ALK reports a second cash flow-positive quarter in Q2/16."

— Tom Hayes, Edison Investment Research (2/1/16)
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"The amount of gold extracted at surface at ALK's Tomingley gold project exceeded expectation."

The Gold Report Interview with Tom Hayes (1/7/16)
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"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project."

— Tom Hayes, Edison Investment Research (12/17/15)
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"Our value of ALK's Dubbo Zirconium project has improved."

— Tom Hayes, Edison Investment Research (10/19/15)
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