Sector Expert: Duncan Hughes

GMP Securities

Image: Duncan Hughes

Duncan Hughes joined GMP Securities Australia as a mining analyst in 2014. Prior to joining GMP, Hughes was head of research for RFC Ambrian Ltd. in Perth, Australia, beginning in 2010. A geologist, he has more than 15 years of experience in the resources industry and managed the discovery and development of the Prospero, Tapinos and Alec Mairs ore bodies for Jubilee Mines/Xstrata. He worked previously for CD Capital and Linq Capital. He holds a Bachelor of Science (Honors) from Oxford Brookes University and a Master of Business Administration from Imperial College London.



Recent Interviews

Duncan Hughes: The Weak Aussie Dollar Means Strong Aussie Miners (4/29/15)
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A weak national currency is bad news for importers and consumers but good news for exporters, such as miners. According to Australian analyst Duncan Hughes of GMP Securities, the 24% drop in the value of the Aussie dollar versus the U.S. dollar means that local gold producers can produce big margins even at US$1,200/ounce gold. In this interview with The Gold Report, Hughes names two Aussie gold miners with great cash flow, as well as several with projects in Africa, and he highlights nickel and copper companies that can expect to flourish when prices rise, as he expects they will.

Duncan Hughes' Quartet of High-Grade Winners (4/30/14)

With gold hovering around $1,300 an ounce, there's not much room for error, says Duncan Hughes of RFC Ambrian. In this interview with The Gold Report, Hughes counsels that investors should seek high-grade, low-cost projects with exploration upside in stable jurisdictions. He suggests three such companies in West Africa and another with silver, gold and antimony resources in Chile and Australia.

Recent Quotes

"MND is expected to continue to be a highly profitable, dividend-paying producer."

— Duncan Hughes, RFC Ambrian (6/11/14)
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"MND's Q1/14 results reflect continuing solid production performance."

— Duncan Hughes, RFC Ambrian (5/6/14)
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"MND is my top Buy recommendation."

The Gold Report Interview with Duncan Hughes (4/30/14)
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"ROG's Yaramoko is a great asset."

The Gold Report Interview with Duncan Hughes (4/30/14)
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"MND intends to borrow $60M; it looks like a sensible funding facility."

— Duncan Hughes, RFC Ambrian (4/24/14)
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"MND remains our preferred low-cost gold and silver producer."

— Duncan Hughes, RFC Ambrian (4/15/14)
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"MND has commenced a feasibility study for Challacollo."

— Duncan Hughes, RFC Ambrian (3/26/14)
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"MND shows the continuity of highly probable economic mineralization."

— Duncan Hughes, RFC Ambrian (2/17/14)
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