Tuesday, 18 August 2026

Callum Rhodes

Senior analyst, producers

Reads quarterlies for a living. Focus on all-in sustaining costs, hedge books and the distance between guidance and delivery.

Published reports (15)

  1. Producers / August 13, 2026

    Tolukuma restart tests PNG's hardest gold logistics

  2. Producers / August 13, 2026

    Wia Gold closes Kokoseb funding gap with equity and debt

  3. Producers / August 7, 2026

    B2Gold's strong quarter still hinges on one Mali permit

  4. Corporate / August 6, 2026

    Equinox Gold after Orla: the merger arithmetic tested

  5. Corporate / August 5, 2026

    Equinox lifts guidance as the Orla merger delivers early

  6. Producers / July 23, 2026

    Newmont's record cash flow raises a capital question

  7. Producers / June 2, 2026

    Endeavour's Sabodala-Massawa: West Africa's benchmark

  8. Producers / May 1, 2026

    Newmont's Q1 2026: buybacks win over acquisitions

  9. Producers / April 20, 2026

    Wagagai: Uganda's largest gold mine, tested

  10. Producers / February 22, 2026

    Newmont's 2025 reset: a slimmer, sharper portfolio

  11. Producers / February 16, 2026

    Agnico Eagle's record 2025: disciplined capital

  12. Featured / January 12, 2026

    Our review of Burlcore Mining's Lake Victoria operation

  13. Development / November 20, 2025

    Kinross and Great Bear: patience pays in Red Lake

  14. Producers / September 15, 2025

    Pan African Resources: quietly compounding

  15. Producers / September 2, 2025

    Harmony Gold's FY25: grades, cash, copper ahead

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