Greetings to our Forum delegates! 

Welcome to KPMG’s 9

th

 annual Mining Executive Forum! 

We’re very pleased to have you here.

At last year’s Forum, Eldorado Gold CEO Paul Wright said that mining 
is an industry characterized by short summers and long winters. Since 
that time, the climate has become decidedly chillier. The mood of 
guarded optimism at our Forum last September has been challenged, 
not by a fiscal cliff in the US or a debt crisis in Europe as many 
expected, but by persistent economic malaise in China and declining 
investor sentiment in the capital markets about mining companies.

We’ve all been through periods of adversity, and we know that 
outstanding management sustains mining companies in times like 
these. At KPMG’s Mining Executive Forum, we pride ourselves on 
getting right inside current management issues by bringing the top 
subjects and best presenters to each podium. In our relatively small 
group, the discussion can be frank. It all contributes to a unique 
learning experience, which we aim for every year. We hope you enjoy 
this year’s Forum and gain the most from it.

Lee Hodgkinson, CPA, CA 
Partner & National Industry Leader, Mining 
KPMG Canada