Sector Expert: Heiko Ihle

H.C. Wainwright & Co. , Rodman & Renshaw

Image: Heiko Ihle

Heiko Ihle joined H.C. Wainwright in March 2014 as a managing director for equity research, covering companies in the mining industry. Prior to joining H.C. Wainwright, Ihle spent 2.5 years at Euro Pacific Capital as a senior research analyst covering the mining industry. In addition, he spent over six years working on equity research with Gabelli & Company in Rye, NY. While at Gabelli, he was awarded second place in the 2010 Financial Times / StarMine Top Analyst Awards for the Engineering & Construction space. Prior to his time with Gabelli, he completed summer internships with Deutsche Bank on the foreign exchange trading desk in New York and in fixed income sales in Frankfurt. A native of Germany, Ihle received his Bachelor in Finance and Management from the University of Illinois at Chicago in 2004 and his Master of Business Administration from the University of Miami in 2006. He has been a CFA Charterholder since 2010 and is currently a member of the CFA Institute and the Stamford CFA Society. He holds FINRA 7, 24, 63, 86 and 87 registrations.



Recent Interviews

Heiko Ihle: Back to Precious Metals Equity Investing Basics (1/26/15)
Miner

Investing in mining equities can get rather complicated but Heiko Ihle, managing director at H.C. Wainwright & Co., says precious metals equity investors need to focus on just three criteria: jurisdiction, management and asset viability. In this interview with The Gold Report, he explains his rationale and discusses several of his preferred gold and silver names.

How to Avoid Pawnshop Lending: Heiko Ihle (1/15/14)

Heiko Ihle, senior research analyst at Euro Pacific Capital, wants to warn investors and companies about the perils of "pawnshop lending"Śpredatory lending scenarios that many junior miners find themselves in as a result of the current commodity price climate, the overall financing climate, lack of interest from the buy side and incremental deals. In this interview with The Gold Report, Ihle outlines some alternative financing options and describes the three things he looks for in junior miners at the start of 2014.

Something's Got to Give in the Precious Metals Market: Heiko Ihle (7/10/13)

These are scary times for precious metal investors. Resource equities are in the tank and, adding insult to injury, the gold price took a precipitous fall just days before summer, notoriously one of the slowest seasons for precious metals. Heiko Ihle, an analyst with Euro Pacific Capital in Connecticut, tells The Gold Report that something has to give. And soon. Ihle sets out a likely scenario and highlights some miners that are able to produce profitably at current metals prices.

Recent Quotes

"EFR's strong Q2/18 results have contributed $3M to cash flow."

— Heiko Ihle, H.C. Wainwright & Co. (8/6/18)
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"EFR and Ur-Energy had petitioned the U.S. DOC on Jan. 16, 2018."

— Heiko Ihle, H.C. Wainwright & Co. (7/19/18)
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"GPR's Q1/18 Ag eq production increased 42% year over year."

— Heiko Ihle, H.C. Wainwright & Co. (4/11/18)
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"We continue to believe that exploration upside potential at MAG's Juanicipio exists, especially given the potential for extension of known trends."

— Heiko Ihle, H.C. Wainwright & Co. (3/28/18)
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"We view VGZ's current share price as a buying opportunity."

— Heiko Ihle, H.C. Wainwright & Co. (11/28/17)
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"We expect KDX's Nevada operations to continue to outperform."

— Heiko Ihle, H.C. Wainwright & Co. (9/19/17)
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"Four FCU holes returned high-grade mineralization at PLS' R1515W."

— Heiko Ihle, H.C. Wainwright & Co. (9/8/17)
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"EFR added approximately 1 Mlb uranium to its Canyon resource."

— Heiko Ihle, H.C. Wainwright & Co. (8/28/17)
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"FCU's R1515W hit the widest mineralization to date outside Triple R."

— Heiko Ihle, H.C. Wainwright & Co. (8/28/17)
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"PVG's Brucejack project has now become a mine."

— Heiko Ihle, H.C. Wainwright & Co. (8/17/17)
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"FCU completed its summer 2017 PFS drilling; results were impressive."

— Heiko Ihle, H.C. Wainwright & Co. (8/15/17)
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"Drilling at GPR's Coricancha extended known high-grade areas."

— Heiko Ihle, H.C. Wainwright & Co. (8/15/17)
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"PVG produced 25,392 oz gold at Brucejack during commissioning."

— Heiko Ihle, H.C. Wainwright & Co. (8/14/17)
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"KDX's revenue in Q2/17 of $86.8M equates to a 74% increase YOY."

— Heiko Ihle, Rodman & Renshaw (8/10/17)
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"EFR's profit margins remained strong at 30% in H1/17."

— Heiko Ihle, Rodman & Renshaw (8/4/17)
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"GPR's Q2/17 net income totaled $0.8M, an improvement from Q2/16."

— Heiko Ihle, Rodman & Renshaw (8/3/17)
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"A feasibility study on MAG's Juanicipio would analyze new changes to the ore body."

— Heiko Ihle, Rodman & Renshaw (8/2/17)
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"A highlight hole at KDX's True North intersected 14.3 g/t over 12.5m."

— Heiko Ihle, Rodman & Renshaw (7/31/17)
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"FCU's first two PLS drill holes of summer expanded the R1515W zone."

— Heiko Ihle, Rodman & Renshaw (7/26/17)
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"VIT's Eagle is a low-cost, lower-risk project with permits in hand."

— Heiko Ihle, Rodman & Renshaw (7/24/17)
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"KDX produced 66,629 oz Au eq in Q2/17, a 94% increase from Q1/17."

— Heiko Ihle, Rodman & Renshaw (7/19/17)
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"FCU's management continues to make significant progress at PLS."

— Heiko Ihle, Rodman & Renshaw (7/19/17)
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"In Q2/17, GPR achieved record production of 1.1 Moz Ag eq."

— Heiko Ihle, Rodman & Renshaw (7/17/17)
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"EFR's remaining 2017 production should improve over Q1/17 levels."

— Heiko Ihle, Rodman & Renshaw (7/10/17)
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"Capacity increase to 4 Ktpd should increase value at MAG's Juanicipio."

— Heiko Ihle, Rodman & Renshaw (7/10/17)
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"FCU announced a $6.59M summer program for its PLS project."

— Heiko Ihle, Rodman & Renshaw (7/7/17)
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"We remain impressed with PVG's commissioning of Brucejack on time."

— Heiko Ihle, Rodman & Renshaw (7/6/17)
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"Assays from FCU's PLS confirmed high-grade mineralization at R1515W."

— Heiko Ihle, Rodman & Renshaw (6/6/17)
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"PGLC now boasts total 2P reserves of 30.5 Mt gold and 1.6 Moz silver."

— Heiko Ihle, Rodman & Renshaw (6/6/17)
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"The commissioning phase of GPR's Topia processing plant is complete."

— Heiko Ihle, Rodman & Renshaw (6/2/17)
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"We were impressed by KDX's Q1/17 average gold recovery rate of 93.4%."

— Heiko Ihle, Rodman & Renshaw (5/5/17)
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"During Q1/17, KDX produced 30,654 oz gold and 261,098 oz silver."

— Heiko Ihle, Rodman & Renshaw (4/20/17)
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"GPR should meet our annual production estimate of 4 Moz Ag eq."

— Heiko Ihle, Rodman & Renshaw (4/12/17)
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"FCU discovered a new high-grade zone at PLS named R1515W."

— Heiko Ihle, Rodman & Renshaw (4/5/17)
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"PGLC agreed to sublease a parcel of land close to Brucejack."

— Heiko Ihle, Rodman & Renshaw (4/5/17)
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"KDX reported record revenue for 2016 of $198.2M, beating our estimate."

— Heiko Ihle, Rodman & Renshaw (3/27/17)
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"We anticipate first production at MAG's Juanicipio by H1/19."

— Heiko Ihle, Rodman & Renshaw (3/9/17)
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"We expect to see PVG commission Brucejack next month."

— Heiko Ihle, Rodman & Renshaw (3/8/17)
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"GPR's 2016 Ag eq production was in line with our estimate of 4 Moz."

— Heiko Ihle, Rodman & Renshaw (3/1/17)
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"MAG's Juanicipio project continues to outperform both construction and exploration-related expectations, making it one of the leading development-stage silver projects in the world."

— Heiko Ihle, Rodman & Renshaw (2/15/17)
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"PGLC's Relief Canyon substantially progressed since our last visit."

— Heiko Ihle, Rodman & Renshaw (2/13/17)
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"We are increasing our 2017 production estimate for PVG's Brucejack."

— Heiko Ihle, Rodman & Renshaw (2/6/17)
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"EFR is a strategic US uranium producer that is poised to take advantage of future U3O8 price improvements."

— Heiko Ihle, Rodman & Renshaw (2/3/17)
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"We expect KLDX to reach record production in 2017 and think Au Eq production could reach approximately 220 Koz for the year."

— Heiko Ihle, Rodman & Renshaw (1/20/17)
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"GPR's production should bounce back to over 4 Moz AgEq in 2017, which we expect to remain consistent."

— Heiko Ihle, Rodman & Renshaw (1/12/17)
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"PGLC's Relief Canyon is primed for production and we expect it will be one of the next projects to enter production in Nevada."

— Heiko Ihle, Rodman & Renshaw (1/10/17)
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"GPR's Coricancha purchase is a low-risk way to significantly add to Great Panther's consolidated production profile."

— Heiko Ihle, Rodman & Renshaw (12/21/16)
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"Construction at PVG's Brucejack has continued to progress without major hiccupsŚan impressive accomplishment on management's part."

— Heiko Ihle, Rodman & Renshaw (12/16/16)
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"There is a good chance PGLC will announce a positive production decision by the end of 2016."

— Heiko Ihle, Rodman & Renshaw (11/10/16)
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"KLDX is an underground gold mining powerhouse in the making."

— Heiko Ihle, Rodman & Renshaw (11/7/16)
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"UUUU has accumulated a combination of conventional and ISR uranium projects that should provide investors with leverage to potentially increasing uranium prices."

— Heiko Ihle, Rodman & Renshaw (11/7/16)
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"PVG's Brucejack project is one of the world's premier, large-scale, high-grade, undeveloped gold projects that still maintains significant expansion potential."

— Heiko Ihle, Rodman & Renshaw (11/7/16)
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"We feel strongly positions GPR to meet management's guidance of 4.0-4.2 million silver equivalent ounces as well as beat our estimate."

— Heiko Ihle, Rodman & Renshaw (11/4/16)
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"We view FCU as an eventual takeout target and expect future drilling campaigns to expand the project's resource base."

— Heiko Ihle, Rodman & Renshaw (10/25/16)
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"KLDX is well on its way to becoming an underground gold mine consolidator in Nevada."

— Heiko Ihle, Rodman & Renshaw (10/17/16)
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"GPL is in a strong position to evaluate and execute an acquisition that should add production capabilities to the firm's portfolio."

— Heiko Ihle, Rodman & Renshaw (10/13/16)
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"MAG could eventually be taken out by a larger firm as Juanicipio has proven itself to be a cornerstone asset with exceptional potential."

— Heiko Ihle, Rodman & Renshaw (10/3/16)
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