Rinse and Repeat: CEO Darin Wagner on the Model for Balmoral Resources

Rinse and Repeat: CEO Darin Wagner on the Model for Balmoral ResourcesInvestors may be familiar with Balmoral Resources (TSX:BAR), whose share price has roughly doubled since May and has gained over 600 percent since December. To help investors understand what's happened at the company to account for that impressive gain, Nickel Investing News (NIN) spoke with Darin Wagner, president, CEO and director of the Quebec-focused company.

While much of Balmoral's success is connected to its new nickel-PGE discovery in the Grasset Complex, there is definitely more to the story.

From Wagner's point of view, the company's success can be chalked up to a combination of focus, luck and an experienced management team. The seasoned explorer spoke candidly about Balmoral's approach in Quebec's Abitibi region, and noted the importance of "sticking to what you are good at" in order to succeed in the exploration and mining industry.

"I think first and foremost we're explorationists at heart," Wagner explained. "So whether it's gold or whether it's nickel or whether its other base metals, we're always on the hunt for an opportunity that can create shareholder value."

In terms of what's different with Balmoral, the CEO outlined the company's dual approach. "Two things that separate us a little bit in the current market are the fact that we actually have two high-grade discoveries — one on the gold side at Martiniere and a nickel-PGE discovery now at Grasset," he said, adding, "and we're able to finance, handle and be actively drilling on both."

Wagner admitted that "in this market it's difficult to catch investors' attention," but for Balmoral, "it's that combination of the two elements that has really set the company apart. We've got a fairly lengthy track record that says that we're a group that has good potential to extract value out of those discoveries."