Trust Issues: Investing in the mining sector with BRWM’s Olivia Markham

In this episode of Trust Issues, we speak to Olivia Markham, manager of BlackRock World Mining, about the investment case for the mining sector, including gold’s record-breaking run, demand for copper, M&A and the most compelling opportunities across the sector. 00:00 Introduction 00:36 Drivers of recent performance 02:00 Outlook for gold prices 03:13 Valuations of gold miners 04:21 Long-term drivers of copper demand 06:06 Slowing demand from China 07:10 Benefit of active exposure 08:27 Likely increase in capex 09:57 Outlook for dividends 11:09 Navigating tariffs 12:57 Impact of resource nationalism 13:52 M&A in the sector 15:18 Most compelling opportunities 17:18 Further information 17:36 Risk warning Our latest note on BRWM - https://www.trustintelligence.co.uk/investor/articles?fund_id=5 BRWM website - https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information Please note that this podcast was recorded on 10 October 2025.