Adrian Day: Why It’s a Very Good Time to Invest in Gold Stocks

Adrian Day of Adrian Day Asset Management shares his thoughts on the resource sector and the gold market.



At this year’s Sprott Natural Resource Symposium, the Investing News Network caught up with Adrian Day of Adrian Day Asset Management to get his thoughts on the resource sector.
“This is a very good time to invest in gold and an even better time to invest in gold stocks,” he said.

He also explained why US President Donald Trump could be positive for both mining companies and the gold price. “As optimism regarding Trump’s policies fades, you will start to see a little more sensitivity to risk in the stock market and that is positive for gold,” he said.
Day said that US Federal Reserve rate hikes should not be a concern for gold investors, and shared what they should actually be watching out for this year.
In closing, he explained why he likes silver and copper and gave his top stock picks in the resource sector, one of which is a junior mining company.

Listen to the interview above for more of Day’s thoughts on gold and the resource sector. The transcript for this interview will be added shortly.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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YAMANA GOLD INC. is pleased to announce it has received the permit at its Jacobina mine to increase throughput to 10,000 tonnes per day . Throughput is expected to reach 8,500 tpd by the second quarter of 2022. At this processing rate production at Jacobina will increase through the second half of 2022 with a full year at a production level of 230,000 ounces per year beginning in 2023. The Company is also reporting ...

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") is pleased to announce it has received the permit at its Jacobina mine to increase throughput to 10,000 tonnes per day ("tpd"). Throughput is expected to reach 8,500 tpd by the second quarter of 2022. At this processing rate production at Jacobina will increase through the second half of 2022 with a full year at a production level of 230,000 ounces per year beginning in 2023.

The Company is also reporting particularly strong operating performance from El Peñón and Cerro Moro, both of which were planned to have higher production in the last several months of the year as they sequenced into higher grade zones, all of which supports the Company's previous guidance that fourth quarter production will exceed 270,000 gold equivalent ounces ("GEO") (1 ) and annual production will exceed overall 2021 guidance of 1,000,000 GEO (1 ) . Fourth quarter all-in sustaining costs ("AISC") (2) are also expected to be the lowest of the year and are estimated to be approximately $980 per GEO (1 ) or lower, which is 7% below AISC (2) reported for the prior three quarters.

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Newmont Corporation (NYSE: NEM, TSX: NGT) ("Newmont" or the "Company") announced today the pricing of its public offering of $1.0 billion aggregate principal amount of 2.600% sustainability-linked senior notes due 2032 (the "Notes"). Subject to customary conditions, the offering is expected to close on December 20, 2021. The offering is being made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission.

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Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM, TSX: NGT) announced today that it has commenced offers to purchase for cash any and all of the outstanding (i) 3.700% Notes due 2023 (the "Newmont Notes") issued by Newmont (the "Newmont Notes Offer") and (ii) 3.700% Notes due 2023 (the "Goldcorp Notes" and, together with the Newmont Notes, the "Notes") issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont ("Goldcorp") (the "Goldcorp Notes Offer" and, together with the Newmont Notes Offer, the "Offers" and each, an "Offer"). The following table sets forth the material pricing terms for each Offer:

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MARKETS

Markets
TSX21162.65+301.55
TSXV920.55+22.85
DOW35719.43+492.40
S&P 5004686.75+95.08
NASD15686.92+461.76
ASX7245.10+3.90

COMMODITIES

Commodities
Gold1784.56+3.88
Silver22.51+0.14
Copper4.340.00
Palladium1850.69-0.31
Platinum957.00+15.00
Oil71.80+2.31
Heating Oil2.23+0.06
Natural Gas3.73+0.07