The Conversation (0)
Jun. 14, 2015 07:40PM PST
For those who missed them the first time around, INN has put together a list of the top gold stories for Q2 2015. Many include stock picks from thought leaders, although some cover key events that occurred during the period.
Besides big investments from companies like Zijin Mining (SSE:601899,HKEX:2899) and Barrick Gold (TSX:ABX,NYSE:ABX), there was some major M&A activity. For example, Alamos Gold (TSX:AGI,NYSE:AGI) and AuRico Gold (TSX:AUQ,NYSE:AUQ) announced plans to merge in April, while more recently Oban Mining (TSX:OBM) revealed it’s gunning for a five-way merger with Eagle Hill Exploration (TSXV:EAG), Temex Resources (TSXV:TME), Ryan Gold (TSXV:RYG) and Corona Gold (CSE:CRG).
Here’s a look at the Investing News Network’s (INN) top gold stories from the past three months. Many include stock picks from thought leaders, although some cover key events that occurred during the period.
1. Brent Cook Talks Junior Mining Stocks
Coming in at the top of the list is a recap of Brent Cook’s presentation at the recent Canadian Investor Conference. Cook is an analyst who publishes a newsletter called Exploration Insights, so naturally attendees were eager to hear his thoughts on the gold space. He talked about the lack of new discoveries in the mining sector, the lack of funding in the gold sector and the growing gap between production levels and new mine development. Cook also offered insight about a variety of gold companies.
2. Survey: Will the Gold Price Hit $5,000?
This article looks at recent price predictions made by Peter Schiff, president and CEO of investment firm Euro Pacific Capital. He sees the gold price climbing to $5,000 per ounce, and it appears many agree with him — INN turned the question of whether gold will indeed rise that high over to readers, and just over half of respondents said it’s only a matter of time.
3. 5 Top-gaining Gold Mining Stocks on the TSX
It’s no surprise that readers were interested in learning about gold stocks that have seen gains on the TSX. For this article, INN compiled a list of the exchange’s top gainers so far in 2015; all were up over 50 percent at time of publication.
4. Rick Rule on Sprott’s Intended Bid for Central GoldTrust and Silver Bullion Trust
When Sprott Asset Management announced its intention to make an unsolicited takeover bid for Central GoldTrust (TSX:GTU.UN) and Silver Bullion Trust (TSX:SBT.UN), INN spoke to the company’s founder, Rick Rule, to get his take on the situation. Not everyone is pleased about the transaction, which Sprott values at approximately US$895 million, but Rule made the case for why it’s a good plan for all parties involved.
5. Louis James’ Canvest 2015 Stock Picks
Rounding out the list is another Canvest stock picks article, this time featuring thoughts from Louis James of Casey Research. While he said that the resource sector has “been through a bear mauling,” he believes that is positive for investors as they now have a shopping list for stocks. Gold companies he described as “win-win picks” include Dynacor Gold Mines (TSXV:DNG), Klondex Mines (TSX:KDX) and Kirkland Lake Gold (TSX:KGI,LSE:KGI).
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
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