I Like Gold Developer Companies After the Recent Sell-off Jul22

Posted by & filed under Mining.

I am neutral to mildly cautious on gold prices at current $1700 levels for the rest of this year. However, I am constructive on gold after 2023 and I am positive on gold developer company stocks over the next three to five years at current levels. I should note that my bias on gold has tended to be too conservative during my three decades in the gold investment space

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Best Idea: Agnico Eagle’s Deal with TMAC is at a Historic Bargain Price Jan15

Posted by & filed under Investing, Mining.

As shareholders of TMAC Resources Inc. (“TMAC”) we are disappointed with the January 5, 2021 news of the proposed buyout of the company by Agnico Eagle Mines Limited (“Agnico ”) for Cdn $2.20 per share or just under Cdn $300 million. While the offer is Cdn $0.45 per share higher than Shandong’s May offer that was struck down last month by the Canadian government on national security concerns, we think history will view this transaction as a steal relative to current gold mining valuations

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Post Covid on Gold: Mildly Cautious but with a Higher Floor Dec24

Posted by & filed under Investing, Mining.

We are mildly cautious on the gold price for 2021 as we expect some of the factors that drove it to record highs in 2020 will begin to reverse. As the world moves somewhat back towards normal, we think the financial shock and volatility resulting from Covid-19 (Covid) will abate, causing downward pressure on the gold price from current $1,880 per ounce levels

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