Sunday April 5, 2015, 5:25pm PDT
By Teresa Matich+ - Exclusive to Gold Investing News
There was certainly plenty going on in the gold space this quarter.
Between the wave of gold financings that kicked off the year and acquisitions such as Goldcorp’s (TSX:G,NYSE:GG) takeover of Probe Mines (TSXV:PRB) and Timmins Gold’s (TSX:TMM,NYSEMKT:TGD) move to acquire Newstrike Capital (TSXV:NES), it was certainly a busy few months.
To wrap things up, here’s a look at a few of the top stories from Gold Investing News over the first three months of the year. On the list are commentaries from analysts and industry experts, interviews from PDAC and a look at the unexpected bankruptcy declaration of Allied Nevada Gold (TSX:ANV,NYSEMKT:ANV).
1. 6 Gold Stock Picks from Louis James of Casey Research
At the Vancouver Resource Investment Conference, Louis James of Casey Research shared his views on the gold space and spoke about six stocks that he thought could “offer legitimate value, objective value today.” Some names on the list included Integra Gold (TSXV:ICG), Kaminak Gold (TSXV:KAM) and Dalradian Resources (TSX:DNA). Click here to read the full list.
2. Morgan Stanley Gold and Silver Price Outlook
Near the end of March, Morgan Stanley (NYSE:MS) put out predictions for a number of metals prices for the year. Analysts Tim Price and Joel Crane weren’t overly optimistic in the report, putting their 2015 gold price estimate at $1,185 per ounce and silver at US$17.30 per ounce. Still, the report did point to some upside for the yellow metal should any debate resume over Greece’s debt position in Europe. Click here to read the full story.
3. Rick Rule: ‘Gold Doesn’t Need to Win the War Against the US Dollar’
At the 2015 PDAC International Convention, Trade Show & Investors Exchange, Rick Rule, founder of Sprott Global Resource Investments, took some time to speak about the gold price and M&A in the mining space. Speaking to the strength of the US dollar and the overall economic recovery in the country, Rule wasn’t so convinced that those things were so bad for the yellow metal. “I suspect the strength in the US dollar really has to do with the weakness in all other currencies,” he said. “The idea that the US economy itself is really strong appears to me, as an American, to be a misnomer.” Click here to watch the full video interview.
4. Allied Nevada Gold Could be First Domino to Fall
Many investors and market watchers might not have been expecting Allied Nevada Gold to file for bankruptcy, but that’s just what happened this March. However, Allied Nevada isn’t the only major miner with a lot of debt on its books — Teck Resources (TSX:TCK.B,NYSE:TCK) and Barrick Gold (TSX:ABX,NYSE:ABX) also have high debt levels, and have received downgrades for that reason. Click here to read the full article.
5. PDAC 2015 Watch List: Gold Companies that Glitter
This article looks at a few companies that were slated to be on the floor at PDAC. Companies featured on the list include Klondex Mines (TSX:KDX), Rubicon Minerals (TSX:RMX,NYSEMKT:RBY) Corvus Gold (TSX:KOR) and Dynacor Gold Mines (TSX:DNG). Click here to read the full article.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.