Categories:
General Market Commentary
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Precious Metals
Topics:
General Market Commentary
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General Precious Metals
Sprotts Thoughts: Which mining stocks are solid gold?
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Top performance in mining stocks starts with elite management |
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In a recent discussion hosted by Sprott US Media, titled “Will Gold Trump Politics in 2017”, I had the chance to sit down with Rick Rule, Trey Reik and James Rickards, and pick their brains regarding the state of the economy, gold as an investment, and gold miners. Mr. Rickards put it well when he said, “…when I think about gold mining stocks, the first question I ask myself is who's in charge? Are they high integrity? Are they fly-by-night? Have they done this before with other companies? Is this their first venture? What's the alignment of interest with the investors? … Are you dealing with good management?” Mr. Rule followed later, explaining “What you need to do is look at the résumés of the individuals in place and figure out whether those résumés are actually suited to the task at hand.” Are the management teams at top natural resource firms suited for the task at hand?It’s a good question, particularly in an economic environment such as the one that we are currently in, when diversification into gold and miners is as important as ever. Last year, attendees of Sprott’s Natural Resource Symposium got to find out in person, listening to executives from McEwen Mining, Osisko, Pretium, Silver Wheaton and more. This year, registrants will have the chance to understand first hand, who are these managers? Speakers this year include Rule and Rickards, David Stockman, and Robert Friedland, as well as the heads of the Natural Resource world, with executives from Uranium Energy, Fission Uranium, First Mining Finance, Auryn Resources, and Almaden Minerals to name just a few. If you’re interested, please save the date for this year’s Symposium – to be held July 25-28. Event registration and more details on all the wonderful speakers can be found here. As an added bonus, you’ll receive online access to audio recordings from the 2015 event which includes a remarkable presentation by Eric Sprott. So register today and get a jump start on the content that you’ll see here in July. |
