Junior gold shares have endured a tough bear market, however Claude Bejet of Swiss Gold Letter sees higher occasions forward.
Talking on the Prospectors & Developers Association of Canada (PDAC) conference, he mentioned a turnaround started late final October and was confirmed on November 4, when the VanEck Gold Miners ETF (ARCA:GDX) noticed an 11 p.c enhance.
“The index was not up 3 p.c, 4 p.c — it was up an enormous 11 p.c,” Bejet mentioned. “My expertise in markets … is bull markets begin with a bang, and a bang we had. So I believe we’re in for lots of higher markets and nice revenue alternatives.”
He prefers to spend money on gold exploration corporations, however mentioned that enormous corporations are promoting at low costs proper now.
“One in all my large themes at present is that after this large bear market you should purchase high quality corporations — corporations with manufacturing development — at a reduction,” Bejet defined. These embody shares like Ross Beaty’s Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Aris Mining (TSX:ARIS,OTCQX:TPRFF), whose board of administrators contains Frank Giustra.
Bejet additionally recommended doable takeover targets, mentioning Condor Gold (TSX:COG,LSE:CNR,OTC Pink:CNDGF) and Treasury Metals (TSX:TML,OTCQX:TSRMF) as corporations that can probably be snapped up.
On the silver facet, he pointed to Keith Neumeyer’s First Majestic Silver (TSX:FR,NYSE:AG), in addition to Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF) and Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM). Bejet additionally talked about Aurion Assets (TSXV:AU,OTCQX:AIRRF) as a extra speculative precious metals play to think about.
Watch the interview above for extra of his ideas on the outlook for gold, in addition to gold and silver shares to look at. It’s also possible to click here for the Investing Information Community’s full PDAC playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
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