Investing During The Era Of Peak Gold Discoveries [Goldcorp Inc. (USA), Barrick Gold Corporation (USA), Yamana Gold Inc. (USA)]

TGR: Do all three of those companies have the money to move forward?

BC: Lake Shore and Premier certainly do. Kaminak is putting together a feasibility study, so sometime this year it will probably want to raise money. But it’s not going broke, for sure. Ross Beaty and Lucas Lundin just put money into it.

TGR: That’s a vote of confidence.

BC: It’s pretty encouraging, yes.

TGR: You’ve commented that the gold price has held up surprisingly well in many currencies, with much of the downside behind us. You even ventured that we could see some temporary optimism. Give us something to be hopeful about.

BC: It’s been bad so long that it has to get good. I think it’s a reasonable speculation that we’re going to see some optimism in 2015, but overall, I’m not terribly positive toward the junior sector or the gold price in the short term. I think 2015 looks a lot like this year did. The upside there is that we’re going to have real opportunities to buy the few quality exploration groups and deposits that will be much more valuable come 2016 and 2017.

TGR: Gold prices and junior mining stocks are often very cyclical. You have tax-loss selling, then you have the “January effect” and then “sell in May and go away.” Do those clichés still hold up in today’s market? Can we expect a January effect in 2015?

BC: I think so. That’s my bet on those last three stocks we talked about, but who knows. It’s been a pretty crazy couple of years.

TGR: Thanks for sharing your insights, Brent.

BC: My pleasure.

Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production. Cook’s weeklyExploration Insights newsletter focuses on early discovery, high-reward opportunities, primarily among junior mining and exploration companies.

1) JT Long conducted this interview for Streetwise Reports LLC, publisher of The Gold Report, The Energy Report, The Life Sciences Report and The Mining Report, and provides services to Streetwise Reports as an employee. She owns, or her family owns, shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of Streetwise Reports: Pilot Gold Inc. and Premier Gold Mines Ltd. Goldcorp Inc. is not affiliated with Streetwise Reports. The companies mentioned in this interview were not involved in any aspect of the interview preparation or post-interview editing so the expert could speak independently about the sector. Streetwise Reports does not accept stock in exchange for its services.
3) Brent Cook: I own, or my family owns, shares of the following companies mentioned in this interview: Pilot Gold Inc., Mirasol Resources Ltd., Reservoir Minerals Inc., Kaminak Gold Corp., Lake Shore Gold Corp., Premier Gold Mines Ltd. I personally am, or my family is, paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for participating in this interview. Comments and opinions expressed are my own comments and opinions. I determined and had final say over which companies would be included in the interview based on my research, understanding of the sector and interview theme. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview.
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