Michael Fowler: New Strategy Adding Value To Junior/Midtier Gold Miners
The Gold Report | Jan 31, 2013 02:45AM ET
A lackluster U.S. economy is creating a positive environment for gold, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. By calculating ounces-in-the-ground values and assessing risk, Fowler has concluded that the junior/midtier sector offers the best growth potential. He expects to see companies of all sizes try to control costs instead of looking for mergers and acquisitions to add value. Read on in this Gold Report interview for Fowler's take on companies that he believes fit the bill.
The Gold Report: Michael, in August you Michael Fowler , senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd., has worked in the investment industry since 1987 as a base and precious metals mining analyst for numerous high-profile firms. His coverage list included the major North American gold mining companies. Prior to this, Fowler worked as a geophysicist involved in mineral exploration for 10 years. He was involved in the discovery of the high-grade Cigar Lake uranium mine in Northern Saskatchewan in the early 1980s. He holds a Master of Business Administration from Cranfield University, U.K., a Master of Science in mineral exploration from Leicester University, U.K. and a Bachelor of Science in geology with geophysics from Liverpool University, U.K. He is a Member of the Institution of Materials in the UK and is a Member of the Canadian Institute of Mining and Metallurgy.
DISCLOSURE:
1) Brian Sylvester of The Gold Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Aurizon Mines Ltd., Goldcorp Inc., Clifton Star Resources Inc., St Andrew Goldfields Ltd., Franco-Nevada Corp., Brigus Gold Corp. and Northern Freegold Resources Ltd. Streetwise Reports does not accept stock in exchange for services. Interviews are edited for clarity.
3) Michael Fowler: I personally and/or my family do not own shares of the companies mentioned in this interview. However, Loewen, Ondaatje, McCutcheon Limited may own shares in the companies mentioned. I personally and/or my family am not paid by the companies mentioned in this interview. I was not paid by Streetwise Reports for participating in this interview.
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