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« The Bull Market is Over | Main | How to Stop a Pickpocket »

“Why I’m Looking at Small Gold Miners. . .”: Steve Todoruk

Over the last 12 to 18 months, we’ve seen some gold miners reach higher share prices.

As we pointed out earlier this summer, there are winners and losers. Some companies, like Klondex Mines (KDX.CA), Detour Gold (DGC.TO), and Evolution Mining (EVN.AU) have moved higher over the last year. Others like Midway Gold (MDW.CA) and Argonaut Gold (AR.CA) have declined.  

Steve Todoruk, a broker at Sprott Global Resource Investments Ltd., has been following the move higher in certain gold mining stocks. I asked Steve why some miners are recovering – but not others.

Hi Steve. You’ve been watching the companies that are outperforming.

Why are some gold miners going higher when gold is still near a 5-year low?

Some miners are increasing their output while keeping costs low, which increases their return to shareholders even if gold is going nowhere. On the other hand, many other miners are disappointing investors because their production is inefficient – or their mines are proving to be low-quality.

read more....


Is the bottom really in? Could there be a final capitulation just ahead of us? Have you plenty of cash to take advantage of the coming bargain prices?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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