Quality over Quantity Stressed at Colorado Conferences

October 04, 2013 at 04:00 AM EDT

At the Denver Gold Forum, Adrian Day, president of Adrian Day Asset Management, noted, “Among the larger miners, there was the constant drumbeat that profitable operations would come ahead of growth for the sake . . . → Read More: Quality over Quantity Stressed at Colorado Conferences Similar posts: Follow the Beta Plays with Junior Silver Miners: PureFunds’ Andrew Chanin The Gold Report: In August, the most active contract in... Finding Bargains Down Under with Rick Rule The Gold Report: You recently said that this is your... West Africa—Still Early Days with Lots of Potential: Dan Hrushewsky The Gold Report: When many mining investors hear West Africa,...

At the Denver Gold Forum, Adrian Day, president of Adrian Day Asset Management, noted, “Among the larger miners, there was the constant drumbeat that profitable operations would come ahead of growth for the sake of growth. To hear ‘Our new focus is on mines that make money’ makes one wonder what the old focus was: ‘Mines that lost money,’ perhaps? We all know that when gold gets back to $1,800 an ounce ($1,800/oz) or $1,900/oz, the miners—admittedly at the behest of large shareholders—will be out there once again looking for acquisitions. Why are they not looking for acquisitions now, when the market is … [visit site to read more]