The mining industry has various events around the globe to exchange information with service providers, customers, partners and investors. In addition to the Mining Indaba in Cape Town, which takes place every year in February, the industry always meets in Toronto in March for the PDAC, a traditional event that had its beginnings in 1932. The event is organized by the 'Prospectors & Developers Association of Canada' (PDAC). This year, according to the organizers, over 1,100 exhibitors, 2,500 investors and 25,800 guests from 132 countries are expected.
First-hand information
On Sunday, 01 March 2020, at 10:00 a.m. ET, it will be time again. When the halls and exhibition areas open punctually, thousands of interested visitors will flock to the companies' stands to find out the latest information about the
development of their (potential) investments. It is not unusual for guests to have to stand in line to talk to the companies' experts.
It is also not uncommon for a member of the board of directors and one person each from Investor Relations and Geology to be present to provide information. During three and a half days there are many opportunities to get to know
new companies in addition to the names already known.
Go where the people are
The
list of exhibitors at this year's PDAC leaves nothing to be desired. Well-known and still unknown mining companies from all parts of the world, in search of the most diverse minerals, make the heart of the interested participants beat faster. In addition to young explorers, companies in the development and production phases will also be represented and will give participants an insight into the market situation.
Based on that
the price of gold has risen significantly in the past 12 months from below USD 1,270.00 to most recently over USD 1,575.00 per troy ounce, the mood among exhibitors and investors should be correspondingly good.
Something for every investor
If you are looking for a gold company with a lot of potential, you should take a closer look at
Osino Resources (TSXV: OSI) (booth: 3015). Osino has several properties in Namibia and with Heye Daun, it can boast an experienced CEO. In the coming years, the company will explore its areas and make the company fit for takeover.
A similar strategy is being pursued by
Triumph Gold (TSXV: TIG) (booth: 2510) in the Yukon. The company already has
Newmont (TSX: NGT) (booth: 2912) on board as a major shareholder and is gathering further data to make it attractive for an acquisition by a major producer. As a buyer of young companies, for example,
B2Gold (TSX: BTO) (booth: 2731) is a possible candidate. With a market value of over CAD 5.7 billion, the company is one of the larger producers.
CONFLICT OF INTEREST & RISK NOTE
We would like to point out that Apaton Finance GmbH, the owner of news.financial, as well as partners, authors or employees of Apaton Finance GmbH may hold shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our ´
Conflict of Interest & Risk Disclosure´.