SOURCE: Streetwise Reports

Streetwise Reports

April 15, 2016 09:00 ET

Eric Lemieux of PearTree Securities Interviewed by The Gold Report

SAN FRANCISCO, CA--(Marketwired - April 15, 2016) - Gold supply is getting tighter, deposits of quality are getting rarer and the project development timeline is getting longer. Enter Canada. The Canadian Shield still offers the possibility of break-out discoveries, says PearTree Securities analyst Eric Lemieux. The recent spate of M&A activity points to the potential of the region, and Lemieux discusses several companies that are well positioned to add value.

Included in this interview is: Balmoral Resources Ltd.  (TSX: BAR) (OTCQX: BALMF).

The Gold Report: In the month since the Prospectors & Developers Association of Canada convention (PDAC), the markets have been holding steady. Has the "PDAC curse" -- where mining equities fall after the PDAC convention -- been broken?

Eric Lemieux: I hope so, although it really is still too early to say. Perhaps at this stage, with the drop in copper prices and gold in the $1,240/ounce range, we're in a gray zone. However, there's a certain sense of optimism based on the fact that we're in the last amplitudes of a bottom. Certainly medium fundamentals look interesting. Gold supply is getting tighter, deposits of quality are getting rarer, and there is a lengthening timeline for the development of projects because of more stringent permitting and social acceptability elements.

TGR: What is going on with merger and acquisition (M&A) activity in Quebec and Ontario?

EL: There has been a recent flurry of M&A activity in Quebec and Ontario. One could almost say it is the flight to the old parents... comfort in stability, access to know-how and the realization that there is still much to discover in…

Continue reading this interview: The Canadian Shield Could Host the Next Bonanza Discovery: Eric Lemieux

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Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. Our exclusive interviews with leading industry experts and analysts provide a clear picture of the causes of macro-economic shifts and the strategies that help you capitalize on developing trends.


Balmoral Resources Ltd. is a sponsor of Streetwise Reports. Eric Lemieux had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Lemieux and not of Streetwise Reports or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. 

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