Gold Fund Manager’s Top 2020 Mining Picks
Date Posted: January 9, 2020
Read time: 1 min
Ralph Aldis, co-portfolio manager of U.S. Global Investor's two gold mutual funds, spoke to MoneyShow about his top two mining stock picks for 2020. Ralph highlights Canada's Major Drilling Group International and TriStar Gold.
Ralph Aldis, co-portfolio manager of U.S. Global Investor’s two gold mutual funds, spoke to MoneyShow about his top two mining stock picks for 2020. Ralph highlights Canada’s Major Drilling Group International and TriStar Gold.
Ralph predicts that senior gold miners will ramp up exploration and drilling in order to grow reserves and resources. Because of this, companies such as Major Drilling could benefit, as seniors might not want to outright buy an exploration company. A more speculative stock Ralph recommends is TriStar Gold, as the gold miner has been able to secure funding and grow its resource base over the last few years. “The biggest issue in the exploration space over the last couple of years is securing funding.”
For Ralph’s full predictions and an update on his 2019 top pick, read the MoneyShow article here.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (09/30/2019): Major Drilling Group International, TriStar Gold Inc, Royal Gold Inc, Gold Fields Ltd, Yamana Gold Inc, Leagold Mining Corp, Wesdome Gold Mines Ltd.
Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot.
