The Dig – Haywood Mining Team’s week in review

POSTED ON February 13, 2015 BY Haywood Mining Team
CATEGORY Haywood Mining Team, The Weekly Dig,

Haywood’s Heritage Moment: Americans will spend $4.8 billion buying jewellery for loved ones this Valentine's Day. the most since the National Retail Foundation began tracking the data in 2010. Source Bloomberg

Does Early-Year M&A Activity Signal Market Bottom?

A recent spate of friendly M&A deals announced since the start of the year raises the question: Do these deals signify the beginning of the end of a bear market that has lingered for over 3 years? These M&A deals also coincide (but are not necessarily related to) a number of large bought deal financings by larger-cap companies, perhaps signifying more available capital and appetite for risk in the sector. After a rise in the gold price in January (reaching $1,300 per ounce in late January), it has since corrected, briefly falling below $1,220 and finishing at $1,229 per ounce at the time of publication. Copper and WTI crude prices also appear to have levelled off after both experienced severe corrections in late 2014/early 2015 followed by high volatility; Both finished on Friday at $2.60 per pound (up 1.5%) and $52.48 (up 2%) per barrel, while Brent crude rose above the $60 per barrel mark this week for the first time in 2015. Silver rose (up 3%) on Friday after a relatively flat week to finish at $17.29 per ounce Friday, while platinum fell (down 1.3%) to $1,208 per ounce and palladium rose slightly (up 0.86%) to $791 per ounce. Nickel (down 4%), lead (down 0.2%) and zinc (down 0.6%) all fell during the week, finishing at $6.62, $0.83 and $0.97 per pound respectively. Finally, the UxC Broker Average Price (BAP) of uranium rose slightly during the week, finishing at $38.19 per pound on Friday.

Here’s an overview of what’s in the Dig this week:

Click here for the full report.

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[Valentines day flowers source]

Haywood Mining Team

Canadian mining companies have been among the industry leaders, creating new exploration and development undertakings and drawing on their recognized production expertise to generate new opportunities. Our mining research team follows all segments of this sector, covering base and precious metal sectors for large and small-cap companies. Haywood's mining sector coverage also continually seeks opportunities in the dynamic Canadian junior market sector, one that has a rich culture in exploration and development. More →

gmark@haywood.com

Haywood Mining Team

gmark@haywood.com

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