One-On-One with David Garofalo, Chairman Marshall Precious Metals Fund and Great Panther Mining 155 views•Aug 18, 2020
Bloor Street Capital
David Garofalo, Chairman of Marshall Precious Metals Fund and Great Panther Mining and former President and CEO of Gordcorp, shares how the Newmont-Goldcorp deal transpired, his views on gold and bitcoin and what he would do if he could have a second career.
00:00 Introduction of David Garofalo. 00:41 Why did you get into mining? 1:59 How did each company you worked for contribute to your success? 3:03 What was the most stressful thing about being the CEO at Goldcorp? 4:31 How did the Newmont - Goldcorp deal transpire? 6:05 Gold has gone from $1300 to $2000 do you regret selling to Newmont? 8:33 Do you think Newmont and Barrick continue on the quest to get bigger? 10:33 David discusses Marshall Precious Metals Fund. 11:58 David discusses why he got involved with Great Panther Mining. 14:25 David discusses his views on the financial markets, gold and bitcoin. 17:27 Where do you invest your money? 19:19 If you could have a second career what would it be? 20:18 David discusses how he relaxes. 20:58 Conclusion
Great Panther Silver (GPL) Tops Q2 Earnings and Revenue Estimates Great Panther Silver (GPL) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this silver mining company would post a loss of $0.01 per share when it actually produced a loss of $0.02, delivering a surprise of -100%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Great Panther, which belongs to the Zacks Mining - Silver industry, posted revenues of $67.03 million for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 3.47%. This compares to year-ago revenues of $45.28 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Great Panther shares have added about 78.4% since the beginning of the year versus the S&P 500's gain of 3%.
artman thank you - Very possible, may even be before Christmas!!! Q3 financials will have a major impact in delivering higher share prices once news released and Q4!!! GPL looking very positive!!
Ex. a fast comparison with Kirkland Lake Gold Corp. and it had only one producing mine when it was @ a low $price and it has done very well - I felt it had more risk for mining - done in one of the deepest mines in Canada -
GPL/GPR have many more mines and @ this low $price :-)) - its a great gold & silver mines bargain opportunity - Imo!
Gold & Silver bulls starting to break out > ^ > ^ > ^
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