March 22, 2023

Toronto, Canada – The 90th anniversary of the founding of the Prospectors and Developers Association of Canada (PDAC) was celebrated this weekend with the annual convention in downtown Toronto. The event brought together mining industry professionals, investors, and government officials from around the world to discuss the current state of the economy and the future of the mining industry.

Michael Ballanger, CEO of GGM Advisory Inc., shared his thoughts on the event and the two gold companies on his radar. “PDAC is always a great opportunity to network and learn about the latest trends in the mining industry,” said Ballanger. “This year, the focus was on sustainability and innovation, which are critical for the future of the industry.”

Ballanger also highlighted two gold companies that he believes are worth watching. “First, there’s Barrick Gold, which is one of the largest gold mining companies in the world. They have a strong track record of delivering value to shareholders and are well-positioned to benefit from rising gold prices,” said Ballanger. “Second, there’s Kirkland Lake Gold, which has been one of the best-performing gold stocks in recent years. They have a strong balance sheet and a portfolio of high-quality assets that should continue to generate strong returns.”

The mining industry has faced challenges in recent years, including declining commodity prices and increased regulatory scrutiny. However, Ballanger remains optimistic about the future of the industry. “Mining is a cyclical industry, and we’re currently in a period of growth. As long as companies focus on sustainability and innovation, there’s a lot of potential for growth and value creation,” said Ballanger.

The PDAC convention is an important event for the mining industry, and this year’s event was no exception. With a focus on sustainability and innovation, industry professionals and investors are optimistic about the future of the industry. As Ballanger noted, companies like Barrick Gold and Kirkland Lake Gold are well-positioned to benefit from rising gold prices and generate strong returns for shareholders.

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