Sector Experts

Merrill McHenry

Industrial Alliance Securities

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Merrill W. McHenry, MBA, CFA, has been in the investment business for over 28 years. Early in his career, as a portfolio manager he managed over US$1.5 billion in three U.S. mutual funds, and set up an international mining merchant bank visiting mine project sites on multiple continents. As a mining analyst, he has worked both the buy and the sell sides, providing research for Tier 1 and Tier 2 Investment Dealers, as well as prominent global investors. A couple years ago, he led special projects modeling at BMO Capital Markets for the Global Mining Research Group that was top ranked in Canada by Brendan Wood during his tenure. Currently McHenry works as an analyst for Industrial Alliance Securities and is a member of the CFA Institute and the Toronto Society of Financial Analysts.




Recent Interviews

Mexico's Guerrero Gold Belt, Home of Low-Cost Gold Production and Analyst Merrill McHenry's Favorite Miners (3/20/13) The Guerrero Gold Belt, a sexy, new, developing mining district in the state of Guerrero, Mexico, has attracted some exciting explorers that have unearthed key discoveries. While several companies have gone on land-grabbing sprees, there's still good news: the Guerrero is growing. Merrill McHenry, metals and mining analyst with Industrial Alliance Securities in Toronto and an expert on the area, believes the Guerrero could be more than twice as large as it's currently definedŚpotentially becoming one of the largest gold districts in the world. McHenry tells The Gold Report which companies are strategically positioned to grow and develop within the Guerrero Gold Belt. He also discusses the impact of the evolving Cyprus financial crisis on gold.

Geologist Merrill McHenry Keeps His Eye on the Guerrero Gold Belt (10/29/12) Millions of years ago, tectonic events created significant gold and silver mineralization in the Guerrero Gold Belt in Mexico. Today, two gold companies have reported 16 Moz of gold there, and other discoveries are sure to follow. In this exclusive Gold Report interview, Merrill McHenry, an independent analyst and geologist, explains the region's geology and its hot prospects.

Recent Quotes

"NES' Ana Paula has robust economics and a reduced downside risk." (5/10/13) Newstrike Capital Inc. - Merrill McHenry, Industrial Alliance Securities Moreá>

"CYD's El Barqueno could be a company maker." (4/11/13) Cayden Resources Inc. - Merrill McHenry, Industrial Alliance Securities Moreá>

"There is significant upside to NES' maiden NI 43-101 2.26 Moz Au eq resource estimate." (3/28/13) Newstrike Capital Inc. - Merrill McHenry, Industrial Alliance Securities Moreá>

"NES could have very robust economics with a higher internal rate of return." (3/20/13) Newstrike Capital Inc. - The Gold Report Interview with Merrill McHenry Moreá>

"There are four, going on five, mines on G's Los Filos project." (3/20/13) Goldcorp Inc. - The Gold Report Interview with Merrill McHenry Moreá>

"NES' Ana Paula has intercepted some exceptional 'bonanza-type' grades." (2/7/13) Newstrike Capital Inc. - Merrill McHenry, Industrial Alliance Securities Moreá>

"Even without considering future exploration success, we are fans of NES for Ana Paula's potential alone." (1/23/13) Newstrike Capital Inc. - Merrill McHenry, Industrial Alliance Securities Moreá>

"NES' Ana Paula project has some phenomenal drill results." (10/29/12) Newstrike Capital Inc. - The Gold Report Interview with Merrill McHenry Moreá>

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"G has blazed a trail." (10/29/12) Goldcorp Inc. - The Gold Report Interview with Merrill McHenry Moreá>

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