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Companies Commented On

  • Alacer Gold Corp.
  • Alamos Gold Inc.
  • Brigus Gold Corp. taken over by Primero Mining
  • Centamin Plc
  • Clifton Star Resources Inc.
  • Fortune Minerals Ltd.
  • Luna Gold Corp.
  • Osisko Mining Corp.
  • Randgold Resources Ltd.
  • SEMAFO Inc.
  • St Andrew Goldfields Ltd.
  • Torex Gold Resources Inc.
  • Wesdome Gold Mines Ltd.

Michael Fowler

Loewen, Ondaatje & McCutcheon

Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd., has worked in the investment industry since 1987 as a base and precious metals mining analyst for numerous high-profile firms. His coverage list included the major North American gold mining companies, but is now focused on small- to mid-sized companies. Previously, Fowler worked as a geophysicist involved in mineral exploration for 10 years. He was involved in the discovery of the high-grade Cigar Lake uranium mine in Northern Saskatchewan in the early 1980s. Fowler holds a Master of Business Administration from Cranfield University, UK; a Master of Science in mineral exploration from Leicester University, UK; and a Bachelor of Science in geology with geophysics from Liverpool University, UK. He is a member of the Institution of Materials in the UK and a member of the Canadian Institute of Mining and Metallurgy.




Recent Interviews

Michael Fowler: How to Find Wildflowers in the Weeds (2/26/14) WildflowersMichael Fowler, senior mining analyst with Loewen Ondaatje McCutcheon Ltd. in Toronto, doesn't typically focus on midtier gold companies, but the opportunities are just too good to pass up. In this interview with The Gold Report, Fowler tells us that even private equity is getting into the game and discusses a handful of companies that are good growth plays.

Michael Fowler: The New Strategy for Adding Value to Junior/Midtier Gold (Hint: It's Not by Making Big M&A Deals) (1/30/13) GoldA lackluster U.S. economy is creating a positive environment for gold, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. By calculating ounces-in-the-ground values and assessing risk, Fowler has concluded that the junior/midtier sector offers the best growth potential. He expects to see companies of all sizes try to control costs instead of looking for mergers and acquisitions to add value. Read on in this Gold Report interview for Fowler's take on companies that he believes fit the bill.

$2,000 Gold Will Soon Kickstart Mining Shares: Michael Fowler (8/17/12) GoldThe lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, according to Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon Ltd. In this exclusive interview with The Gold Report, he explains why he expects gold to finally break through the $2,000/ounce barrier in 2013 and how this should affect the mining stocks that he covers. While share prices are generally low across the board now, Fowler tells us about a few of the ones that he expects to shine bright when the market turns.

Recent Quotes

"SAS has a very good team." (2/26/14) St Andrew Goldfields Ltd. - The Gold Report Interview with Michael Fowler Moreá>

"The results from CFO's Duparquet project are pretty encouraging." (2/26/14) Clifton Star Resources Inc. - The Gold Report Interview with Michael Fowler Moreá>

"CFO could potentially draw 39ľ84 g/t gold at Duparquet." (8/22/13) Clifton Star Resources Inc. - Michael Fowler, LOM Moreá>

"SAS' balance sheet is one of the best among the junior producers." (8/15/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Total Measured and Indicated resources at CFO's Duparquet project are up 29%." (7/2/13) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"CFO intersected 34m grading 5.64 g/t gold at Duparquet." (6/19/13) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS is one of the strongest small producers in the Abitibi." (5/10/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"We continue to rate SAS a Speculative Buy." (4/12/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

more comments

"CFO announced an alternative processing method that could save $157.5M." (3/28/13) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS is progressing well on its plan of steady growth and solid performance generated by a good operating team." (3/15/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS reported excellent drill results from Hislop and Holloway." (3/5/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"INM's grade at La Cigarra was higher than expected, and resource upside is evident." (2/26/13) International Northair Mines Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"NFR announced a positive PEA for Freegold Mountain, with an IRR of 17.5%." (2/21/13) Northern Freegold Resources Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS is the strongest small producer in the Ontario Abitibi region." (2/19/13) St Andrew Goldfields Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Positive drill results from CFO's Duparquet project show about 50% of the holes are potentially economic." (2/15/13) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS has good value because of its legacy and upside potential." (1/30/13) St Andrew Goldfields Ltd. - The Gold Report Interview with Michael Fowler Moreá>

"NFR has a porphyry deposit in the Yukon, a large bulk-tonnage gold-copper deposit." (1/30/13) Northern Freegold Resources Ltd. - The Gold Report Interview with Michael Fowler Moreá>

"As the gold price went up, so did the value of G, essentially like an ETF." (1/30/13) Goldcorp Inc. - The Gold Report Interview with Michael Fowler Moreá>

"CFO's internal rate of return is a good number at 15%." (1/30/13) Clifton Star Resources Inc. - The Gold Report Interview with Michael Fowler Moreá>

"BRD is in a turnaround situation." (1/30/13) Brigus Gold Corp. taken over by Primero Mining - The Gold Report Interview with Michael Fowler Moreá>

"I expect ARZ will entertain white knights, such as Agnico-Eagle or IAMGOLD." (1/30/13) Aurizon Mines Ltd. - The Gold Report Interview with Michael Fowler Moreá>

"CFO's PEA should interest mining companies seeking acquisitions or joint ventures." (1/15/13) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Grade has increased by 20% at NFR's Nucleus deposit." (1/10/13) Northern Freegold Resources Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"NFR has advantages that could translate into better project economics." (1/8/13) Northern Freegold Resources Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"SAS' shares exhibit excellent value with an expected 35% compound annual growth in earnings." (12/11/12) St Andrew Goldfields Ltd. - Michael Fowler, LOM Moreá>

"ARZ has a strong balance sheet, an established management team and a good track record." (12/3/12) Aurizon Mines Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Drill results from CFO's Donchester deposit include 3m grading 13.12 g/t gold." (10/24/12) Clifton Star Resources Inc. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"ARZ is growing, generating good cash flow and is without debt." (10/5/12) Aurizon Mines Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Given its large and growing resource base, NFR remains undervalued." (9/20/12) Northern Freegold Resources Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"Metallurgical recoveries from NFR's Revenue are extremely positive." (9/14/12) Northern Freegold Resources Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

"BRD has exploration upside; its definitely one I'm watching." (8/17/12) Brigus Gold Corp. taken over by Primero Mining - The Gold Report Interview with Michael Fowler Moreá>

"The big story for ARZ is its two large development projects." (8/17/12) Aurizon Mines Ltd. - The Gold Report Interview with Michael Fowler Moreá>

"CFO is extremely cheap in terms of its valuation. We like that." (8/17/12) Clifton Star Resources Inc. - The Gold Report Interview with Michael Fowler Moreá>

"ARZ has an attractive growth rate and looks inexpensive compared to others." (8/2/12) Aurizon Mines Ltd. - Michael Fowler, Loewen, Ondaatje & McCutcheon Moreá>

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