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Companies Commented On

  • Agnico Eagle Mines Ltd.
  • Asanko Gold Inc.
  • Barrick Gold Corp.
  • Calibre Mining Corp.
  • Cayden Resources Inc.
  • Chinook Energy Inc.
  • Claude Resources Inc.
  • Constantine Metal Resources Ltd.
  • Cordoba Minerals Corp.
  • Corvus Gold Inc.
  • Dalradian Resources Inc.
  • Devon Energy Corp.
  • Golden Queen Mining Co. Ltd.
  • Integra Gold Corp.
  • Lynden Energy Corp.
  • Market Vectors Junior Gold Miners ETF
  • Midway Gold Corp.
  • Newalta Corp.
  • NewCastle Gold Ltd.
  • NXT Energy Solutions Inc.
  • Orezone Gold Corporation
  • Premier Gold Mines Ltd.
  • Pretium Resources Inc.
  • rdx Technologies Corp.
  • Red Eagle Mining Corp.
  • Roxgold Inc.
  • Rubicon Minerals Corp.
  • Sprott Inc.
  • Terraco Gold Corp.
  • Torex Gold Resources Inc.
  • Wellgreen Platinum Ltd.
  • ZZ-OLD Ivanhoe Mines Ltd.

Joe Mazumdar

Canaccord Genuity

Image: Joe Mazumdar

Joe Mazumdar is a senior mining analyst focused on the junior gold market at Canaccord Genuity. Prior to that he was at Haywood Securities, where he also was a senior mining analyst. His experience includes director of strategic planning, corporate development at Newmont and senior market analyst/trader at Phelps Dodge. Mazumdar also worked in technical roles for IAMGOLD in Ecuador, North Minerals in Argentina/Chile and Peru, RTZ Mining and Exploration in Argentina and MIM Exploration and Mining in Queensland, Australia, among others. Mazumdar has a Bachelor of Science in geology from the University of Alberta, a Master of Science in geology and mining from James Cook University and a Master of Science in mineral economics from the Colorado School of Mines.




Recent Interviews

Canaccord Genuity's Joe Mazumdar Tells Gold Investors to Go Underground to Survive (8/6/15) Unlike many analysts, Joe Mazumdar of Canaccord Genuity does not expect a substantially higher gold price any time soon. So what are hard-pressed gold investors to do? In this interview with The Gold Report, Mazumdar argues that they should seek high-grade resourcesŚusually undergroundŚin stable jurisdictions that benefit from the strong American dollar. And he highlights seven near-term developers that offer exactly that.

Catalyst Check: Natural Resources Watchlist at Three Months (10/6/14) At the Cambridge House Canadian Investment Conference in June, The Gold Report Publisher Jason Mallin asked a panel of experts picking a portfolio of stocks with upside potential for the 2014 Streetwise Reports Natural Resources Watchlist what they wanted to see in an equity. As always, Sprott US Holdings Inc. CEO Rick Rule, summed up the ideal beautifully. "We like reality at a discount," he said. Now that three months have passed, we decided to check in with Rick and co-panelists Joe Mazumdar from Canaccord Genuity and Keith Schaefer from Oil & Gas Investments Bulletin to see how that reality is playing out. You can always check the portfolio in real time at the Portfolio Tracker.

Canaccord's Joe Mazumdar Shares His Favorite Get Rich Slow Schemes (10/1/14) Gold prices are down, but the prospects for fully funded development stories are up. In this interview with The Gold Report, Canaccord Genuity Analyst Joe Mazumdar shares the stories that are moving forward despite the downturn in commodity prices, and names some companies that could be the next takeover success stories.

Recent Quotes

"We have upgraded our recommendation on AKG to Speculative Buy from Hold." (8/26/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We are raising our target price for PVG." (8/23/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"PVG's cash allows it to begin construction in late August 2015." (8/9/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG is advancing the first phase of the Asanko gold mine in Ghana." (8/6/15) Asanko Gold Inc. - The Gold Report Interview with Joe Mazumdar Moreá>

"PVG is on the Canaccord Genuity Focus List as it represents a high-grade gold development play in a stable jurisdiction." (8/6/15) Pretium Resources Inc. - The Gold Report Interview with Joe Mazumdar Moreá>

"PVG received the federal permit for its high-grade Brucejack gold project." (7/31/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We upgrade our recommendation on AKG to Speculative Buy from Hold." (7/22/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"The infill program at PVG's Brucejack project should upgrade resources." (7/16/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

more comments

"We expect AKG to achieve positive free cash flow by Q2/16." (7/14/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"Year-to-date, AKG has outperformed the benchmark GDXJ, 26% versus 4.6%." (6/24/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"PVG's progress on the Brucejack gold project is positive." (6/10/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"PVG has reported exceptionally high-grade results from the Valley of Kings deposit." (6/4/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"Securing stable power for Obotan's phase 1 is a positive for AKG." (6/3/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG's Obotan remains well funded to deliver its first pour in Q1/16E." (5/26/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We now expect commercial production at PVG's Brucejack project by Q4/17." (5/10/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We maintain our Speculative Buy rating on AKG." (4/14/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"PVG got its environmental certificate ahead of our forecast." (3/30/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG is well funded ($334M) to deliver steady state production." (3/25/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We are initiating coverage on PVG with a Speculative Buy rating." (2/23/15) Pretium Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG announced a CA$40M bought deal equity financing." (1/21/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We raised our target price for AKG." (1/13/15) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"A resource update is expected in late Q1/15 for PG's Hardrock." (1/12/15) Premier Gold Mines Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG is a well-funded, liquid, near-term development play." (12/10/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We maintain our Speculative Buy recommendation for AKG." (11/30/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"Companies like AKG are in good shape to advance and develop their respective projects." (10/1/14) Asanko Gold Inc. - The Gold Report Gold Conference Roundup with Joe Mazumdar Moreá>

"In terms of derisking, there is a lot of data there for CMM." (10/1/14) NewCastle Gold Ltd. - The Gold Report Interview with Joe Mazumdar Moreá>

"TEN has royalties on the northern part of the Spring Valley project, where the majority of the current resource lies." (10/1/14) Terraco Gold Corp. - The Gold Report Interview with Joe Mazumdar Moreá>

"Companies that are fully funded to production such as AKG are less susceptible to changes in their equity prices in the near term." (10/1/14) Asanko Gold Inc. - The Gold Report Interview with Joe Mazumdar Moreá>

"AKG's Asanko gold mine now hosts 3.54 Moz grading 2.22 g/t Au." (9/11/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We are raising our target price on AKG." (8/26/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We maintain our Speculative Buy rating for AKG as we await its many near-term catalysts." (8/24/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"CMM is fully financed to begin production at its 6.4 Mtpa Castle Mountain gold project." (8/22/14) NewCastle Gold Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"Metallurgical test results for AKG's Dynamite Hill came in higher than our forecasts." (7/29/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG's mine generates a 24% IRR at our long-term gold price curve." (7/17/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"AKG executed amended agreements for the $150M project debt facility." (7/14/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"CMM's new financing should generate further derisking." (7/1/14) NewCastle Gold Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"Dynamite Hill is a good potential phase 1 ore source for AKG's Asanko gold mine." (6/19/14) Asanko Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS could reach >50 Mlb U3O8, justifying a standalone plant." (6/16/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"CYD's El Barque˝o is relatively shallow and very amenable to open-pit mining." (6/9/14) Cayden Resources Inc. - The Gold Report Interview with Joe Mazumdar Moreá>

"We maintain our Speculative Buy rating for CMM." (6/2/14) - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU assays lifted (+1.5 Mlb) our PLS resource estimate to +51 Mlb." (5/29/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU reported more assay results that led us to increase our overall resource estimate for Patterson Lake up to 50 Mlb U3O8." (5/14/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"Highlights from ROG's Bagassi South include 226.76 g/t Au over 3.1m." (5/6/14) Roxgold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We have raised our price target for CMM." (4/28/14) NewCastle Gold Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"We expect ROG to begin breaking ground on the high-grade Yaramoko project in Q4/14." (4/28/14) Roxgold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"We consider FCU a potential takeover candidate." (4/28/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"ROG's feasibility study on Yaramoko shows an IRR of just under 50%." (4/23/14) Roxgold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's winter 2014 program has been successful in multiple areas." (4/14/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"Applying our gold price curve, ROG's Yaramoko project generates paybacks of less than a year." (4/9/14) Roxgold Inc. - Smallcappower.com Interview with Joe Mazumdar Moreá>

"We anticipate lots of news flow from CYD's drilling this year." (4/8/14) Cayden Resources Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's drill program at PLS extended the strike length of the PL3B." (3/31/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"ROG closed its bought deal financing for gross proceeds of CA$28.8M." (3/25/14) Roxgold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU is close to attaining a critical volume to support a standalone processing facility." (3/24/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"We are initiating coverage of ROG with a Speculative Buy rating." (3/17/14) Roxgold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS is one of the most attractive uranium projects in the hands of a junior." (3/17/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"We have a resource estimate of 8 Mlb at FCU's R585E zone, and drilling success encourages us that it could grow further." (3/10/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"We have raised our target price for PG; there continues to be upside to the story." (2/26/14) Premier Gold Mines Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"We have added 8 Mlb to our FCU U3O8 resource estimate, now 43 Mlb." (2/19/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"At FCU's PLS project, intersections extended known mineralization." (2/11/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

(2/4/14) NewCastle Gold Ltd. - The Gold Report Interview with Joe Mazumdar Moreá>

"AEX has a stellar management team ." (2/4/14) Alpha Exploration Inc. - The Mining Report Interview with Joe Mazumdar Moreá>

"FCU has an outstanding project along the southwest margin of the Athabasca Basin." (2/4/14) Fission Uranium Corp. - The Mining Report Interview with Joe Mazumdar Moreá>

"FDC's management team has a track record of discovering with major uranium players." (2/4/14) Forum Uranium Corp. - The Mining Report Interview with Joe Mazumdar Moreá>

"FCU's preliminary drill results confirm that high-grade intersections have the potential to add significant volume to zones such as R390E and R585E." (1/27/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS is one of the most attractive uranium projects in the hands of a junior since Roughrider." (1/15/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"More positive drill results from FCU's Patterson Lake South reinforce our Speculative Buy rating." (1/15/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"PLG's KCD and K2 returned significant mineralized intersections." (1/14/14) Pilot Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"PRB is well financed and led by a mining veteran." (1/14/14) Probe Metals Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FDC has a team of career uranium exploration geologists with a track record for discovery." (1/14/14) Forum Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"KDX is led by a highly experienced veteran of Nevada narrow-vein underground mining." (1/14/14) Klondex Mines Ltd. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's radon-in-water surveying will help prioritize future drill targets at Patterson Lake South." (1/13/14) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's success continues with the confirmation of yet another highly mineralized zone at PLS." (12/30/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's R945E zone returned positive results." (12/18/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"TGM's Rambo West drill results show encouraging widths of gold mineralization." (12/16/13) True Gold Mining Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU should have enough cash to advance PLS another couple of drill programs." (11/27/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS project is one of the most attractive uranium projects in the hands of a junior." (11/4/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS is the 'go-to' name in the junior uranium sector, in our opinion." (10/25/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"PLG's Karaayi area hosts targets amenable to low-strip, open-pit mining and heap-leach processing." (10/7/13) Pilot Gold Inc. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's Patterson Lake South is one of the most attractive uranium projects in the hands of a junior." (9/27/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's new infill results confirm high grades at the PLS R390E zone." (9/25/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's drilling results indicate more pods of high-grade mineralization at PLS." (9/23/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's PLS is one of the most attractive uranium projects in the hands of a junior." (9/16/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"The attractiveness of FCU's PLS play is apparent in its shallow depth to mineralization." (9/5/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

"FCU's summer 2013 drilling intersected 54.5m grading 9.08% U308, the best intersection to date." (9/4/13) Fission Uranium Corp. - Joe Mazumdar, Canaccord Genuity Moreá>

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