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Adrian Day

Adrian Day Asset Management

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Adrian Day, London born and a graduate of the London School of Economics, heads the eponymous money management firm Adrian Day Asset Management, where he manages discretionary accounts in both global and resource areas. Day is also sub-adviser to the new EuroPacific Gold Fund (EPGFX). His latest book is "Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks."



Recent Interviews

More than 25,000 Investors and Mining Types Walked into PDAC. The Result Was. . .Realistic (3/10/14) PDACPDAC curse or blessing? Fresh from the Letter Writer Presentations track at the Prospectors and Developers Association of Canada (PDAC) conference, The Gold Report asked thought leaders to share their impressions from the annual minefest. Adrian Day Asset Management Founder Adrian Day, Exploration Insights Publisher Brent Cook, House Mountain Partners Founder Chris Berry and The Daily Gold Premium Publisher Jordan Roy-Byrne used terms such as "realistic" and "muted." Eric Coffin, editor of Hard Rock Analyst, posited that the lack of excitement might actually benefit the few companies that rose on good conference-timed news because it removed the chance of a "PDAC curse" dropping stock prices after the event. Let's see if all the voices agree.

Adrian Day: Ditch the Risk and Embrace the Upside (1/31/14) Adrian Day likes to think long term, and historical trends persuade him that the bull market in gold should continue for years to come. In this interview with The Gold Report, the founder of Adrian Day Asset Management explains why he expects a significant gold price recovery in the near future. In the short term, he counsels investors to choose companies that minimize risk through royalty agreements, joint ventures and robust balance sheets. In other words, companies with the means to seize profit-making opportunities, and Day shares the names of a handful that fit the bill.

Quality over Quantity Stressed at Colorado Conferences (10/4/13) If it is fall, it must be conference season in Colorado. The Denver Gold Forum, held Sept 22–25, was an invitation-only event billed as featuring seven-eighths of the world's publicly traded gold and silver companies measured by production. It was preceded by the Precious Metals Summit in Beaver Creek, which focused on smaller, emerging companies, some 90 of them with market caps of at least $20 million. Attendees included analysts, fund managers and institutional investors eager to hear updates on companies they own—or may want to own in the future. The Gold Report Publisher Karen Roche and Associate Publisher Jason Mallin were there and brought back this report.

Central Banks Gold
(2/9/13)
 Banks Support Gold

Recent Quotes

"MD's JV partners have already re-upped, which demonstrates confidence in the projects." (1/31/14) Midland Exploration Inc. - The Gold Report Interview with Adrian Day More >

"AMM's Ixtaca drill results continue to be strong." (1/31/14) Almaden Minerals Ltd. - The Gold Report Interview with Adrian Day More >

"I feel very positive about PVG's Brucejack deposit, and the bulk sample results have only gone to support that confidence." (1/31/14) Pretium Resources Inc. - The Gold Report Interview with Adrian Day More >

"VGQ is one of the top companies I would want to hold long term." (1/31/14) Virginia Mines Inc. - The Gold Report Interview with Adrian Day More >

"FNV has great management, a great balance sheet, about $900M in cash and no debt." (1/31/14) Franco-Nevada Corp. - The Gold Report Interview with Adrian Day More >

"The Ixtaca property will be a size where AMM will be paid a multiple of its market cap for the project." (9/11/13) Almaden Minerals Ltd. - The Gold Report Interview with Adrian Day More >

"FNV has an 86% pre-tax margin, $900M cash, unused credit and no debt. It's a beautiful company." (9/11/13) Franco-Nevada Corp. - The Gold Report Interview with Adrian Day More >

"MD has a low spend rate and ~$4M in cash, so it's going to be around." (9/11/13) Midland Exploration Inc. - The Gold Report Interview with Adrian Day More >

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"PVG's Valley of the Kings zone is a deposit with astonishingly high grades." (9/11/13) Pretium Resources Inc. - The Gold Report Interview with Adrian Day More >

"If you think of all of the upside that it has, RGL is very inexpensive." (9/11/13) Royal Gold Inc. - The Gold Report Interview with Adrian Day More >

"VGQ is one of my long-term favorite companies; it's morphing into a royalty model." (9/11/13) Virginia Mines Inc. - The Gold Report Interview with Adrian Day More >

"AMM is in a strong position to continue to advance both its projects." (4/27/13) Almaden Minerals Ltd. - Adrian Day, Global Analyst More >

"VGQ is one of my favorite smaller, pure royalty companies." (4/5/13) Virginia Mines Inc. - The Gold Report Interview with Adrian Day More >

"FNV's agreement with GRO is a great deal because FNV can increase its royalty portfolio without putting in the time to look for small royalties." (4/5/13) Franco-Nevada Corp. - The Gold Report Interview with Adrian Day More >

"GRO is a relatively new royalty company with a very interesting twist on the business." (4/5/13) Gold Royalties Corp. - The Gold Report Interview with Adrian Day More >

"If you're interested in seniors, look at RGLD." (4/5/13) Royal Gold Inc. - The Gold Report Interview with Adrian Day More >

"FNV is my favorite; it generates over $300M of free cash flow each year." (11/26/12) Franco-Nevada Corp. - The Gold Report Interview with Adrian Day More >

"VGC's projects are takeover targets." (8/1/12) Vista Gold Corp. - The Gold Report Interview with Adrian Day More >

"SGC's numbers are astonishing." (8/1/12) Sunridge Gold Corp. - The Gold Report Interview with Adrian Day More >

"MD has five active JVs and doesn't need to raise any more money." (8/1/12) Midland Exploration Inc. - The Gold Report Interview with Adrian Day More >

"MAG's JV partner would be a natural buyer in a takeover." (8/1/12) MAG Silver Corp. - The Gold Report Interview with Adrian Day More >

"G has a very strong pipeline." (8/1/12) Goldcorp Inc. - The Gold Report Interview with Adrian Day More >

"FNV is by far my favorite large-cap gold company." (8/1/12) Franco-Nevada Corp. - The Gold Report Interview with Adrian Day More >

"AMM's Poliquin father-and-son team is widely respected in the industry." (8/1/12) Almaden Minerals Ltd. - The Gold Report Interview with Adrian Day More >

"We expect MD to add properties and JVs; it is a Buy once again." (6/2/12) Midland Exploration Inc. - Adrian Day, Global Analyst More >

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