Sector Experts

Subscribe to
Streetwise Reports

Ask this Expert

Companies Commented On

Derek Macpherson

M Partners

Image: Derek Macpherson

Derek Macpherson is a mining analyst at M Partners; before joining M Partners he worked in mining research for a bank-owned investment dealer. Prior to entering capital markets, MacPherson spent six years working as a metallurgist. Macpherson has a Bachelor of Engineering and Management in materials science and a finance-focused MBA.




Recent Interviews

M Partners' Derek Macpherson Found Three Resource Companies that Have Done the ImpossibleŚIncreased in Value 30% This Year (4/15/15) If you don't like what people are saying about you, change the conversation. Derek Macpherson, an analyst with Toronto-based M Partners, covers three companies that are up over 30% year-to-dateŚand he believes those companies are performing because they got the market's attention by changing the conversation. In this interview with The Gold Report, Macpherson says companies that can change their narrative on the flyŚand deliverŚwill inevitably perform. Macpherson covers some performers and others that he expects will perform in H2/15 and beyond.

The Best Offense Remains a Good Defense: M Partners' Derek Macpherson (10/7/14) With a strong dollar currently depressing the precious metals prices, M Partners Mining Analyst Derek Macpherson believes that fundamentals will kick in eventually and bring prices back up. In this interview with The Mining Report, he advises investors to look for low-risk companies on solid footing and discusses some of his favorite names that are poised to come out fighting.

Derek Macpherson: Is It a Love Affair or a Tryst? (3/12/14) Investors have again begun flirting with the junior mining sector. Will it lead to a love affair or is it just a tryst? Derek Macpherson, a mining analyst with M Partners, believes it is still too early to be taking on high-risk, high-leverage names. In this interview with The Gold Report, he advises investors to carefully choose low-risk companies, even in this early stage of a rising gold price environment, and names a handful that investors could fall in love with.

Recent Quotes

"We view KDX's Q2/15 operating results positively, as they continue to highlight management's ability to execute." (7/23/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"ICG's Triangle zone may be growing with better grades." (7/16/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX has received permits to expand the tailings facility at Midas." (7/14/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We model TV declaring commercial production at Caribou in Q3/15." (7/8/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TMM commenced its pilot phase to drift underground at San Francisco." (7/7/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"We view TV's new equity financing positively, as it provides flexibility." (6/25/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ICG identified a significant exploration target below the Lamaque mine." (6/19/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"Receipt of the water pollution control permit for Fire Creek derisks KDX's 2015 guidance." (6/18/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

more comments

"We now expect ICG to develop the higher-grade Triangle zone first." (5/29/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX released favorable development drill results from Fire Creek." (5/21/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We view TV's update on initial mining at Caribou positively." (5/20/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We expect ICG's Triangle zone resource to grow with the next update." (5/20/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV's Q1/15 results demonstrate continued execution at Santander." (5/15/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX currently has eight drills active; we expect steady news flow." (5/14/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"KDX's Q1/15 EPS came in ahead of estimates." (5/13/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"ICG's Triangle results returned a weighted average grade of 5.8 g/t." (5/7/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"TMM's Q1/15 financial results were roughly in line with our estimates." (5/5/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"Paste backfill would extend mine life and reduce costs per tonne at TV's Caribou." (4/24/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX demonstrated consistent operating results in Q1/15." (4/15/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV's Q1/15 production suggests operations have reached steady state." (4/15/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ICG is one of our favorite development assets in Canada." (4/15/15) Integra Gold Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"KDX is likely to have positive news flow throughout the balance of 2015." (4/15/15) Klondex Mines Ltd. - The Gold Report Interview with Derek Macpherson Moreá>

"We expect to see some good drill results from SOP's Las Minas project over the next three months." (4/15/15) Source Exploration Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"TMM is poised to build itself into a midtier mining company." (4/15/15) Timmins Gold Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"We are maintaining our Buy recommendation on TMM." (4/14/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"The high-grade, low-cost Lamaque project warrants a premium valuation for ICG." (4/8/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's drill results at Midas highlight the resource growth potential." (4/7/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV's Caribou restart capex is tracking 5ľ10% below budget." (4/2/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"As TV ramps up production, it should trade at a premium to base metal peers." (3/31/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX is another step closer to narrowing the valuation gap with peers." (3/30/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"ICG's Triangle zone returned a weighted average grade of 5.9 g/t." (3/25/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's earnings per share came in ahead of estimates." (3/25/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"Our view regarding TMM's long-term growth potential remains intact." (3/11/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TMMĺs growth potential provides an opportunity." (3/10/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV's Stratmat drill results showed grades in line with the Inferred resource." (3/3/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TMM could produce 347 Koz in 2019, once its two projects ramp up." (2/25/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"Conservative assumptions highlight KDX's ability to generate positive cash flow." (2/24/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"KDX reported initial reserves for both Fire Creek and Midas." (2/23/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"The Newstrike deal adds a development asset to TMM's portfolio." (2/17/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TMM's drilling returned an overall 0.84 g/t weighted average grade." (2/13/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"ICG's resource update confirms the likelihood of a longer-life, high-grade mine." (2/11/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"The results show longer-term growth potential at TMM's San Francisco mine." (2/5/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"We maintain our Buy rating on KDX and are increasing our 12-month target price." (1/30/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"The resource for KDX's Fire Creek saw M&I ounces increase by 46%." (1/29/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We expect TMM to generate $1.9M free cash flow in 2015." (1/26/15) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV's Q4/14 production results were well ahead of our estimates." (1/22/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX produced 30.5 Koz Au eq, 45% ahead of our estimate of 21.1 Koz." (1/20/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV's Stratmat drill results continue to expand the S-5 Lens zone." (1/20/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ICG should warrant a premium valuation relative to peers." (1/14/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"We increased our price target for TV." (1/13/15) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ICG released positive definition drill results from the Fortune zone." (1/8/15) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX is our top pick; its high grades should drive above-average margins." (1/5/15) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"The credit extension should improve TMM's financial flexibility." (12/30/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"As TV ramps up production it should trade at a premium to peers." (12/19/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"The structure and price of TMM's acquisition appear attractive." (12/18/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"CMM may be able to reduce both initial capex and operating costs." (12/15/14) NewCastle Gold Ltd. - Derek Macpherson, M Partners Moreá>

"KDX entered into a toll milling agreement." (12/3/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"Significant exploration potential exists within ICG's Lamaque South project." (12/2/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"MLN announced that it achieved commercial production at La Trinidad." (12/1/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"CMM's stock is poised to rebound in early 2015." (11/26/14) NewCastle Gold Ltd. - Derek Macpherson, M Partners Moreá>

"TV converted the S-5 lens into a new area of mineralization." (11/21/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We see this fixed monthly pricing agreement as positive for MLN." (11/17/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"We believe TV's Santander is approaching steady state." (11/17/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"Having no required environmental assessement could accelerate development of ICG's Parallel zone." (11/14/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's ability to generate free cash flow sets it apart from its peers." (11/13/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We expect TMM to generate positive free cash flow in Q4/14." (10/29/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's Q3/14 production results came in ahead of our estimates." (10/21/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"Continued operational execution should see KDX's stock begin trading at a premium to its peers." (10/20/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We continue to expect positive full-year 2014 free cash flow from TMM." (10/17/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX released excellent results from Fire Creek." (10/9/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"In Q3/14, TV's QOQ silver grades increased by 15%, lead by 49%." (10/9/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX is our top pick for its premium jurisdiction, strong management and exceptional grades." (10/7/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV is our top base metals pick as it continues to benefit from strong supply and demand fundamentals." (10/7/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"CMM is currently optimizing its mine plan so it can complete a feasibility study." (10/7/14) NewCastle Gold Ltd. - The Mining Report Interview with Derek Macpherson Moreá>

"ICG is one of our favorite development stories right now." (10/7/14) Integra Gold Corp. - The Mining Report Interview with Derek Macpherson Moreá>

"KDX has a very high-grade asset, which allows it to have high margins." (10/7/14) Klondex Mines Ltd. - The Mining Report Interview with Derek Macpherson Moreá>

"MLN has relatively high grades, so the cash costs should be on the lower side longer term." (10/7/14) Marlin Gold Mining Ltd. - The Mining Report Interview with Derek Macpherson Moreá>

"We continue to prefer lower-risk, high-margin names like TMM." (10/7/14) Timmins Gold Corp. - The Mining Report Interview with Derek Macpherson Moreá>

"TV has strong commodity fundamentals and it has a strong organic growth profile." (10/7/14) Trevali Mining Corp. - The Mining Report Interview with Derek Macpherson Moreá>

"KDX's updated Midas resource increased grade by 7% and ounces by 77%." (10/2/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"It appears TV remains on track to complete Caribou on time and budget." (9/25/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TV developed the surface and underground at Caribou through summer." (9/18/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX intercepted 2,184 g/t gold and 27 g/t silver over 0.4m at Honeyrunner." (9/16/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"NUG began ramping up exploration to complete its 70% Iceberg earn-in." (9/11/14) NuLegacy Gold Corporation - Derek Macpherson, M Partners Moreá>

"ICG's final 2014 Triangle zone drill results support resource growth." (9/10/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's strong drill results continue to demonstrate Midas' potential." (9/10/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"There is exploration upside at MLN's El Compas." (9/10/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"CMM's Castle Mountain project will likely become a quality asset." (9/4/14) NewCastle Gold Ltd. - Derek Macpherson, M Partners Moreá>

"We expect ICG's costs to materially decline as a result of the mill acquisition." (9/4/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV identified a new copper-gold zone at Stratmat." (9/3/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We rate MLN a Buy due to projected production, grade and cash flow improvements in H2/14." (9/2/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"TV's Santander resource is likely to grow following the next update." (8/21/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"NUG now is funded through the 70% earn-in of its Iceberg project." (8/19/14) NuLegacy Gold Corporation - Derek Macpherson, M Partners Moreá>

"We base our Buy rating on TV's potential to increase near-term gold grades." (8/15/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX generated free cash flow in Q2/14, which sets it apart from peers." (8/13/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TMM's lower-than-expected cash costs offset one-time general and administrative expenses." (7/30/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TMM's cash costs came in below expectations." (7/29/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"We expect MLN to see further multiple expansion." (7/25/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"ICG's new drill results suggest that the resource is likely to grow." (7/16/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV is positioned as the next mid-tier base metal producer with significant leverage to a positive zinc market." (7/15/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ICG has the balance sheet strength to continue exploring its land package aggressively." (7/15/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"MLN's new streaming agreement should lead to additional free cash flow generation." (7/14/14) Marlin Gold Mining Ltd. - Derek Macpherson, M Partners Moreá>

"TMM has operational experience and solid production results." (7/10/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TMM has operational experience, low leverage and an improving valuation." (7/10/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV's sale of the non-core Tingo asset provides $13.5M and balance sheet flexibility." (7/3/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We are impressed with KDX's Midas mill." (6/30/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"Construction and rehabilitation at TV's Caribou appear to be on track." (6/27/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"Positive drill results identified new targets at TV's Stratmat." (6/20/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

fewer comments


Due to permission requirements, not all quotes are shown.