Sector Expert: Derek Macpherson

Red Cloud Klondike Strike Inc.

Image: Derek Macpherson

Derek Macpherson is Vice President Mining Analysis at Red Cloud Klondike Strike; before joining M Partners he worked as a mining analyst for M Partners and 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 Impossible—Increased in Value 30% This Year (4/15/15)
Gold bars graph

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-date—and 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 fly—and deliver—will 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)
Offense and defense

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

"VIT's Dublin Gulch drill results highlighted 2.1 g/t Au over 21.3m."

— Derek Macpherson, Red Cloud Mining Capital (6/5/17)
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"ICG entered into an agreement to be acquired by Eldorado Gold; the offer represents a 46% premium based on the 20-day volume weighted average price."

— Derek Macpherson, Red Cloud Klondike Strike Inc. (5/15/17)
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"VIT's 2017 exploration program in conjunction with closing of the project financing has potential to be positive catalysts for the stock."

— Derek Macpherson, Red Cloud Klondike Strike Inc. (1/25/17)
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"We believe that these feasibility study results should be a positive catalyst for VIT’s stock."

— Derek Macpherson, Red Cloud Mining Capital (9/12/16)
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"Drill results from KDX's Fire Creek and Midas were positive."

— Derek Macpherson, Salman Partners (12/11/15)
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"We view ICG's infill drill results from the Parallel zone positively."

— Derek Macpherson, Salman Partners (12/10/15)
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"We are initiating coverage of KDX with a Buy rating."

— Derek Macpherson, Salman Partners (12/10/15)
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"ICG is almost ready for its next development stage at Lamaque South."

— Derek Macpherson, Salman Partners (12/4/15)
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"We are initiating coverage on ICG with a Buy rating."

— Derek Macpherson, Salman Partners (11/20/15)
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"KDX's guidance increase suggests a strong Q4/15 is on the horizon."

— Derek Macpherson, M Partners (10/26/15)
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"ICG has all the permits for underground exploration and a bulk sample."

— Derek Macpherson, M Partners (10/22/15)
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"TV reported Q3/15 production results that were ahead of our estimates."

— Derek Macpherson, M Partners (10/9/15)
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"KDX's new strong drill results continue to show Midas' potential."

— Derek Macpherson, M Partners (10/9/15)
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"Recent ICG drill results were highlighted by 32.2 g/t Au over 1.7m."

— Derek Macpherson, M Partners (10/8/15)
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"We expect TMM's production to increase 11% in Q3/15."

— Derek Macpherson, M Partners (10/5/15)
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"Based on the anticipated resource growth, we assume expansion at TV's Santander from 2,000 tpd to 4,000 tpd in 2017."

— Derek Macpherson, M Partners (9/28/15)
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"Our recent site visit to KDX's Fire Creek and Midas was positive."

— Derek Macpherson, M Partners (9/24/15)
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"TMM's capital costs are expected to decrease by $40–60M at Ana Paula."

— Derek Macpherson, M Partners (9/21/15)
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"TV is showing good progress at Caribou."

— Derek Macpherson, M Partners (9/11/15)
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"TV announced mill throughput progressed to an average of 2,489 tpd in August, up 48% from May."

— Derek Macpherson, M Partners (9/9/15)
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"ICG's 46 holes at Triangle return an 11.9 g/t weighted average grade."

— Derek Macpherson, M Partners (9/2/15)
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"TV's Q2/15 financial results were roughly in line with our estimates."

— Derek Macpherson, M Partners (8/18/15)
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"We view Eldorado's deal with ICG positively."

— Derek Macpherson, M Partners (8/18/15)
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"It appears that production at TV's Caribou mine is ready to ramp up."

— Derek Macpherson, M Partners (8/13/15)
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"In Q2/15, KDX's strong operating results provided strong financial results."

— Derek Macpherson, M Partners (8/13/15)
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"NGN's merger with Crocodile brought three producing assets, additional cash and a strong H1/15."

— Derek Macpherson, M Partners (8/10/15)
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"KDX's Fire Creek drill results confirm our view that resource growth is likely."

— Derek Macpherson, M Partners (8/5/15)
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"We continue to view TMM as an attractive investment."

— Derek Macpherson, M Partners (7/31/15)
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"TMM's growth projects are moving ahead."

— Derek Macpherson, M Partners (7/30/15)
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"A positive Caribou update should be positive for TV's share price."

— Derek Macpherson, M Partners (7/30/15)
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"We view KDX's Q2/15 operating results positively, as they continue to highlight management's ability to execute."

— Derek Macpherson, M Partners (7/23/15)
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"ICG's Triangle zone may be growing with better grades."

— Derek Macpherson, M Partners (7/16/15)
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"KDX has received permits to expand the tailings facility at Midas."

— Derek Macpherson, M Partners (7/14/15)
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"We model TV declaring commercial production at Caribou in Q3/15."

— Derek Macpherson, M Partners (7/8/15)
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"TMM commenced its pilot phase to drift underground at San Francisco."

— Derek Macpherson, M Partners (7/7/15)
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