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Derek Macpherson

M Partners

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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

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.

Three Essentials to Look for in Junior Mining Equities: Derek Macpherson (10/21/13) Underappreciated companies and companies with management teams that have disappointed in the past can be opportunities to buy, not sell, says Derek Macpherson of M Partners. Don't be dazzled by flashy drill results, he advises. In this interview with The Gold Report, Macpherson says that investors are better to look for junior explorers with long-term vision, high grades and simple operations in good jurisdictions, and names eight companies that make the grade.

Recent Quotes

"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>

"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>

more comments

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

"TV's drill results from Stratmat were generally positive." (6/20/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX continues to move Fire Creek toward full production." (6/10/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV provides significant leverage to a favorable zinc environment." (6/4/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We are maintaining our Buy recommendation on TMM." (6/2/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV will be the only midtier producer with significant zinc leverage." (5/28/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX's Fire Creek has exceptional grades, strong management and a friendly jurisdiction." (5/27/14) Klondex Mines Ltd. - Derek Macpherson interview with Resource Investing News Moreá>

"ICG's drill results further highlight Lamaque's high-grade nature." (5/22/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX's Fire Creek drill results continue to imply likely resource growth." (5/22/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV reported better-than-expected Q1/14 revenue." (5/20/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"We are encouraged by TV's operational execution." (5/16/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"Q1/14 grades at KDX's Fire Creek were 71.6% higher than our estimate." (5/15/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"TV's Caribou PEA is generally in line with our expectations." (5/14/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"A deep drill hole from TV's Caribou project shows promise." (5/6/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"The Karen vein at KDX's Fire Creek could add ~110 Koz goldŚa 15% increase." (5/5/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"KDX's PEA for Fire Creek is both positive and an important derisking step." (4/30/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We expect the economics of KDX's upcoming Fire Creek PEA to be very robust." (4/23/14) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"New ICG drill results came in ahead of current Triangle zone grades." (4/22/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"We are initiating coverage on ICG with a Buy rating." (4/21/14) Integra Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV's Santander operating results were well ahead of our estimates." (4/14/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TMM should see a second consecutive quarter of free cash flow." (4/9/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"TV has material growth on the horizon." (3/12/14) Trevali Mining Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"Because ATY has very high grades, it doesn't need a lot of throughput to generate meaningful free cash flow." (3/12/14) Atico Mining Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"We like KDX for its exceptionally high-grade resource, strong management team and excellent jurisdiction." (3/12/14) Klondex Mines Ltd. - The Gold Report Interview with Derek Macpherson Moreá>

"Free cash flow begins as TMM's San Francisco has reached a steady state." (3/7/14) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"Stratmat provides TV with long-term growth potential in the Bathurst mining camp." (2/26/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TV is positioned as the next midtier base metal producer with significant leverage to a favorable zinc market." (1/7/14) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"TV is positioning itself as the next midtier base metal producer with significant leverage to a favorable macro-environment for zinc." (10/29/13) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"ATY is making the rapid transition from being a base metal developer to a producer; it should be generating positive operating cash flow by year-end." (10/22/13) Atico Mining Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"CXO has been hitting good results that moved the stock up, even through this summer's tough market." (10/22/13) Colorado Resources Ltd. - The Gold Report Interview with Derek Macpherson Moreá>

"KDX has high grades, low costs, a clean balance sheet and the ability to self-fund development going forward." (10/22/13) Klondex Mines Ltd. - The Gold Report Interview with Derek Macpherson Moreá>

"We like TMM for its low all-in cash costs; the stock should move up once its resource report comes out." (10/22/13) Timmins Gold Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"With so few vehicles to play in zincĺs positive macro environment, TV could trade at a premium to its peers. It should be generating cash very soon." (10/22/13) Trevali Mining Corp. - The Gold Report Interview with Derek Macpherson Moreá>

"Today's drill results underscore TV's Santander's potential to expand." (10/21/13) Trevali Mining Corp. - Derek Macpherson, M Partners Moreá>

"KDX's ability to raise a meaningful amount of money in a challenging equity market highlights the quality of the project." (10/17/13) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"We are encouraged as KDX continues on track toward guidance." (9/12/13) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

"The recent selloff of TMM offers a very attractive entry point." (9/11/13) Timmins Gold Corp. - Derek Macpherson, M Partners Moreá>

"KDX is uniquely positioned to organically fund the next stage of growth." (7/18/13) Klondex Mines Ltd. - Derek Macpherson, M Partners Moreá>

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