Michael Gray

Macquarie Capital Markets

Image: Michael Gray

Michael Gray is a mining equity analyst with Macquarie Capital Markets and covers a range of precious metal explorers and producers with an emphasis on North and South America. He is an exploration geologist and holds a Bachelor of Science in geology (University of British Columbia) and Master of Science in economic geology (Laurentian University). His career of over 25 years in the mineral exploration business started with senior mining companies including Falconbridge, Lac Minerals, Cominco and Minnova where he worked throughout Canada and the USA. He co-founded Rubicon Minerals in 1996 and helped navigate the company through a series of joint ventures and an asset portfolio build that was eventually centered on the Red Lake gold district, Canada. During this period, Gray was president of the 5,000 member B.C. & Yukon Chamber of Mines for one year and on the executive committee for six years. Gray then joined the mining analyst world in 2005 where he brought to bear his technical skills to identify new precious metal opportunities at an early stage with outstanding exploration potential; he has covered a number of these opportunities that were subsequently taken over by gold producers.

Recent Quotes

"With Juanicipio, MAG offers exposure to a best-of-breed asset."

— Michael Gray, Macquarie Capital Markets (4/12/19)
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"There are five drills at MAG's Juanicipio plus another expected soon."

— Michael Gray, Macquarie Capital Markets (4/4/19)
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"MAG's Juanicipio is being built for mine life beyond the PEA case."

— Michael Gray, Macquarie Capital Markets (3/6/19)
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"LGD's Goldstrike maiden resource came in at 1.139 Moz at 0.54 g/t Au."

— Michael Gray, Macquarie Capital Markets (2/8/18)
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"RPM's Florida Canyon November production increased 20% over October's."

— Michael Gray, Macquarie Capital Markets (12/11/17)
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"RPM documented thick sulphide mineralization at Florida Canyon."

— Michael Gray, Macquarie Capital Markets (11/29/17)
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"We are encouraged by RPM's improved cash position."

— Michael Gray, Macquarie Capital Markets (10/30/17)
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"We see considerable rerating potential for RPM."

— Michael Gray, Macquarie Capital Markets (10/15/17)
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