U.S. Global Investors [www.usfunds.com]

At the annual BMO Global Metals and Mining Conference in Hollywood, Florida, Frank Holmes spoke with Kitco News’ Daniela Cambone. Frank observed at the conference that investors and mining companies were cautiously bullish on the yellow metal after it crossed above $1,330 per ounce earlier in the month. Mining giant Barrick Gold, which recently merged with another major player Randgold Resources, is in talks to potentially takeover Newmont Mining Corp, which recently joined forces with rival Goldcorp. Frank says this would not be positive for the industry, as it creates too large of a gold miner.

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Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (12/31/2018): Barrick Gold Corp, Newmont Mining Corp, Gran Colombia Gold Corp, Kirkland Lake Gold Ltd, Mene Inc, Ivanhoe Mines Ltd.

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