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Gold mining investment challenge set for February 2020

Challenge will present university students with real-life mining investment scenarios
The Lassonde Mineral Engineering team from the University of Toronto was declared the winning entry at the 2018 Goodman Gold Challenge. (Supplied photo)

This winter, students from across North America will have the chance to compete for the cash equivalent of four ounces of gold at a mining investment competition in Sudbury. 

The fourth annual Goodman Gold Challenge (GGC) will take place Feb. 6-8 at Laurentian University

The GGC is described by organizers as the most unique and realistic mining investment competition in the world. Twelve teams of roughly four individuals will participate in an investment scenario using real companies in their current situations. 

Each participating university team plays the role of a finance firm. The firms are competing for a single, wealthy client's business and their investment committee. 

Executives from three publicly traded gold mining companies will “pitch” their businesses to the students and the students will then have to select one company to invest in. 

Through analysis, each team will have to prove to a panel of judges consisting of professional mining analysts and mining engineers that their investment strategy is the best. 

The winners will take home the grand prize.

Founded four years ago by executive chairman Jonathan Goodman, the GGC is unique because it does not rely on fictitious and paper-based cases.

Participants are working on real-life scenarios and interacting with real companies. 

“This competition is 100 per cent real life,” said Éric Lavergne Giroux, event coordinator of the GGC. “The students have access to any public information that any mining analyst or investor would have access to.” 

Because of this, it is also a great networking opportunity for students. According to Lavergne, last year five students got internships or full-time positions with some of their sponsors. 

Only 12 teams will be allowed to register for the competition, and registration is now open. The majority of the students that take part in the competition have a background in mining engineering, finance, or business.

Participating gold mining companies will be announced six weeks prior to the event. 

Three events during the competition will be open to the public: 

  • Thursday Evening Social on Feb. 6, 2020, from 8 p.m. to 11 p.m., at the Radisson Hotel
  • Final Round of Student Presentations on Feb. 8, 2020, from 1 p.m. to 4 p.m., in Room A226 at Laurentian University 
  • Awards Gala on Feb. 8, 2020, from 6 p.m. to 9 p.m., at the Vale Cavern in Science North 

For more information, visit the Goodman School of Mines website.