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Queen's U team wins 2023 gold investment contest

Goodman Gold Challenge took place in Sudbury Feb. 2-4
goodman_gold_challenge2023
A team from Queen's University was declared the winner during the 2023 Goodman Gold Challenge in Sudbury.

A foursome from Queen’s University has won the Goodman Gold Challenge: Battery Metal Edition at Laurentian University.

Hosted by Laurentian’s Goodman School of Mines Feb. 2-4, the event drew eight competing university teams from Queen’s University, Laurentian University, Brock University, University of British Columbia, the Colorado School of Mines, Toronto Metropolitan University, University of Manitoba, and Bishop’s University.

Their real-world challenge was to evaluate the investment potential of three gold companies that are currently trading on the TSX or TSX-V and recommend the company with the best investment potential.

This year’s case study companies were Magna Mining, Frontier Lithium and Generation Mining.

As the winning team, the Queen’s students will share in prize money worth the equivalent of four ounces of gold.

Tied for second place were the teams from Bishop’s University, from Sherbrooke, Que., and the Colorado School of Mines, from Golden, Co.

Launched in 2017, the Goodman Gold Challenge was the idea of Jonathan Goodman, president and CEO at Dundee Corp. and president and CEO at Dundee Goodman Merchant Partners. Goodman also serves as executive-in-residence with Laurentian's faculty of management.

In 2013, Goodman's father, Ned Goodman, who founded Dundee Corp., contributed to an endowment fund to support mining-related programs at Laurentian and became the namesake for the university's Goodman School of Mines.