The Goodman Gold Challenge will return from hiatus in January 2022.
Hosted by the Goodman School of Mines at Laurentian University, the Goodman Gold Challenge gives students the chance 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.
The winning team will take home a cash prize equivalent in value to four gold ounces.
The event has been running annually since 2017, but was put on hold in 2021, following the onset of the COVID-19 pandemic.
During the last contest, held in February 2020, students were pitched investment opportunities by Lundin Gold, Marathon Gold, and Maritime Resources.
A team from the University of British Columbia was declared the winner.
The idea behind the contest is to give students real-life experience in applying their academic credentials to help solve real-world problems faced by investors.
It was the brainchild of Jonathan Goodman, president and CEO at Dundee Corp. and president and CEO at Dundee Goodman Merchant Partners; he 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.