Long-time newsletter writer Gwen Preston just retired the pen for a career change, but her publication The Maven Letter will live on as Prospector Paydirt under the auspices of industry veteran Jeff Clark.
"Lots of continuity. Lots of opportunity ahead," Preston wrote in her farewell letter. "And Jeff will provide all the expertise and effort needed to guide you as you make the most of the bull markets to come."
The Maven Letter Had Long Run
For 10 years Resource Maven Gwen Preston ran The Maven Letter, a well-regarded, weekly metals and mining stock newsletter based in Vancouver, British Columbia. Through this independent endeavor, she provided subscribers her reviews, commentary, recommendations, buys and sells on hundreds of mining companies and their projects.
Preston began her career in the industry as a mining journalist, after earning a bachelor of science degree from McGill University in Quebec followed by a master of journalism degree from the University of British Columbia. She worked for several years as a writer and editor for The Northern Miner, during which she visited projects and interviewed geologists, management teams and analysts and learned which projects and news were significant and why.
As a primer to resource investing, Preston also spent two years working with Marin Katusa of Casey Research, learning about capital markets and the newsletter business and further expanding her network of contacts.
While Preston loved running her own newsletter business, this year she felt it was time for a personal change and made a move. Now she is vice president of investor relations at West Red Lake Gold Mines Inc. (WRLG:TSXV;WRLGF:OTCQB), a Canadian exploration and development company advancing projects in Ontario.
The Maven Letter Now Is Paydirt Prospector
Not wanting to leave her subscribers hanging, Preston sought out someone to whom she could pass The Maven Letter torch, an experienced, knowledgeable professional with success in picking stocks, in the metals and mining industry. She found this in Jeff Clark of TheGoldAdvisor.com, a globally recognized authority on precious metals.
"Jeff works as hard as I work, he is honest, ethical and reliable, he is very well connected in the junior mining world, he communicates well, and he has a good nose for sniffing out strong new deals," Preston wrote.
Most recently, Clark launched Paydirt Prospector, named after his 2023 book PAYDIRT! Mining for Profits with Gold & Silver Stocks. This subscriber-based newsletter is for the investor wanting to "prospect for paydirt," or dig a little deeper, for a bigger payoff by investing in early-stage mining stocks with explosive price potential. The Maven Letter has been merged with Paydirt Prospector.
Paydirt Prospector followed Clark's return to the newsletter business with the start of TheGoldAdvisor.com in 2022. Then, Covid was still raging, but mining stocks called, and his efforts have paid off. Today the site has more than 10,000 free readers.
Clark's background in metals and mining goes back to his childhood. His dad was a gold prospector, and the family once owned mining claims in Nevada, Arizona and California. Clark became a mining industry analyst, combining his investing skill and love of writing.
He cut his teeth in the newsletter industry in 2007 with Doug Casey's firm, and spent the next 10 years as the editor and lead writer of its monthly gold investment newsletter BIG GOLD.
Peter Krauth/Silver Stock Investor Also Came Over
Silver specialist Peter Krauth, formerly with Preston, recently joined forces with Clark.
Krauth cut his newsletter teeth at Money Map, then moved to The Maven Letter with Gwen in 2020. His current paid newsletter, Silver Stock Investor, focuses on all things silver, from bullion and exchange-traded funds to producers and juniors.
Having worked as a portfolio adviser, Krauth brings to Silver Stock Investor two decades worth of experience in the resource markets, strong finance knowledge and special expertise in precious metals, mining and energy stocks. He holds a master of business administration degree in finance from McGill University.
Over the years he has contributed numerous articles to various content providers, including Streetwise Reports, Kitco.com, Investing.com and the Financial Post. In 2022, he published his book, The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies.
The Three Like a Lot of the Same Companies
When Preston decided to sell her paid newsletter, she re-evaluated all of the stocks it encompassed. While a handful didn't pass muster for inclusion in Paydirt Prospector, many already were or will be covered by Clark.
What is compelling for investors is that Preston, Clark and Krauth like a lot of the same resource companies, and more than 20 of them are found in TheGoldAdvisor.com, Paydirt Prospector or Silver Stock Investor. These select equities (listed alphabetically) include:
- Artemis Gold Inc.
- Aztec Minerals Corp.
- Banyan Gold Corp.
- Cassiar Gold Corp.
- Cosa Resources Corp.
- Denison Mines Corp.
- Emperor Metals Inc.
- EMX Royalty Corp.
- Encore Energy Corp.
- Heliostar Metals Inc.
- Hercules Silver Corp.
- IsoEnergy Ltd.
- NexGen Energy Ltd.
- Revival Gold Inc.
- Scorpio Gold Corp.
- SilverCrest Metals Inc.
- Skyharbour Resources Ltd.
- Strikepoint Gold Inc.
- Troilus Gold Corp.
- Uranium Energy Corp.
- Vizsla Silver Corp.
- Western Exploration Inc.
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