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Gold investment event postponed until fall

Goodman Gold Challenge put on hold due to high COVID-19 numbers
Exhibitors and participants gather for the Goodman Gold Challenge in February 2020.

The Goodman Gold Challenge has been postponed for a second year in a row due to rising cases of COVID-19.

Hosted annually by the Goodman School of Mines at Sudbury’s Laurentian University, the event 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 takes home a cash prize equivalent in value to four gold ounces.

This year’s event was slated to take place Jan. 27-29, 2022 after going on hiatus in 2021 due to the pandemic.

However, organizers have since decided to postpone the event as the numbers of COVID cases start rising again.

“With the health and safety of our participants as our top priority, we have decided to postpone GGC 2022 due to high COVID-19 rates in the area,” according to a December social media post for the event.

“Goodman School of Mines (GSM) is currently aiming to set a new date for early October 2022. More details will be provided in the coming months.”

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.