The Globe and Mail reports in its Friday, Dec. 8, edition that Desjardins Securities analysts John Sclodnick and Jonathan Egilo expect gold equities to "awaken" in 2024 with the price of the precious metal "surging." The Globe's David Leeder writes that Mr. Sclodnick and Mr. Egilo say gold should make gains in 2024 if the U.S. Federal Reserve lets interest rates fall, as is widely expected. Mr. Sclodnick and Mr. Egilo have named producer Oceanagold one of their top picks for 2024. They give it a "buy" recommendation, with a $3.50 share target. Analysts on average target the shares at $4.03. Mr. Sclodnick and Mr. Egilo say in a note: "Oceanagold is one of our top producer picks, specifically for its internally funded organic, near-term growth, in conjunction with its very attractive FCF yield. Oceanagold's production could reach 600koz [thousand ounces] by 2025 from 475koz in 2023. This is primarily driven by increased production from Haile, specifically driven by the high-grade underground deposit which recently had its first stopes mined. In 2024, we model production of 571koz Au [gold] at AISC [all-in sustaining costs] of $1,376/oz Au. This represents year-over-year production growth of 23 per cent."