Gold’s role as the ultimate store of value remains evident and, “industry consolidation remains a strong theme in both the resource and gold sector. When this happens, supply actually contracts as the acquiring company prioritizes the best projects in the new combined company."
Renewed interest and enthusiasm for gold exploration and mining opportunities in the Yukon is being realized by new interactive technological infrastructure which engages investors, miners and industry experts.
Sphere Resources (CVE:SPH.H) enters into a JV agreement to acquire mining claims at Poker Flats located within the Carlin Mining District in Elko County, Nevada.
Russia has the third most extensive gold resources in the world and was the fifth largest gold producer in 2009. The total numbers of exploration enterprises are also considerably under represented by junior gold companies, compared with activity in other mining jurisdictions.
Although Ecuador is only a marginal producer of precious metals, a number of foreign mining companies, particularly operating in the south east of the country have found some world-class gold, silver and copper deposits.
The Alaska government’s direct support through incentives, information, and technical support provides a valuable asset for gold mining companies active in mineral development and overall investment prospects.
Increased mergers and acquisitions (M&A) activity is expected to be a big driver of gains in junior gold mining shares.
Kinross (TSX:K)(NYSE:KGC) reported the appointment of Ken Thomas in the newly-created role of Senior Vice-President, Projects. The press release is quoted as saying: Kinross is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador and Russia, and employs approximately 5,500 people worldwide. Click here to access the entire [...]
Kinross (TSX:K)(NYSE:KGC) reported today that the company has entered into an agreement with Export Development Canada to have guarantee a Letter of Credit Facility for up to US$125 million. The press release is quoted as saying: Kinross is a Canadian-based gold mining company with mines and projects in the United States, Brazil, Chile, Ecuador and [...]
Teryl Resources (TSX-V:TRC) reported today their latest drilling results at the Gil deposit which they are joint venturing with Kinross Gold (TSX:K). Results include up to 4.38 grams per tonne over 32 metres. John Robertson, the President of Teryl is quoted saying: …several other exploration targets have been identified but not fully tested on the [...]
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