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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Bullboard Posts
Comment by shiftmanon Apr 02, 2013 9:18am
197 Views
Post# 21197161

RE: Jerusalem property neighbour .

RE: Jerusalem property neighbour .

EGX

web site they state Kinross will commit 1.1 billion to develop Fruta del Norte. Kiross has changed there position they want out of the agreement signed that gave the Ecuador government

52% of the mine

22% income tax

15 % profit sharing for employees, (indigeous people )

5 - 8 % royalty

12% value added tax

Kinross wants too reneg this contact and before signing any new contract they want an investment protection agreement signed

The indegiuous people say they will stop Kinross from mining.

Kinross small print they state they may write the project off and leave the country if a new contract is not neg.

2012 MDA they state some progress in neg, and they are upgrading the mine road.

If they are able to neg profitable mining agreement a can see the share price of all companies in Ecuador rising.

They may have an extension if the contract is not signed by August 1 2013

What happens if correa plays hard ball ?

th

 

 

 

 

Bullboard Posts