Gold miners fund CRE mine?The free cash flow build up and the piles of cash held by mid-tier to first tier gold miners is again building at gargantuan rates.
Yamana reported today and said "Yamana said net free cash flow during the first quarter was $91.1 million, well up from net free cash outflow of $13.6 million in the same period of 2019."
Kirkland Lake is sitting on $530 mil in cash and will have huge amounts more this year. KL has Detour mine and Macassa mine very near to CRE's JSL residence and the Rose deposit. KL has All-in Sustaining Cost of some $750 per oz. and the price of gold is jumping back and forth between $1600 and $1700. KL had forecast producing 1.4 mil oz;but now expects less due to CV-19. Just do round number computations and you see that KL could be an assist on CRE mine funding. That KL is using Battery powered Haul trucks adds to the likelihood that KL might invest in the Rose mine. If all else fails, hope JSL will approach KL.