Nevada From TD website
Nevada Remains One of the Best Mining Jurisdictions on Earth and Producers and Explorers are Thriving
PR Newswire: -- Precious metals prices have been sent skyrocketing in the wake of the global economic shutdown. As a result, there has been a renewed focus on the epicentre of gold and silver mining in the United States - Nevada.
Since breaking $2,000 per ounce for the first time in late August, gold has hovered above $1,900 per ounce. Silver has stayed above $800 per ounce since early August. For companies with assets in the Silver State, companies like Kinross Gold (NYSE: KGC) (TSX: K), Argonaut Gold Inc. (TSX: AR) (OTCPK: ARNGF), Hecla Mining (NYSE: HL), Coeur Mining (NYSE: CDE), and Blackrock Gold Corp (TSXV: BRC) (OTCQB: BKRRF), these market conditions could not be better.
Canadian gold company Argonaut Gold Inc. (TSX:AR) (OTCPK:ARNGF) also gained a slice of gold-endowed Nevada this year when it acquired Alio Gold Inc and its Florida Canyon mine, which has an inferred resource of 276,000 ounces of gold and 1.66 million ounces in the indicated resource estimate.
On July 3, the company announced the results of an updated life of mine (LOM) plan for Florida Canyon which includes average annual production of 77,000 ounces of gold at all-in sustaining costs under $1,050 per ounce over 9.5 years.
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