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Bullboard - Stock Discussion Forum 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 Discussion

Core Gold > Surf's up in Ecuador
View:
Post by highper on Jul 23, 2018 1:18am

Surf's up in Ecuador

“Over the past year, major foreign miners, including BHPBilliton, CodelcoNewcrest Mining and Anglo American have announced plans to invest in, or develop, projects in the country,” says BMI.

BHP and other heavyweight miners are opening offices or adding exploration licences in Ecuador as they advance a search for copper and gold in the South American country, which sits on the Andean copper belt.

https://www.miningweekly.com/article/ecuador-attracting-mining-interest-political-risks-weigh-on-latin-america-outlook-2018-07-12/rep_id:3650

 
Comment by bailey2 on Jul 23, 2018 7:19am
One only has to look as far as Lundin Gold who just closed a 350 million dollar debt facility and are  spending over 650 million to get Frute de Norte up and running. Great for the economy of Ecuador. Just think Kinross paid 1.2 billion to take out Aurelian, and Lundin stole it for 240 million. Supposed to have an AISC in the mid 600 dollar range. They paid the government of Ecuador an ...more  
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