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Author: Admin | 2025-04-28
Is – gold developers with average gold resource / reserve grades above 1.50 gpt are special and are likely takeover targets. Large cap gold producers have recently signalled they are more inclined to take toe-holds in prospective junior companies rather than run large greenfield exploration programs. Many CEOs looking back over the past decade have noted they have spent $100’s of millions on exploration and have little to show for it right now. Of course a 1.5 gpt number is not gospel….as an example, Scotia Mining Sales would love to uncover a 5Moz, 0.8 gpt, open-pittable, low strip, gold oxide heap leach with high recoveries and fast leach kinetics.Who is Special? What Are The Projects/Companies with Reserve Grades Above 1.5 gpt …Best Gold Mine Developers:Lundin Gold – Fruta del NorteMAG Silver – Juanicipio (gold-eq)TMAC Resource – Hope BayPremier Gold – HardrockPretium – BrucejackContinental Gold – BuriticaDalradian – Curraghinalt gold depositSabina Gold & Silver – Back River PropertyNewbie Producers:Torex Gold – ELG & Media LunaGuyana GoldAsanko – Asanko Gold ProjectAnd a few larger cap producers with some sizeable projects:Kinross – TasiastAgnico-Eagle – Amaruq, MeliadineBarrick – GoldrushYamana – Cerro MoroNewmont – Long CanyonB2Gold – FekolaDisclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.This article expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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