Saturday, 2 May 2015

Why the Rush into Canadian Gold Mines May Continue - Sprott's Todoruk

The weak Canadian dollar is making Canada's relatively safe jurisdiction more appealing for acquisitions. The same argument might be put for Australian deposits yet the majors have made a number of divestments, is their need to strengthen balance sheets forcing sales?
Todoruk's short list of appealing Canadians includes
a short list of well-followed companies would include Detour Gold for its Detour Lake mine, Pretivm Resources for its large, high-grade Valley of the Kings deposit, Rubicon Minerals for its very near-production Phoenix gold mine, Richmont Mines with its Island Gold mine, Lakeshore Gold with its producing gold mines in the Timmins mining camp, Kirkland Lake with its producing mine in eastern Canada, and Kaminak Gold which owns the Coffee gold deposit in the Yukon.

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