The worldwide gold-mining business is witnessing a strategic pivot towards North America, prioritizing tasks within the US and Canada over historically resource-rich however politically risky jurisdictions, in keeping with Koby Kushner, incoming CEO of Athena Gold (CSE:ATHA,OTCQB:AHNR).
In an interview with the Investing Information Community, Kushner highlighted key components driving this pattern and the way Athena Gold is positioning itself to capitalize on the shift.
“Geopolitical tensions are actually one in every of them. Some jurisdictions are perceived as extra dangerous than others, with locations like Canada and Nevada perceived as much less dangerous,” Kushner defined.
“What we noticed occur to Barrick Gold (TSX:ABX,NYSE:ABX) in Mali is a good instance of corporations eager to get to safer mining jurisdictions. We additionally noticed, within the final couple years, Kinross Gold (TSX:Okay,NYSE:KGC) exit Russia utterly.”
Past political stability, Kushner famous that North America’s wealthy geology continues to yield important gold discoveries, citing the Nice Bear discovery in Ontario’s Crimson Lake district, and AngloGold Ashanti’s (NYSE:AU,JSE:ANG) Silicon discovery in Nevada’s Walker Lane district.
Athena Gold is actively advancing its tasks in these rising hotspots. The corporate’s Laird Lake mission, situated within the prolific Crimson Lake district, sits close to a number of main gold producers, together with Kinross and Evolution Mining (ASX:EVN,OTC Pink:CAHPF).
“It’s all the time good when your next-door neighbors are investing closely into their tasks,” Kushner mentioned. “Plainly each few years this camp is blessed with a brand new billion-dollar discovery.”
Equally, in Nevada, Athena’s Excelsior Springs mission advantages from its proximity to Kinross and AngloGold’s developments.
“Kinross may be very lively within the Walker Lane district, they’re our nearest neighbor there. And simply additional south is Anglo’s Silicon mission. AngloGold is investing closely within the Walker Lane pattern,” Kushner defined.
“Final 12 months, they put greater than 40 p.c of their international exploration spend into (their) mission. And it is a jurisdiction, a rustic the place they don’t at the moment produce a single ounce of gold. So what does that inform you?”
Watch the total interview with Athena Gold’s incoming CEO Koby Kushner above.
Disclaimer: This interview is sponsored by Athena Gold (CSE:ATHA,OTCQB:AHNR). This interview gives data which was sourced by the Investing Information Community (INN) and accredited by Athena Gold as a way to assist buyers be taught extra in regards to the firm. Athena Gold is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
INN doesn’t present funding recommendation and the knowledge on this profile shouldn’t be thought-about a suggestion to purchase or promote any safety. INN doesn’t endorse or suggest the enterprise, merchandise, companies or securities of any firm profiled.
The knowledge contained right here is for data functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all data publicly accessible in regards to the firm. Prior to creating any funding resolution, it is suggested that readers seek the advice of straight with Athena Goldand search recommendation from a professional funding advisor.
This interview might include forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work applications, receipt of property titles, and many others. Ahead-looking statements handle future occasions and circumstances and due to this fact contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at the moment anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in corporations comes with uncertainties as market values can fluctuate.
