RE: Going up nicely28 Mar 2024 12:37
Newmont also had a stake in Burritica, 20%. They sold to the Chinese company; can’t remember its name.
Initial gold estimate 1.6moz grew to 3moz then 5moz then 10moz and geologists say the further they drill the more they find. They are not producing. Mine entrance at valley floor advancing forward and up. They say the resource size is mirrored below the entry level doubling the resources to 20moz minimum
Newmont missed out again they have form on this.
Same with ggp they sidestepped and Newcrest came in. Newmonts game is to buy out Newcrest they are at that level but their exploration techniques are secondary to their success.