Thursday, September 01, 2016 8:47:06 PM
MX Gold (MXL.V or MXLGF) has recently gotten a lot of interest after they announced the appointment of 37 year veteran mine builder Bert McPherson who came from GoldCorp (GG). They have been able to close on a few financings strengthening the financial situation since Bert has taken the helm.
Bert managed the Penasquito Mine in Mexico with over 1400 workers reporting directly to his office. It is the second largest mine and the largest gold producer in Mexico and has been a great mine for Goldcorp. Before Goldcorp, Bert built mines for Kinross, Barrick and Xstrata.
Now Bert wants to build a profitable operation for MX Gold in the Kootenays in British Columbia. They own a gold asset and a permitted mill that appear to show excellent economics. A lot has been put into these operations by prior companies as there is approximately $100 million invested with large tax loss pools. Attracting a senior level mine builder like Bert McPherson is a huge step in the right direction and now the company should move much more efficiently and effective into production. He has the track record to organize these operations. I would not be surprised if some mid tier producers look to acquire this company once these projects come together.
CLICK ON THE LINK BELOW TO SEE THE INTERVIEW
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM