Former Ecuador mining minister says he expects $4bn in mining investments into Ecuador by 2021 - Proactive Investors Stocktube Published on May 10, 2018
Former mining minister of Ecuador Javier Cordova tells Proactive Investors the average amount of money invested into the country from 2008-2014 was around $30 to $40 mln per year, which soared to $600 mln in 2015.
Cordova attributes the shift in investment dollars to the changing conditions of economic and political stability in the country, attracting mining companies like Lundin Gold Inc and Anglo American.
Core Gold CEO says mining company will double production per month by end of year - Proactive Investors Stocktube Published on May 14, 2018
Core Gold Inc (TSXV: CGLD, OTCQX: CGLDF) CEO Keith Piggott tells Proactive Investors the Canadian based mining company is increasing production and expanding exploration at its projects in Ecuador.
ex.... Piggot says the company is currently expanding mill capacity at its Dynasty Goldfield project in Ecuador, which began mining operations in December of 2016. Piggot says right now the mine is producing 2,000 oz/month of gold and by the end of the year will be producing 4,000 of gold per month. Piggot says the company is mining 6 of the 100 veins at the project, and can double production by mining at a day and night shift.
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