Great Bear raising C$37m for Red Lake gold exploration
Company has entered into an agreement with Cormark and CIBC Capital Markets to act as co-lead underwriters and joint bookrunners for the purchase of 2 million flow-through common shares.
A few highlights from the interview between Andrew Pollard, president of The Mining Recruitment Group, and BNN’s Andy Bell:
“I call it a bit of a jobless recovery across the board but where we have seen the activity is at the senior executive level.”
“It was so dark for so long that just a glimmer of hope really changes everything.”
“The industry is staring down the barrel of a demographic shotgun right now. The senior executives have held on and all the middle people that should have been there to groom them have all been laid off and re-absorbed into other sectors or don’t even want to come back to mining if it gets better. I call it the great mining brain drain.”
“Even good projects can be broken by bad management teams.”