Like most investors long on gold in 2013, billionaire Paul Singer, made losses in 2013, but his faith in the metal is undiminished and so is his disdain for bitcoin.
We often hear that large gold producers are usually not the best explorers. As such, when it comes time to replenish or grow their resource base, they must look to M&A.
Much of the discourse surrounding First Nations involvement in B.C. resource projects has been focused on the financial benefits for aboriginal communities in exchange for their approval and access to work on traditional territory.
Mining companies that are non-producers obviously don’t generate any revenue. They are junior-level companies in various stages of exploration and/or development. And they primarily rely on investor capital to fund their operations.