Gold price tops $2,500 on outlook for lower rates
Spot bullion climbed as much as 1.8% on Friday, exceeding the previous record set last month.
Aurania Resources (TSXV: ARU; US-OTC: AUIF), led by a key member of the Aurelian Resources team that discovered the rich Fruta del Norte gold mine in Ecuador, is turning away from South America and toward Europe.
Aurania has faced setbacks with its Lost Cities–Cutucú gold project in the Andean country, including government moratoriums and illegal mining activities, says founder, president and CEO Keith Barron, who shared The Northern Miner’s Mining Person of the Year award in 2008 for the Fruta del Norte find.
“I intend to make a lot of money for the shareholders,” he said last month during the Rule Symposium in Boca Raton, Florida. “You’re not just betting on the horse, you’re betting on the jockey.”
Barron is exploring new European opportunities, driven by archival research that uncovered promising leads. While he says, it’s too early yet to reveal specifics, he plans to leverage the current high gold and copper prices that have made previously uneconomic deposits more attractive.
Watch the full interview with The Northern Miner’s western editor, Henry Lazenby.
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