Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 17, 2011) – Cortez Gold Corp. (TSX VENTURE:CUT) (“Cortez” or the “Company”) announces that it has accepted a letter of intent (“LOI”) from Banco Base, S.A. Institución de Banca Múltiple (“BASE”) for an operating Line of Credit in the amount of US$2.5 million (the “Credit Facility”) for the mineral processing business being acquired by Cortez known as “Altiplano Goldsilver” (see press release dated February 17, 2011).
