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. 21, 2011) – Harmony Gold Corp. (TSX VENTURE:H) (the “Company“) announces that it has terminated the option agreement (the “Agreement“) with ECI Exploration and Mining Inc. (“ECI“) pursuant to which it had been granted an option to acquire up to a 70% interest in ECI’s Purisima Project located in the state of Nayarit, in west-central Mexico.
The Company recently acquired an option to earn a 100% undivided interest in the Foubert Lake Property, comprised of 20 claims for a total of 1,010.93 hectares, located in Carheil Township, approximately 230 kilometers northwest of Val d’Or, Quebec and in addition management is actively pursuing other opportunities.
