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.
TORONTO, ONTARIO–(Marketwire – March 8, 2012) – GMR Global Mineral Resources Corp. (FRANKFURT:GLLN) is pleased to announce that the company has received a Revocation Order from the executive director of the British Columbia Securities Commission (BCSC); revoking the Cease Trade Order that was issued by the BCSC on October 14th, 2011.
The Revocation Order states:
The Revocation Order is signed by the chief mining advisor of the British Columbia Securities Commission. A copy of the document can be viewed on GMR’s website; www.globalmineralresources.com.
Stephen B. Butrenchuk, P. Geol. P. Geo, is the Qualified Person who has reviewed the technical data and approved it for release.
About GMR Global Mineral Resources Corp.
GMR Global Mineral Resources Corp. (GMR) (FRANKFURT:GLLN) is a Canadian-based resource, exploration and development company that primarily redevelops past-producing gold and silver mining properties. GMR focuses on properties that were not fully exploited due to old technology or weak precious metal prices. By implementing modern exploration and extraction methods, GMR’s strategy is to profitably revitalize these mines. GMR is a significant holder of mineral tenures in British Columbia, Canada, most of which are past-producing gold or silver properties. For additional information on the company and its properties, please visit www.globalmineralresources.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain statements above constitute forward-looking statements with respect to GMR Global Mineral Resources Corp. and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
