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 – Nov. 7, 2011) – As a result of a review by the British Columbia Securities Commission (BCSC), GMR Global Mineral Resources Corp. (“GMR”) (FRANKFURT:GLLN) a Canadian-based resource, exploration and development company trading on the Frankfurt Stock Exchange (trading symbol GLLN), is issuing the following news release to clarify disclosure.
The BCSC has requested clarification in the disclosure of resource estimates and the results of an economic analysis for the Enterprise silver mining property. There has been no 43-101 report written for this property in support of the above disclosure. In response, the company has removed any reference to the Enterprise property from its website as the actual mineral occurrence is located on an adjacent reverted crown grant that was only recently discovered by recent due diligence.
