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.
Tonight is the season finale of the popular Discovery Channel program Gold Rush, and viewers are set to find out how much gold the Hoffman family dug up this season.
Klondike Gold Corp (KG.TSXV), a fledging junior miner I own stock in and have worked with, will receive 15% of whatever Gold the Hoffman’s produce this year.
Klondike’s a rare junior in that it earns cash flow from a television deal and gets free exposure to millions of viewers.
The company needs all the help it can get to convince investors its not another Klondike Gold Scam. Previous promoters who operated the property vastly over promised and under delivered. Millions of investor dollars were lost to questionable related party transactions, and many exploration dollars never made it into the ground.
Popular exploration analyst Brent Cook is not yet convinced Klondike Gold Corp represents a good opportunity.
Cook and I were walking around the floor at PDAC last Monday with cameraman Carter Smith, making short films with some friends and business associates.
Peter Tallman, President and CEO of Klondike Gold, and Cook linked up to discuss how Klondike has been restructured and what its exploration potential is.
The fast pace, at times awkward meeting captures the experience of junior mining CEO trying to pitch recognizable mining analyst for a coveted endorsement, which he is ultimately unsuccessful in doing.
Exploration industry insiders say Brent Cook uses the word “no” more than anyone in the business. That’s why his newsletter is the most expensive ($140 per month here) and highest valued among high-up mining and investment industry executives.
I think Peter did a good job of keeping up with Brent and will be watching him on tonight’s season finale of Gold Rush.
Recent news: Klondike Gold Approves $800,000 Yukon Exploration Budget for 2015
Please support CEO.ca by sharing this article.
Discuss with die hard junior resource investors at http://chat.ceo.ca
I am biased and financially exposed to Klondike Gold Corp and do not intend this article to be investment advice of any kind. Speak to a licensed investment advisor before making any investment decision, as well as read the risks in Klondike Gold Corp.’s Annual Information Form filed on SEDAR.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects located in the historic Klondike region covering 25,000 hectares of hard rock and 2,000 hectares of placer claims including “McKinnon Creek” leased to Todd Hoffman/Jerusalem Mining LLC and featured on the Discovery Channel show “Gold Rush”.
Disclaimer for Forward-Looking Information
Posted by: Tommy Humphries
This video and article contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.
