After we discussed the technical picture and cycle bottom call for Gold from Charles Nenner let's explore the Gold miners supply fundamentals and their new discoveries in the pipeline. The best cure from the low prices ... is low prices. Exploration is put on hold and companies are high-grading now. Where the new supply for the China's appetite will come from?
There are very few promising new discoveries are in the making now. Only the best projects will survive. And they need to find the strong partners to move forward now. David provides very interesting insight into the China's approach for acquiring the best projects, like - potentially, Barrick's Pascua Lama, as we have discussed before. I can only confirm the same trends from our own experience in International Lithium and TNR Gold.
TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.
"Argentina comes to the forefront of mining M&A activity with this report about Barrick's talks with another Chinese miner. Los Azules copper is located in the same province San Juan in Argentina and will benefit from any potential development at Pascua Lama. China is very active in Argentina. Trade and military cooperation agreements were signed and currency swap line is in place now. Recent change to the investment rules will allow more investment into the very lucrative shale oil sector in the country. Next year elections should be changing the investment climate for the better as well continuing this trend. Read more."
We have the major news for Alaska Gold mining industry from our neighbours - Donlin Gold is moving forward! NOVAGOLD and TNR Gold were developing Shotgun Gold project together and in 2010 our company has consolidated the project and now owns 100% of it. NOVAGOLD has received TNR Gold's shares and warrants. Greg Johnson - one of the founders of NOVAGOLD has joined TNR Gold board after our very impressive results from the drilling program in the Fall 2012. Please watch the video to find out his personal statement:
"The mineralization style observed at Shotgun Ridge bears a strong resemblance to the 40 million ounce deposit at the Donlin Gold project operated by Barrick and NovaGold," stated recently appointed director Greg Johnson, "The similar age and host intrusive rocks suggest that, with continued exploration, there is significant potential to locate larger volumes of mineralization in and around Shotgun Ridge."
This development by NOVAGOLD will put Alaska back on the radar screens of Gold investors as the safe mining jurisdiction and stronger Gold prices will drive the next stage of projects development. Please read my legal disclaimer. Read more."