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The move expanded Gold Field’s asset portfolio in the Americas, where it already has mines in Chile and Peru, and made it the sole owner of one of Canada’s most promising gold projects – Windfall in Quebec, which it had been developing in a 50/50 joint venture with Osisko.
“Its a world class project in a great jurisdiction with a huge land package…we were looking for a pathway to consolidate 100% of this asset,” CEO Mike Fraser said in an interview with MINING.com. Fraser said that one of the present challenges in the gold sector is that junior developers are not seeing real value of the gold price reflected in their equities.
Since 2011, the southern African country has allowed large scale and mechanical alluvial mining which has resulted in water pollution.The results come just over 18 months after Fission released a feasibility study for Triple R, the highest-grade at shallow depth uranium deposit in the Athabasca basin.The NAK project is fully funded for its 2024 drill program, thanks to Teck Resources' 19.9% ownership stake in American Eagle.A rally which has lifted gold to $2,526.
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