SAN FRANCISCO, CA--(Marketwired - September 23, 2016) - It takes money to make money; mining companies need capital to make acquisitions and conduct exploration. Brien Lundin of Gold Newsletter profiles three companies making the most of recent financings.
Included in this article is: Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX) Rye Patch Gold Corp. (TSX VENTURE: RPM) (OTCQX: RPMGF)
Klondex Mines Ltd. took a giant step toward completing the acquisition of the Hollister and Esmeralda mines in Nevada. It did so by completing a CA$129.5 million subscription receipt offering. The acquisition will allow the company to grow through both production and exploration and to build on the impressive results from its active Fire Creek and Midas mines, which are also in Nevada.
Rye Patch Gold Corp. has officially taken ownership of the Florida Canyon gold mine in Pershing County, Nevada. Rye Patch has pole-vaulted itself into the ranks of potential gold producers with this acquisition.
Continue reading this article: Three Mining Companies Reaping the Rewards of Large Financings
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The Gold Report shares investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
1) The following companies mentioned in the article are sponsors of Streetwise Reports: Klondex Mines Ltd. and Rye Patch Gold Corp. The companies mentioned in this article were not involved in any aspect of article preparation. Streetwise Reports does not accept stock in exchange for its services. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
The full disclosure is provided at the end of the published article: Three Mining Companies Reaping the Rewards of Large Financings
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