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Kitco News

Northern Vertex merges with Eclipse Gold Mining

Northern Vertex (NEE.V) has announced a merging with Eclipse Gold Mining Company (EGLD.V).

" Our goal has actually been organic growth however additionally growth through debt consolidation. This merger offers the investors of Eclipse a chance to be component of a producing mine, a mine that has been proactively developed and also has actually transitioned from exploration via the production of the last half a dozen years," stated Ken Berry, CEO of Northern Vertex.

0:00 – Northern Vertex procedures
2:00 – Eclipse Gold Mining merger
7:43 – Financing
8:40 -North Vertex financials
14:22 – Future plans
15:35 – Gold/silver proportion
17:50 – Consolidation in the industry
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Aggressive shareholder returns continue for Polyus

Polyus, the globe's 4th largest gold manufacturer will maintain its hostile shareholder returns as it advancements towards a production decision for its huge 63 million ounce Sukhoi Log project, CEO Pavel Grachev told Kitco Information at the BMO Global Metals and also Mining Meeting.
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