Core Gold's growth strategy is based on optimizing production and testing new high-potential targets
|Javier Reyes, Core Gold Shareholder, speaks on the company's unique operations and exploration upside.|
Core Gold (CVE: CGLD) is a gold mining company based in Canada with all operations in southern Ecuador. The company counts with three world-class assets including the Dynasty District copper-gold belt, the Zaruma Mine & Mill, and the Jerusalem project on trend with Fruta del Norte. The company was reorganized under a new board and management in September 2016 and is currently the largest gold producer in Ecuador.
Natasha Frakes: Hi, I'm Natasha Frakes, and you're watching Market One Minute. Joining us is Javier Reyes from Core Gold. Now you and your bank are the biggest investors in Core Gold, so can you tell us about what you think of the progress that's been made?
Javier Reyes: We're very happy with the progress that the management has accomplished. They've been able to bring the mine back into production after just four months. So, now we're very pleased with the progress, and we're going to be focused on optimizing the production at Dynasty Goldfield.
Natasha Frakes: Tell us more about Dynasty Goldfield and what's so special about it.
Javier Reyes: What is wonderful about Dynasty Goldfield is not just that it's the only and first open pit mining operation in Ecuador, but it's pretty high-grade and low cost. So, I think that's what is amazing about, and it has a lot of exploration upside.
Natasha Frakes: Ecuador has had a bit of a spotty reputation with mining investors, so what's been your experience there?
Javier Reyes: Since we bought back in September 2016, our experience has been a pretty good one. It's been a very pro-mining country and very pro-business, and actually considering our experience in Mexico, it's easier to do mining in Ecuador than in Mexico. And I think that's what makes a mining operation sustainable into the future.
Natasha Frakes: So, what are you looking forward to over the next year with Core Gold?
Javier Reyes: So, we'll be focused on optimizing the production, increasing the plant capacity, and testing our new targets for Dynasty Goldfield sits. So far, we have two million ounces, and we expect to increase Dynasty Goldfield as well as test the new targets, which is Copper Duke and Linderos.
Natasha Frakes: Sounds like there's a lot of exciting things to look forward to. Thank you so much for being here, Javier.
Javier Reyes: Thank you, Natasha.