Access To Capital Remains Top Challenge For Juniors - Northern Empire CEO

A junior miner has to have solid management and a viable project with lots of potential to attract much needed investors capital, according to one junior miner CEO.While other companies are struggling to find capital, Northern Empire, has been able to fund its continued operations as it develops its Nevada-based project, with planned expansions in 2018. “We’ve got four deposits, collectively, they are 709 thousand ounces,” Michael Allen, CEO of Northern Empire, told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. “This year, we’re going to be focusing on what we call the Crown Series of deposits.”“[The biggest challenge] to the junior industry, in general, I think is access to capital, and that’s where Northern Empire is somewhat different than your average junior,” Allen said. On gold prices, Allen is more neutral in his sentiment. “Part of what we liked about the Sterling asset is that the grade of it is that we really aren’t dependent on a gold bull market to make it work,” he said. (show less)

A junior miner has to have solid management and a viable project with lots of potential to attract much needed investors capital, according to one junior miner CEO.While other companies are struggling to find capital, Northern Empire, has been able to fund its continued operations as it develops its Nevada-based project, with planned expansions in 2018. “We’ve got four deposits, collectively, they are 709 thousand ounces,” Michael Allen, CEO of Northern Empire, told ... (read more)

BMO Conference 2018

BMO Conference 2018
From February 25 to February 28, Kitco News will be bringing you exclusive interviews with analysts, experts, and of course, executives of major gold and silver mining companies. Over the years, BMO Capital Markets have consistently attracted prominent investors, analysts and executives by providing valuable forums to explore strategies, trends and opportunities.

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