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« Record Low Baltic Dry Casualties Emerge: Third Dry-Bulk Shipper Files For Bankruptcy In Past 3 Weeks | Main | Gold-prices.biz Stock Trader Update 12 March 2015 »
Thursday
Mar122015

This Area is the ‘Future of the Mining Industry… I’m not Interested in Anywhere Else’ – André Gaumond, Virginia Mines

"Saint Lawrence River in winter". Licensed under CC BY-SA 3.0 via Wikimedia Commons.

André Gaumond has led the discoveries of six gold deposits in his career.

His flagship discovery, Eléonore, earned his company around C$420 million when they sold it to Goldcorp Inc1. He retained a royalty interest, which earned Virginia a buyout from Osisko Royalties for around C$520 million2.

They turned C$18 million spent on exploration into a discovery that earned them around C$1 billion.

André’s repeat successes don’t come just from being lucky. He’s been exploring the same region in Northern Quebec for his entire career, making him the leader for exploration and development in that region.

André’s company, Virginia Mines, has announced a merger with Osisko Royalties Ltd. this year.

Now he’s planning to get his hands dirty once again and aims to put another significant discovery to his name.

Read more....

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