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Stock impact report

Old Mines, New Fortunes: Juniors Revive the Majors' Lost Projects [Globe and Mail, The (Toronto, Canada)]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
are breathing new life into projects abandoned by industry giants during commodity downturns. The strategy is simple but powerful. Major mining companies spend millions exploring properties, drill dozens of holes, and compile massive geological databases, then walk away when metal prices collapse or strategic priorities shift. Those databases, sitting dormant for years, often contain blueprints for significant discoveries that juniors can advance at a fraction of the original cost. The Majors' Leftovers Are Getting a Second Look Magma Silver Corp. (TSX-Venture: MGMA) (OTCQB: MAGMF) exemplifies this approach at its Niñobamba Project in Peru. Between 2009 and 2012, Newmont Mining invested $10 million exploring the property, completing 7,881 meters of drilling and compiling databases with over 6,500 samples. When commodity prices softened, Newmont moved on. Historical drilling at Jorimina returned 72.3 meters grading 1.19 g/t gold, while AngloGold and Bear Creek's earlier work de Show less Read more
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