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Gold Mining Companies Which Could Survive Downturn

  • Broadcast in Entrepreneur



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Edgewater Exploration (EDW.V) is one of the few gold mining companies gaining a lot of investor interest as it recently announced receipt of the Environmental approval by the Spanish Government.  Permitted gold mines in first class mining jurisdictions are still highly sought by institutions and is demonstrated in Edgewater's ability to raise $5 million during a difficult market.  
Edgewater's Corcoesto Gold Project is a million plus ounce resource at the bankable feasibility stage.  It is relatively a high grade open pit mine.  The Corcoesto Gold Deposit is located in a first world jurisdiction and is permitted.  There is plenty of upside exploration but due to the tough financing market, funds are focussed on the Bankable Feasibility Study and advancing this asset toward production.  
Most gold companies out there are early stage operations.  Edgewater stands out with a tangible, permitted asset in a first class mining jurisdiction that is advancing towards Bankable Feasibility.  
Disclosure: Author and Interviewer Owns Shares and Edgewater is a sponsor on my website.