Today’s news comes out of Australia and we talk about the three companies worth watching.
Gold Road Resources Ltd just recently raised $39 million for the development for it’s Gruyere project over in the Yamarna Belt. They have a prefeasibility study scheduled to come out in March of 2016 with a definitive feasibility study arriving at the end of that year. If things go well, they could looking for some of our Earthmoving Equipment!
Evolution Mining Ltd just completed it’s third deal in just two months — acquiring Cowal gold mine from Barrick Gold Corp. If the gold price increases and the Australian dollar decreases further, the stock price of Evolution MIning could go up and they may have to start looking for some Earthmoving Equipment as well.
Lastly, Crusader Resources Ltd has found high-grade zones at Querosene through drilling projects. They will possibly connect with a bigger funding partner to capitalize on the opportunity of a mine. They also have a new deal with Vale and plans for a more affordable Borborema project. Looks like Earthmoving Equipment might be on their horizon!
*All information for this story was taken from mining.com.