TIMMINS – Mining companies are looking to invest in Canada because it is a safe place to be, along with having with some of the best-qualified mining people in the world. And that’s all good news right now for gold mining.
That was part of the message this week from Judy Baker, the president and CEO of Argo Gold. She will be one the speakers at the Investor’s Forum, which is part of the Big Event Canadian Mining Expo on at the McIntyre Community Building this week. Baker spoke briefly Wednesday at the opening ceremonies of the Big Event and encouraged those in the crowd to take an interest in the forum.
“The junior mining companies need your support and your interest,” she said. “Without exploration activities we wouldn’t have mining development.” Argo Gold is an exploration company active in the Red Lake area and the Wawa camp.
Baker, who said she is clearly bullish on gold, said the price of gold (which was hovering at $1,270 Wednesday afternoon) is currently in a good place for investors.
She said gold producers can find good opportunities in Canada because they know their capital investments are being made in safe jurisdictions, in stable political climates. She said the gold market has been excellent for the producing gold companies, especially since February 2016 since the gold price keeps moving up.
Baker said she is encouraged because even though there are peaks and valleys in the gold price, whenever there is a dip, the price during the dips keeps getting higher.
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