More dollars available for mining exploration, but cannabis stocks luring away many investors
Pat Dubreuil is working late nights this week in Toronto. The president of Sudbury-based Manitou Gold is courting investors who might want to inject cash into two potential gold mines in the north.
And at the annual conference of the Prospectors and Developers Association of Canada, that usually means late night conversations over drinks. “Quite a few relationships and deals are built over a good craft beer. That’s the nature of the business,” says Dubreuil.
“You can do the math real quick on the back of a napkin and understand what’s going on and what the plan is.” On top of touting the drilling results from Manitou Gold’s properties near Dubreuilville and Dryden, Dubreuil is also talking of his company’s partnership with artificial intelligence exploration pioneer GoldSpot.
The northern Ontario mining business has been in a prolonged slump, but Dubreuil says the feeling at this year’s conference is that a rebound is right around the corner.
“I think there’s a general feeling that we’re turning and a new bull market is coming around,” he says.
For the rest of this article: https://www.cbc.ca/news/canada/sudbury/prospectors-developers-conference-mining-exploration-investment-1.5041466