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Saturday
Dec202014

Karangahake Gold Prospect Looks Shaky

All the kerfuffle about the development of the Karangahake gold propect being promoted by Heritage Mining looks somewhat premature in the light of today's NZH commentary by Brian Gaynor as he digs through some of NZX's non-performers:

"Heritage Mining, 10 per cent owned by the company's Bermuda-based chairman Geoffrey Hill, continues to disappoint even though the gold price has surged.

The company is generating no operating income as it struggles to get its Karangahake gold prospect near Waihi and other prospects off the ground."

Sometimes it is better to just let events take their course.

 

 

 

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Reader Comments (1)

My understanding of Heritage mining is that they are prospectors--not miners--- they find gold then on sell the claim to a mining company- to wit Newmount

December 20, 2014 | Unregistered CommenterNugget

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