Complaints - Please scroll to the bottom of the page
« Murray - Where Art Thou? | Main | To Mine, or Not to Mine? - That is the Question! »

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.




PrintView Printer Friendly Version

EmailEmail Article to Friend

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

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>