FULL DISCLOSURE: This is sponsored content for Granada Gold Mine Inc..
J.W. Dumont, President of Granada Gold Mine (TSXV: GGM), joins us to discuss the company’s turnaround and its Granada Gold Project near Rouyn-Noranda, Quebec.
Granada reports 890,600 ounces of measured and indicated resources, plus 865,500 inferred ounces. Dumont discusses the work to address liabilities, rebuild investor confidence, and advance drilling and project studies. These are mineral resources, not reserves, and their economic viability has not been demonstrated.
We also discuss the outlook for gold stocks and M&A. Dumont says junior gold stocks have delivered 10- to 15-fold returns in past M&A cycles, and expects more deals as larger producers look to replenish ounces.
FULL DISCLOSURE: Granada Gold Mine Inc. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Granada Gold Mine Inc.. The author has been compensated to cover Granada Gold Mine Inc. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
