Investors want Australian gold producers to buy their U.S. rivals

Section:

By Ranjeetha Pakiam and David Stringer
Bloomberg News
Thursday, August 2, 2018

Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.

Boosted by some of the sector's best margins, low debt, and swelling cash piles, miners in the world's No. 2 producer are defying a wider lull in gold equities. Saracen Mineral Holdings Ltd. and Northern Star Resources Ltd. have surged in the past year as rivals in Canada, the U.S., and South Africa faltered.

... Dispatch continues below ...


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Juggernaut Commences Inaugural Drill Campaign on Its Empire Property

Company Announcement
via Globe Newswire
Tuesday, July 31, 2018

VANCOUVER, British Columbia, Canada -- Juggernaut Exploration Ltd. (JUGR.V) is pleased to report it has commenced diamond drilling and IP programs on its Empire property, 40 kilometers northeast of Terrace, British Columbia.

Program highlights:

-- Inaugural drill program started on Empire at the MaxMin zone.

-- 2018 IP survey at Big One identifies significant chargeability anomaly in the subsurface coincident with the airborne EM anomaly.

-- New Jay-Bear zone discovered on Empire that is situated on regional northwest trending geophysically indicated structure.

Diamond drilling will commence August 7 on Midas. ...

... For the remainder of the announcement:

https://finance.yahoo.com/news/juggernaut-commences-inaugural-drill-camp...



"Australian gold miners currently enjoy some of the highest margins in the world," said Stephen Land, San Mateo, California-based portfolio manager at the $1.1 billion Franklin Gold and Precious Metals Fund. The producers are being supported by cuts to operating costs and stronger prices of bullion in Australian dollar terms. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-08-02/gold-s-outback-outper...

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