Gregg Sedun, Core Gold: Capital from Titan Merger Will Unlock Value | Summary and Q&A

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March 14, 2019
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Investing News
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Gregg Sedun, Core Gold: Capital from Titan Merger Will Unlock Value

TL;DR

Core Gold has announced a merger with Titan Minerals, bringing in much-needed capital and allowing them to explore their projects and pay down debt.

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Questions & Answers

Q: How has the recent climb in the price of gold affected Core Gold?

According to Seaton, the recent price increase has been relatively neutral for the company, with some ups and downs in the short term.

Q: Why did Core Gold choose to merge with Titan Minerals?

Seaton explains that the merger was driven by the opportunity to access capital from Australian investors and take advantage of the growing interest in Ecuador as a mining jurisdiction.

Q: What will the merger mean for Core Gold's shareholders?

Seaton states that the merger brings much-needed capital, allowing the company to pay down debt and explore their projects, ultimately unlocking value for shareholders.

Q: Are there any other upcoming projects for Core Gold beyond the merger?

Seaton mentions that the company will focus on their existing projects in Ecuador and Peru, and they do not plan to pursue any new projects in the near future.

Summary & Key Takeaways

  • Core Gold's director, Greg Seaton, discusses the current state of the gold market in North America, which has been challenging.

  • The merger with Titan Minerals provides Core Gold with capital from the strong gold market in Australia and the increasing interest in Ecuador.

  • With the merger, Core Gold plans to pay down debt, explore their projects, and drill in four new projects.

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