The Conversation (0)
Idaho Awakens - It’s Time to Take a Look at Nevada’s Neighbor
Oct. 09, 2018 11:15AM PST
Precious Metals InvestingGeorge Salamis, president and CEO of Integra Resources, shares the company’s latest news and explains why Idaho is reemerging as a noteworthy mining jurisdiction.
Nevada receives a lot of attention as a mining hotspot, but Idaho, one of the state’s northern neighbors, is starting to steal some of the spotlight.
Speaking at the recent Denver Gold Forum, George Salamis, president and CEO of Integra Resources (TSXV:ITR), said there are a few reasons the area has begun to receive increasing attention.
One is progress at Midas Gold’s (TSX:MAX) Stibnite project. “[It’s] a massive gold project, they’ve been in the permitting stage for a number of years and it’s a project that has to be built because it’s one of those exceptional orebodies,” said Salamis.
He continued, “they are in the final stages of permitting. I believe that the investing public … have now become believers that that is going to get permitted. You saw Barrick Gold (TSX:ABX,NYSE:ABX) invest $35 million into them — they obviously did a lot of due diligence, so they like what they see. They believe Idaho’s a great place to do business.”
Salamis described Integra’s experience in Idaho so far as “phenomenal,” with drill permits coming quickly and a high level of government support. “We’re seeing a lot more companies come in and start investing in Idaho as well, a lot more junior activity out there in Idaho,” he said.
Listen to the interview above for more from Salamis on Integra, including a run through of the company’s latest results and what it has planned for the future.
Click here to see the full Denver Gold Forum playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
