The Conversation (0)
Terraco Gold Corp. (TSXV:TEN,US:TCEGF) CEO Todd Hilditch says that in 2015, their news catalysts are based on Barrick Gold’s work on Spring Valley, where they will be spending 11 million dollars on development. Terraco Gold has a 3% royalty structure on the Spring Valley Gold project.
Terraco Gold Corp. (TSXV:TEN,US:TCEGF) CEO Todd Hilditch spoke to the Investing News Network at the 2015 Canadian Investor Conference, about its royalty option on the Spring Valley Gold Project in Nevada, a joint venture with Barrick Gold Corporation (TSX:ABX,NYSE:ABX) and Midway Gold Corp. (TSX:MDW,NYSEMKT:MDW). In 2015, catalysts are based on Barrick Gold’s work on Spring Valley, where they will be spending $11 million on development. Terraco Gold has a 3% royalty structure on the Spring Valley Gold project. “We’ve got a long-life cash flow that would come along with it,” adds Mr. Hilditch.
Mr. Hilditch believes that Terraco Gold’s asset portfolio sets them apart from other gold companies. He says, “One of the toughest times in – especially the junior mining market – we’ve done some pretty creative things. In fact, we’ve advanced our company in terms of its asset portfolio by acquiring a royalty project [sic] but as well as bringing in cash on a non-dilutive basis. Our shareholders should be quite pleased with the fact that we haven’t issued stock from our treasury in about 6 years.”