Buying mining services companies with large exposures to gold exploration, development and production is another way to track the strongly performing precious metal as its price breaks and holds above US$3,000/oz. Unsurprisingly, financings for junior and intermediate gold mining companies has started to pick up and is beginning to lead global gold exploration activity higher. Argonaut has identified a number of gold expansion and new projects with proponents seeking to take advantage of a highly attractive gold pricing environment. Few gold miners operate their mines, and most contract out the drill & blast and load & haul activities.
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