“All types of explanation why it should not exist” – Discovery Group’s John Robins calls it the sweetest deal
“All types of explanation why it should not exist” – Discovery Group’s John Robins calls it the sweetest deal
John Robins and the Discovery Group he based have been behind a sequence of takeovers for younger explorers. It speaks to the Discovery philosophy and the highly effective mixture of rocks, individuals and serenity.
Final month, Kitco correspondent Robins interviewed Paul Harris on the 2022 Valuable Metals Summit in Beaver Creek.
Discovery Group has a secure of corporations equivalent to Fireweed Metals (CVE: FWZ ), Gold Basin Sources (CVE:GXX ) and Kodiak Copper (CVE: KDK ).
Final yr Discovery Group’s Nice Bear Sources was purchased by Kinross for $1.8 billion. An earlier hit was Robin’s Kaminak Gold, which Goldcorp picked up for $520 million. The transaction passed off in 2016.
Robins singled out the Nice Bear transaction as notably gratifying.
“Lots of people thought the geology was mistaken to search out one thing in an space of Canada. [There were] all types of explanation why it should not exist,” Robins stated.
“By means of good geology, we discovered what was basically one of many nice gold mines in Canada.”
Word: The opinions expressed on this article are these of the writer and will not essentially replicate his personal Kitco Metals Inc. The writer has made each effort to make sure the accuracy of the data offered; nevertheless, neither Kitco Metals Inc. nor the writer can assure this accuracy. This text is for informational functions solely. It’s not a request to trade commodities, securities or different monetary devices. Neither Kitco Metals Inc. nor the writer of this text accepts any loss and/or injury ensuing from the usage of this publication.
#sorts #causes #shouldnt #exist #Discovery #Teams #John #Robins #calls #sweetest #deal
