Two of the three concessions Everton Resources (TSXV: EVR) has in the Dominican Republic are adjacent to the massive Pueblo Viejo open pit gold mine, jointly owned by Barrick Gold (TSX: ABX; NSYE: ABX) (60%) and Goldcorp (TSX: G; NYSE: GG) (40%).
But it was Agnico Eagle Mines (TSX: AEM; NYSE: AEM) decision last week to invest $23 million for a 15% stake in GoldQuest Mining (TSXV: GQC), which is permitting its pre-feasibility stage Romero gold-copper project, that generated more interest than usual in Everton’s holdings in the Dominican Republic.
“We had a lot of people come to our booth at PDAC all of a sudden because of that investment saying, ‘Holy jeez, maybe we should look at this country’,” André Audet, Everton’s founder, president and CEO, says in an interview. “Companies like Agnico don’t do those sorts of things without doing a lot of research – it’s a big investment – and people started coming to us and saying: ‘Okay, tell us what you’ve got in the Dominican Republic.’ It certainly gives confidence in the geology, economics and politics of the country.”
Read the complete story at The Northern Miner.