Yukon Contenders STILL IN THE GAME
Ian Bickis writes for The Northern Miner: The Yukon gold exploration season is looking a little more restrained this year, but still full of potential.
The territory’s second gold rush is clearly maturing: new entrants and newly staked claims are dwindling, sample pro¬grams are transitioning to drill programs, companies are bowing out, and the first major resource estimates from the boom are on the horizon.
Excitement for 2012, however, has been tempered by the Yukon explorers’ depressed stock prices, hit especially hard in last September’s market drop because of the speculation that had inflated their prices. Any recovery has been hampered because the slump came near the end of the Yukon exploration season when news flow typically tapers off.
Prominent explorers were hit as hard as anyone in September, with share prices plunging by as much as 50% that month and then continuing to drift lower. But with significant cash reserves or enough market faith to raise money, the better known compa¬nies have set out sizable exploration programs for the year. – To continue reading follow the link below to a PDF.
Source: The Northern Miner via Precipitate Gold
Courtesy of Precipitate Gold (TSX:PRG.V).