A turnaround year for Core Gold to becoming the largest formal gold producer in Ecuador
Core Gold Inc. (TSX.V: CGLD) is a gold mining company based in Canada with all operations in southern Ecuador. The company has three world-class assets including the Dynasty District copper-gold belt, the Zaruma Mine & Mill, and the Jerusalem project on trend with Fruta del Norte. The company was reorganized under a new board and management in September 2016 and is currently the largest gold producer in Ecuador.
In this interview with Natasha Frakes, Sam Wong, CFO of Core Gold, discusses how the company has had a huge turnaround in production since acquiring the Dynasty District in 2016. The district currently has two producing mining units and a modern 2,000 TPD CIP plant containing world-class exploration upside. The district also has a 43-101 compliant gold resource of two million ounces standing alone, making Core Gold a company worth watching.
Apart from this, the attractiveness of the Dynasty District is attributed to its 60,000-hectare land package, as well as management’s unrelenting commitment to move production along at a fast pace. Sam credits Core Gold’s speediness to the company’s President and CEO, Keith Piggott, for moving his family 10 minutes away from the mine in Ecaudor in order to ensure full oversight of the project. With a strong team on hand, the company is putting its next project, Linderos, into production by looking at specific targets.
Core Gold Inc. (TSXV: CGLD) is an impressive story in Ecuador. Prior to taking over the Dynasty District in September 2016, there were zero ounces of gold produced. One year later, the company is producing roughly 20,000 ounces and is committed to doubling this in fiscal 2018. The management team is excited for what is next to come.