Latest / Financial Survival Network
Major Producer Gold Fields Invests C$15 Million in Torq Resources
We were very pleased to get a sponsor update from Torq Resources' CEO/Chair Shawn Wallace and Chief Geologist Michael Henrichsen. A lot of news has been coming out of Chile and Torq. First we covered the recent Chilean constitutional referendum, which was defeated by a large voter margin. CEO Wallace was never too concerned as the media’s perception didn’t reflect Torq’s experience there on the ground. Next we discussed Gold Fields’ (NYSE: GFI) recent C$15 million dollar investment in Torq (at a 23% premium to market) which marks a major milestone. Gold Fields is a major 1+ million ounce…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.