M&A Activity: Gold Mining In The Philippines
By Katchum:Investors have been losing interest in gold mining stocks over the last year. I pointed out in my previous article that gold mining stocks are now a bargain at these levels. In this article I will shed light on investment opportunities in the Philippines.The reason why I chose this country is because I like its fundamentals. The Philippines is one of the most mineralized countries in the world and ranks first in proven mineral resources in South-East Asia (Figure 1). It ranks in the top 5 in gold, nickel, copper and chromite reserves. Its two greatest gold and copper deposits are Tampakan - Indophil Resources (IPLRF.PK) - and King-King - St. Augustine Gold & Copper Ltd. (RTLGF.PK). The production growth in the Philippines is enormous. The country is now 2nd in global mining production just after Russia.
Figure 1: Mining Exploration Activity in the Philippines
Since 2008 gross productionComplete Story »