by John Seelmeyer

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August 19, 2013
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Gold-exploration outfits ready for a long downturn

Gold-exploration companies in Northern Nevada are buttoning up for what they expect to be a long, cold period — one of the coldest that they’ve seen in recent memory. Exploration companies — the folks who scout prospects and raise investor money to undertake drilling and collect data in hopes of selling a promising project to a big gold-producing company — are cutting back their land holdings, trimming their staffs and hoarding their cash. Many of those companies are either headquartered in the Reno area or have their operational bases in northern Nevada while they maintain their corporate headquarters closer to …

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The Record Courier Updated Sep 2, 2013 12:17PM Published Aug 20, 2013 06:54PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.