Xtract Resources is the old Xtract Energy that Executive Chairman Colin Bird rescued back in 2013 and set on a new course. The early acquisition of a Chilean gold mine failed to meet expectations but the Manica Gold mining licence in Mozambique looks to be coming good. The company has been benefiting from a growing profit share from the alluvial gold on its licence area in a neat deal where other parties fund the necessary capex.
05 Oct 2020
Compelling combination of strong cash flow generating gold projects and quality blue-sky exploration copper-gold plays
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Compelling combination of strong cash flow generating gold projects and quality blue-sky exploration copper-gold plays
Xtract Resources PLC (XTR:LON) | 1.0 0 0.0% | Mkt Cap: 8.78m
- Published:
05 Oct 2020 -
Author:
Dr. Michael Green -
Pages:
30
Xtract Resources is the old Xtract Energy that Executive Chairman Colin Bird rescued back in 2013 and set on a new course. The early acquisition of a Chilean gold mine failed to meet expectations but the Manica Gold mining licence in Mozambique looks to be coming good. The company has been benefiting from a growing profit share from the alluvial gold on its licence area in a neat deal where other parties fund the necessary capex.