Golden Valley Mines Ltd. (TSX-V: GZZ) (OTCQX: GLVMD) is a listed mining company with a unique business plan operating via related entities (former subsidiaries which are now public) through which it generates mining royalties and free-carried interests (Abitibi Royalties) while carrying out project generation operations in Canada (Val-D’Or Mining Corp.) and Australia (International Prospect Ventures). The conservative structure of the company has allowed Golden Valley Mines to expand its operational breadth despite boasting a low annual burn rate enabling the company to fund its operations with minimal dilution to its overall equity base.
Golden Valley Mines operates through three key publicly listed subsidiaries, namely Abitibi Royalties Inc. (TSX-V: RZZ), which provides the company with a stream of mining royalties and revenue through its stakes in close to 10 different mining royalties, as well as Val-D’Or Mining Corp. (TSX-V: VZZ) and International Prospect Ventures (TSX-V: IZZ) through which Golden Valley Mines has sought to expand its exploration and prospecting footprint throughout Canada and Australia, respectively.
Today, the crown jewel in Golden Valley’s stable remains its stake (44.8% equity ownership) in Abitibi Royalties, an entity which was originally spun out of Golden Valley Mines in 2011. Abitibi possesses a 3% net smelter return (NSR) royalty on the eastern portion of the Canadian Malartic mine, Canada’s largest operating gold mine. Presently owned and operated by Agnico Eagle and Yamana Gold, the Canadian Malartic Mine’s multiple gold deposits are estimated to amount to nearly 10,000,000 ounces of gold reserves (http://nnw.fm/MLvoT) with the operational ability to process in excess of 60,000 tonnes of ore per day.
With gold prices trading at record levels in 2020, Golden Valley Mines presents an increasingly attractive investment proposition for investors seeking to gain exposure to the listed junior gold mining space – not least due to the fact that the company’s market cap is trading at over a 20 percent discount to the net asset value of its subsidiary shareholdings.
For more information on the company, visit www.GoldenValleyMines.com
To watch the full presentation delivered by Chairman and CEO Glenn Mullan at the Canadian Metals & Mining Virtual Investor Conference, visit http://nnw.fm/jWk07
About InvestorBrandNetwork’s Virtual Coverage
The InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company, covers dozens of investor conferences and online events as part of its ongoing service to the investment community. In addition to enabling proficient evaluation of each company via one-click access to market research tools and helpful website links, IBN utilizes social media and syndicated articles to maximize the visibility of each featured presentation.
For more than a decade, IBN has provided real-time coverage for numerous global events and conferences through its various brands, social media accounts and investment newsletters. To further expand visibility of participating companies at these events, and to ensure another successful year for its many event collaborations in 2020, IBN’s syndication partners have extended digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]