International Gold Resources Inc.
About the Company
International Gold Resources Inc. (IGR) is a Canadian mining and exploration company focused on the acquisition, development, and production of gold properties. The company’s main asset is the Rattlesnake Hills Gold Mine located in Wyoming, USA.
Rattlesnake Hills Gold Mine
The Rattlesnake Hills Gold Mine is an open-pit mining operation that has been in production since 2015. The mine is located in the prolific Black Hills gold belt and has a mineral resource estimate of 1.9 million ounces of gold. IGR plans to ramp up production at Rattlesnake Hills to approximately 100,000 ounces of gold per year.
Exploration Projects
In addition to its mining operations, IGR also has a portfolio of exploration properties in the United States and Canada. The company’s key exploration projects include:
* Republic Project (Washington, USA): A large-scale gold exploration project with potential for porphyry and intrusion-related gold deposits.
* Golden Eagle Project (Yukon, Canada): A gold-copper exploration project located in the Yukon-Tanana Terrane.
Management Team
IGR is led by an experienced management team with a proven track record in the mining industry. The company’s CEO is David Forest, who has over 30 years of experience in mineral exploration and development.
Financial Highlights
As of December 31, 2022, IGR had:
* Cash and cash equivalents: $55.1 million
* Revenue: $47.6 million
* Net income: $10.6 million
Investment Opportunity
IGR offers investors the opportunity to participate in the growth of a gold mining and exploration company with a strong asset portfolio and a proven management team. The company’s focus on the Rattlesnake Hills Gold Mine and its exploration projects positions IGR for potential long-term value creation.
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