Contentions surrounding the value the gold industry brings to the table continue to run rampant. Many have noted a general dip in its performance over the past decade, while others have argued otherwise, citing the increase in gold prices in early 2020 and the corresponding influx of financial investors looking for safe-haven assets as indicators of the industry’s improved position within the financial landscape. Amid the ups and downs of this ever-changing field, merger and acquisition activities remained a focus of interest, and ventures established to identify value-rich projects rose to the fore. Goldrange Resources is one such acquisition-driven company that has secured a coveted spot at the forefront of the M&A space.
High gold prices since 2020 have allowed companies to demonstrate solid performance and generate considerable cash flows in the past two years, even during the outbreak of COVID-19. In light of this development, M&A is expected to play a critical role in pushing the industry forward. The bold moves, therefore, of power players like Goldrange Resources have been in the spotlight.
Goldrange Resources specializes in quickly assembling a portfolio of highly prospective projects. Initially, the company zeroed in on gold projects in Africa but has ultimately expanded its reach.
Under the leadership of an impressive roster of industry authorities and experts, Goldrange Resources has managed to enjoy a unique position as a junior resource company whose long list of achievements speaks of its potential to emerge as a powerhouse one day. It has completed C$5.4 million in financing, as well as secured interest in one brownfield and one advanced project in Cote d’ivoire. Additionally, the Toronto-based venture takes pride in having secured a new gold project in Tanzania in a site containing the largest legacy gold rush in the country’s history.
The heights that Goldrange Resources have reached are thanks not only to the expertise of its board and executive team, which includes the highly successful entrepreneur and Trinity Venture Partners co-founder John Kanakis, Cybin co-founder Eric So, economic geologist and CEO Helen Ruth Pein, and SEG committee member, VP Exploration Lynnette Greyling. Part of the driving forces, as well, of the company’s rise is its technical know-how and the extent to which it is able to identify opportunities and good projects in suitable geological environments.
Moreover, Goldrange Resources boasts a team with substantial experience in unlocking intrinsic value through the utilization of risk mitigation strategies that take projects from conceptualization to development.
Armed with big plans, Goldrange Resources is looking into several potential options and development paths to propel its projects further. On top of early production of oxide material, the private resource venture is also setting its eyes on full-scale mining.
Given the caliber of its founders, executives and team and the track record that Goldrange Resources has proven over the past two years, it would not be a surprise if this acquisition-driven company succeeds in leading the field in the future.
