Midway Gold Corp. is an emerging gold producer on track to bring its first million-ounce project to production in 2014. The company’s core assets are focused in Nevada, a prolific gold producer and a stable mining jurisdiction. Midway’s management team has extensive experience finding, building, and operating mines in Nevada. Midway’s first mine will be a simple, open pit/heap leach project with low capital costs and robust economics. Permitting is well advanced and on schedule for completion in 2013. A large portion of the needed financing is already in place.
Midway has a portfolio of properties in various stages of development cumulatively totalling over 5 million ounces in M&I resource. Barrick Gold is earning into Midway’s multi-million ounce Spring Valley project. They completed their earn-in to a 60% interest in April 2013 and have exercised their option to earn up to 70% through further development of the gold deposit.
Midway focuses on Projects that are simple, manageable and financeable.