Midway Gold Corp.
MiningColorado, United States11-50 Employees
Midway Gold Corp. is a gold-focused developer and producer based in Englewood, Colorado, with core assets concentrated in Nevada, a long-standing center for gold mining. The company concentrates on straightforward, scalable projects and plans its first operation as an open-pit heap-leach mine with low upfront capital requirements. Management has extensive experience finding, building, and operating mines in Nevada, and permitting for the initial project is described as well advanced and on schedule for completion in 2013. Midway maintains a portfolio of properties in various development stages totaling more than five million ounces in measured and indicated resources. Barrick Gold is earning into Midway's Spring Valley project, having completed a 60% earn-in and holding an option to reach up to 70% through further development. The company prioritizes projects that are simple, manageable, and financeable.