Sign in Subscribe
Mining industry

Equitable Mining Corporation: A Growing Company with Lucrative Mining Projects

Strategic Insights

— 2 min read

Equitable Mining Corporation, a rapidly expanding company focused on acquiring, exploring, developing, and extracting mineral rights worldwide, has taken significant steps to achieve production at its existing mining sites and finalize the acquisition of more properties. The company has announced the completion of a memorandum of understanding with a privately owned Chinese resource corporation to acquire a precious metals mining project in Dalian, China, and has invested $7 million in the project. Equitable Mining Corp. plans to increase production to three lines within the first eight months once the acquisition is complete.

The company has also been acquiring mining properties in North and South America, including the purchase of its Bonanza Property in Ontario, Canada's historically prolific Red Lake Gold Camp. This property consists of 14 claims adjacent to Goldcorp's Red Lake Mine, which produces 550,000+ ounces annually and is one of the richest, most profitable gold mines in the world. Equitable Mining recently assembled an international acquisition team to target high-yield mining projects in mineral-rich areas of North America, Latin America, and Australasia.

Key Takeaways:

  • Equitable Mining Corporation has completed a memorandum of understanding with a Chinese resource corporation to acquire a precious metals mining project in Dalian, China, with an investment of $7 million.
  • The company plans to increase production to three lines within the first eight months once the acquisition is complete.
  • Equitable Mining has been acquiring mining properties in North and South America, including the purchase of its Bonanza Property in Ontario, Canada's Red Lake Gold Camp.
  • The Bonanza Property consists of 14 claims adjacent to Goldcorp's Red Lake Mine, which produces 550,000+ ounces annually.
  • Equitable Mining has assembled an international acquisition team to target high-yield mining projects in mineral-rich areas of North America, Latin America, and Australasia.
  • The company has only recently begun to assemble a team of industry veterans, leveraging its deep industry expertise and extensive contacts to recruit mining industry experts.
  • Equitable Mining's projects include the acquisition of a precious metals mine in China, as well as ongoing acquisition programs in North America, South America, and Australasia.

Statistics:

  • Existing home sales fell by 2.8% in January, the fifth straight month of declines for housing.
  • The number of homes for sale in the market is up by 2.4% or 2.9 million units, the highest in eight years.
  • As of March 2, 2006, Goldcorp Inc. (NYSE: GG) had an uptrend of $26.80.
  • As of February 23, 2006, Crystallex International Corporation (AMEX: KRY) had an uptrend of $3.01.

Sources:

  • Wall Street News Alert
  • Market Wire
  • Comtex SmarTrend(SM) Alert
  • Equity Alliance International LLC
  • Iron Consulting LLC
  • Wall Street Capital Funding LLC (WSCF)

Read more