Feb 27, 2018 Guest(s): Michael Allen President, CEO & Director, Northern Empire
A junior miner has to have solid management and a viable project with lots of potential to attract much needed investors capital, according to one junior miner CEO.While other companies are struggling to find capital, Northern Empire, has been able to fund its continued operations as it develops its Nevada-based project, with planned expansions in 2018. "We've got four deposits, collectively, they are 709 thousand ounces," Michael Allen, CEO of Northern Empire, told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "This year, we're going to be focusing on what we call the Crown Series of deposits.""[The biggest challenge] to the junior industry, in general, I think is access to capital, and that's where Northern Empire is somewhat different than your average junior," Allen said. On gold prices, Allen is more neutral in his sentiment. "Part of what we liked about the Sterling asset is that the grade of it is that we really aren't dependent on a gold bull market to make it work," he said.