Once again, a junior mining company from Canada has arrived in town with an eye to reopen the Idaho-Maryland Mine. So far, Rise Gold Corp. has not made a good impression.
If you’re new to the area, or your memory fades on the subject, here’s a quick refresher:
Every 5 or 10 years, gold mine investors get excited about the idea of re-opening an abandoned mine. These investment companies are often from out of state. In particular, “junior” mining companies from Canada operate in California because they enjoy funding loopholes that encourage speculation. The last such company, Emgold, threw in the towel after it was unable to complete the permitting process in 2012.
Read the full "Other Voices" column in The Union here.