Lka Gold Inc's Comment on Sales, Marketing and Customers
In North America, there are a limited number of ore buyers capable of processing
Golden Wonder ore efficiently. Accordingly, we are highly dependent upon securing
and maintaining good sales terms with a relatively small number of customers,
most of whom are major gold producers. Failure to obtain adequate terms of sale
from these few customers would cause severe disruption to our operations. From
1984-2006 (initial exploration and commercial production) Golden Wonder ore and
concentrates were sold almost exclusively to ASARCO and Barrick Gold Corp. During
LKA’s current exploration program (2009-2015) the majority of sales were
made to one customer, Kinross Gold Corp, with lesser amounts sold to Teck, Yukon-Nevada
Gold, Freeport McMoRan, TCB International and Klondex Mines.
Lka Gold Inc’s Comment on Sales, Marketing and Customers
In North America, there are a limited number of ore buyers capable of processing
Golden Wonder ore efficiently. Accordingly, we are highly dependent upon securing
and maintaining good sales terms with a relatively small number of customers,
most of whom are major gold producers. Failure to obtain adequate terms of sale
from these few customers would cause severe disruption to our operations. From
1984-2006 (initial exploration and commercial production) Golden Wonder ore and
concentrates were sold almost exclusively to ASARCO and Barrick Gold Corp. During
LKA’s current exploration program (2009-2015) the majority of sales were
made to one customer, Kinross Gold Corp, with lesser amounts sold to Teck, Yukon-Nevada
Gold, Freeport McMoRan, TCB International and Klondex Mines.
Sources:
Lka Gold Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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