In this interview, co-hosted by Kerry Lutz of the Financial Survival Network and Bill Powers of Mining Stock Education, Auryn Resources’ executive chairman Ivan Bebek explains the transformative merger with Eastmain Resources. This merger was announced on July 29th and will result in a new company Fury Gold Mines. Fury Gold Mines will seek to advance its several gold projects with initial emphasis given to Eastmain’s Eau Claire high-grade gold project. The stated goal is to have Fury Gold develop into a Canada-focused, growth-oriented producer. As part of this transaction, Auryn will spin-out its Peruvian assets into two separate companies. One company will hold the Sombrero copper projects while the other will hold the Curibaya silver and gold projects. Regarding the three companies resulting from this transaction, Ivan shared: “we want to deliver $10-20 share prices per asset [company].”
Ivan also introduced the incoming CEO of Fury Gold Mines, Michael Timmins, a seasoned executive who’s built mines in a number of jurisdictions and spent 11 years with Agnico Eagle. It seems to be a match made in heaven and we’re forward to more exciting developments from our soon to be former sponsor Auryn Resources. (Ticker: AUG)
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