Letting the Kenville Gold Mine Plan Shine in New Brilliance

Founded in 1846, Laurentian Bank is headquartered in Montreal and is one of the largest and most respected banks in the country, with a market capitalization of approximately $2 billion CAD and 3,600 employees. 

Today, Ximen Mining Corp. released an update on the planned bulk sampling and subsequent production start at its 100% owned Kenville Gold Mine near the city of Nelson in southern British Columbia, Canada. At the end of the press-release, there is, however, a brief announcement that is letting the Kenville Gold Mine plan shine in a new brilliance.

Ximen Mining Corp. has engaged Laurentian Bank Securities Inc., a highly regarded institution in Canada, to act as strategic financial advisors and to assist the company to source capital and evaluate potential merger and acquisition opportunities. Having such an experienced and financially strong advisor at its side is could literally be worth ”gold” for Ximen and its goal to move into production as quickly as possible.

Laurentian Bank Securities (LBS) already have some of the who-is-who of the mining industry under contract, providing first-grade analyst coverage on strictly selected, up-and-coming mining ventures. Currently, LBS has 24 junior and senior mining companies under coverage with an average market capitalization of $605 million CAD, such as Detour Gold Corp. (market cap.: $4.5 billion), Alamos Gold Inc. ($2.9 billion), Wesdome ($1.3 billion), Champion Iron Ltd. ($1.1 billion), New Gold Inc. ($908 million), Fortuna Silver Mines Inc. ($817 million).

Considering that Ximen currently has a market capitalization of $17 million and was able to attract renowned Laurentian Bank Securities as strategic financial advisors, the Ximen management deserves the utmost respect.