MX Gold Corp Is Today's Mining Focus

MX Gold Corp has become the latest junior miner to capture investor's attention. This comes as the price of gold has rebounded off the lows and investors are betting on a new gold rush. The timing for MX Gold Corp couldn’t be any better as Brexit concerns and global uncertainty have sent investors rushing into gold as a safe haven. Shares trade in Canada under the symbol MXL; in the US under MXLGF; and under 0DV in Germany.Currently some of the smartest investors on Wall Street have been piling into gold. Among the latest big players buying the precious metal include billionaires George Soros, Stanley Druckenmiller, and John Paulsen. The uncertainty over the UK’s decision to leave the EU will linger for quite some time and will keep the Federal Reserve on the sidelines from raising interest rates. This is bearish for the US dollar and a positive for gold prices.While the big players on Wall Street buy gold, smart penny stock investors can buy junior gold miners. Here is where the most money can be made because of their blue sky potential. The big miners like Barrick Gold, Newmont Mining and Goldcorp all started off like MX Gold Corp with small market caps. Today they have market caps of $24B, $20B, and $15B respectively.MX Gold Corp. is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine project development with planned ore shipment from Willa to the Max Mill. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly process improve.Shares of MX Gold got active back in June after Hugh (Bert) McPherson has joined the Company as President and Chief Operating Officer in charge of all operations at the Company’s Max and Willa mining and milling operation located in the Kootenay region of British Columbia. He brings a lot of credibility and experience to the table. As junior mining investors know, there's plenty of mining plays out there, it's finding the right horse to bet on. Management makes all the difference between a junior miner being a success or a failure.Bert McPherson certainly brings a lot to the table. He was most recently the Mine Manager of Goldcorp’s Peñasquito Mine in Mexico having over 1400 employees directly reporting to his office. The Peñasquito mine is Mexico's second largest mine and it's largest gold producer. In 2015, The Peñasquito Mine delivered record gold production of 860,300 ounces and record silver production of 25,926,600 ounces. A total gold equivalent production figure, including by-product metals, was 1,688,600 ounces of gold.

Previously, McPherson held the following positions with the following projects: Vice President & General Manager for Kinross Gold Corporation at the Tasiast mine, in Mauritania; Mine Manager at Barrick Gold Corporation’s Pierina Mine, in Huaraz, Peru; Mine Manager of Barrick Gold’s Alto Chicama project in northern Peru; Chief operating officer for Starcore International Mines, San Martin Mine in Mexico; Mine manager at XStrata Copper’s Alumbrera Mine in northern Argentina; and Project/Mine Manager, Morrison Knudson Venezuela at their Carbones de la Guajira coal mine in Venezuela.

Another factor driving MX Gold is that there are some serious promo dollars at work. According to the email disclaimer from Future Money Trends:

Future Money Trends LLC has been previously compensated one hundred and twenty five thousand for a one week marketing program, paid for by MX Gold Corp. We have also made a direct forty two thousand dollar investment into the company via private placement, our current holdings have a four month hold. FMT has also received one hundred thousand options. We have currently been compensated one hundred and fifty thousand dollars for this update. Through an affiliate company, Gold Standard Media, we have also been previously compensated eighty five thousand dollars for a one week marketing budget.

We're currently watching the CAD$.30 level on the TSX-V. If we break through that resistance, shares are off to the races. Overall, MX Gold looks to be an exciting new story for junior mining investors. Add in global market uncertainty, a climbing gold price, and market players on the hunt for the next Barrick Gold or Newmont Mining, we could easily see MX Gold turn into a runner rather quickly. We will be updating Insider Financial as soon as we know more. For the latest updates on MX Gold Corp, sign up below!

Disclosure: We have no position in MX Gold Corp and have not been compensated for this article.