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While ounces produced may be down in 2020, the margins for gold miners may be better. A number of precious metal producers are reducing production due to government restrictions in response to concerns around the pandemic. “[The seniors] may produce less ounces, but I think the potential for them to generate more margin on each ounce is pretty good,” said Mazumdar.
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Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.