District Metals (DMX.V): “Believes Sweden is home to more company-making deposits over and above its long history of mining”
District Metals CEO Garrett Ainsworth shares his experience working in the Nordic nation and spells out why savvy investors should be looking closer at opportunities in the regionThe Bergslagen mining district of south-central Sweden is home to exceptionally large and high grade polymetallic deposits (pictured: District’s Tomtebo project)
Sweden typically flies under the radar of most North American investors, despite impressive mining credentials that date back to the tenth century. The country is Europe’s leading mining nation, accounting for 91% of the continent’s iron ore, 9% of the copper, and 24-39% of its lead, zinc, silver, and gold.
Sweden’s Boliden, which owns Garpenberg, is its largest mining company, but the country is also home to projects being explored by Lundin Mining and Agnico Eagle Mines. That said, international investment in exploration is still extremely limited – deterred by the notion of high taxes, an active environmental movement, and elevated labour costs.
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