Entrée Resources Ltd is an exploration stage company having the vital portion of copper-gold projects, located in Peru, Australia, Canada, and Mongolia. The company was known as Entrée Gold Inc. before May 2017 and its name change was done to Entrée Resources Ltd. The headquarters of the company is located in Vancouver, Canada and the company’s operations began in the year 1995. The company is a well-funded company owning the Oyu Tolgoi project in Mongolia. The high-quality assets and strong financial position of the company provide the solid foundation and the flexible growth for the higher returns.
The joint venture of the company with Oyu Tolgoi includes the exceedingly prospective land package. The construction of the Hugo North underground block cave with this joint venture is initiated by the company and the production of Lift 1 is expected in the year 2021. The company trades with the symbol ETG on Toronto Stock Exchange and symbol ETI for the NYSE American exchange. The company includes a joint venture interest and has the upgraded benefits of the producer.
The ethics maintained by the Board of Directors makes the bold practices towards the discharge of responsibilities and beholding the shareholder value. The governance helps the ensured results for the common goals and effective strategies for their achievement. It is important for the companies to secure a better future by ensuring accountability and transparency in their procedures. The corporate governance policies are meant to enhance the stat
us of the company. The Code of Business Conduct and Ethics sets the responsibility of the company to the stakeholders. The general ethical principles, interest conflicts and obligation of employees are well handled by the team experts.
The 52-week low and high pricing of EGI stocks are $0.33 – $0.69. The Oyu Tolgoi Investment Agreement has explored new options for the company. This will enable the Canadian mining company for a uniquely carried joint venture with Oyu Tolgoi to exceed its participation in the major mining projects. The company has major stockholders of Sandstorm Gold Ltd (14%), Rio Tinto (10%) and Turquoise Hill (8%) of the shares of the Company.
The penny stocks of Entrée Resources Ltd will groom up in the coming phases with the growing cost of gold and the new policies floated by the company. The president cum CEO of the company Mr. Stephen Scott serves on the board of directors for many mining companies (public and private). There is an upward move expected for the company with the advancing policies. Duane Lo is the CFO handling the administration and finance management of the company and implementing their Chartered Accountancy skills in its application. Entrée Resources holds the royalty interests in Australia and Peru. The team consists of the mining and corporate professionals. The strong financial position, high-quality projects, and world-class operations assure the long-term success for the company.
Oyu Tolgoi has been producing copper and gold for more than 95 years and managing many high-end licensing projects. The company has a positive interest in the new mining procedures and holds better prospects in the future for its growth.