As a mining jurisdiction, Colombia went from unloved to hyped to ignored.
Branded for years as unsafe due to kidnappings and dangerous drug cartels, Colombia experienced a brief resurgence in 2011 as gold plays such as Vetas and La Bodega energized mining markets during gold’s heady run to $1,900 US an ounce.
Fast forward a few years, and the security situation in Colombia has measurably improved.
The junior mining market, however, has yet to emerge from a brutal bear market, with exploration plays in “riskier” jurisdictions hit the hardest.
And Cordoba Minerals (TSXV:CDB) is feeling the pain..