Gold is showing some life after several major mining companies agreed to stop hedging their gold positions. This suggests higher gold prices in the future, although I don't see a runaway market anytime soon. While gold is down today, I think it's starting a gradual new bull market. The company owns and operates a gold producing mine in Mexico, the Moris Mine, and has acquired the mineral concessions for the Tambo Grande Project in Peru.
Manhattan also has several promising gold and silver exploration projects in Peru and elsewhere.
As the mining discovery has progressed over the last two years, so too has its share price. Mining exploration, the discovery of massive mineral deposits, is fundamental to this company's future growth. Manhattan continues to develop its Tambo Grande Project. The Project is located in Piura, which lays inside the District of Tambo Grande. The Tambo Grande comprises ten mining concessions, covering an area of 10,000 hectares.