The new independent mining equities research company, called GFMS World Gold, will be run out of London by Paul Burton, the current editor of World Gold Analyst.

"Burton brings considerable expertise and experience to the GFMS group of companies, and we believe that this collaboration will only serve to reinforce the GFMS brand as the premier provider of genuinely independent and high-quality research to the industry as a whole," said GFMS CE Paul Walker.

Burton said that the JV made sense.

"For some time GFMS and I have felt that there would be a natural business fit in combining our extensive data bases of gold and silver mine supply information and our collective industry expertise into a new research vehicle to take advantage of a perceived need in the market for solid, independently generated equity research," he stated.

GFMS World Gold's first quarterly World Gold Analyst would be published in London shortly, GFMS said in an emailed statement.

Plans for the first country report under the new banner, on gold and silver in Mexico, were close to being finalised, with publication scheduled for the third quarter of this year.

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