Today, Analog Gold Inc, a mining investment company, announced the acquisition of the Prospector, a search engine that aims to modernize the mining industry. Prospector’s pioneering technology will figure prominently into Analog Gold’s expansion plans in the commodities sector.
Prospector offers a Service-as-a-Software (SaaS) platform that utilizes artificial intelligence (AI) to provide a user-friendly way to access and analyze information. Prospector draws information from public exchanges and recently announced a collaboration with the leading global mining finance exchange, TMX Datalinx, which operates the Toronto Stock Exchange and represents 48% of publicly traded mining projects globally.
“The addition of Prospector’s platform and highly talented team marks a pivotal moment for our company,” said Analog Gold CEO Jim Culver. “We believe the mining market remains undervalued and the combination of this technology with our portfolio of precious metals projects positions us to grow in new ways.”
The Analog Gold team cited Prospector’s ability to streamline dense information into easy-to-use dashboards as a key feature for users. “Time is the scarcest of all resources and the Prospector platform takes due diligence in mining from months to days and from days to minutes” said Peter Voldness, Analog Gold Executive Vice President of Corporate Finance.
Prospector Founder and CEO, Emily King, will shift to become Analog Gold’s Chief Innovation Officer while continuing to lead day-to-day operations of Prospector. “I am thrilled with the opportunity to work with Analog Gold,” said King. “This is a truly unique opportunity to combine revolutionary technology with more traditional, proven mining practices.”
