Pure Gold Mining Inc. shares traded 30% higher after the company reported that during August 2022, it produced 4,595 ounces of gold at its Red Lake Greenstone Belt property. The firm additionally reaffirmed its Q3/22 estimates calling for production of 8,700-12,300 ounces of gold.
The discovery of a gold vein can dramatically change the outlook for a gold project. So when an un-drilled gold vein is discovered outcropping at surface at a gold project with a defined resource, it certainly warrants further investigation.
Japan Gold Corp. shares traded 18% higher after the company reported its development partner and industry major Barrick Gold Corp. has chosen six of its gold projects in Japan to be moved forward to the second evaluation phase for advancement.
Historically, dividends make up about 50% of stock market returns, so they are important. Not often can you find a solid, growing gold company with stellar management that is also offering over a 5% dividend yield. Expert Ron Struthers reviews the latest updates in gold stocks as well as GCM Mining Corp.
Shares of Snowline Gold Corp. traded to a new 52-week intraday high after the company posted initial assay results from its Rogue Project's Valley Zone. Starting from just below bedrock, the firm reported that it intersected 2.3 g/t gold over 282.9 meters.