NEW YORK, September 6, 2016 /PRNewswire/ --
Federal Reserve Chair Janet
Yellen gave an important speech recently, claiming that the
case for an interest rate increase had grown stronger. This is due
to strong jobs reports in recent month and higher consumption rates
within the United States. Yet,
even though the state of the economy was approached with optimism
by the FOMC, soon after new reports have shown that uncertainty
still weighs on the market and the Dollar. Market Vectors Junior
Gold Miners ETF (NYSEARCA: GDXJ), IAMGOLD Corp.
(IMG.TO), Bravura Ventures Corp (BVQ.V), B2Gold Corp.
(BTO.TO), K92 Mining Inc (KNT.V), IAMGOLD Corp
(IMG.TO)
Economic data showed that U.S manufacturing has fallen According
to the National Bureau of Labor Statistics. Alongside those
figures, the U.S. economy added 151,000 jobs in August, falling
short of analyst estimates for 180,000. These unexpected
developments pushed the dollar down and provided incentive for gold
prices to rebound. Market Vectors Junior Gold Miners ETF
(NYSEARCA: GDXJ) surged by more than 10%, the Junior Gold Miners
ETF increased in value by about 140% year to date.
Bravura Ventures Corp (TSX-V: BVQ) announced that the
company entered into an option agreement dated September 2, 2016 (the "Agreement") with Soleil
Gold Corp. ("Soleil") to acquire an undivided 100% interest in and
to certain mineral properties, together with the surface rights,
mineral rights, personal property and permits associated therewith
(collectively, the "Musgrove Creek Property" or the "Property"),
located in Lemhi County,
Idaho.
Bravura Ventures Corp stated that, Musgrove Creek is an advanced gold exploration
project located in Lemhi County,
Idaho. Musgrove Creek
contains a NI 43-101 Inferred Mineral Resource estimate of 8
million tonnes at 1.22 g/t Au (0.036 oz/ton) at a gold cut-off of
0.8 g/t (0.023 oz/ton). This is equivalent to 9,761 kg (313,822 oz)
of gold
at zero dilution (Gruenwald and Makepeace, 2004).
B2Gold Corp. (TSX: BTO) gold producer with approximately
four operating mines and one mine under construction. The Company
has a portfolio of other evaluation and exploration projects in
various countries, including Mali,
Colombia, Burkina Faso, Finland, Chile and Nicaragua. Shares of the company, similarly to
the Junior Gold Miners ETF slightly declined during August, yet
picked up again about 9% after the manufacturing data was
published.
K92 Mining Inc. (TSX-V: KNT) and IAMGOLD
Corp (TSX: IMG) are booth exploration-stage company. K92 Mining
is engaged in the business of exploration, development and
exploitation of mineral resources in Canada. The Company's segment operates through
the mineral property explorations in Canada. IAMGOLD has interests in various
operations and exploration properties, as well as various royalty
interests on mineral resource properties. All gold produced by
IAMGOLD is in the form of dore bars, which is sold to gold
refineries in North America and
Europe. Shares of both companies
jumped about 150% year to date.
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