NEW YORK, October 25, 2016 /PRNewswire/ --
Despite the falling gold prices due to strong economic data and
dollar, the need for the safe heaven commodities are expected to
return. Templeton Emerging Markets Group explained why they think
gold is set to advance by as much as 15 percent over the course of
next year, indicating the Federal Reserve's slow strategy on
increasing interest rates and the strong dollar is not guaranteed
to stay at the same stable levels. Bravura Ventures Corp (OTC:
BRVVF), IAMGOLD Corp (NYSE: IAG), Golden Star Resources Ltd. (NYSE:
GSS), McEwen Mining Inc. (NYSE: MUX), Harmony Gold Mining Co.
(NYSE: HMY)
Executive Chairman of Templeton Emerging Markets Group Mark
Mobius said in an interview that, "The Fed is going to increase the
rates by a little bit but not excessively and there is no guarantee
that a rise in interest rates will put people off… A lot will
depend on the real rates." The Fed's decision will affect the
strength of the dollar. "The U.S. dollar is not that strong and may
even decline," said Mobius, "So if that happens, gold gets more
expensive."
Bravura Ventures Corp. (OTC: BRVVF) is a resources
company with a primary focus on advanced stage gold projects in
North America. The company holds
an option agreement to acquire 100% interest in the Musgrove Creek
gold property that consists of nine claims covering an area of
168.8 acres located in Lemhi County,
Idaho.
On October 24th the
Bravura Ventures Corp announced that it has entered into another
option agreement with Golden Predator Mining Corp. to acquire up to
a 90% interest in and to certain mineral properties, together with
the surface rights, mineral rights, personal property and permits.
The mineral property is located in the Watson Lake Mining District
in southeast Yukon.
CEO of Bravura Ventures Corp., Greg
Burns, said in a statement, "The company is very excited in
its latest option & welcomes the opportunity to align itself
with a progressive company such as Golden Predator. We look forward
to defining the next steps on this exceptional project."
IAMGOLD Corp (NYSE: IAG) is an exploration, development
and production of mineral resource company. All the gold produced
by the company is in the form of dore bars, which is sold to gold
refineries in North America and
Europe. IAMGOLD operates in four
gold mines on three continents. Earlier In August the company
announced that it has signed an agreement with the Government of
Suriname, and will acquire an interest in the Saramacca property
with the intent of defining a 43-101 compliant mineral resource
within the next 24 months.
Golden Star Resources Ltd. (NYSE: GSS) is a gold mining
and exploration company. The Company holds interest in the Wassa
and Bogoso/Prestea gold mines in Ghana. Golden
Star is pursuing brownfield development projects at its
Wassa and Prestea mines. In South America Golden Star holds and
manages exploration properties in Brazil. Earlier this year
the company announced that their mineral reserves and mineral
resources increased by over 10% to 2.1 million ounces.
McEwen Mining Inc (NYSE: MUX) is an exploration and
production company, which focuses on precious and base metals in
Argentina, Mexico, and the
United States. The company's expertise are in primarily in
gold, silver, and copper. McEwen's principal assets consist of a
49% interest in the San José Mine in Santa Cruz, Argentina; the El
Gallo 1 mine and El Gallo 2
project in Sinaloa, Mexico; the
Gold Bar project in Nevada,
the United States; and the Los
Azules copper project in San Juan,
Argentina. In the 3rd
quarter report for this year the company announced that production
was 36,496 gold equivalent ounces using a gold to silver ratio of
75:1, which is on target to achieve our 2016 guidance of 144,000
gold equivalent ounces.
Harmony Gold Mining Co. (NYSE: HMY) is gold-mining and
exploration company with operations in South Africa and Papua New Guinea. On October 17th the company announced
that it has continued to benefit from its currency and gold hedge,
production in the September 2016
quarter was approximately 10% higher than the June 2016.
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