Precious Metals Summit: Top industry minds reflect on surging gold price, humdrum equities

The increase is primarily owing to a three-month delay in the expected start of gold production.

The listing comes exactly six weeks since Westgold’s $826 million acquisition of Canada’s Karora Resources.

Gold bulls are locking in bullion prices surging to fresh records, fired up by monetary easing and a tight US presidential election race.

The financing model supports junior mining companies by facilitating over 90% of exploration investment. 

Spot gold climbed 1.6% to a new all-time high of $2,554.78 per ounce.

BMO expects the Rochester expansion to drive Coeur toward positive free cash flow in H2.

Mali's ruling junta had previously announced it would delay the granting of all new mining permits to B2Gold.

A preliminary economic assessment in May proposing a 10-year mine producing 129,000 oz. gold per year.

Gold moved slightly higher, but the very short-term resistance line based on the previous highs keeps gold’s gains in check.