Gold price ahead of the Thanksgiving weekend
During this period, gold is usually just before forming a short-term top and starting the biggest decline within the final quarter of the year.
Canarc Resource announced that an updated NI 43-101 preliminary economic assessment report on the New Polaris gold mine project, British Columbia, Canada, has improved the estimated project economics to an 80,000 oz per year gold mine. The report supports a 600 tonnes per day production rate at an average ore grade of 12.5 g/t gold diluted by 20% over a mine life of 8 years with average recoveries of 91% gold in concentrate….more at InfoMine News
