Enemy of my enemy brings gold and silver prices a big boost

The latest assays “upgrade our confidence in the initial mineral resource estimate," Snowline's CEO says.

The miner added that shareholders had approved what it called a "repurchase or rescue operation" of currently active bonds.

Gold moved little on Tuesday after South Korean President Yoon Suk Yeol made a surprise declaration of martial law, before rescinding the decree just hours later.

The Bonza Sur deposit was discovered in 2023 through drilling a geochemical soil anomaly 1 km south of the mine.