Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Gold prices start the week off down big after a late rally last week. This is the result of higher crude oil prices, which currently play a major role in the positive trend seen in global markets.
Gold prices are expected to trend higher once again however. A report by Bulliondesk indicates that demand for gold ETFs has significantly increased recently. ETF investors bought 39 tonnes of gold between April 29 and May 6, much more than the 14 tonnes the previous month. Clearly increased risk aversion at the early dates of May was an incentive for more long gold ETF positions, and for investors that have an appetite for risk aversion, Gold is a high risk high reward investment in this volatile market. Intact Gold Corp (TSX-V: ITG), Barrick Gold Corp. (TSE: ABX), B2Gold Corp. (TSE: BTO), IAMGOLD Corp. (TSE: IMG), Brazil Resources Inc. (TSX-V: BRI).
Gold companies like Intact Gold Corp (TSX-V: ITG), has had a chance to be a part of this bullish trend for gold. Shares of this company in 2016 have increased roughly 50% post-split and up a whopping 600% pre-split.
Barrick Gold Corp. (TSE: ABX) hit a 52-week low of $7.89 late last year and just recently hit a high of $24.43 or representing a whopping 209%. Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75% of our gold production comes from the Americas region.
Another Canadian gold company B2Gold Corp. (TSE: BTO), has surged 272% from their 52-week lows. B2Gold Corp. is one of the fastest growing intermediate gold producers in the world. Since its inception in 2007, B2Gold has evolved into an international gold mining company, with four operating mines, one mine under construction and numerous exploration projects across four continents in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso.
IAMGOLD Corp. (TSE: IMG) are up roughly 195% from their 52-week lows as well. IAMGOLD is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities.
Brazil Resources Inc. (TSX-V: BRI) on a bullish breakout surged almost 360% from their 52-week low. Brazil Resources Inc. is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil and other regions of the Americas. Brazil Resources is advancing its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the state of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada.
For “The Latest Buzz in Financial News”, please visit: http://www.FinancialBuzz.com
