Gold production hit 19,406 ounces in August, a 24% increase over the average gold production rate for the initial seven months of 2023.  

Conditions have improved for explorers after they had moved into cash preservation mode early in the year.

The purchase price gives Nova a total equity value of C$190 million on a fully-diluted basis.

The major gold stocks of GDX continue to carve higher lows and higher highs on balance.

The mine started operations in 2007 and produced about 500 million pounds of copper since.

Colorado-based Newmont holds onto the top spot.

Bullion held by the People’s Bank of China rose by 930,000 troy ounces in August.