The results will augment the existing inferred mineral resource at Rowan, which currently stands at 827,462 oz. gold in 2.8 million tonnes ore.

Physical sales volume rose 24%, while gold output jumped 36% to 1.45 million ounces.

Shares of PT Amman Mineral International are up 153% since their debut on July 7.

The new code will allow the state and local investors to take stakes as high as 35% in mining projects.

The company says drilling over 36 newly reported holes on K2 has extended the mineralized footprint to 410 metres by 395 metres.

Investors now await a slew of economic data this week for more clues on interest rate outlook.

The mid-tier and junior gold miners just finished reporting their latest quarterly results last week.