Bullion was already holding steady ahead of the jobs report, and has since pushed higher in initial reaction to the weaker-than-expected employment figures.

Mining companies are scouring the globe for new deposits.

Drilling intercepted 4.34 g/t gold over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over 11.8 meters.

By acquiring Taiga, SSR would add five new properties, for a total of 34,569 hectares, to its Saskatchewan project portfolio.

The McKenzie Break project is located 25 km north of the company’s wholly owned 750-t/d Beacon gold mill.

Company has 10 sales processes underway across its portfolio and 15 further assets under review.

Total gold production combined with other metals is expected to be 7.5 million gold equivalent ounces in 2022.

It said stoppage will affect full-year production, placing it below the bottom end of the expected 100,000-110,000 gold ounces range.