Some of the grades are 21 grams gold over 4.5 metres, with fine-grain visible gold, says CEO.

Deal clears up doubts about the project’s future, but it does not unveil any specifics related to the terms and conditions.

Sustained momentum-chasing buying outside of normal channels has fueled these sharp gains, which gold miners’ stocks are increasingly leveraging.

Bloomberg analyst says that investors find gold to be a better hedge against geopolitical risk than government bonds.

Orla said it had notified authorities of its intentions with the hope of motivating talks between the parties.

The latest US inflation reading offered some calm to markets a day after a hot price reading curbed bets.

It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals.

Over 500 constitutional challenges have been filed against the law, Mexico mining law expert Santiago Suarez Sevilla says.