Channel sampling at the new discovery is underway, with initial results showing anomalous gold values of up to 4.4 g/t Au.

The project encompasses a former producing mine north of Stewart in British Columbia’s Golden Triangle.

The Côté project is on schedule and was 27% complete at the end of June.

Former Deutsche Bank trader Edward Bases allegedly put out bids to buy gold futures valued around $244 million over the course of four-and-a-half minutes, with more than 98% canceled without being filled.

The Denver, Colorado-based gold producer benefited from slightly higher prices of the precious metal.