Gold price drops to two-year low with Fed rate hike in focus

Economists at Citibank said they expect gold to see further sideways trading between the $1,700-$1,900 range in 2021.

The 2020 drill program has achieved its goal of finding a gold-bearing system hosted within similar rocks and structural setting as the nearby Turquoise Ridge mine.

The estimate brings five new deposits at the project in western Turkey into resources.

In the first three months of 2021, Pure Gold processed 47,182 tonnes grading 2.8 g/t gold and generated 4,011 gold oz.

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August.

Company has entered into a definitive agreement with Big Ridge Gold, allowing the explorer to earn up to an 80% stake in the past-producing Hope Brook gold project.

The Attawapiskat, Fort Albany and Neskantaga First Nations in the James Bay are calling on the government for a Regional Impact Assessment.

Assay results suggest potential for higher-grade zones and additional gold mineralization at depth.

After adding a second rig to the site in February, the company is now scheduling for two more Kay Mine drills.