Dr. Copper is clearly predicting an economic recovery but, in the meantime, gold is a useful prescription to boost mined wealth.

Shares fell over 20% after the company announced its production would be lower than forecasted next year.

The company says the new property shares similar characteristics with Great Bear's Dixie project.

The pour took place on Tuesday, and produced 728 ounces of gold.

Spot gold will average $1,788 an ounce this year and $1,965 an ounce in 2021, the median forecasts returned by Reuters poll of 42 analysts and traders showed.

The Jersey-based gold producer is weighing an acquisition of Bilboes Gold Ltd.’s Isabella-McCays-Bubi mines, in northwest Zimbabwe, according to a person familiar with the details.

Four Points, the owner and operator of the El Limón mine, will now be a subsidiary of Soma Gold.

Study on the project in the Red Lake district has defined a 7-year, 1,315 t/d underground operation.