The latest study suggests a 10,000-tonne-per-day, 12 year open-pit operation at the project in northwestern Alaska’s Ambler mining district.

Proceeds will be used for exploration, pre-development and development work at the Bateman gold project in the Red Lake district of Ontario.

Company declared an interim dividend of 1.60 rand ($0.093) per ordinary share, equal to the total dividends declared last year and up from the 2019 interim payout of 0.60 rand per share.

The nation sold $475 million of its bullion in June, equivalent to 67% of its holdings at the end of May.

Gold recovered from a 3% loss as US unemployment claims topped one million once again.

Delbrook Capital is now taking a pause on gold stocks as their valuations have strengthened.