Refinitiv forecasts gold will average $1,715 per oz. this year.

Bogoso currently has measured and indicated resources of 1.76 million ounces of gold contained within 19.8 million tonnes grading 2.76 grams gold per tonne.

Company has entered into a royalty purchase agreement with a private vendor to acquire a 1% net smelter return royalty on a portion of gold project in Quebec.

The company's board has urged shareholders to reject the Nordgold bid.

The proposed solar plant will supply some 30% of the Blanket mine's total electricity.