BMO Capital Markets will buy 4.15 million common shares at C$12.05 per share.

Drilling in Quebec has intersected mineralization within current conceptual pit shells outside of the existing resource model.

Net proceeds are intended for development of the Premier gold project in British Columbia.

Large-scale mining would not be fully up and running until early June.

Country will increase the proportion of dollars gold miners can keep from their sales, yielding to pressure from producers.

President Cyril Ramaphosa on Sunday announced a further easing of the lockdown from June 1.

Bullion fell below $1,700 an ounce early Wednesday.

Social distancing, screening and testing will hamper the country’s deep-level mines.