Shares of KORE Mining surged by 20% to a two-year high on Friday.

Alex Nain Saab Moran, one of the most powerful men supporting Nicolas Maduro’s regime, is said to have traveled to Tehran to broker a gold for gasoline deal.

The Saint-Sauveur-based company just signed a deal with institutional investor Caisse de dépôt et placement du Québec.

The early-stage study suggests a feed contribution of 2,800 t/d from the Piaba underground to the existing 8,000 t/d plant at the site.

Executive director of the National Society of Mining says around 20 companies are ready to resume operations.

The company plans to ramp up gold production to 230,000 oz annually by 2023.