The Canadian miner believes Menankoto is legally entitled to a permit renewal and is engaged in ongoing discussions with the government to clarify the situation.
Mining Association of Canada (MAC) will be in charge of developing program to give miners tools and knowledge needed to better plan for climate change.
The miner said the discoveries represent an important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold grain-in-till dispersal apron that the property hosts.
The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.