Gold prices to go lower before rebound: Bank of America

The company reported a quarterly group gold production of 194,793 ounces, compared with 161,073 ounces a year earlier.

The possibility of both silver and gold being caught up in the sweeping tariff measures has whipsawed the market in recent weeks.

The Blackjack deposit now has an indicated resource of 1.29 million oz. at a gold grade of 1.01 g/t.

The country's development agency is offering $3-$4m over three years for studies on extracting cobalt and rare earths from tailings.