Belo Sun Mining soars on favourable court ruling on Volta Grande permitting in Brazil
The Volta Grande project represents a potential long-life open pit operation with average annual gold production of 205,000 oz.
Gold producer Jaguar Mining Inc posted a quarterly profit that beat analysts’ estimates helped by surging bullion prices, sending its New York-listed shares up almost 7 percent in extended trading.
For the January-March quarter adjusted profit was $10.3 million, or 12 cents a share, compared with an adjusted loss of $3.7 million, or 4 cents a share, a year ago.
