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Junior Gold Miner Moves Up On Production Results

ca.investing.com/analysis/junior-gold-miner-moves-up-on-production-results-200196921
Junior Gold Miner Moves Up On Production Results
By Sean Mason, SmallCapPower.com   |  Apr 10, 2018 13:42
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Shares of a junior gold miner gained ground Tuesday following record Q1 production. Here’s some small stocks making big moves on Tuesday, April 10, 2018 (as of 11:30 a.m. EST):

Roxgold Inc (TO:ROXG) shares rose 7% to $1.10 on Tuesday after the junior gold miner announced record first-quarter 2018 production of 40,452 gold ounces from its Yaramoko Gold mine in Burkina Faso, which exceeded company expectations.

As well, shares of Evrim Resources Corp (V:EVM) continued to move higher Tuesday, up 29% to $0.85. On Monday, Evrim stock surged 36% after the gold explorer announced initial exploration results from the Phase Two exploration program on its 100%-owned Cuale gold project in Mexico, which included 193.5 metres grading 2.09 g/t gold.

American CuMo Mining Corp (V:MLY), meanwhile, reported results from an updated Preliminary Economic Analysis (PEA) of its 100% owned CuMo Project in Idaho. Highlights included an after-tax Net Present Value (5%) of US$5.7 billion, average cash flow of US$664 million over the first five years, as well as an Internal Rate of Return of 25%. American CuMo Mining stock moved up 19% to $0.095 following the announcement.

Junior Gold Miner Moves Up On Production Results
 

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Junior Gold Miner Moves Up On Production Results

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