NEW YORK, October 26, 2017 /PRNewswire/ --
Gold rose slightly on Wednesday as the U.S. dollar weakened against the euro. Gold Spot was up 0.09 percent to
$1,277.73 per ounce during Wednesday's trading session. While U.S. Gold futures for December
delivery increased 0.06 percent to $1,279.10 per ounce. The US Dollar Currency Index fell 0.08
percent to 93.70, as the euro rose ahead of the European Central Bank meeting on Thursday. Gold price is sensitive to the
U.S. dollar, as a weaker dollar makes other currencies holders cheaper to buy dollar-denominated commodities. The yellow metal is
up over 11 percent this year. Grande Portage Resources Ltd. (OTC: GPTRF), Harmony Gold Mining Company Limited (NYSE: HMY), Yamana
Gold Inc. (NYSE: AUY), Kinross Gold Corporation (NYSE: KGC), Gold Standard Ventures Corp. (NYSE: GSV).
Global geopolitical uncertainties have also provided support for the price of precious metals. According to an article from CNN,
a senior North Korean official said that the threat of a possible nuclear weapon test over the Pacific Ocean should be taken
literally. Gold is considered as a safe-haven asset during the time of political uncertainties. In addition, investors are
closely watching the clues for the selection of the next Federal Reserve Chair. Current chair Janet
Yellen's term will expire in February. The Fed's schedule on rate hikes for the next year may have an impact on gold
price.
Grande Portage Resources Ltd. (OTC: GPTRF) also listed on the TSX Venture Exchange under the ticker symbol "GPG". Just
earlier today the company announced breaking news that, "2.64 METERS (8.7 FT) GRADING 27.93 GPT/GOLD & 6.3 METERS (20.67 FT)
GRADING 7.31 GPT/GOLD, the initial drill results from the Goat Vein during the 2017 season. This part of the program consisted of
eight diamond drill holes from two platforms, K and L Pads, for a total length of 1952 meters. Additional geological mapping and
sampling was conducted to the east and north of the vein system.
The drilling results further validate the continuity of the Goat Vein structure over a confirmed distance of 300 metres.
However, when combined with the surface mapping the new strike length has increased to 650 metres at a minimum. Importantly, the
drilling also shows significant potential for the development of mineable subsidiary veins in both the hanging and footwalls of
the Goat Creek structure. A summary of mineralized intervals of the drilling on the Goat Vein is shown in the table below. In
addition, Hole 17L-2 returned strong silver values with the interval 164.53-166.0m showing 35.4 ppm Ag.
Ian Klassen, President of the Company remarked, "This is a terrific re-affirmation of the
emerging mesothermal vein system we have at the Herbert. This results add nicely to what is a growing deposit of almost 200,000
ounces (Indicated category) already identified. Mesothermal veins are known for their large size and continuation to depth, and
therefore, are a major source of the world's gold production. Veins are usually less than two meters wide and often occur in
parallel sets just like we see at the Herbert deposit".
The Company will announce more results, in due course, as they are returned from the laboratory. Carl
Hale, CPG, a geologist of more than 40 years' experience, will direct the field program and will act as the qualified
person as that term is defined under NI 43-101."
Harmony Gold Mining Company Limited (NYSE: HMY), a gold mining and exploration company, has operations and assets in
South Africa and Papua New Guinea. On October 19th,
Harmony Gold announced that it has entered into an agreement with AngloGold Ashanti Limited
("AngloGold Ashanti") to acquire its Moab Khotsong and Great Noligwa mines, together with certain long life projects and tailings
dams, for a consideration of US$300 million in cash ("the Acquisition"). "Buying Moab Khotsong means we boost our cash
flows by more than 60%, increase our average overall underground recovered grade by 12% and grow our South African underground
resource base by 38%. The Acquisition benefits all our stakeholders," Peter Steenkamp, chief
executive officer of Harmony said.
Yamana Gold Inc. (NYSE: AUY) is a gold producer that plans to continue to build on its base through existing operating
mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and, at times, by
targeting other gold consolidation opportunities with a primary focus in the Americas. On June 2nd, Yamana Gold
announced that it has completed the previously announced secondary offering of 26,667,000 common shares (the "Brio Shares")
of Brio Gold Inc. ("Brio Gold") that it owned, at a price of $3.00 per Brio Share for total gross proceeds to
Yamana of C$80,001,000 (the "Offering").
Kinross Gold Corporation (NYSE: KGC) is gold mining company with mines and projects that focus on delivering value
based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible
mining. On September 19th, Kinross Gold announced an update to the Round
Mountain mineral reserve and resource estimates reported in the news release titled "Kinross to proceed with Tasiast Phase
Two and Round Mountain Phase W expansion projects" dated September 18, 2017.
Gold Standard Ventures Corp. (NYSE: GSV) is an advanced stage gold exploration company focused on district scale
discoveries on its Railroad-Pinion Gold Project, located within the prolific Carlin Trend. On
October 25th, Gold Standard Ventures announced highly encouraging metallurgical results from
continuing work designed to determine the processing characteristics of the Dark Star oxide gold deposit, on its
100%-owned/controlled Railroad Project in Nevada's Carlin
Trend. Jonathan Awde, CEO and Director of Gold Standard commented: "Step by step we are increasing the value of our
Railroad Project by reducing risks and establishing the viability of its gold deposits. The recovery rates in these tests are
beyond our expectations."
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the
information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting
high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com
does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along
with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our
unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand dollars for financial news dissemination and pr services by grande portage resources ltd. Our
fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a
combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance
is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or
cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the
editorial or Site or continue to post information about any companies the information contained herein is not intended to be used
as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information
contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are
not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles,
quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full
responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own
investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any
pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the
content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular
security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided
by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is
suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult
with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to
the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information
is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer,
disclosure and Terms of Use, please visit: http://www.financialbuzz.com.
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
URL: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com