Various news outlets in the United Kingdom are interpreting Prime Minister Theresa May's speech as planting the seed for a "hard" exit from the European Union, leaving the European single market as well. The Single Market refers to the EU as one territory without any internal borders or other regulatory obstacles to the free movement of goods and services. Investors and traders have expressed concerns that such measures may result in destabilizing the economy for the UK, EU and eventually the world.
Golden Dawn Minerals Inc. (OTC: GDMRF) (TSX-V: GOM.V) is a Canadian based resource exploration company, which focuses on acquisition, exploration and development of mineral properties. Golden Dawn holds interests in resource properties in British Columbia.
Golden Dawn Minerals Inc. announced earlier today that the, "results from 2016 underground drilling, and revised results for one surface step-out hole at its 100% owned May Mac mine.
Repeat analyses on surface hole BF 16-26 indicate the original fire assay results announced in a news release dated December 12, 2016 were biased low. Additional check assays were done on a highly mineralized intercept for silver, gold and base metals by the same laboratory.
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Three splits from one high grade sample (M253097) were re-analyzed for Ag by Fire Assay and 4Acid digestion assay. The repeat analyses indicate the original fire assay result was biased low. For gold, replicate analyses by fire assay with gravimetric finish verify the initial reported result by FA-ICP. Check assays for lead show that for samples with > 5% Pb the 4Acid "near-total" digestion technique is not appropriate, as it shows a significantly low bias, and that an Aqua Regia digestion or Peroxide Fusion assay is required for full Pb recovery. No bias was detected in the analyses for zinc and copper. In summary, check assays returned much higher values for silver and lead.
The Company will resume May-Mac Mine underground diamond drilling by Jan. 21th, 2017 from drill station #3, followed by stations #2 and #1…The Company is preparing additional requested backup information to support its permit application submitted last November. The application covers the extension of the May Mac 7 Level drift to the northwest and excavation of a bulk sample of up to 10,000 tonnes, to be processed in the Company's Greenwood Mill, 15 km southeast of the May Mac Mine.
The company will continue underground as well as surface exploration diamond drilling to locate a source of mill feed from the May Mac Mine to add to the future production from the company's Lexington and Golden Crown Mines. Both of these mines have drilled out tonnage in the inferred, indicated and measured categories (see N.R. of Feb 24, 2016).
The Company is scheduled to complete a National Instrument 43-101 Technical Report within a week on the Greenwood properties of Kettle River Resources Ltd., which are subject to a Letter of Intent for acquisition from New Nadina Resources Ltd. The Kettle River land package consists of approximately 12,000 ha. of mostly contiguous land covering 70 showings and 30 historic mines in the Greenwood mining camp, including the former Phoenix copper-gold mine."
YAMANA GOLD INC. (TSX: YRI) (NYSE: AUY) is a Canadian-based gold producer with development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile, and Canada. Yamana plans to continue to build on this base through existing operating mine expansions, development of new mines, advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas. Recently the company announced an update relating to negotiations with unions at its mines in Chile. As part of the collective bargaining renewal process, Yamana has been in negotiations with unions representing workers employed at El Peñón and Minera Florida. Collective bargaining agreements have been entered into at Minera Florida, and the mine and plant are operating at full capacity.
Kinross Gold Corporation (TSX: K) (NYSE: KGC) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The company has mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Earlier in October Kinross Gold announced that it has agreed to a new three-year collective labor agreement with unionized employees at its Tasiast mine in Mauritania. Tasiast resumed normal mining and processing activities in mid-August after resolving the expatriate work permit issue, which was part of the Mauritanization plan agreement.
Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company's activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania. Recently Eldorado announced that the Company has completed the sale of its respective interest in the White Mountain and Tanjianshan Mines and Eastern Dragon Development Project to an affiliate of Yintai Resources Co. Ltd. Paul Wright, President and Chief Executive Officer of Eldorado Gold said, "This closing marks the conclusion to Eldorado's 11-year history in China. We would like to acknowledge the dedication and hard work of all of our Chinese employees and staff throughout this period… We are very pleased to have completed the monetization of our Chinese assets and look forward to advancing our internal project pipeline with the enhanced financial flexibility resulting from the sale process."
Goldcorp Inc. (TSX: G) (NYSE: GG) is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company has recently announced that it has entered into a share purchase agreement with Leagold Mining Corporation, according to which it has agreed to sell its Los Filos Mine in Mexico to Leagold. Under the terms of the Agreement, Goldcorp will receive estimated consideration of $438 million, consisting of $279 million in cash, $71 million in Leagold common shares, and retain certain tax receivables of approximately $88 million.
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