NEW YORK, July 28, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com takes a look at four Gold equities to see how they have fared at yesterday's close following the FOMC statement. The industry started strong this year, but has shown weakness in recent weeks due to Britain's decision to leave the European Union and rate hike concerns. Here are this morning's stocks in review: AngloGold Ashanti Ltd (NYSE: AU), B2Gold Corp. (NYSE MKT: BTG), Gold Standard Ventures Corp. (NYSE MKT: GSV), and Comstock Mining Inc. (NYSE MKT: LODE). Learn more about these stocks by accessing their freenotes at:
Johannesburg, South Africa headquartered AngloGold Ashanti Ltd's stock finished Wednesday's session at $21.69, climbing 3.83%. A total volume of 2.97 million shares was traded. Over the last month and the previous three months, the Company's shares have surged 24.30% and 49.28%, respectively. Additionally, the stock has skyrocketed 205.49% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 25.85% and 79.14%, respectively. Moreover, shares of AngloGold Ashanti, which operates as a gold mining and exploration company, have a Relative Strength Index (RSI) of 65.89.
On June 28th, 2016, Bloomberg reported that AngloGold Ashanti plans to redeem about $475 million outstanding on a $1.25 billion high-yield bond that was issued in 2013. AngloGold Ashanti will pay $1,063.75 for every $1,000 of bonds, exercising the notes' call option. The coupon on the debt is 8.5% and the sum outstanding attracts an interest charge of $40 million a year, as per the report. See our complete notes on AU at:
Shares in Vancouver, Canada headquartered B2Gold Corp. ended yesterday's session 7.55% higher at $2.99. A total volume of 4.86 million shares was traded, which was above their three months average volume of 4.20 million shares. The stock has gained 19.12% in the past month, 46.57% in the previous three months, and 193.14% on an YTD basis. The Company's shares are trading 26.08% above their 50-day moving average and 92.63% above their 200-day moving average. Moreover, shares of B2Gold, which engages in the acquisition, exploration and development of mineral properties in the Nicaragua, Philippines, Namibia, Mali, Colombia, Burkina Faso, Finland, and Chile, have an RSI of 62.29.
On July 13th, 2016, B2Gold announced record quarterly consolidated gold production of 135,242 ounces, 4% (or 5,697 ounces) above budget and 11% (or 13,676 ounces) greater than the same period in 2015. The company generated record gold revenue of $164.8 million on record sales of 130,829 ounces at an average price of $1,260 per ounce, an increase in revenue of 21% over the same period in 2015. BTG free notes are just a click away at:
Gold Standard Ventures
On Wednesday, Vancouver, Canada headquartered Gold Standard Ventures Corp.'s stock rose 1.43%, to close the day at $1.42. A total volume of 650,963 shares was traded. The Company's shares have advanced 16.39% in the previous three months and 108.82% on an YTD basis. The stock is trading 39.30% above its 200-day moving average. Additionally, shares of Gold Standard Ventures, which engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the U.S., have an RSI of 33.74.
On July 12th, 2016, Gold Standard Ventures reported that a comprehensive bottle roll cyanide leach program on its 100%-owned Pinion oxide gold deposit in the Carlin Trend, Nevada, returned weighted-average gold recoveries of 69.2% for 10 mesh material and 80.3% recovery for 200 mesh material. The bottle roll characterization results confirm the consistently oxidized nature of gold mineralization throughout the Pinion deposit. These results will guide location and selection of future composites for column leach testing, the next step in the metallurgical characterization process. Sign up for your complimentary notes on GSV at:
Shares in Gold Hill, Nevada headquartered Comstock Mining Inc. ended the day 2.05% higher at $0.37 and with a total volume of 275,026 shares traded. The stock has gained 3.50% in the last one month. The Company's shares are trading below their 50-day moving average by 2.03%. Furthermore, shares of Comstock Mining, which operates as a gold and silver mining company in Nevada, have an RSI of 45.87.
On July 14th, 2016, Comstock Mining announced that the Bureau of Land Management (BLM), Sierra Front Field Office, has conveyed ownership of approximately 24 acres to Northern Comstock, LLC. The parcel known locally as "Lot 51" is located on the American Flat Road, in Storey County, Nevada. This marks the successful completion of a multi-year process to acquire this land from the BLM. Lot No. 51 represents a strategic parcel of land that enables an expanded and efficient haul route from the Lucerne mine. Register for free on Stock-Callers.com and access the latest notes on LODE at:
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