Executive Chairman of Templeton Emerging Markets Group Mark Mobius said in an interview that, "The Fed is going to increase the rates by a little bit but not excessively and there is no guarantee that a rise in interest rates will put people off… A lot will depend on the real rates." The Fed's decision will affect the strength of the dollar. "The U.S. dollar is not that strong and may even decline," said Mobius, "So if that happens, gold gets more expensive."
Bravura Ventures Corp. (OTC: BRVVF) is a resources company with a primary focus on advanced stage gold projects in North America. The company holds an option agreement to acquire 100% interest in the Musgrove Creek gold property that consists of nine claims covering an area of 168.8 acres located in Lemhi County, Idaho.
On October 24th the Bravura Ventures Corp announced that it has entered into another option agreement with Golden Predator Mining Corp. to acquire up to a 90% interest in and to certain mineral properties, together with the surface rights, mineral rights, personal property and permits. The mineral property is located in the Watson Lake Mining District in southeast Yukon.
CEO of Bravura Ventures Corp., Greg Burns, said in a statement, "The company is very excited in its latest option & welcomes the opportunity to align itself with a progressive company such as Golden Predator. We look forward to defining the next steps on this exceptional project."
IAMGOLD Corp (NYSE: IAG) is an exploration, development and production of mineral resource company. All the gold produced by the company is in the form of dore bars, which is sold to gold refineries in North America and Europe. IAMGOLD operates in four gold mines on three continents. Earlier In August the company announced that it has signed an agreement with the Government of Suriname, and will acquire an interest in the Saramacca property with the intent of defining a 43-101 compliant mineral resource within the next 24 months.
Golden Star Resources Ltd. (NYSE: GSS) is a gold mining and exploration company. The Company holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. Golden Star is pursuing brownfield development projects at its Wassa and Prestea mines. In South America Golden Star holds and manages exploration properties in Brazil. Earlier this year the company announced that their mineral reserves and mineral resources increased by over 10% to 2.1 million ounces.
McEwen Mining Inc (NYSE: MUX) is an exploration and production company, which focuses on precious and base metals in Argentina, Mexico, and the United States. The company's expertise are in primarily in gold, silver, and copper. McEwen's principal assets consist of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina. In the 3rd quarter report for this year the company announced that production was 36,496 gold equivalent ounces using a gold to silver ratio of 75:1, which is on target to achieve our 2016 guidance of 144,000 gold equivalent ounces.
Harmony Gold Mining Co. (NYSE: HMY) is gold-mining and exploration company with operations in South Africa and Papua New Guinea. On October 17th the company announced that it has continued to benefit from its currency and gold hedge, production in the September 2016 quarter was approximately 10% higher than the June 2016.
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