Gold Mining Opportunities on the Rise as Gold Nears 52 Week High

Jul 12, 2016, 08:30 ET from FN Media Group LLC

CORAL SPRINGS, Florida, July 12, 2016 /PRNewswire/ --

Gold prices have moved higher for six consecutive weeks with the precious metal up more than 0.9% ahead of last week's market close. Recent beliefs in the sector suggest that although inflation indicators remains flat, investors continue to seek an alternative to fiat currencies as the efficacy of monetary easing diminishes.

In latest advancements in the Gold mining sector: Bullfrog Gold Corp (OTC: BFGC) (OTCQB: BFGC) ("Bullfrog" or the "Company") is pleased to provide updates and further attributes of the Company and its Bullfrog Gold Project located 120 miles NW of Las Vegas Nevada:

• The Bullfrog Mining District ("District") hosts an enormous epithermal gold system from which Barrick Bullfrog Inc. ("Barrick") produced 2.3 million ounces of relatively high grade gold from open pit and underground ores during the period 1989 into 1998.

• Remaining mineralization in and around Barrick's mines was estimated by the Company to contain 470,000 ounces of gold averaging 0.89 ounces per tonne. See press release of April 11, 2016. The Company believes this mineral inventory supports an open pit mining and heap leaching project under current market conditions.

• The Company's lands have strong potential for expanding known mineralization as well as discovering new zones.

• A debt obligation of more than $2.8 million was recently eliminated, thereby enhancing the Company's balance sheet and its ability to fund and advance the Project. See press release of July 6, 2016. The Company now has less than $500,000 of debt, which is anticipated to be paid off during the next few months.

Read the full Bullfrog Gold (BFGC) Press Release at

The release includes additional info such as the Project infrastructure is excellent and includes: Barrick's haulage ramps from the surface to the pit bottoms remain in place, thereby allowing expansion of the M-S and Bullfrog pits while minimizing costs.  For reference, these ramps would cost many millions of dollars for a similar Greenfield project.  The Company obtained or has access to all of Barrick extensive project data base, including 157 miles of exploration and development drilling throughout the District. This amount of drilling would currently cost more than $40 million.           The Company currently has 97.4 million shares outstanding and a market capitalization of $9.1. There are 4.5 million options exercisable at $0.025 and 4.0 million warrants exercisable at $0.35, which warrants expire on or before February 4, 2017. As a result, fully diluted shares are 105.9 million. And Market capitalizations per ounce as of July 8, 2016 are less than $20 for the Company compared to $50 to $140 for several other companies that have similar heap leaching projects.

In other sector developments:  Barrick Gold Corporation (NYSE: ABX) vs. Newmont Mining Corporation (NYSE: NEM): In a Report:  Which Gold Mining Stock Is Best Right Now?  After a sluggish 2015, gold has regained a lot of momentum this year due to several key factors that have caused uncertainty in the global markets. The yellow metal has surged roughly 25% in 2016, and as a result, gold mining stocks are also surging.

Recently, gold has been the biggest beneficiary of the Federal Reserve's decision to keep interest rates steady throughout June, as well as the United Kingdom's decision to withdraw from the European Union. As the price of gold hit a two-year high last week, gold miners also made big gains and investors are starting to look at these stocks as solid options in today's market.  Read the full Zacks article at

AngloGold Ashanti (NYSE: AU) back in May announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti  has delivered on a range of self-help measure to reduce debt using internally generated funds, without diluting shareholders. The company, which has 17 mines in nine countries, has made significant cuts to corporate overheads and all-in-sustaining costs as it has sought to effect sustainable improvements to cash flow and returns.  AU closed up slightly on Monday at $21.28 on over 5Million shares traded by the market close.

Alamos Gold Inc.(NYSE: AGI) plans to release its second quarter 2016 financial results before the start of trading on Wednesday, August 10, 2016. Senior management will host a conference call at 10:00 am ET on that day to discuss the results. Participants may join the conference call by dialing +1-(416)-340-2218 or +1-(866)-225-0198 for calls within Canada and the United States, or via webcast at is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at  Follow us on Facebook: and Twitter: 

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