Sean Mason | January 15, 2016 | SmallCapPower
Gold production results glistered in a down market Friday, while an energy junior stumbled on financial uncertainty. Here’s some small stocks making big moves on Friday, January 15, 2016 (as of 4 pm EST):
Detour Gold Corporation (TSX: DGC) shares rose 6% to $16.25 on Friday after the intermediate Canadian gold producer announced record fourth-quarter gold production of 146,417 ounces at all-in sustaining costs of between US$850 and $875 per ounce sold.
As well, shares of Pacific Exploration & Production Corp. (TSX: PRE) plunged 39% to $0.48 as the Latin American oil and gas producer/explorer said it would not make the interest payment on its bonds due this month.
dynaCERT Inc. (TSXV: DYA), meanwhile, reported that it has begun installation of the 50 HydraGen units, whose purchase was announced in the Company press release dated May 14, 2015. Each truck receiving a HydraGen unit has previously been outfitted with a data logger to gather baseline performance information. dynaCERT stock moved up 12% to $0.145 following the announcement.
Finally, Equitas Resources Corp. (TSXV: EQT) shares slid 18% to $0.07 after the junior explorer announced that it will acquire privately-held Alta Floresta Gold Ltd. in an all-stock transaction. Alta Floresta holds six gold properties and four production licences in Brazil, and Equitas will allocated up to US$1 million to advance the gold projects.
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