Shareholders of a junior explorer received a treat Thursday in the form of a Kinross Gold option agreement. Here’s some small stocks making big moves on Thursday, July 26, 2018 (as of 4 pm EST):
Rockcliff Metals Corporation (TSXV:RCLF) shares climbed 13% to $0.045 on Thursday after the junior explorer announced that it has entered into a definitive option agreement with an affiliate of Kinross Gold, giving Kinross the right to earn a 70% interest in the Laguna and Lucky Jack gold properties in Manitoba by spending a minimum of C$5.5M in exploration expenditures over six years.
As well, shares of New Gold Inc. (TSX:NGD) slid 21% to $1.89 as the gold miner said it is downgrading its 2018 production guidance to 415,000 to 480,000 ounces of gold, previously 525,000 to 595,000 gold ounces, at all-in sustaining costs of US$1,080 to $1,120 per ounce, previously $860 to $900 per ounce.
GGX Gold Corp. (TSXV:GGX) stock, meanwhile, continued to move higher Thursday before ending down 5% to $0.105, after the Company reported additional analytical results from its diamond drilling program on the Gold Drop property in British Columbia, which included 8.65 grams per tonne (g/t) gold, 47.6 g/t silver and 37.3 g/t tellurium over a 2.98 meter core length.
Finally, Sable Resources (TSXV:SAE) shares gained 15% to $0.27 after the explorer announced results from the first two drill holes targeting the Margarita Vein in its ongoing 12-hole drill program at the Margarita Project in Mexico, which included 462 g/t silver equivalent over 4.25 metres from 41.5 metres to 45.75 metres.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Rockcliff Metals Corporation (TSXV:RCLF) shares climbed 13% to $0.045 on Thursday after the junior explorer announced that it has entered into a definitive option agreement with an affiliate of Kinross Gold, giving Kinross the right to earn a 70% interest in the Laguna and Lucky Jack gold properties in Manitoba by spending a minimum of C$5.5M in exploration expenditures over six years.
