Junior Gold Miner Shines on PEA Results

Roxgold Inc. (TSX:ROXG), a junior gold miner, surged after announcing Preliminary Economic Assessment results for the Séguéla Gold Project

Sean Mason | April 15, 2020 | SmallCapPower

A positive Preliminary Economic Assessment (PEA) attracted investors to shares of a junior gold miner Wednesday. Here’s some small stocks making big moves on Wednesday, April 15, 2020 (as of 4 pm EST):

Roxgold Inc. (TSX:ROXG) shares climbed 13% to $1.07 on Wednesday after the junior gold miner announced results of a Preliminary Economic Assessment (PEA) for the Séguéla Gold Project in Côte d’Ivoire. Highlights included average All-In Sustaining Costs (AISC) of US$749 per ounce over the life of mine, including an AISC of $600 per ounce over the first three years of production, as well as After-Tax NPV of $268 Million and 66% IRR.

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As well, shares of Vermilion Energy Inc. (TSX:VET) slid 16% to $5.03 as the international energy producer said its Board of Directors has suspended the Company’s monthly dividend until further notice.

IsoEnergy Ltd. (TSXV:ISO), meanwhile, reported final assay results from the winter 2020 drilling program at the Hurricane zone at its Larocque East property in Saskatchewan’s Athabasca Basin, which included 22.7% U3O8 over 7.5 metres. IsoEnergy stock moved up 8% to $0.52 following the announcement.

Finally, ProMIS Neurosciences, Inc. (TSX:PMN) shares gained 10% to $0.165 after the development-stage biotechnology company announced a collaboration with Dr. Hans Frykman and his team to develop a high-throughput, highly specific serological assay to accurately detect the presence of antibodies against SARS-CoV-2, the virus responsible for the COVID-19 pandemic.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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