Junior Gold Miner Moves Up on Production Results

Roxgold Inc. (TSX:ROXG), a junior gold miner, glistered after announcing record first-quarter 2018 production from its Yaramoko Gold mine

Sean Mason | April 10, 2018 | SmallCapPower

Shares of a junior gold miner gained ground Tuesday following record Q1 production. Here’s some small stocks making big moves on Tuesday, April 10, 2018 (as of 4 pm EST):

Roxgold Inc. (TSX:ROXG) shares rose 4% to $1.07 on Tuesday after the junior gold miner announced record first-quarter 2018 production of 40,452 gold ounces from its Yaramoko Gold mine in Burkina Faso, which exceeded Company expectations.

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As well, shares of Evrim Resources Corp. (TSXV:EVM) continued to move higher Tuesday, up 38% to $0.91. On Monday, Evrim stock surged 36% after the gold explorer announced initial exploration results from the Phase Two exploration program on its 100%-owned Cuale gold project in Mexico, which included 193.5 metres grading 2.09 g/t gold.

American CuMo Mining Corporation (TSXV:MLY), meanwhile, reported results from an updated Preliminary Economic Analysis (PEA) of its 100% owned CuMo Project in Idaho. Highlights included an after-tax Net Present Value (5%) of US$5.7 billion, average cash flow of US$664 million over the first five years, as well as an Internal Rate of Return of 25%. American CuMo Mining stock moved up 19% to $0.095 following the announcement.

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

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