Junior Gold Miner Shines on Assay Results

TMAC Resources Inc. (TSX:TMR), a junior gold miner, glistered after announcing exploration results from its Hope Bay Project in Nunavut

Sean Mason | June 15, 2018 | SmallCapPower

A few speculators gravitated towards a junior gold miner Friday following drill results. Here’s some small stocks making big moves on Friday, June 15, 2018 (as of 4 pm EST):

TMAC Resources Inc. (TSX:TMR) shares gained 14% to $6.20 on Friday after the junior gold miner announced exploration results from the 2018 drilling campaigns at both the Doris Mine and the Madrid North Deposit on its 100% owned Hope Bay Project in Nunavut, which included 261.4 g/t gold over 7.1 metres.

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As well, shares of Orosur Mining Inc. (TSX:OMI) sank 43% to $0.04 as the South American-focused gold producer said Loryser S.A., its operating subsidiary, is seeking creditor protection in Uruguay.

Canada Goose Holdings Inc. (TSX:GOOS), meanwhile, reported that its fiscal 2018 revenue rose 46% to $591.2 million, while its net income increased to $96.1 million from $21.6 million during fiscal 2017. Canada Goose Holdings stock popped 30% to $78 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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