Minaurum Gold, Inc. (CVE:MGG), a precious metals explorer, advanced after announcing the identification of two new “well-mineralized” vein systems
Sean Mason | May 26, 2017 | SmallCapPower
A bit of high-grade silver sparked continued speculation in a precious metals explorer Friday. Here’s some small stocks making big moves on Friday, May 26, 2017 (as of 4 pm EST):
Minaurum Gold, Inc. (TSXV: MGG) shares continued to move higher Friday, up 13% to $0.34 after the precious metals explorer announced that it has identified two new “well-mineralized” vein systems with the highest grade sample returning 1,085 g/t silver at its Alamos Silver Project in Mexico.
As well, shares of Silvercorp Metals Inc. (TSX: SVM) rose 7% to $4.09 as the miner said its fiscal 2017 net income soared 589% to US$43.7 million, or $0.26 per share. The Company added that it will now pay its dividend in U.S. dollars, US$0.01 every six months compared with C$0.01 before.
Kenadyr Mining (Holdings) Corp. (TSXV: KEN), meanwhile, reported that drilling at the South Zone of its 100% owned Borubai License in the Kyrgyz Republic has intersected what the Company called “widespread gold mineralization,” including 40 meters at 6.17 g/t gold. Kenadyr Mining stock moved up 2% to $0.53 following the announcement.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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