Gold Explorer Shines on Barrick Gold Earn-In

Carlin Gold Corporation (CVE:CGD), a gold explorer, glistered after announcing an Exploration and Earn-In agreement with Barrick Gold Exploration

Sean Mason | November 10, 2016 | SmallCapPower

A big potential Barrick Gold investment boosted a tiny gold explorer Thursday. Here’s some small stocks making big moves on Thursday, November 10, 2016 (as of 4 pm EST):

Carlin Gold Corporation (CVE:CGD) shares jumped 100% to $0.06 on Thursday after the gold explorer announced that it has entered into an Exploration and Earn-In agreement with Barrick Gold Exploration Inc. on Carlin’s Cortez Summit property in Nevada. Barrick has the right to earn a 70% interest in the Property by making expenditures totaling US$5 million by December 31, 2020.

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As well, shares of Bird Construction Inc. (TSE:BDT) slipped 13% to $9.01 as the general contractor said it will reduce its monthly dividend by 49% to $0.0325 per share.

Pacific Safety Products Inc. (CVE:PSP), meanwhile, reported that it has agreed to be acquired by Med-Eng Holdings ULC, a Canadian wholly-owned subsidiary of Safariland, LLC, for $0.21 per share in cash. Pacific Safety Products stock popped 21% to $0.205 following the announcement.

Finally, American Manganese Inc. (CVE:AMY) shares powered 66% higher to $0.265 after the specialty and critical metal company announced that Phase 3 testing confirms that rechargeable lithium-ion battery coin cells can be successfully produced from lithium-cobalt cathode material regenerated using American Manganese’s proprietary process.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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