Gold Junior Shines on Updated PEA

Treasury Metals Inc. (TSE:TML), a gold junior, moved up after announcing results from an updated Preliminary Economic Assessment  on its Goliath Gold Project

Sean Mason | March 8, 2017 | SmallCapPower

An improved Preliminary Economic Assessment helped lift shares of a gold junior Wednesday. Here’s some small stocks making big moves on Wednesday, March 8, 2017 (as of 4 pm EST):

Treasury Metals Inc. (TSX: TML) shares gained as much as 4% before ending unchanged at $0.79 on Wednesday after the gold junior announced results from an updated Preliminary Economic Assessment (PEA) on its Goliath Gold Project in northwestern Ontario. Highlights included a 33% increase in life of mine head grade to 3.8 grams per tonne gold, as well as all-in sustaining cost estimates of US$566 per gold equivalent ounce.

Related: 7 Canadian Gold Juniors Quietly Becoming Acquisition Targets

As well, shares of Centric Health Corporation (TSX: CHH) slipped 17% to $0.66 as the healthcare services company said its fourth-quarter revenue from continuing operations increased 0.7% to $41.8 million.

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Aecon Group Inc. (TSX: ARE), meanwhile, reported that its fiscal 2016 revenue increased 10% to $3.2 billion. The Company added that it also plans to increase its annual dividend to $0.50 per share from $0.46. Aecon Group stock moved up 6% to $16.46 following the announcement.

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