Gold Rebounds After QE and Negative Rates are Mentioned

June gold closed the Globex day session at $1721 on Wednesday. There was news out from Guyana Goldfields yesterday in regards to the bidding action between Silvercorp and Gran Colombia for the acquisition of the company. Wallbridge is back on its Fenelon Project. Troilus Gold reported additional results from its 6,000 meter drill program completed earlier this year in the Southwest Zone of its Troilus Property in Quebec. O3 Mining says it has signed an option agreement with QMX Gold to acquire the interest in the Aurbel Mill. First Majestic shared financials for the first quarter this year. Teranga Gold also reported financial, operating and development results for Q1 this morning.

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Corvus Gold Discovers New Gold Mineralization Below Mother Lode

It appears a $1700 line has been drawn for gold. Corvus Gold announced results from its initial deep core hole from the Central Intrusive Zone. Rubicon Minerals reported assay results from the Phoenix Gold Project infill drilling program at the F2 Gold Zone. GR Silver Mining reporter more historical drill results from its recently acquired Plomosas Silver Project in Sinaloa, Mexico. Caldas Gold shared gold assays from the final ten diamond drill holes drill in the Marmato Deeps Zone at it Marmato Project in Caldas, Colombia.

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Exploration Results in Mexico from both Vizsla & SilverCrest

Vizsla Resources announced the latest results from the company’s exploration program at the Panuco silver-gold district in Mexico. SilverCrest Metals said it will be restarting exploration and development work at its Las Chispas Project in Sonora, Mexico by mid-May using strict COVID-19 protocols. Red Pine Exploration shared results from recent drilling which they say id a discovery of a new mineralized gold zone, beneath the Surluga Deposit on the Wawa Gold Project in Ontario. More drill results and financing news from Great Bear. The week's Oreninc Weekly Update.

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Latest M&A Confirms Gold Mining Bull Market

Lots of merger and acquisition news out this morning on the back of TMAC news from Friday. SSR Mining and Alacer Gold announced they have entered into a definitive agreement to combine in an at-market merger of equals. Adriatic Metals announced they have a binding letter agreement to acquire all the issued share capital of Tethyan Resource Corp. Gran Colombia Gold announced it has signed a definitive agreement to complete a business combination with Gold X Mining and then, in combination, acquire all of  Guayana Goldfields issued and outstanding shares. Exploration news from MacDonald Mines and Galway Metals. A new NSR for SolGold via Franco-Nevada.

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Reasons to be Bullish on Gold Miners and Explorers

The Hulbert Gold Newsletter Sentiment Index dropped from 70 early last week to 36 on Friday. We share new exploration results from Talisker, G2 Goldfields, & Skeena Resources. Cartier Resources shares its updated gold resource. Gold Standard Ventures shares its resource estimate from the Lewis Project. Production numbers from IAMGOLD and financing news out of the Oreninc Weekly Update.

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Silvercorp to Acquire Guyana Goldfields

Silvercorp Metals will acquire all of the issued and outstanding shares of Guyana Goldfields. Metalla Royalty and Streaming says it has entered into a share purchase agreement with Idaho Resources Corporation. An updated PEA for Seabridge Gold's KSM Project. Eric Sprott investing into MAG Silver. Probe now owns all of the Detour Quebec JV. Contact Gold closes financing.

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