NEW YORK, April 13, 2017 /PRNewswire/ --

The price of Gold hit five-month high on Wednesday at 1,286.29 per ounce, as rising global tensions mount. The yellow metal is now trading near the highest level since the presidential election in November 2016. Concerns about global geopolitical conflicts, along with the upcoming French elections continued to drive the demand of gold. The price of gold slumped in November 2016, but has rebounded since mid-December, or gaining more than 10 percent year to date. Kenadyr Mining Holdings Corp. (TSX-V: KEN), Nevsun Resources Ltd. (NYSE: NSU) (TSX: NSU.TO), Eldorado Gold Corp. (NYSE: EGO) (TSX: ELD.TO), Yamana Gold Inc. (NYSE: AUY) (TSX: YRI.TO), B2Gold Corp. (NYSE: BTG) (TSX: BTO.TO)

Gold is often viewed as safe-haven asset in times of geopolitical and financial turmoil. Gold price surged on Tuesday due to the growing tensions between the United States and North Korea. The Asian country warned of a nuclear attack on the United States if provoked. In addition, the upcoming presidential election in France deepened the concerns about political stability. The first-round of voting will be on April 23rd and investors are concerned that an unexpected result may lead to the destabilization of the European Union. Focusing on continued global concerns, the conflicts in the Middle East also have been an influence. Natixis precious metals analyst Bernard Dahdah explained, according to a report by Reuters, "Tensions in the Middle East haven't receded and various other geopolitical stories can be put together which help support the price of gold.... But typically (safe-haven buying) will not have an impact on the long term on gold."

Kenadyr Mining Holdings Corp. (TSX-V: KEN) on March 31st announced that, "It has commenced trading today on the TSX Venture Exchange with the symbol TSXV: KEN. Kenadyr has no debt, approximately $8.5 million in cash, a strong institutional shareholder base and a management team with extensive in-country operational experience and merger and acquisition expertise.

Kenadyr's Bourbai project comprises a 100% owned exploration license covering a contiguous 164 square kilometer land package that encircles the Zigin/Kyrgyz/Altyn newly constructed and operational Taldy-Bulak Levoberejnv Mine ('TBL Mine') which was built at a cost of USD $296-million, in northern Kyrgyz Republic.

Zijin, the majority owner of the TBL Mine, is one of China's largest gold producers, second largest copper and zinc producer, as well as a major producer of tungsten and iron ore. In 2015, Zijin's sales revenue and net profit attributable to the parent company reached USD $11.44 billion and USD $255 million respectively, ranking 1st and 2nd respectively among 14 major global public gold miners (source: Zijin website). According to a news release published by Zijin Mining Group Co. Ltd. on Aug. 15, 2011, the national resources table of Kyrgyz Republic stated that the Taldy-Bulak Levoberejny field contains (C1 plus C2) 8,906,100 tonnes of gold ore (the average grade is 7.23 grams per tonne) and the gold metal volume is 64,420.5 kilograms, among which, the C1 grade (initial mining reserve) is 4,949,754 tonnes of gold ore (the average grade is 7.02 grams per tonne) and the gold metal volume is 34,754.6 kilograms."

Nevsun Resources Ltd. (NYSE: NSU) (TSX: NSU.TO) is the 100% owner of the high-grade copper-gold Timok Upper Zone in Serbia and 60% owner of the high-grade copper-zinc Bisha Mine in Eritrea. On April 4th the company announced new assay results from on-going drilling at Harena.  These results include in-fill drilling of large gaps in the resource model, as well as new results from the testing of Harena at depth. Nevsun is also pleased to report that the 6,386 line kilometer VTEM (Versatile Time Domain Electromagnetic) airborne survey has been completed over an 825 square kilometer licensed area at Bisha. Cliff Davis, Nevsun CEO, commented, "The new drilling demonstrates that the already sizeable Harena resource extends 150 meters beyond its currently modelled limits, further enhancing the potential for underground mining.  We are particularly encouraged by the increasing copper content which indicates the mineralizing system is strengthening."

Eldorado Gold Corp. (NYSE: EGO) (TSX: ELD.TO) announced recently that it has received multiple tenders for significantly better concentrate sales terms for material produced beyond 2017. Under the new sales terms, gold payability rates have increased from 58% up to a maximum of 71%, which is expected to result in an increase of approximately 15,000 ounces of payable gold production per year. Annual Phase II production is now estimated to be approximately 85,000 ounces of gold (from 72,000 ounces per year previously) plus approximately 55,000 ounces of gold equivalent production. 

Yamana Gold Inc. (NYSE: AUY) (TSX: YRI.TO) back in October 2016 has announced that it has completed the sale to Premier Gold Inc. ('Premier') of its Mexican subsidiaries through which the Mercedes mine is held. Pursuant to the transaction, the Company received total consideration of $122.5 million in cash plus shares, equity securities and net smelter return royalties having an additional value of approximately $22 million. The marketable securities received include 6 million common shares of Premier and 3 million common share purchase warrants of Premier that are exercisable at C$4.75 per common share for 24 months. The Company also received a 1.0% net smelter return royalty on the Mercedes mine, that becomes payable upon the earlier of six years from the completion of the sale and the date upon which cumulative production of 450,000 ounces of gold equivalent from Mercedes has been achieved, as well as a 2.0% net smelter return royalty on the La Silla property in Sinaloa, Mexico and the La Espera property in Sonora, Mexico.

B2Gold Corp. (NYSE: BTG) (TSX: BTO.TO) announced this February, the positive exploration results for its Kiaka and Fekola projects in West Africa (Burkina Faso and Mali, respectively). All dollar figures are in United States dollars unless otherwise indicated. Following recent successes by the regional exploration programs in Burkina Faso and Mali, B2Gold has budgeted $19.95 million in 2017 for ongoing exploration of the Company's West African projects, an increase of $2.65 million over the 2016 budget.

Please SIGN UP NOW at http://www.FinancialBuzz.com  To Receive Alerts on Trending Financial News from all these companies. 'The Latest Buzz in Financial News'

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz

About FinancialBuzz.com   

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com  (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated up to twenty thousand dollars for 1 month of financial news dissemination and pr services by a third party non affiliate for Kenadyr mining holdings corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

            Media Contact: 
        info@financialbuzz.com 
        +1-877-601-1879 

 

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com