NEW YORK, January 9, 2017 /PRNewswire/ --

The U.S economy is stronger now than it has been since the 2008 recession. The recent jobs data published on Friday shows that even-though job creation slowed down in December, wages have increased the most since the recession, indicating that the Federal Reserve has a strong argument to push for more rate hikes in the new year. Higher rates, usually are not a good sign for gold prices, as gold has to compete with yields providing investments when borrowing costs rise. On the other hand, the new data shows that inflation is possibly rising once again. Therefore, looking to the future, the value of gold has support. George Gero, managing director at RBC Capital Management explained that rising inflation "may support gold, as some investors buy the precious metal when consumer prices rise, believing it will hold its value better than other assets." The Wall Street Journal reported. Bravura Ventures Corp. (OTC: BRVVF) (CSE: BVQ.CN), IAMGOLD Corporation (NYSE: IAG), Eldorado Gold Corporation (NYSE: EGO), Gold Fields Limited (NYSE: GFI), New Gold Inc. (NYSE: NGD)

A senior economic advisor at Rosland Capital LLC, Jeffrey Nichols, has indicated recently, that the price of gold will also be influenced by demand from overseas. "What matters isn't only US economic activity and policy, but factors that influence demand in other major market areas, in Europe, in Asia, particularly in China and India, where the driving forces can be much different from what we think here in North America." He said.  About China and India Nichols claims, "Both countries have significant cultural and social affinity to holding gold as form of investment and savings by many people in both countries but for different reasons. We think that's going to continue."

Bravura Ventures Corp. (OTC: BRVVF) (CSE: BVQ.CN) is a mineral-exploration resource company with a primary focus on advanced stage gold projects within North America. The Company is currently acquiring, and intends to begin exploring, the advanced exploration-stage Gold Projects. Earlier in December Bravura Ventures announced provide an exploration update for its Musgrove Creek Gold Project located in Lemhi County, Idaho. Bravura has submitted a 'Plan of Operations' application to the U.S Forestry Service requesting permission to build drill roads and sites for a forthcoming exploration and definition drilling program.

According to the company, "The U.S Forestry Service in Idaho reviews and approves exploration permits on the lands they manage, with Bravura's Musgrove Project falling under such jurisdiction. The application is expected to be finalized in the spring of 2017, as the Forest Service has stated that field reviews by their specialists that were completed for prior Plan of Operations submissions should be adequate for this application. The application will be subject to routine public notice periods.

Proposed operations under the application maybe conducted over a three-year period, thus allowing for a flexible drilling program and one that could span multiple field seasons. Proposed operations include the reopening of a total of approximately 2,045 metres of previously-constructed and reclaimed drill roads, the construction of a total of approximately 470 metres of completely new road, and the construction of a total of 14 drill sites each approximately 6 metres by 12 metres in area. As many as 3 drill holes per site may be drilled at each site, for a possible total of up to 42 holes and 12,800 metres of total drilling."

IAMGOLD Corporation (NYSE: IAG) recently reported the acquisition of Merrex Gold Inc., a junior mineral exploration company. "This agreement consolidates the ownership of a key asset in IAMGOLD's exploration pipeline," said Steve Letwin, IAMGOLD's President & CEO.  "The IAMGOLD exploration team, led by Craig MacDougall, working in concert with Merrex on the Diakha-Siribaya project in Mali has done an outstanding job over recent years to define indicated resources of 2.1 million tonnes grading 1.90 g/t Au for 129,000 ounces and inferred resources of 19.8 million tonnes grading 1.71 g/t Au for 1.1 million ounces.  Mali is a prolific mining friendly jurisdiction and is where IAMGOLD began nearly 25 years ago at the Sadiola project which, along with its neighboring Yatela mine, has already produced over 7.5 million ounces of gold."

Global gold mining company, Eldorado Gold Corporation (NYSE: EGO) has indeterminately cancelled expansion plans for its Kisladag mine in Turkey and delayed a decision on developing a project in Brazil, citing lower gold prices. "While the deferral of the Kisladag expansion and Tocantinzinho project reflect the company's focus on free cash flow under a lower gold price assumption, some investors may look at the lower production negatively depending on their gold price outlook," RBC Capital Markets analyst Dan Rollins said in a note to clients. The company owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine.

Gold Fields Limited (NYSE: GFI) is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has about eight mines located in South Africa, Ghana, Australia and Peru. It operates through four segments: South Africa, Ghana, Australia and Peru. Its South African operation is South Deep. Gold Fields also owns the St. Ives mine, the Agnew mine and the Yilgarn South Assets in Australia and has an interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. Gold Fields also owns an economic interest in the Cerro Corona mine. In Peru, Gold Fields also produces copper.

Canada-based intermediate gold mining company, New Gold Inc. (NYSE: NGD) is engaged in the development and operation of mineral properties. The Company has operating mines in Canada, the US, Australia and Mexico and development projects in Canada. The Company's segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. The Company's development projects include Rainy River and Blackwater projects, both in Canada. The Company's Rainy River project is a gold project situated in Richardson Township, approximately 60 kilometers northwest of Fort Frances in Northwestern Ontario. The Company's Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George and over 110 kilometers southwest of the town of Vanderhoof, in Central British Columbia. Its entire Blackwater properties total approximately 230 mineral claims covering an area of over 1,046.78 square kilometers.

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