NEW YORK, Sept. 6, 2016 /CNW/ - Federal Reserve Chair Janet Yellen gave an important speech recently, claiming that the case for an interest rate increase had grown stronger. This is due to strong jobs reports in recent month and higher consumption rates within the United States. Yet, even though the state of the economy was approached with optimism by the FOMC, soon after new reports have shown that uncertainty still weighs on the market and the Dollar. Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), IAMGOLD Corp. (IMG.TO), Bravura Ventures Corp (BVQ.V), B2Gold Corp. (BTO.TO), K92 Mining Inc (KNT.V), IAMGOLD Corp (IMG.TO)
Economic data showed that U.S manufacturing has fallen According to the National Bureau of Labor Statistics. Alongside those figures, the U.S. economy added 151,000 jobs in August, falling short of analyst estimates for 180,000. These unexpected developments pushed the dollar down and provided incentive for gold prices to rebound. Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ) surged by more than 10%, the Junior Gold Miners ETF increased in value by about 140% year to date.
Bravura Ventures Corp (TSX-V: BVQ) announced that the company entered into an option agreement dated September 2, 2016 (the "Agreement") with Soleil Gold Corp. ("Soleil") to acquire an undivided 100% interest in and to certain mineral properties, together with the surface rights, mineral rights, personal property and permits associated therewith (collectively, the "Musgrove Creek Property" or the "Property"), located in Lemhi County, Idaho.
Bravura Ventures Corp stated that, Musgrove Creek is an advanced gold exploration project located in Lemhi County, Idaho. Musgrove Creek contains a NI 43-101 Inferred Mineral Resource estimate of 8 million tonnes at 1.22 g/t Au (0.036 oz/ton) at a gold cut-off of 0.8 g/t (0.023 oz/ton). This is equivalent to 9,761 kg (313,822 oz) of gold at zero dilution (Gruenwald and Makepeace, 2004).
B2Gold Corp. (TSX: BTO) gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Shares of the company, similarly to the Junior Gold Miners ETF slightly declined during August, yet picked up again about 9% after the manufacturing data was published.
K92 Mining Inc. (TSX-V: KNT) and IAMGOLD Corp (TSX: IMG) are booth exploration-stage company. K92 Mining is engaged in the business of exploration, development and exploitation of mineral resources in Canada. The Company's segment operates through the mineral property explorations in Canada. IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe. Shares of both companies jumped about 150% year to date.
For "The Latest Buzz in Financial News", SIGN UP & Visit: http://www.FinancialBuzz.com
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
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 branding, marketing and advertising for third parties for disseminating 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 visit: http://www.financialbuzz.com
For further information: Media Contact: Danny A., email@example.com, +1-877-601-1879