FinancialBuzz.com: Economic Developments May Affect Gold Prices

NEW YORK, January 27, 2017 /PRNewswire/ --

Gold prices retreated from a two-month high as investors are bullish on the stock market. The Dow Jones Industrial Average closed above 20,000 for the first time on Wednesday. However, gold is still viewed as providing protection from economic uncertainties due to its enduring value. Earlier this week, gold price hit its highest level to $1,219.43 an ounce since Nov.22, driven by uncertainty the future economic developments in the U.S and Europe, as well as a weaker dollar. Back in 2016, gold traded higher when unexpected events happened such as the U.K.'s decision to leave the European Union, "Brexit". Concerns about a Eurozone break-up may be the biggest potential risk in 2017 as France, Germany and Netherlands will hold national elections. Rise Resources Inc. (CSE: UPP.CN) (OTC: RYES), McEwen Mining Inc. (NYSE: MUX), Gold Standard Ventures Corporation (NYSE: GSV), Northern Dynasty Minerals Ltd (NYSE: NAK), Vista Gold Corporation (NYSE: VGZ)

According to a research note from UBS, "We think this is warranted and see room for gold to extend upwards as markets digest uncertainty around U.S. fiscal policy. But gold has also recovered considerably and market uncertainty at this point could encourage investors to lock in whatever profits they can for now, especially as seasonal gold demand fades…We think gold's performance, as the typical Q1 seasonal demand fades, should provide a good gauge of investor sentiment towards gold at this point."

Rise Resources Inc. (OTC: RYES) (CSE: UPP.CN) is a junior mining company. The Company's principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Earlier this week Rise Resources announced that it has "purchased the Idaho-Maryland Gold Mine (the "I-M Mine") located near Grass Valley, California, USA. The I-M Mine is a major past producing high grade gold mine… Based on historic records, the I-M Mine produced a total of 2.4M oz gold at a grade of 15g/t after mining dilution and recovery. The I-M Mine was reportedly the second largest gold mine in the United States in 1941, producing up to 129,000 oz gold per year2 before being forced to shut down by the U.S. government in 1942. At that time, the government deemed gold mining as non-essential to wartime production and shut down almost all gold mines in order to reallocate miners, equipment, and supplies to increase production of base metals necessary for the war effort."

CEO of Rise Resources, Benjamin Mossman, commented, "We have been extremely fortunate to acquire what we believe is a Tier 1 gold deposit. The I-M Project was forced to shutdown due to WWII just when it was reaching its full potential. While other great gold deposits have been discovered and mined out over the last 70 years the I-M Mine has been frozen in time. We are excited by this unique opportunity and feel privileged to be a part of the rich history of the Idaho-Maryland Gold Mine."

Mining and minerals exploration company, McEwen Mining Inc. (NYSE: MUX) is focused on precious and base metals in Argentina, Mexico and the US. Its segments include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties. It owns El Gallo 1 gold mine in Sinaloa, Mexico and holds interest in Minera Santa Cruz S.A., owner and operator of the producing San Jose mine in Santa Cruz, Argentina. In addition to its operating properties, it also holds interests in exploration-stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar and Los Azules projects. Its Nevada exploration properties include within Gold Bar Complex, Tonkin Complex, Limo Complex and Battle Mountain Complex. It produces approximately 110,320 gold ounces and over 3,315,670 silver ounces for approximately 154,530 gold equivalent ounces.

Advanced stage gold exploration company, Gold Standard Ventures Corporation (NYSE: GSV) recently found northern extension of the North Bullion gold system 180 meters to the north of previous drill holes on its 100 percent owned and controlled Railroad-Pinion Project in Nevada's Carlin Trend. A reported four more core holes were completed in the 2016 program at North Bullion. Drill hole RR16-05 returned 19.8m of 4.40 grams gold per tonne which includes a higher grade interval of 5.3m of 7.02 g Au/t. This result follows RR16-01 which intersected 65.6m of 3.17 grams gold per tonne including a higher grade interval of 8.5m of 11.16 g Au/t located west-northwest of previous drilling.

Northern Dynasty Minerals Ltd (NYSE: NAK) owns 100 percent of the Pebble Project that's focused on copper-gold-molybdenum-silver deposits. The State of Alaska secured land including what is now Pebble, explicitly for its mineral potential. The Pebble deposit's current resource estimate includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb. copper, 70 million oz. gold, 3.4 billion lb. molybdenum and 344 million oz. silver; and 4.46 billion tonnes in the inferred category, containing 24.5 billion lb. copper, 37 million oz. gold, 2.2 billion lb. molybdenum and 170 million oz. silver. Quantities of palladium and rhenium also occur in the deposit.

Vista Gold Corporation (NYSE: VGZ) principal asset is its flagship Mt Todd gold project in Northern Territory, Australia where the company continues to work to identify opportunities to improve project economics with the goal of advancing the project toward development. Mt Todd contains more than 7.4 million ounces gold with significant exploration and district expansion potential across the project's more than 140,227 hectares of exploration licenses and mineral leases. The Mt Todd gold project is favored with an endowment of existing infrastructure.

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 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 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 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 as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated a total of fourteen thousand dollars for financial news dissemination and PR services by a third party non affiliate for rise resources inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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 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 the 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 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

For further information:
Media Contact: [email protected], +1-877-601-1879
Url: FinancialBuzz.com

SOURCE FinancialBuzz.com