Gold is in the Spotlight After Recent Political Developments

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

Gold price rose on Wednesday as report said the Senate is considering to postpone the tax reform plan. Gold Spot rose 0.54 percent to $1,282 per ounce during the Wednesday trading session. While U.S. Gold future for December delivery was up 0.56 percent to $1,283 per ounce. According to an article from the Washington Post, the Senate Republican leaders were exploring a delay in the implementation of a corporate tax cut until 2019. The U.S. dollar weakened against major currencies on Wednesday after the news. The U.S. dollar index fell 0.06 percent to a three-month low at 94.85. Gold price is sensitive to the U.S. dollar as a weaker dollar makes other currencies holders cheaper to buy dollar-denominated commodities. Bonterra Res Inc. (OTC: BONXF), Harmony Gold Mining Company Limited (NYSE: HMY), Yamana Gold Inc. (NYSE: AUY), Asanko Gold Inc. (NYSE: AKG), B2Gold Corp. (NYSE: BTG).

The yellow metal has gained 11.75 percent this year. According to an article from Kitco News, Macquarie Group said in a recent report that gold may hit $1,400 in 2018. "Yes, the Fed will have to raise rates - growth remains higher than trend - but this is becoming true elsewhere," the bank said. "Crucially we think the dollar is more likely to weaken than strengthen pre-2014 levels are perfectly achievable. And political risk factors - an unpopular president unable to match up to his domestic promises and facing complex and potentially unsolvable foreign problems - are also be in gold's favor."

Bonterra Res Inc. (OTC: BONXF) is also listed on the TSX Venture Exchange under the ticker 'BTR'. Earlier today the company just announced breaking news that, "the ongoing Resource Development Program in and around the Gladiator Gold Deposit has successfully increased the width of the Main Zone and extended the strike length of multiple gold-bearing horizons. The results from the current drilling campaign continue to expand the size and further confirm the continuity of the Gladiator Gold Deposit. Noting the aggressive drill program at Gladiator, assays from multiple drill holes are pending in lab, and the Company anticipates additional drill results in the near future.

Highlights and Observations:

- Results from six (6) recent drill holes have increased the width of the Main Zone and have extended the strike length of the Footwall and North Zones.

- Hole BA-17-38 extends the North Zone down plunge to 700 m below surface with 4.0 m of 7.3 g/t Au including 24.8 g/t over 1.0 m.

- Hole BA-17-38 increases width and grade down plunge in the Main Zone with 9.4 m of 8.2 g/t Au at 800 m depth.

- Hole BA-17-37 confirms the eastern continuity of the South Zone with 1.5 m of 17.6 g/t Au at 500 m depth.

- Hole BA-17-39B extends the Footwall Zone to the east below surface with 5.0 m of 11.5 g/t Au at 500 m below surface.

- To date, continuity of mineralization is now confirmed over a total drilled strike length on at least two horizons (Main and Footwall) of 1,200 m, as well as a drilled depth of 1,200 m. Please see http://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

Nav Dhaliwal, CEO and President, stated, "We continue to establish the Gladiator Gold Deposit as a very large gold system, with multiple parallel gold horizons that continue to be expanded along strike and also appear to show signs of increased width, as shown in hole BA-17-38, where 8.2 g/t Au over 9.4 m was intersected. Since 2011, approximately 88,500 m of drilling has been completed at the Gladiator Gold Deposit, which includes over 40,000 m so far in 2017. As we approach our winter drill program, we are looking to expand up to six drill rigs to ensure we continue our expansive resource development program. Because of our continued drilling success over the last two years at Gladiator, we have a high level of confidence that in 2018, we will be in a position to significantly upgrade the size of the geological model and complete a sizable mineral resource update." Bonterra Resources Quick Facts:

- Well financed with $40 million raised in 2017.

- Gladiator Gold Deposit:

- Deposit extension and resource expansion underway utilizing minimum of four drill rigs with 50,000 m planned in 2017;

- Drilled dimensions of the Gladiator Deposit are currently outlined to a depth of 1,200 m below surface, and a strike length of 1,200 m;

- Gladiator remains open in all directions with drilling currently focused on the Rivage Gap western side, new north and south veins infill and exploration in and around the Coliseum Gold Zone;

 - At least five distinct subparallel zones or mineralized horizons have been identified.

- Larder Lake Gold Property:

- 100% controlled 2,221-hectare in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource);

- Excellent access to three high grade gold deposits between Kirkland Lake and Virginiatown. Robert Gagnon, P.Geo., has approved the information contained in this release. Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.

Harmony Gold Mining Company Limited (NYSE: HMY) has announced on October 19th, that it has entered into a definitive agreement ("Transaction Agreement") with AngloGold Ashanti Limited ("AngloGold Ashanti") to acquire the underground mine Moab Khotsong, which incorporates the Great Noligwa underground mine and related infrastructure from AngloGold Ashanti for a consideration of US$300 million in cash (the "Transaction"). "Buying Moab Khotsong means we boost our cash flows by more than 60%, increase our average overall underground recovered grade by 12% and grow our South African underground resource base by 38%. The Transaction benefits all our stakeholders. It creates value for our shareholders, preserves jobs and sustains the surrounding mining communities with the potential to significantly extend the life of mine of the Moab Khotsong operations. We believe the South African gold mining environment creates opportunities which Harmony has chosen to capitalise on," Peter Steenkamp, chief executive officer of Harmony said.

Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina. On October 26th, Yamana Gold reported its financial and operational results for the third quarter 2017. The Company had a strong third quarter, building on the operational results delivered in the first half of the year. Full year production guidance for the Company's six producing mines has been increased to 960,000 ounces of gold, 5.0 million ounces of silver and 125.0 million pounds of copper, representing increases since the beginning of the year of 40,000, 260,000 and 5.0 million, respectively.

Asanko Gold Inc. (NYSE: AKG) vision is to become a mid-tier gold mining company that maximizes value for all its stakeholders. The Company's flagship project is the multi-million-ounce Asanko Gold Mine located in Ghana, West Africa. On September 22, 2017, the company announced it has acquired ownership of the Miradani Mining Lease, which is adjacent to the Asanko Gold Mine in Ghana, West Africa from AngloGold Ashanti. Covering an area of approximately 15 km2, the Miradani Project is on an existing mining lease (valid until May 2025) which will enable potential mineral resources to be accelerated to production. The northern boundary of the concession is located approximately 5.5 km south of the AGM's processing plant on the NE-SW Asankrangwa structural corridor. The underexplored Asankrangwa Gold Belt is about 7 km wide and over 50 km long. The area is highly prospective with multiple geochemical anomalies aligning with the structures interpreted from the airborne VTEM and magnetic surveys completed by Asanko in 2015. Asanko holds the largest land package on this Belt and it hosts all of the Company's 5.1 million ounces of reserves.

B2Gold Corp. (NYSE: BTG) is one of the fastest-growing intermediate gold producers in the world. Founded in 2007, today, B2Gold has five operating gold mines and numerous exploration and development projects in various countries including Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland. Recently, the company announced its operational and financial results for the three and nine months ended September 30, 2017. Consolidated gold production was 135,628 ounces, including 6,340 ounces of pre-commercial gold in-circuit production from Fekola, exceeding (original) budget by 2% (or 2,254 ounces) and reforecast production by 15% (or 17,372 ounces). Consolidated gold revenue was $154.1 million on sales of 121,597 ounces at an average price of $1,267 per ounce.

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