Gold Prices Influenced by Political Uncertainties

News provided by

Feb 09, 2017, 07:45 ET

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

Gold continued its rally on Wednesday as investors consider gold as safe-haven asset amid the economic policy uncertainties in the U.S. and sending the yellow metal to the highest prices in almost three months. The new U.S. presidential administration delivered several policies in its first two weeks in office, including ending the Trans-Pacific Partnership trade deal, committing to build a Mexican border wall and signing an executive order about immigration ban. Concerns about the underlying impacts of said policies on the economy have been driving the demand for gold. Golden Dawn Minerals Inc. (OTC: GDMRF) (TSX-V: GOM), B2Gold Corporation (NYSE: BTG), Eldorado Gold Corporation (NYSE: EGO), Kinross Gold Corporation (NYSE: KGC), Alamos Gold Inc. (NYSE: AGI)

David Roche, the president and global strategist at Independent Strategy Ltd., expected gold to rise to $1,300 an ounce. In an interview with Bloomberg he stated, "The amount of political risk being created by this new U.S. president and administration is going to create an enormous amount of international tension and uncertainty, and will probably result in a trade war at least with China and possibly other areas."

Golden Dawn Minerals Inc. (OTC: GDMRF) (TSX-V: GOM) just announced earlier today that it, "has completed a Gold Purchase Agreement with RIVI Capital LLC, (see news release Jan 3, 2017). Golden Dawn has confirmed receipt of US$3,000,000 or CDN$ 3,958,977.69 and will receive a further US$1,000,000 or CDN $1,310,000 by the week of Feb 20^th, 2017. The Company is pleased to have RIVI as a partner and furthermore, effective immediately, Mr. Kevin Puil has agreed to join the board of directors of Golden Dawn. Kevin is an asset manager with more than 20 years' experience managing investments.

Mr. Puil is currently Managing Partner at RIVI Capital LLC, a mining focused private equity firm based in San Francisco. Prior to that, he held senior positions at several firms including Senior Analyst at the Encompass Fund in San Francisco, and at Bolder Investment Partners in Vancouver (now Haywood Securities), where he was a Partner and Portfolio Manager.

Kevin currently serves as a Director and member of the Audit Committee of three Toronto Stock Exchange companies. He holds a degree in Economics from the University of Victoria in British Columbia, and is a Chartered Financial Analyst (CFA) charter holder. We welcome Mr. Puil to our team to add his considerable expertise in our industry. The Company also wishes to announce that Mr. Fred Jones has resigned as a Director of the Company with immediate effect to allow the company to appoint Kevin Puil. The remaining directors, management and staff would like to thank Mr. Jones for his valuable contribution to the Board. We wish him all the best in his future endeavors."

B2Gold Corporation (NYSEMKT: BTG) announced fourth quarter and full-year 2016 gold production and revenue as well as production and cash cost guidance for 2017. Highlights for its fourth quarter includes consolidated gold production of 140,651 ounces which is 7 percent greater than the same period in 2015, and gold revenue of $181.2 million on record sales of 151,524 ounces at an average price of $1,196 per ounce. Highlights for 2016 full-year for its Masbate Mine achieved 17 percent higher than 2015, Otjikoto Mine is 14 percent higher than 2015, and record annual consolidated gold revenue of $683.3 million on record sales of 548,281 ounces at an average price of $1,246 per ounce.

Eldorado Gold Corporation (NYSE: EGO) activities span two continents, which are Europe and South America and its operating gold mines are in Turkey. The company also operates a silver-lead-zinc mine in Greece. Its diversified portfolio includes flexible development options from five projects. Eldorado Gold is known for operating successfully in non-mainstream jurisdictions and strategically invests in under-explored, highly-prospective areas that provide organic growth potential and access to high quality assets. The company's flagship mine, Kisladag, is the largest gold mine in Turkey.

Kinross Gold Corporation (NYSE: KGC) is a senior gold mining company with a diverse portfolio of mines and projects in the United States, Brazil, Chile, Ghana, Mauritania, and Russia. The company owns the Maricunga mine, Paracatu mine, Tasiast mine and the Chirano. It also produces and sells silver. As of December 31, 2015, its proven and probable mineral reserves included 34.0 million ounces of gold, 41.0 million ounces of silver, and 1.4 billion pounds of copper.

Alamos Gold Inc. (NYSE: AGI) is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America, including the Young-Davidson Mine in northern Ontario, Canada, and the Mulatos and El Chanate Mines in Sonora, Mexico. The Company has a leading growth profile with exploration and development projects in Mexico, Turkey, Canada and the United States and is committed to the highest standards of sustainable development. Alamosʼ core focus as a gold producer is to be a leader in growing low-cost production, a leader in financial performance, and a leader in delivering shareholder value. Alamos has consistently achieved these key objectives throughout its history and they remain the focus of its strategy going forward.

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 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 ten thousand dollars for financial news dissemination and pr services by a third party non affiliate for golden dawn minerals 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: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com