White Gold Corp. Announces Significant Increase in Mineral Resources to 1,203,000 oz Gold Indicated and 1,116,600 oz Gold Inferred at the White Gold Project, Yukon, Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
0mins
Source: Newsfilter
Updated Mineral Resource Estimate: White Gold Corp. announced a significant increase in gold resources at its flagship project, with 1,203,000 ounces in Indicated Resources and 1,116,600 ounces in Inferred Resources, marking an 18.5% rise in inferred and a 4.3% rise in indicated resources compared to the previous estimate.
Exploration Potential: The deposits are near surface and open for expansion, with additional targets nearby that could further increase total resources, supported by strategic partners like Agnico Eagle Mines and Kinross Gold Corporation.
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Analyst Views on KGC
Wall Street analysts forecast KGC stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 31.000
Low
33.00
Averages
41.74
High
54.00
Current: 31.000
Low
33.00
Averages
41.74
High
54.00
About KGC
Kinross Gold Corporation is a gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its operations and projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Tasiast, and the Great Bear project, among others. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is an open-pit mine located in Nevada. Paracatu is a cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. The Tasiast mine is an open-pit operation located in northwestern Mauritania. The La Coipa mine is located in the Atacama region in Chile. The Great Bear is a development project in Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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