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
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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SPDR Gold Shares ETF Drops 6%
- Market Performance: Gold shares have slid by 6%, indicating a downturn in the market for these assets.
- Investor Sentiment: The decline in gold shares may reflect changing investor sentiment and market conditions.
Kinross Gold Declines 6.6%, Gold Fields Decreases 5.4%, AngloGold Ashanti Decreases by 8.1%
Kinross Gold Decline: Kinross Gold's stock has dropped by 6.6%, indicating a significant decrease in market value.
Gold Fields Performance: Gold Fields has experienced a decline of 5.4%, reflecting challenges in its operational performance.
AngloGold Ashanti Fall: AngloGold Ashanti's stock has fallen by 8.1%, suggesting ongoing difficulties within the company.
Overall Market Trends: The declines in these gold companies highlight a broader trend of decreasing stock values in the gold mining sector.