Today’s news comes out of British Columbia and touches on many gold companies with rising stock prices.
While some Canadian businesses may be feeling the jitters over the prospects of Britain leaving the European Union, Canadian gold mining companies and junior exploration companies are enjoying the prospect of a gold bull market.
Gold prices soared after the June 23 referendum, and gold company share prices along with it. B.C. gold miners have all been experiencing healthy spikes in their stock prices.
B2Gold Corp. shares spiked 12.23% on June 24, and rose another 5.13% on June 27. New Gold Inc. stock jumped 10.45% on June 24, but has since shed about 3%. Goldcorp Inc. and Eldorado Gold Corp. stock rose by 6.37% and 6.31% respectively on June 24. B.C.’s new darling junior gold miner, Pretium Resources Inc., saw its stock rise 9.82% over two days.
Gold is a safe haven investment, so as long as there is uncertainty in financial markets, it is likely to continue to be seen as a good place to park money.
It’s exciting to see gold prices rise and to see stock prices rise alongside. We are waiting for the days that our earthmoving equipment starts working hard again!
*All information for this story was taken from mining.com.