Gold Prices React to Renewed Concerns Over the Ongoing Pandemic

NEW YORK, April 22, 2021 /PRNewswire/ -- The gold market continued to climb back towards the USD 1,800 an ounce mark on Wednesday, as precious metals benefited from a weaker U.S. dollar and lower bond yields. In part, renewed concerns about the virus helped prevent a rise in long-term bond yields with the 10-year Treasury note yield remaining at around 1.56%. Subdued government debt yields can boost appetite for precious metals which don't offer a coupon. "A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge," Lukman Otunuga, Senior Research Analyst at FXTM, told MarketWatch. "With concerns likely to rise over how this may impact the world's economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return." Exploits Discovery Corp. (CSE: NFLD) (OTC: RNRRF), Equinox Gold Corp. (NYSE: EQX), Kinross Gold Corporation (NYSE: KGC), Gold Resource Corporation (NYSE: GORO), Great Panther Mining Limited (NYSE: GPL)

The value of gold is difficult to predict, as it depends on many economic variables as well as on decisions made by the Federal Reserve. In addition, gold is often viewed as a safe haven in times of economic and political uncertainties. Economists and analysts note that weak inflation pressures could be a positive for gold prices. A report by Kitco from back in March also indicates that analysts have pointed out the latest inflation data gives the Federal Reserve some flexibility to provide more accommodative monetary policies.

Exploits Discovery Corp. (CSE: NFLD) (OTCQB: RNRRF) announced yesterday breaking news that, "the Company has received full permitting from the Newfoundland and Labrador Government for drilling the Quinlan Vein prospect at the Dog Bay Gold Project, Newfoundland.


  • Exploits has received diamond drilling permits for Nine holes totaling ~2,250 metres at the Quinlan Vein prospect, Dog Bay.
  • The drill program will focus on intersecting mineralization in the subsurface coinciding with high grade visible gold (up to 61.3 g/t Au) in several stacked 0.50 to 0.70 metre quartz veins. Visible gold can be seen exposed at surface within these veins; stacked across a width of 25m and a strike length of 20m before diving under overburden and remains open in all directions.
  • The company is fully funded for its 12,000m spring and summer drill programs and has received drill permits for four out of five targets; True Grit, Schooner, Quinlan Veins, and Little Johanna with one application pending for the Jonathan's Pond project.

Michael Collins, President and Chief Executive Officer of Exploits, commented: "With the drill permit now secured for our Quinlan Vein prospect, Exploits is pleased to now have received four of its five drill applications. The Quinlan Vein prospect is an impressive piece of land with high grade, visible gold samples at surface and we are looking forward to unlocking its potential with the drill. Our 2021 exploration plans are taking shape with boots on the ground work to refine these targets, culminating in our Phase I drill campaign in May."

About 2021 Diamond Drilling

Exploits has identified five discrete targets across their projects within the Exploits Subzone that are near drill ready status. These targets are the Quinlan Veins, True Grit, Little Joanna Veins, Schooner, and Jonathan's Pond. To date, drill permits have been approved for the Quinlan Veins, little johanna, Schooner, and True Grit prospects totalling 33 holes for a combined length of ~8,250 metres.

One drilling application is still pending and is expected to be through the approval process shortly.

Nine holes (2,250m) were approved for the Quinlan Vein prospect, targeting quartz veins with visible gold at surface, returning assays of up to 61.3 g/t Au and 189 g/t Ag. The Quinlan Veins are several 50 to 70 centimetre-wide quartz veins over a 25m wide zone, currently running 5 to 20 metres in strike length before diving under overburden cover. Visible gold was discovered as fine grains in crack seal fractures and as fine to coarse grains disseminated in the quartz veins. Structurally, the veins are situated within secondary fault structures, associated with the Appleton Fault zone, that were highlighted by GoldSpot Discoveries' (TSX.V: SPOT) ("Goldspot") geophysical analysis. The Quinlan Vein targets are deemed analogous to New Found Gold's Keats Zone due to the similarities in structural control and lithological host units…"

For our latest "Buzz on the Street" Show featuring Exploits Discovery Corp. recent corporate news, please head over to:

Equinox Gold Corp. (NYSE: EQX) announced on March 1st, that the Company has entered into an agreement with an affiliate of the Orion Mine Finance Group ("Orion") to acquire 10% from Orion's current interest in the Hardrock Mine Project (the "Hardrock Project") for consideration of USD 51 Million plus certain contingent payment obligations (the "Hardrock Transaction").  Christian Milau, CEO of Equinox Gold, stated: "We are extremely pleased to increase our stake in this world-class Canadian gold deposit located in one of the world's top mining jurisdictions. Hardrock will be a low-cost, long-life gold mine, bringing more than 240,000 attributable ounces of annual gold production to Equinox Gold when in production, with significant upside potential from near-mine exploration and underground development. We look forward to working with Orion to advance Hardrock to production, bringing long-term benefits to all stakeholders of the Hardrock Project and particularly First Nations and other communities in the Greenstone region of Ontario."

Kinross Gold Corporation (NYSE: KGC) announced last September, that it has entered into agreements to acquire a 70% interest in the high-quality Peak Gold project in Alaska from Royal Gold, Inc. ("Royal Gold") and Contango ORE, Inc. (OTCQB: CTGO) ("Contango") for total cash consideration of USD 93.7 Million. Kinross will have broad authority to construct and operate the Peak Gold project, with Contango retaining a 30% non-operating minority interest. "The relatively high-grade, low-cost Peak Gold project is an excellent addition to our portfolio, as it allows us to leverage our existing mill and infrastructure at Fort Knox and strengthens our medium-term production and cash flow profile. In today's gold price environment, Peak Gold is an attractive, high-margin project that is expected to generate robust returns," said J. Paul Rollinson, Kinross Gold President and CEO. "The project is also expected to add to our strong record of socio-economic contributions to our host communities in Alaska, one of the top mining jurisdictions in the world."

Gold Resource Corporation (NYSE: GORO) announced on February 2nd, that it has intersected additional mineralization up to 250 meters above current production area at the Don David Mine in Mexico With Intercepts Including 11.83 Meters Grading 17.56 G/T Gold and 10.04% Zinc-Lead Combined.  "I recently had the opportunity to visit the Don David Mine and see firsthand the impressive Switchback and Arista vein systems," stated Mr. Allen Palmiere, President and CEO of Gold Resource Corporation. "These drill results, which I expect will add resources to the mineral inventory, underscore the reasons for my attraction to Gold Resource Corporation and its highly prospective ground package. We are presently taking a holistic approach to understanding and further capitalizing on the foundations laid in the areas of safety, community relations, environmental stewardship, operational excellence and organic growth. These recent drill results support the Company's renewed commitment to invest in Oaxaca, Mexico. Our exploration team continues to do an excellent job working to expand the Don David Mine's high-grade mineralization."

Great Panther Mining Limited (NYSE: GPL) announced on January 14th, its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil, and Topia and the Guanajuato Mine Complex (GMC) in Mexico. "We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19.  Our teams in Brazil, Mexico, and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs," stated Rob Henderson, President and CEO. "The Mineral Reserve and Resource update for our flagship Tucano mine, announced in December, has allowed for an extension of the life of the Urucum and Taperaba pits, and the latest mine plan will see a transition to mining higher grades in 2022 and 2023. Exploration activity at Tucano in 2021 is planned to ramp up, with a focus on identifying regional opportunities, proving up the underground potential and expanding the existing open pits. In 2021, consolidated gold equivalent production from the Tucano, GMC and Topia mines is expected to be 135,000 to 150,000 Au eq oz."

Subscribe Now! Watch us report LIVE

Follow us on Twitter for real time Financial News Updates:

Follow and talk to us on Instagram:

Facebook Like Us to receive live feeds:

About, 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, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate 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: 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 (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. 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. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For exploits discovery corp. video production, filming editing, news reporting, financial and corporate news dissemination, has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or 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. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or 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., members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or 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. By accessing this editorial and 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 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 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:


Media Contact:


Cision View original content:


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.