Mining Report: Canadian Gold Companies Shining Bright in 2016

NEW YORK, May 11, 2016 /CNW/ - Gold prices start the week off down big after a late rally last week. This is the result of higher crude oil prices, which currently play a major role in the positive trend seen in global markets.

Gold prices are expected to trend higher once again however. A report by Bulliondesk indicates that demand for gold ETFs has significantly increased recently. ETF investors bought 39 tonnes of gold between April 29 and May 6, much more than the 14 tonnes the previous month. Clearly increased risk aversion at the early dates of May was an incentive for more long gold ETF positions, and for investors that have an appetite for risk aversion, Gold is a high risk high reward investment in this volatile market. Intact Gold Corp (TSX-V: ITG), Barrick Gold Corp. (TSE: ABX), B2Gold Corp. (TSE: BTO), IAMGOLD Corp. (TSE: IMG), Brazil Resources Inc. (TSX-V: BRI).      

Gold companies like Intact Gold Corp (TSX-V: ITG), has had a chance to be a part of this bullish trend for gold. Shares of this company in 2016 have increased roughly 50% post-split and up a whopping 600% pre-split.

Barrick Gold Corp. (TSE: ABX) hit a 52-week low of $7.89 late last year and just recently hit a high of $24.43 or representing a whopping 209%. Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75% of our gold production comes from the Americas region.

Another Canadian gold company B2Gold Corp. (TSE: BTO), has surged 272% from their 52-week lows. B2Gold Corp. is one of the fastest growing intermediate gold producers in the world. Since its inception in 2007, B2Gold has evolved into an international gold mining company, with four operating mines, one mine under construction and numerous exploration projects across four continents in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso.

IAMGOLD Corp. (TSE: IMG) are up roughly 195% from their 52-week lows as well. IAMGOLD is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities.  

Brazil Resources Inc. (TSX-V: BRI) on a bullish breakout surged almost 360% from their 52-week low. Brazil Resources Inc. is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil and other regions of the Americas. Brazil Resources is advancing its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the state of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada.

For "The Latest Buzz in Financial News", Please Visit: http://www.FinancialBuzz.com

About FinancialBuzz.com  

FinancialBuzz.com, a leading informational web portal and 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 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, TV 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 media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. 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. We do 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

SOURCE FinancialBuzz.com

Media contact: [email protected], [phone]