Mississauga, ON -- (SBWIRE) -- 04/21/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Barkerville Gold Mines Provides Outlook and Corporate Update for 2016."
Companies mentioned in this article include Market Vectors Gold Miners (ETF) (NYSE ARCA:GDX), Barrick Gold Corporation (TSX:ABX) and Barkerville Gold Mines Ltd. (TSX-Venture:BGM).
It has been a phenomenal year for gold mining companies so far. After struggling for the last few years amid low prices, gold mining stocks have rebounded sharply in 2016.
In 2014 and 2015, mining stocks struggled as gold prices fell sharply. Gold prices dropped as the Federal Reserve began to tighten its monetary policy after years of easing. However, in 2016, volatility in global markets has boosted gold prices. While prices are still well below the levels they were at in 2011 when the Fed was printing money under its quantitative easing, they have bounced back enough to significantly improve the outlook of gold mining companies.
Not surprisingly, gold mining stocks have rallied this year. Year-to-date, the Market Vectors Gold Miners (ETF) (NYSEARCA:GDX), whose components include gold mining companies such as Barrick Gold Corporation (TSX:ABX), has gained more than 68%.
This morning, Barkerville Gold Mines Ltd. (TSX-Venture:BGM), a Toronto-based company engaged in the exploration and production of mineral properties located in the Cariboo Mining District in east-central British Columbia, provided an update on its forthcoming exploration program and small scale production plans, as well as a summary of recent activities with respect to optimizing the Cow Mountain Resource.
The full version of this article can be found at:
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