NEW YORK, February 9, 2017 /PRNewswire/ --

Gold continued its winning streak on Wednesday after it rose 2.5 percent last week, the biggest weekly gain since June 10. The price of the metal has increased by more than 8 percent this year, reversing a 13 percent decline at the last three months of 2016. Besides the current uncertainties about the future of our domestic economic policies, a weaker dollar and expectation for higher inflation also boosted the demand for the yellow metal. Inflation is expected to increase in 2017 due to new fiscal stimulus policies put in place by the new administration, including a tax cut and an infrastructure investment. K92 Mining Inc. (OTC: KNTNF) (TSX-V: KNT), Goldcorp Inc. (NYSE: GG), Newmont Mining Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: ABX), IAMGOLD Corporation (NYSE: IAG)

Zachary Karabell, head of global strategy at Envestnet, said in an interview on CNBC: "For years, gold was the inflation play and the fear play, and I would say that we probably had a bit of both over the past few months, regardless of what end of the political spectrum you're on…So the Fed raising rates in December, even though they didn't do anything this week, is an indication that there's some modest anticipation of inflation."

K92 Mining Inc. (OTCQB: KNTNF) (TSX-V: KNT) just this morning announced that, "it has commenced a major exploration program on EL's (Exploration Leases) 683 and 470 immediately to the north and west of the company's ML (Mining Lease) 150. The program is designed to follow up previous work on anomalous drainage sampling results which indicated that the mineralised structures present in ML 150 continued to the north across the Baupa River towards the processing plant. The field work commenced in late January and the first phase of the work will include:

-Establishment of an exploration camp close to the Kokomo Village

-Prospecting, sampling, mapping and assessment of the mineralised veins on the northern side of Baupa River.

-Mapping of the geology within the drainage systems and surface exposures, and linking them with the prospected veins.

-Conducting a ridge and spur soil sample survey for indications of anomalous geochemical dispersion from the auriferous veins across a select number of ridges and spurs.

-Trenching along the length of identified veins to establish widths, grades and strike extent

-Conducting a Land Boundary Survey concurrent with the field exploration work in close collaboration with the Community Affairs Department and knowledgeable Pomasi elders.

Although the Exploration Program is in very early stages, numerous quartz veins have been identified, which are potentially extensions of the known mineralised vein systems (Irumafimpa/Kora, Judd & Karempa) encountered within ML 150.

In addition a new vein system termed the "Kokomo Vein" has been identified in the main access incline striking north into the current exploration area. Initial samples from the Kokomo Vein within ML 150 have been assayed and have high grades of gold and silver as do multiple samples from potential extensions of the vein swarm onto EL 693.

Ian Stalker, K92 Chief Executive Officer and Director, states, "Much of this exploration area is situated between the existing Irumafimpa Mine and the Processing Plant, so any success in this area could have significant implications for the existing mining and processing operation. The initial results from the first two weeks of work are extremely encouraging and support the geological interpretation of the Exploration Team. The results are certainly impressive when one considers that despite its proximity to the mine and processing plant, no work has been carried out in this area previously. This really underlines the potential not only of the mine and known deposits but of all of the surrounding ground over which K92 holds Exploration Licenses covering some 400 km2."

Chris Muller, BSc, Geo, a qualified person under the meaning of Canadian National Instrument 43-101, has reviewed and is responsible for the technical content of this news release."

Goldcorp Inc. (NYSE: GG) has entered into a binding agreement with New Gold Inc. to which it has agreed to purchase 4 percent gold stream on the El Morro deposit for cash consideration of $65 million. The El Morro deposit is part of NuevaUnión, a 50/50 joint venture with Teck Resources that combines the Relincho and El Morro deposits. "The purchase of the stream from New Gold is consistent with our strategy of optimizing our portfolio to drive increasing net asset value per share," said David Garofalo, President and Chief Executive Officer.  "El Morro is a world-class deposit, located in one of the best mining jurisdictions in the Americas.  This stream unlocks further upside potential for our shareholders over the long-term. NuevaUnión is a unique project combining the expertise of two large-scale mining companies to jointly develop what is expected to be a low-cost, long-life asset.  It is also working to set a standard for community engagement, environmental responsibility and value creation."

Gold and copper producer, Newmont Mining Corporation (NYSE: NEM) has operations primarily in the United States, Australia, Ghana, Peru and Suriname. It has gold reserves of over 73.7 million ounces and an aggregate land position of over 20,000 square miles. It is also engaged in the production of copper, through Batu Hijau in Indonesia, Boddington in Australia and Phoenix in the United States. The North America segment consists of Carlin, Phoenix and Twin Creeks in the state of Nevada, and Cripple Creek &Victor in the state of Colorado, in the United States. The South America segment consists of Yanacocha in Peru. The Asia Pacific segment consists of Boddington, Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Africa segment consists primarily of Ahafo and Akyem in Ghana.

Barrick Gold Corporation (NYSE: ABX) has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. Barrick's five core mines in the Americas are expected to account for about 70 percent of its total production in 2016, at a cost of sales applicable to gold of $790-$840 per ounce, and all-in sustaining costs of $620-$650 per ounce. With an average reserve grade of 1.88 grams per tonne, is considered more than double that of its peer group average.

IAMGOLD Corporation (NYSE: IAG) 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. IAMGOLD is in a strong financial position with extensive management and operational expertise. The Company's mining activities in Canada include Doyon Division with Westwood Mine in Quebec and Cote Gold Project development project in Ontario.

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