NEW YORK, February 15, 2017 /PRNewswire/ --

Political uncertainties in the United States, Europe and expectations for higher inflation may continue to support gold prices, although the yellow metal was trading lower this past Monday, as U.S. dollar strengthened against most major currencies. Gold rose more than 1 per cent last week, marking its sixth weekly gains in the last seven weeks. Investors awaited Federal Reserve Chairwoman Janet Yellen's comments on Tuesday and Wednesday about any hints on the pace of interest rate hikes, which may have impact on gold price. Bravura Ventures Corp. (CSE: BVQ.CN) (OTC: BRVVF), Golden Star Resources Ltd. (NYSE: GSS), New Gold Inc. (NYSE: NGD), Eldorado Gold Corporation (NYSE: EGO), Northern Dynasty Minerals Ltd. (NYSE: NAK)

Dominic Schnider, UBS's commodity and Asia-Pacific commodity head, expects only two rate hikes from the Fed this year. He said in an interview with CNBC: "There's plenty of uncertainty out there… Inflation is going to accelerate faster than the Fed is going to hike rates; that's good for real assets. On top of it, we are looking for weak dollar on broad basis; that combination has a good tendency to boost prices."

Bravura Ventures Corp. (OTC: BRVVF) (CSE: BVQ.CN) is a mineral-exploration resource company, currently acquiring, and intends to begin exploring, the advanced exploration-stage Gold Projects.

Bravura Ventures Corp. just announced earlier this morning that it, "is pleased to announce the filing on SEDAR of a National Instrument 43-101 report on its Musgrove Creek gold project near Salmon, Idaho."

This report, titled "Musgrove Creek Project, December 2016 Summary Report", provides an independent comprehensive review of historical mining and exploration activity at Musgrove Creek, describes the geology as it is currently understood, and proposes a program for continued gold exploration and resource definition by Bravura during 2017.

Musgrove Creek is an advanced-stage exploration project for which Bravura controls a 100% operating interest1. The project contains an "historic" resource estimate at Johny's Point of 8 million tonnes at 1.22g/t Au at a gold cut-off of 0.8 g/t, for a total of 9,761 kg (313,822 oz) of gold at zero dilution. Originally modeled and calculated by David Makepeace, P. Eng. of Geospectrum Engineering in 2004 using Surpac International's Vision mining software package, and disclosed on SEDAR by prior operator Wave Exploration Corp., this resource calculation is now considered an "historic" resource as a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve (the historic resource was disclosed in a report titled "Technical Report on the Musgrove Creek Gold Project, Salmon, Idaho", by W. Gruenwald and D. Makepeace, February 25, 2004). Bravura intends to re-model the mineralization in the Johny's Point zone and calculate a new mineral resource upon completion of additional definition drilling and the acquisition of high-quality topography (LIDAR or orthophotography derived). Therefore, Bravura is not treating the historical estimate as current mineral resources or mineral reserves.

The new report states that: "The hydrothermal system at Musgrove Creek is strong and well mineralized, with significant discovery potential for economic gold deposit(s) with a silver credit." Accordingly, this report recommends that Bravura concentrate their near-term efforts towards establishing a new resource model and resource calculation at Johny's Point. This news release has been reviewed and approved by Robert M. Hatch, an independent QP for Bravura on Musgrove Creek, and the author of the new 43-101 report."

Golden Star Resources Ltd. (NYSE: GSS) is an established gold mining company that owns and operates the Wassa and Prestea mines situated on the prolific Ashanti Gold Belt in Ghana, West Africa. Golden Star is able to transform into a high grade, low cost gold producer with strong exploration upside potential. The Wassa Underground Gold Mine commenced commercial production in January 2017 and the Prestea Underground Gold Mine is expected to achieve commercial production in mid-2017. Gold production in 2017 is expected to be 255,000-280,000 ounces with cash operating costs of $780-860 per ounce.

New Gold Inc. (NYSE: NGD) announced that the company has entered into a binding letter agreement with Goldcorp Inc. to sell the company's gold stream on the El Morro project to Goldcorp for $65 million cash. The Transaction will provide New Gold with additional liquidity as the company advances the construction of its Rainy River project, which is scheduled to commence production in September 2017. "Our interest in El Morro has generated significant value for our company over the last several years," stated President and Chief Executive Officer of New Gold, Hannes Portmann. "The sale of the stream allows us to realize $65 million from an asset that is not a core part of our portfolio to support our key, near-term growth project at Rainy River."

Eldorado Gold Corporation (NYSE: EGO) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. In Turkey, the company has two operating mines, Kişladağ and Efemçukuru, producing just under 310,000 ounces of gold in 2016. The company operates one mine in Greece, a small silver-lead-zinc deposit called Stratoni. The company has three development projects in Greece: Olympias which is being re-developed in phases, Skouries a high-grade gold-copper porphyry deposit and Perama Hill, an epithermal gold-silver deposit. Eldorado is advancing the Certej project in Romania.

Northern Dynasty Minerals Ltd. (NYSE: NAK) is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project. The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles southwest of the city of Anchorage. The property consists of approximately 2,400 mineral claims and is situated over 1,000 feet above sea-level and approximately 60 miles from tidewater on Cook Inlet. The Company is in the process of exploring and developing the Pebble Project.

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