Latest Reports on Market Movers Lithium Americas, Golden Star Resources, B2Gold, and Great Panther Silver

NEW YORK, NY / ACCESSWIRE / November 1, 2016 / Canadian markets rose slightly to open the week Monday as gains by Financials and Materials sectors more than offset a sharp decline by the Energy sector. The S&P/TSX Composite Index increased 0.01 percent to close at 14,787.40, while the S&P/TSX Venture Composite Index posted a decline of 0.39 percent to close at 772.78. The Energy sector was the biggest loser of the day with a decline of 1.67 percent, while the Financials and Materials sectors posted gains of 0.25 percent and 1.74 percent, respectively.

Gold prices were flat on Monday after investors took profits from the precious metal’s rally Friday. Gold for December delivery closed at $1,277.90 a troy ounce, a gain of 0.38 percent, on the Comex division of the New York Mercantile Exchange.

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Lithium Americas Corp. (TSX: LAC)

Get Your Up-To-Date Lithium Americas Research Report at www.rdinvesting.com/company/LAC.

Lithium America’ shares spiked 5.56 percent to close at C$0.76 a share Monday. The stock traded between C$0.72 and C$0.78 on volume of 477,303 shares traded. On October 17th, analysts at Canaccord Genuity reaffirmed their speculative buy rating on Lithium Americas in a research note. The Company is developing the Cauchari-Olaroz Lithium Project, located in Jujuy province, Argentina, in a joint venture with SQM, and the Lithium Nevada project in Nevada, USA, with the intent to become a major supplier of lithium products. Shares of Lithium Americas have gained approximately 108.2 percent year-to-date, but have fallen roughly 15.6 percent in the past month.

Golden Star Resources Ltd. (TSX: GSC)

Get Your Up-To-Date Golden Star Resources Research Report at www.rdinvesting.com/company/GSC.

Golden Star Resources shares increased 5.17 percent to close at C$1.22 a share Monday. The stock traded between C$1.16 and C$1.22 on volume of 283,952 shares traded. On October 27th, the company announced that it has received a mining lease for the Mampon deposit in Ghana. “I am very pleased that Golden Star has been granted the mining lease for Mampon. Through mining this high-grade surface deposit, we will generate strong short-term cash flow, and it will assist us in maintaining production from Prestea until Prestea underground commences production in the second quarter of 2017.” commented CEO Sam Coetzer. Shares of Golden Star Resources have gained approximately 419.2 percent year-to-date and have gained roughly 10.9 percent in the past month.

B2Gold Corp. (TSX: BTO)

Get Your Up-To-Date B2Gold Research Report at www.rdinvesting.com/company/BTO.

B2Gold shares gained 4.58 percent to close at C$3.88 a share Monday. The stock traded between C$3.67 and C$3.88 on volume of 6.22 million shares traded. The company reported record quarterly consolidated gold production of 146,686 ounces in the third quarter of 2016. B2Gold also achieved record gold revenue of $193 million, an increase of 39 percent year-over-year, on record sales of 145,029 ounces at an average price of $1,331 per ounce. Shares of B2Gold have gained approximately 177.1 percent year-to-date and are up roughly 12.8 percent in the past month.

Great Panther Silver Ltd. (TSX: GPR)

Get Your Up-To-Date Great Panther Silver Research Report at www.rdinvesting.com/company/GPR.

Great Panther Silver’s shares increased 4.57 percent to close at C$1.83 a share Monday. The stock traded between C$1.72 and C$1.83 on volume of 265,783 shares traded. The company reported consolidated metal production of 953,632 silver-equivalent ounces (AgEq) for the third quarter of 2016 with overall production of 12% year-over-year. The company still expects to achieve its guidance of four million to 4.0 – 4.2 million AgEq ounces for the full year 2016. Shares of Great Panther Silver have gained approximately 161.4 percent year-to-date and have gained roughly 3.4 percent in the past month.

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