NEM - Continental Gold: Buritica Shines But There's Controversy
Introduction
Shares of Colombia-focused gold mining company Continental Gold (CGOOF) rose by 21.1% on the TSX on 29 January, which most news outlets attributed to the update that the company provided on its Buritica project the previous day.
The update didn't really contain any new information, so I was surprised at the rally. And then, on 30 January, Continental released an updated mineral resource estimate, which boosted gold equivalent in the measured and indicated category by almost a million ounces. This is a significant milestone for the company and should greatly improve