Goldrush Resources (CVE:GOD)(OTCQX:GDRRF) was kept at "Buy" with a fair value estimate of $0.30 by Fundamental Research after the Africa-focused explorer released an updated resource estimate for its Ronguen project.

The global resource for Ronguen in all categories is 384,000 ounces gold within the constrained pit shell, with a long term target of more than one million ounces.

Goldrush is on the cusp of unlocking the potential around its Ronguen gold resource and on its other highly prospective permits that have seen very little exploration activity.

The Ronguen Gold Deposit, located on two of the company’s five exploration permits in the region, is situated six kilometers to the north west of High River’s Bissa Deposit

After almost two decades of economic reform, trade liberalization and privatization, the country is now on the cusp of a mining boom, intentionally stoked by a series of mining friendly legislation and tax breaks

Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana. 

Sunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) has done exactly what it set out to do last year in releasing a feasibility study for its Asmara project in Eritrea that minimizes the capital exposure in a challenging time for Canadian juniors, with the company now having a plan to start initial production almost one year earlier than the preliminary report. 

Jennings Capital analyst Dan Hrushewsky has highlighted what he called Asanko Gold's (TSE:AKG) "good project economics" at the Esaase gold project in Ghana, saying the company ranks first of all Canadian gold companies on its radar in terms of cash as a percentage of market cap. 

Gold, silver and antimony miner Mandalay Resources (TSE:MND) has issued a strong message of intent with a promise to pay 6% of net future revenues in dividends. Mandalay announced a dividend for the quarter of C$0.769 in line with this new policy.

Kirkland Lake Gold (TSE:KGI)(AIM:KGI) shares rallied after the company revealed impressive operational results for its fiscal fourth quarter, which analysts say mark a "stellar end" to a year in which the company regained mining access to the higher grade ores at its Macassa mine. Shares jumped 10 percent in afternoon trading in Toronto.