Sage Gold (CVE:SGX) has just come off more than doubling the gold ounces at its Clavos deposit in the Timmins gold camp of Ontario, and is now set for further expansion at the project – which it hopes to advance to production. 

Sage Gold (CVE:SGX) unveiled Tuesday a new resource estimate for its Clavos gold deposit in the Timmins gold camp of Ontario, showing more than doubled growth in gold ounces. 

The company intends to maintain a primary focus on the redevelopment of the Clavos Mine and become a significant Canadian gold producer over the next five years.

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.