Shares in Golden Arrow Resources Corp. (CVE:GRG, OTCMKTS:GARWF) nudged higher as it issued its chairman's update, reminding investors it was delivering on two fronts -  production and exploration.

The Chinchillas project (combining the firm's project with SSR Mining Inc's producing Pirquitas operation in Argentina) remains on track to go into full-scale commercial production before the end of this year, the company told investors.

Using SSR's processing plant for Chinchillas ore represents tremendous savings in capex and time to production, said Golden Arrow.

The integration of the two projects remains on budget, as most of the capex has already been paid.

Golden Arrow owns 25% of Puna Operations Inc venture while SRR has a 75% stake.

Elsewhere, Golden Arrow's exploration subsidiary, New Golden Explorations, has, after an extensive review of prospects, announced the acquisition of the Indiana Gold-Copper and the Atlantida Copper-Gold projects, which are capable of quickly defining and increasing their respective resources.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25994.30 0.55%
S&P 500 2789.91 0.54%
NASDAQ 7510.82 0.68%
TSX 16042.50 0.26%
TSX-V 622.74 0.00%

Resource Commodities

Name Last Change
Gold 1330.17 0.51%
Silver 15.96 0.94%
Copper 2.90 0.030
Platinum 844.00 1.97%
Oil 56.96 0.35%
Natural Gas 2.70 2.26%
Uranium 28.70 0.00%
Zinc 1.22 0.00%

@RSDigest ON TWITTER