Another day, another gold miner making headlines. With the precious metal’s price near all-time highs, every move in this industry can lead to potentially huge revenue growth.
Dakota Territory Resource Corp (OTCQB:DTRC) announced today that it has entered into a definitive agreement to purchase the Maitland Gold Property in the Black Hills of South Dakota from Homestake Mining Company of California. According to the release, this “2,112 mineral-acre Maitland acquisition will secure an important component of the company’s strategy for the structural corridor that extends from the Homestake Gold Mine to the company’s Blind Gold Property at the northern end of the district.”
Traders seemed pleased by the news, as they bought up shares of the Nevada-based company up to $.428/share (+14.1%) in early trade. This move pushed the shares from the lower end of the trading range that it has been in for a few months.