Junior miner surges on pending gold production

TORONTO - Speculators poured into a small gold play Friday, while a biotech stock popped on a purchase agreement.

Yukon-Nevada Gold shares jumped 15% to 15 cents on Friday after the micro cap miner said its wholly-owned subsidiary, Queenstake Resources USA, Inc., is preparing the Jerritt Canyon gold mine and mill in Nevada for the re-start of milling and processing operations, set to be ready by July 20, to be followed by renewal of underground mining operations in due course.

Click here for more on the junior miner play.

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