Why Rubicon Minerals (RBY) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Rubicon Minerals Corp. (RBY) are up 7.34% to $1.43 after a report showing initial results from its so-called, "infill drilling program" confirmed the company's confidence in the F2 deposit at the Phoenix Gold project in Ontario, Canada.  

Must Read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The start of potential gold production is projected in mid-2015, based on Rubicon's current forecasts.

RBY Chart

RBY data by YCharts

More from Markets

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

How Alibaba Earnings and Jerome Powell's Jackson Hole Speech Could Move Markets

How Alibaba Earnings and Jerome Powell's Jackson Hole Speech Could Move Markets

Tesla Gets Major Price Target Slash From JPMorgan After Rough Weekend

Tesla Gets Major Price Target Slash From JPMorgan After Rough Weekend

Dow Leads Gains as Stocks End Higher

Dow Leads Gains as Stocks End Higher

PepsiCo to Buy SodaStream in $3.2 Billion Deal

PepsiCo to Buy SodaStream in $3.2 Billion Deal