03:56 PM EDT, 10/06/2017 (MT Newswires) -- Harte Gold (HRT.TO) shares were trading at $0.58 on last look for a 3.6% gain from the previous close. The stock did dip to $0.57 after the company said around 3pm ET that it has successfully completed the Phase 1 underground development at the Sugar Zone mine in Ontario, but it has recovered again since then.

The company, with contractor Technica Group, will now focus on the installation of critical underground mine services, including an underground power supply and ventilation. Site work to include mill construction is also underway at Sugar Zone.

Harte Gold expects underground development work and mining operations to resume at Sugar Zone in the second quarter next year. The company has mined a total of 100,000 tonnes of ore at the property.

The company is also completing an updated resource model and technical report that will include an expanded Sugar Zone deposit and the newly discovered Middle Zone deposit.

Price: 0.58, Change: +0.02, Percent Change: +3.5