AI-generated image of gold bars beside a computer with a financial chart.
generated image of gold bars beside a computer with a financial chart.
(Source: Adobe Stock)

Northstar Gold (CSE:NSG) recently signed two key non-binding memorandums of understanding (MOUs) that are a pivotal first step to advancing its business.

The first MOU was signed with Hunan Nonferrous Geological Exploration Institution Pvt. Ltd., a subsidiary of the Remote Sensing Geological Survey and Monitor Institute of Hunan Province in China.

This partnership grants Hunan Nonferrous the opportunity to explore and develop a near-surface NI43-101 gold mineral resource at Northstar’s 100-per-cent-owned Miller Copper-Gold Property in Ontario.

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Commodity prices

As of the time of this writing Tuesday, the price of gold sits at US$2,621.20 per ounce, down from $2,653.84 in last week’s update, according to data from Kitco.com.

This week in gold

  1. Laurion Mineral Exploration’s (TSXV:LME) president and CEO Cynthia Le Sueur-Aquin increases her stake in the company to 750,000 stock options.
  2. Ibrahim Traoré, junta leader and president of Burkina Faso, declares in a radio address that he would withdraw certain foreign mining permits in a bid to nationalize the production of gold, the country’s top export.
  3. Robex Resources (TSXV:RBX) reveals it is on pace for first gold pour at its Kiniero Project in Guinea by Q4 2025.

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The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo: Adobe Stock)


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