Barrick Gold (TSX:ABX) suspended operations at its Loulo-Gounkoto mining complex in Mali after the Malian government seized the site’s gold stock and transferred it to a custodial bank. Shares are down by over 20 per cent since the dispute, over breached commitments, began in October 2024.
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By the ounce
At the time of writing on Wednesday, the price of gold sat at US$2,706.70 per ounce, up from US$2,664.30 in our Jan. 8 update, according to data from The Globe and Mail.
This week in gold
China Gold International Resources (TSX:CGG) issued 2025 production guidance reflecting the restart of its Jiama copper and gold mine in Tibet, aligning the company with a return to profitability.
Multi-bagger Laurion Mineral Exploration (TSXV:LME) yielded high-grade results from Fall 2024 drilling on its Ishkõday project in Ontario.
Natural resource investors know Canada to host some of the most prospective gold projects in the world, but many may be missing out on the tax benefits offered through the Canadian government’s flow-through shares program.
Top six trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 22,200+ views.
- New Found Gold (TSXV:NFG) | 15,600+ views.
- American Creek Resources (TSXV:AMK) | 9,300+ views.
- Fortune Minerals (TSX:FT) | 6,500+ views.
- Maritime Resources (TSXV:MAE) | 5,500+ views.
- Calibre Mining (TSX:CXB) | 5,200+ views.
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(Top image, generated by AI: Adobe Stock)
