Following a report from Stockhouse published on Friday, Imperial Metals (TSX:III) confirmed that three workers trapped underground at its Red Chris mine in British Columbia are now safe.
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This content has been prepared as part of a partnership with Imperial Metals Corp., Bullion Gold Resources Corp., Baru Gold Corp., Canagold Resources Ltd. and Finex Metals Ltd., and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold was US$3,359.80, down from US$3,441.10 per ounce in our July 23 report, according to data from The Globe and Mail, reflecting diminishing concern about how new US trade deals will weigh on global productivity.
This week in gold
Despite the mining industry’s high-risk nature, as evidenced by our top story, it also offers the potential of outsized returns across the mining lifecycle, from exploration, through development and into production.
To that end, four companies stood out for their positive news flow over the past week, each story representing a green flag for deeper due diligence:
Bullion Gold Resources (TSXV:BGD) reported high-grade gold from the first two drillholes at the Bousquet project’s Paquin prospect in Quebec. Bousquet is located on the Cadillac Break, which has yielded more than 110 million ounces of gold to date.
Baru Gold (TSXV:BARU) will negotiate with Quantum Metal Thailand on an exclusive basis for up to US$100 million in funding to develop its Sangihe gold project in Indonesia. Sangihe’s NI 43-101 resources are estimated at more than 1 million ounces of gold and 16 million ounces of silver.
We end this week’s Gold Report with a detailed look into a pair of gold stocks – Canagold Resources (TSX:CCM) and Finex Metals (TSX:FINX) – that have matched recently strong returns with value-accretive development.
Top trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 13,000+ views.
- New Found Gold (TSX:NFG) | 9,700+ views.
- Freegold Ventures (TSX:FVL) | 7,600+ views.
- Tudor Gold (TSXV:TUD) | 7,100+ views.
- Fancamp Exploration (TSXV:FNC) | 6,100+ views.
- Fortune Minerals (TSX:FT) | 5,200+ views.
Join the discussion: Find out what everybody’s saying about the stocks in this week’s gold report on Stockhouse’s stock forums and message boards.
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