Junior gold miner Teuton Resources (TSXV:TUO), market capitalization C$53.7 million, raised C$1.6 million in a recently closed financing, including a top-up from legendary Canadian mining investor Eric Sprott.
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This content has been prepared as part of a partnership with Teuton Resources Corp., Mandalay Resources Corp., Alkane Resources Limited, Agnico Eagle Mines Ltd. and AJN Resources Inc., and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold was US$3,419.80, up from US$3,359.80 per ounce in our July 30 report, according to data from The Globe and Mail.
The metal continues to be range-bound between US$3,250 and an all-time-high of more than US$3,500, as has been the case since April, with investors anxiously awaiting for suggestions of a new normal as US tariff deals take effect across industries.
This week in gold
AJN Resources (CSE:AJN) is performing due diligence on its Okote gold project in Ethiopia, where it sees the potential for a seven-million-ounce deposit, representing more than US$23.9 billion in the ground. With steady drilling news flow expected over the coming months, the junior miner has a data-driven chance to prove its mere C$6.32 million market capitalization to be undervalued.
Mandalay Resources (TSX:MND) and Alkane Resources (ASX:ALK) finalized their previously announced merger of equals, with the resulting company set to command a market capitalization near C$1 billion and produce 160,000 ounces of gold equivalent in fiscal 2025.
Agnico Eagle Mines (TSX:AEM), market capitalization C$93.14 billion, reported financial results for Q2 2025, including record adjusted net income and free cash flow, as well as gold production of 866,029 ounces – representing 51 per cent of full-year guidance – at cash costs below the midpoint of the company’s forecasted range.
Top trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 13,100+ views.
- New Found Gold (TSX:NFG) | 8,700+ views.
- Tudor Gold (TSXV:TUD) | 6,500+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 5,300+ views.
- Fortune Minerals (TSX:FT) | 5,200+ views.
- No other gold stocks in this week’s top mining Bullboards.
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