Our top story in this week’s gold report highlights Equinox Gold (TSX/NYSE:EQX), a global miner that recently reached commercial production at its Valentine gold mine in Newfoundland & Labrador, with output up to 200,000 ounces expected in 2026.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,117.80, down from US$4,136.90 per ounce in our November 12th report, as investors eagerly await minutes from the US Federal Reserve‘s October meeting and the delayed US labour report for September for clues about interest rate trajectory.
This week in gold
Other notable gold stories this week include activist investor Elliott Management taking a US$1 billion stake in Barrick Mining (TSX:ABX), making it one of the miner’s top shareholders, fueling speculation that a potential restructuring or asset sale may be afoot. Barrick stock has added 129.29 per cent year to date.
Ontario-based West Red Lake Gold Mines (TSXV:WRLG) also released a mid-Q4 update from its producing Madsen mine, reporting a 24 per cent month-over-month increase in mined ore in October, keeping operations on track to reach full capacity in early 2026. Madsen’s Q3 production was 34 per cent higher than Q2, with management expecting a similar growth profile to close out the year.
We end the week laying out the value propositions behind Dakota Gold (NYSEAM:DC) and Sky Gold (TSXV:SKYG), a pair of rallying gold stocks optimally positioned to take advantage of continued gold price strength.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 17,600+ views.
- Tudor Gold (TSXV:TUD) | 7,900+ views.
- Fortune Minerals (TSX:FT) | 7,200+ views.
- No other gold stocks in this week’s top Bullboards.
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