Our top story in this week’s gold report focuses on Barrick Mining (TSX:ABX), which reached an agreement with the Government of Mali to regain control of its Loulo and Gounkoto gold mines – among the top-10 largest producers in the world – following a two-year dispute over allegedly unpaid fees and taxes under a new government mining code. Shares are up by 9 per cent on the news.
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This content has been prepared as part of a partnership with Barrick Mining, McFarlane Lake Mining, Galleon Gold, Pan American Silver and Abitibi Metals, and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold was US$4,185.79, up from US$4,117.80 per ounce in our November 19th report, regaining ground after a correction in October, supported by weak US labour data maintaining conviction in a December interest rate cut.
This week in gold
Other notable gold stories this week include McFarlane Lake Mining (CSE:MLM) filing a resource estimate for its Juby gold project in Ontario’s Abitibi Greenstone Belt, detailing 1.01 million ounces indicated and 3.17 million ounces inferred, representing more than US$17 billion in gold in the ground. Shares are up by more than 27 per cent on the news.
Junior Ontario miner Galleon Gold (TSXV:GGO) also signed a preliminary term sheet for C$46 million in debt from Pan American Silver (TSX:PAAS), a gold and silver producer with operations across the Americas, de-risking further major miner support of the company’s flagship more than 1.5-million-ounce project. Shares are up by 10 per cent on the news.
We end the week with another junior miner, Abitibi Metals (CSE:AMQ), which produced its highest-grade intercept to date from the B26 polymetallic deposit in Quebec, setting a high-conviction tone for phase-4 drilling in 2026 to expand existing indicated and inferred resources. Shares added more than 17 per cent on the news.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 16,300+ views.
- Laurion Mineral Exploration (TSXV:LME) | 11,800+ views.
- Tudor Gold (TSXV:TUD) | 10,000+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 3,600+ views.
- Probe Gold (TSX:PRB) | 3,300+ views.
- Sokoman Minerals (TSXV:SIC) | 3,300+ views.
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