In this week’s Stockhouse Gold Report, we’re homing in on mining companies with untapped value and leadership teams keen on doing the work to harvest it. Our top story centers on Barrick Mining (TSX:ABX;NYSE:B), one of the world’s premier gold producers, and the fast-approaching spin-out of its North American assets, whose approximately 2-million-ounce production profile is ripe for expansion. Barrick stock has added 104 per cent year-over-year (YoY).
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,567.04, according to data from ADVFN, down from US$4,771.55 per ounce in our April 22nd report, as investors weigh the prospects of rising inflation and interest rates because of the Iran war against central banks capitalizing on gold’s Q1 pullback with their largest purchases in more than a year. Despite geopolitical tensions and rising oil prices, the price of the yellow metal remains up by 38 per cent YoY and by 159 per cent since 2021.
This week in gold
Junior miner Trident Resources (TSXV:ROCK) is another name turning potential into shareholder value, recently announcing fresh drilling results from its Contact Lake gold project in Saskatchewan, highlighted by 15.11 grams per ton (g/t) gold over 51.83 metres, the company’s best intercept to date, which is associated with multiple parallel shear zones that hint at the project’s substantial expansion potential. Trident Resources stock is up by 463 per cent YoY.
West Red Lake Gold Mines (TSXV:WRLG) is no slouch either, delivering 471 g/t gold over 1 m as part of an infill and conversion drilling program at its Rowan project in Ontario’s Red Lake Mining District. The company will incorporate the results into a mineral resource update expected over the coming weeks, potentially boosting expected production of more than 35,000 ounces of gold over a five-year mine life. The small-cap gold stock has climbed by only 14 per cent YoY, despite the underlying company being on track to double production and revenue in 2026.
This week’s gold report wraps up with Nevada King Gold (TSXV:NKG), a junior miner that is doubling its phase-4 drilling program at its Atlanta mine project to 40,000 m to better delineate the district-scale land package’s multi-million-ounce potential. Nevada King Gold stock has added only 4 per cent YoY, despite consistently mounting evidence for Atlanta’s robust mineralized system.
Top trending gold stocks
- West Red Lake Gold Mines (TSXV:WRLG) | 22,900+ views.
- New Found Gold (TSXV:NFG) | 10,600+ views.
- Tudor Gold (TSXV:TUD) | 6,700+ views.
- B2Gold (TSX:BTO) | 2,800+ views.
- Banyan Gold (TSXV:BYN) | 2,600+ views.
- Monument Mining (TSXV:MMY) | 2,400+ views.
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