In this week’s Stockhouse Gold Report, we’re highlighting data-driven opportunities across the mining lifecycle, from early-stage exploration to near-term production, to meet your investment needs wherever they happen to be.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Our top story features Vista Gold (NYSEAM/TSX:VGZ), a miner on track for initial 2029 production at its flagship Mt Todd project in Australia, where proven and probable reserves are currently estimated at more than 5.1 million ounces.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,189.83, according to data from ADVFN, down from US$4,458.04 per ounce in our June 3rd report, hitting a two-month low as US-Iran tension reignite, the risk of inflation and higher interest rates rises and more investors jump ship for less volatile and higher-yielding assets.
This week in gold
Moving a little farther back in the project development process, we shine a light on Viva Gold (TSXV:VAU), whose newest high-grade drilling results from its Tonopah project in Nevada’s Walker Lane Trend returned 88.4 metres (m) at 0.98 grams per ton (g/t) gold, proving that the preliminary economic assessment (PEA)-stage project, hosting a more than 2.1-million-ounce resource, still has a lot more upside waiting to be harvested.
The same prospective sentiment applies to Lahontan Gold (TSXV:LG), whose flagship Santa Fe project, also in the Walker Lane Trend, hosts a resource of just under 2 million ounces, with a robust tailings pile likely to significantly increase that figure and work now underway towards a PEA that could hit the wire as soon as this year. With estimated productions costs of only US$1,200 per ounce and reasonable investment costs of only US$135 million, Santa Fe benefits from low-risk construction potential, whether in-house or through a partnership with a larger miner.
We close this week’s Gold Report at the beginning of the mining lifecycle with explorer Ongwe Minerals (TSXV:OGW), whose recent discovery of a 5-km-long, gold-in-soil anomaly at its Omatjete project in Namibia, generating samples as high as 730 parts per billion (ppb) gold, adds conviction to the notion that its geological similarity to Wia Gold’s nearby 2.93-million-ounce Kokoseb project is worth systematic exploration.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 8,100+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,300+ views.
- Tudor Gold (TSXV:TUD) | 3,400+ views.
- Equinox Gold (TSX:EQX) | 3,400+ views.
- Monument Mining (TSXV:MMY) | 3,300+ views.
- Banyan Gold (TSXV:BYN) | 2,500+ views.
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