In this week’s Stockhouse Gold Report, we have our eye on four mining stocks enjoying market validation in the form of positive returns, reflecting recent operational milestones that paint a promising picture about future value creation.
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 centres on NovaRed Mining (CSE:NRED), a gold and copper miner in British Columbia, which has managed to hire two Trump allies to its advisory board over the past few weeks, including former US Secretary of Homeland Security, Kristi Noem, and most recently, lawyer, strategist and Senior Communication Advisor at Truth Social, Katie Zacharia, to expedite its advancement of the Wilmac project, which is located only 10 kilometres from Hudbay Minerals’ producing Copper Mountain mine. Shares are up by more than 100 per cent since inception in February 2026.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,020.55, according to data from ADVFN, down from US$4,333.89 per ounce in our June 17th report, responding to an increasingly hawkish stance from the US Federal Reserve and the potential for renewed negotiations between the US and Iran, slated to kick off in Pakistan next week, to quell oil-related inflationary pressures.
This week in gold
Investors may also want to take a magnifying glass to Hycroft Mining (NASDAQ:HYMC), whose eponymous mine in Nevada hosts one of the largest gold and silver deposits in the US, where resources valued at about US$140 billion in the ground are being diligently developed towards extraction to close the gap with the company’s mere US$2.11 billion market cap. The stock has added 579 per cent year-over-year.
There’s also Pelangio Exploration (TSXV:PX), a junior miner advancing numerous gold discoveries in Ghana near some of the continent’s largest producing gold mines operated by the likes of Newmont and AngloGold Ashanti. Mineralization was recently extended by 150 metres (m) at Pelangio’s flagship Manfo project, intercepting 26 m of 2.99 grams per ton gold, while remaining open to further exploration. Shares are up by 700 per cent from their five-year low.
Last up, we have Big Ridge Gold (TSXV:BRAU), whose 1.4-million-ounce Hope Brook gold project in Newfoundland recently received a high-profile capital infusion from famed junior mining investor, Michael Gentile, who nearly doubled his ownership stake in the company to 19.9 per cent. Big Ridge’s ongoing drilling program is designed to upgrade the resource, expand it beyond the current model and advance leadership’s parameters for mine design. Investors have been rewarded with a 250 per cent return year-over-year.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 7,800+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 5,400+ views.
- Monument Mining (TSXV:MMY) | 3,100+ views.
- Alamos Gold (TSX:AGI) | 2,800+ views.
- Pirate Gold (TSXV:YARR) | 2,700+ views.
- Tudor Gold (TSXV:TUD) | 2,400+ views.
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