In this week’s top story, New Found Gold (TSXV:NFG) intends to acquire Maritime Resources (TSXV:MAE) for approximately C$292 million, vastly expanding its production capabilities.
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This content has been prepared as part of a partnership with New Found Gold, Red Pine Exploration, Thunder Gold, Snowline Gold, Banyan Gold, Sitka Gold and White Gold, and is intended for informational purposes only.
By the ounce
At the time of writing on Tuesday, the price of gold was US$3,666.60, up from US$3,616.40 per ounce in our September 3rd report – according to data from The Globe and Mail – with Kitco citing investor concerns about high national debt and currency debasement as key drivers behind the metal’s ascent.
This week in gold
Red Pine Exploration (TSXV:RPX) released near-surface drilling results from its Wawa gold project in Ontario up to 54.40 grams per ton (g/t) of gold over 2 metres.
Thunder Gold (TSXV:TGOL) validated the potential of its Tower Mountain property near Thunder Bay, Ontario, as a scalable gold system during phase-2 drilling, delivering broad mineralized zones across a handful of targets. Highlight intercepts include 1.25 g/t gold over 103.5 m and 327 g/t gold over 1 m.
Finally, the Yukon has the attention of global gold investors once again, but the drive for profit is now tempered with caution following the heap leach failure at Victoria Gold’s Eagle mine in 2024. Read Stockhouse’s comprehensive report, including spotlights on notable Yukon-based operators Snowline Gold (TSXV:SGD), Banyan Gold (TSXV:BYN), Sitka Gold (TSXV:SIG) and White Gold (TSXV:WGO).
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 15,800+ views.
- Maritime Resources (TSXV:MAE) | 9,000+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 8,900+ views.
- Tudor Gold (TSXV:TUD) | 8,600+ views.
- Laurion Mineral Exploration (TSXV:LME) | 8,200+ views.
- Freegold Ventures (TSX:FVL) | 6,900+ views.
Join the discussion: Find out what everybody’s saying about the mining stocks in this week’s gold report on Stockhouse’s stock forums and message boards.
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