Stockhouse’s Weekly Gold Report brings you top stories about mining stocks vying for a spot on your watchlist.
This week, we’re focusing on companies that substantiate why Canada ranks among the world’s top mining jurisdictions, as detailed in the Fraser Institute’s Annual Survey of Mining Companies 2025.
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.
We get the show on the road with Bonterra Resources (TSXV:BTR), whose new preliminary economic assessment for its Barry project in Quebec, under a joint venture with Gold Fields Limited, estimates 87,097 ounces in average annual gold production over a 7.2-year mine life for initial capital of only C$119 million.
Click here for the full story.
By the ounce
At the time of writing on Wednesday, the price of gold was US$4,151.42, according to data from ADVFN, slightly down from US$4,156.01 per ounce in our October 7th report, representing a 1% loss year-over-year.
Investors have been taking ounces off the table in anticipation of Wednesday’s US inflation report and the signals it may provide about future interest rate decisions, with a December hold heavily favored at 78.4%, according to the CME FedWatch tool.
Meanwhile, high oil prices continue to support gold’s safe-haven demand as Yemen’s Houthis, a militia group backed by Iran, carry out strikes on Saudi Arabian infrastructure, with the kingdom striking back in support of Yemen’s internationally recognized government, in the latest escalation of the US/Israel-Iran war.
This week in gold
International producer Centerra Gold (TSX: CG) (NYSE: CGAU) signed an options deal with Azimut Exploration (TSXV: AZM; OTCQX: AZMTF), adding to the Quebec junior miner’s long history of partner-funded development. The strongly mineralized properties will be sampled imminently.
Epic Gold (CSE:EPG) (OTCQB: NFLDF) (FSE: 6341) fostered market sentiment with a 440,000-ounce inferred resource estimate for its Hawkins project in Ontario. The company is already planning a drilling program and metallurgical testing across several high-grade targets with eyes on an updated estimate.
We close with Gold Terra Resource (TSXV:YGT), a miner active in the Northwest Territories, whose visit from Bank of Canada Governor Tiff Macklem turned the spotlight on the province’s untapped mining industry and broader economic potential. The company has optioned property near Yellowknife and south of the historical Con mine, which produced 6.1 million ounces of gold from 1938-2003.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 15,700+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,500+ views.
- Tudor Gold (TSXV:TUD) | 6,000+ views.
- Monument Mining (TSXV:MMY) | 5,800+ views.
- Sirios Resources (TSXV:SOI) | 4,400+ views.
- Equinox Gold (TSX:EQX) | 2,700+ views.
Join the discussion: Find out what investors are saying about the mining stocks in this week’s Gold Report on Stockhouse’s stock forums and message boards.
