This week’s gold report focuses on mining companies making value-accretive moves, cutting through speculation to earn investor conviction through strong results. Our top story centres on Fuerte Metals (TSXV:FMT), whose new preliminary economic assessment for its Coffee gold project in the Yukon substantiates a US$4 billion project with rich expansion potential.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$5,168, according to data from ADVFN, up from US$4,951.44 per ounce in our February 18th report. Price action is reacting to persistent safe-haven demand spurred on by a stalemate between US labour market strength and monetary policy, as well as a lingeringly unstable geopolitical environment.
This week in gold
Other notable news stories adding value in the gold market include Sitka Gold (TSXV:SIG), whose maiden resource estimate for its Rhosgobel deposit, located on its RC gold project in the Yukon, details 2.25 million ounces of gold inferred beginning at surface, which, at the current gold price, represents more than US$11.5 billion in the ground.
We also have American Eagle Gold (TSXV:AE), a junior miner that recently quadrupled the mineralized footprint at its NAK copper-gold project in British Columbia to 1.7 km by 1.5 km, opening the door to the notion that the company may have a large porphyry system on its hands.
We end this week’s gold report with a consideration of DRC Gold (CSE:DRC), a micro-cap explorer in the Congo, backed by a leadership team with proven success in the country, with two potentially multi-million-ounce projects in its sights, each located next to some of Africa’s most prolific gold mines.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 16,600+ views.
- B2Gold (TSX:BTO) | 10,900+ views.
- Tudor Gold (TSXV:TUD) | 6,700+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,600+ views.
- Monument Mining (TSXV:MMY) | 5,800+ views.
- Equinox Gold (TSX:EQX) | 5,300+ views.
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