Our focus in this week’s Stockhouse Gold Report is on assets whose high-quality significantly de-risks a potential investment in their operating companies, more than justifying your fully fledged due diligence.
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 begin with Hemlo Mining (TSX:HMMC), whose eponymous mine in Ontario has produced more than 25 million ounces of gold since 1985, with more than a decade of productive life remaining to continue generating shareholder value. The company recently took its talents to the TSX in a bid to expand its investor base.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,333.89, according to data from ADVFN, up from US$4,189.83 per ounce in our June 10th report, embodying optimism at the prospect of a potential peace deal between Iran and the United States heralding lower oil prices, the dissipation of inflationary pressures and a lower interest rate environment, which would make gold more attractive to hold compared to bonds and money market funds.
This week in gold
Mining investors that demand demonstrably top-tier assets before putting cash to work should look at Kenorland Minerals (TSXV:KLD), whose strategically located more than 1.5-million-hectare exploration portfolio is complemented by a 4 per cent royalty on the Frotet project in Quebec, granting it exposure to a 2.55-million-ounce inferred gold resource in the midst of active development. Sumitomo and Centerra Gold are on board with Kenorland’s value proposition, as highlighted by their recent investments in the company.
Globex Mining (TSX:GMX) is another operator that has made its name by identifying best-in-class projects, having built a more than 270-asset portfolio from exploration to advanced development – with a pronounced tilt towards precious metals – that positions it to benefit from newly harvested upside on an almost weekly basis. The company’s most recent instance of positive news flow highlights high-grade gold intercepts from its 50-per-cent-owned Duquesne West gold property in Quebec, under option to Emperor Metals (CSE:AUOZ), including 61.5 grams per ton (g/t) gold over 15 m, demonstrating that the project’s 1.46-million-ounce inferred resource has yet to be fully delineated.
Our final first-rate mining stock in the news over the past week is SSR Mining (TSX/NASDAQ:SSRM), which reinstated its dividend two years after a devastating landslide at its recently sold Çöpler gold mine in Turkey resulted in nine deaths. The company remains on track to produce 450,000-535,000 gold equivalent ounces in 2026, leveraging a global portfolio hosting tens of millions of ounces in gold and silver resources and reserves in established mining jurisdictions.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 10,800+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 7,500+ views.
- Tudor Gold (TSXV:TUD) | 4,000+ views.
- Equinox Gold (TSX:EQX) | 2,300+ views.
- Monument Mining (TSXV:MMY) | 2,100+ views.
- Nevgold (TSXV:NAU) | 1,600+ views.
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