In this week’s top story, the US Department of War will take a 10 per cent stake in Trilogy Metals (TSX/NYSEAM:TMQ), investing $17.8 million to advance the company’s Upper Kobuk polymetallic projects in Alaska, which are located in one of the world’s top copper districts. The stock proceeded to triple on the news to C$9.05 per share.
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This content has been prepared as part of a partnership with Trilogy Metals, Dryden Gold, ESGold and Prospector Metals, and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold reached US$4,055.79, up from US$3,907.80 per ounce in our Oct 1st report, lifted by worries stemming from the ongoing US Government shutdown and expectations of more interest rate cuts to come from the US Federal Reserve.
This week in gold
Other notable gold industry stories this week include Dryden Gold’s (TSXV:DRY) new discovery at its Hyndman project in Ontario, yielding a highlight channel sample of 23.32 grams per ton (g/t) of gold over 2.80 metres. The stock has doubled year-over-year and the junior miner is fully funded for 2026 exploration.
ESGold (CSE:ESAU) also announced a C$9 million term sheet with Ocean Partners UK, reinforcing its cash-flow-first exploration strategy currently being put into practice in Quebec and Bolivar, Colombia. Investors are backing the strategy, lifting the stock by more than 500 per cent year-over-year.
Finally, Prospector Metals stock (TSXV:PPP) more than doubled after a new discovery from its 10,869-hectare ML project in the Yukon, yielding 13.79 g/t gold, 38.08 g/t silver and 1.84 per cent copper over 44 m.
Top trending gold stocks
- West Red Lake Gold Mines (TSXV:WRLG) | 15,200+ views.
- Tudor Gold (TSXV:TUD) | 13,800+ views.
- New Found Gold (TSXV:NFG) | 11,700+ views.
- Sokoman Minerals (TSXV:SIC) | 10,400+ views.
- Western Copper and Gold (TSX:WRN) | 7,800+ views.
- Fortune Minerals (TSX:FT) | 7,600+ views.
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