In this week’s Stockhouse Gold Report, we’re delving into four projects whose established mineralization should help to get an investor’s foot in the door when it comes to building long-term conviction.
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 New Found Gold (TSXV:NFG), whose conditional approval to list on the TSX promises to bring its 2-million-ounce Queensway project in Newfoundland and Labrador to a broader investing public. The project’s preliminary economic assessment (PEA) estimates 1.5 million ounces in production over a 15-year mine life, with 110 kilometres of strike length still to be fully exploited through further exploration.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,071.77, according to data from ADVFN, up from US$4,020.55 per ounce in our June 24th report, lifted by US private sector payroll data showing that the country added fewer jobs than expected – falling about 7,000 positions short of the 105,000 consensus forecast – as well as strong institutional support for the metal as a reserve component, despite the risk of near-term US interest rate hikes to quell energy-related inflation.
This week in gold
Gold X2 Mining (TSXV:AUXX) released new assays from ongoing infill and resource expansion drilling at its PEA-stage Moss Gold project in Northwestern Ontario, highlighted by 32.8 m of 1.22 grams per ton (g/t) of gold, clearing the way for a heftier updated resource estimate in Q4 2026 or Q1 2027, which has the potential to fuel a stock that is up by more than 200 per cent year-over-year. Moss’ 2026 resource estimate stands at 2.458 million ounces of gold (plus 3.160 million ounces of silver) indicated and 4.209 million ounces of gold (plus 6.273 million ounces of silver) inferred.
Freeman Gold (TSXV:FMAN) is also in the news, delivering a new feasibility study for its Lemhi project in Idaho, USA, boasting a post-tax net present value (5 per cent discount rate) of US$696 million, initial capital requirements of US$329.7 million and a payback period of only 2.5 years, all at a base case of only US$3,650 per ounce. Lemhi is expected to produce 972,000 ounces of gold over a 15.2-year mine life, a figure leadership intends to actively complement by evaluating the project’s significant exploration upside beyond known reserves.
To close out this week’s Gold Report, let’s consider Crossroads Gold (TSXV:CRG), a junior mining company backed by the Fiore Group advancing a portfolio of highly-prospective projects in one of Australia’s top gold-producing jurisdictions. The company is preparing for the first drilling program in 46 years at its Pambula project in New South Wales, keen to leverage the land package’s more than a century of mining history, which includes evidence for continuous mineralization at depth and between numerous historical mines, as well as geology consistent with gold systems in the region.
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