Our top headline in this week’s gold report features Nations Royalty (TSXV:NRC), a mining royalty generator, and Canada’s first majority Indigenous-owned public company in any sector, which recently onboarded a new CEO, well-versed in M&A, to continue building shareholder value.
Shares have added 160 per cent year-over-year, supported by five annual benefit payment entitlements in place, including from the Brucejack gold mine operated by Newmont Corporation and the KSM copper-gold-silver-molybdenum deposit in development by Seabridge Gold.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$5,038.01, according to data from ADVFN, down from US$5,255.50 per ounce in our January 28th report, with the precious metal recovering after a widely expected correction supported by dovish expectations surrounding Kevin Warsh, Trump’s US Fed Chair nominee, worries about the dissolution of US civil rights spurred on by ICE raids in Minnesota, as well as the official unveiling of Project Vault, the US’s US$12 billion critical mineral stockpile program, which is expected to benefit the global mining industry at large.
This week in gold
In other prospective news across the gold market this week, TomaGold (TSXV:LOT) announced the discovery of a semi-massive sulfide zone at its Berrigan mine in Quebec, yielding up to 7.44 grams per ton (g/t) gold over 1.4 metres, suggesting the presence of a larger mineralized system at depth, which the company intends to follow up on imminently. The discovery complements 12 other projects in TomaGold’s portfolio, with recent developments translating into a 325 per cent return year-over-year.
Another junior miner in Quebec delivering value-accretive results is Troubadour Resources (TSXV:TR), whose phase-1 drilling results at its Senneville gold-silver-copper project in the Val d’Or Mining Camp include extensive indicator minerals, adding conviction to the thesis that the project’s multi-million-ounce neighbors are no fluke.
We end this week’s gold report with a look at Pan Global Resources (TSXV:PGZ), a junior miner in Spain, whose newly discovered gold intervals at its past-producing 5,653-hectare Cármenes project extended mineralization beyond mine workings, setting a positive tone for the more than two dozen targets to be explored across the project area.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 25,000+ views.
- Tudor Gold (TSXV:TUD) | 8,800+ views.
- B2Gold (TSX:BTO) | 7,900+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 7,800+ views.
- Freegold Ventures (TSX:FVL) | 4,700+ views.
- Monument Mining (TSXV:MMY) | 4,500+ views.
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