The top story in this week’s gold report features Shanghai-listed Chengtun Mining Group, which made a C$261 million bid to acquire Loncor Gold (TSX:LN), a development-stage miner in the Democratic Republic of the Congo, whose Imbo project contains an indicated resource of 1.88 million ounces of gold.
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This content has been prepared as part of a partnership with Loncor Gold, Walker Lane Resources, Military Metals and Lion One Metals, and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold reached US$4,213.80, up from US$4,055.79 per ounce in our Oct. 8th report, lifted by threats of new US tariffs on Chinese imports beginning on Nov. 1, coupled with falling bond yields making gold relatively more attractive to hold, as well as strong ETF flows driven by the Trump government’s climate of generalized uncertainty.
This week in gold
Other notable stories in this week’s gold report include a profile on Walker Lane Resources (TSXV:WLR), a junior gold and silver miner whose flagship project benefits from an abundance of prospective exploration results pointing towards a near-term discovery.
Military Metals (CSE:MILI) took a trio of boulder samples at its West Gore project in Nova Scotia yielding up to 11.45 per cent antimony and 21.5 grams per ton (g/t) of gold near a previously identified geological structure, suggesting the historically productive district remains untapped.
Finally, Lion One Metals (TSXV:LIO) delivered more high-grade assays from drilling at its Tuvatu gold project in Fiji, yielding up to 267.95 g/t gold over 0.3 metres. Results are within 60 metres of underground development, potentially adding value to an ongoing mine plan.
Top trending gold stocks
- West Red Lake Gold Mines (TSXV:WRLG) | 11,600+ views.
- New Found Gold (TSXV:NFG) | 10,300+ views.
- Tudor Gold (TSXV:TUD) | 10,100+ views.
- Laurion Mineral Exploration (TSXV:LME) | 10,000+ views.
- Sokoman Minerals (TSXV:SIC) | 9,000+ views.
- Fortune Minerals (TSX:FT) | 7,600+ views.
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