Stockhouse’s Weekly Gold Report brings you top stories about mining stocks vying for a spot on your watchlist.
Our headline story focuses on McFarlane Lake Mining (CSE:MLM), a junior miner in the midst of a fully-funded 50,000-metre drilling program to expand its more than 6-million-ounce Juby Project, located west of Gowganda, Ontario.
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.
Environmental baseline studies are nearing completion, with a scoping study on the project slated to hit the wire in Q2 2027, potentially fueling the stock’s more than 5x return year-over-year (YoY).
Click here for the full story.
By the ounce
At the time of writing on Tuesday, the price of gold was US$4,038.14, according to data from ADVFN, down from US$4,065.31 per ounce in our November 4th report, representing a 0.1% loss YoY.
With the Consumer Price Index rising by 0.4% in October, ahead of the consensus 0.3% expectation, and Federal Reserve Governor Christopher Waller recently voicing support for a 0.5% interest rate hike at a conference in London, investors seem to be resigning themselves to the potential for gold to lose favor in the face of rising yields.
That said, with central bank buying up by 42% YoY, according to data from the World Gold Council, support for a price floor and a potential re-rating remain in play, especially if a potential resolution to the US/Israel-Iran war were to take the pressure off record oil prices.
This week in gold
Barrick Mining (TSX:ABX), one of the world’s largest gold producers, reported revenue of US$5.07 billion in Q3 2026, up by 22% YoY, earning net income of US$1.32 billion, up by 1% YoY, remaining on track to produce 2.90–3.25 million ounces of gold and 190,000–220,000 tons of copper in 2026. The company ended the quarter with US$900 million in cash to advance a slate of global growth projects.
Aris Mining (TSX:ARIS), a gold producer in Colombia, increased estimated reserves at its Segovia Mine by 28% to 1.9 million ounces, more than double the 755,000 ounces estimated in 2022. Segovia’s US$259 million in net earnings year-to-date, up by more than 10x YoY, provides operational flexibility as the company works towards a prefeasibility study for its Toroparu Project planned for November – including an initial reserve estimate – plus an updated NI 43-101 technical report for its Marmato Mine planned for Q1 2027.
Discovery Mining (TSX:DSV), an explorer and producer active in Canada and Mexico, closes out this week’s Gold Report with record Q3 2026 production of 70,564 ounces of gold, up by 12% YoY, and record sales of 71,200 ounces, up from 69,004 ounces YoY, with leadership demonstrating its commitment to profitable growth by delivering net income of US$58.4 million, up from US$42.4 million YoY. Recent high-grade drilling results back up the potential for vastly untapped mineralization across the company’s flagship Porcupine gold project in Ontario.
Top trending gold stocks
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- Tudor Gold (TSXV:TUD) | 6,100+ views.
- B2Gold (TSX:BTO) | 3,500+ views.
- Sirios Resources (TSXV:SOI) | 3,200+ views.
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