In this week’s Stockhouse Gold Report, we’re asking, ‘Which Canadian-listed miners made the savviest moves over the past seven days, better aligning their stocks with long-term value creation?’
Our top story under this rubric stems from Agnico Eagle Mines (TSX:AEM), one of the largest gold miners in the world, who recently consolidated its global leadership position with strategic acquisitions in Finland’s Central Lapland Greenstone Belt, including Rupert Resources, Aurion Resources, as well as a majority stake in a joint venture owned by B2Gold.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,771.55, according to data from ADVFN, down from US$4,811.45 per ounce in our April 15th report, as investors balance the ongoing uncertainty surrounding the Iran war fueling the precious metals trade on one hand, and ensuing inflation spurred on by an oil price shock in the other, wondering how long of a timeframe they might have before a peace deal and higher interest rates take gold’s upside off the table.
This week in gold
A micro-cap gold stock worth mentioning when it comes to the disciplined pursuit of value is Spanish Mountain Gold (TSXV:SPA), who sold a 1.5 per cent royalty on its eponymous project in British Columbia to Wheaton Precious Metals (TSX:WMP) for the tidy sum of US$55 million. The project is expected to produce about 3 million ounces of gold over an almost 25-year mine life.
Another near-term producer, LaFleur Minerals (CSE:LFLR), announced a new discovery at its Swanson gold deposit in Quebec yielding 1.18 grams per ton of gold over 255.04 metres, adding conviction to mineral continuity and expansion potential. The company signed a C$30 million offtake agreement with Trafigura in the same week.
Shifting from development to production, we end this week’s gold report with Blue Lagoon Resources (CSE:BLLG), a micro-cap miner rapidly advancing operations at its Dome Mountain mine in British Columbia, which is ramping up to 150 tons per day over the coming weeks, having only reached production in September, as leadership vies to secure further sales and expand the resource with a Q3 2026 drilling program.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 15,000+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 14,200+ views.
- Tudor Gold (TSXV:TUD) | 9,500+ views.
- Pirate Gold (TSXV:YARR) | 2,500+ views.
- Freegold Ventures (TSX:FVL) | 2,000+ views.
- NexGold Mining (TSXV:NEXG) | 2,000+ views.
Join the discussion: Find out what investors are saying about the stocks in this week’s gold report on Stockhouse’s stock forums and message boards.
