Stockhouse’s Weekly Gold Report brings you top stories about mining stocks vying for a spot on your watchlist.
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.
Our top story takes a look at Dynacor Group (TSX:DNG), the world’s only publicly listed processor of artisanal gold. The company made its first gold pour at a new facility in Senegal, successfully expanding its Peru-based operations, reinforcing its long-history of growth and profitability for the future.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,156.01, according to data from ADVFN, down from US$4,200.06 per ounce in our October 1st report, representing a 4% gain year-over-year.
Gold is vacillating in the face of a strengthening US dollar and a lack of clarity about the potential for future US interest rate hikes, with minutes from the most recent Federal Open Market Committee meeting slated to hit the wire on Wednesday.
On the upside, as reported by Kitco, a survey at this year’s London Bullion Market Association Conference sees gold surpassing the US$5,000 mark in a year’s time, driven by rising government debt and central banks’ strengthening view of gold as an essential diversifier.
This week in gold
Royalty and streaming titan Franco-Nevada (TSX/NYSE: FNV) made a C$22.2 million investment in Kenorland Minerals (TSXV: KLD), a North American explorer whose district-scale portfolio, covering some of Canada’s most prospective mining regions, carries considerable discovery potential.
RPX Gold (TSXV:RPX) discovered new high-grade mineralization at its Wawa project in Ontario, enriching the open pit at the centre of a 2026 preliminary economic assessment – C$523 million net present value at US$3,500 per ounce of gold – while raising expectations for a pre-feasibility study expected in the first half of 2027.
Liberty Gold (TSX:LGD) raised US$8.5 million from an asset sale, increasing operational flexibility as it focuses on advancing its flagship Black Pine gold project in Idaho to production. The feasibility-stage project, valued at US$2.9 billion at US$3,250 per ounce of gold, carries initial capital costs of only US$411 million, positioning the company to generate significant leverage over gold prices over a 16-year mine life, contingent on financing.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 13,100+ views.
- Monument Mining (TSXV:MMY) | 8,500+ views.
- Tudor Gold (TSXV:TUD) | 7,500+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,800+ views.
- Spanish Mountain Gold (TSXV:SPA) | 3,900+ views.
- NorthIsle Copper and Gold (TSXV:NCX) | 3,700+ views.
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