This week’s top story comes from Scorpio Gold (TSXV:SGN), a junior miner undertaking an C$8 million non-brokered private placement with Ross Beaty and Eric Sprott, two of the most prominent figures in the Canadian mining industry.
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This content has been prepared as part of a partnership with gold miners Scorpio Gold, Pasofino Gold, Slam Exploration and North Peak Resources, and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold was US$3,616.40, up from US$3,424.20 per ounce in our August 27th report – according to data from The Globe and Mail – driven by growing expectations of a rate cut in September from the U.S. Federal Reserve, coupled with a steep rise in central bank buying, with non-U.S. central banks owning more gold than U.S. Treasuries within their international reserves for the first time since 1996.
This week in gold
West African gold miner Pasofino Gold (TSXV:VEIN) in on track to add value to its Dugbe project over the next year through resource validation, mine planning, infrastructure and environmental studies. The project’s 2025 feasibility study estimates a net present value of US$524 million at US$1,700 per ounce of gold.
Slam Exploration (TSXV:SXL) hit up to 16.20 grams per ton (g/t) of gold on its Jake Lee project in New Brunswick, following up high-grade intercepts only 100 metres away of up to 94.80 g/t gold reported in July.
We wrap up this week’s report with Nevada gold miner North Peak Resources (TSXV:NPR), which combines risk management, mining grade potential and market trends into a compelling value thesis. Watch the full analysis.
Top trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 9,700+ views.
- Tudor Gold (TSXV:TUD) | 8,600+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 7,900+ views.
- NeXGold Mining (TSXV:NEXG) | 7,500+ views.
- New Found Gold (TSXV:NFG) | 6,900+ views.
- Equinox Gold (TSX:EQX) | 6,300+ views.
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