In the latest edition of Stockhouse’s Gold Report, we’re surveying miners with recent milestones suggesting that their capacity for value creation, and by association, their stock prices, have ample room to run.
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.
We kick things off with Stellar AfricaGold (TSXV:SPX), whose recent soil samples on its Zuénoula joint venture in Cote d’Ivoire uncovered 18 kilometres in new strike length grading up to 1.24 grams per ton (g/t) gold.
The massive discovery on the 395.78-square-kilometer project complements a 22-km-long shear zone interpreted by historic air magnetic data, positioning the company to generate positive exploration-based news flow for potentially years to come.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,468.54, according to data from ADVFN, down from US$4,503.76 per ounce in our May 20th report, speaking to continued concerns about rising inflation as the war between US-Israel and Iran enters its fourth month with only faint glimmers of a resolution. Additionally, India, one of the world’s top gold and silver markets, raised import duties on the precious metals from 6 to 15 per cent on May 13, causing a wave of selling that ramped up downward price pressure.
This week in gold
Another micro-cap gold miner stepping into blue-sky potential is Wallbridge Mining (TSX:WM), whose C$22.4 million investment from none other than Agnico Eagle Mines (TSX:AEM) will fund a pre-feasibility study at the company’s flagship Fenelon project in Quebec. Fenelon’s estimated 1.75 million ounces of gold indicated and 1.65 million ounces inferred is valued at more than US$15 billion in the ground, or more than 160 times Wallbridge’s current market capitalization.
Next up, we have Inventus Mining (TSXV:IVS), whose latest assays from ongoing phase-2 drilling at its Pardo gold project, located near Sudbury, Ontario, yielded up to 47.87 g/t gold over 0.46 m within 12 m of surface, increasing leadership’s confidence in delivering a maiden resource estimate by Q4 2026. Concurrently, the processing of a 10,000-ton bulk sample is underway, with the initial 2,512 tons producing gold that exceeded sampling costs by 102 per cent, opening the door for near-term cash flow.
This week’s Gold Report concludes with Perpetua Resources (TSX/NASDAQ:PPTA), which secured a 13-year, US$2.9 billion loan from The Export-Import Bank of the United States to usher its Stibnite project in Idaho to production. The project hosts one of the top-10 largest gold deposits in the country – on track to produce more than 4 million ounces over a 12-year mine-life – plus the US’s largest known antimony resource and more than a dozen high-priority exploration targets, setting investors up to sit back and watch interest compound into the 2040s, contingent on commodity demand.
Top trending gold stocks
- West Red Lake Gold Mines (TSXV:WRLG) | 9,400+ views.
- New Found Gold (TSXV:NFG) | 8,600+ views.
- Tudor Gold (TSXV:TUD) | 5,900+ views.
- Wallbridge Mining (TSX:WM) | 5,000+ views.
- Monument Mining (TSXV:MMY) | 2,400+ views.
- Equinox Gold (TSX:EQX) | 2,100+ views.
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