Headwater Gold (CSE:HWG) is raising up to C$1 million through a non-brokered private placement, including commitments from Jeff Phillips, President of Global Market Development, and Rick Rule, the world-renown billionaire mining investor and speculator.
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This content has been prepared as part of a partnership with Headwater Gold Inc., Norsemont Mining Inc., Galleon Gold Corp. and SKRR Exploration Inc., and is intended for informational purposes only.
By the ounce
At the time of writing on Wednesday, the price of gold was US$3,371.60, down from US$3,399.70 per ounce in our August 13th report – according to data from The Globe and Mail – with investors hoping for actionable insights from U.S. Fed Chair Jerome Powell when he unveils a new policy framework at the Kansas City Federal Reserve’s annual Economic Policy Symposium, which kicks off on Thursday.
This week in gold
Rick Rule’s latest portfolio top-up wasn’t the only notable gold investment to hit the wire this week, with two miners and another high-profile individual investor putting money to work.
Rob McEwen, chairman of McEwen Mining (TSX:MUX), made the lead order in a C$1.392 million financing tranche for Norsemont Mining (CSE:NOM), a junior gold explorer with a flagship project housing 2,184,000 gold equivalent ounces indicated and 557,000 gold equivalent ounces inferred.
Global gold and silver producer Pan American Silver (TSX:PAAS) invested C$8 million into Galleon Gold (TSXV:GGO), a junior miner advancing a preliminary economic assessment-stage project in Timmins, Ontario, with an indicated and inferred resource of more than 1.5 million ounces of gold.
SKRR Exploration (TSXV:SKRR), historically focused on Saskatchewan, completed a reverse takeover of Kenz Global Resources, a private explorer with significant assets in Saudi Arabia. This includes a majority interest in the 99-square-kilometre AM ARTI gold project, where favorable geology within the prolific Arabian–Nubian Shield adds conviction to potential mineralization.
Top trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 10,300+ views.
- Equinox Gold (TSX:EQX) | 7,700+ views.
- Tudor Gold (TSXV:TUD) | 6,700+ views.
- Fortune Minerals (TSX:FT) | 5,100+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 4,700+ views.
- No other gold stocks in this week’s top mining Bullboards.
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