In this week’s Stockhouse Gold Report, we explore four projects whose demonstrated mineralization may provide a strong foundation for investors pursuing long-term exposure to the sector.
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.
First, we look at Toronto-based miner, Revival Gold (TSXV:RVG) reported encouraging initial results from its 2026 drill program at the Mercur Gold Project in Utah, having completed approximately 7,400 metres of a planned 18,000-metre campaign. Assays from the first 13 reverse-circulation holes returned notable intercepts, including 1.65 g/t gold over 30.5 metres and 0.92 g/t gold over 30.5 metres, with results from the South Mercur area suggesting that potentially heap-leachable mineralization extends below the limits of the open pit outlined in the project’s Preliminary Economic Assessment. The company believes these findings could support future resource expansion, while ongoing drilling focuses on resource conversion, growth and engineering studies. Revival Gold currently has two drill rigs operating on site, with two more expected later this summer, as it advances work toward a Preliminary Feasibility Study targeted for completion by the end of the first quarter of 2027.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,064.91, according to data from ADVFN, up slightly from US$4,053.22 per ounce in our July 8th report, as investors continue to assess weaker-than-expected U.S. economic data, particularly labour market figures, which led investors to scale back expectations for further Federal Reserve interest rate hikes. Lower rate expectations tend to benefit gold because the metal does not pay interest, making it more attractive relative to interest-bearing assets when rates are expected to remain lower.
Ongoing economic and geopolitical uncertainty has helped maintain demand for gold as a safe-haven asset, although expectations surrounding U.S. monetary policy appear to have been the primary near-term driver.
This week in gold
West Red Lake Gold Mines (TSXV:WRLG) reported strong operational improvements at its Madsen Mine in Ontario during the second quarter of 2026, as production ramp-up efforts continued to gain momentum. Mined tonnage increased 46 per cent quarter-over-quarter to 75,524 tonnes, while mined ounces rose 73 per cent to 10,459 ounces. Gold production climbed 51 per cent to 8,576 ounces, supported by higher mining rates, improved grades, better mine sequencing, and increased operational efficiency. The company also built a surface stockpile containing an estimated 1,500 ounces of gold and expects mill throughput to increase from about 842 tonnes per day to roughly 1,000 tonnes per day in the second half of 2026 as it advances toward its targeted production profile.
Jaguar Mining (TSX:JAG) is also in the news, having reported strong second-quarter 2026 results, producing 13,057 ounces of gold, a 19 per cent increase from a year earlier and above guidance, driven largely by the successful ramp-up of the restarted Turmalina mine, which contributed 3,994 ounces, or 31 per cent of total production. The Pilar mine produced 9,063 ounces during the quarter, while the company continued advancing mine development and drilling programs across both operations to support future growth. Jaguar also ended the quarter with a strong cash position of C$74.8 million and maintained its 2026 production guidance of 50,000 to 60,000 ounces, supported by improving operational flexibility and favourable gold prices.
To close out this week’s Gold Report, let’s look at One Bullion (TSXV:OBUL) who provided an exploration update from its Botswana gold projects, highlighting the completion of a high-resolution geophysical survey at the Vumba Gold Project and continued progress at the Maitengwe Gold Project, where surveying is about 40 per cent complete. The company has also secured a drilling contract for its fully funded maiden 3,000-metre diamond drill program, which is scheduled to begin in August 2026. Data from the ongoing surveys is being integrated with historical geological information to refine drill targets and support future exploration efforts across its portfolio.
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