Novagold Resources (TSX:NG) announced an agreement with Barrick Gold (TSX:ABX) to acquire the latter’s 50 per cent interest in Donlin Gold LLC for US$1 billion in cash. The Donlin gold project houses about 39 million ounces in measured and indicated resources.
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By the ounce
At the time of writing on Tuesday, the price of gold sat at a record high of US$3,436, up from US$3,245 per ounce in our April 16 report, according to data from The Globe and Mail, as investors seek refuge from Trump’s global tariff measures and his relentless pressure on the U.S. Federal reserve to cut interest rates.
This week in gold
Dynacor Group (TSX:DNG) reported unaudited gold sales of US$28.8 million in March and record quarterly sales of US$80 million in Q1 2025 from its Veta Dorada plant in Peru.
The Trump administration selected the Stibnite gold-antimony project, owned by Perpetua Resources (TSX:PPTA), as a Transparency Project under its move to strengthen domestic critical mineral production. Four other publicly traded miners also made the list.
LaFleur Minerals (CSE:LFLR) is on track to restart gold production from the recently acquired Beacon Mill in Val-d’Or, Quebec, as the price per ounce tests record levels. The company’s nearby Swanson deposit houses a resource of 187,900 ounces.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 10,400+ views.
- Laurion Mineral Exploration (TSXV:LME) | 6,300+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,300+ views.
- Orvana Minerals (TSX:ORV) | 5,300+ views.
- Calibre Mining (TSX:CXB) | 5,200+ views.
- No other gold stocks in the top Mining Bullboards this week.
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(Top image, generated by AI: Adobe Stock)
