The U.S. imposed tariffs on 1-kg and 100-ounce gold bars, disrupting the global bullion market with emphasis on Switzerland, which exported gold worth US$61.5 billion into the U.S. in 2024, about a third of which would now be subject to tariffs.
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This content has been prepared as part of a partnership with LaFleur Minerals Inc., Puma Exploration Inc. and Goldgroup Mining Inc., and is intended for informational purposes only.
By the ounce
At the time of writing on Tuesday, the price of gold was US$3,399.70, down only slightly from US$3,419.80 per ounce in our August 6 report – according to data from The Globe and Mail – shunning how the U.S. tariffs, if instituted, would likely disrupt demand and push prices higher.
This week in gold
Despite elevated tensions, as the US plays the aggressor in yet another major market, gold companies are still making value-accretive moves to fortify their long-term growth plans. Here are three standout examples over the past week:
LaFleur Minerals (CSE:LFLR) announced the completion of seven diamond drillholes spanning a combined 1,764 metres since early July at its Swanson gold project in Quebec. Assays are pending, with numerous targets still to be explored near the project’s indicated and inferred resources. The company’s stock has added 100 per cent year-over-year driven by its demonstrated progress towards near-term production.
Puma Exploration (TSXV:PUMA) published new high-grade gold grab samples from the Lion zone on its Williams Brook project in New Brunswick, including highlight assays up to 55.70 grams per ton of gold, strengthening the 400 metre by 10-25 metre zone’s potential to host economical mineralization.
Goldgroup Mining (TSXV:GGA) closed a C$12 million private placement featuring participation from Eric Sprott, whose repeated investments are but one green flag among many that have motivated investors to lift the gold producer’s stock by more than 2,500 per cent year-over-year.
Top trending gold stocks
- New Found Gold (TSX:NFG) | 6,800+ views.
- Laurion Mineral Exploration (TSXV:LME) | 6,200+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 5,800+ views.
- B2Gold (TSX:BTO) | 5,400+ views.
- Tudor Gold (TSXV:TUD) | 4,300+ views.
- No other gold stocks in this week’s top mining Bullboards.
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