Jaguar Mining (TSX:JAG), a producing gold stock, has suspended operations at its Turmalina mine in Minas Gerais, Brazil, because of a slump in the north wall of its nearby Satinoco tailings pile. The stock gave back over 25 per cent on Monday.
An inspection on December 7, 2024, revealed “areas of concern” at Satinoco, according to Monday’s news release, prompting the evacuation of Jaguar personnel and the relocation of 134 nearby community members to local hotels before the slump occurred.
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Commodity prices
At the time of writing on Monday, the price of gold sat at US$2,680.80, up from US$2,640.18 per ounce in last week’s update, according to data from Kitco.
This week in gold
Lode Gold (TSXV:LOD) has had a year of growth achieving one milestone after another, granting investors an attractive opportunity to build a position before receiving stock in two distinct entities.
Silvercorp Metals (TSX:SVM) unveiled plans to transform the Condor gold project in southern Ecuador into a high-grade underground mining operation.
Radisson Mining Resources (TSXV:RDS) reported a bonanza-grade gold discovery at its O’Brien project in Quebec’s Abitibi region.
Top six trending gold stocks
- Laurion Mineral Exploration (TSXV:LME).
- New Found Gold (TSXV:NFG).
- Tudor Gold (TSXV:TUD).
- Silver Tiger Metals (TSXV:SLVR).
- Carolina Rush (TSXV:RUSH).
- Collective Mining (TSX:CNL).
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(Top image, generated by AI: Adobe Stock)
