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The Market Online’s Weekly Gold Report – July 10, 2024

Market News, Mining
TSX:VGCX
10 July 2024 07:05 (EDT)
AI-generated image of gold bars beside a computer with a financial chart.

(Source: Adobe Stock)

Cyanide was detected near Victoria Gold’s (TSX:VGCX) Eagle Gold Mine in Yukon Territory in the aftermath of the June 24 landslide and failure of a heap leach pad at the property.

Yukon’s energy and mines minister John Streicker said samples taken from the mine’s site indicated a cyanide presence of 8.58 mg per litre, which is much higher than the allowed levels of 0.005 mg per litre or five parts per billion.

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Commodity prices

As of the time of this writing Tuesday, the price of gold sits at US$2,363.40 per ounce, which is up 0.29 per cent over a one-week period, according to data from Kitco.com.

This week in gold

  1. New Found Gold (TSXV:NFG) completes its purchase of Labrador Gold’s Kingsway Project in Newfoundland.
  2. Relevant Gold (TSXV:RGC) has entered into an agreement with Kinross Gold (TSX:K) for the purpose of a $1.53 million private placement
  3. BULGOLD (TSXV:ZLTO) has begun exploration diamond drilling at the Lutila Gold Project in Slovakia.

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