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The Market Online’s Weekly Gold Report – June 26, 2024

Market News, Mining
26 June 2024 05:00 (EDT)
AI-generated image of gold bars beside a computer with a financial chart.

(Source: Adobe Stock)

Western Exploration Inc. (TSXV:WEX) is set to embark on a highly targeted drilling campaign in 2024 that will look look to expand its gold and silver resources at its wholly owned Aura project.

The program will largely focus on the Jarbidge rhyolite east of the Gravel Creek resource area and has the potential to unlock considerable value.

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Commodity prices

As of the time of this writing Tuesday, the price of gold sits at US$2,319.10 per ounce, which is down 0.65 per cent over a one-week period. Year-to-date, the price of gold is up 14.29 per cent, according to data from Kitco.com.

This week in gold

  1. Infield Minerals (TSXV:INFD) has completed the acquisition of 1468289 B.C. Ltd. (BC Co) and the option to acquire 100 per cent interest in the Kings Canyon Property in Utah.
  2. Victoria Gold (TSX:VGCX) shares dip 82 per cent after it revealed that a heap leach pad at its Eagle gold mine in Yukon Territory experienced a failure on Monday morning, leading to an ongoing operational suspension.
  3. Agnico Eagle Mines (TSX:AEM) picked up C$2,874,856.57 worth of Maple Gold Mines stock (TSXV:MGM) from investors in a recent flow-through financing.

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