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The Market Online’s Weekly Gold Report – Nov. 20, 2024

Market News, Mining
20 November 2024 07:00 (EST)
Gold bars and a climbing bar chart.

(Source: Adobe Stock)

K92 Mining (TSX: KNT) has announced its Q3 2024 financials, highlighting it achieved 44,304 ounces of gold equivalent (AuEq), including 41,702 oz of gold, 1,278,492 lbs of copper, and 37,613 oz of silver produced.

In a news release, the company stated that over 80 per cent of its annual production guidance was met by Q3 and remains on track to meet its annual targets.

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Commodity prices

As of the time of this writing Tuesday, the price of gold sits at US$2,627.70, up from $2,597.80 per ounce in last week’s update, according to data from Kitco.com.

This week in gold

  1. Blue Lagoon Resources Inc. (CSE: BLLG) receives a draft mine permit from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation for its Dome Mountain Gold Project in B.C.
  2. In its Q3 2024 report, Dynacor Group (TSX:DNG) announced achieving record sales of US$76.2 million and a net income of $5.9 million.
  3. Amaroq Minerals Ltd. (TSXV:AMRQ) reveals several key agreements as it prepares to begin gold production at its Nalunaq gold mine in Q4 2024.

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(Top photo: Adobe Stock)


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