Our top story in this week’s gold market report focuses on Globex Mining Enterprises (TSX:GMX), which holds a portfolio of mid-stage exploration, development and royalty properties prospective for a diversity of metals and minerals, including gold, silver, platinum, palladium, copper, zinc, lead, nickel, manganese, titanium oxide, iron, molybdenum, lithium, rare earths, antimony, mica, silica, apatite, talc, magnesite, potassic feldspar and pyrophyllite.
The company’s recent milestones include confirming a potentially large, low-grade open-pit gold deposit at its Duquesne West/Ottoman gold project in Quebec, in addition to intercepting numerous new lithium pegmatites within significant, near-surface intervals at its Lac Escale (Mirage) project, also in Quebec.
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Commodity prices
As of the time of this writing Tuesday, the price of gold sits at US$2,741.61 per ounce, down slightly from US$2,748.40 in last week’s update, according to data from Kitco.
This week in gold
- Agnico Eagle (TSX:AEM) achieved record free cash flow for the fourth consecutive quarter as it continues to aggressively pursue its portfolio’s significant exploration upside.
- Signature Resources (TSXV:SGU) shared new drilling results from its Lingman Lake gold deposit in Ontario, including a highlight of 1.23 grams per ton of gold over 28 metres.
- New Found Gold (TSXV:NFG) unveiled new metallurgical testing results from its Queensway project in Newfoundland, posting a weighted average gold recovery of 96.9 per cent.
Top six trending gold stocks
- Desert Gold Ventures (TSXV:DAU)
- Laurion Mineral Exploration (TSXV:LME)
- Tudor Gold (TSXV:TUD)
- Signal Gold (TSX:SGNL)
- Leopard Lake Gold (CSE:LP)
- Electrum Discovery (TSXV:ELY)
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(Top image, generated by AI: Adobe Stock)