Northstar Gold (CSE:NSG) recently signed two key non-binding memorandums of understanding (MOUs) that are a pivotal first step to advancing its business.
The first MOU was signed with Hunan Nonferrous Geological Exploration Institution Pvt. Ltd., a subsidiary of the Remote Sensing Geological Survey and Monitor Institute of Hunan Province in China.
This partnership grants Hunan Nonferrous the opportunity to explore and develop a near-surface NI43-101 gold mineral resource at Northstar’s 100-per-cent-owned Miller Copper-Gold Property in Ontario.
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Commodity prices
As of the time of this writing Tuesday, the price of gold sits at US$2,621.20 per ounce, down from $2,653.84 in last week’s update, according to data from Kitco.com.
This week in gold
- Laurion Mineral Exploration’s (TSXV:LME) president and CEO Cynthia Le Sueur-Aquin increases her stake in the company to 750,000 stock options.
- Ibrahim Traoré, junta leader and president of Burkina Faso, declares in a radio address that he would withdraw certain foreign mining permits in a bid to nationalize the production of gold, the country’s top export.
- Robex Resources (TSXV:RBX) reveals it is on pace for first gold pour at its Kiniero Project in Guinea by Q4 2025.
Top six trending gold stocks
- New Found Gold (TSXV:NFG)
- Tudor Gold (TSXV:TUD)
- B2Gold (TSX:BTO)
- Maritime Resources (TSXV:MAE)
- Fortune Minerals (TSX:FT)
- Sirios Resources (TSXV:SOI)
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