Gold Report: Junior stocks with multi-million-ounce potential
Junior stock West Red Lake Gold Mines (TSXV:WRLG) has restarted production at its Madsen mine in Ontario. The property is estimated to contain 1.65 million ounces indicated and 370,000 ounces inferred at a base case of US$1,800 per ounce, representing a 45 per cent discount to the price as of May 27.
Click here for the full story. By the ounce
At the time of writing on Tuesday, the price of gold was US$3,294.20, up from US$3,284.60 per ounce in our May 21 report, according to data from The Globe and Mail, holding steady despite a global equity recovery over the past week driven by optimism for further discussions between the U.S. and its major trade partners. This week in gold
Agnico Eagle Mines (TSX:AEM) increased its investment in Fury Gold Mines (TSX:FURY) by almost 3x to 9.9 per cent of issued shares on a partially diluted basis, granting it exposure to a multi-million-ounce portfolio while de-risking a retail allocation.
Ashley Gold (CSE:ASHL) returned up to 20.2 grams per ton of gold in recent samples from its Howie project in Ontario, supporting the potential for significant gold mineralization on the property and bolstering its overall portfolio's multi-million-ounce upside.
Globex Mining (TSX:GMX) noted that portfolio company Radisson Mining (TSXV:RDS) is adding 18,000 metres of drilling to its 2025 program at its O'Brien project in Quebec, where recent and historical exploration has yielded high-grade and visible gold, an estimated 1.2 million ounces indicated and inferred, and a runway to uncover up to a 4-million-ounce resource according to management's projections. Top trending gold stocks
Join the discussion: Find out what everybody's saying about the junior mining stocks in this week's gold report on Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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