RTG Mining (TSX:RTG) associate, Mt. Labo, signed an offtake and financing deal with Glencore to fund early-stage development of its Mabilo project in the Philippines. On a combined basis, the project’s resources and reserves exceed 370,000 tons of copper and 1.2 million ounces of gold.
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By the ounce
At the time of writing on Tuesday, the price of gold sat at US$2,927.40 per ounce, up from US$2,920.30 in our March 5 report, according to data from The Globe and Mail, as tariff-based uncertainty continues to weigh on global stocks and foster demand for safe havens.
This week in gold
G Mining Ventures (TSX:GMIN) began site preparations at its Oko West gold project in Guyana. The preliminary economic assessment (PEA)-stage property boasts an after-tax net present value (5 per cent) of US$1.4 billion at a base case of US$1,950 per ounce of gold.
Loncor Gold (TSX:LN) released material drill results from the Imbo project’s 3.66-million-ounce Adumbi gold deposit in the Congo. A 2021 PEA substantiates an after-tax net present value of US$624 million at US$1,600 gold.
Canadian Gold (TSXV:CGC) will sell approximately $3 million in shares to McEwen Mining (TSX:MUX), a global gold and silver producer, which will own a 5.9-per-cent stake upon closing.
Top six trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 16,700+ views.
- New Found Gold (TSXV:NFG) | 11,900+ views.
- Tudor Gold (TSXV:TUD) | 5,600+ views.
- Fortune Minerals (TSX:FT) | 5,200+ views.
- Maritime Resources (TSXV:MAE) | 4,900+ views.
- No other gold stocks in this week’s top 10 mining Bullboards. See you next Wednesday!
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(Top image, generated by AI: Adobe Stock)