Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) will merge their three operating mines, offering exposure to combined production of more than 180,000 ounces per year at a market capitalization of more than A$1 billion.
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By the ounce
At the time of writing on Tuesday, the price of gold sat at US$3,324.90, down from US$3,436 per ounce in our April 23 report, according to data from The Globe and Mail, as companies adapt to Trump tariffs and global equity markets continue to regain their footing.
This week in gold
STLLR Gold (TSX:STLR) delivered improved gold grades from drilling at its Tower project in Ontario with the help of artificial intelligence.
Outcrop Silver and Gold (TSXV:OCG) reported a high-grade discovery at its Santa Ana silver project in Colombia, marking its fifth over the past year.
As the price of gold hovers near its all-time-high, explorers with sizeable resources offer strong investment potential, especially in regions that have made their name through discovery and production of the yellow metal. Desert Gold Ventures (TSXV:DAU), a Canadian gold explorer active in West Africa, fits this thesis to a tee.
Top trending gold stocks
- Calibre Mining (TSX:CXB) | 9,200+ views.
- New Found Gold (TSXV:NFG) | 8,500+ views.
- Laurion Mineral Exploration (TSXV:LME) | 6,400+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 6,100+ views.
- Maritime Resources (TSXV:MAE) | 4,500+ views.
- No other gold stocks in the top Mining Bullboards this week.
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(Top image, generated by AI: Adobe Stock)