North Peak Resources (TSXV:NPR) is a gold explorer worth considering thanks to its falling stock price and significant upside, de-risked by a parent company with proven exploration prowess and a historically productive district in Nevada yielding over 2.9 million ounces.
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By the ounce
At the time of writing on Tuesday, the price of gold was US$3,250.10, down from US$3,425 per ounce in our May 7 report, according to data from The Globe and Mail, driven by a recovery in global equity markets following U.S. trade deals with the U.K. and China.
This week in gold
Eminent Gold (TSXV:EMNT) completes the third drill core hole on its Hot Springs Range project in Humboldt County, Nevada, showing alteration similar to HSC002, which returned multiple gold zones grading up to 8 grams per ton. The result further substantiates the project’s similarity to the 50-million-ounce Getchell Trend.
Near-term producer Desert Gold Ventures (TSXV:DAU), based in Western Mali, makes a strong case as an acquisition target. Click here to learn why its path to a 2-million-ounce resource should be of interest to major players such as Barrick Gold.
Investing in mining stocks begins with taking the commodity market’s temperature to optimize for the most prospective opportunities. Read about the current state of demand for seven major commodities, including gold, in Stockhouse’s latest report.
Top trending gold stocks
- West Red Lake Gold Mines (TSXV:WRLG) | 11,300+ views.
- New Found Gold (TSXV:NFG) | 9,600+ views.
- Laurion Mineral Exploration (TSXV:LME) | 7,800+ views.
- Fortune Minerals (TSX:FT) | 4,600+ views.
- Calibre Mining (TSX:CXB) | 4,200+ views.
- No other gold stocks in the top Mining Bullboards this week.
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