West Red Lake Gold Mines Ltd. (TSXV:WRLG) provided an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario. Following the fatal incident at site on the morning of June 16th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up to full operations based on personnel availability and within a safety-first structure.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$3,311.55 per ounce, down from US$3,337 in our June 25 report, according to data from The Globe and Mail, as global markets adjust to the ongoing geopolitical tensions between Israel and Iran, as well as Ukraine and Russia.
This week in gold
Awalé Resources Ltd. (TSXV:ARIC) reported assay results from the latest four diamond drill holes on the company’s Charger discovery, part of the Odienné Project in Côte d’Ivoire. The four step-back holes drilled 70 metres below previously reported high-grade intercepts confirm the extension of the mineralized system and reinforce the depth potential at Charger. Additional drilling at Charger is now underway to test the down-plunge extent of the open mineralized system to 600 metres depth.
IamGold Corp. (TSX:IMG) announced that it had completed the final delivery of gold ounces as required under its gold prepay arrangement, concluding the 150,000-ounce gold prepay arrangements that were implemented as part of a previous financing package for the construction of Côté Gold.
Canary Gold Corp. (CSE:BRAZ) stated that a sonic drill rig has been successfully mobilized and is now on site at the Company’s flagship Madeira River Project in Rondônia, Brazil. Drilling has commenced and will focus on expanding near-surface gold targets within the highly prospective Mocururu unit.
Top trending gold stocks
- Laurion Mineral Exploration (TSXV:LME) | 20,000+ views.
- New Found Gold (TSX:NFG) | 10,200+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 8,000+ views.
- Maritime Resources (TSXV:MAE) | 7,500+ views.
- Fortune Minerals (TSX:FT) | 7,000+ views.
- Freegold Ventures (TSX:FVL) | 6,600+ views.
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