In episode 12 of Contributors Corner, Stockhouse’s Lyndsay Malchuk interviews Paul Sun, chief executive officer of Eminent Gold (TSXV:EMNT), a junior miner in Nevada, about the growing trend of major miners increasing reserves through junior acquisitions.
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This content has been prepared as part of a partnership with Globex Mining Enterprises Inc., Eminent Gold Corp., Centerra Gold Inc., Midland Exploration Inc., ElDorado Gold Corp. and Amex Exploration Inc., and is intended for informational purposes only.
By the ounce
At the time of writing on Tuesday, the price of gold was US$3,441.10, down from US$3,345.90 per ounce in our July 16 report, according to data from The Globe and Mail, with increasing long positions, junior market sentiment and US inflation supporting World Gold Council’s thesis for higher prices.
This week in gold
Globex Mining Enterprises (TSX:GMX) continues to deliver value-accretive developments from its polymetallic 258-asset portfolio, with numerous recent milestones at properties with established resources de-risking the case for an investment.
Junior miner Midland Exploration (TSXV:MD) announced a C$5,058,750 financing, through which Centerra Gold (TSX:CG), one of Canada’s top gold miners, intends to take a 9.9 per cent position.
Striking a similar note, Quebec junior gold miner Amex Exploration (TSXV:AMX) will undertake an up to C$30 million financing, including a C$17.6 million investment from Eldorado Gold (TSX:ELD), a gold and base metals producer that generated 520,000 ounces of gold in 2024, granting it a 17 per cent stake in Amex on an undiluted basis.
Top trending gold stocks
- New Found Gold (TSX:NFG) | 15,700+ views.
- Laurion Mineral Exploration (TSXV:LME) | 13,600+ views.
- Northern Dynasty Minerals (TSX:NDM) | 9,800+ views.
- Tudor Gold (TSXV:TUD) | 6,100+ views.
- Fortune Minerals (TSX:FT) | 5,700+ views.
- Sirios Resources (TSXV:SOI) | 5,200+ views.
Join the discussion: Find out what everybody’s saying about the junior and major mining stocks in this week’s gold report on Stockhouse’s stock forums and message boards.
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