Gold Report: A week awash in positive news flow
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At the time of writing on Wednesday, the price of gold was US$3,337 per ounce, down from US$3,405 in our June 18 report, according to data from The Globe and Mail, as global markets rebound following a ceasefire between Israel and Iran. This week in gold
LaFleur Minerals (CSE:LFLR) is on track to pour its first gold in 2026 at its Beacon mill in Quebec amid ongoing progress towards a preliminary economic assessment at its vastly untapped Swanson project. The 750-ton-per-day mill resides near numerous third-party gold deposits.
Cygnus Metals (TSXV:CYG) received C$16.2 million in commitments from institutional and sophisticated investors. The funds will support resource growth, technical studies and permitting at its flagship Chibougamau copper-gold project in Quebec, which holds estimated resources of 306,000 tons of copper and 314,000 ounces of gold.
New Gold (TSX:NGD) and Globex Mining (TSX:GMX) represent brightening opportunities to benefit from record gold prices, given their portfolios' long-term development runways and their stock prices' recently exponential trajectories. Top trending gold stocks
Join the discussion: Find out what everybody's saying about the stocks in this week's gold report on Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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