CAPITAL MARKETS

Gold rises, American Eagle lands

Gold majors gain

Staff reporter
 American Eagle Gold has its eye on further potential in Nevada, at its flagship Golden Trend project

American Eagle Gold has its eye on further potential in Nevada, at its flagship Golden Trend project

It was worth $1,792/oz at the time of writing.

Meanwhile Orefinders Resources' spin-out American Eagle Gold (TSXV: AE) started trading yesterday, having raised C$3.6 million at 20c per share.

Part of the Ore Group, insiders and management own 44% of the company, which is focused on its flagship Golden Trend asset in Nevada adjacent to Barrick Gold and Newmont's Goldrush joint venture.

It said its VP exploration Mark Bradley was Barrick's Cortez project team leader during Barrick's discovery of Goldrush, for which Bradley was co-recipient of the prestigious Thayer Lindsley Award for international mineral discovery from the Prospectors and Developers Association of Canada in 2014.

Shares in the junior closed down 10% to 18c.

Elsewhere, Newmont rose 3.3% in New York as it celebrates 100 years and Barrick gained 4.24% in Toronto.

London and Japan had holidays yesterday and China's break extends until Thursday.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.