Gold rises, American Eagle lands

By Staff reporter / May 04, 2021 / www.mining-journal.com / Article Link

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.

Recent News

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com

Gold stocks down even as metal price rises

August 04, 2025 / www.canadianminingreport.com

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok