Cannabis is trending on the Canadian market due to the legalization of recreational marijuana across Canada in 48 hours. However, gold stocks are also up on the Canadian markets today.
Let’s take a closer look at a few of the gold stocks up today.
Rusoro Mining Ltd (TSXV:RML)
Rusoro Mining engages in the acquisition, exploration, development, and operation of gold mining in Venezuela. The company currently has 12 projects within Venezuela.
Four days ago, Rusoro announced that it had received a settlement proposal from the Bolivarian Republic of Venezuela. Rusoro will be paid over $1.28 billion USD for its mining data. This announcement is surprising considering the company’s economic crisis and downturn.
“We are very pleased that we have agreed on terms of a settlement with Venezuela,” said Vladimir Agapov, Chairman of Rusoro. “We look forward to the execution of the Settlement Agreement and towards our continued relationship with Venezuela in assessing two of Rusoro’s former gold projects regarding a potential partnership to restart production of the Choco 10 and San Rafael – El Placer mines.”
According to Yahoo Finance, RML is currently trading at $0.31 a share, up +$0.09 (+40.91%).
Pacton Gold Inc. (TSXV:PAC)
Pacton Gold is a junior exploration company that is based out of Vancouver, Canada. It engages in the acquisition, exploration, and evaluation of mineral properties in the US and Canada.
12 hours ago, Pacton released news on its initial prospecting at its Friendly Creek project. Prospectors collected gold nuggets from six locations at the Friendly Creek tenements. The announcement earlier today is the reason for the stock’s sharp rise.
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According to Yahoo Finance, PAC is currently trading at $0.40 a share, up +$0.03 (+9.59%).
GT Gold Corp (TSXV:GTT)
GT Gold is also a mineral company that is based out of Vancouver, BC. GT engages in the acquisition, exploration, and development of gold properties in Canada. The mining company also explores for silver and copper.
GT hasn’t had updated news since last week. The gold stock is most likely up due to a market trend toward gold stocks today.
According to Yahoo Finance, GTT is currently trading at $1.62 a share, up +$0.12 (+8.00%).
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