Gold Above $4,500 And A Permitted Tanzanian Project Heading For First Pour: How A Sub-$0.20 Junior Is Positioned For The Next Phase
Equity Insider News CommentaryIssued on behalf of Lake Victoria Gold Ltd.With sterilization drilling underway, a US$25 million gold loan term sheet in place, and senior peers logging record Q1 revenue at $4,800+/oz realized gold prices, the African gold development trade is being repriced — and one fully permitted, near-term producer remains under the institutional radar.VANCOUVER, BC, May 28, 2026 /CNW/ -- Gold has spent the better part of 2026 trading above the $4,500 per ounce level. Senior producers have responded with record cash flows and record revenue. B2Gold reported $200 million in Q1 net income on a realized gold price of $4,193 per ounce. Alamos Gold posted record quarterly reven