BofA sees higher gold prices, likely to hit $5,000/oz in 2026
Investing.com - Canaccord Genuity initiated coverage on Gorilla Gold Mines (ASX:GG8) with a Speculative Buy rating and a price target of AUD1.00.
The Western Australian gold explorer has established a portfolio of three high-grade, past-producing projects located near major mining and processing hubs across the Eastern Goldfields region.
Gorilla Gold’s assets include Comet Vale, acquired in 2018, which contains 95,700 ounces of gold at a grade of 3.4 grams per tonne.
The company expanded its holdings in 2024 with the acquisition of Mulwarrie from Genesis Minerals, containing 350,000 ounces at 3.6 grams per tonne, and Vivien from Ramelius Resources, containing 278,000 ounces at 4.1 grams per tonne.
The three projects combined give Gorilla Gold a total resource base of 723,700 ounces of high-grade gold in Western Australia’s established gold mining districts.
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