Gold Prices Boost Canadian and Australian Junior Mining Stocks

Higher gold prices have revived interest in junior mining companies in both Canada and Australia. In Canada, EDM Resources (TSXV:EDM) saw its share price jump about 470% year‑to‑date, secured C$1.5 million in warrant exercises and is advancing a gold exploration program at its Scotia mine in Nova Scotia. Auro Metals (TSXV:AURO), after acquiring the Santa Barbara project in Ecuador, reported a 424% share‑price gain and is conducting a 10,000‑metre drill program to expand its gold‑copper resource.

In Australia, the ASX index rose 0.57% as gold prices rose 1.4% to roughly US$4,140 per ounce. The materials sector broke a four‑day losing streak, led by gold miners whose index jumped 2.83%. Notable movers included Deep Yellow (+8.36%), Boss Energy (+7.5%) and Aeris Resources (+7%). The broader S&P/ASX 200 was lifted by the rally in gold‑related stocks, while banks also added modest gains.