Gold Above $4,100: The Race To Build Africa's Next Gold Mines Is On

Gold Above $4,100: The Race To Build Africa's Next Gold Mines Is On

PR Newswire

VANCOUVER, BC, July 8, 2026

Issued on behalf of Lake Victoria Gold Ltd.An experienced gold-plant builder has mobilized to a fully permitted project in Tanzania's Lake Victoria Goldfield, joining a wave of gold companies across Tanzania, Guinea, and Ghana converting approvals into activity on the groundVANCOUVER, BC, July 8, 2026 /PRNewswire/ -- Equity Insider News Commentary - Gold is trading above the $4,100 per ounce level, roughly 25% higher than it was a year ago, after setting a record of $5,597.23 per ounce on January 29, 2026[1]. Analysts at JPMorgan see the metal reaching $4,300 in the third quarter and $4,500 by the fourth[1]. At these prices, the scarce commodity in the gold sector is no longer ounces in the ground - it is execution. Fully permitted projects with experienced builders physically on site are commanding attention, and a handful of companies are delivering exactly that, including Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K), Endeavour Mining plc (LSE: EDV) (TSX: EDV) (OTCQX: EDVMF), Perseus Mining Limited (ASX: PRU) (TSX: PRU), Gold Fields Limited (NYSE: GFI) (JSE: GFI), and Predictive Discovery Limited (TSX: PDI) (ASX: PDI).