The Financial Post reports in its Tuesday edition that gold's steady rise to above $1,800 an ounce means that gold projects long gathering dust are suddenly back in reach, and the country could see a wave of new gold mines built as a result. The Post's Gabriel Friedman writes that companies across Canada boast shovel-ready or close-to-shove-ready gold exploration projects are surging. Pure Gold Mining is around half finished constructing its Madsen gold mine in Red Lake, Ont., and projected to produce gold by year-end. Its stock has more than tripled in price. After trading around 60 cents since 2016, it started surging in March and now trades at $2.19, with a market valuation of $840-million. Nearby, Great Bear Resources is also exploring for gold, and though it has yet to publish an initial resource estimate, its stock has risen 32 per cent in the past year to $12.98 with a market capitalization of $650-million. Michael Siperco, an analyst in Toronto at Velocity Capital, said that so far the rising price of gold and its effect on gold miners' profits has been overshadowed by other factors, including debt repayments and the pandemic, which caused temporary slowdowns and uncertainty in first quarter results.