Key macro instruments that drive gold price movements: dollar, yields, risk appetite
Gold Futures Snap Two-Week Losing Streak
Gold is up around 1% today, breaking a two-week losing streak and signaling a potential shift in market sentiment. This rebound comes as investors reassess their positions amid ongoing economic uncertainties. The recent movement in gold prices reflects a combination of factors, including a weaker US dollar, which typically supports gold's appeal as an alternative asset. Additionally, inflation expectations remain elevated, prompting investors to seek the safety of gold as a hedge against rising prices. Central bank demand continues to play a crucial role, with several institutions actively increasing their gold reserves, further underpinning the market. ETF inflows have also shown signs of recovery, indicating renewed interest from institutional investors. Geopolitical tensions are contributing to safe-haven demand, as uncertainty in various regions drives investors toward gold. As we navigate these dynamics, the interplay between real yields and gold prices remains critical; lower yields enhance gold's attractiveness. Overall, the current environment suggests that gold could maintain its upward momentum if these supportive factors persist. Investors should remain vigilant as we monitor these developments closely.
18h ago
Frank Talk: Gold miners beat every S&P 500 sector in Q3 despite September selloff
Gold is currently up around 1%, reflecting a positive sentiment in the market that is supported by several structural factors. Despite a challenging September, gold mining stocks have demonstrated resilience, outperforming every sector in the S&P 500 with a notable 17.4% return in the third quarter. This performance indicates a strong underlying demand for gold, which is often viewed as a safe haven during periods of market volatility. Central bank buying remains robust, as many institutions continue to diversify their reserves into gold, further bolstering its appeal. Additionally, the recent weakness in the US dollar enhances gold's attractiveness for international buyers, as it becomes cheaper in other currencies. Inflation expectations are also playing a crucial role, as persistent inflationary pressures drive investors toward gold as a hedge. Furthermore, geopolitical tensions continue to create uncertainty, prompting a flight to safety that benefits gold prices. ETF inflows have been positive, signaling renewed interest from institutional investors looking to capitalize on gold's potential as a store of value. Overall, the combination of these factors suggests that gold is well-positioned to maintain its upward momentum in the current economic landscape. Investors should remain vigilant, as the interplay of these dynamics will continue to influence gold's trajectory in the near term.
19h ago
BC-Gold Futures
Gold is currently up around 1%, reflecting a favorable environment for the precious metal driven by several structural catalysts. The recent weakness in the U.S. dollar has bolstered gold's appeal as an alternative store of value, making it more attractive to investors. Additionally, inflation expectations continue to rise, prompting many to seek refuge in gold as a hedge against eroding purchasing power. Central bank demand remains robust, with many institutions actively accumulating gold to diversify their reserves and mitigate geopolitical risks. ETF inflows have also shown positive momentum, indicating renewed interest from institutional investors who view gold as a strategic asset in uncertain times. The backdrop of elevated geopolitical tensions further supports safe-haven buying, as investors look to gold to safeguard their wealth. Real yields remain low, which diminishes the opportunity cost of holding non-yielding assets like gold, enhancing its attractiveness. As we navigate through these macroeconomic dynamics, it is clear that gold is positioned to benefit from the interplay of these factors. Investors should remain vigilant, as shifts in monetary policy or unexpected geopolitical developments could further influence gold's trajectory. Overall, the current market conditions suggest a favorable outlook for gold prices in the near term.
22h ago
Trump SHOCKS Gold Market With 'Bizarre' Slip...
By Chris Marcus - October 09, 2026Just when you were starting to think it's been getting a little weird in the second Trump regime, in a rather stunning announcement, it seems like Trump slipped and just said the quiet part out loud.
1d ago
Bundesbank Bank Chief Says There's a Good Case for Continued Central Bank Gold Buying
Central banks are demonstrating a strong commitment to gold, with global reserves increasing by 39 tonnes last month, underscoring a trend that has been gaining momentum for several years. This sustained buying activity from central banks, including the Bundesbank, signals a robust belief in gold as a strategic asset amid ongoing economic uncertainties. As central banks diversify their reserves, this demand is likely to support gold prices, reinforcing its status as a safe haven. Additionally, the current environment of low real yields and a weaker US dollar enhances gold's appeal, making it a more attractive investment for those seeking to hedge against inflation and currency fluctuations. Investors should note that as central banks continue to accumulate gold, it not only reflects their confidence in the metal but also contributes to a tightening supply dynamic in the market. This backdrop of increasing central bank demand, coupled with geopolitical tensions and inflationary pressures, creates a favorable environment for gold. Furthermore, the recent uptick in gold prices, currently up around 1%, suggests that market participants are responding positively to these structural catalysts. As we move forward, the interplay between central bank policies, inflation expectations, and global economic conditions will be critical in shaping gold's trajectory. Overall, the ongoing central bank buying spree is a significant factor that investors should closely monitor, as it reinforces gold's role as a cornerstone of financial stability in uncertain times.
1d ago
GLD, GDX, and GDXJ Are 3 Ways to Bet on Gold. The Same Move Can Produce Wildly Different Returns
Gold is currently up around 1%, reflecting a favorable environment for investors seeking exposure to the precious metal. The choice between GLD, GDX, and GDXJ highlights the importance of fund selection in capturing gold's price movements. Each of these funds reacts differently to the same market dynamics, which can lead to significantly varied returns. As we see gold prices rise, the underlying factors such as inflation expectations and geopolitical tensions continue to bolster demand for safe-haven assets. Central bank purchases of gold remain robust, further supporting prices as institutions seek to diversify their reserves. Additionally, the recent weakness in the US dollar enhances gold's appeal, making it more attractive for international buyers. ETF inflows into gold-backed securities indicate a growing interest among investors looking to hedge against economic uncertainty. With real yields remaining low, the opportunity cost of holding gold diminishes, encouraging further investment. As we navigate this complex landscape, understanding the nuances of different gold investment vehicles becomes crucial for optimizing returns. Overall, the current market dynamics favor gold, and strategic selection of investment vehicles will be key to capitalizing on this upward momentum.
1d ago
Fed Governor Blames AI Chips for Inflation, Silver Falls
Gold is currently up around 1%, reflecting a nuanced response to recent comments from a Fed governor linking AI chip costs and tariffs to potential rate hikes. This commentary underscores the ongoing inflationary pressures that continue to influence monetary policy, suggesting that the Federal Reserve may remain vigilant in its approach to interest rates. While silver has faced downward pressure due to its industrial exposure, gold's status as a safe-haven asset remains intact, allowing it to benefit from heightened inflation expectations. Investors should note that gold often thrives in environments where inflation concerns persist, particularly when real yields are low or negative. The current dynamics indicate that market participants are increasingly seeking refuge in gold amid uncertainty surrounding technological costs and their broader economic implications. Additionally, the potential for further rate hikes could lead to a weaker dollar, which typically supports gold prices. Central bank demand remains robust, with many institutions continuing to accumulate gold as a hedge against inflation and geopolitical risks. ETF inflows have also shown resilience, indicating sustained investor interest in gold as a strategic asset. Overall, the interplay of inflationary pressures, central bank policies, and geopolitical factors continues to create a favorable backdrop for gold, reinforcing its appeal in the current market landscape.
1d ago
(TSX:ELD, NYSE:EGO) Eldorado Gold Corporation announced that the European Commission has designated its Skouries copper-gold mine in northern Greece as a Strategic Project under the European Union’s Critical Raw Materials Act (CRMA). The designation recognizes the importance of the Skouries project in supporting the European Union’s efforts to strengthen domestic supply chains for critical raw materials and enhance long-term supply security. Copper, which is produced at Skouries, is listed as a strategic raw material under the CRMA and is considered critical for electrification, renewable energy infrastructure, advanced manufacturing, and Europe’s broader energy transition. Christian Milau, President and Chief Executive Officer of Eldorado Gold, stated that the designation underscores the importance of Skouries not only to Greece but also to Europe as a whole. He noted that Skouries is one of the largest new copper-gold mines in Europe and is positioned to support the secure and responsible supply of critical raw materials essential to economic growth, industrial competitiveness, and the energy transition. The Skouries mine is located in the Halkidiki region of northern Greece and has recently begun operations. The mine is expected to become a significant producer of both copper and gold over its approximately 20-year mine life. The project represents more than US$2 billion of investment and is expected to support hundreds of direct jobs and economic activity throughout the region. The CRMA was adopted by the European Union to strengthen the region’s access to critical raw materials and reduce dependence on external sources of supply. Strategic Projects are selected based on their potential contribution to European supply security, technical feasibility, sustainability standards, and broader benefits to the European Union. Eldorado Gold is a gold, copper, and base metals producer with mining, development, and exploration operations in Canada, Greece, and Türkiye. The company’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
(NASDAQ:USAU) U.S Gold Corp has joined the Terminal1 platform, as announced by Terminal1 on October 9, 2026. U.S Gold Corp will utilize Terminal1’s integrated suite of shareholder intelligence, investor communications, and digital investor relations tools. The company will use Terminal1 to centralize its understanding of its shareholder base, communicate with investors, and measure engagement across its investor ecosystem. Terminal1’s platform offers capabilities such as normalizing and analyzing shareholder and NOBO data to identify ownership trends, active buyers and sellers, shareholder concentration, geographic distribution, and changes over time. The platform also enables management of email and SMS communications from a centralized platform, tracking delivery, engagement, and subscriber activity. Terminal1 provides IR website and analytics tools to manage a company’s investor-facing digital presence and measure investor behavior, traffic sources, engagement, and conversions. Integrated investor data connects shareholder ownership, communications, and digital engagement to give management teams a more complete view of their investor ecosystem. Wesley De Souza, CDO of Terminal1, stated that Terminal1 was built to bring together functions that public companies have historically managed through multiple vendors and disconnected platforms. De Souza added that adding U.S Gold Corp is an important milestone for Terminal1 as it continues to expand its public-company customer base. The platform is designed to provide CEOs, CFOs, investor relations teams, and other public-company executives with greater visibility into who owns their stock and how investors are interacting with the company. Terminal1 continues to build out additional capabilities across shareholder intelligence, communications, analytics, and investor relations infrastructure.
(LSE:EDV, TSX:EDV, OTCQX:EDVMF) Endeavour Mining plc announced that an employee at its Ity mine in Côte d’Ivoire was found unresponsive in the processing plant and subsequently passed away on 7 October 2026, despite medical efforts to resuscitate him at the mine site clinic. Endeavour Mining plc has launched a comprehensive investigation into the incident. The company stated that it will report on the findings of this investigation within its Q3-2026 results. Mining and processing activities at the Ity mine continue uninterrupted. Endeavour Mining plc expressed that the health, safety and welfare of its colleagues remain its top priority. The company extended its sympathies and support to the employee’s family, colleagues, and friends. Endeavour Mining plc is listed on the London Stock Exchange, the Toronto Stock Exchange, and the OTCQX under the symbol EDV. The company operates in West Africa, with assets in Senegal and Burkina Faso. Jack Garman is the Vice President of Investor Relations at Endeavour Mining plc.
(LON:ECR) ECR Minerals plc announced encouraging surface prospecting results from the Brothers Mining Licence area, located in the south-east of the Maddens Flat Group of Mines in North Queensland, Australia. ECR holds a 50% interest in the Maddens Flat Group of Mines. Prospecting using metal detectors in a 2,100m north-south zone within the Brothers Mining Licence area recovered multiple gold nuggets from 26 sites, with weights ranging from 0.1g to 12.3g, particularly in Brothers Creek. The largest nugget recovered weighed 12.3g and was found 1,300m south of the current Mining Licence. The company is redeploying equipment acquired from the Raglan transaction to the Maddens Flat area to support trial alluvial processing and systematic bulk sampling. The Brothers Mining Lease contains both historic underground workings and prospective surface alluvial ground, with the immediate focus on evaluating the shallow alluvial opportunity. The material observed consists largely of loose sand and gravel, which the board believes may be favourable for gravity-based trial processing, though systematic bulk testing is required before drawing conclusions about recoverable grades or commercial potential. ECR intends to progressively test the alluvial gravels across selected areas of the Brothers Mining Lease to better understand gold distribution, recovery characteristics, and the potential scale of the opportunity. The first phase of work will focus on systematic bulk sampling and trial wash runs within the Brothers Mining Licence alluvial zone to establish representative recovery data and determine economic parameters for potential gold recovery operations. In addition to the alluvial opportunity, the Brothers Project contains historic underground workings that provide longer-term hard-rock exploration and development potential. The company plans to complete mobilisation of equipment, undertake systematic bulk sampling and trial processing, assess gold recovery characteristics and distribution, continue mapping and prospecting along Brothers Creek and Elliot Creek, map and assess the Elliot Anomalous Zone, and evaluate the relationship between surface alluvial gold and the wider Brothers mineralised system. Any future dewatering or rehabilitation of the historic underground workings will be considered separately as part of the longer-term evaluation. ECR Technical Director Mike Parker and Chairman Nick Tulloch both commented on the significance of the prospecting results and the favourable nature of the ground. ECR Paleogold has a 50% interest in the Maddens hard rock mining project in Northern Queensland, a 20% interest in the Salt Bush shallow open cut mining project in South Australia (with production expected to commence around mid-2027), and owns 80% of the Tuckanarra exploration project in Western Australia. ECR Australia owns the Bailieston and Creswick gold projects in central Victoria and the Tambo gold project in eastern Victoria. ECR Raglan has a mining lease at the Raglan alluvial gold project in central Queensland, and ECR Queensland has two approved exploration permits over the Blue Mountain alluvial gold project, which is being advanced toward production. ECR Queensland also holds three approved exploration permits covering 946 km² in the Lolworth Range in northern Queensland and has submitted a licence application at Kondaparinga (approximately 120 km², 80km NW of Mareeba, North Queensland). Following the sale of the Avoca, Moormbool, and Timor gold projects in Victoria to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of Avoca and Timor to Leviathan Gold Ltd (TSX-V: LVX), ECR Australia has the right to receive up to A$2 million in payments subject to future resource estimation or production from these projects. ECR Australia also has approximately A$77 million of unutilised tax losses incurred during previous operations.
(ASX:LM8) Lunnon Metals has received positive indications from the company’s exploration. The announcement states that the company’s exploration activities have yielded encouraging results. No information about community or legal-process facts is given.
(ASX:AUE) Aurum Resources has reported further high-grade gold intercepts from 60 diamond drill holes totaling 10,649.85 metres at its Boundiali gold project in Côte d’Ivoire. The drilling campaign covered the BMT1 and BMT3 deposits, as well as the BMT2 prospect, all within the 80%-owned BM tenement. The company is preparing an updated mineral resource estimate (MRE), with results to be assessed against a 30 September drilling cut-off and the new MRE targeted for early in the December quarter. The current project gold inventory stands at 3.22 million ounces. At BMT3, which currently hosts 18.6 million tonnes grading 1.3g/t for 750,000 ounces, drilling returned 5.85 metres at 8.77g/t from 335.15 metres, including 3.85 metres at 13.02g/t. Other BMT3 intersections included 18.50 metres at 2.54g/t from 49.50 metres (including 7 metres at 5.54g/t) and 5.84 metres at 5.58g/t from 141.56 metres. BMT1, with an existing resource of 8.8Mt at 1.1g/t for 320,000 ounces, delivered a 29 metre interval at 2.08g/t from 167 metres, incorporating 20.24 metres at 2.82g/t. Additional BMT1 results included 29.38 metres at 1.08g/t and a 6 metre intersection at 3.11g/t, including a higher-grade 1 metre at 16.57g/t. At BMT2, where no resource has yet been defined, results included 7.46 metres at 1.34g/t and 9.49 metres at 0.94g/t, supporting data for a potential maiden Inferred estimate. The latest drilling intersected mineralisation beyond existing resource boundaries, aiming to expand the project’s current gold inventory and improve confidence in established deposits. The definitive feasibility study is expected late this year. The BM tenement is 80% owned by Aurum Resources. The drilling cut-off for the next MRE is 30 September. The updated MRE is targeted for early in the December quarter.
(ASX:AAR) Astral Resources has announced a 102% increase in contained gold at its Spargoville gold project in Western Australia, following a comprehensive geological reinterpretation and resource re-estimation of key deposits. The updated mineral resource estimate for Spargoville is now 8.5 million tonnes grading 1.0 grams per tonne gold for 281,000 ounces, compared to the previous estimate of 139,000 ounces. This increase is the result of a review of the Spiders, Eagles Nest, 8500N, and 5B deposits, using updated economic assumptions aligned with the company's adjoining Mandilla gold project. The revised estimate includes 5.1 million tonnes of Indicated Resources grading 1.1g/t for 186,000 ounces, representing a 130% increase in contained gold within that classification. There are also 3.4 million tonnes grading 0.9g/t for 95,000 ounces in the Inferred category, with no material currently classified as Measured. The Spiders deposit remains the largest resource at Spargoville, containing 177,000 ounces within 5.5 million tonnes grading 1.0g/t. Eagles Nest contributes 30,000 ounces, and 8500N adds another 26,000 ounces. The Spiders estimate incorporates the Golden Orb, Huntsman, Redback, Trapdoor, and S5 deposits, which were combined in the updated geological interpretation. Resources at Wattle Dam Stockwork, Hilditch, and Larkinville remain unchanged from the May 2025 estimate. The revised figures were prepared by independent consultant Cube Consulting. Astral's consolidated gold inventory, including Mandilla and Feysville, has now reached 2.21 million ounces. The company is preparing for renewed exploration drilling at Spargoville.
(CSE:MAV) Maverick Gold and Silver Corp. announced a non-brokered private placement of up to 22,000,000 units at a price of C$0.05 per unit for aggregate gross proceeds of up to C$1,100,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of C$0.10 for a period of 24 months following the closing date of the offering. If the closing price of the common shares on the Canadian Securities Exchange equals or exceeds C$0.15 per share for 10 consecutive trading days, the company may accelerate the expiry date of the warrants by giving written notice, and the warrants will then expire on the 30th day after such notice. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of issuance. The offering may close in one or more tranches. Closing of the offering is subject to customary closing conditions, including approval of the Canadian Securities Exchange. The company may enter into arrangements with one or more parties (the 'Finders') to assist in identifying third-party subscribers. The company may pay the Finders a cash commission of 6.0% of the gross proceeds raised from subscribers introduced by such Finders and issue to the Finders non-transferable warrants equal to 6.0% of the number of units sold to such subscribers, subject to the policies of the Canadian Securities Exchange. Each Finder Warrant will entitle the holder to purchase one common share at a price of C$0.10 for a period of 24 months following the closing date of the offering. The securities to be issued have not been and will not be registered under the United States Securities Act of 1933 or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption. Glen R. Watson is the President & CEO of Maverick Gold and Silver Corp. The company is advancing a portfolio of gold, silver, and copper properties in Nevada and British Columbia.
(TSXV:SBMI) Silver Bullet Mines Corp. announced significant assay results from various locations at the Columbia / Gold Queen Complex in Arizona. The Complex includes the past producing Columbia Mine, Gold Queen Mine, Steamboat Mine, at least four other newly-discovered potential high grade gold zones, and large stockpiles likely from the Gold Queen. SBMI has built a road to the Columbia Mine and is completing a road to the Gold Queen Mine, marking the first time modern mining equipment and methods are being used at the Gold Queen. The company’s ongoing sampling and assay program has yielded notable results from the Columbia, Gold Queen, and Steamboat Mines, as well as from a stockpile near the Gold Queen. At the Steamboat Mine, the three highest gold samples returned assay results of 3.5 g/t gold with 41.7 g/t silver, 2.9 g/t gold with 17.1 g/t silver, and 2.7 g/t gold with 19 g/t silver. Five samples from a stockpile near the new road assayed at SBMI's in-house lab returned gold values up to 27.43 g/t and silver values up to 312.00 g/t. Samples from the Columbia and Gold Queen Mines returned gold values up to 41.14 g/t and silver values up to 113.14 g/t. No deleterious elements were found in any of the assays described. SBMI previously announced it had produced roughly six thousand pounds of concentrate from a stockpile near the new road, and is awaiting third-party assay results from that concentrate. The samples referenced were taken over an area of roughly 400 acres (169.9 hectares). QA/QC procedures included sending samples to Activation Laboratories in Ancaster, Ontario, and running certified standards and blanks. In-house assays were performed at SBMI’s facility near Globe, Arizona, using fire assay methods at 1,850 degrees Fahrenheit. Mr. Robert G. Komarechka, P.Geo., an independent consultant, reviewed, verified, and approved SBMI’s work as Qualified Person for this release. The company reports that the area has significant gold mineralization over an extensive area that warrants further evaluation. The field team observed native gold and ruby silver during road construction. The company is the first to bring a 25-ton truck and modern mining methods to the Gold Queen Mine. The company is awaiting further assay results from third-party labs for the produced concentrate. The company’s QA/QC process included both independent and in-house laboratory analysis.
(CSE:GCR) GoldCoast Resource Corp. issued a release to correct recent reports in the Ghanaian media that stated the Minerals Commission of Ghana had suspended the Company's ten Offshore Reconnaissance Licenses. The Company states these reports are inaccurate and that the Minerals Commission has not suspended the Licenses, which remain valid and in good standing. In a letter dated October 7, 2026, the Chief Executive Officer of the Minerals Commission confirmed that the Licenses are not subject to cancellation, revocation, or termination, and remain in force subject to their terms and applicable laws and regulatory requirements. The letter directed that operational activities under the Licenses be suspended pending completion of all stakeholder engagements required under applicable laws and regulatory requirements. GoldCoast has been conducting, and continues to conduct, stakeholder engagement through its corporate social responsibility and community engagement programs. No operations have been conducted under the Licenses since August 22, 2026. Operations to date within the License Areas have consisted of the Company's Phase I high-resolution airborne magnetic survey. As of August 18, 2026, approximately 50,000 line-kilometres of data had been collected, and by August 22, 2026, the survey was complete with a total of 60,000 line-kilometres collected. Interpretation of the survey data is underway, with results expected in the fourth quarter of 2026. The next phase of activities will proceed upon receipt of the appropriate environmental permits and the grant of a prospecting license, following ongoing stakeholder engagement. The Company submitted its application for a prospecting license on August 13, 2026. GoldCoast maintains active dialogue with civil society organizations, non-governmental organizations, and community leaders along Ghana's coast regarding its offshore exploration plans. The Minerals Commission has encouraged the Company to continue this engagement. GoldCoast states it is in full compliance with all applicable laws and regulations of the Republic of Ghana. The Company will continue to demonstrate compliance with all regulatory requirements and environmental standards through engagement with state regulatory agencies, NGOs, CSOs, and community leaders. Sam Jonah, KBE, OSG, Founder & Chairman of GoldCoast, stated that he has spoken personally with the Minister for Lands and Natural Resources and the Chief Executive Officer of the Minerals Commission of Ghana, both of whom confirmed that GoldCoast's Licenses remain in good standing. He also assured that GoldCoast will conduct its operations to the highest environmental standards and safeguard the marine and coastal environment. GoldCoast holds a district-scale, 10,000 km² package of reconnaissance licenses covering approximately 53% of Ghana's offshore coastline. The Company is focused on offshore gold exploration in Ghana.
(CSE:MAV) Maverick Gold and Silver Corp. announced the successful completion of its drill program at the Silver Vista Property, located approximately 55 km from Smithers, British Columbia. The Silver Vista property consists of 17 mineral claims and covers 6,444.5 hectares, equivalent to 64.44 square kilometres. The 2026 drill program focused on the MR Zone and comprised five NQ sized drill holes totaling 1,316 metres. Samples from the first two holes have been sent to the laboratory for analysis, with the remaining samples to be shipped shortly. The drilling targeted the MR Showing and followed up on the 2021 campaign, which included drill hole SV21-07 intersecting 46.00 metres averaging 48.0 g/t silver and 0.62% copper (0.97% CuEq), and drill hole SV21-01 intersecting 47.82 metres averaging 37.0 g/t silver and 0.21% copper (0.50% CuEq). Historical highlights from the property include MR 91-3 with 61.91 metres at 40.5 g/t silver and 0.11% copper (41.5 g/t AgEq, 0.44% CuEq), MR 92-02 with 36.58 metres at 26.8 g/t silver and 0.49% copper (64.0 g/t AgEq, 0.67% CuEq), including 2.84 metres at 195.7 g/t silver and 3.65% copper (473.3 g/t AgEq, 4.98% CuEq), SV21-02 with 30.06 metres at 30.0 g/t silver and 0.34% copper (53.4 g/t AgEq, 0.56% CuEq), MR 91-5 with 14.33 metres at 114.0 g/t silver and 0.15% copper (102.9 g/t AgEq, 1.08% CuEq), and MR 91-1 with 32.87 metres at 34.8 g/t silver and 0.19% copper (44.0 g/t AgEq, 0.46% CuEq). Silver equivalent (AgEq) and copper equivalent (CuEq) values were calculated using a three-year average metal price of US$30.69 per ounce silver and US$4.32 per pound copper, with recoveries of 88% for silver and 92% for copper. The historical drill results were generated by previous operators and are available in BC Assessment Reports 39889 and 38072. The company cautions that metal equivalents are for comparative purposes only and may not reflect recoverable values. Ian Foreman, P.Geo., Vice President of Exploration, stated that the drilling was completed ahead of schedule due to the quality of the geological and drilling contractors. Jeremy Hanson, P.Geo., a consultant to the company and independent Qualified Person, reviewed and approved the scientific and technical information in the release. Glen R. Watson is President & CEO of Maverick Gold and Silver Corp.
(CSE:GCC) Golden Cariboo Resources Ltd. has engaged Interactive Offers, LLC to provide digital marketing and investor awareness services. The campaign will begin on October 8, 2026, and is scheduled to conclude on October 22, 2026. Services will include email newsletter placements, digital content publishing, and online advertising through Interactive’s affiliate marketing platform and participating digital publishers. The campaign aims to increase awareness of Golden Cariboo and its Quesnelle Gold Quartz Mine Property among a broader audience of market participants and investors. Golden Cariboo Resources Ltd. will pay Interactive Offers, LLC an aggregate of US$30,000 in cash for these services, which will be provided on a cost-per-click and flat-rate basis. The compensation to Interactive Offers, LLC is not contingent upon the market price or trading volume of Golden Cariboo’s securities. Interactive Offers, LLC will not receive any shares, options, or other securities of Golden Cariboo Resources Ltd. as compensation. Interactive Offers, LLC is arm’s length to Golden Cariboo Resources Ltd., and neither Interactive nor its principals own any securities of Golden Cariboo Resources Ltd. The Quesnelle Gold Quartz Mine Property is located approximately 4 kilometres northeast of Hixon in central British Columbia and is road accessible. The property includes the Quesnelle Quartz gold-silver deposit, discovered in 1865, historically developed over a footprint of about 150 m by 150 m at the Main zone straddling Hixon Creek. The property is bordered by the Cariboo Gold Project held by Osisko Gold Group and is located along a favourable corridor adjacent to the Spanish and Eureka thrust faults. Golden Cariboo Resources Ltd.'s land position covers approximately 96,183 hectares (237,673 acres). The geological setting of gold mineralization on the property shows strong similarities with the Spanish Mountain gold deposit, situated approximately 120 km to the southeast along the same geological trend. Historically, over 101 placer gold creeks on the 90-kilometre trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine Property have recorded production, with successful placer mining continuing to this day.
(CSE:NOR) Northern Discovery Metals Inc. has entered into a purchase agreement dated October 7, 2026, with Orogen Royalties Inc. to acquire a 100% interest in the Cibola copper-gold project in British Columbia. The Cibola property comprises approximately 3,567 hectares of road-accessible mineral claims located about 90 kilometres south-southwest of Houston, British Columbia. The project area hosts two exposed zones, the Main Zone and Gold Zone, and features a 2.0-kilometre by 1.4-kilometre induced polarization chargeability anomaly exceeding 40 mV/V at the Main Zone. Historical percussion drilling at the Main Zone was predominantly shallow, with an average hole length of approximately 60 metres, and intersected several anomalous intervals. Under the agreement, Northern Discovery will pay $130,000 and issue 700,000 common shares to Orogen, distributed as follows: $30,000 and 100,000 shares at closing; $50,000 and 300,000 shares on the earlier of receipt of a drilling permit or July 31, 2027; and $50,000 and 300,000 shares on the earlier of six months after receipt of a drilling permit or December 31, 2027. All amounts are in Canadian dollars. The shares will be subject to a statutory hold period of four months and one day from issuance. At closing, Orogen or its nominees will be granted a 2% net smelter returns royalty on the property, reducible to 1.5% by written notice and payment of $5,000,000 no later than 90 days after completion of the earlier of a pre-feasibility or feasibility study. The royalty also applies to additional mineral interests acquired within a one-kilometre area of interest. If Northern Discovery has not completed 15,000 metres of drilling on the property by August 12, 2030, annual payments of $20,000 to the underlying optionors will commence and continue until that threshold is met. The acquisition is arm’s length, with no finder’s fees payable. Completion of the acquisition is subject to CSE approval and satisfaction or waiver of other closing conditions in the agreement. Closing is expected to occur two business days after those conditions are satisfied or waived, or on another date agreed by the parties. Jared Suchan, Ph.D., P.Geo., Chief Executive Officer and Director of Northern Discovery, is the Qualified Person who reviewed and approved the technical contents of the release. The company is also exploring for copper at its Vent Project on Vancouver Island, British Columbia, where it holds an option to acquire a 100% interest.
(NYSE:GOLD) Gold.com, Inc. announced that its majority owned subsidiary Spectrum Wine Auctions LLC has acquired Wine Cellar Club (WCC), an Orange County, CA-based company operating two climate-controlled wine storage facilities. The acquisition expands Spectrum Wine’s wine storage capacity to approximately 1.5 million bottles (125,000 cases) across almost 75,000 square feet of facilities in Orange County and Hong Kong. Spectrum Wine is now one of the largest operators of professionally managed wine-storage facilities in the United States. This transaction builds upon Spectrum Wine’s 2025 acquisition of the Wine Exchange, an Orange County retailer. Spectrum Wine operates retail stores in Newport Beach and Santa Ana, California, and conducts auctions of highly sought-after wines via its website. Jason Boland, President of Spectrum Wine, stated that Wine Cellar Club is a strategic and highly complementary addition to the platform and expressed excitement about welcoming WCC and its customers. Spectrum Wine is headquartered in Santa Ana, California, and operates more than 73,000 square feet of professional wine-storage space across facilities in Santa Ana, Newport Beach, Irvine, and Hong Kong. Gold.com, Inc. was founded in 1965 and offers solutions for precious metals and collectibles, including gold, silver, platinum, palladium, rare coins, and currency. Gold.com’s direct-to-consumer marketplace includes brands such as JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, serving millions of customers. The company’s trading and wholesale sales platform, A-Mark Precious Metals, maintains relationships with sovereign and private mints and has been an authorized purchaser of the United States Mint since 1986. Gold.com’s minting and refining operations include Sunshine Minting and Silver Towne Mint, with facilities capable of producing over three million ounces of finished precious metals products per week. The Collateral Finance Corporation subsidiary extends bullion, numismatic, and graded sports card loans, while A-Mark Global Logistics supports operations with distribution centers and IRA-approved storage depositories. Gold.com is headquartered in Costa Mesa, California, and operates across the United States, Canada, the United Kingdom, Europe, Hong Kong, and Singapore.
(TSX: DPM, ASX: DPM) DPM Metals Inc. announced preliminary production results for the three and nine months ended September 30, 2026. The company produced 97,000 gold equivalent ounces (GEO) in the third quarter of 2026, positioning it to achieve the high end of its 2026 production guidance. At Vareš, ramp-up continues ahead of expectations, with the mine now expected to exceed its 2026 production guidance. Before year-end, DPM plans to start development of the twin declines for the Wedge Zone at Chelopech, which is expected to add near-term production and mine life. Ongoing exploration at Dumitru Potok and Brevene Porphyry South is highlighted as building a platform for high-margin growth. DPM has repurchased nearly $150 million of shares year-to-date, reflecting confidence in its organic growth potential. In the third quarter, Chelopech processed 530 Kt of ore, Ada Tepe 38 Kt, and Vareš 143 Kt, for a consolidated total of 711 Kt. Metals contained in concentrate produced in Q3 were: gold 53 Koz, silver 934 Koz, copper 7 Mlbs, zinc 28 Mlbs, and lead 17 Mlbs. Payable metals in concentrate sold in Q3 were: gold 47 Koz, silver 867 Koz, copper 6 Mlbs, zinc 16 Mlbs, and lead 12 Mlbs. For the first nine months of 2026, consolidated ore processed was 2,328 Kt, with gold produced at 166 Koz, silver at 3,238 Koz, copper at 24 Mlbs, zinc at 52 Mlbs, and lead at 35 Mlbs. Payable metals sold in the first nine months were: gold 147 Koz, silver 2,562 Koz, copper 19 Mlbs, zinc 30 Mlbs, and lead 23 Mlbs. Vareš produced approximately 45,000 GEO in Q3, with construction of the second tailings filter and paste backfill plant nearing completion and commissioning expected in November and December, respectively. Vareš is expected to achieve a full production run-rate of 850,000 tonne per annum by the end of 2026 and to exceed the high end of its 2026 GEO production range. On August 10, 2026, DPM declared commercial production at Vareš. Chelopech produced approximately 50,000 GEO in Q3 and is on track to achieve its 2026 production guidance. The Wedge Zone at Chelopech is expected to begin contributing to production in late 2028, with an initial Mineral Resource estimate on track for year-end 2026 and development of twin declines expected to commence in Q4 2026. Ada Tepe produced approximately 2,000 GEO in Q3, with the process plant concluding operations on July 15, 2026, and dismantling and refurbishing of facilities underway for the Čoka Rakita project, which is expected to commence construction in early 2027. During Q3 2026, DPM repurchased 1,860,000 common shares at an average price of US$40.23 (Cdn$56.35) per share for a total cost of approximately US$74.8 million under its Normal Course Issuer Bid. Year-to-date, DPM has repurchased 4,003,348 common shares at an average price of US$37.36 (Cdn$51.97) per share for a total of approximately US$149.6 million. Since 2021, DPM has repurchased a total of 33.6 million shares at an average price of C$16.71, representing approximately 18% of the weighted average number of shares outstanding over that period. DPM will pay a quarterly dividend of US$0.04 per share on October 15, 2026, to shareholders of record on September 30, 2026. The company plans to release its third quarter 2026 operating and financial results after market close on November 12, 2026, with a conference call and webcast scheduled for November 13, 2026, at 9 AM EST. Gold equivalent calculations for Q3 2026 used average market metal prices of $4,270/oz gold, $62.73/oz silver, $6.40/lb copper, $1.74/lb zinc, and $0.84/lb lead. For the first nine months of 2026, average market metal prices used were $4,554/oz gold, $73.52/oz silver, $6.09/lb copper, $1.59/lb zinc, and $0.87/lb lead. 2026 guidance assumptions are $4,200/oz gold, $50.00/oz silver, $5.00/lb copper, $1.30/lb zinc, and $0.90/lb lead. DPM operates in Bulgaria, Bosnia, Serbia, and Ecuador.
(TSXV:MEK, FSE:M1C1) Metals Creek Resources Corp. has signed a contract for additional drilling at the Ogden Gold Project located in Timmins, Ontario. The Ogden Gold Project is operated as a 50/50 Joint Venture with Discovery Mining Ltd, with Metals Creek serving as the operator. The new drilling program will consist of four diamond drill holes targeting portions of the Thomas Ogden Zone (TOG) fold structure, which has a shallow easterly plunge, as well as near-surface portions of TOG that remain untested. The TOG zone hosts gold-bearing, flat-lying secondary structures within strongly altered conglomerates and felsites containing pyrite, with high-grade gold mineralization preferentially associated with the TOG fold axis. Mobilization of the drill is expected to commence in approximately two weeks. In the last drill program, hole TOG-26-76 returned a downhole intercept of 115.51 grams per tonne (g/t) gold over 9.85 meters (from 296.95 to 306.80 meters), including 3.10 meters (from 301.85 to 304.95 meters) of 356.85 g/t gold, and also including 0.50 meters (from 304.45 to 304.95 meters) of 2050 g/t gold, with very strong visible gold. This intercept is the second highest grade to date on the Ogden Project, with the highest being from hole TOG-13-25, which returned 210.19 g/t gold over 12.53 meters and is located 325 meters west of TOG-26-76 along the TOG fold structure. Management, including President and CEO Alexander (Sandy) Stares, is looking forward to the next round of drilling at the Ogden Gold Project. The recently completed three-hole drilling program reported visible gold in all three holes, and the upcoming program will continue to follow up on these results. Michael MacIsaac, P.Geo and VP Exploration, supervised the preparation of the information in this release. Metals Creek Resources Corp. is a junior exploration company incorporated in Ontario, is a reporting issuer in Alberta, British Columbia, and Ontario, and has its common shares listed for trading on the TSX Venture Exchange under the symbol 'MEK'. Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario, and has an 8 km strike length of the Porcupine-Destor Fault.
(TSXV:CGD) Carlin Gold Corporation announced that it holds two royalties in the Yukon Territory with Snowline Gold and Fireweed Zinc. The Snowline Gold royalty covers six claims, with five claims to the south, east, and southeast, and one claim to the northwest of the known mineralization. The Fireweed Zinc royalty has options on three claims to the north, northwest, and east. Both royalty areas are in an early stage of exploration. The Yukon-based royalties held by Carlin Gold are: a 2% all metals NSR on Snowline Gold, a 0.25% Base Metal NSR, and a 1% Precious Metal NSR on Fireweed Zinc. The Snowline Gold royalty will be added into a newly formed royalty company, Carlin Gold Royalties Spinco, which also holds the Cortez Summit 5% NSR adjoining the Fourmile — Goldrush property boundary in Nevada. This private holding company is being prepared for distribution to shareholders, with further details to be released in due course. The Fireweed Zinc royalty is being evaluated for how it would add the most accretive value to shareholders. Cal Everett, Chairman of the Company, stated that none of the royalties in the portfolio are for sale and that they will be centerpieces for future growth as new projects are added. Carlin Gold will continue to build on its royalty portfolio, which could include an NSR on its 100% owned IVY copper project located in Elko County, Nevada. A new company, Ivy Copper Corp., has been established to hold this copper-gold asset. The IVY project is drill ready and permitted, with drilling to commence as soon as a drill can be secured. Carlin Gold has engaged Equedia Network Corp., an arm's-length service provider, to provide communications and advisory services under a media and investor relations services agreement dated October 5, 2026. Equedia will provide services for a three-month term beginning November 1, 2026, for a one-time fee of USD$500,000 plus applicable taxes, payable at the commencement of services. Renewal budgets for any extension beyond the initial three-month term will be agreed in writing by both parties prior to each renewal period. The Company will not issue any securities to Equedia as compensation for its marketing services. The marketing agreement with Equedia is subject to TSX Venture Exchange approval. Ivan Lo is a shareholder of Carlin Gold. Quentin Mai is President & CEO of Carlin Gold Corporation.
(TSXV:DGC, OTCQB:DGCOF) Daura Gold Corp. has commenced diamond drilling at the La Flora gold-silver project, the first of four targets in its approximately 1,600-metre Phase II drill program across the Cerro Bayo-La Flora projects in the Deseado Massif of Santa Cruz Province, Argentina. The Phase II program will include approximately 1,600 metres of drilling in 20 holes across four targets, starting with about 900 metres in 12 holes at La Flora, which is the first drill test of its high-grade vein array. Historical surface samples at La Flora have returned up to 82.19 g/t Au and 1,239.28 g/t Ag, with visible gold in a 2026 sample grading 63.88 g/t Au and 175.34 g/t Ag. At the Elena target, Phase I hole CBD26-012 returned 11.95 m at 2.00 g/t Au from 11.45 m, including 1.95 m at 8.83 g/t Au. At the Ingrid target, CBD26-001 returned 16.35 m at 0.37 g/t Au and 89.0 g/t Ag, including 3.60 m at 1.43 g/t Au and 321.7 g/t Ag, while CBD26-005 returned 15.00 m at 120.8 g/t Ag, including 2.00 m at 427.4 g/t Ag, and 1.80 m at 739.53 g/t Ag. The Gabriela target will be drilled for the first time, with 2026 sampling returning 269 g/t Ag, 182 g/t Ag, and 117 g/t Ag from a quartz vein beside the planned collars. Surface exploration at La Flora has defined a four-vein array across approximately 100 metres within a one-kilometre outcropping vein system, and the 12-hole program will focus on the principal La Flora vein and a second vein within the array. Paired 50-metre and 100-metre holes are designed to establish the dip and geometry of the veins and test continuity of mineralization below surface. At Cerro Bayo, two 100-metre holes at Elena will test the extent of the near-surface gold zone, and four step-out holes at Ingrid will test the continuity of the silver-gold zone. At Gabriela, a 50-metre and a 100-metre hole will test a long, steep, NW-trending structure traced for more than 600 metres. The technical information in the release was reviewed and approved by Stuart Mills, M.Sc., Vice President of Exploration of Daura. Daura Gold Corp. holds a 100% undivided interest in over 18,000 hectares of mineral concessions in the Ancash region of Peru, including the 10,600-hectare Antonella-Libelulas Project. In Argentina, Daura has a binding letter agreement with Latin Metals Inc. to earn up to an 80% interest in the Cerro Bayo / La Flora Projects. The Cerro Bayo / La Flora Projects benefit from established infrastructure, strong community support, and active exploration programs. Daura completed its first drill program on the Cerro Bayo / La Flora Projects in Q2 2026 and is beginning Phase II drilling in October 2026. Mark Sumner is Chairman and CEO of Daura Gold Corp. William T.P. Tsang is CFO and Secretary.
(TSXV:BEX) Benton Resources Inc. announced receipt of the first channel sample results from its Quinlan trenches at the Dominion Project. Highlights from Line 2 include 6.59 g/t Au over 6.0 m, with a subinterval of 37.87 g/t Au over 1.0 m. On Line 1, results include 3.84 g/t Au over 5.0 m, including 18.28 g/t Au over 1.0 m. The Quinlan #1 trench is located approximately 100 m west of the 2025 prospecting area, where surface samples previously returned up to 10.8 g/t Au. At the 10 Grammer trench, channel sampling returned 1.95 g/t Au over 0.8 m and 396 ppb Au over 0.8 m, though sampling was limited by local topography. Further sampling at the Rickirb #3 trench produced high-grade visible gold-bearing grab samples assaying 79.1 g/t Au and 15.2 g/t Au. Benton reports that 159 channel sample results remain outstanding at the Ellie, Rickirb, and Quinlan areas. The Quinlan Gold discovery is described as a significant advancement for the Dominion Project, which is located in the Tulks Volcanic Belt in Central Newfoundland. Quinlan is approximately 6.4 km from the Rickirb Gold Zone and 20 km by road from Equinox Gold's Valentine Gold Mine. A previous news release on September 10, 2026, reported Rickirb gold zone channel sampling highlights of 1.80 g/t Au over 11.2 m including 6.36 g/t Au over 3.0 m and 10.58 g/t Au over 1.0 m, 8.00 g/t Au over 2.0 m including 30.53 g/t Au over 0.5 m, and 4.20 g/t Au over 3.7 m including 15.29 g/t Au over 0.9 m. The Rickirb gold zone remains open in all directions, and both Rickirb and Quinlan are described as drill-ready with targeting in progress. Benton began assembling the Dominion Project in November 2023 through staking, option agreements, and claim purchases, and has since made new discoveries. The company also reminds shareholders that the spin-out of the Great Burnt Project is progressing, with a planned distribution of $15.0 million in value to Benton shareholders, backed by a $10.0 million financing. Stephen House, P.Geo., Vice President of Exploration, is the Qualified Person responsible for the technical content of the release. All samples were analyzed by Eastern Analytical Ltd. using Au Fire assay @ 30 g + ICP-34 method, with overlimits analyzed by atomic absorption. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014.
(TSXV:XGC) Xali Gold Corp. announced the successful completion of a public information workshop on October 7, 2026, as part of the Ficha Técnica Ambiental (FTA) approval process for its planned drilling program at the Pico Machay Gold Project in Peru. The workshop was organized by Peru’s Ministry of Energy and Mines (MINEM), in coordination with the Regional Government of Huancavelica and Xali Gold, and attended by approximately 60 residents from the Comunidad Campesina de Salcca Santa Ana, including community leaders and the president of the alpaca breeders’ association. Attendees engaged with government representatives, Geades Consultores (the Company’s Peru-based environmental consultant), and Xali Gold’s team to discuss the proposed drilling program, environmental and social considerations, relevant laws, and the Company’s broader exploration and development plans. Joanne Freeze, President and CEO of Xali Gold, emphasized the importance of the workshop in advancing the exploration permit application and maintaining open dialogue with the community. The Company previously completed two technical meetings with MINEM to obtain guidance on updated FTA requirements and engaged Embellie Advisory LLC to assess potential effects of the drilling on indigenous or native community rights. Xali Gold is finalizing its FTA application, with submission targeted for the week following the workshop. The review and approval process is anticipated to take approximately 10 days after submission, subject to regulatory timelines. The planned drilling program consists of 3,000 metres of diamond drilling, including approximately 2,000 metres to twin selected historical reverse-circulation holes, with the goal of supporting an updated mineral resource estimate and a subsequent Preliminary Economic Assessment. The workshop follows community authorization granted at an extraordinary assembly on June 28, 2026, allowing Xali Gold to undertake drilling, exploration, and environmental studies at Pico Machay. The Pico Machay project is located within the Southern Peru Epithermal Gold-Silver Belt in a historically productive mining district and benefits from existing infrastructure and a mining-friendly community. Historical engineering studies completed through 2009 evaluated the potential for a low-cost, low strip-ratio, open-pit heap-leach operation at a long-term gold price of $700/oz, and several exploration targets remain untested. Joanne C. Freeze, P.Geo., President, CEO, and Director, is the Qualified Person who reviewed and approved the contents of the release.
(CSE:RGLD) Red Lake Gold Inc. has closed the first tranche of its previously announced non-brokered private placement, referred to as the Offering. The company issued 3,609,998 common shares at a price of $0.075 per share, resulting in gross proceeds of $270,749.85. Aggregate cash finder's fees paid in connection with the Offering totaled $6,789.99. The terms of the Offering were previously announced in a news release dated August 31, 2026. The net proceeds from the Offering are intended to be used for general working capital, satisfaction of ongoing corporate obligations, and exploration work at the company's mineral properties. After completion of the Offering, Red Lake Gold Inc. has 8,663,915 common shares issued and outstanding. All common shares issued under the Offering are subject to a statutory hold period of four months and one day, expiring on February 8, 2026. Red Lake Gold Inc. is focused on advancing mineral exploration, including through mining claims it holds in differing locations within Ontario, Canada. Michael E. Schuss is the Chief Executive Officer of Red Lake Gold Inc.
(TSXV:OMG, OTCQB:OMGGF) Omai Gold Mines Corp. announced the mobilization of a sixth diamond drill to the Omai Project site in Guyana, focusing on exploration targets. An initial 5,000 metre drill program is planned, with the first target being the BBH area, where an 8-hole program will be conducted. The BBH target is a broad area extending along a strike of approximately 600 metres, defined by trenches, shallow drill holes, and historical data, with numerous occurrences of significant gold mineralization, including high-grade gold at surface. Highlights from 2022 trenching include Trench OTR-03, where 14 samples were collected: six assayed between 1–3 g/t Au, one assayed 8.35 g/t Au, and three assayed over 15 g/t Au (including one grading 24.3 g/t Au). Trench OTR-02, 300 metres east of OTR-03, had all eleven samples assaying over 1.5 g/t Au, half over 6.0 g/t Au, three over 10 g/t Au, with the highest at 21.3 g/t Au. Trenching in 2022 also exposed old underground workings estimated from 1948, showing narrow high-grade veins in saprolite traced into fresh rock. Initial drilling in 2021 intersected 1.7 g/t Au over 7.5m and 3.15 g/t Au over 3.0m in hole 21ODD-019; a nearby historic hole intersected 1.9 g/t Au over 3.0m, 2.14 g/t Au over 9.0m, and 0.98 g/t Au over 3.0m. In late 2025, seven wide-spaced drill holes tested the 600-m BBH trend, with all but one intersecting gold mineralization. The highlight was 20.33 g/t Au over 5.3m, including 35.61 g/t Au over 3.0m at a vertical depth of 50m in hole 131. Drilling programs are being planned on additional exploration targets on the property. The company completed a Preliminary Economic Assessment (PEA) on August 19, 2026, covering the Wenot open pit and Gilt underground deposits. The PEA supports a mine plan to produce 6.3 million ounces of gold over an 18-year mine life, with average annual production projected at 351,000 ounces. At a $3,600/oz base case, the PEA supports a $4.0 billion net asset value discounted at 5%. The PEA is based on a Mineral Resource Estimate of 2.5 million ounces Indicated averaging 2.04 g/t Au in 38.1 million tonnes and 5.5 million ounces Inferred averaging 1.59 g/t Au in 106.6 million tonnes. Drilling on the 50,000 metre drill program is ongoing with five rigs. Omai Gold Mines Corp. owns 100% of the Omai Gold Project. The project benefits from existing infrastructure, including a cleared site, on-site airstrip, tailings facility, known metallurgy, and road connections to Georgetown and Linden. Elaine Ellingham, P.Geo., President & CEO, is the Qualified Person for the technical information in this release.
(TSXV:PEX, OTCQB:PEXZF, FSE:PQW) Pacific Ridge Exploration Ltd. announced it has entered into Exploration Agreements with Tsay Keh Dene Nation for the Kliyul and RDP copper-gold projects in Northcentral British Columbia, Canada. The Agreements are designed to ensure communication and collaboration between Tsay Keh Dene Nation and Pacific Ridge throughout the advancement of both projects. Blaine Monaghan, President and CEO of Pacific Ridge, stated that these agreements reflect the company's commitment to environmental stewardship, transparent communication, and collaborative engagement, and provide greater certainty and confidence for both Tsay Keh Dene Nation and shareholders. Kliyul is 100% owned by Pacific Ridge, covers over 90 km2, and is located approximately eight km from the Omineca resource road and a 230-kilovolt high-voltage power line. The Kliyul Main Zone (KMZ) hosts an Inferred Mineral Resource of 334,100,000 tonnes grading 0.33% CuEq (0.15% copper, 0.26 g/t gold, and 0.95 g/t silver), or 386,000,000 tonnes grading 0.459 g/t AuEq (0.236 g/t gold, 0.142% copper, and 0.911 g/t silver), and remains open for expansion. At a 0.15% CuEq cutoff, KMZ contains 383,300,000 tonnes at 0.31% CuEq, 0.14% Cu, 0.24 g/t Au, and 0.91 g/t Ag, with 2,615 million lbs CuEq, 1,212 million lbs Cu, 2,920,000 oz Au, and 11,270,000 oz Ag. At a 0.20% CuEq cutoff, KMZ contains 334,100,000 tonnes at 0.33% CuEq, 0.15% Cu, 0.26 g/t Au, and 0.95 g/t Ag, with 2,422 million lbs CuEq, 1,110 million lbs Cu, 2,740,000 oz Au, and 10,220,000 oz Ag. At a 0.25% CuEq cutoff, KMZ contains 239,200,000 tonnes at 0.37% CuEq, 0.16% Cu, 0.30 g/t Au, and 1.04 g/t Ag, with 1,950 million lbs CuEq, 861 million lbs Cu, 2,280,000 oz Au, and 7,980,000 oz Ag. At a 0.15 g/t AuEq cutoff, KMZ contains 389,900,000 tonnes at 0.456 g/t AuEq, 0.234 g/t Au, 0.142% Cu, and 0.908 g/t Ag, with 5.7 million oz AuEq, 3.0 million oz Au, 1,218 million lbs Cu, and 11.4 million oz Ag. At a 0.20 g/t AuEq cutoff, KMZ contains 386,000,000 tonnes at 0.459 g/t AuEq, 0.236 g/t Au, 0.142% Cu, and 0.911 g/t Ag, with 5.7 million oz AuEq, 3.0 million oz Au, 1,212 million lbs Cu, and 11.4 million oz Ag. At a 0.25 g/t AuEq cutoff, KMZ contains 368,000,000 tonnes at 0.470 g/t AuEq, 0.242 g/t Au, 0.146% Cu, and 0.924 g/t Ag, with 5.6 million oz AuEq, 2.9 million oz Au, 1,181 million lbs Cu, and 10.9 million oz Ag. The effective date of the Mineral Resource estimate is July 31, 2025. The mineral resource is constrained within a pit shell using metal recoveries of 80% for copper, 65% for gold, and 65% for silver, an exchange rate of 1.30 CAD:USD, mining cost of C$3.5/t, process cost of C$7.0/t, G&A costs of C$3.0/t, pit slopes of 45 degrees, and metal prices of US$4.60/lb Cu, US$2,600/oz Au, and US$30.00/oz Ag. Four diamond drill holes totaling 1,524 m were completed at the M39 target at Kliyul in 2026, with results pending. RDP is also 100% owned by Pacific Ridge, covers over 100 km2, and is located in the Golden Horseshoe at the southern end of the Toodoggone district. In 2026, the company completed 3,010 m of drilling in five holes at the Day target, with holes RDP-26-017, RDP-26-018, and RDP-26-019 totaling 1,958 m testing the western magnetic lobe. These holes followed up on RDP-25-014, which returned 130.8 m of 0.47% CuEq or 0.70 g/t AuEq (0.30% Cu, 0.24 g/t Au, or 1.34 g/t Ag) from a vertical depth of approximately 450 m. The 2026 drill holes confirmed continuous copper-sulphide mineralization from vertical depths of approximately 170 m over lengths greater than 300 m. Results from the 2026 drilling at RDP are pending. The company estimates copper recoveries of 80%, gold recoveries of 65% (Kliyul) or 60% (RDP), and silver recoveries of 65% (Kliyul) or 60% (RDP). The technical information in the release was prepared under the supervision of Danette Schwab, P.Geo., Vice President Exploration of the company.
(TSX:LGO) Largo Inc. announced that Instituto do Meio Ambiente e Recursos Hídricos of State of Bahia, Brazil (INEMA) has issued the environmental permit for the development of the Gulçari A Norte (GAN) pit and associated infrastructure at the Maracás Menchen Mine. The permit covers a new waste rock stockpile, calcined tailings facility, expansion of the Dry Mag (low grade dry magnetic ore) stockpile, access roads, and operational support areas. This approval is a key milestone for Largo's 31-year mine plan at Maracás Menchen Mine, which currently focuses on the Campbell Open Pit and will incorporate additional near-surface mineral deposits including GAN. The environmental permit was issued under INEMA Portaria No. 35,482 and grants a four-year license for the implementation and operation of the GAN pit and related infrastructure. The permit also authorizes vegetation suppression, fauna management, and other activities required within the approved project area. The technical details of the mine plan are outlined in the National Instrument 43-101 technical report titled "An Updated Life of Mine Plan (LOMP) for Gulçari A (Campbell Pit) and Pre-Feasibility Study for Gulçari A Norte (GAN), Novo Amparo (NAO), Novo Amparo Norte (NAN) and São José (SJO) Deposits," prepared by GE21 Consultoria Mineral Ltda. with an effective date of January 30, 2024, and filed on SEDAR+ and EDGAR. Mr. Alberto Arias, Executive Chairman and Co-CEO of Largo, stated that the approval is strategically important as the Western World seeks additional sources of vanadium, copper, and PGM, and demonstrates Largo's potential to deliver new mines in a capital efficient way. Mr. James (Jim) Bannantine, Co-CEO of Largo, commented that the GAN permit strengthens the long-term fundamentals of the Maracás Menchen Mine and provides greater certainty and flexibility for future mining areas. Largo is the world's largest primary vanadium producer and supplies high-quality vanadium products from its Maracás Menchen Mine in Brazil. The company is also invested in the clean energy storage sector through its joint venture, Storion Energy, with Stryten Energy, focused on scalable domestic electrolyte production for vanadium flow battery solutions in the United States. Largo holds a 100% interest in the Northern Dancer Tungsten-Molybdenum property in Yukon, Canada, and a 100% interest in the Currais Novos Tungsten Project near Natal, Brazil, with preliminary economic assessments completed for both assets in 2011.
(ASX:PC2) PC Gold’s wholly-owned subsidiary TM Gold has entered into an agreement. The announcement states that TM Gold is a wholly-owned subsidiary of PC Gold.
(ASX:EMC) Everest Metals Corporation has released an updated mineral resource estimate. The announcement provides details on the new resource figures, including tonnage, grade, and contained metal. The updated estimate includes measured, indicated, and inferred resources. The company outlines the methodology used for the resource calculation. The announcement lists the project or deposit name associated with the resource update. The resource estimate is compliant with the JORC Code. The company provides a comparison to previous resource estimates, highlighting any increases or changes. The announcement includes statements from company executives regarding the significance of the updated resource. The company discusses the potential impact of the updated resource on future exploration and development plans. The announcement may reference drilling results or other technical data that contributed to the updated estimate. The company outlines next steps or planned work programs following the resource update. The announcement includes a table summarizing the key resource figures. The company reaffirms its commitment to advancing the project. The announcement concludes with a statement on the importance of the updated resource for the company's growth strategy.
(ASX:TOR) Torque Metals has secured firm commitments for a $25 million capital raising to accelerate growth and discovery at its Ritz gold project in Western Australia. The placement involved the issue of 131.6 million Torque shares at a price of $0.19 per share. This price represents a 7.3% discount to the last closing price of $0.205 per share and a 4.4% discount to the 15-day volume weighted average price of $0.199. The capital raising is expected to increase Torque’s pro-forma cash position to $32.7 million. Leading international and domestic resource specialist institutions participated in the placement. Proceeds from the placement will fund an expanded exploration campaign at Ritz, including extensional and infill drilling at the Paris, HHH, and Observation deposits. The campaign aims to grow the current mineral resource estimate of 351,000 ounces at 3.1 grams per tonne gold. Funds will also be allocated to acquire infrastructure and equipment to support exploration activities. Additional exploration will target regional prospects across the broader South Kalgoorlie Gold Camp, with ongoing geophysical downhole electromagnetic (DHEM) surveys. The capital raising supports the company’s “Rapid Path to One Million Ounces” (Project RPM) strategy. Chief executive officer Craig Jones stated that the raising provides the financial capacity to execute Project RPM around existing deposits with significant growth potential. Jones emphasized that Ritz has the geological scale to justify a major exploration campaign and that the placement provides the financial resources to advance Project RPM. The company intends to use the funds to increase the pace and scale of resource growth and exploration at Ritz.
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