Key macro instruments that drive gold price movements: dollar, yields, risk appetite
Gold falls below $4,000 on Fed rate hike bets under Kevin Warsh
Gold fell below $4,000 as market sentiment shifted in response to rising expectations of Federal Reserve rate hikes under Kevin Warsh's influence. Spot gold has declined over 3% since the Fed's June meeting, where officials indicated that interest rates could increase before the end of the year. This shift in monetary policy outlook is pressuring gold prices, as higher interest rates typically strengthen the dollar and increase the opportunity cost of holding non-yielding assets like gold. Investors should note that the prospect of elevated rates tends to diminish gold's appeal, leading to reduced demand from both retail and institutional buyers. Additionally, the stronger dollar resulting from these rate hike bets further compounds the downward pressure on gold. Central bank demand, which has been a supportive factor for gold prices, may also wane if monetary tightening continues. ETF flows are likely to reflect this sentiment, with potential outflows as investors reassess their positions in light of rising rates. As we navigate this environment, the interplay between inflation expectations and interest rate policy will be crucial in determining gold's trajectory. Overall, the current macroeconomic landscape suggests that gold may face continued headwinds as long as rate hike expectations remain elevated.
58m ago
Gold prices today, Thursday, June 25, 2026: Prices fall below $4,000 for the first time since Nov. '25
Gold prices have fallen below $4,000 for the first time since November 2025, signaling a significant shift in market sentiment. After opening at $4,019 per troy ounce, August futures quickly retreated to $3,992.80, reflecting a broader trend of declining demand. This drop indicates that investors are responding to various macroeconomic factors, including rising interest rates and a strengthening dollar, which typically exert downward pressure on gold prices. The recent movement suggests that inflation concerns may not be sufficient to support gold in the current environment, as central banks continue to tighten monetary policy. Additionally, geopolitical tensions may be losing their impact on safe-haven assets, as market participants appear to be prioritizing yield over traditional hedges. ETF flows are likely to reflect this shift, with potential outflows as investors reassess their positions in light of these developments. As gold struggles to maintain its value, we should closely monitor central bank actions and economic indicators that could further influence market dynamics. The current price action underscores the importance of staying agile in our investment strategies, as the landscape for gold continues to evolve. Overall, the breach of the $4,000 level could mark a pivotal moment for gold, warranting careful observation of upcoming economic data and geopolitical events.
1h ago
Gold Below $4,000 on Rate-Hike Bets
Gold prices remain firmly below $4,000 a troy ounce as rising expectations for Federal Reserve rate hikes weigh heavily on the market. The prospect of higher interest rates typically strengthens the dollar, making gold less attractive as an alternative investment. As yields increase, the opportunity cost of holding non-yielding assets like gold rises, further pressuring prices. Investors should note that the current environment of tightening monetary policy is likely to continue influencing gold's trajectory in the near term. Additionally, any sustained strength in the dollar could exacerbate the downward pressure on gold prices. Market sentiment is increasingly cautious, with traders closely monitoring economic indicators that could signal the Fed's next moves. Central bank demand remains a critical factor, but the prevailing rate hike narrative is overshadowing potential support from this sector. ETF flows are also reflective of this cautious sentiment, as investors reassess their positions in light of the changing interest rate landscape. Overall, the combination of rising rate expectations and a stronger dollar suggests that gold will struggle to regain upward momentum in the immediate future.
5h ago
Hawkish Fed, Gold Below $4,000, Silver Below $60 — and a Market That Disagrees.
Gold has fallen below $4,000 for the first time since November 2025, reflecting a market increasingly influenced by a hawkish Federal Reserve stance. This decline suggests that rising interest rates are exerting downward pressure on gold prices, as higher yields typically diminish the appeal of non-yielding assets like gold. Meanwhile, silver remains below $60, indicating a broader weakness in precious metals despite some underlying demand. Notably, China has reached a two-year high in gold imports, which could signal strong physical demand that may support prices in the long run. However, major banks have maintained their price targets, suggesting a cautious outlook amid current market dynamics. Investors should note that while the Fed's hawkishness is a significant headwind, the robust demand from China could provide a counterbalance. The divergence between market sentiment and physical demand highlights the complexities at play in the gold market. As we navigate these conditions, the interplay between central bank policies, inflation expectations, and geopolitical factors will be crucial in determining gold's trajectory. Overall, the current environment presents both challenges and opportunities for gold investors as they assess the implications of these developments.
16h ago
Update: Gold Falls to a Seven-Month Low as the Dollar Climbs on Inflation Worries
Gold has fallen to a seven-month low, primarily driven by a strengthening U.S. dollar amid rising inflation concerns. This dollar strength typically exerts downward pressure on gold prices, as a more robust dollar makes gold more expensive for holders of other currencies. Investors are increasingly wary of inflation, which often leads to a flight to safety in traditional assets like gold; however, the current environment suggests that the dollar's appeal is overshadowing gold's safe-haven status. As inflation worries mount, market participants are likely recalibrating their expectations for future interest rate hikes, which can further bolster the dollar and dampen gold's allure. Central bank policies are also in focus, as any indication of tightening monetary policy could lead to higher yields, making non-yielding assets like gold less attractive. Additionally, ETF flows may reflect this sentiment, with potential outflows as investors seek to capitalize on dollar strength. The interplay between inflation, interest rates, and currency dynamics will be crucial in determining gold's trajectory in the near term. We should closely monitor these factors, as they will significantly influence investor sentiment and gold demand moving forward. In this context, gold's recent decline underscores the challenges it faces in regaining upward momentum.
19h ago
Deutsche Bank Found Gold’s Price Floor. It’s Not the Buyers You Think.
Gold's price dynamics are increasingly influenced by a structural price floor established by a consistent buyer that remains largely unaffected by price fluctuations. This buyer, identified by Deutsche Bank, is the least price-sensitive in the market, suggesting that their demand is driven by factors beyond mere price considerations. As other sources of investor demand have diminished, this persistent buyer's presence provides a stabilizing effect on gold prices, which is crucial in a volatile economic environment. With inflationary pressures continuing to loom and geopolitical tensions persisting, the demand for gold as a safe haven remains robust. Additionally, the interplay between interest rates and the dollar continues to shape market sentiment; rising yields typically exert downward pressure on gold, yet the structural support from this key buyer mitigates such impacts. Investors should note that while speculative demand may fluctuate, the underlying support from this consistent buyer could lead to a more resilient gold market. Central bank purchases also play a significant role, as they tend to accumulate gold during uncertain times, further reinforcing the price floor. ETF flows, while variable, have shown signs of recovery, indicating renewed interest in gold as a hedge against economic instability. Overall, the combination of these factors suggests that gold may have a more stable outlook than previously anticipated, driven by this unique demand dynamic.
20h ago
Two Things Are Hitting Gold Simultaneously. Only One of Them Is About Gold.
Gold and silver are currently facing downward pressure from two significant factors. First, forced liquidations in chip stocks are negatively impacting metals prices, as these liquidations often lead to broader market sell-offs that include precious metals. Second, the recent PCE print has created uncertainty, causing potential buyers to remain on the sidelines. This combination of factors suggests that market sentiment is currently bearish for gold, as investors react to broader market dynamics rather than intrinsic demand for the metal itself. The forced liquidation in equities can lead to a liquidity crunch, prompting investors to sell off gold to cover losses elsewhere. Additionally, the PCE data may signal persistent inflationary pressures, but until clarity emerges, many are hesitant to commit capital to gold. As a result, we are likely to see continued volatility in gold prices as these external pressures play out. Investors should remain vigilant, as the interplay between equity markets and inflation data will be crucial in determining gold's near-term trajectory. Overall, the current environment underscores the importance of monitoring both macroeconomic indicators and market sentiment when assessing gold's performance.
23h ago
(TSXV: LVG) (OTCQB: LVGLF) Lake Victoria Gold Ltd. is advancing the Tanzanian regulatory process, including Bank of Tanzania registration, for its previously announced gold loan facility of up to 6,000 ounces (~US$25 million) with Monetary Metals. The facility is structured and repaid in gold ounces, matching the financing to Imwelo's future production, and is described as one of the first structured gold-denominated project financings of its kind in Tanzania. The Imwelo Gold Project is fully permitted and held through LVG's Tanzanian subsidiary Tembo Gold (T) Limited under Mining Licence ML 538/2015. The company is progressing regulatory, registration, and notification workstreams, with completion of the facility subject to applicable regulatory approvals, registrations, notifications, and definitive documentation. Management, directors, and partners own more than 60% of the shares. The company projects further updates as the workstreams advance and targets construction readiness for Imwelo. Although Imwelo has been the subject of JORC-compliant PEA, PFS, and updated PFS work, these studies are not current under NI 43-101, and no feasibility study establishing mineral reserves has been completed.
(TSXV: MEK) Metals Creek Resources Corp. announced diamond drill results for one hole from a recently completed three hole diamond drill program at the Ogden Gold Project located in Timmins, Ontario. The program consisted of 3 diamond drill holes totaling 1233 meters targeting the lower portion of the Thomas Ogden Zone (TOG) fold structure. Drill hole TOG-26-75 returned a downhole intercept of 40.61 g/t Au over 2.60 meters, including 152 g/t Au over 0.60 meters, and a broad zone of mineralization with 8.43 g/t Au over 13.25 meters. A footwall felsic dike returned 0.58 g/t Au over 7.95 meters. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Mining Ltd., with Metals Creek serving as the operator. Assay results for the two remaining holes will be released as they are received and compiled. Metals Creek has earned a 50% interest in the Ogden Gold Property, which includes the former Naybob Gold mine and an 8 km strike length of the Porcupine-Destor Fault.
(NASDAQ:GRML) Greenland Mines Ltd announced the successful conclusion of a three-day, multi-disciplinary planning and development workshop for the Skaergaard Precious and Critical Metals Project in southeast Greenland. The workshop, held over June 22–24, brought together more than 15 international experts from GTK Mintec, Geological Survey of Finland (Finland), SLR Consulting (Canada, UK and Ireland), WSP (Denmark), and other consultants to design the next phase of technical work and development pathways for Skaergaard. Key themes included advancing understanding of Skaergaard's orebody and processing pathways, building the technical foundation through upcoming fieldwork, drilling, sampling, and environmental programs, and defining a roadmap to an Initial Assessment ("IA") or Preliminary Economic Assessment ("PEA") and beyond. The workshop included in-depth metallurgical and processing discussions, resource modeling, mine engineering sessions, and environmental baseline and permitting-relevant workstreams. Outcomes include an updated integrated plan for the 2026 drilling and sampling campaign, a refined strategy for metallurgical test work and flowsheet development, and a framework for geotechnical and environmental data integration into mine design and permitting. The company projects the advancement of the Skaergaard Project toward a potential exploitation licence application and long-term development options, as well as the expansion of its North Atlantic Critical Metals Corridor vision. Greenland Mines Ltd also operates a Biotech division, including Klotho's KLTO‑202 primary indication for ALS.
(CSE: MAV) Maverick Gold and Silver Corp. announced that it has received a Mines Act Permit and Multi-Year Area-Based (MYAB) exploration approval from the British Columbia Ministry of Mining and Critical Minerals, Mines Competitiveness and Authorizations Division, for its Silver Vista Silver-Copper Property located approximately 55 kilometres northeast of Smithers, British Columbia. The approval includes Mines Act Permit and Cutting Authorization No. MX-100000825 and remains in effect until March 31, 2031. The permit authorizes a broad range of exploration activities, including diamond drilling, geological mapping, geochemical sampling, geophysical surveys, and access trail construction. Maverick also received formal confirmation that mineral claim #1133268, applied for in January 2026, has been granted, adding 295.4 hectares to the Silver Vista property, which now comprises 12 mineral claims covering 5,134.5 hectares or 51.35 square kilometres. Historical drilling by previous operators intersected 46 metres grading 48 g/t silver and 0.62% copper, with higher-grade intervals reported within the mineralized zone. The company projects that with permitting secured through March 2031, it can focus on executing its fully funded 2026 program, including a planned diamond drilling program aimed at expanding known mineralized horizons and testing several high-priority targets.
(TSXV:PINK) Falcon Gold Corp. has entered into an Option Agreement to acquire a 100% interest in the West Hammond Contact Property, consisting of 156 mining claims (140 single-cell claims and 16 boundary claims) covering 3,067.918 hectares, located within the Atikokan-Hammond Reef Gold District of northwestern Ontario. Under the terms of the Option Agreement, Falcon may acquire the property by making aggregate cash payments of C$135,000, issuing an aggregate of 1,000,000 common shares, and incurring C$600,000 in exploration expenditures over a four-year option period. Upon earning a 100% interest, the Vendor will retain a 2.0% Net Smelter Return ("NSR") royalty, with Falcon having the right to purchase 50% of the NSR royalty (being a 1.0% NSR) for C$1,000,000. The Hammond Reef Gold Deposit, according to Agnico Eagle's public disclosure, hosts approximately 3.3 million ounces of probable gold reserves and an additional 2.3 million ounces of measured and indicated gold resources. Falcon's flagship Central Canada Gold Project is located approximately 20 kilometres southeast of Agnico Eagle's Hammond Reef Gold Deposit in northwestern Ontario. The company projects to commence prospecting, geological mapping, rock and soil sampling, and the advancement of priority targets identified through historical exploration and recent geological interpretation upon acceptance of the Option Agreement by the TSX Venture Exchange. Falcon also maintains a 49% interest in the Burton Gold Property in partnership with IAMGOLD near Sudbury, Ontario, and holds exploration-stage gold targets in British Columbia.
(TSXV: BOL) Bold Ventures Inc. announced the intersection of high-grade gold mineralization in diamond drilling at its Traxxin Project, located 130 km west-northwest of Thunder Bay, Ontario. Hole TX-26-02 returned 100.7 g/t (3.2 oz/t) gold over 2.95 meters, including 476 g/t (15.3 oz/t) gold over 0.6 meters, from a quartz vein with visible gold along the east side of the Traxxin Main Zone. The Spring 2026 diamond drilling program at the Traxxin Main Zone consisted of two holes totalling 483 meters. Hole TX-26-01 was designed as a step-back hole from 2021 drillhole BV-21-04 which yielded 3.6 g/t Au over 12.3 meters, with results from TX-26-01 pending. Past trenching and drilling from 2016 to 2018 identified a gold-bearing zone of at least 300 m in strike length associated with a sheared quartz vein surface exposure from 15 to 30 m wide. The company plans additional mechanical stripping along the gold-bearing vein, as well as tightly spaced drilling targeting this vein and the newly identified shear zone to the east. Management believes their suite of Battery, Critical and Precious Metals exploration projects is an ideal combination of exploration potential meeting future demand.
(TSXV: CRG) (OTCQB: CRGCF) — Crossroads Gold Corp. announced the completion of a comprehensive historical data compilation and geological reinterpretation for the Pambula Gold Project in New South Wales, Australia. The Pambula Goldfield produced more than 40,000 oz of gold at recovered grades of an estimated 30 g/t Au, with only 32 historical drill holes (2,515m total) and the deepest hole reaching 271m (DDH-P7). Key historical intercepts include hole DDH-P7 returning 16m at 2.36 g/t Au from 94m, including 5m at 6.62 g/t Au, with no follow-up drilling completed on the main Victory ore shoot. The company identified untested deep structural targets, including a feeder-zone target at 400m depth and another at approximately 250-300m depth. Historical mining records document silver-rich sulphide mineralization and antimony-bearing sulphides, but no systematic modern assay program for silver or antimony has been completed. Crossroads plans to integrate the compiled dataset into modern GIS and 3D models to support systematic exploration, including structural modelling, geochemistry, geophysics and deeper drilling. The company projects that modern exploration methods and contemporary sulphide-processing technologies offer the potential to unlock substantial value across this underexplored district.
(TSXV: GGA) (OTCQX: GGAZF) Goldgroup Mining Inc. announced it has engaged INPROMINE, a leading mining construction company based out of Sonora, Mexico, to service all crushing and conveying equipment and the ADR plants at the San Francisco project in preparation for re-starting gold production. The US $850K contract is expected to take approximately 16 weeks to complete. The San Francisco project is 100% owned by Goldgroup and is fully permitted for a rapid restart of mining operations, comprising two open pits, heap leach processing facilities, and associated infrastructure. The company has also recently announced a 24,000 m technical drilling program designed to optimize the mine plan and resource model. Goldgroup is targeting the end of the year or early 2027 for a restart of gold production at the San Francisco project. The company is advancing a proposed business combination with Gold Resource Corporation, which holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico, and the Back Forty gold/silver development project in Michigan, USA. Together with the producing Cerro Prieto heap leach gold mine in Sonora, the San Francisco project is expected to position Goldgroup on a fast-track growth path.
(TSXV: RVG) (OTCQX: RVLGF) Revival Gold Inc. reported additional high-grade drill results from the Joss area at the Beartrack-Arnett Project located in Idaho, U.S.A. Hole BT26-254D intercepted 2.37 g/T gold over 147.2 meters drilled width at 808 meters downhole, including 9.3 g/T gold over 3.5 meters, 14.9 g/T gold over 5.9 meters, and 9.3 g/T gold over 4.7 meters at various depths. Hole BT26-253D intercepted 4.0 g/T gold over 6.8 meters at 540 meters downhole, and hole BT26-251DA intercepted 4.5 g/T gold over 4.1 meters at 719 meters downhole. The Joss area currently hosts an underground sulphide Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold. This year's drilling program included approximately 5,500 meters of core drilling with eight pierce points intersecting the Panther Creek Shear Zone. Results in BT26-254D have extended the depth of drilled mineralization in the Joss area by about 240 meters to about 850 meters below surface in the deepest hole drilled to-date on the project. The company projects that further results from the Joss drilling program are expected this summer and into the fall.
(TSXV: SPMC) (OTCQB: SPMEF) South Pacific Metals Corp. announced the commencement of exploration at its 100%-owned Kili Teke Copper-Gold Project in the Hela Province of Papua New Guinea. The project has an NI 43-101 Inferred Mineral Resource (effective 18 November 2022) of 237 Mt grading 0.24 g/t Au and 0.34% Cu, containing 1.81 Moz Au, 802 kt Cu and 40 kt Mo for 4.2Moz AuEq, defined on only the Central Main Porphyry. More than US$20 million of past work has been completed, including 55 diamond drill holes for 36,917 metres, 1,674 surface geochemistry samples, and airborne magnetic and radiometric surveys. High-grade historical results include 7.8 m @ 12.98% Cu and 11.75 g/t Au, surface rock chips to 38.7% Cu and 40 g/t Au, and 152 m @ 1.17% Cu and 0.93 g/t Au. Four prospect areas have been identified, with only one drilled, and 14 ranked drill targets have been generated using machine-learning studies. The company projects further exploration to define additional resources, with staged work beginning with low-impact field activities and building toward discovery drilling.
(TSXV:XGC) Xali Gold Corp. reported the first assay results from its recently completed underground and surface channel and rock chip sampling program at the Pico Machay Gold Project in Central Peru. Channel assay highlights include 2.22 g/t gold over 45.1 meters from Underground Channel 1, including 4.17 g/t gold over 20.0 meters, and 2.28 g/t gold over 40.0 meters from Surface Channel 2. To date, assay results have been received for approximately 25% of the 197 samples collected, with 51 samples analyzed so far. The program included 78 underground channel samples and 119 surface samples, aiming to validate, update, and potentially upgrade the historical mineral resource estimate at Pico Machay. Underground sampling was completed in three horizontal channels extending over 15 to 46 meter lengths, with continuous channel samples collected from the eastern walls over 2 to 4 meter intervals. The company projects completion of the Resource Update and Preliminary Economic Assessment (PEA) in the near future. Xali Gold maintains exploration potential at Pico Machay and holds two royalty agreements related to the El Oro gold-silver Project in Mexico.
(TSXV: NEXG; OTCQX: NXGCF) NexGold Mining Corp. announced initial results from its detailed Reverse Circulation infill drill program at the Goldboro Gold Project. The RC Infill Drill Program comprises up to 30,000 metres in 600 holes, with over 65% of the drilling complete. Drill results reported represent 3,265 m of drilling from 82 RC drill holes. Selected highlights include 61.22 g/t gold over 12.0 m (including 685 g/t gold over 1.0 m) in drill hole RC-26-073, and 5.85 g/t gold over 13.0 m (including 61.2 g/t gold over 1.0 m) in drill hole RC-26-037. The program is designed to infill specific areas of the Goldboro Mineral Resource at a nominal drill spacing of 12.5 metres and down to depths of 50 metres. The company expects to include the results of the RC Infill Drill Program in a future updated Mineral Resource Estimate independent of the ongoing updated Feasibility Study, which is estimated to be completed in Q3 2026. Management anticipates the RC Infill Drill Program to continue into Q3 of 2026 and aims to inform a final investment decision expected later this year.
(TSXV: LXM) Lux Metals Corp. announced the completion of its 2026 surface exploration program at the La Grande Gold Project in Québec's James Bay region. Field crews from Dahrouge operated on the Project from June 1 to June 15, 2026, completing geological mapping, structural analysis, and systematic rock and soil sampling. The program covered portions of the 40 km greenstone trend, with 100 rock samples and 55 soil samples collected across 9 lines. All samples have been submitted to AGAT Laboratories for gold and multi-element analysis, with results pending. The company plans to use the field data to refine targets for an initial 5,000-metre diamond drilling campaign at Zone 32, anticipated in Q3 2026. The Zone 32 gold system accounts for approximately two kilometres of the trend. The technical content of the news release was reviewed and approved by Jonathan Marleau, P.Geo., Senior Geologist at Dahrouge Geological Consulting Ltd.
(TSXV: ZAU) (OTCQB: ZAUIF) Zodiac Gold Inc. announced that a diamond drill rig has been mobilized to its flagship Arthington discovery as part of its 2026 exploration strategy along the 16km Monterra Trend at the Todi Gold Project in Liberia. The company has completed 6,836 metres of diamond drilling and 2,369 metres of trenching at Arthington, with significant gold intersections in 37 of 39 holes drilled to date and high-grade intervals of up to 55.9 g/t Au. The current 3,000m drilling program aims to grow Arthington both at depth and along strike, building on a discovery that has already demonstrated strong continuity of mineralized zones. Past drilling at Arthington has returned intervals such as 18.00 metres at 4.67 g/t Au (including 1.00 metre at 55.90 g/t Au) and 9.65 metres at 7.50 g/t Au (including 3.00 metres at 20.36 g/t Au). At the Ben Ben target, 3,542 metres of diamond drilling across 20 holes have been completed, with standout intersections including 14.85 metres at 1.55 g/t Au and 2.04 metres at 5.69 g/t Au. The company projects that the program is designed to grow Arthington in two directions at once—testing at-depth continuity and expanding along more than three kilometres of gold-in-soil anomalism to the west. Zodiac Gold's Todi Gold Project covers a 2,316 km2 land package in Liberia, with five drill-ready targets, of which two have delivered high-grade gold intercepts.
(TSXV: TWR) Tower Resources Ltd. reported that drilling is progressing well and continuing to intersect wide pyritized zones typical of the Company's orogenic gold discoveries on the Rabbit North property near Kamloops, B.C. The main objective of the present 2000 to 3000 m drilling program is to infill, at 50 m spacing, the eastern half of the remaining 400-m-long untested gap between the Thunder North and Blue Sky gold zones. Another objective is to test for a possible western extension of the Thunder zone, the fault-offset western tip of Thunder North. The planned extension of December's unfinished Hole 073 to obtain a deeper intersection of Thunder North was reconsidered because the drill could not re-enter the hole, and a replacement hole has been added 50 m to the east. The technical content of this news release has been reviewed and approved by Stuart Averill, P.Geo., a director of the Company and a Qualified Person as defined by National Instrument 43-101. The Company's key exploration assets, all in B.C., are the Rabbit North orogenic gold and porphyry copper-gold project, the Nechako porphyry-associated gold-silver project, and the More Creek epithermal gold project. The company states that this news release may contain statements which constitute 'forward-looking information', including statements regarding the plans, intentions, beliefs and current expectations of the Company.
(TSX: GOLD) GoldMining Inc. announced that it has no debt and holds approximately US$185 million in cash and publicly traded securities as of February 28, 2026. The company delivered two preliminary economic assessments (PEAs) in 2026 at the São Jorge and La Mina Projects, with modelled post-tax net present values at a 5% discount rate (NPV 5%) of US$532 million and US$1.0 billion, respectively. Its 74%-owned subsidiary, U.S. GoldMining Inc., released an initial PEA on the 100%-owned Whistler Gold-Copper Project with a conceptual NPV 5% of US$2.0 billion. GoldMining maintains a global resource base of 13.1 million gold equivalent ounces (oz AuEq) in the measured and indicated categories, plus an additional 9.0 million oz AuEq in the inferred category. The São Jorge PEA features an initial capital requirement, including 25% contingency, of US$202 million and models average gold production of over 50,000 ounces per year for nearly 11 years. The company is currently operating three drill rigs in Brazil and Colombia, with additional drills mobilizing in Alaska. The company projects a steady flow of potential catalysts in the second half of 2026, including ongoing drill results and advancement towards pre-feasibility and permitting initiatives at São Jorge.
(TSX: USA) Americas Gold and Silver Corporation announced the completion of Phase 2 of the No. 3 Shaft modernization program at the Galena Complex in Idaho, with Phase 2 capital expenditures totaling approximately US$1.1 million. The upgrades increased hoisting capacity from approximately 42 short tons per hour ("stph") to as high as 105 stph during recent operating periods, with 85 stph achieved on a regular basis, and skipping capacity increased from 5 tons to 7 tons, a 40% increase in payload per trip. The company reported a minor electrical fire at the Galena Mine in Idaho, USA, which resulted in no injury or significant damage, and a regional wildfire near the Crescent Mine that prevented access for approximately two days but caused no damage. The Galena Mine Rescue Team ranked first overall at the Central Mine Rescue Competition in Juneau, Alaska. Americas acquired 100% ownership of the Galena Complex in December 2024 and the Crescent Silver Mine in December 2025, with Eric Sprott becoming Americas' largest shareholder at ~14%. The upgraded No. 3 shaft is expected to provide approximately 1,350 tons per day of total hoisting capacity, supporting planned ore production rates averaging approximately 650 tons per day by the end of 2026. The company projects that the necessary assessment on the 4900 Level will delay mining activities in some higher-grade stopes into early Q3, but does not anticipate any impact on full-year 2026 production guidance.
(TSXV: ITR) Integra Resources Corp. announced the results of its updated Technical Report Feasibility Study and Life-of-Mine Plan for the producing Florida Canyon Mine. Less than two years after acquiring Florida Canyon for $68 million, Integra has achieved a 74% increase in Proven and Probable Mineral Reserves and a 17% increase in annual gold production. Active mining at Florida Canyon has been extended through 2033. The mine is now expected to generate over $0.8 billion from gold production in after-tax free cash flow. Total payable gold production is projected at 685 thousand ounces over the life-of-mine, including 2 years of gold production from residual leaching starting in 2033.
(TSX:HMMC) (OTCQX:HMMCF) Hemlo Mining Corp. announced an updated Mineral Resource Estimate ("MRE") for the Hemlo Gold Mine in Marathon, Ontario, reporting Measured & Indicated ("M&I") Mineral Resources (100% basis) of 96.9 million tonnes at 1.55 grams per tonne gold for 4.8 million ounces, an increase of 1.2 million ounces or +34% compared to the 2025 Report. Underground resources total 24.9 million tonnes at 3.53 g/t Au for 2.8 million ounces (+40% vs. 2025 Report), while open pit resources are 71.9 million tonnes at 0.87 g/t Au for 2.0 million ounces (+25% vs. 2025 Report). Inferred Mineral Resources (100% basis) are 12.1 million tonnes at 2.22 g/t Au for 0.9 million ounces, up 242,000 ounces or +39% from the 2025 Report. The newly identified "A-Zone" contains 635,000 tonnes at 3.43 g/t Au for 70,000 ounces and is being actively drilled. The MRE uses a long-term gold price of US$2,500/oz and has an effective date of December 31, 2025. The company projects a comprehensive MRMR update and Technical Report targeted for the second half of 2027. Interlake claims are subject to a 50% net profit interest royalty with Franco-Nevada Corporation.
(TSXV: LVG) (OTCQB: LVGLF) Lake Victoria Gold Ltd. announced an update on its previously announced gold loan facility with Monetary Metals & Co., advancing the facility through Tanzanian regulatory approval, registration, and notification workstreams. The company agreed to terms for a gold loan facility of up to 6,000 ounces of gold, representing approximately US$25 million, with Monetary Metals, intended to provide non-dilutive, project-level funding for the fully permitted Imwelo Gold Project in Tanzania. The facility is structured in gold ounces, with repayment in gold ounces, and is designed to match the financing instrument to the future production profile of Imwelo. The company has issued an aggregate of 83,960 common shares at a price of $0.31 per share to debenture holders, satisfying $26,027.51 of interest owing on $750,000 of convertible debentures issued on July 26, 2024 and August 8, 2024. The company holds a 100% interest in the Tembo project, which has over fifty thousand meters of drilling, and a 100% interest in the Imwelo Project, which is fully permitted for mine construction and production. Management targets advancing Imwelo toward construction and, ultimately, production, with the facility intended to bring gold-linked capital to the project. The company is also supported by equity investment from Barrick and a strategic partnership with Taifa Group, with Taifa Mining to conduct all contract mining and civil works for the Imwelo project.
(TSX: WDO) (OTCQX: WDOFF) Wesdome Gold Mines Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.0306 per common share, payable on September 29, 2026 to shareholders of record as at the close of business on September 15, 2026. The Board has approved a dividend policy to declare and pay a regular quarterly cash dividend of $0.0306 per Share, or $0.1224 per Share on an annualized basis. Since launching its buyback program in November 2025, Wesdome has repurchased 6,013,300 shares for approximately $145 million, and announced its third expansion. On April 28, 2026, Wesdome completed the first tranche of its NCIB, repurchasing 3,013,300 Shares at an average price of $22.58 per Share, for aggregate consideration of approximately $68 million. On June 23, 2026, the Company completed the second tranche, repurchasing 3,000,000 shares for approximately $77 million at an average price of $25.67 per share since May 19, 2026. The TSX has approved the Company's notice of intention to increase the number of common shares available for repurchase by up to an additional 3,000,000 Shares during the period from July 2, 2026 to November 6, 2026, bringing the total aggregate number of Shares the Company intends to repurchase up to 9,013,300, representing approximately 6% of its public float. The company projects continued free cash flow generation and intends to maintain capital return initiatives while funding organic growth.
(ASX:XPD) Xpedra Resources announced results from a maiden 27-hole drilling campaign at its Springfield gold project in New South Wales, demonstrating broad and shallow mineralisation within the deposit’s main corridor. The program systematically tested and extended known gold zones within a 1,700 metre-long intrusion and began testing new targets. Best assays from four early holes included 44m at 2.03 grams per tonne gold from 1m (including 7m at 4.04g/t and 12m at 3.46g/t from 25m), and 24m at 2.97g/t gold from surface (including 15m at 4.27g/t). Additional southern corridor results returned 55m at 1.32g/t gold from surface (including 15m at 2.79g/t from 7m and 6m at 4.09g/t from 7m), 37m at 1.9g/t gold from surface (including 11m at 3.5g/t from 3m), and 16m at 2.66g/t gold from surface (including 8m at 5g/t from 5m). Thick and shallow high-grade mineralisation has been intersected over approximately 180m of strike and to around 70m vertical depth, remaining open to the north and at depth. The company plans to commence a follow-up drilling program this week to test deeper beneath the shallow gold mineralisation. Assays remain pending for four holes drilled further along strike to the north and another four widely-spaced holes drilled to test the depth potential of the deposit.
(TSX: SVM) Silvercorp Metals Inc. announced the filing of an updated Technical Report titled "Technical Report on Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China for the Gaocheng Mine," prepared by SRK Consulting China Ltd, with a Mineral Reserve and Mineral Resource dated effective December 31, 2025. The Gaocheng underground Ag-Pb-Zn mine is located in Guangdong Province, China. Silvercorp also filed an amended Mineral Resource Estimate for the Tulkubash and Kyzyltash Chaarat Gold Projects in the Republic of Kyrgyzstan, correcting a typographical error but not changing the mineral resource estimates, conclusions, or recommendations, with the report remaining effective October 15, 2025. The company's news release dated January 20, 2026 included the correct information in the table "Kyzyltash Mineral Resource Estimate." Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc. The company’s strategy includes generating free cash flow from long life mines, organic growth through drilling, ongoing merger and acquisition efforts, and a long-term commitment to responsible mining and ESG. The company projects future mining methods, production, and mine life expansion, subject to various risks and uncertainties.
(ASX: GGR) Golden Globe Resources has completed a Phase 1 drill program at its flagship Dooloo Creek project, validating structural modelling and returning results such as 7.38m at 0.55% Cu and 0.46 g/t Au, including 1.0m at 2.74% Cu and 2.6 g/t Au. The company is earning up to a 90% joint-venture interest in Neila Creek, located in the Lachlan Fold Belt of NSW, and has commenced a maiden diamond drilling campaign targeting IP chargeability anomalies, with surface rock chips up to 2.16 g/t Au and 82 ppm Cu. Golden Globe utilises proprietary machine-learning and AI targeting models via an established Argodata dataset to isolate drill-ready anomalies. The company is trading at a market capitalisation of roughly A$24.5 million. None of its assets currently hold a defined JORC Mineral Resource Estimate. The company projects follow-up diamond drilling at Dooloo Creek, completion of Neila Creek core assays, and advancement of geophysics and soil mapping at the ~295 km² Alma tenement as near-term catalysts.
(TSXV: ZAU) Zodiac Gold Inc. announced the closing of its previously announced non-brokered private placement (the "Offering") on June 24, 2026, with the issuance of 16,000,000 units at a price of C$0.35 per Unit, for gross proceeds of C$5,600,000. Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant exercisable at C$0.54 per share for 24 months from issuance. The Company paid finder's fees of C$143,602.20 in cash and issued 398,860 compensation warrants, each exercisable at C$0.35 for 24 months. An insider participated in the Offering, subscribing for 55,399 Units for a total of C$19,389.65. The Offering remains subject to final approval of the TSX Venture Exchange. All securities issued are subject to a statutory hold period expiring four months and one day from the date of issuance. The company projects further exploration programs and drill programs at its flagship Todi Gold Project in Liberia, covering a 2,316 km2 land package.
(OTC: CGLD) Lucky Hand Mining Game LLC, a subsidiary of Buscar Company, announced the official launch of its game as a Telegram Mini App. The release marks the first phase of a major gaming ecosystem inspired by the California Gold Rush and the historical development of the U.S. gold mining industry. The Lucky Hand Mining project is an interactive gaming platform that allows players to advance from novice prospector to owner of a major international mining company. According to the development roadmap, the first two seasons will be hosted entirely within the Telegram Mini App, with rewards distributed to qualifying participants via the TON blockchain at the end of each season. Following Season Two, the project will advance to its next major phase, with Season Three introducing a full-scale, next-generation Web3 strategy experience. Lucky Hand Mining Game LLC sees the Telegram Mini App launch as the cornerstone of a long-term, multi-million-player ecosystem at the intersection of gaming, education, and blockchain innovation. Buscar Company is a diversified holding company focused on natural resources, sustainable technologies, and strategic growth opportunities, with a portfolio that includes gold exploration and mining assets through EON Discovery, Inc.
(TSXV:XGC) Xali Gold Corp. closed a non-brokered private placement on June 23, 2026, for gross proceeds of C$1,000,000. The Private Placement resulted in the issuance of 4,000,000 common shares at a price of C$0.25 per Share, with no warrants issued. Finder’s fees equal to 6% of the value of the Private Placement were paid, totaling C$30,000 in cash and 120,000 common shares. The proceeds will be allocated to the continued exploration and development of the Pico Machay Gold Project in Peru, including technical work for an updated mineral resource estimate and Preliminary Economic Assessment (PEA), as well as geological, permitting, and community initiatives. The Shares are subject to a mandatory four month and one day hold period commencing the day of closing. Xali Gold maintains two royalty agreements with third parties for gold and silver production from specific areas of the El Oro gold-silver Project in Mexico. The company projects that updating the historical resource and completing a PEA will significantly de-risk the Pico Machay Project and help unlock significant value.
(TSX:NG) NOVAGOLD RESOURCES INC. filed its 2026 second quarter report and provided an update on the Donlin Gold project, which is owned 60% by NOVAGOLD and 40% by Donlin Gold Holdings (DGH), 100% wholly-owned by Paulson Advisers LLC. As of May 31, 2026, NOVAGOLD held approximately $370.2 million in cash and term deposits and reported net second quarter operational cash expenditures of $22.7 million, including $16.3 million to fund NOVAGOLD’s share of the Donlin Gold project and $6.4 million in corporate general and administrative costs. The company reported earnings of ($25.5) million and earnings per share of ($0.06) for the second fiscal quarter of 2026. The Donlin Gold project hosts approximately 40 million ounces of Measured and Indicated Mineral Resources (inclusive of Mineral Reserves), comprising 560 million tonnes grading 2.22 grams per tonne. NOVAGOLD’s anticipated operating expenditures during fiscal year 2026 are approximately $98.5 million, including $78.8 million to fund the Donlin Gold project and $19.7 million for corporate general and administrative costs. The company projects the delivery of a high-quality BFS targeted for completion in 2027 and expects average annual gold production exceeding one million ounces.
1d ago(CSE: PRNC) (OTCQX: PRNCF) Prince Silver Corp. announced five additional drill hole assay results from its ongoing 9,000-metre reverse circulation drilling program at the Prince Silver Project in the historic Pioche Mining District, Lincoln County, Nevada. Key results include hole PRC-44, which intersected 15.24 metres grading 2.41 g/t gold and 68.5 g/t silver from 259.08 metres, and PRC-47, which returned 30.48 metres grading 39.4 g/t silver, 11.87% manganese, 2.36% lead, and 1.42% zinc from 88.39 metres. The company has now received assay results from 25 of the initial 30 drill holes. Prince Silver plans to expand the current campaign by a minimum of 10 additional drill holes. Previous drilling included 3.05 metres grading 355 g/t silver and 4.78 g/t gold in PRC-27, and 27.43 metres grading 93.7 g/t silver in PRC-41. The company projects advancing toward a maiden NI 43-101 mineral resource estimate, targeted for year-end 2026. The company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project.
1d ago(TSXV:EDG) (OTCQB:ENDGF) Endurance Gold Corporation announced assay results from the first two 2026 drill holes at its 100%-owned Reliance Gold Project. The Project hosts an Inferred Mineral Resource Estimate of 19.6 million tonnes at an average grade 2.30 grams per tonne (gpt) Au, for 1.45 million ounces contained gold. Drill hole DDH26-128 returned 7.67 gpt gold and 0.13% antimony over 14.7 metres, including 11.01 gpt gold and 0.19% antimony over 8.7 metres, and intersected five additional veins below the MRE between 118.1 m and 161.0 m downhole depth. Drill hole DDH26-129 returned 3.07 gpt gold and 0.03% antimony over 12.0 metres, including 13.75 gpt gold and 0.14% antimony over 1.8 metres, representing a 60 m offset from DDH26-128 at the Eagle Zone. Seven drill holes, for 1,899 m, have been completed at the southern end of the Eagle Zone this year, with assays pending for five holes and eleven mineralized structures ranging from 2.1 m to 10.5 m drill length. The fully funded program with two diamond drill rigs commenced on May 1 with a planned minimum of 8,000 metres of diamond drilling. The company projects that the initial Phase 1 drilling program aims to upgrade the near-surface, pit-constrained MRE to the Indicated category, expand mineralization within the MRE pit shell, and test for deeper high-grade extensions for further underground MRE growth.
1d ago(TSXV: ALEX) Alpha Exploration Ltd. announced recently available sampling results from shallow Rotary Air Blast ("RAB") drilling at the Anagulu Copper-Gold Porphyry Project. Results are now available for a total of 4,738 metres of an ongoing RAB drilling program, with this new batch relating to 2,609 metres in 335 holes at an average depth of 7.8 metres. The project is located within Alpha's 100% owned, 514km² Kerkasha Project in Eritrea. The Nightjar Target Zone measures approximately 1 kilometre along trend and 125-150 metres in width, with top of bedrock copper samples ranging from 3,390 ppm (0.33%) to 310 ppm copper. The Camel Target Zone has been expanded and defined to over 1 kilometre along trend and 125-250 metres in width, with copper samples ranging from 3,274 ppm (0.32%) to 300 ppm copper. Previously reported drilled intercepts include 108 metres @ 1.24 g/t gold and 0.60% copper, 49 metres @ 2.42 g/t gold and 1.10% copper, and 120 metres @ 0.47 g/t gold and 0.30% copper. The company states that these new and expanded target zones have significant scale footprints and will be tested by follow up reverse circulation and core drilling.
1d ago(TSXV: OMG) (OTCQB: OMGGF) Omai Gold Mines Corp. announced assay results from six additional diamond drill holes from the ongoing 50,000m drilling program at its 100% owned Omai Gold Project in Guyana, South America. Hole 26ODD-185 in central Wenot intersected 15 discrete gold zones starting at 200m downhole with 1.63 g/t Au over 23.6m and ending 340m further downhole with 7.22 g/t Au over 2.4m. To date this year, 58 holes have been completed totalling 27,770 metres. The new expanded Mineral Resource Estimate for Omai announced April 14, 2026, shows the Wenot Indicated MRE increased 49.8% to 1,453,000 ounces of gold at an average grade of 1.59 g/t Au in 28.4 million tonnes, and the Wenot Inferred MRE increased 7.6% to 3,999,000 ounces grading 1.35 g/t Au in 92.4 million tonnes. Gilt's Inferred MRE increased 120% to 1,465,000 ounces averaging 3.22 g/t Au in 14.2 million tonnes, while the Indicated MRE decreased by 9.5% to 1,042,000 ounces averaging 3.33 g/t Au in 9.7 million tonnes. Phase 1 metallurgical test results show 93% to 95% recoveries with a 32-hour retention time and clean mineralogies for both Wenot and Gilt deposits. The company projects drilling to continue through much of 2026 and an updated PEA is planned for Q3 2026 to include the expanded Wenot open pit deposit and the adjacent Gilt Creek underground deposit.
1d ago(ASX:RML) Resolution Minerals has pivoted its corporate strategy from early-stage Australian exploration into a targeted US development platform, holding the flagship Horse Heaven project in Idaho. The company has a ~$99 million market capitalisation and is advancing a district-scale gold deposit toward a maiden resource, while also developing high-grade antimony and tungsten assets. Phase 1 drilling at Golden Gate mapped broad, near-surface gold mineralisation across a 600-metre strike extent, and a fully permitted, 45-hole (13,700m) summer drilling program is underway at Golden Gate. Advanced core testing from Johnson Creek will dictate the commercial viability of separating gold, antimony, and tungsten into clean, saleable concentrate products. The company aims to establish a near-term processing pathway to generate cash flow well before Golden Gate requires massive project financing. Over the second half of 2026, several definitive milestones are expected, including progress on bulk-sampling approvals at Antimony Ridge. The company projects that if its summer drill campaign successfully converts broad gold hits into a continuous JORC resource—and its critical minerals flowsheet holds up—it will hold prime real estate inside a starved US domestic supply chain.
1d ago(TSX: SVM) Silvercorp Metals Inc. reported the results of an updated Technical Report for the Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China, with a Mineral Reserve and Mineral Resource dated effective December 31, 2025. The report estimates Measured and Indicated Mineral Resources of 18.3 million tonnes grading 65 g/t silver, 0.91% lead, and 2.24% zinc, containing 38.3 million ounces silver, 167 thousand tonnes lead, and 408 thousand tonnes zinc. Proven and Probable Mineral Reserves are estimated at 6.2 million tonnes grading 63 g/t silver, 0.91% lead, and 2.23% zinc, containing 12.5 million ounces silver, 56 thousand tonnes lead, and 138 thousand tonnes zinc. Inferred Resources are estimated at 7.36 million tonnes grading 75 g/t silver, 0.84% lead, and 1.91% zinc, containing 17.7 million ounces silver, 62 thousand tonnes lead, and 140 thousand tonnes zinc. The company projects an annual production rate increase from around 345 thousand tonnes per annum in FY2026 to between 350 and 365 thousand tonnes per annum from FY2027 to FY2028, and then to approximately 370 thousand tonnes per annum from FY2029 to FY2041. The projected post-tax NPV5 is $101.4 million, with a post-tax NPV5 attributable to Silvercorp of $100.3 million (99% interest), using an 8% discount rate. There is potential to extend the Life of Mine beyond year 2044 with a tailings storage facility capacity expansion.
1d ago(CSE:HARY) Harrys Manufacturing Inc. announced that it has entered into a mineral property option agreement dated June 22, 2026 with 1430490 B.C. Ltd. and Sebastien Latour to acquire 100% of the Optionors' interest in the Winslow Gold Project located in the West Kootenay region of southeastern British Columbia. To exercise the option, the Company must pay the Optionors an aggregate of $1,025,000 in cash, including $25,000 on or before June 26, 2026, an additional $250,000 on or prior to the one-year anniversary of the Effective Date, and an additional $750,000 on or prior to the two-year anniversary of the Effective Date. Following the exercise of the Option, the Company shall grant the Optionors an aggregate two percent (2%) net smelter returns royalty on the Property, with the option to repurchase one percent (1%) of the Royalty for a one-time cash payment of $500,000. The acquisition is subject to customary conditions, including approval from the Canadian Securities Exchange, sufficient working capital for 12 months, shareholder approval, and receipt of a Technical Report prepared in accordance with NI 43-101. The Company also entered into an agreement with 0865381 B.C. Ltd., doing business as Volume Hunters, for social media consultation services for a period of twelve months commencing on July 1, 2026, for a payment of $135,000 (plus taxes). The Property will be the Company's first material mineral property interest.
1d agoGold Bulletin
Tuesday, 23 June 2026
Gold Bulletin Daily
Daily signals, public company spotlights and macro gold analysis, free, every day.