Key macro instruments that drive gold price movements: dollar, yields, risk appetite
DRDGOLD And 2 Top Gold Stocks To Watch
Gold remains roughly flat today as inflation concerns resurface, with companies increasingly discussing rising costs and the impact on consumers during earnings calls. This renewed focus on inflation is likely to keep investor attention on gold as a potential safe haven asset, particularly in an environment where prices remain elevated. As inflationary pressures mount, we can expect heightened interest in high-quality gold producers that boast stronger financials and lower production costs. Such dynamics typically bolster gold prices, as investors seek to hedge against the eroding purchasing power of fiat currencies. Additionally, the ongoing geopolitical tensions and uncertainty surrounding central bank policies further support gold's appeal as a store of value. While gold's performance today is stable, the underlying factors driving demand remain robust. Central bank purchases and ETF inflows are also critical components that can influence gold's trajectory in the coming weeks. Investors should remain vigilant, as shifts in interest rates and the dollar's strength can significantly impact gold's attractiveness. Overall, the interplay of inflation, production costs, and geopolitical factors continues to shape the gold market landscape. As we navigate these complexities, gold's role as a hedge against uncertainty remains paramount.
16h ago
Peter Schiff Predicts Gold Boom, Says Political Shift Threatens To Send Inflation Soaring — ‘Sign Of Things To Come’
Gold is currently experiencing a period of relative stability, but the underlying factors influencing its price remain significant. Peter Schiff's assertion that a political shift to the left could lead to higher inflation is particularly noteworthy, as inflation typically drives demand for gold as a hedge. If inflation expectations rise, we could see increased interest in gold from investors seeking to protect their purchasing power. Additionally, any political changes that suggest increased government spending or monetary easing could further exacerbate inflationary pressures, creating a more favorable environment for gold. Investors should also consider that geopolitical tensions often lead to safe-haven buying, which can support gold prices during uncertain times. Central bank policies will continue to play a crucial role, as any dovish stance could weaken the dollar and enhance gold's appeal. ETF flows are another critical indicator; if we see increased inflows into gold-backed ETFs, it would signal growing investor confidence in gold as a safe asset. While gold is flat today, the potential for future volatility remains high, driven by these macroeconomic factors. As we navigate these dynamics, it is essential to keep a close eye on inflation trends and political developments, as they could significantly impact gold's trajectory in the coming months.
1d ago
Gold Price Exclusive Update - November 7, 2026
Gold is currently experiencing a flat trading day, reflecting a complex interplay of market dynamics. The broader trend indicates a strengthening U.S. dollar, which typically exerts downward pressure on gold prices. As the dollar rises, gold often becomes less attractive to investors holding other currencies, leading to reduced demand. Additionally, the gold sector cycle is noted to be on an upward trajectory, suggesting potential for recovery, yet this is juxtaposed against a prevailing downtrend for gold and gold stocks. Investors should remain vigilant as we await clearer setups that could signal a shift in momentum. The current recovery rally may provide opportunities, but caution is warranted given the existing pressures. Central bank policies and geopolitical tensions continue to play a significant role in shaping market sentiment, influencing both inflation expectations and currency valuations. As we navigate this environment, ETF flows will be crucial to monitor, as they can provide insights into investor sentiment and demand for gold. Overall, while the gold market shows signs of potential recovery, the prevailing strength of the dollar and the current cycle dynamics suggest that we may not see significant upward movement in gold prices in the immediate term.
1d ago
A Surging Jobs Report Knocked Gold Down. Silver Shrugged It Off.
Gold fell down around 1% following a robust jobs report for October that exceeded all forecasts, signaling a stronger labor market. This data reinforces expectations for the Federal Reserve's monetary policy, particularly as we approach the December meeting, where interest rates may be influenced by such economic indicators. A strong jobs report typically leads to increased confidence in the economy, which can bolster the dollar and put downward pressure on gold prices as investors shift towards riskier assets. In contrast, silver remained resilient, indicating a divergence in market sentiment between the two precious metals. This divergence suggests that while gold is reacting to macroeconomic signals, silver may be benefiting from its industrial demand, which is less sensitive to monetary policy changes. Investors should note that the strength of the labor market could prompt the Fed to maintain or even raise interest rates, further complicating the outlook for gold. As central banks continue to navigate inflationary pressures, gold's appeal as a hedge may be tested in the near term. Additionally, the dynamics of ETF flows and central bank demand will play a crucial role in determining gold's trajectory moving forward. Overall, the current market environment reflects a complex interplay of economic data and investor sentiment that will be critical to monitor in the coming weeks.
1d ago
Gold ETF Holdings Rose in October. Why Did Fund Assets Fall 6%?
Gold ETF holdings increased in October, reaching a record amount of metal, which typically signals strong demand for gold as a safe-haven asset. However, despite this rise in physical holdings, the dollar value of these fund assets fell by around 6%. This divergence highlights the impact of market dynamics, particularly the influence of gold prices and currency fluctuations on asset valuations. As gold prices fluctuate, the dollar value of the holdings can decline even when the physical quantity increases, reflecting a complex interplay between demand and market sentiment. Investors should note that while the increase in ETF holdings suggests a bullish outlook on gold, the drop in dollar assets indicates that market participants may be cautious about the current price levels. Additionally, this scenario underscores the importance of monitoring not just the quantity of gold held but also the broader economic factors at play, such as interest rates and inflation. The current environment, characterized by rising yields and a strong dollar, can exert downward pressure on gold prices, despite robust physical demand. As we navigate these market conditions, it is crucial to remain vigilant about how geopolitical tensions and central bank policies may further influence gold's trajectory. Overall, while the increase in ETF holdings is a positive sign for gold's long-term outlook, the recent decline in dollar assets serves as a reminder of the volatility inherent in the market.
2d ago
Guide to Gold ETF Investing
Gold is currently experiencing a subdued trading environment, down around 1% today, reflecting ongoing pressures from higher interest rates and a robust U.S. dollar, which has diminished the metal's appeal as an investment. Over the past six months, gold bullion ETFs, such as the SPDR Gold Trust, have seen a decline of approximately 10%, while the dollar index has appreciated by over 5%, highlighting the inverse relationship between gold and the dollar. However, central bank demand remains a significant factor that could support gold prices moving forward. Central banks have increasingly turned to gold as part of their reserve strategies, particularly since geopolitical tensions have prompted a reevaluation of currency risks. Goldman Sachs anticipates that central banks will purchase an average of 50 tons of gold per month in 2026, a substantial increase from previous years, which could provide a crucial buffer against price declines. Additionally, if inflation can be managed effectively, the Federal Reserve may slow the pace of interest rate hikes, which would enhance gold's attractiveness as a non-yielding asset. The potential for geopolitical stability, particularly regarding the conflict in Iran, could also ease inflationary pressures, further supporting gold's position. As investors navigate these dynamics, the interplay between central bank purchases and interest rate movements will be pivotal in determining gold's trajectory. Overall, while gold faces headwinds from rising rates and a strong dollar, the underlying demand from central banks and potential shifts in inflation management could provide a foundation for resilience in the market.
2d ago
Gold Price Forecast: The Bottom Is In, But Danger Remains
Gold is currently showing resilience, trading up around 1% as it hovers above the $4,000 mark, suggesting that the recent price action may indicate a potential bottom has been established. This pattern mirrors the behavior observed in late October of the previous year, where prices also found support before rallying. However, we must remain cautious, as a break below last Friday's low could signal a bearish shift, increasing the risk of further declines. The current macroeconomic environment, characterized by fluctuating interest rates and persistent inflation, continues to play a crucial role in shaping gold's trajectory. Central bank policies remain a significant factor, as ongoing demand for gold as a hedge against inflation and currency devaluation persists. Additionally, geopolitical tensions could further bolster gold's appeal as a safe-haven asset. Investors should closely monitor ETF flows, as increased buying in gold-backed funds could provide additional support for prices. The dollar's strength also remains a critical variable, as a stronger dollar typically exerts downward pressure on gold. Overall, while the outlook appears cautiously optimistic, the potential for volatility remains, and we must stay vigilant to any shifts in the broader economic landscape that could impact gold prices.
2d ago
September Central Bank Gold Buying Hit Highest Monthly Total of the Year
Central bank gold buying surged in September, reaching the highest monthly total of the year, which is a significant indicator of ongoing demand for gold as a reserve asset. This robust purchasing activity pushed third-quarter acquisitions well above the five-year quarterly average, signaling a strong commitment from central banks to diversify their reserves amid economic uncertainty. The global increase of 321.2 tonnes in gold reserves during the third quarter reflects a strategic move by these institutions to hedge against inflation and currency fluctuations. Such substantial central bank demand typically supports gold prices, as it indicates confidence in gold's long-term value. Investors should note that this trend of increasing central bank purchases can create upward pressure on gold, particularly if it continues into the final quarter of the year. Additionally, with geopolitical tensions and economic volatility persisting, central banks may prioritize gold as a safe haven asset. This environment could further enhance gold's appeal, especially if inflationary pressures remain elevated. As we observe these dynamics, it is crucial to monitor how central bank strategies evolve in response to global economic conditions. Overall, the strong central bank demand we are witnessing is a bullish signal for gold, reinforcing its status as a key asset in times of uncertainty.
2d ago
(TSXV:CAN) Canadian Gold Resources Ltd. announced a non-brokered private placement (the "Offering") of up to 20,000,000 units at a price of $0.05 per unit for aggregate gross proceeds of up to $1,000,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.10 per share for a period of 36 months from the date of issuance. The proceeds from the Offering will be used primarily for bulk sampling and exploration at the Company's Lac Arsenault property and other high-grade gold projects in the Gaspé Gold Belt of Quebec, as well as for general working capital. The Company may pay cash finder's fees and issue non-transferable finder's options to eligible arm's length parties in connection with the Offering. Certain insiders of the Company may acquire units in the Offering, and any such participation will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the units subscribed for by insiders, nor the consideration paid by such insiders, is expected to exceed 25% of the Company's market capitalization. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance. Closing of the Offering is subject to certain conditions, including the receipt of all necessary regulatory and other approvals, including approval of the TSX Venture Exchange. Closing may occur in one or more tranches. The securities have not been and will not be registered under the United States Securities Act of 1933 or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption is available. Ronald Goguen is the Chairman, Acting President & CEO of Canadian Gold Resources Ltd.
(CSE:TGLD) Torrent Gold Inc. has entered into a membership interest purchase agreement dated November 6, 2026, with Lamina Minerals LLC and Belle Morgan Ltd. to acquire nineteen unpatented lode mining claims in Hidalgo County, New Mexico, known as the Sunrise Tungsten Project. Under the terms of the agreement, Torrent Gold Inc. will pay Cdn$100,000 in cash, issue 3,500,000 common shares, and grant a 1.5% net smelter returns royalty on commercial production from the project to the vendors. The company will have the right to purchase 0.75% of the royalty at any time within ten years of closing for a one-time cash payment of US$1,000,000. Torrent Gold Inc. is at arm's length from each of the vendors. No finders' fees or commissions are payable in connection with the transaction. The 3,500,000 consideration shares will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws and any applicable foreign securities laws. The transaction will constitute a "major acquisition" for Torrent Gold Inc. under Canadian Securities Exchange policies, as it is expected to comprise the majority of the company's operating assets in the twelve months following closing. Completion of the transaction is subject to approval by the Canadian Securities Exchange. The transaction is not expected to result in a "Change of Control" for Torrent Gold Inc. and is not expected to result in any changes to the board of directors or management. Saf Dhillon is the President and Chief Executive Officer of Torrent Gold Inc.
(LSE:GDP) Goldplat announced that a contractor died on 5 November 2026 following a trench collapse at its Ghana site. Operations at the Ghana site were temporarily suspended for initial investigations. After inspection, operations have since re-commenced at the site. The Company has notified relevant authorities about the incident. Goldplat is cooperating with these authorities as part of the ongoing process. An internal safety investigation has also been opened by the Company. Management states that it does not expect any impact on financial performance as a result of the incident. The fatality and subsequent investigations are acknowledged as representing potential reputational, regulatory, and operational risk. These risks could influence investor sentiment and near-term share valuation. The Company has not disclosed any changes to its operational or financial guidance at this time. The Company has not announced any additional safety measures or operational changes beyond the internal investigation. No other injuries or fatalities were reported in connection with the incident. The Company has not provided a timeline for the completion of the internal or external investigations.
(TSXV:GHL) Goldhills Holding Ltd. announced the closing of its non-brokered private placement, originally announced on October 15, 2026, issuing 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.07 for a period of 24 months from the date of issuance. The warrants are subject to exercise limitations: a holder may not exercise warrants to exceed 9.99% ownership of outstanding common shares without 61 days' prior written notice, and may not exceed 19.99% ownership without 61 days' notice, disinterested shareholder approval, and, if required, TSXV acceptance. The company intends to use the net proceeds for mineral exploration on its Lennac Lake copper-molybdenum porphyry project and for general working capital purposes. No finders' fees were paid in connection with the offering. All securities issued are subject to a statutory hold period expiring on March 6, 2027, in accordance with applicable securities laws and TSXV policies. The offering remains subject to final acceptance of the TSXV. Steven Sangha, a director of the company, acquired 3,898,000 units under the offering for $194,900, constituting a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to, nor the consideration paid by, the related party exceeds 25% of the company's market capitalization. The offering was approved by the company's directors, with Dr. Sangha abstaining. The company did not file a material change report more than 21 days before closing because the details of the related party's participation were not settled until shortly before closing, and the company wished to close the offering on an expedited basis. Immediately prior to the closing, Sangha beneficially owned or controlled 4,632,660 common shares and 948,053 stock options, representing approximately 12.70% of the issued and outstanding common shares on a non-diluted basis and approximately 14.91% on a partially-diluted basis. Immediately following the closing, Sangha beneficially owns or controls 8,530,660 common shares, 948,053 options, and 3,898,000 warrants, representing approximately 18.36% of the issued and outstanding common shares on a non-diluted basis and approximately 19.99% on a partially-diluted basis. If all of Sangha's options and warrants were exercised, disregarding the exercise limitations, he would hold approximately 26.07% of the issued and outstanding common shares. Sangha acquired the units for investment purposes and may acquire additional securities or dispose of some or all of his holdings in the future. A copy of Sangha's early warning report will be filed on SEDAR+.
(LSE:WPM) Wheaton Precious Metals Corp.NPV (CDI) reported Q3 2026 revenue of $772 million. Net earnings for Q3 2026 were $410 million. Operating cash flow in Q3 2026 was $645 million. For the first nine months of 2026, Wheaton achieved record revenue of $2.6 billion. Net earnings for the nine-month period were $1.5 billion. Operating cash flow for the nine months reached $2.1 billion. Attributable production in Q3 2026 was 231,000 gold equivalent ounces (GEOs), representing a 13% increase year-over-year. PBND (payable but not delivered) was approximately 178,600 GEOs, equivalent to about 2.6 months. The company reported average cash costs of $548 per GEO, resulting in a cash operating margin of $3,466 per GEO. Wheaton held $146 million in cash at the end of the period. Total debt stood at $1.6 billion, with net debt around $1.5 billion. The company repaid $372 million of its revolving credit facility during the quarter. Wheaton declared a dividend of $0.195 per share, totaling $89 million. The company maintained its 2026 production guidance of approximately 860,000 to 940,000 GEOs.
(TSX:BTO) B2Gold Corp. announced its operational and financial results for the third quarter of 2026. The company reported revenue of $836 million on 195,018 gold ounces sold at an average realized price of $4,289 per ounce. Gold production for the quarter was 193,321 ounces, and the company stated it is on track to deliver full-year production guidance at all operations. Cash flow provided by operating activities was $239 million, with cash flow from operating activities before changes in working capital at $387 million, and free cash flow of $48 million, reflecting the first quarter after completion of prepaid gold sales contracts in June 2026. Consolidated all-in sustaining costs (AISC) were $2,602 per ounce sold. The company reduced its AISC guidance range for 2026 to between $2,230 and $2,410 per ounce sold, down from the previous range of $2,370 to $2,550 per ounce sold, citing strong year-to-date operating performance and expected fourth quarter results. Earnings per share (EPS) were $0.31, and adjusted EPS was $0.14. Included in EPS was an impairment reversal of $253 million for Fekola. B2Gold returned $59 million to shareholders in the quarter, consisting of $26 million in dividends paid and $33 million of share buybacks under its normal course issuer bid (NCIB). The company reported a strong financial position with cash and cash equivalents of $294 million, working capital of $497 million, and an undrawn balance of $705 million on its revolving credit facility. Phase 1 upgrades to the Goose fixed crushing circuit were completed, with the circuit now operating at 3,200 tonnes per day following commissioning in mid-October 2026. The Menankoto exploitation permit was granted on August 7, 2026, by the State of Mali, and mining pre-stripping activities commenced on the Menankoto permit area in October 2026. A fourth quarter 2026 dividend of $0.02 per share was declared on November 4, 2026, payable on December 15, 2026, to shareholders of record as of December 2, 2026. Mike Cinnamond, President and CEO of B2Gold, highlighted continued outperformance from Masbate and Otjikoto, significant progress on strategic initiatives, receipt of the Menankoto exploitation permit, commencement of waste stripping activities, and completion of Goose crushing circuit upgrades. He noted that the reduction in full-year AISC guidance reflects strong production performance and consistent execution, and stated the company remains well positioned to achieve consolidated annual production guidance for 2026 and create long-term value for shareholders.
(TSX:SVM) Silvercorp Metals Inc. reported its financial and operating results for Q2 Fiscal 2027, ended September 30, 2026. The company undertook major safety improvement works at the Ying Mining District in compliance with new government safety regulations, which affected metal production and financial results for the quarter. These safety improvements have been substantially completed, inspected, and approved by the government, allowing operations to resume. Silvercorp produced approximately 0.9 million ounces of silver, 1,371 ounces of gold, or about 1.0 million ounces of silver equivalent during the quarter. Revenue was $72.1 million, a 13% decrease from Q2 Fiscal 2026, due to lower production, partially offset by an 82% higher average realized silver price of $61.83 per ounce and a 32% higher gold price of $3,955 per ounce. The cash cost per ounce of silver (net of by-product credits) was $2.14, and the all-in sustaining cost per ounce of silver was $24.13. Adjusted EBITDA attributable to equity shareholders was $37.7 million, or $0.17 per share, compared to $38.3 million or $0.18 per share in Q2 Fiscal 2026. Net income attributable to equity shareholders was $5.3 million, or $0.02 per share. Adjusted earnings attributable to equity shareholders were $18.4 million, or $0.08 per share, after excluding non-cash or one-time items, compared to $22.6 million or $0.10 per share in Q2 Fiscal 2026. Cash flow from operating activities was $62.7 million, up $23.5 million from $39.2 million in Q2 Fiscal 2026, including a $43.9 million draw-down from Wheaton in July 2026. The company spent and capitalized $26.6 million on exploration, development, equipment, and facilities at its China operations, $14.6 million at its Ecuador operations mainly for the development and construction of the El Domo mine, and $9.2 million for Chaarat ZAAV mine construction and drilling activities. Free cash flow generated was $4.7 million, down $6.7 million from $11.4 million in Q2 Fiscal 2026, mainly due to planned investments to build new mines. Silvercorp ended the period with cash and cash equivalents and short-term investments of $383.7 million, a decrease of $3.4 million from the previous quarter, after $50.5 million of capital expenditures on mine construction. The portfolio of equity investments had a total market value of $428.0 million, an increase of $124.4 million from the previous quarter. After September 30, 2026, the company completed an initial draw-down of RMB750 million (approximately $112 million) under RMB1.5 billion syndicated term loan facilities for general corporate purposes and to support global working capital requirements. For the three months ended September 30, 2026, mine operating earnings were $39.9 million, net income was $5.3 million, adjusted earnings were $18.4 million, EBITDA was $28.1 million, adjusted EBITDA was $37.7 million, and cash flow from operating activities was $62.7 million. Sustaining capital expenditures were $5.4 million, growth capital expenditures were $43.4 million, and free cash flow was $4.7 million. Metals sold included 0.9 million ounces of silver, 1,574 ounces of gold, 7.5 million pounds of lead, and 1.1 million pounds of zinc. The average selling price for silver was $61.83 per ounce, for gold $3,955 per ounce, for lead $0.97 per pound, and for zinc $1.75 per pound. Cash cost per ounce of silver, net of by-product credits, was $2.14, and all-in sustaining cost was $24.13. As of September 30, 2026, cash and cash equivalents and short-term investments were $383.7 million, and working capital was $289.1 million. At the Ying Mining District, approximately 0.9 million ounces of silver, 1,371 ounces of gold, 7.6 million pounds of lead, and 0.7 million pounds of zinc were produced in Q2 Fiscal 2027. Cash cost per tonne of ore was $96.76, and cash cost per ounce of silver, net of by-product credits, was $2.73. AISC per tonne was $143.87, and AISC per ounce of silver, net of by-product credits, was $16.11. Capacity expansion licenses for all mining rights at Ying have been secured, and the company is updating production safety permits for expansion and technical transformation projects. Approximately $13.4 million was incurred in Q2 Fiscal 2027 for safety improvement works at Ying. At the GC Mine, 477 tonnes of stockpiled ore were processed, producing approximately 0.01 million ounces of silver, 0.2 million pounds of lead, and 0.1 million pounds of zinc, with mining activities suspended in Q2 Fiscal 2027. The GC Mine's safety production permit expired at the end of August 2026 and has not been renewed. The company has engaged Changsha Institute of Mining Research Co., Ltd. to update the mine development plan design, expected to be completed by the end of December 2026 and approved by the Guangdong Provincial Department of Emergency Management in March 2027.
(TSX:WPM) Wheaton Precious Metals reported record financial results for Q3 2026, with revenue of $772 million, net earnings of $410 million, and operating cash flow of $645 million. For the nine months ended September 30, 2026, the company achieved record revenue of $2.6 billion, record net earnings of $1.5 billion, and record operating cash flow of $2.1 billion. Wheaton declared a quarterly dividend of $0.195 per common share, resulting in a total dividend payment of $89 million for the quarter. The company ended the quarter with a cash balance of $146 million and total debt outstanding of $1.6 billion, resulting in net debt of $1.5 billion. During the quarter, Wheaton repaid $372 million of its revolving credit facility. The company holds streaming and royalty agreements on 57 mining assets, including 22 operating mines, 20 development projects, and 15 exploration and other stage projects. Attributable gold equivalent production for Q3 2026 was 231,000 ounces, a 13% increase year-over-year, primarily due to the acquisition of the BHP Antamina PMPA and production from Hemlo, Fenix, Platreef, and Mineral Park. Key operational milestones included Vale Base Metals' implementation of coarse particle flotation at Salobo in Brazil, first gold pour at Montage Gold's Koné project, first deliveries from Ivanhoe's Platreef project in South Africa, completion of Phase 1 upgrades at B2Gold's Goose Project in Canada, Allied Gold's start of production at Kurmuk in Ethiopia, Hudbay's approval of the Copper World project in the U.S., KGL's final investment decision for Jervois in Australia, and Generation Mining's commencement of construction at Marathon in Canada. In Q3 2026, gold production was 91,753 ounces, silver production was 8,182 ounces, and other metals GEOs were 2,846. Units sold included 91,969 ounces of gold, 5,758 ounces of silver, and 4,334 other metals GEOs. Revenue for Q3 2026 was $771,734,000, net earnings were $410,248,000, and operating cash flows were $644,856,000. For the nine months ended September 30, 2026, revenue was $2,602,404,000, net earnings were $1,535,528,000, and operating cash flows were $2,060,196,000. Average cash costs in Q3 2026 were $548 per GEO, resulting in a cash operating margin of $3,466 per GEO sold. For the nine months ended September 30, 2026, average cash costs were $597 per GEO, with a cash operating margin of $3,866 per GEO sold. As of September 30, 2026, approximately 178,600 GEOs were produced but not yet delivered, representing about 2.6 months of payable production. During Q3 2026, Wheaton made net upfront cash payments of $86 million for mineral stream interests, including $44 million for El Domo and $42 million for Marmato. Subsequent to the quarter, additional upfront cash payments of $51 million were made for the Jervois PMPA ($16 million) and Spring Valley PMPA ($35 million). Salobo produced 65,800 ounces of attributable gold in Q3 2026, Antamina produced 2.7 million ounces of attributable silver, and Peñasquito produced a record 3.1 million ounces of attributable silver. San Dimas produced 5,700 ounces of attributable gold, Blackwater produced 0.2 million ounces of attributable silver and 5,600 ounces of attributable gold, Sudbury produced 4,000 ounces of attributable gold, Constancia produced 0.6 million ounces of attributable silver and 3,200 ounces of attributable gold, Stillwater produced 1,200 ounces of attributable gold and 2,100 ounces of attributable palladium, and Voisey's Bay produced 403,000 pounds of attributable cobalt. Other Gold production was 6,200 ounces, and Other Silver production was 1.7 million ounces in Q3 2026. Notable operational updates included Hemlo's production ramp-up, B2Gold's completion of Phase 1 upgrades at Goose, Aris Mining's commissioning of a new filtered tailings facility at Marmato, Ivanhoe's ramp-up at Platreef, and Rio2's update on Fenix. The company continues to advance construction activities at several development projects, including Mineral Park, Platreef, Fenix, El Domo, and Kurmuk.
(TSX:CG) Centerra Gold Inc. announced that the Toronto Stock Exchange has accepted the renewal of its normal course issuer bid (NCIB) for an additional one-year period. The renewed NCIB allows Centerra to purchase for cancellation up to 19,318,076 common shares during the twelve-month period from November 10, 2026 to November 9, 2027, representing 10% of the public float. As of October 31, 2026, Centerra had 193,671,809 common shares issued and outstanding. Daily purchases under the NCIB are limited to 167,484 common shares, which is 25% of the average daily trading volume of 669,937 common shares on the TSX from May 1, 2026 to October 31, 2026, except for block purchase exemptions. The company is not obligated to purchase any shares and may suspend or discontinue purchases at its discretion. Purchases will be made at market price through the TSX, NYSE, and/or alternative trading systems in Canada or the United States, in compliance with applicable securities legislation and stock exchange rules. The previous NCIB authorized the purchase of up to 20,129,230 common shares and expires on November 9, 2026. As of October 31, 2026, a total of 8,970,800 common shares were purchased under the previous NCIB at a volume weighted average price of $24.33 per share. On November 3, 2026, the Ontario Securities Commission granted Centerra exemptive relief to purchase up to 10% of its public float through the NYSE and other U.S.-based trading systems during the 12-month NCIB period, instead of being limited to 5% of its outstanding common shares at the beginning of the period. Centerra intends to establish an automatic share purchase plan with a designated broker to facilitate purchases during regulatory or self-imposed blackout periods. The company believes its shares trade within a price range that does not fully reflect the underlying value of its assets or future prospects, and views the NCIB as a flexible tool to allocate a portion of its cash balance while maintaining a robust balance sheet. On November 4, 2026, Centerra's Langeloth Metallurgical Facility entered into a three-year, $75 million asset-based revolving credit facility with ING Capital LLC. This facility provides direct access to financing for working capital requirements, which fluctuate with molybdenum prices and volumes, reducing reliance on funding from Centerra and enhancing financial flexibility. Centerra operates the Mount Milligan Mine in British Columbia, Canada, the Öksüt Mine in Türkiye, and owns the Kemess gold-copper Project in British Columbia and the Goldfield gold Project in Nevada, United States. The company also owns and operates US Moly, including the Thompson Creek Mine in Idaho and the Langeloth Metallurgical Facility in Pennsylvania.
(NASDAQ:KTCC) Key Tronic Corporation has been awarded a Gold Medallion at BAE Systems’ eighth annual “Partner2Win” Supplier Symposium. The award recognizes Key Tronic’s exceptional operational performance and commitment to excellence as a supplier. Key Tronic plays a critical role in the supply chain for BAE Systems, ensuring high-quality and reliable capabilities are delivered to the warfighter on time and on mission. The company has contributed to the strength of the U.S. defense industrial base by helping BAE Systems ensure the reliable delivery of critical combat vehicles and weapon systems to the U.S. military and its global allies. Garrett Lacaillade, vice president of Integrated Operations for BAE Systems’ Combat Mission Systems business, stated that the theme for the year is “Getting the U.S. Mission Ready,” emphasizing speed and quality in delivering products for warfighters. Lacaillade highlighted the importance of partnerships with suppliers like Key Tronic in driving the mission and supporting the warfighter. The “Partner2Win” program, now in its eighth year, acknowledges U.S.-based suppliers who excel in procurement, quality, and operations. Through the program, BAE Systems fosters strategic collaborations with suppliers, sharing best practices and innovative solutions to drive mutual success and ensure military readiness. Key Tronic provides value-added design and manufacturing services from facilities in the United States, Mexico, and Vietnam. The company offers full engineering services, materials management, worldwide manufacturing, assembly services, in-house testing, and worldwide distribution. Key Tronic’s customers include leading original equipment manufacturers.
(TSXV:DYG) Dynasty Gold Corp. announced a new gold discovery in the footwall of the Pelham deposit at its 100%-owned Thundercloud project in Northwest Ontario. Drill hole DP26-07 intersected 7.5 meters averaging 3.65 g/t gold near the bottom of the hole, with five continuous 1.5-meter gold assays. This new mineralized zone is approximately 100 meters below the Pelham zone and within 100 meters of previous drilling, which returned high-grade intercepts up to 8.9 g/t gold over 73.5 meters. DP26-07 intersected three stacked lenses starting at 151m, 213m, and 279m, ending in mineralization at 323 meters, expanding the known footprint of the Pelham gold system. Five consecutive 1.5-meter samples between 315.5 and 323.0 meters returned grades up to 6.26 g/t Au. The deposit remains open along strike and at depth. DP26-06 also tested down-dip mineralization within the Pelham Zone, with partial results received, and assays from Hole 6 and holes 8 to 14 are expected in the coming weeks. The Thundercloud project benefits from direct access to the Trans-Canada Highway, rail, local labor, and nearby power. Dynasty Gold plans an additional 1,000 to 1,500 meters of drilling in 3 or 4 step-out holes to further extend the down-plunge mineralization intercepted by DP26-07. The current mineralized footprint occupies only a small fraction of the 36-square-kilometer land package. In the South-Pelham area, Hole DP26-04 intersected three bands of mineralization at depths of 8m, 80m, and 174m, with highlights including 1.5 meters at 2.92 g/t Au and 1.5 meters at 2.28 g/t Au. DP26-05 intersected gold mineralization six meters from surface. Holes DP26-1 to DP26-3 contained geochemically anomalous gold values but no intersections of economic significance. The South-Pelham area hosts a 700m long trend of gold-in-soil geochemical anomalies and coincident magnetic and IP anomalies. Dynasty Gold's CEO and President, Ivy Chong, stated that the drill program successfully extended gold mineralization at depth within the Pelham Zone and confirmed down-dip and down-plunge continuity, with the structure and gold-mineralized chute remaining open at depth and along strike. Dynasty Gold reports having over $2M in the treasury following the completion of this year's drilling commitment. Core recovery is close to 100%, and true widths of gold mineralization are not yet known. All gold values higher than 3 g/t were re-assayed using Au-GRA21 gravimetric fire assays. The technical information was reviewed and approved by Peter Holbek, MSc, P.Geo, an independent consultant and Qualified Person as defined in NI 43-101.
(LSE:GAL) Galantas Gold Corp. has announced its intention to apply for admission of its common shares to the FCA ICCSL segment and to trade on the London Stock Exchange Main Market. The company plans to achieve this via an introduction of existing shares, with no fundraising or issuance of new securities as part of the process. Admission to the Main Market is subject to the approval of a prospectus by the Financial Conduct Authority (FCA) and the granting of a listing by the London Stock Exchange. The company expects admission to occur prior to 31 December 2026. Trading on AIM will be cancelled concurrently with the Main Market admission, and in any event, AIM trading will not be cancelled earlier than 4 December 2026. The admission process is not conditional on shareholder approval. Galantas Gold Corp. is currently advancing the necessary workstreams to meet the conditions required for admission. The company has not disclosed any plans to raise capital or issue new securities in connection with this move. The transition is structured as an introduction of existing shares only. The company has specified that the move is subject to regulatory approvals. The FCA must approve the prospectus before admission can proceed. The London Stock Exchange must also grant a listing for the shares to begin trading on the Main Market. The company has set a latest-possible date for AIM trading cancellation as 31 December 2026, with a minimum notice that cancellation will not occur before 4 December 2026. No shareholder vote is required for this transition. Galantas Gold Corp. is actively working to satisfy all regulatory and procedural requirements for the move.
(TSXV:GAL) Galantas Gold Corporation announced its intention to apply for admission of its common shares to the Equity Shares (International Commercial Companies Secondary Listing) (ICCSL) segment of the Official List maintained by the Financial Conduct Authority (FCA) and to trading on the London Stock Exchange plc's main market for listed securities (Main Market), collectively referred to as 'Admission'. The company stated that Admission to the ICCSL is in the best interests of the company and its shareholders, aligning with its strategy to build a mid-tier gold producer through the advancement of its gold and copper assets in Chile and the proposed graduation of its Canadian listing from the TSX Venture Exchange to the Toronto Stock Exchange. Galantas confirmed that it will not be raising any funds or offering any new securities in connection with Admission or the publication of the related prospectus. The Admission will be effected through an introduction of the company's existing common shares. Admission is subject to the approval by the FCA of a prospectus and the ordinary shares being admitted by the FCA to the ICCSL segment of the Official List and by the London Stock Exchange to trading on the Main Market. The company is currently progressing workstreams to facilitate Admission and, subject to satisfaction of these conditions, expects Admission to occur prior to 31 December 2026. Galantas gave notice of the intended cancellation of trading of its common shares on AIM in accordance with Rule 41 of the AIM Rules for Companies. The company's listing on AIM is expected to be cancelled concurrently with Admission, and in any event no earlier than 4 December 2026, which is at least 20 business days after the date of this announcement. Admission is not conditional upon shareholder approval. Galantas shareholders are advised that the company's common shares will cease to be traded on AIM with effect from Admission and should consult their own professional advisors regarding the consequences. The company will make a further announcement on the status of the proposed applications for Admission and the timeline for Admission in due course. Galantas Gold Corporation is focused on the acquisition, development, and advancement of gold and copper assets in stable mining jurisdictions. The company is currently advancing the development of Andacollo Gold and exploration at Indiana, both projects located in Chile. Mario Stifano is the Chief Executive Officer of Galantas Gold Corporation.
(CSE:NOR) Northern Discovery Metals Inc. has completed the acquisition of a 100% interest in the Cibola copper-gold project located in British Columbia from Orogen Royalties Inc., pursuant to a purchase agreement dated October 7, 2026. The Cibola property comprises approximately 3,567 hectares of road-accessible mineral claims situated about 90 kilometres by road south-southwest of Houston, British Columbia. At closing, Northern Discovery Metals paid $30,000, issued 100,000 common shares, and granted Orogen or its nominees a 2% net smelter returns royalty on the property. Under the agreement, Northern Discovery Metals is also required to pay $50,000 and issue 300,000 common shares upon the earlier of receiving a drilling permit for the property or July 31, 2027, and to pay an additional $50,000 and issue another 300,000 common shares on the earlier of six months after receipt of a drilling permit or December 31, 2027. All amounts are in Canadian dollars. All common shares issued or issuable under the agreement are or will be subject to a statutory hold period of four months and one day from the applicable date of issuance. The acquisition is an arm’s length transaction, and no finder’s fees are payable. The royalty may be reduced 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 study or a feasibility study. The royalty also applies to additional mineral interests acquired within a one-kilometre area of interest as provided in the royalty agreement. If Northern Discovery Metals has not completed 15,000 metres of drilling on the property by August 12, 2030, an annual payment of $20,000 to the underlying optionors will be required until that threshold is met. Jared Suchan, Ph.D., P.Geo. (EGBC #67668), Chief Executive Officer and Director of the company, has reviewed and approved the scientific and technical contents of the news release. Northern Discovery Metals also holds an option to acquire a 100% interest in the Vent Project on Vancouver Island, British Columbia, and owns a 100% interest in the Cibola copper-gold project in British Columbia.
(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation announced initial scoping-level metallurgical testwork results from the Camp Creek system at its wholly owned Thorn Project in NW British Columbia, Canada. The company tested three composites representing the main mineralization styles at Camp Creek: Porphyry X (copper-molybdenum-gold porphyry at depth), the near-surface Oban Breccia, and high-sulphidation gold-silver-copper veins of the upper Camp Creek system. All three composites responded well to conventional gravity concentration and rougher flotation. Combined gravity and rougher flotation gold recoveries ranged from 88.8% to 96.9%, and silver recoveries ranged from 88.2% to 95.7%. The Porphyry X composite (0.52% Cu, 0.22 g/t Au, 519 ppm Mo) achieved rougher flotation recoveries of 97.2% copper, 88.4% molybdenum, and 88.3% gold into a rougher concentrate grading 3.20% Cu, 0.32% Mo, 2.05 g/t Au, and 43.7 g/t Ag, for an overall gold recovery of 88.8%. The Oban Breccia composite (3.77 g/t Au, 1,280 g/t Ag, 0.93% Cu) achieved overall recoveries of 93.1% gold and 93.9% silver, with a rougher concentrate grading 9.94 g/t Au, 2,966 g/t Ag, and 2.30% Cu, and a copper rougher recovery of 97.3%. The high-sulphidation veins composite (3.44 g/t Au, 148 g/t Ag, 0.77% Cu) achieved overall recoveries of 96.9% gold and 95.7% silver; gravity concentration alone recovered 6.0% of the gold into a concentrate grading 279 g/t Au. The Camp Creek system has a history of wide, well-mineralized intercepts, including 554.70 m of 0.57 g/t Au, 43.18 g/t Ag, and 0.24% Cu in the Oban Breccia (THN19-150), and 967.71 m of 0.25% Cu, 0.09 g/t Au, 2.39 g/t Ag, and 186 ppm Mo in the porphyry (THN22-201). Copper equivalent (CuEq) was calculated using US$4.75/lb Cu, US$3,500/oz Au, US$50/oz Ag, and US$20/lb Mo, and recoveries of 97.1% Cu, 92.9% Au, 92.6% Ag, and 73.0% Mo. The Oban Breccia and high-sulphidation veins rougher concentrates carried 40.2% and 46.9% of the feed mass, respectively, reflecting head sulphur grades of 12.0% and 17.2%. The next phase of testwork will include cleaner flotation to reject sulphide and upgrade the concentrates, and will assess the deportment of lead, zinc, and antimony. The results will be incorporated, with the 2026 drill results, into the maiden Camp Creek Mineral Resource Estimate (MRE), which is being prepared with APEX Geoscience Ltd. and is expected in the first quarter of 2027. Gary R. Thompson, Chairman and CEO, stated that the initial metallurgical results show each mineralization style responds well to a conventional gravity and flotation flowsheet, with gold recoveries up to 96.9% and copper rougher recoveries above 97%. The Camp Creek system includes the Glenfiddich, Northside, and Talisker vein systems and the Oban diatreme breccia, with the porphyry beginning at approximately 300 m depth and intersected by drilling to depths of more than 1,500 m. Selected previously reported drill intercepts include 95.00 m of 1.70 g/t Au and 628.00 g/t Ag from 6.00 m depth in THN11-60 (Oban Breccia), including 9.25 m of 3.04 g/t Au and 2,984.00 g/t Ag; 554.70 m of 0.57 g/t Au, 43.18 g/t Ag, and 0.24% Cu from 97.00 m depth in THN19-150 (Oban Breccia); 16.00 m of 3.40 g/t Au, 96.08 g/t Ag, and 0.59% Cu in THN25-322 (Glenfiddich); 14.75 m of 1.71 g/t Au, 149.00 g/t Ag, and 1.25% Cu in THN26-372 (Glenfiddich), including 1.50 m of 11.30 g/t Au, 971.00 g/t Ag, and 8.33% Cu; and 28.35 m of 1.63 g/t Au, 76.79 g/t Ag, and 0.61% Cu in THN25-325 (Northside). Deep drilling since 2020 has returned intervals such as 976.52 m of 0.22% Cu, 0.07 g/t Au, 2.06 g/t Ag, and 154 ppm Mo in THN21-183; 967.71 m of 0.25% Cu, 0.09 g/t Au, 2.39 g/t Ag, and 186 ppm Mo in THN22-201, including 150.00 m of 0.60% Cu, 0.19 g/t Au, 5.13 g/t Ag, and 391 ppm Mo; and 647.83 m of 0.26% Cu, 0.11 g/t Au, 2.70 g/t Ag, and 274 ppm Mo in THN24-307, including 50.00 m of 0.54% Cu, 0.58 g/t Au, 5.33 g/t Ag, and 176 ppm Mo. Several holes ended in mineralization, and the porphyry remains open in multiple directions. Metallurgical composites were prepared from drill core sampled under Brixton's protocols, with core samples mostly taken at 1.50 m intervals and high-grade intervals at 0.50 to 1.50 m intervals. Blank, duplicate, and certified reference materials were inserted at a combined rate of up to 15%. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia, for gold by fire assay and for Ag, Pb, Cu, Zn, and 48 additional elements by four-acid digestion with ICP-MS finish. Brixton received initial scoping-level metallurgical test results from SGS Canada Inc., an independent laboratory, with each composite ground to a target primary grind size of 80% passing 75 µm (P80) and processed through a Knelson concentrator and Mozley table, followed by rougher flotation. The Porphyry X composite assayed 0.22 g/t Au, <10 g/t Ag, 0.52% Cu, 519 ppm Mo, and 3.37% S. The Oban Breccia composite assayed 3.77 g/t Au, 1,280 g/t Ag, 0.93% Cu, 5.73% Pb, 2.80% Zn, 0.44% Sb, and 12.0% S. The high-sulphidation veins composite assayed 3.44 g/t Au, 148 g/t Ag, 0.77% Cu, and 17.2% S. Gold head grades calculated from metallurgical balances were higher than direct head assays for all three composites (0.40, 4.45, and 4.53 g/t Au, respectively). The Oban Breccia rougher concentrate carried 40.2% of the feed mass, and the high-sulphidation veins rougher concentrate carried 46.9% of the feed mass.
(TSXV:MGG) Minaurum Silver Inc. has completed its 50,000-metre Phase II resource expansion drill program at the Alamos Silver Project in Sonora, Mexico. The final holes of the program returned high-grade silver results from the Europa, San Jose, Promontorio Sur, and the newly discovered Africa vein zone, as well as high-grade gold at Quintera. Results from this program will be incorporated into an updated Phase II mineral resource estimate targeted for release this quarter. Highlights from the Africa Vein Zone include 2.80 m of 751 g/t AgEq (302 g/t Ag, 0.64 g/t Au, 1.50% Cu, 5.09% Pb, 6.83% Zn), including 0.50 m of 1,579 g/t AgEq (354 g/t Ag, 1.90 g/t Au, 2.85% Cu, 20.00% Pb, 17.40% Zn) in hole AL26-274. At Quintera, results include 5.30 m of 385 g/t AgEq (316 g/t Ag, 0.16 g/t Au, 0.47% Cu, 0.31% Pb, 0.35% Zn), including 0.70 m of 1,757 g/t AgEq (1,450 g/t Ag, 1.00 g/t Au, 2.01% Cu, 1.24% Pb, 0.89% Zn) in hole AL26-279, and 4.40 m of 439 g/t AgEq (32 g/t Ag, 4.50 g/t Au, 0.20% Pb), including 0.50 m of 1,229 g/t AgEq (188 g/t Ag, 11.45 g/t Au, 0.92% Pb) in hole AL26-206. Europa Sur returned 0.50 m of 1,049 g/t AgEq (895 g/t Ag, 0.04 g/t Au, 1.52% Cu, 0.28% Pb, 0.62% Zn) in hole AL26-277. Promontorio Sur reported 12.20 m of 238 g/t AgEq (14 g/t Ag, 0.02 g/t Au, 0.01% Cu, 2.08% Pb, 7.61% Zn), including 5.45 m of 336 g/t AgEq (21 g/t Ag, 0.02 g/t Au, 0.01% Cu, 2.58% Pb, 10.99% Zn) in hole AL26-272. The Phase II program consisted of 50,356.15 metres in 138 holes. In January 2026, Minaurum announced an initial inferred resource estimate of 55.2 million ounces AgEq, or 34.8 million ounces of silver, 35,640 ounces of gold, 51.0 million pounds of copper, 115 million pounds of lead, and 238 million pounds of zinc, with average grades of 320 g/t AgEq, or 202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, and 2.01% zinc, using a cutoff grade of 150 g/t AgEq, contained within 5.37 million tonnes. The initial resource is defined in just 3 of the 26 vein zones identified at Alamos: Promontorio, the central part of Europa, and Travesia. The objective of Phase II was to expand the resource by stepping out at roughly 80-m intervals along strike and down dip from previously identified resources and vein intercepts. Table 1 summarizes core drilling: Phase II (2025-2026) included 138 holes for 50,356.15 metres, with a total of 291 holes and 104,170.75 metres drilled at Alamos to date. Table 2 details Phase II drilling by vein zone: Europa (including Europa Sur, Europa Norte, and Africa) had 83 holes for 30,687.70 metres; Quintera/Travesia had 29 holes for 11,484.15 metres; Promontorio had 9 holes for 2,664.10 metres; and San Jose had 17 holes for 5,520.20 metres. The Africa vein was discovered approximately 50 m into the footwall of the Europa Sur vein zone and tested by extending Europa Sur-targeted holes. Hole AL26-274 cut 2.80 m of 751 g/t AgEq, about 150 m south of a previous intersection in hole AL26-268 (2.05 m of 669 g/t AgEq). In the Quintera footwall, hole AL26-206 intersected 4.40 m grading 4.50 g/t Au and 32 g/t Ag (439 g/t AgEq), including 0.50 m of 11.45 g/t Au and 188 g/t Ag (1,229 g/t AgEq). Hole AL26-279 returned 1.70 m of 288 g/t AgEq and 5.30 m of 385 g/t AgEq, including 0.70 m of 1,757 g/t AgEq. Hole AL26-277 in Europa Sur cut 0.50 m of 1,049 g/t AgEq. Promontorio Sur drilling reported strong base-metal mineralization with silver credits, including hole AL26-272 with 2.10 m of 6.24% Pb+Zn (152 g/t AgEq), 5.95 m of 9.70% Pb+Zn (234 g/t AgEq), and 12.20 m of 14 g/t Ag and 9.69% Pb+Zn (238 g/t AgEq). Hole AL26-278 intersected 2.25 m of 33 g/t Ag and 7.09% Pb+Zn (229 g/t AgEq), and hole AL26-281 reported 3.35 m of 5.39% Pb+Zn (129 g/t AgEq). Hole AL26-276 in San Jose reported a 0.50-m interval of 156 g/t AgEq (147 g/t Ag, 0.01 g/t Au, 0.04% Cu, 0.07% Pb, 0.15% Zn). Commodity price assumptions for AgEq calculations were Ag $29.73/tr oz, Au $2,646/tr oz, Cu $4.34/lb, Pb $0.92/lb, Zn $1.21/lb, with metallurgical recovery assumptions of 88.3% for Ag, 88.5% for Au, 75.5% for Cu, 83% for Pb, and 75% for Zn. Darrell Rader, President and CEO of Minaurum Silver, stated that the Phase II program has been a significant success and that the company looks forward to delivering the updated Phase II resource estimate this quarter.
(TSXV:PEMC) Pacific Empire Minerals Corp. announced the completion of its 2026 diamond drill program at its Trident and Pinnacle properties in the Quesnel Terrane of north-central British Columbia. The company completed 14 diamond drill holes totaling 4,548.5 metres, with eight holes (2,410.6 metres) at Trident and six holes (2,137.9 metres) at Pinnacle. Core from 13 of the 14 holes has been logged and sampled, and 2,286 core samples have been submitted for analysis to ALS Canada Ltd. The 2026 program drilled approximately 75% more metres than the 2025 program. Drilling tested six targets: A Zone, East IP Anomaly, East Breccia, and West Breccia at Trident, and Pinnacle South and Pinnacle Aplite North at Pinnacle. Three Trident targets were step-outs from the A Zone and Central Porphyry areas drilled in 2025. Full assay results from Trident are anticipated by the end of 2026, with Pinnacle and 2025 core results expected in early 2027. At Trident, holes DD26TRI007 to DD26TRI009 targeted the A Zone, DD26TRI010 to DD26TRI012 targeted the East IP Anomaly, DD26TRI013 targeted East Breccia, and DD26TRI014 targeted West Breccia. Hole DD26TRI011 has not yet been logged or sampled. At Pinnacle, holes DD26PIN015 and DD26PIN016 targeted Pinnacle South, while DD26PIN017 to DD26PIN020 targeted Pinnacle Aplite North. The program marks the return of diamond drilling to Pinnacle, last drilled in 2017. The company has also submitted samples from previously unsampled intervals of 2025 holes DD25TRI003, DD25TRI004, and DD25TRI005, with results anticipated in early 2027. The remaining core from DD25TRI006 will be submitted shortly. Results will be released following review and verification by the Qualified Person and will be integrated with historic drilling, geophysics, and geochemistry into an updated geological model. Brad Peters, President and CEO, stated that 2026 was a milestone season, with both Trident and Pinnacle drilled in the same program and the system tested on a district scale. The company engaged Quinn Harper, P. Geo., of inData Geoscience Ltd. as its Qualified Person. Drill core was logged and sampled at the 2026 exploration camp, with samples shipped under chain of custody to ALS Canada Ltd. Samples are crushed to 70% passing 2 mm, and a 1,000 g split is pulverized to 85% passing 75 µm. Gold is determined by 30 g fire assay with atomic absorption finish, and 48 elements by four-acid digestion with ICP-MS finish. As part of QA/QC, a blank or certified reference material was inserted at every 20th sample position (5%), alternating between the two. Pacific Empire holds a district-scale land position in north-central British Columbia totaling 16,982 hectares.
(TSXV:RAGE) Renegade Gold Inc. reported results from its 2026 first-pass till and soil geochemical sampling at the LP-Uchi Project, located approximately 50 km east of Red Lake, Ontario. The program identified multiple new, multi-kilometre gold anomalies along the LP fault corridor, defining several targets for follow-up exploration. The 2026 fieldwork is now complete across the Confederation Belt, including mapping and prospecting at Belanger, mapping and prospecting at BobJo, and a first-pass till and soil sampling program across the LP-Uchi corridor. Elevated gold, silver, antimony, and arsenic values define several new targets along the LP fault corridor. Gold anomalies are spatially associated with fault structures interpreted from the winter 2025/2026 drone magnetic survey. A total of 884 till and soil samples were collected across the LP-Uchi corridor. New LP-Uchi targets complement previously reported high-grade channel sampling results from BobJo, including 16.2 g/t Au over 5.0 m (including 56.1 g/t Au over 1.4 m), and Belanger, including 25.9 g/t Au over 0.3 m and 2.52 g/t Au over 9.2 m. The first-pass till and soil sampling program over the LP-Uchi corridor is now complete, with assays returned for both till and soil (enzyme-leach) samples. Elevated gold, silver, antimony, and arsenic define several new targets along the interpreted LP fault trend, including one northwest of Bluffy Lake. Gold anomalies follow the fault zones interpreted from the winter 2025/2026 drone magnetic survey. These results support further grassroots exploration and project planning to de-risk potential diamond drilling along the LP-Uchi corridor. Results from the 2026 Greenfield Exploration programs at Belanger, BobJo, and the LP-Uchi corridor will be integrated with historical datasets to support ongoing geological interpretation and target refinement. The company intends to use these results, together with the winter 2025/2026 drone magnetic data, to advance priority targets toward drill-readiness as part of its planned 2027 exploration program across the Confederation Belt. The till and enzyme-leach program at LP-Uchi was completed by a third-party contractor. Approximately 0.5 kg of A or B Horizon soil was collected, where possible, on 750 m line spacings at 250 m intervals for the till and at a 200 m x 200 m grid for enzyme-leach samples. Samples were sent to ALS Canada Ltd. independent of the company. Till samples were screened to 180-mesh and analyzed by Aqua Regia digest with ICP-MS Super Trace Au + 53 multi-element analyses. Enzyme-leach samples received a 61-element sodium cyanide leach at a buffered pH of 8.5. Internal ALS Canada replicates and certified reference materials comprise the QA/QC for all till and enzyme-leach analyses. The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., the Executive Chair and a director of the company and a Qualified Person pursuant to National Instrument 43-101. Renegade Gold Inc. holds 1,542 km² of mineral claims in the Red Lake Mining District of northwestern Ontario. The company is advancing its flagship Rebel Gold Deposit while building a greenfield discovery pipeline across the Confederation Belt, Gullrock, and Red Lake project areas.
(TSX:AYA; NASDAQ:AYA) Aya Gold & Silver Inc. has entered into a term sheet with Sama Resources Inc. (TSXV:SME) for the proposed sale of its Azegour project in Morocco in exchange for common shares of Sama. Azegour is a brownfield, polymetallic copper-tungsten-molybdenum project located in the Western High Atlas of Morocco, 80 kilometers south-southwest of Marrakech. The transaction is intended to streamline Aya’s project portfolio. Upon closing, Aya expects to hold up to 19.11% of Sama’s issued and outstanding shares. Benoit La Salle, President & CEO of Aya, stated that the sale allows Aya to focus on its core priorities while maintaining exposure to Azegour’s future potential through its shareholding in Sama. Under the proposed terms, Sama would acquire a newly incorporated wholly owned subsidiary of Aya, which, through its subsidiaries, would hold the mining titles and related assets comprising the Azegour project, including two mining licenses and two exploration permits. Prior to closing, Aya would arrange for the transfer of the mining titles to the relevant subsidiary. Aya would also grant Sama a license to the intellectual property associated with the surrounding geographic region, including relevant exploration information and data. Aya will provide transitional legal, financial, management, and geological support for one year following closing. The consideration for the transaction would be payable entirely in common shares of Sama, with the number of shares representing up to 19.11% of Sama’s issued and outstanding shares following issuance. The transaction remains subject to certain conditions, including the execution of a definitive agreement and receipt of applicable regulatory approvals.
(TSXV:LAB) Labrador Gold Corp. announced that its Board of Directors has initiated a comprehensive review of strategic alternatives aimed at maximizing shareholder value and positioning the company for its next phase of growth. The strategic review follows the company's recently completed financing, which has strengthened its balance sheet, as well as changes to its shareholder base and leadership. The Board will evaluate a broad range of potential transactions, corporate initiatives, and strategic alternatives. These include the potential separation of the company's mineral exploration business and investment activities, possibly establishing a separately capitalized investment issuer focused on strategic investments in publicly traded and private companies in the natural resources sector. The review will also cover capital allocation priorities, corporate cost structure, governance framework, and financing strategies to ensure efficient deployment of financial resources. The Board will consider strategic acquisitions of mineral exploration and development assets that complement the company's existing portfolio and offer compelling exploration potential and long-term value creation opportunities. Portfolio optimization will be assessed, including potential divestitures, joint ventures, earn-in arrangements, and other transactions intended to optimize the asset portfolio and prioritize capital allocation. Raymond D. Harari, President and Director, stated that with a strengthened financial position and an expanded shareholder base, the company is well positioned to evaluate a broad range of opportunities and aims to deploy assets and financial resources strategically for sustainable, long-term growth. The Board intends to complete its strategic review by January 15, 2027, but there is no assurance that the review will result in any particular transaction, corporate reorganization, or other strategic change, or that any potential transaction will be completed. Any proposed transaction or corporate reorganization will be subject to applicable regulatory, stock exchange, shareholder, and other approvals as required. Labrador Gold Corp. has 286,012,288 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
(TSXV:XGC) Xali Gold Corp. has temporarily paused its Ficha Técnica Ambiental (FTA) application for drilling on the Pico Machay Gold Project in Peru to allow additional time to compile further information on historical work at the project, as requested by Peru’s Ministry of Energy and Mines (MINEM). While gathering the requested data, the company will continue advancing other permitting work to minimize delays to the planned drill program. Xali Gold expects that addressing MINEM’s requests before resubmitting the FTA will facilitate a more optimized review process and reduce the likelihood of further clarification rounds or unnecessary approval delays. Joanne Freeze, President and CEO of Xali Gold, stated that the additional data requested by MINEM will be useful for future permitting and that drilling is still expected to commence before December. The company’s drilling contractor, GEMA (Geologia Estudios Medio Ambientales Drilling & Construction S.R.L.), estimates that the resource confirmation drilling program, using two drills, will take approximately six weeks, based on their experience with similar high-sulphidation gold projects in Peru, such as La Arena. Pico Machay is located within the Southern Peru Epithermal Gold-Silver Belt, in a historically productive mining district in the Western Cordillera of the Andes. The project benefits from existing infrastructure and a mining-friendly community. Pico Machay hosts a historical resource and several untested exploration targets. Historical engineering studies at Pico Machay, completed through 2009, evaluated the potential for a low-cost, low strip-ratio, open-pit heap-leach operation, based on a long-term gold price of $700/oz. Xali Gold considers the upside potential at Pico Machay to be very strong due to untested exploration targets and the historical resource. The company is focused on advancing Pico Machay as an advanced exploration-stage gold project in Peru with a near-term production goal. Joanne C. Freeze, P.Geo., President, CEO and Director, is the Qualified Person who has reviewed and approved the contents of this release.
(NYSE: AG) First Majestic Silver Corp. announced its unaudited condensed interim consolidated financial results for the third quarter ended September 30, 2026. Third quarter revenues increased 38% year-over-year to $394.1 million, driven by higher realized silver and gold prices. Silver and gold bullion inventories totaled $54.1 million at quarter end. Net earnings for the quarter were $74.5 million, with earnings per share (EPS) of $0.15 and adjusted EPS of $0.19. Free cash flow generated in the quarter was $85.5 million, after paying $73.7 million in cash income taxes and settlements. The company ended the quarter with $1.23 billion in treasury, a 32% increase from $937.7 million at the end of 2025. Mine operating earnings were $170.1 million, up from $99.1 million in Q3 2025. EBITDA for the quarter was $228.8 million, a 78% increase from $128.6 million in Q3 2025. Adjusted net earnings were $92.5 million, compared to $32.4 million in Q3 2025. Cash costs per attributable payable silver equivalent ounce were $21.75, and all-in sustaining costs (AISC) were $30.45 per ounce. The company generated an AISC margin of $31.95 per AgEq ounce, up from $18.14 per ounce in Q3 2025. Operating cash flow before changes in working capital and taxes was $214.3 million, or $0.43 per share. The company declared a cash dividend of $0.0142 per share for the third quarter of 2026, a 176% increase year-over-year. During the three and nine months ended September 30, 2026, the company repurchased 100,000 and 1,300,000 shares at an average price of CAD$21.00 and CAD$25.78, respectively, under its share repurchase program renewed on October 14, 2026. Finished goods inventory at September 30, 2026, included 760,832 silver ounces and 1,960 gold ounces, with a fair market value of $46.0 million for silver and $8.1 million for gold. Ore processed/tonnes milled in Q3 2026 was 1,088,708, with 3,440,447 silver ounces and 29,552 gold ounces produced. Attributable capital expenditures were $101.9 million, up from $47.6 million in Q3 2025. Working capital reached $882.3 million, excluding $162.9 million in restricted cash. The company’s four producing mines—Los Gatos, San Dimas, Santa Elena, and La Encantada—contributed to consolidated results. Base metal production at Los Gatos included 13,277,264 lbs zinc, 7,839,182 lbs lead, and 221,111 lbs copper (70% attributable basis). The company settled a historic tax dispute with the Mexican tax authority (SAT) relating to Minera La Encantada, S.A. de C.V., with a one-time settlement expense of $30.7 million. The company continues to work with SAT on settling a legacy tax issue relating to an advance pricing agreement for Primero Empresa Minera, S.A. de C.V. Attributable capital expenditures to the end of Q3 2026 represented 62% of the 2026 capital expenditures guidance midpoint. The company produced 3.4 million silver ounces and 29,552 gold ounces in Q3 2026, reaching 72% and 75% of revised annual guidance midpoints, respectively. Cash in treasury included $162.9 million held in restricted cash. The company’s overall liquidity, defined as working capital plus undrawn lines of credit, was $1.04 billion as at September 30, 2026.
(CSE: USGD) American Pacific Mining Corp. reported assay results from four exploration holes at its 100%-owned Madison Copper-Gold Project in Montana. Gold mineralization was intersected in all three reverse circulation (RC) holes: M26RC-01, M26RC-02, and M26RC-03. Core hole M26C-03 returned lead-zinc-bearing intervals. All four holes tested new targets, including areas up to approximately 800 metres from the historic Madison and Broadway mine areas. M26RC-01 returned 9.2 m at 3.74 g/t gold from 166.1 m, including 4.6 m at 7.02 g/t gold from 167.6 m, and 1.5 m of 10.65 g/t gold and 0.11% copper. M26RC-02 returned 15.2 m at 1.03 g/t gold from 120.4 m, including 3.0 m at 2.43 g/t gold. M26RC-03 returned 3.0 m at 4.53 g/t gold from 15.2 m, including 1.5 m at 5.58 g/t gold. M26C-03 returned 0.5 m at 0.57% lead and 0.14% zinc. M26RC-01 also intersected a shallow copper interval of 10.7 m at 0.26% copper. The September 9, 2026 news release previously reported 30.8 m at 7.40 g/t gold, 9.62 g/t silver, and 0.29% copper in M26C-02, including 20.1 m at 11.15 g/t gold, 14.3 g/t silver, and 0.42% copper. The 2026 drill campaign is the largest coordinated drill program by American Pacific at Madison, including approximately 15,000 m of combined RC and diamond core drilling. The program is designed to extend and expand shallower high-grade copper-gold mineralization and test deeper porphyry targets. Assays from additional drill holes are pending and will be released as received and reviewed. Sampling for RC drilling occurred on 1.5-metre intervals, with samples analyzed at ALS Global Laboratories using industry-standard methods. Eric Saderholm, P.Geo., Managing Director of Exploration, is the designated Qualified Person for the technical content. Warwick Smith is CEO & Director of American Pacific Mining Corp. The company was a finalist for 'Deal of the Year' at the S&P Global Platts Metals Awards in 2021 and 2022 for the Madison transaction. American Pacific holds a major equity position in the Palmer Copper-Zinc VMS Project in Alaska through a 2025 transaction with Vizsla Copper and a significant equity position in ICG Silver & Gold through a spin-out of the Tuscarora District Project. The company also holds additional high-grade precious metals projects in Nevada.
(TSXV:JG) Japan Gold Corp. announced it has received US$3 million from OR Royalties Inc. to acquire an additional 0.5% net smelter return royalty on all Japan Gold properties. As a result, OR Royalties' royalty interest has increased from 1.5% to a total of 2.0%. On September 23, 2026, Japan Gold announced a Strategic Alliance with Solidcore Resources, a 50% premium to market equity financing, debt conversion at a 50% premium to market, and a royalty sale to OR Royalties Inc., resulting in a total $50 million of committed capital. Proceeds from the royalty sale will be used to advance Japan Gold's portfolio of properties outside the Solidcore Alliance, referred to as the Pipeline Areas, expand drilling capacity, and support general working capital requirements. John Proust, Chairman and CEO of Japan Gold, stated that OR Royalties' decision to increase its royalty interest reflects growing confidence in the prospectivity and long-term potential of the company's exploration property portfolio and the progress made in Japan. He also noted that the proceeds provide valuable non-dilutive capital to support advancement of the Pipeline Areas, increased drilling activity, and position the company to deliver a steady stream of exploration results while preserving shareholder value. Japan Gold Corp. is described as the largest mineral exploration company in Japan, with a portfolio of more than 3,000 sq km of prospective mineral rights covering regions known for gold mineralization and a history of high-grade epithermal gold production. The company focuses on acquiring and advancing high-quality exploration projects as a project generator, aiming to generate exploration upside for joint venture partners and provide long-term upside for shareholders while minimizing dilution.
(TSXV:TWR) Tower Resources Ltd. reported assay results from the final three holes, Nos. 079, 080, and 081, of its June diamond drilling program on the Rabbit North property near Kamloops, British Columbia. Five gold (Au) intersections up to 12.5 metres wide at a minimum Au grade of 1.40 g/t were encountered in Hole 081 on the Thunder North Zone, including high-grade intervals of 6.10 g/t Au over 4.1 m, 26.1 g/t Au over 1.2 m, and 2.90 g/t Au over 5.5 m. Holes 079 and 080 intersected a new copper-gold (Cu-Au) breccia pipe near the Blue Sky gold zone, marking the fourth such pipe discovered by the company in the area. The June drilling program comprised eight holes totaling 2,303.5 metres, targeting extensions of the Thunder, Thunder North, and Blue Sky gold discoveries. Hole 081 was drilled on the eastern part of the Thunder North Zone to replace a previous hole that was stopped short of the gold zone. The five significant Au intersections in Hole 081 included three within a 52 m span centered on the Thunder North structure and two higher in the hole near the Chilcotin cover basalts. The upper two gold intersections in Hole 081, beginning 44 and 77 m below the basalt, averaged 2.90 g/t Au over 5.5 m and 1.38 g/t Au over 12.2 m, respectively. A third intersection closer to the basalt averaged 0.86 g/t Au over 4.2 m. The three deeper gold intervals in Hole 081, beginning at 198.8, 213.3, and 246.0 m down-hole, averaged 26.1 g/t Au over 1.2 m, 1.40 g/t Au over 12.5 m, and 6.10 g/t Au over 4.1 m, respectively. Hole 079 intersected the Upper Blue Sky zone from 69.70 to 105.50 m (35.80 m at 0.17 g/t Au), from 119.00 to 141.00 m (24.00 m at 0.18 g/t Au), a Cu-Au breccia pipe from 143.00 to 161.00 m (18.00 m at 0.10% Cu and 0.20 g/t Au), and the Lower Blue Sky from 230.60 to 233.70 m (3.10 m at 2.82 g/t Au). Hole 080 intersected the Upper Blue Sky from 59.50 to 65.00 m (5.50 m at 0.91 g/t Au) and a Cu-Au breccia pipe from 136.50 to 205.00 m (68.50 m at 0.16% Cu and 0.16 g/t Au). The Cu-Au grade in Hole 080 increased down-hole, culminating in 8.8 m of 0.41% Cu and 0.21 g/t Au. Hole 081 intersected Thunder North from 47.00 to 51.20 m (4.20 m at 0.86 g/t Au), from 77.00 to 82.50 m (5.50 m at 2.90 g/t Au), from 110.50 to 122.70 m (12.20 m at 1.38 g/t Au), from 198.80 to 200.00 m (1.20 m at 26.10 g/t Au), from 213.30 to 225.80 m (12.50 m at 1.40 g/t Au), and from 246.60 to 250.70 m (4.10 m at 6.10 g/t Au), including 1.10 m at 20.40 g/t Au. The technical content of the news release was reviewed and approved by Stuart Averill, P.Geo., a director of the company and a Qualified Person as defined by National Instrument 43-101. Joe Dhami is President and CEO of Tower Resources Ltd.
(TSXV:GOT, OTCQB:GOTRF, FSE:B4IF) Goliath Resources Limited reported additional assays from its 2026 drill program at the 100% owned Golddigger Property, Golden Triangle, British Columbia, focusing on the Surebet Discovery. Drill hole GD-26-498 intersected 14.61 g/t AuEq over 6.00 meters. The 2026 drill program confirmed the continuity of the high-grade, gold-rich system, with 100% of completed drill holes at Surebet intersecting quartz-sulphide mineralization. Of 483 holes drilled to date, 412 (85%) contain VG-NE. Assays are pending for 43 holes drilled in 2026. Over 200,000 meters have been drilled at Surebet across 483 holes, maintaining a 100% hit rate. The 2026 program completed 48,443 meters across 97 holes using 7 drill rigs over 94 days. The Surebet system's footprint expanded to 2.01 km², a 12% increase from the previous 1.8 km². The Bonanza Zone expanded from 1.27 to 1.51 km², and the Golden Gate Zone from 0.85 to 1.17 km². The Big Bulk Zone, a newly discovered area, extends 310 meters in length, 500 meters laterally, and 110 meters vertically, with mineralized intervals up to 58 meters and grades up to 3.60 g/t AuEq. The project now consists of 46 identified stacked gold-rich veins defined by over 200,000 meters of drilling and over 1,500 pierce points, with ~77% at 25–50 meter spacing. Highlights from the 2026 program include: GD-26-493 intersected 14.61 g/t AuEq over 6.00 meters, including 21.68 g/t AuEq over 4.00 meters and 42.31 g/t AuEq over 2.00 meters; GD-26-490 assayed 11.88 g/t AuEq over 4.00 meters; GD-26-465 assayed 4.19 g/t AuEq over 8.60 meters; GD-26-455 assayed 5.98 g/t AuEq over 6.37 meters; GD-26-442 assayed 4.49 g/t AuEq over 4.35 meters; GD-26-486 assayed 5.13 g/t AuEq over 5.07 meters; GD-26-459 assayed 5.92 g/t AuEq over 4.00 meters; GD-26-459 intersected 4.34 g/t AuEq over 5.00 meters in the Whopper Zone; and GD-26-480 intersected 2.54 g/t AuEq over 8.06 meters in the Eldorado Zone. Metallurgical testing on a composite core sample resulted in recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb, and 96.9% for Zn using gravity and flotation circuits. Gravity-only recoveries were 48.8% Au and 10.3% Ag at a 327 micrometer crush size. The company is considering a potential spin-out of certain assets/claims into David Resources Limited, a private company 100% owned by Goliath. The most recent ore mineralization model prior to 2026 identified five stacked gold-mineralized vein systems/zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, collectively comprising 46 gold-rich lodes/veins and multiple subvertical Eocene-aged dyke swarms. The company is actively updating its high-grade gold wireframe models as assay results are received and will design a comprehensive drill plan for 2027 once all 2026 data is compiled.
(LSE:FORG) Forgent PLC reported shallow gold assays from 30 Phase II drill holes totaling 1,406 metres at central Curley's. All 12 close-spaced central holes returned gold-bearing intervals. Two holes yielded 7 metre intersections averaging 2.32g/t (from 26 metres, including 1 metre at 4.32g/t) and 1.05g/t (from 49 metres, including 1 metre at 3.63g/t). Primary one-metre assays reached 4.32g/t and 4.10g/t. Wider-spaced drilling returned no significant intersections. The company has reinterpreted the mineralisation as striking east–west and dipping northwards. The drill rig is scheduled to return this weekend to drill approximately 55 follow-up holes. Of these, 51 holes will be central (about 30 on a 20x20 metre grid, 15 on a 40x40 metre grid, and 6 on an 80x80 metre grid), plus 4 deeper northern holes. The follow-up drilling aims to test continuity and a potential maiden JORC resource. The announcement details the results and next steps for the Curley's project. The company is focusing on the central area where gold-bearing intervals were consistently intersected. The drilling program is designed to provide sufficient data for resource estimation. The reinterpretation of mineralisation orientation may impact future exploration strategy. No significant intersections were found in wider-spaced holes. The company is advancing towards a maiden JORC resource at Curley's. The drilling program is set to commence imminently. The results highlight the presence of high-grade gold intervals at shallow depths. The company is prioritizing close-spaced drilling to delineate the mineralised zone. The announcement provides detailed assay results and outlines the next phase of exploration.
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