Key macro instruments that drive gold price movements: dollar, yields, risk appetite
High gold prices send some vintage jewelry to the melting furnace
Gold prices have surged to around $4,200 an ounce, nearly doubling since 2024, prompting many owners of vintage jewelry and watches to opt for melting them down rather than selling them as-is. This trend reflects a broader sentiment among investors who recognize the increasing value of precious metals, as evidenced by the 4-6 percent rise in the prices of certain gold watches over the past year. The decision to melt down items often stems from the complexities involved in selling vintage pieces, including authentication and the effort required to navigate the resale market. As the intrinsic value of the gold content in these items surpasses their resale worth, we see a shift in behavior that could further tighten available supply in the market. This dynamic is significant, as reduced supply coupled with sustained demand can exert upward pressure on gold prices. Additionally, the melting of sentimental items indicates a pragmatic approach to capitalizing on high prices, which may lead to increased liquidity in the gold market. Investors should note that this trend could signal a broader acceptance of gold as a liquid asset, especially in times of economic uncertainty. Central bank demand remains robust, and geopolitical tensions continue to support gold as a safe haven. As these factors converge, we anticipate that gold will remain a focal point for investors seeking stability and value preservation in their portfolios.
7h ago
UBS revamps gold price target for the rest of 2026
Gold closed below its 200-day moving average on June 11 for the first time since October 2023, indicating a potential shift in market sentiment. This breach of a key technical level suggests that bullish momentum may be waning, especially as gold has historically held above this threshold during significant geopolitical tensions, such as the Iran war. The muted reaction of gold prices to escalating geopolitical risks raises questions about the metal's safe-haven appeal in the current environment. Investors should note that this lack of response could signal a broader market shift, where traditional drivers of gold demand, such as fear and uncertainty, may not be as potent as they once were. Additionally, UBS's decision to revamp its gold price target for the remainder of 2026 reflects a recalibration of expectations in light of these developments. As central banks continue to navigate inflationary pressures and interest rate policies, the interplay between yields and gold will remain critical. Rising yields typically exert downward pressure on gold, as they increase the opportunity cost of holding non-yielding assets. Furthermore, the strength of the dollar will also play a pivotal role, as a stronger dollar can diminish gold's attractiveness to international buyers. Overall, the current landscape suggests that gold may face headwinds in the near term, particularly if geopolitical tensions do not escalate further and if macroeconomic conditions stabilize. Investors should remain vigilant and consider these factors when assessing their gold exposure moving forward.
16h ago
Kiplinger Trade Outlook: Trade Deficit Widens as Surging Imports Outpace Petroleum and Gold Export Gains
The widening trade deficit indicates that surging imports are outpacing gains in exports, including gold. This dynamic suggests a stronger demand for foreign goods, which could put upward pressure on the U.S. dollar as trade balances shift. A stronger dollar typically exerts downward pressure on gold prices, making it more expensive for foreign buyers. Additionally, the increase in imports may reflect a robust domestic economy, which could lead to higher interest rates as the Federal Reserve responds to inflationary pressures. Rising interest rates generally diminish gold's appeal as a non-yielding asset, further complicating its price trajectory. However, the fact that gold exports are still gaining suggests persistent global demand for the metal, which could provide some support against the backdrop of a stronger dollar. Investors should also consider that geopolitical tensions and inflation concerns can create safe-haven demand for gold, potentially offsetting some of the negative impacts from a widening trade deficit. Overall, while the trade deficit presents challenges for gold, the interplay of dollar strength, interest rates, and ongoing global demand will be critical in determining its price direction. As we navigate these factors, we must remain vigilant about how they collectively influence market sentiment towards gold.
18h ago
Wall Street’s $6,000 gold call rests on data most investors never see
Gold prices are poised for significant upward momentum, driven by substantial central bank demand that remains largely underappreciated by the broader market. Official IMF data indicates a modest 16 tons of net purchases in Q1 2026, but the World Gold Council's estimate of 244 tons reveals a staggering discrepancy that underscores the true strength of demand. This gap suggests that central banks are accumulating gold at a much faster rate than what is publicly acknowledged, which could lead to a tightening supply in the market. As central banks continue to diversify their reserves away from traditional currencies, the implications for gold are bullish. Additionally, the ongoing geopolitical tensions and inflationary pressures further bolster gold's appeal as a safe-haven asset. Investors should note that such strong institutional buying can create upward price pressure, particularly if retail interest follows suit. With Wall Street's $6,000 gold forecast reflecting this hidden demand, we may be on the cusp of a significant price rally. The market's current underestimation of central bank activity could lead to a sharp correction in sentiment as more investors become aware of these dynamics. As we navigate through these economic uncertainties, gold's role as a hedge against inflation and currency devaluation remains paramount.
19h ago
Gold Pulls Back as Inflation Pressure Reprices the Fed Path
Gold pulled back this week as inflationary pressures prompted a reassessment of the Federal Reserve's monetary policy trajectory. Rising inflation expectations have led to increased speculation about potential interest rate hikes, which typically exert downward pressure on gold prices. As yields on government bonds rise, the opportunity cost of holding non-yielding assets like gold becomes more pronounced, further contributing to the recent decline in gold values. Additionally, a stronger dollar has made gold more expensive for foreign buyers, dampening demand in international markets. Central bank policies remain a critical factor, as any shift towards tighter monetary conditions could lead to reduced gold purchases by these institutions. ETF flows have also shown signs of weakness, indicating that investor sentiment may be shifting away from gold as a safe haven. Geopolitical tensions, while still relevant, have taken a backseat to economic data that suggests a more hawkish Fed stance. Investors should closely monitor upcoming inflation reports and Fed communications, as these will likely dictate the short-term direction of gold prices. Overall, the interplay between inflation, interest rates, and currency strength will be pivotal in shaping the gold market in the near term.
19h ago
SSR Mining Pullback Tests Gold Rate Sensitivity And Long Term Thesis
Gold prices are currently under pressure as strong U.S. employment data has heightened expectations for further Federal Reserve interest rate hikes. This environment of rising rates typically diminishes the appeal of non-yielding assets like gold, leading to a decline in prices. The recent pullback in gold and silver prices reflects this sensitivity to interest rate movements, which is critical for investors to consider. As the Fed signals a more hawkish stance, we can expect continued volatility in the gold market, particularly as central bank policies evolve. Additionally, the performance of mining stocks, such as SSR Mining, illustrates the broader impact of these macroeconomic factors, with the stock experiencing a significant decline over the past month. Despite being up year-to-date, the recent downturn highlights the fragility of gold-related equities in a rising rate environment. Investors should also be mindful of the dollar's strength, which often inversely correlates with gold prices, further complicating the outlook. Inflation concerns remain a backdrop, but they are currently overshadowed by the immediate impact of interest rate expectations. Overall, the interplay between rates, the dollar, and inflation will be crucial in determining gold's trajectory in the near term.
19h ago
Update: Gold Rises Off a Seven-Month Low on Hopes a U.S.-Iran Peace Deal is Near
Gold rose sharply midafternoon on Friday, recovering from a seven-month low as optimism surrounding a potential U.S.-Iran peace deal gained traction. This uptick in gold prices reflects the market's sensitivity to geopolitical developments, which often drive safe-haven demand. As tensions ease, investors may shift their focus away from gold, but the underlying factors influencing gold remain significant. The current environment of uncertainty, particularly in the Middle East, can lead to increased volatility in financial markets, which typically supports gold as a hedge. Additionally, any signs of a resolution in geopolitical conflicts can lead to fluctuations in the dollar and interest rates, both of which are critical for gold pricing. Investors should remain vigilant about central bank policies, as ongoing demand from these institutions can provide a floor for gold prices. Furthermore, ETF flows will be crucial to monitor; increased buying in gold-backed ETFs could signal renewed investor confidence in gold as a safe haven. As we navigate these developments, the interplay between geopolitical stability and economic indicators will continue to shape the gold market. Overall, while the recent rise is encouraging, we must consider the broader economic landscape and its implications for gold moving forward.
20h ago
Gold & Silver Surge on Iran Peace Deal — Then Pull Back
Gold initially surged on optimism surrounding a potential peace deal with Iran, reflecting heightened geopolitical tensions that often drive safe-haven demand. However, this rally was short-lived as prices pulled back, indicating that market sentiment remains fragile. The more significant factor influencing gold prices is the recent drop in oil, which could signal a potential unwinding of inflationary pressures. As oil prices decline, inflation expectations may also soften, reducing the urgency for aggressive monetary policy from central banks. This dynamic is particularly relevant as we approach the Federal Reserve's upcoming meeting, where new leadership under Kevin Warsh may signal shifts in policy direction. Investors should note that a decrease in inflation could lead to higher real yields, which typically weigh on gold prices. Additionally, any signs of stabilization in geopolitical tensions could further diminish gold's appeal as a safe haven. ETF flows will also be crucial to monitor, as shifts in investor sentiment can quickly alter demand dynamics. Overall, while the initial surge in gold was driven by geopolitical factors, the subsequent pullback underscores the complex interplay between inflation, oil prices, and central bank policy that will continue to shape the gold market.
22h ago
(CSE:EDGM) Edgemont Gold Corp. announced an update regarding its reverse takeover transaction with Laiva Gold Inc., including an additional non-brokered financing round of common shares of Laiva at a price of $1.50 per common share. The Financing is expected to close on or before June 26, 2026, and the previously announced closing date for the Transaction has been revised to June 29, 2026. Upon completion of the Transaction, Edgemont will consolidate its share capital on a 3:1 basis, change its name to Laiva Gold Inc., and change its stock symbol to "SISU". Laiva has filed an appeal with the Supreme Administrative Court in Finland regarding the revocation of environmental permits for the Laiva Mine, and the decision is not yet final and legally binding. The Laiva Mine is an open pit operation in Finland, fully equipped with one of the largest gold plants in Europe with a 6,000 tonnes per day capacity. Laiva may pay certain finders cash fees and finder's warrants in connection with the Financing. Edgemont will provide additional information regarding the Financing, the use of proceeds, and resultant changes to capitalization prior to completion.
(TSX: CTGO) Contango Silver & Gold Inc. celebrated its new listing on TSX, as announced by Rick Van Nieuwenhuyse, Chief Executive Officer, and Shawn Khunkhun, President. The company is described as a North American producer with a high-grade portfolio in Alaska and British Columbia. Contango Silver & Gold has demonstrated a proven track record of execution through the successful Direct Ship Ore (DSO) model at the Manh Choh mine. The company is leveraging this cash flow to advance a robust pipeline including the Lucky Shot, Johnson Tract, and district-scale Kitsault Valley projects. These projects are focused on rapid resource expansion and long-term shareholder value. The announcement was made during a market opening event with Dean McPherson, Head, Business Development, Global Mining, Toronto Stock Exchange. No specific financial figures, production volumes, or grades were disclosed in the announcement.
(TSXV: GR) Great Atlantic Resources Corp. announced that its wholly-owned subsidiary, Golden Promise Mines Inc., has completed the first phase of its 2026 trenching program at the 100% owned Golden Promise Property, central Newfoundland. Three trenches, approximately 60, 70, and 105 meters long, were excavated within the southwest region of the property to test an area of multi-element soil geochemical anomalies, including gold anomalies. Rock samples collected at the trench sites have been submitted for gold and multi-element analysis, with analytical results pending. Soil samples from a 2024 reconnaissance traverse returned anomalous gold values of 44 ppb, 53 ppb, and 83 ppb, and anomalous values for silver (up to 3.9 ppm), copper (up to 121 ppm), molybdenum (up to 44 ppm), antimony (up to 28 ppm), zinc (up to 225 ppm), arsenic (up to 172 ppm), and vanadium (up to 920 ppm). The 2026 trenching program was conducted approximately 5 kilometers northeast of the Linda / Snow White gold bearing quartz vein system. The Golden Promise Property is the largest and most advanced of seven central Newfoundland gold properties owned by Golden Promise Mines. The company projects further advancement of additional targets across the property as part of its ongoing exploration program.
(OTC: EVLI) Everlert, Inc., now operating as American Gold & Copper Inc., announced that it has entered into discussions with the principal owners of the Rimrock Project located in Lander County, Nevada, regarding a potential acquisition of a 100% interest in the project. The Rimrock Project consists of approximately 4,000 acres (1,618 hectares) of unpatented federal mining claims located within Nevada’s Battle Mountain Mining District. Historical exploration work has identified a 17-kilometer corridor of hydrothermal alteration, geochemical anomalies, and exploration targets. The company, through its wholly owned Bolivian operating subsidiary Minerasac SA S.R.L., controls the Ascensión de Guarayos gold, copper and silver project in eastern Bolivia, including substantial mineral concession holdings, related surface rights, established infrastructure, operating permits, and multiple development-stage mineral targets. Following a recently completed reverse merger transaction, the Company’s initial operating focus is the continued technical evaluation and advancement of the Ascensión de Guarayos copper-gold-silver project in eastern Bolivia. The company projects that, should a transaction be completed, it expects to undertake a comprehensive technical review and exploration evaluation program designed to further assess priority targets and historical exploration results. No definitive agreement has been executed, and there can be no assurance that a transaction will be completed.
(TSXV: TIG) Triumph Gold Corp. announced the closing of its previously announced non-brokered private placement, raising gross proceeds of $5,410,000 through the issuance of 10,820,000 units at a price of $0.50 per Unit. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $0.55 per share for a period of three years from the closing date. The company paid aggregate cash finder's fees of $275,450 and issued 550,900 non-transferable finder's warrants, each exercisable at $0.55 per share until June 12, 2029. A director of the company participated in the offering by acquiring 500,000 Units for a total consideration of $250,000. All securities issued or issuable in connection with the offering are subject to a four-month hold period expiring on October 13, 2026. The net proceeds of the offering will be used for general working capital. The offering remains subject to the final acceptance of the TSX Venture Exchange.
(TSX:SVM) Silvercorp Metals Inc. reported the results of an updated Technical Report titled "NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn-Au Property in Henan Province, People's Republic of China" with a Mineral Reserve and Mineral Resource effective date of December 31, 2025. The Ying 2026 Technical Report covers seven underground mines and the KP underground mine start-up in the Ying Mining District, with approximately 106 million ounces (Moz) of silver plus lead, zinc, and gold projected to be mined in the currently planned 17-year life of mine (LOM). Estimated Measured and Indicated Mineral Resources are 42.18 million tonnes grading 146 grams per tonne (g/t) Ag, 0.17 g/t Au, 2.24% Pb, and 0.67% Zn, containing 198 Moz Ag, 231 koz Au, 944 kt Pb, and 284 kt Zn. Estimated Proven and Probable Mineral Reserves are 19 million tonnes grading 174 g/t Ag, 0.17 g/t Au, 2.47% Pb, 0.80% Zn, and 0.04% Cu, containing 106 Moz Ag, 107 koz Au, 472 kt Pb, 150 kt Zn, and 6.7 kt Cu. Pre-tax and post-tax NPVs of $1,275M and $1,030M, respectively, are projected using a 5% discount rate and long-term metal prices of $28/oz Ag, $2,800/oz Au, $0.90/lb Pb, $1.20/lb Zn, and $4.40/lb Cu. Annual ore production in the LOM plan is projected to rise from about 1.2 Mt in FY2026 to over 1.6 Mt in FY2029, with that level maintained through FY2031. The company projects significant potential to extend the LOM beyond 2042 via further exploration and development, particularly in areas with identified Inferred Resources.
(TSXV: RBZ) Arya Resources announced final results from its Phase 2 winter 2026 drill program at the Wedge Lake Project, with every drill hole in the Phase 2 program successfully intersecting gold and silver mineralization. Drill hole AR26-15 returned 4.85 g/t Au over 10.70 m, including 18.99 g/t Au over 2.0 m, and drill hole AR26-11 returned 3.91 g/t Au over 5.00 m, including 5.92 g/t Au over 3.00 m and 2.05 g/t over 10.00 m, including 4.77 g/t Au over 3.00 m. The winter drill program also resulted in the discovery of the Triplet Zone, located approximately 1,000 m to the west of the Twin Zone, with drill hole AR26-16 returning 6.05 g/t Au over 10.85 m, including 15.47 g/t Au over 2.70 m. Widespread moderate-grade silver mineralization was encountered, with scandium grades of up to 64.12 ppm Sc and silver up to 18.4 g/t Ag. The 2026 winter drill program at the Twin Zone comprised 805 metres across five drill holes, and the total metres drilled in the program was 1,041 m. The company is fully funded and currently planning its follow-up Phase 3 drill program, which will focus on expanding the footprint of mineralization at the Twin and Triplet Zones and testing additional historic gold occurrences.
(TSX:STGO) Steppe Gold Ltd. has entered into a settlement agreement with Triple Flag Precious Metals Corp. that fully resolves all outstanding litigation, arbitration proceedings and disputes relating to the Company's stream agreement and gold prepay agreement. The agreement establishes a revised long-term streaming framework and satisfies all outstanding delivery obligations under those arrangements. Steppe Gold has delivered all outstanding gold and silver obligations under the existing arrangements, including full satisfaction of the gold prepay agreement and all arrears under the stream agreement. Under the amended agreement, Steppe Gold will make fixed gold deliveries totaling 34,770 ounces of gold through 2036. After 2036, the stream converts to a 1.5% interest in gold production from the ATO mine, subject to a quarterly cap of 500 ounces. The amended obligations remain secured by the ATO mine and supported by guarantees from Steppe Gold and Boroo Gold LLC. The company projects anticipated benefits of the settlement agreement, anticipated growth in production, and the advancement, timing and completion of the Phase 2 Expansion of the ATO Project.
(TSXV:JG) Japan Gold Corp. announced a non-brokered private placement of unsecured convertible debentures for gross proceeds of US$1,000,000 (CDN$1,393,000) to Equinox Partners Investment Management, LLC. The Debenture will mature three years from the date of issuance and will bear interest at a rate of 10% per annum (non-compounded), accruing daily but payable in cash only at maturity, on default, or upon early redemption. The Company will have the right to make an early redemption in cash or to satisfy its obligation to pay cash through the delivery of common shares at a price per share which equals the greater of the most recent Market Price on the TSX Venture Exchange, $0.11, or a price per security or conversion price of debt securities in a Future Financing Event. A Future Financing Event is defined as an issuance or sale of securities by the Company resulting in gross offering proceeds of not less than CDN. $2,000,000 during the twelve month period immediately following the closing date of the Offering. As of the Closing Date, Equinox holds 90,133,518 shares, representing approximately 29.32% of the then issued and outstanding common shares of the Company. The net proceeds from the Offering will be used for general working capital purposes. The Offering and conversion of the Debenture into Shares is subject to final approval by the TSX Venture Exchange.
(TSXV: BGD) Bullion Gold Resources Corp. announced that it will complete a name change from "Bullion Gold Resources Corp." to "Bullion Gold Discoveries Corp." reflecting the Company's focus on discovery-driven mineral exploration and the advancement of its portfolio of underexplored projects in Québec. The common shares of the Company are expected to commence trading on the TSX Venture Exchange at the open of market on June 16, 2026 under the same stock symbol "BGD". The Company's new CUSIP number will be 119933109 and the new ISIN number will be CA1199331093. The share capital of the Company remains unchanged and there will be no consolidation of capital associated with the Name Change. The Company holds a 100% interest in the Terragold (Au), Langlade (Cu, Zn, Au, Ag), and Bodo (Cu, Zn, Au, Ag) projects. The Bousquet (Au) project is under option to Olympio Metals (ASX: OLY). A new corporate website is currently under construction and is expected to be launched in the coming weeks.
(TSXV: TIG) Triumph Gold Corp. announced a non-brokered private placement of up to 10,820,000 units at a price of $0.50 per Unit for gross proceeds of up to $5,410,000. Each Unit consists 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 $0.55 per share for a period of three years from the closing date of the Offering. The net proceeds of the Offering will be used for general working capital. Closing of the Offering is subject to the approval of the TSX Venture Exchange. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
(TSXV: RBZ) Arya Resources announced final results from its Phase 2 winter 2026 drill program at the Wedge Lake Project, with every drill hole in the Phase 2 program successfully intersecting gold and silver mineralization. Drill hole AR26-15 returned 4.85 g/t Au over 10.70 m, including 18.99 g/t Au over 2.0 m, and drill hole AR26-16 returned 6.05 g/t Au over 10.85 m, including 15.47 g/t Au over 2.70 m from the Triplet Zone. The winter drill program consisted of 805 metres across five drill holes at the Twin Zone, and a 25-metre step-out hole at the T-6 Zone led to the discovery of the Triplet Zone, located approximately 1,000 m to the west of the Twin Zone. Widespread moderate-grade silver mineralization was encountered, with scandium grades of up to 64.12 ppm Sc and silver up to 18.4 g/t Ag. The company is fully funded and currently planning its follow-up Phase 3 drill program, which will focus on expanding the footprint of mineralization at the Twin and Triplet Zones and testing additional historic gold occurrences. The combined 2025/2026 drilling has tracked the iron formation across 138 vertical metres and covered roughly 381 metres of strike length at the Twin Zone. Arya Resources maintains tight core-sample security and QA/QC protocols, with all samples analyzed at SRC Geoanalytical Laboratories in Saskatoon, SK.
(TSXV:AUEN) Golden Sky Minerals Corp. announced it has received formal notification from the Government of Yukon's Land Management Branch regarding Newmont's land application (#2024-2200) for borrow pit sites along the Northern Access Route (NAR). The application overlaps five Golden Sky quartz claims (YE78662, YF06681, YF06641, YF06642, YF06644) which are part of Golden Sky Mineral's 150 km² Lucky Strike Property in the Yukon's White Gold District. The NAR supports the construction of an all-season road from Dawson City to the Coffee Gold Project, which is directly tied into a corridor that includes Newmont's 3.8 Moz (3.0 Moz Au M&I and 0.8 Moz Inferred) Coffee Gold Project, recently acquired by Fuerte Metals Corp. (now Talamore Mining), and White Gold Corp.'s portfolio. Golden Sky's portfolio includes the flagship Rayfield-Gjoll Copper-Gold Project in British Columbia, subject to a C$20 million earn-in and joint venture with Boliden AB, as well as the Hotspot and Lucky Strike gold projects in Yukon and the Auden Gold Project in Ontario's Timmins camp. All core assets are 100% owned by the Company with no underlying royalties. The company submitted formal comments to the Land Management Branch before the May 29, 2026, deadline, supporting the infrastructure development and requesting coordination with the road construction contractor, Cobalt Construction Inc., to minimize disruptions to exploration activities. The company projects that the Northern Access Route will transform exploration economics at Lucky Strike by enabling road access to a currently helicopter-supported project.
(TSXV: DRY) Dryden Gold Corp. announced a fully funded 2026 exploration program of $17.5 million and 45,000 metres of drilling across Gold Rock and its regional targets. The company has tripled the strike length at Gold Rock and is deploying a second drill rig. Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario. The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic deformation zone. The company has a market cap of CA$70.3 million, with 219.54 million shares outstanding. Management and Insiders own 5.40% of company shares, Strategic Investors own 52.53%, and Retail owns 42.08%. The company's 52-week range is CA$0.145-CA$0.48.
(TSXV: DOS) Dios Exploration reports that diamond drilling was completed in May on Dios wholly-owned AU33 property, totalling 2,024 metres in 10 NQ holes. Of these, 9 holes targeted Heberto Gold extents for a total of 1,772 m, while 1 exploratory hole was drilled 7 km NE in the WTS south-east area for 252 m. Core logging was completed on site within mobile core facilities, and core boxes were sent to Laurentia Exploration Jonquiere Office for saw splitting (1,800 m). Half samples have already been shipped to Actlab for gold-silver assaying, with analytical results to be reported in batches as they come. Several mineralized silicified altered potassic shear zones, resembling Heberto Gold mineralization, were hit in most holes, often with pyrite and sometimes magnetite and quartz-biotite veins. Drilling aimed at extending known gold structures from Dios' Heberto historical gold drilling (see 2015-2017, October 23, 2024 releases). The company projects that assay results will be reported in batches as they come.
(TSXV: JAY) Blue Jay Gold Corp. announced the commencement of diamond drilling on the Company’s 100% owned Steller Gold Project in the Yukon Territory, marking the start of its fully funded 2026 exploration season. The 2026 program is supported by a $14.7 million brokered private placement that closed in April 2026. Up to 16,000 metres of diamond drilling is planned across the property, with a second drill rig being mobilized to site. Prior drilling on the Raca zone returned results including hole RACA 21-03: 3.23 m grading 581 g/t silver and 0.76 g/t gold, and 2.65 m grading 489 g/t silver and 0.27 g/t gold. The program includes re-logging over 120,000 metres of historical drill core and integrating new regional geophysical survey data. Blue Jay expects to generate a sustained pipeline of news flow as both rigs turn through the remainder of the field season projected to continue into October. The company projects that the integration of new and existing data will foster improved delineation of property-wide structural conduits and provide a springboard for defining future drill targets in 2026 and beyond.
(TSXV:WRR) Walker River Resources Corp. announced the commencement of its 2026 reverse circulation ("RC") drill program at the Lapon Canyon Gold Project, located within Nevada's prolific Walker Lane Gold Trend, approximately 60 kilometres southeast of Yerington, Nevada. The 2026 drill program includes an initial 10,000 metres of RC drilling, with the potential to expand the program, subject to drilling progress, permitting, and access conditions. The Company recently completed a property-wide airborne magnetic and radiometric survey covering the Lapon Canyon Project, as previously announced on May 27, 2026. The Lapon Gold Project consists of 147 unpatented mining claims totaling approximately 2,940 acres, with the Lapon Canyon portion consisting of 96 claims. The Lapon Canyon portion is subject to a US$5 million exploration stream earn-in agreement with Nevada Canyon Gold Corp., as announced on February 3, 2025. The Project comprises the Lapon Canyon claim block, the Pikes Peak claims located approximately 4 kilometres to the north, and the Rattlesnake and Range Front claims located approximately 3 kilometres to the west and at approximately 600 metres lower elevation relative to current drilling at Lapon Canyon. The company projects the completion of an initial NI 43-101 compliant mineral resource on the Project in 2026.
(CSE: PSIL) Pacifica Silver Corp. announced assay results from an additional 28 holes from its ongoing Phase II 20,000-metre diamond drilling program at the 100% owned Claudia Silver-Gold Project in Durango State, Mexico. The Phase II program commenced in mid-January 2026 and is now expected to be completed in the third quarter of 2026, with 12,750 metres drilled in 54 holes as of June 10. Multiple holes returned strong gold-silver intercepts, including 2.85 m @ 2.30 g/t Au & 207 g/t Ag (405 g/t AgEq) from 167.75 m in hole 26CLAU095D, and 8.90 m @ 0.94 g/t Au & 101 g/t Ag (182 g/t AgEq) from 170.05 m in hole 26CLAU107D. The high-grade Justina vein discovery has been extended over 600 metres of strike length, with intercepts such as 0.45 m @ 5.20 g/t Au & 470 g/t Ag (917 g/t AgEq) from 145.65 m in hole 26CLAU101D. The company has also completed a 31.6 line-kilometre induced polarization (IP) and resistivity (RES) survey over the central portion of the property, identifying a significant high-chargeability anomaly. The company projects that the Phase II program will be completed in the third quarter of 2026 and that follow-up drilling will aim to better define the controls on higher-grade precious metals within the mineralized corridor.
(CSE: NRED) NovaRed Mining Inc. announced recent reported results relating to the Wilmac Copper-Gold Project, which comprises 16,078 hectares of mineral tenures located within the Quesnel porphyry belt in the Similkameen Mining Division of British Columbia. The Project is situated approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine, which hosts Proven and Probable Mineral Reserves of 345 million tonnes grading 0.26% copper and 0.12 g/t gold. Analytical results from multiple soil sampling programs across the Property document anomalous to highly anomalous copper results, with the best mineralisation identified to date from the Wilmac MINFILE area in 2023, where copper results ranged from a lower cut-off of 200 ppm to two values in excess of 1% (1.235% and 1.670%), and the average of nine samples was 6,390 ppm, or 0.639%, copper. A limited drill program completed in 2014 on the Trojan-Condor Corridor claims included four drill holes totalling approximately 728 metres, with intervals such as 953 ppm copper across 3.27 metres and a weighted average copper grade of 1,084 ppm over 3.13 metres. The company is advancing a planned 2026 field program on the Wilmac Copper-Gold Project, with the objective of further defining and refining the three priority drill targets identified to date. The company projects the completion of the 2026 geophysical program at the North Lamont target and intends to satisfy the cash payment, share issuance, and exploration expenditure milestones required to exercise the option agreements and earn a 70% interest in the Property.
(TSXV:MEK) Metals Creek Resources Corp. announced that the Company continues to hit visible gold (VG) in all three drill holes at the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Silver, with the Company serving as the operator. Hole TOG-26-77 targeted high-grade gold mineralization associated with the lower portion of the TOG fold structure, and visible gold was observed at 350.36m hosted within a highly silicified felsite. Previous drill campaigns include TOG-22-74A which returned a downhole intercept of 3.66 grams per tonne (g/t) Gold (Au) over 14.66 meters (m), and TOG-11-08 which returned a downhole intercept of 13.07 g/t Au over 2.88m. Highlights of drilling include 210.19 g/t gold over 12.53m from TOG-13-25 and 9.24 g/t gold over 6.61m from Naybob South. Additional mineralization was discovered in drilling one kilometer west of TOG returning an intercept of 5.06 g/t gold over 2.60m, with a follow up hole returning a down hole intercept of 4.96 g/t gold over 3.97m including a second zone of mineralization assaying 1.43 g/t gold over 14.00m. The company projects that assay results will be released as they are received and compiled.
(TSXV: LEGY) Legacy Gold Mines Ltd. reports that, following completion of a key set of core holes at the Main Zone on the Baner Gold Mine Property in Idaho County, Idaho, USA, the Company is advancing core drilling to the undrilled Northwest Zone. The Company's 2026 permits and approvals provide for drilling from 13 new pads across the Baner Property, including pads in key target areas of the Northwest Zone. Under its 2026 40,000-foot exploration plan for the Baner Property, Legacy Gold intends to strategically core drill the first 12,000 feet (3,658 meters) and then use reverse circulation to drill the remaining 28,000 feet (8,536 meters). Drilling in 2025 intersected very wide zones such as new assays of 0.55 g/t Au over 187.5m (615ft), 0.52 g/t Au over 108.2m (355ft), and 0.57 g/t Au over 64.0m (210ft). The initial exploration target at the Baner Property is approximately 50.3 million to 55.3 million tonnes, at average grades ranging from approximately 0.72 g/t Au to 0.91 g/t Au. Initial metallurgical cyanide leach testing gave 87.1%-93.2%. The company projects that further drilling and technical studies may support a future mineral resource estimate.
(TSXV:NFG) New Found Gold Corp. announced that delivery to the Mill is nearing steady-state requirements, with gold reconciling from the block model to the Mill. The company has created 40 new jobs to date, with over 90% of new hires from the province, and a total workforce of 264 comprised of 76 employees and 188 contractors currently working at Hammerdown. Gold production is ramping up, with the project remaining on track for commercial production in H2/26 and an anticipated run rate of 20,000 to 25,000 ounces of gold produced per year at an all-in sustaining cost of approximately US$2,500 per ounce. The Mill has achieved a peak throughput of 1,394 tpd and consistently exceeds the PEA design criteria of 700 tpd, with gold recovery averaging approximately 87% and anticipated to increase to approximately 92% following a circuit conversion. Over 105,000 person-hours have been worked in 2026 with zero Lost Time Incidents and a Total Recordable Incident Frequency Rate of 0. The company projects completion of civil works construction by end of Q3/26, construction of permanent crushing and sorting plants by end of Q4/26, and commissioning of new regrind mills in Q4/26. A total of 20,000 metres of grid-based 5 by 5 m grade control drilling commenced in early Q2/26 and is expected to be completed over a 2-year period, with approximately 7,000 m completed to date.
(CSE:ICG) ICG Silver & Gold Ltd. announced it has advanced permitting activities for its planned Phase 1 Drill Program. The Company has engaged WestLand Engineering & Environmental Services, based in Reno, Nevada, to provide a permitting strategy and general permitting assistance for the upcoming exploration program. The planned Phase 1 Drill Program is expected to include 3,000 meters of drilling focused on multiple shallow, oxidized silver-gold targets across the Tuscarora District. ICG controls 100% of the approximately 10,000-acre land package, on which extensive rock chip sampling, thousands of meters of reverse circulation and core drilling, and tens of kilometers of CSAMT geophysics have been completed. Priority target areas include East Pediment, Grand Prize, Kings Vein, Modoc, and Battle Mountain. The Company will provide further updates as permitting advances, and as preparations continue toward the commencement of the Phase 1 Drill Program. The company projects that the Phase 1 Drill Program is designed to test priority targets that have not been fully evaluated by modern exploration methods and to advance the Company's district-scale model for the Tuscarora District.
(CSE: ERKA) (OTCQB: UREKF) Eureka Metals Corp. announced the engagement of Archer, Cathro & Associates (1981) Limited to support and execute the Company's planned 2026 exploration program at its Cabin Lake Project located in central British Columbia. The 2026 exploration program will focus on systematic target generation and refinement ahead of future geophysical work and drilling, with planned activities including geological mapping, prospecting, rock sampling, property-scale soil geochemistry, and technical compilation. Historical drilling at Cabin Lake returned up to 2,463 ppm silver over 0.6 metres, and historical trench samples exceeded 500 g/t silver. The Cabin Lake Project covers approximately 2,300 hectares in the Omineca Mining Division of central British Columbia and is located approximately 145 kilometres west of Prince George and 22 kilometres southwest of Fraser Lake. The initial field program is expected to mobilize during the summer of 2026, and results are expected to support a broader Phase 2 exploration strategy which may include additional geophysical surveying, expanded surface exploration, and drill targeting. Eureka Metals Corp. holds a 100% interest in the Tyee Titanium Project in Québec and an option to acquire a 100% interest in the Cabin Lake Polymetallic Project in British Columbia. The Company believes the Project remains significantly underexplored and demonstrates strong potential for the identification of additional silver-lead-zinc-gold mineralization through systematic modern exploration.
(TSXV: PEX) Pacific Ridge Exploration Ltd. announced that Labrador Gold Corp. (TSXV: LAB) has outlined its 2026 exploration programs for the Mariposa and Eureka Dome gold projects in the White Gold District, Yukon. LabGold can acquire a 100% interest in both projects by making cash payments totalling $500,000, issuing 6,670,000 shares, and making exploration expenditures totaling $5.4M over a four-year period. Upon the filing of a positive feasibility study, LabGold will make a $1.0M cash payment. LabGold has received a Class 1 permit and plans a multiphase exploration program at Mariposa, including an 808-line km high resolution aeromagnetic survey, a detailed LiDAR survey, a grid soil geochemical survey with approximately 4,700 samples, and approximately 1,000 ridge and spur soil samples. At Eureka Dome, LabGold plans a ridge and spur soil sampling program. Significant drill intersections at Skookum include 2.44 g/t gold over 39 metres, and prior workers reported breccia float samples grading to 14 g/t gold and silt samples running to 2,190 ppb gold. The company projects further exploration activities and potential acquisition of 100% interest by LabGold.
(TSXV: NMC) Nuvau Minerals Inc. announced it is advancing its exploration strategy across its 100%-owned Matagami Mining District Project with a focus on resource growth, new target generation, and evaluation of phased development opportunities. The company is expanding its ongoing drill campaign with approximately 17,500 metres of drilling planned across multiple zinc-copper and gold targets. A second drill rig is being commissioned in early July, with plans to source a third rig in the fall. Nuvau controls a 1,380 square kilometre land package and benefits from access to permitted mining infrastructure, including an option on a 3,000 tpd concentrator. The 2026 exploration program includes follow-up drilling at the Daniel (VMS) and Thunderwood (gold) target areas, first drill testing of the Airport and ED-1 geophysical targets, and advancement of the Lotto gold target. The Lotto target includes a sampled interval containing more than 2,000 gold grains per 10 kg. The company projects that assay results from the ongoing campaign will be released as they become available and are validated in accordance with the Company's quality assurance and quality control procedures.
(TSX:USA) Americas Gold and Silver Corporation has closed an agreement with Sprott Mining Inc. to terminate the remaining obligation to deliver 592,000 ounces of silver under the existing Silver Delivery Agreement in exchange for 7,956,696 shares of the Company issued at a deemed price of US$5.57 per share. The Company has also closed an agreement with International Royalty Corporation (IRC) to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June 2026 and December 2027, settling this by delivering 5,000 ounces of gold and issuing 2,652,532 common shares at a deemed price of US$5.86 per share. In December 2024, Americas acquired 100% ownership of the Galena Complex (Idaho) in a transaction with Eric Sprott, former 40% Galena owner, consolidating Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December 2025, Americas acquired the fully permitted, past-producing Crescent Silver Mine (9 miles from Galena) with the world's 3rd highest-grade silver resource. In February 2026, Americas formed a 51/49 joint venture with US Antimony to build a new antimony processing hub at Galena. Americas also owns and operates the Cosalá Operations in Sinaloa, Mexico. The company is fully funded to aggressively grow production at the Galena Complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.
(TSXV:HAY) Hayasa Metals Inc. announced that it has received the preliminary Natural Source Audio Magnetotelluric (AMT) sections from a six-line 53-station NSMAT survey executed at the Urasar copper-gold project in May 2026. This program was the second AMT survey at Urasar, following a trial 3-line survey completed in June 2025. The new survey comprised four lines over the Yellow River zone and two single AMT lines over the Black River zone and Brick House prospect. Drilling at Black River in 2025 returned 24m @ 0.424 g/t Au and 0.18% Cu from hole 16, and 4.1m @ 2.98 g/t Au with 0.25% Cu from 51.9m to 56.0m in UDD-017. Hayasa is in the process of acquiring three new exploration permits, with one near Amasia expected to be awarded before year end and the other two scheduled for public hearings in July. The company plans a follow-up drill program at Urasar of up to 1,000m, with drilling expected to commence before the end of the month. Management estimates the exploration application will be approved before year end 2026.
2d ago(TSXV: CBR) Cabral Gold Inc. announced results from 38 additional reverse circulation ("RC") infill drill holes as part of the pre-production drill-to-measured resource upgrade and production de-risking of the gold-in-oxide ore within the MG starter pit at the Cuiú Cuiú Gold District, Brazil. The stand-out hole, RC737, returned 25m @ 7.47 g/t gold from surface including 10m @ 17.09 g/t gold from 6m depth, with a higher-grade section of 2m @ 69.3 g/t gold. Drilling at MG for this program is now complete, totaling 5,767 meters in 166 holes, with assay results released for 124 holes and pending for the final 42 infill holes. The MG gold deposit is one of two main gold deposits comprising the Indicated and Inferred resource base at Cuiú Cuiú, with NI 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. Inferred resources include 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The Phase 1 gold-in-oxide mining operation is due to commence production in Q4 2026. The company expects to enter commercial gold production in Q4 2026.
2d ago(TSX:GOLD) GoldMining Inc. announced the results of a preliminary economic assessment (PEA) for its São Jorge Project in Pará State, Brazil, with an after-tax net present value at a 5% discount rate (NPV 5%) of $532 million and an after-tax internal rate of return (IRR) of 42.4% using a base case gold price of $3,500 per ounce and an initial payback of 2.8 years. At spot gold prices of $4,400/oz, the after-tax NPV 5% increases to $836.8 million, with an IRR of 58.6% and a payback of 2.4 years. The initial capital expenditure is estimated at $202 million (including a 25% contingency), with sustaining capital expenditure of $53 million and closure costs of $12 million, totaling $267.2 million. The PEA contemplates average annual gold production of 51,250 oz over a 10.6-year mine life, with peak production of 57,200 oz per year in years 2 through 4, and an average life of mine All-In Sustaining Cost (AISC) of $1,464/oz. The project will use a conventional open-pit truck-and-shovel operation and a processing rate of 5,500 tonnes per day, achieving 90% gold recovery. The company plans to expeditiously commence pre-feasibility studies and move forward with permitting towards a construction decision. GoldMining Inc. holds approximately $183 million in cash and publicly traded securities to support project advancement.
2d ago(NYSE: KGC) London BTC Company Limited has staked 18 mineral claims at the Amonett-Frank Gold-Silver Project in Pershing County, Nevada, USA, through its wholly-owned US subsidiary Tethered Gold LLC. The project covers 371.88 acres (1.5km2) and is located approximately 31 miles (50 km) south of Winnemucca and 50 miles (80 km) south of the Company's Huntington-Whitman project. Initial due diligence rock chip samples collected in 2026 returned high-grade results, including 52.66 g/t Au and 88.3 g/t Ag (BTCRK26), 15.73 g/t Au and 49.3 g/t Ag (BTCRK18), 1.74 g/t Au and 11.2 g/t Ag (BTCRK19), and 0.69 g/t Au and 23.2 g/t Ag (BTCRK34). The project sits 2.6 miles (4.2 km) from the Goldbanks gold resource, which has an endowment of 2.56 Moz Au and 7.47 Moz Ag (Stone, 2010) (Kinross U.S., NYSE: KGC). Historical workings at Amonett-Frank include 2 shafts, 2 tunnels, and 7 prospect pits, with mineralisation hosted by hot-spring epithermal veins and breccias. The company reports that additional assays are pending with further results expected shortly. The company projects further project staking in Nevada and Arizona is actively progressing, with the aim of building a portfolio of high-quality gold assets that complements its core Bitcoin treasury and mining operations.
2d ago(AIM: JAN) Jangada Mines plc announced an update on the Paranaíta Gold Project in Brazil, confirming a large-scale hydrothermal gold system with both structurally controlled high-grade vein-hosted and disseminated mineralisation styles. Drilling at the TP2 target identified approximately 1,200 metres of mineralised structure along a NE-trending corridor, with management anticipating an additional +50,000 oz of inferred resource at Paranaíta Project based on these results. High-grade gold intercepts included 1.32 m @ 43.61 g/t Au (DDJG25-05) and 11.20 m @ 0.83 g/t Au (DDJG25-02), and more than 20 artisanal pits have been identified across the project area. The existing inferred resource base is 210,000 oz Au at Paranaíta, and the Molly Gold Project has a resource of 130,000 oz Au. A c.135 line-kilometres high-resolution MagDrone survey and a ground Induced Polarization (IP) survey comprising approximately 22.4 line-kilometres are planned to support further exploration. The company projects further resource growth opportunities and intends to move to a more robust drilling campaign to evaluate additional resource at TP2 and expand confidence at TP1 and TP3.2.
2d ago(CSE:CCC) Carlyle Commodities Corp. announced an update on its proposed transaction to acquire all issued and outstanding shares of Silver Pony Resources Corp. ("SPR") by way of a three-cornered amalgamation in accordance with Section 269 of the Business Corporations Act (British Columbia). SPR has received shareholder approval for the Transaction, and Carlyle has prepared and submitted a draft CSE Form 2A Listing Statement in connection with the Transaction. Carlyle intends to consolidate all of its issued and outstanding common shares on a twenty (20) to one (1) basis. The company has received 312,500 common shares of Roxmore Resources Inc. (TSX: RM), with an aggregate value of $1,250,000, as partial consideration for the sale of the Newton Gold Project. Completion of the Transaction and the Consolidation remain subject to receipt of CSE approval and satisfaction of other customary closing conditions as set out in the amalgamation agreement dated March 30, 2026. The company projects that the Roxmore shares will become freely tradeable in October and may provide a source of non-dilutive capital. Carlyle owns 100% of the Quesnel Gold Project and holds the option to acquire 100% undivided interest in the Nicola East Mining Project, both located in British Columbia.
2d ago(ASX:DES) DeSoto Resources has commenced a major 10,000-metre drilling campaign. The announcement states the campaign is underway, with a total planned drilling of 10,000 metres. No revenue, production volumes, grades, tonnage, financing amounts, or counterparties are disclosed in the source text. No specific dates, percentages, or additional metrics are provided. The company does not state any forward-looking projections or targets in the provided text. No additional facts are disclosed beyond the commencement of the drilling campaign.
2d ago(TSXV: TIGR) Tiger Gold Corp. has closed its commercially reasonable efforts offering of 25,619,351 Special Warrants at a price of $0.82 for gross proceeds of $21,007,867.82, including the partial exercise of the Agents' over-allotment option. The proceeds will be used to accelerate drilling at the Company's Ceibal target at the Quinchía Gold Project and for general working capital purposes. Each Special Warrant will be automatically exercised into units consisting of one common share and one-half of one Common Share purchase warrant, with each whole warrant exercisable at $1.20 for 36 months. The Agents received total cash compensation of $1,098,810.37 and 404,896 compensation special warrants, each exercisable for one compensation option at an exercise price equal to the Issue Price. The Special Warrants and Compensation SWs are subject to a statutory hold period expiring on October 11, 2026. The Company also plans to engage Stockchain Capital LLC for investor relations services for a cash payment of EUR 250,000, subject to TSXV approval. The company projects completion of a maiden Mineral Resource estimate for the Ceibal target near the end of 2026.
3d agoGold Bulletin
Friday, 12 June 2026
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