Gold Bulletin

Monday, June 15, 2026

Gold Market Context: Macro Drivers

Key macro instruments that drive gold price movements: dollar, yields, risk appetite

Market Commentary

Today's Interesting Company News

Goldgroup Closes Purchase of the San Francisco Gold Mine Acquiring 100% of Molimentales Del Noroeste, S.A. De C.V.

(TSXV:GGA) Goldgroup Mining Inc. has completed its acquisition of all issued and outstanding Series "A" and Series "B" shares of Molimentales del Noroeste, S.A. de C.V. through a Concurso Mercantil process. The San Francisco Project, the primary asset acquired, has current Measured and Indicated resources of 1.226 million ounces of gold and an additional 178,000 ounces in the Inferred category as published in a NI 43-101 Technical Report dated May 1, 2026. Goldgroup acquired 60.24% of the debts owed to certain creditors for $8,971,000, of which $496,000 remains to be paid, and agreed to pay $2,566,000 in three equal installments to remaining creditors, $1,150,000 to secured creditors, and approximately $8,900,000 in outstanding fees and expenses. The company will deliver 75 gold ounces per month for 20 months to SA Targeted Investing Corp. and pay a 1% NSR on specified concessions after the gold delivery obligation is complete. Goldgroup has also entered into marketing agreements with Global One Media Group Pte. Ltd for USD $6,500 per month and with Triomphe Holdings Ltd. (Capital Analytica) for $150,000 over six months. The company projects a potential restart of mining operations and gold production at the San Francisco Project in late 2026 or early 2027.

A2Gold Completes Acquisition of District-Scale Taylor Silver-Gold Project in Nevada

(TSXV:AUAU) A2Gold Corp. has completed the acquisition of a 100% interest in the Taylor Silver-Gold Project located in White Pine County, Nevada, from White Pine Precious Metals Inc. As consideration for the acquisition, A2Gold issued 8,662,881 common shares to White Pine and will make deferred cash payments totaling US$1,000,000, consisting of US$250,000 at closing and US$250,000 every three months thereafter. The Taylor Project comprises approximately 117 km² (45 mi²) of mineral claims and hosts a historical mineral resource estimate prepared by SRK Consulting in 2018 outlining approximately 11.0 million ounces of silver in the Measured and Indicated category and 0.6 million ounces of silver in the Inferred category. The historical estimate used a silver price assumption of US$17 per ounce and a cutoff grade of 1.6 oz/t silver, with a price sensitivity analysis suggesting more than 20 million ounces of silver in total at a US$30 per ounce silver price and a 0.9 oz/t cutoff. The project is fully permitted and drill-ready, with A2Gold commencing mobilization of a drill rig to Taylor and expecting the rig to be on site within the next two weeks. The company projects to focus the initial drill program on confirming and expanding known silver mineralization, evaluating gold mineralization, and testing priority gold-antimony targets. White Pine will retain a 2.0% net smelter return royalty on claims without existing royalties, and A2Gold may repurchase 1.0% of the NSR for US$2,000,000 within four years or US$3,000,000 within six years.

AbraSilver Reports 2026 La Coipita Project Drill Results; Best Hole Returns 748 Metres of 0.69% Copper, 0.06 G/t Gold and 142 Ppm Molybdenum

(TSX: ABRA) AbraSilver Resource Corp. announced assay results from the 2026 drill program at the La Coipita copper-gold-molybdenum project in the San Juan Province of Argentina. The 2026 program comprised 5,248 metres of diamond drilling across seven holes, with Hole DDH-LC26-010 returning 747.5 m grading 0.69% Cu, 0.06 g/t Au and 142 ppm Mo from 396 m to 1,143.5 m down-hole depth. Hole DDH-LC26-011 returned 250.6 m at 0.39% Cu, 0.07 g/t Au and 119 ppm Mo, while Hole DDH-LC26-012 intersected 42 m at 1.03% Cu, 0.63 g/t Au and 41 g/t Ag from 264 to 306 m, including 28 m at 1.45% Cu, 0.81 g/t Au and 45 g/t Ag. Since commencing the earn-in program in 2024, Teck has completed a total of 11,270 m of diamond drilling across 19 holes at La Coipita, representing approximately US$23 million in expenditures to date against the total earn-in commitment of US$20 million. The property covers over 70,000 hectares in the western San Juan Province, adjacent to the Chilean border, with elevation ranging between 3,500 and 4,500 MASL. The company projects that, upon completion of Teck's obligations, a Joint Venture (80% Teck, 20% AbraSilver) will be formed. The 2026 program included the first-ever magnetotelluric geophysical survey on the property, providing valuable new insights into the geometry of the mineral system.

Bravada Provides Update on Wind Mountain Gold Project, Nevada

(TSXV:BVA) Bravada Gold Corporation provided an update on engineering activities currently underway at its wholly owned Wind Mountain Gold Project in Nevada. The Company has advanced key engineering activities designed to move Wind Mountain toward a Pre-Feasibility Study ("PFS") and has engaged RESPEC Company LLC, Woods Process Services, Confluence Water Resources LLC, and OAR, LLC for various technical and advisory roles. The Company plans to issue an updated Preliminary Economic Assessment ("PEA") in Q3 2026, which will incorporate the October 2025 updated resource, mineralized material from waste dumps generated during AMEX mining operations from 1989 to 1999, updated metallurgical modelling, revised capital and operating cost estimates, and current commodity price estimates. The updated PEA is intended to support advancement of the Project through the regulatory process and to take advantage of the positive current Federal and State regulatory environment in Nevada. The 2022 Preliminary Economic Assessment for Wind Mountain indicated compelling project economics, supporting continued work to advance the project through the next stages of development. Bravada maintains significant exploration upside across its Nevada-based property portfolio, including the potential for new discoveries. The project is the Company's primary development focus and is being evaluated for a potential return to production.

Mexican Gold Announces Subscription Receipt Financing and Loan to Alcon Silver in Connection With Arrangement

(TSXV:MEX) Mexican Gold Mining Corp. announced a non-brokered private placement of up to 11,250,000 subscription receipts at a price of $0.20 per Subscription Receipt, for aggregate gross proceeds of up to $2,250,000. The company entered into an arrangement agreement dated April 8, 2026, with Alcon Silver Corp., under which Mexican Gold will acquire all issued and outstanding common shares of Alcon at an exchange ratio of 1.0 post-Consolidation Mexican Gold common share for each Alcon Share. Mexican Gold will complete a consolidation of its outstanding common shares on a 1.6667-to-1 basis and change its corporate name to Platauro Metals Corp. The Supreme Court of British Columbia has granted an interim order authorizing a meeting of Alcon shareholders to approve the Arrangement, scheduled for July 3, 2026. Mexican Gold and Alcon have entered into an interim loan agreement dated June 12, 2026, for an unsecured, non-interest bearing loan in the principal amount of $250,000. As of the date of the Arrangement Agreement, Mexican Gold had 41,216,639 common shares outstanding (pre-Consolidation), and upon completion of the Arrangement, Consolidation, and Offering (assuming the maximum Offering), the company expects to have approximately 76,434,426 common shares outstanding (post-Consolidation). The company projects that the net Subscription Proceeds will be used for exploration of the Princesa project, exploration of the Rowdy claim at Tatatila, legal fees associated with the Las Minas claims dispute, and for general corporate and working capital purposes.

Great Southern Mining Commences Major Drilling Program to Advance Laverton Gold Discoveries

(ASX:GSN) Great Southern Mining is set to commence a major drilling program across its Duketon and Mon Ami gold projects in the Laverton region of Western Australia. The first phase will comprise up to 20,000 metres of reverse circulation drilling targeting growth at the emerging Golden Boulder and Amy Clarke discoveries, as well as extensions to the known Mon Ami deposit. The campaign will be the largest program it has undertaken since acquiring the Duketon project tenure in 2021. The Mon Ami work will target extensions to an existing JORC mineral resource of 1.56 million tonnes at 1.11g/t gold for 55,500 ounces. Great Southern is fully funded for the planned drilling after settling the final tranche of a $4.6 million equity placement in early June. Previous drilling at Golden Boulder outlined mineralisation over 3.5km of strike, and Amy Clarke delineated gold mineralisation over 4.7km of strike. The company states that the upcoming major drill program is aimed at unlocking value by extending mineralisation in proven gold-bearing systems.

Dreadnought Resources Identifies New Gold-Bearing Trends in Maiden Air Core Drilling at Illaara

(ASX:DRE) Dreadnought Resources has identified three distinct gold-bearing trends, each exceeding two kilometres in strike, in the first 92 wide-spaced air core holes of a 35,000-metre drilling campaign at its Illaara project in Western Australia. The campaign comprises a total of 500 aircore holes spaced up to 200m apart along lines that are 400m apart. On the central anomaly, best intercepts included 30m at 0.2 grams per tonne gold from 90m, which is 800m along strike from a previous intercept of 18m at 0.2g/t from 114m. In 2020, Dreadnought drilled a single fenceline of three reverse circulation holes at CRA Homestead to test a magnetic anomaly coincident with gold-in-soil anomalism. The current campaign is designed to follow the prospective shear horizon with broad-spaced 400m x 100m drilling. The company has planned a follow-up program across all three trends later this month with drill spacing reduced to between 25m and 50m. Results from the company’s first-pass drilling at the Black Oak target are also expected sometime this month.

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