Gold Bulletin

Monday, May 18, 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

Streamex Corp. Announces April 2026 Yield Dividend Distribution for GLDY

Streamex Corp. (NASDAQ: STEX), a technology company focused on the tokenization of commodity real-world assets, announced the distribution of the second yield payment for GLDY, its gold-backed, yield-bearing tokenized security. The distribution covers the period from April 1st through April 30th, 2026. GLDY's yield is generated through Streamex's institutional gold leasing program, with proceeds distributed to GLDY holders monthly in the form of additional GLDY tokens. For April, 8.267485 GLDY (8.267485 oz's gold) was distributed, resulting in a distribution of 0.002677 GLDY per token. The annualized lease yield for gold on lease is currently 3.5%. This marks the first full month of distributions reflecting near fully-deployed gold reserves on leases.

Greenwood Research Note

Great Southern Copper plc (LSE: GSCU), a company focused on copper-gold-silver exploration in Chile, has announced that Greenwood Capital Partners has published a research note on the Company. The research note, titled "Lighting the touch paper", was commissioned by Great Southern Copper and is available online. The Company is focused on the discovery of copper-gold-silver deposits in Chile and has the option to acquire mining rights to 100% of the Especularita project in the under-explored coastal belt of Chile. The Especularita Project is located in a region that hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and has excellent access to infrastructure. Great Southern Copper is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au as well as high-grade Cu-Ag-Au deposits. The Company is strategically positioned to support the global market for copper, a critical battery metal in the clean energy transition. Further information is available on the Company's website.

Results from 2 Drill Holes at Clontibret

Conroy Gold and Natural Resources plc (AIM:CGNR) announced assay results from two drill holes (CGC-25-002 and CGC-25-003, totalling 566.7m) at its Clontibret gold deposit in Ireland. Both holes identified a significant alteration zone interpreted as Buddingtonite alteration, which may indicate proximity to a concealed hydrothermal gold system at depth. Notable gold intersections include 3.5 metres at 4.8 g/t Au (including 0.5 metres at 11.2 g/t Au and 1.0 metre at 16.7 g/t Au). CGC-25-002 intersected 17 separate gold-bearing zones, while CGC-25-003 intersected six further gold-bearing zones. The Clontibret target area contains a currently defined JORC (2012) 517Koz gold resource at 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)), which remains open in multiple directions.

PolarX Confirms Potential for Major Copper-Gold System at Alaska Range Project

PolarX (ASX: PXX) has confirmed the potential for a major copper-gold system at its Alaska Range project, based on outstanding geophysics and surface sampling results. A 3D magnetic inversion has identified a large 3.5 kilometre anomaly extending from the Zackly magnetite skarn deposit towards the Gemini target. High-grade assays from rock chip samples at Jupiter, Mars, and other prospects returned results up to 27.3% copper and 18.883g/t gold. The company plans further geophysical surveys and mapping to refine drill targets. These findings highlight the emerging potential for a significant district-scale intrusion-related mineral system.

Verity Resources Targeting More Ounces with New Drilling at Monument Gold Project

Verity Resources (ASX: VRL) has commenced a 56-hole, approximately 2,800-metre aircore (AC) drilling campaign at its Monument gold project in Western Australia. The program targets a 9km banded iron formation (BIF) corridor to grow ounces beyond the current 138,000 ounce global mineral resource at the Korong and Waihi deposits. Drilling will test five priority targets, including Perseverance, A1, A4, Korong Syenite, and Cooper Well. Previous drilling and sampling have returned notable gold grades, such as 21.5 grams per tonne gold and 4,920 parts per billion gold. The campaign is designed to progress towards mining and discovering more ounces.

Red Mountain Gains Regulator Approval for New Drilling Campaign at Oaky Creek

Red Mountain Mining (ASX: RMX) has received approval from the New South Wales mining regulator to commence a reverse circulation drilling program at the Oaky Creek prospect within its Armidale antimony-gold project. The program will include up to 32 holes, each reaching depths of 100-300 metres, and is expected to start by mid-year. The drilling aims to test antimony-gold targets identified from surface rock chip, conventional soil, and auger soil sampling conducted over the past 12 months. An induced polarisation (IP) survey was recently completed to guide deeper mineralisation testing. Oaky Creek is the most advanced prospect within the Armidale project, located in the Southern New England Orogen, west of Hillgrove.

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