Gold price insights: What’s next for buyers

GOLD

4,514.00

$/oz

▲ +14.70 (+0.33%)

SILVER

75.41

$/oz

▼ -0.24 (-0.32%)

PLATINUM

1,938.20

$/oz

▲ +16.60 (+0.86%)

PALLADIUM

1,391.00

$/oz

▲ +13.40 (+0.97%)

COPPER

6.66

$/lb

▲ +0.26 (+4.07%)

GOLD MINERS INDEX

747.32

pts

▼ -8.46 (-1.12%)

SPDR GOLD ETF

411.73

$/sh

▼ -2.27 (-0.55%)

SILVER ETF

67.98

$/sh

▼ -1.73 (-2.49%)

Gold Market Context: Macro Drivers

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

DXY

US Dollar Index

99.27 pts

▲ 0.25 (+0.25%)

headwind for gold

Gold inverse — rising dollar pressures gold

US10Y

10-Yr Treasury

4.46 %

▼ 0.03 (-0.58%)

tailwind for gold

Real yield pressure — higher yields weigh on gold

SPX

S&P 500

7,608.59 pts

▲ 89.47 (+1.19%)

headwind for gold

Risk appetite — equity rallies reduce safe-haven demand

BTC

Bitcoin

67,319.28 USD

▼ 6053.24 (-8.25%)

negative for gold

Alt safe haven — moves with gold in risk-off

WTI

Crude Oil (WTI)

93.56 $/bbl

▲ 4.66 (+5.24%)

positive for gold

Inflation proxy — rising oil can lift gold

EURUSD

EUR / USD

1.16

▲ 0.00 (+-0.10%)

positive for gold

Dollar strength gauge — inverse to DXY

▲ Rising DXY or yields typically pressure gold | ▲ Falling yields or geopolitical risk support gold | Live data — fetched at send time

Market Commentary

Gold Surpasses US Treasurys as Top Central Bank Reserve Asset

Gold has now surpassed US Treasurys as the top reserve asset for central banks, accounting for 27% of foreign reserves globally at the end of 2025, up from 20% the previous year. This significant shift underscores a growing preference for gold among central banks, reflecting concerns over currency stability and inflationary pressures. As central banks diversify their reserves away from traditional assets like Treasurys, we can expect increased demand for gold, which typically supports higher prices. The rising allocation to gold indicates a strategic move to hedge against geopolitical uncertainties and potential economic downturns. Investors should note that this trend may further bolster gold's status as a safe-haven asset, particularly in times of market volatility. Additionally, the increasing central bank demand could lead to tighter supply dynamics in the gold market, further enhancing its appeal. With inflationary pressures persisting and the dollar's strength fluctuating, gold's role as a hedge becomes even more pronounced. This shift in reserve asset preference is likely to influence investor sentiment, driving more capital into gold as a reliable store of value. Overall, the growing central bank appetite for gold is a bullish signal for prices, reinforcing its position in the global financial landscape.

Gold Trading Higher Following Reports Peace Negotiations Between Iran and the U.S. Are Continuing

Gold rose as the dollar weakened, driven by reports that Iran is reviewing a fresh U.S. offer in ongoing peace negotiations. This development suggests a potential easing of geopolitical tensions, which typically supports risk appetite and can lead to a decline in safe-haven demand for gold. However, the weakening dollar generally enhances gold's appeal as an alternative asset, making it more attractive to investors holding other currencies. As geopolitical uncertainties persist, gold remains a favored hedge against potential market volatility. Investors should note that any positive outcomes from these negotiations could further diminish gold's safe-haven allure, while continued uncertainty may bolster demand. Additionally, the interplay between inflation expectations and interest rates remains crucial; if rates remain low, gold could benefit from its non-yielding nature. Central bank policies and their impact on inflation will also play a significant role in shaping gold prices moving forward. ETF flows have been relatively stable, indicating sustained interest in gold as a strategic asset. Overall, while the current geopolitical landscape may provide short-term support for gold, the broader macroeconomic environment will ultimately dictate its trajectory.

Copper Vs. Gold & Silver: Which Metal Wins the AI Boom? ETFs at Play

Gold prices are currently under pressure as copper gains traction, driven by robust demand from AI data centers. This shift in investor focus towards copper reflects a broader trend where industrial metals are benefiting from technological advancements, potentially sidelining gold and silver in the short term. As ETFs like COPX attract attention, we see capital flowing into copper, which could further dampen gold's appeal as a safe haven. The bullish long-term supply-demand outlook for copper contrasts with gold's more traditional role, leading to a divergence in market sentiment. Investors should note that while gold remains a critical asset for hedging against inflation and geopolitical risks, its performance may be challenged by the rising allure of industrial metals. Additionally, any significant shifts in central bank policies or interest rates could further influence gold's attractiveness. If yields continue to rise, we may see additional pressure on gold prices as opportunity costs increase. The interplay between these metals highlights the evolving dynamics in the commodities market, where technological demand can reshape traditional investment narratives. As we navigate this landscape, it will be essential to monitor ETF flows and market sentiment closely, as they will be key indicators of gold's relative strength moving forward.

Gold: Inflation is Enemy No. 1

Inflation is re-emerging as a significant threat, driven by a combination of geopolitical tensions and supply chain disruptions. The tariffs imposed during the previous administration have contributed to rising costs, while ongoing conflicts, particularly in Iran, have exacerbated shortages and led to a surge in oil prices. This inflationary environment is likely to weigh heavily on consumer sentiment and purchasing power, which in turn can bolster gold's appeal as a hedge against currency devaluation. As inflation rises, real interest rates tend to decline, making non-yielding assets like gold more attractive. Furthermore, the geopolitical landscape is increasingly unstable, prompting investors to seek safe-haven assets. Central banks may respond to these inflationary pressures by adjusting monetary policy, which could further influence gold prices. We should also consider that ETF flows may reflect investor sentiment towards gold as a protective asset in uncertain times. As inflation continues to be a pressing concern, we anticipate that gold will remain a focal point for investors looking to preserve wealth. Overall, the interplay between inflation, geopolitical risks, and central bank actions will be critical in determining gold's trajectory in the coming months.

Gold SWOT: China’s GFEX is Exploring Night Trading for Platinum and Palladium Contracts

Gold has shown resilience, gaining 0.45% over the past week, which reflects a favorable environment for the metal as geopolitical tensions have cooled. The decline in the yield on the 2-year note by 11.2 basis points indicates a shift in investor sentiment towards safer assets, further supporting gold prices. Lower yields typically enhance gold's appeal as a non-yielding asset, making it more attractive compared to interest-bearing investments. Additionally, the exploration of night trading for platinum and palladium contracts by China's GFEX could signal increased interest in precious metals overall, potentially benefiting gold as well. As investors seek stability amid fluctuating markets, gold remains a key asset for wealth preservation. The interplay between interest rates and gold prices continues to be crucial, with lower rates likely to sustain upward momentum for gold. Furthermore, any signs of renewed inflationary pressures could bolster demand for gold as a hedge. Central bank policies and their impact on currency strength will also play a significant role in shaping gold's trajectory. Overall, the current macroeconomic landscape suggests that gold is well-positioned to attract investment as a safe haven.

Gold’s Bull Market Remains Intact

Gold remains in a robust bull market despite recent turbulence, driven by persistent inflation concerns and central bank policies. Inflation continues to erode purchasing power, prompting investors to seek refuge in gold as a hedge. Central banks are maintaining accommodative monetary policies, which typically support gold prices by keeping interest rates low and increasing liquidity in the market. Additionally, geopolitical tensions are contributing to uncertainty, further bolstering gold's appeal as a safe-haven asset. We are witnessing a trend of increased central bank purchases, which signals confidence in gold's long-term value. ETF flows have also shown resilience, indicating sustained investor interest in gold as a strategic asset. As yields remain low, the opportunity cost of holding gold diminishes, making it more attractive. The dollar's fluctuations continue to play a crucial role, with a weaker dollar generally supporting higher gold prices. Overall, the combination of these factors suggests that gold's bull market is likely to persist, providing a favorable environment for investors looking to capitalize on its potential.

Hong Kong Efforts to Become Global Gold Hub Paying Dividends

Hong Kong's strategic efforts to establish itself as a global gold hub are beginning to yield significant results, reflecting a broader shift in the gold trade from Western markets to the East. As gold increasingly flows into Hong Kong, we are witnessing a transformation in the dynamics of supply and demand that could have lasting implications for gold prices. The development of robust infrastructure in Hong Kong facilitates not only the trading of gold but also enhances its accessibility to Asian investors, who are showing a growing appetite for the precious metal. This influx of gold into Hong Kong is likely to bolster its position as a key player in the global market, potentially increasing competition with traditional hubs like London and New York. As central banks in the region continue to diversify their reserves, we can expect heightened demand for gold, which typically supports prices. Additionally, the geopolitical landscape in Asia is becoming increasingly complex, and gold often serves as a safe haven during times of uncertainty. Investors should note that as Hong Kong solidifies its role in the gold market, it may attract more institutional investment, further driving demand. The interplay between these factors suggests that gold prices could experience upward pressure as the market adjusts to this new reality. Overall, the developments in Hong Kong are not just a regional story; they signify a potential paradigm shift in the global gold market that could influence pricing trends for years to come.

Alaska Ends All Taxes on Gold and Silver, Reaffirms Their Monetary Status

Alaska's recent decision to eliminate all local sales taxes on gold and silver, coupled with the reaffirmation of these metals as constitutional money, is a significant development for the gold market. This move enhances the attractiveness of gold and silver as investment vehicles, potentially increasing demand among both local and national investors. By removing the tax burden, Alaska positions itself as a more favorable environment for precious metals transactions, which could encourage greater liquidity and trading activity in these assets. As states recognize the monetary status of gold and silver, we may see a broader trend where other jurisdictions follow suit, further legitimizing these metals in the eyes of investors. This shift could lead to increased ETF inflows as investors seek to capitalize on the tax advantages and the perceived stability of gold as a monetary asset. Additionally, the reaffirmation of gold's status may bolster its appeal as a hedge against inflation and currency devaluation, especially in an environment where central banks are increasingly scrutinized. Investors should note that such legislative changes can influence market sentiment and drive prices higher, particularly if they inspire confidence in gold as a long-term store of value. Overall, Alaska's actions could serve as a catalyst for renewed interest in gold, potentially impacting its price trajectory positively in the coming months.

The Debasement Trade Explained: Mechanism, History, and What it Means for Gold

The concept of the debasement trade has gained significant traction among major financial institutions, including Goldman Sachs, Citi, and J.P. Morgan, indicating a shift in market sentiment towards inflation hedges like gold and silver. This growing recognition underscores the increasing concerns about currency devaluation and the potential erosion of purchasing power, which are critical drivers for gold prices. As investors seek refuge from the impacts of monetary policy and fiscal stimulus, gold emerges as a primary instrument for preserving wealth. The rising interest in this trade suggests that institutional investors are positioning themselves for a potential uptick in inflation, which historically correlates with higher gold prices. Furthermore, as central banks continue to navigate complex economic landscapes, their demand for gold as a reserve asset remains robust, further supporting its price. The interplay between currency debasement fears and gold's historical role as a safe haven is likely to intensify, especially in an environment of rising geopolitical tensions. As inflation expectations rise, we can anticipate increased ETF inflows into gold, reflecting a broader shift in investment strategies. Overall, the evolving narrative around the debasement trade reinforces the bullish outlook for gold, as it stands to benefit from both macroeconomic pressures and shifts in investor behavior. Investors should remain vigilant, as these dynamics could lead to significant price movements in the gold market.

Pilar Gold | Pre-IPO Investment Opportunity

• Equity raise for the restart of a fully equipped gold mine in Brazil.

• 4 million oz resource, full infrastructure, resuming production Q3 2026.

• Estimated AISC below $1,400/oz — highly profitable at today's gold prices.

• Hub & spoke growth strategy targeting 40k oz/yr near-term, 80k oz/yr medium-term.

• Management team behind Laiva Gold, Gold Road, Tucano Gold & Pure Tungsten.

• C$5M private placement at C$0.30/share — closing June 16, 2026.

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Today's Interesting Company News

G50 Corp. Confirms Significant Gold and Silver Mineralization in Parallel Veins Over 1.3KM at Its Golconda Project in Arizona

(ASX:G50) G50 Limited announced partial results from its 2025-2026 core and 2026 RC drilling programs at the Golconda Project, confirming significant high-grade gold and silver mineralization in parallel veins and consistent presence of gallium across nearly all holes drilled. The results include 13 holes returned from the lab, with drilling defining a 1.3km strike length from surface to 400 m depth on key veins and a structural corridor 200-600 m wide. Representative intercepts reported are 15.2m @8.24 g/t Au, 59.9 g/t Ag (near surface) GRC40; 16.8 m @4.34 g/t Au, 68.8g/t Ag GDD09; 13.4 m @1.63g/t Au, 31 g/t Ag (incl. 1.5 m @13.25 g/t Au) GDD04; and 12.2 m @0.56 g/t Au, 200g/t Ag CRC39. Gallium is described as continuous from surface in many cases and occurs over very large vertical intervals, being pervasive across alteration zones. The company states that gallium associated with sericite and argillic alteration halos represents the primary target for commercialization. Management highlights the potential for stacked and repeated mineralization across a wide corridor and supports district-scale tonnage potential. The Golconda Project is located in Northwest Arizona, and the company also holds the White Caps Project in Nevada, where gold and antimony mineralization has been identified.

GoldHaven Targets Historic Kuhn Tungsten Zone in Fully Funded 2026 Drill Program

(CSE: GOH) GoldHaven Resources Corp. announced details of its fully funded 2026 diamond drill program at its 100%-owned Magno Project in the Cassiar District of northern British Columbia. The program targets the Kuhn and Dead Goat tungsten zones, with a historical estimate of 616,500 tonnes grading 0.48% WO₃ across four modeled mineralized lenses. Previous drilling returned up to 4.0 metres grading 1.32% WO₃ and 0.26% MoS₂, and multiple tungsten-bearing intervals exceeding 0.5% WO₃ were intersected across the Kuhn Zone. Planned drilling will twin key holes, test extensions of known tungsten mineralization, and evaluate the broader scale potential of the tungsten-bearing skarn system. The company projects that ongoing airborne geophysics and geological modelling are expected to refine drill targets and that the system remains open at depth. Additional drilling is planned at the Magno and D Zones, where previous exploration identified high-grade silver-lead-zinc carbonate replacement style mineralization. GoldHaven is not treating the historical estimate as a current mineral resource or mineral reserve.

Graycliff Receives Drill Results up to 3030 G/t Gold Over 1.0 Metre at Shakespeare Gold Project, Ontario

(CSE:GRAY) Graycliff Exploration Limited announced very high grade assay results from the drill core that it acquired in March 2026, with Hole A returning a 7.0 m interval grading 454.34 grams per tonne gold (g/t Au) at a depth of 123 m. The company holds 100% interest in the 1,025 hectare, readily accessible property where gold mining was first initiated more than 100 years ago in 1903. Over the four phases of drilling completed between 2020 and 2022, Graycliff drilled 61 holes totalling more than 12,500 metres, with 38 of the 61 holes having gold mineralized intervals and 40% of those 38 holes including sightings of visible gold. The company anticipates receipt of the assay results for the remaining two metallurgical test holes in the coming weeks as it begins to reactivate work on the overall Shakespeare project 84 km west of Sudbury, Ontario. The company will use the analytical data as well as sample material from the three HQ-sized drill holes as the basis for initial mineralogical investigations, mineral extraction analysis and for initial mineral concentration studies.

Tiger Gold Drills 214m @ 0.7 G/t Au Including 23m of 1.1g/t Au and 9m of 2.2g/t in 80-Metre Step-out Hole at Ceibal

(TSXV:TIGR) Tiger Gold Corp. reported assay results from its Ceibal target in Colombia's Mid-Cauca gold belt, as part of its ongoing 20,000-metre drill program at the Quinchía Gold Project. The initial 5,000-metre drill program at Ceibal included hole CEDDH-010, which intersected predominantly porphyry-style mineralization over a 685.7 m near-surface interval. CEDDH-010 returned 214 m at 0.7 g/t Au from 22 m downhole, including 23 m at 1.1 g/t Au and 8 m at 1.0 g/t Au, and 437.05 m at 0.5 g/t Au from 271 m downhole, including 9 m at 2.2 g/t Au and 10 m at 1.4 g/t Au. The hole ended in mineralization at 707.7 m downhole, approximately 600 m below surface, and remains open at depth. The Ceibal target area is defined by a sub-circular combined Au-Mo surface geochemical anomaly with an approximate 800-metre by 600-metre footprint. Drilling at Ceibal has intersected a mineralized corridor with an apparent strike length of at least 300 metres and an apparent average width of approximately 300 metres, with mineralization traced over a vertical thickness of approximately 600 metres. The company projects that drilling results to date at Ceibal will be used to inform the detailed planning of a follow-up drill program in support of a maiden Mineral Resource estimate.

Dynasty Gold Announces Fully Funded 2026 Exploration Program

(TSXV: DYG) Dynasty Gold Corp. announced its initial plans for the 2026 exploration program on its 100% owned Thundercloud property in Northwest Ontario. The company plans to drill up to seven holes in this Phase 1 program to extend Pelham mineralization to depth. Expansion of higher-grade zones is targeted below previous drilling that intersected 25.2 g/t Au over 21m, including 6.5m of 72.2g/t Au. The metallic screen test has improved the grade to 8.9 g/t over 73.5m, up from 8.4 g/t over 73.5m. The company also plans to drill up to five holes in the Ch1 anomaly area and three holes in the Ch2 anomaly. The Pelham resource remains open in all directions. Dynasty Gold Corp. is currently drilling to expand the NI 43-101 gold resource.

I-ON Digital Corp. Secures Strategic Expansion of U.S. Gold Claims Portfolio Through Binding Acquisition Agreement

(OTCQB: IONI) I-ON Digital Corp. announced that it has entered into a binding Purchase and Assumption Agreement to acquire rights to 20 Bureau of Land Management ("BLM") gold mining claims located in the southwestern United States. The acquisition is fully financed through a combination of cash, Seller Finance, treasury-held IONau, and I-ON common stock, with the initial funding tranche being executed in collaboration with Real Asset Acquisition Corp. The Seller has substantially completed I-ON's proprietary onboarding, verification, and reserve qualification process prior to the opening of escrow. The closing and digitization of the acquired claims are targeted for the third quarter of 2026. The agreement also provides I-ON with a joint-venture operating option over additional mineral claims held by the seller. The acquisition is expected to increase the Company's inventory of onboarding-eligible mineral assets and expand the pool of eligible assets available for future digitization initiatives. The company projects that these initiatives may enhance the long-term utility of qualifying mineral assets and create additional pathways for reserve monetization, asset digitization, and balance sheet growth.

Emperor Metals Confirms High-Grade Gold Mineralization Highlighted by 35.9 Meters Grading 3.1 G/t Au, Including 24.7 Meters of 4.0 G/t Au

(CSE: AUOZ) Emperor Metals Inc. reported progress on its 2026 exploration campaign at the Duquesne West Project, integrating 15,000 meters of new drilling with 8,000 meters of targeted resampling of historical core, contributing an additional 23,000 meters of data to refine and expand the current geological model. The company highlighted broad high-grade bulk-tonnage gold intercepts, including 35.9 meters grading 3.1 g/t Au in drillhole DQ26-45, and ongoing drilling that continues to expand the deposit footprint eastward. Assay results received to date represent 16 of the 47 holes drilled so far, accounting for roughly 35-40% of the current drilling program and only about 20% of the total assays expected from the broader 2025-2026 exploration season. Results have been reported for approximately 6,500 meters to date, while the company has successfully completed around 15,300 meters of drilling and remains well below budget for the work completed. The Duquesne West Gold Property currently hosts an updated inferred mineral resource estimate (MRE) of 26.9 million tonnes containing 1.46 million ounces of gold at an average grade of 1.69 g/t Au. Emperor agreed to acquire a 100% interest in a mineral claim package comprising 38 claims covering approximately 1,389 ha from Duparquet Assets Ltd., a 50% owned subsidiary of Globex Mining Enterprises Inc. The company projects advancing toward a multi-million-ounce gold deposit in the Main Pit and is targeting a multi-million-ounce gold resource at Duquesne West through a combination of conceptual open-pit and underground mining scenarios.

Golden Cross Upsizes Previously Announced Non-Brokered Private Placement

(TSXV:AUX) Golden Cross Resources announced it has increased the size of its previously announced non-brokered private placement to raise gross proceeds of up to C$3,750,000 through the issuance of 22,058,824 units, which has been fully subscribed. Each unit is priced at $0.17 and consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $0.30 per share for a period of two years from closing of the Offering. The proceeds will be used for exploration drilling and development of the Company's Reedy Creek high-grade gold project located in Victoria, Australia, as well as for general working capital and administrative purposes. The Offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and the securities issued will be subject to a hold period in Canada expiring four months and one day from the closing date. Members of the Company's management team may participate in the Offering, including subscriptions from related parties as defined in Multilateral Instrument 61-101. The company projects that the additional capital will strengthen its balance sheet and provide greater flexibility as it advances its exploration objectives and pursues opportunities to unlock value across its portfolio.

Sranan Gold Corp | CSE: SRAN | OTCQB: SRANF

• Active drilling in Suriname's Guiana Shield - same gold belt as Founders Metals' major discoveries.

• Latest result: 11m @ 7.33 g/t Au including 4m @ 14.59 g/t Au and 1m @ 44.60 g/t Au.

• 900m+ mineralized shear corridor defined.

• 12,500m drill program for 2026 fully funded.

• Oversubscribed $3.6M private placement closed May 27, 2026.

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Toogood Gold Commences First-Ever Systematic Exploration Program at Table Mountain Gold-Silver Project, Nevada

(TSXV:TGC) Toogood Gold Corp. announced the commencement of the first-ever systematic, property-wide exploration program ('Phase 1') at its Table Mountain Gold-Silver Project in Lincoln County, Nevada. The Phase 1 program includes over 6,150 soil samples planned on a NW-SE oriented grid, 1:5,000-scale geological and structural mapping led by VP Exploration Lee Hess, and a dedicated prospecting, rock sampling, and spectral scanning program targeting 250 rock samples. The program also features a high-resolution ground gravity survey with 1,673 stations on a 100 x 100 metre grid and a drone magnetic survey covering 767 line-kilometres at 25-metre line spacing. Soil and rock samples will be analyzed by MSALABS in Elko, Nevada, using industry-standard analytical procedures and QA/QC protocols. The company has an option to earn a 100% interest in both the Table Mountain Project and the 164 km² Toogood Gold Project in Newfoundland. The company projects that Phases 1 and 2 are designed to deliver ranked drill targets in Q3 2026 and advance Table Mountain toward a maiden drill campaign.

Aya Gold & Silver Reports High-Grade Exploration Drill Results Near Pit Depth at Zgounder

(TSX:AYA) Aya Gold & Silver Inc. announced high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco. Hole ZG-RC-26-946 intercepted 1,867 grams per tonne (g/t) silver (Ag) over 6.0 metres (m), including 5,100 g/t Ag over 2.0m. Hole ZG-RC-26-942 intercepted 739 g/t Ag over 10.0m, including 1,674 g/t Ag over 4.0m, and Hole ZG-RC-26-799 intercepted 1,160 g/t Ag over 6.0m, including 1,778 g/t Ag over 3.0m. 9,250m or 30.8% of the 2026 exploration program has been drilled year to date. The company projects development of the exploration drift at the 1825-metre level is advancing ahead of planned drilling west of the fault in the second half of the year. Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility.

New Found Gold Expands Queensway Work Program: Focus on Discovery and Resource Growth

(TSXV:NFG) New Found Gold Corp. announced the expansion of a fully funded $44M work program on its 100%-owned Queensway Gold Project in Newfoundland and Labrador, Canada. The Program will include 90,000 metres of diamond drilling and surface exploration across the Company's 220,000 hectare Project. Two additional drill rigs are being mobilized to add to the four rigs active since January, expanding to a total of six drills in mid-June. The 2025 Queensway drill program included 74,377 m of drilling in 614 diamond DDH, with approximately 75% focused on the AFZ Core area and 25% on exploration targets such as Dropkick. To date, a total of 32,000 m of drilling has been completed in the 90,000 m Program, primarily focused on project-related drilling within the AFZ Core. The company projects advancing Queensway toward first ore processed in late 2027 and plans to report outstanding results from 2025 drilling and channel sampling from the Lotto excavation once available. The Program allocates 45% to discovery and growth focus and 55% to project focus, including resource conversion, grade control, and geotechnical and hydrogeological drilling.

Gold X2 Intersects 86.0m of 1.37 G/t Au From 314.0m at QES During Infill Drilling at the Moss Gold Project

(TSXV:AUXX) Gold X2 Mining Inc. announced the latest assays from its infill drilling program targeting the QES Zone at the Moss Gold Project in Northwest Ontario, Canada. Eighteen holes, including four extensions to holes drilled in 2025, were drilled through the QES Zone to upgrade Inferred resources to the Indicated category within the current RPEEE open pit shell. Best intercepts reported include 72.65m of 0.79 g/t Au from 513.0m in MQD-25-149, 118.0m of 0.78 g/t Au from 366.0m in MQD-25-163, and 86.0m of 1.37 g/t Au from 314.0m in MQD-26-366. Fourteen new holes were collared north of the QES Zone and located additional mineralized Superion-style shears outside of the current mineral resource, with intercepts such as 18.75m of 1.02 g/t Au from 259.25m in MQD-26-332. Globally, the drill results from the eighteen holes infilling the MRE volume are showing 67% wider zones at an average 19% lower grade when compared to the current MRE. The company projects further expansion on the north side of the proposed open pit and a significant replacement of waste with mineralization in the RPEEE pit shell. Michael Henrichsen, CEO and Director of Gold X2, commented on the meaningful expansion of the QES Zone and the emerging Superion Zone at shallow depths.

Sterling Metals Consolidates Ontario's Newest Emerging Copper District Through Acquisition of QcX Gold

(TSXV:SAG) Sterling Metals Corp. and QcX Gold Corp. have entered into a definitive agreement under which Sterling will acquire all of the issued and outstanding securities of QcX by way of a court-approved plan of arrangement, with QcX shareholders receiving one Sterling common share for every 4.81026 QcX shares held at an implied consideration of $0.25666 per share of QCX. The Transaction creates a consolidated land package exceeding 35,000 hectares across the Batchewana Copper Belt of northern Ontario, expanding Sterling's district footprint by approximately 40%. Sterling will issue approximately 4,701,788 common shares pursuant to the Transaction. Upon completion, existing Sterling and QcX shareholders are expected to own approximately 90.75% and 9.25% of the combined company, respectively. The Transaction will be completed pursuant to an arm's length arrangement agreement dated June 1, 2026, and is subject to customary conditions including approval by at least 66⅔% of votes cast by QcX shareholders at a meeting expected in late July 2026. The combined land position establishes continuity across the length of the Batchewana Copper Belt with access to existing road, rail, power, and deep-water port infrastructure near Sault Ste. Marie. The company projects that the Transaction will close shortly after the QcX shareholder meeting, subject to court approvals and other customary closing conditions.

Cabral Gold Drills 107.6m @ 2.5 G/t Gold Including 17.8m @ 13.0 G/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

(TSXV: CBR) Cabral Gold Inc. announced results from three additional diamond drill core holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil. Drilling at Jerimum Cima returned 107.6m @ 2.5 g/t gold from 162.7m depth, including 17.8m @ 13.0 g/t gold from 232.9m depth and 3.8m @ 59.9 g/t gold from 232.9m depth in hole DDH384. Previous drill holes include DDH372 with 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold, and DDH378 with 10.2m @ 8.7 g/t gold including 1.3m @ 62.5 g/t gold. The high-grade mineralized zone at Jerimum Cima is continuous along strike for 455m and extends at least 60m further down dip to at least 150m depth, remaining open along strike and down-dip. The Cuiú Cuiú project contains 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, and Inferred resources of 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 company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation and expects to enter commercial gold production in Q4 2026. Management targets updating the global resource base later this year.

Green & Gold Gets Drill Spinning at Copper Hills Buoyed by High-grade Sampling Assays

(ASX:GG1) Green & Gold Minerals has started reverse circulation drilling at the Copper Hills prospect within its Herberton conductor metals project in Queensland. Rock chip sampling at several prospects returned up to 2212g/t silver, 13.7% copper, 26% lead, 16.7% tin, and 676g/t Indium. Historical drilling at Copper Hills in the 1980s included intercepts such as 4m at 139g/t Ag, 1.3% Cu, 4.3% zinc, and 1.1% Pb from 101m, 10m at 50g/t Ag, 0.9% Cu, 2.5% Zn, and 1.5% Pb from 28m, and 3m at 91g/t Ag, 2.3% Cu, 1.1% Zn, and 0.6% Pb from 46m. At Penang Pekin, assays included 10.6% Cu, 1,255g/t Ag, 651g/t In, 0.1g/t Au, and 2.2% Pb. The Sentinel prospect at the Chillagoe gold project, about 85km away, hosts an 800m x 600m gold-bismuth-tellurium soil anomaly, and earlier drilling confirmed an intercept of 11m at 0.4g/t Au. Results from the current drilling are expected in about six weeks. Management believes the results reinforce the project’s potential for copper, silver, and tin discoveries and notes that copper, silver, tin, and gold prices are substantially stronger today than during past drilling campaigns.

Many Peaks Minerals to Focus on Priority Gold Targets With Drilling at Odienné and Ferké Projects

(ASX: MPK) Many Peaks Minerals has mobilised two additional drill rigs to its Odienné gold project in Côte d’Ivoire and the nearby Ferké discovery to conduct more than 60,000 metres of drilling before year end. The Ouarigue resource currently sits at 26.7 million tonnes at 1.54 grams per tonne for a contained 1.32 million ounces gold. Three of the four rigs in use will target down-dip and strike extensions at Ferké, along with further delineation of an interim mineral resource estimate at the Ouarigue deposit. Many Peaks will complete an initial 5,000m of reverse circulation (RC) drilling proximal to Ouarigue and a further 6,000m to systematically test regional exploration targets across the broader Ferké district. Aircore drilling at Odienné will focus on anomalous features identified in a gradient array induced polarisation (GAIP) survey covering 24.75 square kilometres across the Zone A and Zone C prospects. Previous drilling at Zone A returned significant gold intercepts across a 4.2km-long structural corridor, with best results of 8m at 1.30g/t gold, 12m at 1.18g/t gold and 3m at 3.42g/t gold. Maiden drilling at Zone C returned assays of up to 21m at 1.21g/t gold including 6m at 3.17g/t gold.

Sunstone Metals Intersects Wide Gold-Copper Zones at Porotillo, Boosting Resource Potential

(ASX: STM) Sunstone Metals has released significant gold-copper drill results from its Porotillo prospect within the Bramaderos project, intersecting 200m and 151m from surface. Hole PTDD006 returned 200m at 0.62 g/t Au-Eq (0.38 g/t Au, 0.14% Cu) from surface, including a higher-grade interval of 19m at 1.01 g/t Au-Eq (0.77 g/t Au, 0.15% Cu) from surface. Hole PTDD007 intersected 151m at 0.54 g/t Au-Eq (0.34 g/t Au, 0.12% Cu) from surface, including 26m at 0.84 g/t Au-Eq (0.53 g/t Au, 0.19% Cu) from surface. These intercepts extend gold and copper mineralisation an additional 380m to the southeast of prior hole PTDD004, now covering a total length of 480m. All 12 assayed holes in the current drilling program have returned long gold-copper mineralised intersections. The Copete-Porotillo exploration target is estimated to contain between 135-180Mt at a grade of 0.40-0.60 g/t AuEq2, equating to 1.7-3.5Moz AuEq1. The company projects to upgrade the Copete-Porotillo exploration target into JORC Mineral Resources in the second half of 2026 and anticipates an updated Bramaderos Mineral Resource estimate later in 2026.

Enduro Metals | TSX-V: ENDR

• $8.9M financing just closed on 688 km² in BC's Golden Triangle.

• Maiden drill program at Andrei target starts 2026.

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