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Gold Market Context: Macro Drivers Key macro instruments that drive gold price movements: dollar, yields, risk appetite DXY US Dollar Index 99.84 pts ▼ 0.21 (-0.21%) tailwind for gold Gold inverse — rising dollar pressures gold | US10Y 10-Yr Treasury 4.49 % ▼ 0.04 (-0.99%) tailwind for gold Real yield pressure — higher yields weigh on gold | SPX S&P 500 7,356.99 pts ▼ 227.32 (-3.00%) tailwind for gold Risk appetite — equity rallies reduce safe-haven demand | BTC Bitcoin 63,432.80 USD ▲ 193.28 (+0.31%) positive for gold Alt safe haven — moves with gold in risk-off | WTI Crude Oil (WTI) 86.85 $/bbl ▼ 4.45 (-4.87%) negative for gold Inflation proxy — rising oil can lift gold | EURUSD EUR / USD 1.16 ▼ 0.01 (-0.48%) negative 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 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. Request Investor Pack → |
Today's Interesting Company News Dios Completed 2026 Follow-Up Diamond Drilling on AU33 Gold Project(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. The company projects that assay results will be reported in batches as they come. Blue Jay Gold Commences Drilling on the Steller Gold Project, Yukon; Second Drill Mobilizing to Site(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. Walker Begins Drill Program at the Lapon Canyon Gold Project(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. Pacifica Silver Reports Strong Gold-Silver Intercepts at Claudia Project and Extends Justina Vein to 600 Metres in Strike Length(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. NovaRed Mining Provides Summary of Results for Wilmac Copper-Gold Project(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. Metals Creek Continues to See Encouraging Visuals in Third Drill Hole at the Ogden Gold Project, Completes Drill Program(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. Legacy Gold Advances Core Drilling to Undrilled Northwest Zone at the Baner Gold Mine Property; RC Drilling on Target for July Start(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. New Found Gold Provides Hammerdown Update(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. GMV Minerals | TSX-V: GMV • 688k oz inferred gold at Mexican Hat in SE Arizona. • One of the West's most promising development opportunities. • Drilling now underway at the epithermal deposit, open in all directions and at depth. • PEA completed. Learn more → |
ICG Silver & Gold Advances Permitting for Phase 1 Exploration at the Tuscarora District(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. Eureka Metals Engages Archer Cathro for 2026 Exploration Program at the Cabin Lake Silver-Lead-Zinc-Gold Project, British Columbia(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. Labrador Gold Announces 2026 Exploration Plans for Pacific Ridge's White Gold Projects(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 totalling $5.4M over a four-year period. 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. Nuvau Expands Its Exploration Program Targeting Key Base Metal and Never-Before-Drilled Gold Targets in the Matagami District(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. Americas Gold and Silver Closes Previously Announced Agreements to Settle Silver and Gold Delivery Obligations(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. Hayasa Metals Announces 2026 AMT Geophysical Results for Urasar Copper-Gold Project, Armenia(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. Cabral Gold Drills 25m @ 7.5 G/t Gold Including 10m @ 17.1 G/t Gold as Part of Pre-Production Infill Drilling, MG Gold Deposit, Cuiú Cuiú Gold District, Brazil(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. GoldMining Announces Positive PEA Highlighting $532 Million After-Tax NPV and 42% IRR at Its São Jorge Project, Brazil(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. 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. More → |
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