Key macro instruments that drive gold price movements: dollar, yields, risk appetite
Gold Pressured by Stronger Dollar, Rate-Hike Concerns
Gold fell as a stronger U.S. dollar and increasing expectations of interest-rate hikes this year exerted downward pressure on prices. The dollar's strength typically dampens demand for gold, which is priced in dollars, making it more expensive for foreign buyers. Additionally, the market is grappling with the implications of potential rate hikes, which historically have a negative correlation with gold prices as higher rates increase the opportunity cost of holding non-yielding assets like gold. Limited support for gold came from rising Treasury bonds, as lower energy prices have eased inflation concerns, reducing the appeal of gold as an inflation hedge. Investors should note that the interplay between the dollar's strength and interest rate expectations is critical in shaping gold's near-term trajectory. As these factors continue to evolve, they will likely dictate market sentiment and investment flows into gold. The current environment suggests that unless there is a significant shift in either monetary policy or geopolitical tensions, gold may struggle to regain upward momentum. Central bank demand and ETF flows will also be pivotal in determining gold's resilience against these headwinds. Overall, the outlook for gold remains cautious as we navigate through these macroeconomic challenges.
1h ago
Gold ETFs Just Saw Their Biggest Weekly Inflow Since April After $7.6 Billion Exodus
Gold prices are experiencing a notable shift as physical gold-backed exchange-traded funds (ETFs) attracted 5.1 tonnes of inflows last week, marking the largest weekly increase since mid-April. This influx translates to approximately $1.1 billion in new investments, a significant rebound following four consecutive weeks of outflows that totaled 58.2 tonnes, or about $7.6 billion. This reversal in sentiment indicates a renewed interest in gold as a safe-haven asset amidst ongoing economic uncertainties. Investors should note that the recent inflows suggest a potential stabilization in demand for gold, which could support prices in the near term. The market's reaction to these inflows is critical, as they reflect a shift in investor confidence, particularly in light of rising geopolitical tensions and persistent inflationary pressures. Additionally, the dollar's performance and interest rate expectations will continue to play a pivotal role in shaping gold's trajectory. As central banks remain vigilant in their monetary policies, any signs of increased demand for gold from these institutions could further bolster prices. Overall, the recent uptick in ETF inflows signals a cautious optimism among investors, which may provide a foundation for gold to regain its footing in the market.
1h ago
Why is gold falling as inflation rises? The inflation hedge myth, explained
Gold is experiencing its fourth consecutive monthly decline despite US inflation reaching a three-year high, highlighting a significant shift in market dynamics. The prevailing narrative that gold serves as a reliable hedge against inflation is being challenged as higher interest rates take precedence in influencing gold prices. As rates rise, the opportunity cost of holding non-yielding assets like gold increases, leading investors to favor interest-bearing securities. This shift in focus from inflation to interest rates suggests that the traditional role of gold as an inflation hedge may be overstated. Furthermore, the strength of the dollar, often inversely correlated with gold prices, continues to exert downward pressure on the metal. Investors should also consider that central bank demand, while still relevant, is not currently sufficient to counteract the bearish sentiment driven by rising yields. ETF flows have also been tepid, indicating a lack of strong buying interest in gold at these price levels. As we navigate this complex landscape, it is clear that the interplay between rates, the dollar, and inflation will remain critical in determining gold's trajectory. In this environment, we must reassess our strategies and expectations regarding gold as a safe haven asset.
4h ago
Gold, Fort Knox, and the Dollar’s Future
Gold prices are increasingly influenced by central bank buying, particularly as the Federal Reserve navigates its monetary policy. The ongoing demand from central banks signals a robust belief in gold as a hedge against economic uncertainty and inflation. As the dollar's future remains uncertain, investors are turning to gold as a safe haven, which supports its price. The Fed's policies, particularly regarding interest rates, play a crucial role in shaping investor sentiment towards gold. When rates are low, the opportunity cost of holding gold diminishes, making it more attractive. Conversely, any indication of rising rates could pressure gold prices downward. Additionally, geopolitical tensions and economic instability further bolster gold's appeal, as it is traditionally viewed as a store of value during turbulent times. ETF flows also reflect this trend, with increased investment in gold-backed securities indicating strong market interest. Overall, the interplay between central bank actions, the dollar's trajectory, and global economic conditions will continue to dictate gold's price movements in the near term. Investors should remain vigilant to these factors as they assess their positions in the gold market.
5h ago
Chinese Gold Imports Hit Two-Year High in May
Chinese gold imports surged to 163 tonnes in May, marking the highest level in two years, which is a significant indicator of demand dynamics in the gold market. This uptick in imports occurs despite sagging prices and cooling demand, suggesting that Chinese buyers are capitalizing on lower prices to accumulate gold. Increased imports from China, the world's largest gold consumer, can exert upward pressure on global gold prices as they reflect a robust appetite for the metal. Additionally, this trend may signal a shift in market sentiment, where investors are seeking gold as a hedge against potential economic uncertainties. The timing of these imports is crucial, as they coincide with ongoing geopolitical tensions and inflationary pressures that typically bolster gold's appeal. Furthermore, the Chinese government's policies and central bank actions could further influence demand, as they may continue to diversify their reserves into gold. Investors should also consider the implications of these imports on ETF flows, as increased physical demand often translates into higher investment in gold-backed ETFs. Overall, the rise in Chinese gold imports is a bullish signal for gold prices, indicating that despite current price weaknesses, underlying demand remains strong and could lead to a price rebound. As we navigate through these market conditions, the interplay between Chinese demand and global economic factors will be pivotal in shaping gold's trajectory.
5h ago
Gold Drops Below $4,100 as Tech-Led Selloff Spurs Liquidation
Gold fell below $4,100 as a tech-led selloff on Wall Street triggered a wave of liquidation among investors. This decline reflects a broader trend where market participants are forced to sell off assets, including bullion, to cover losses in other areas of their portfolios. The pressure on gold prices indicates a shift in investor sentiment, as liquidity becomes a priority in a volatile market environment. As equities struggle, we see a direct impact on gold, which is often viewed as a safe haven. However, in times of market distress, even traditionally safe assets can be sold off to meet margin calls or to raise cash. This dynamic suggests that gold may face continued downward pressure if the tech sector remains weak and investors prioritize liquidity over hedging against inflation or geopolitical risks. Additionally, the current environment may lead to reduced demand for gold as a hedge, further complicating its price trajectory. Investors should closely monitor the interplay between equity market performance and gold prices, as the former can significantly influence the latter. The ongoing volatility underscores the importance of understanding the broader macroeconomic landscape when assessing gold's value.
10h ago
Bank of America's latest gold outlook sends a different signal
Gold has experienced a significant pullback of approximately 17% since the onset of the Iran conflict, settling around $4,156 an ounce by June 20. This decline underscores the complex interplay between geopolitical tensions and market dynamics, particularly as rising energy prices have heightened inflation expectations. As inflationary pressures mount, the Federal Reserve is likely to adopt a tighter monetary policy stance, which historically has been a headwind for gold prices. The shift in central bank policy can diminish gold's appeal as a hedge against inflation, leading to reduced demand from investors seeking safety. Additionally, the strong dollar, often a consequence of higher interest rates, further pressures gold prices by making the metal more expensive for holders of other currencies. Investors should also consider the implications of ETF flows, as any significant outflows from gold-backed funds could exacerbate downward price movements. Central bank demand remains a critical factor, and any shifts in their purchasing behavior could influence market sentiment. As we navigate these turbulent waters, it is essential to monitor the evolving geopolitical landscape and its impact on energy prices, inflation, and monetary policy. The current environment suggests that gold may face continued challenges unless there is a reversal in these trends.
11h ago
IBD Stock Of The Day: Pawnshop Operator Makes Kingly Move
Gold prices remain elevated, driven by ongoing affordability concerns that are pushing consumers towards alternative financial solutions, such as pawnshops. The significant rise in pawnshop stock, up 70% this year, underscores the increasing demand for liquidity as individuals seek to leverage their assets amid high gold prices. This trend indicates a broader economic environment where consumers are feeling the pinch of inflation and rising costs, which typically supports gold as a safe-haven asset. As affordability issues persist, we can expect continued interest in gold, both from consumers looking to sell or pawn their jewelry and from investors seeking to hedge against economic uncertainty. The interplay between high gold prices and consumer behavior suggests that demand for physical gold may remain robust, further supporting prices. Additionally, as central banks continue to diversify their reserves, gold's appeal as a stable asset is likely to strengthen. Investors should closely monitor these dynamics, as they could influence gold's trajectory in the coming months. The current economic landscape, characterized by high inflation and rising interest rates, typically favors gold, reinforcing its status as a hedge against currency devaluation. Overall, the combination of high gold prices and increased consumer reliance on pawnshops signals a resilient gold market that could continue to attract investment.
13h ago
Precious Metals Extend Losing Streak
Gold and silver futures have extended their losing streak, with gold closing down 1.2% at $4,129.90 per ounce and silver dropping 5.4% to $62.02 per ounce. This decline marks the third consecutive day of losses for both metals, indicating a sustained bearish sentiment in the market. The ongoing geopolitical tensions are contributing to this environment, as investors remain cautious and may be anticipating further brinksmanship before any resolution is reached. Such uncertainty typically drives investors towards safe-haven assets, yet the current trend suggests that gold is struggling to attract significant buying interest. Additionally, the recent performance of the dollar and rising yields may be exerting downward pressure on gold prices, as higher rates diminish the appeal of non-yielding assets like gold. Central bank policies and inflation expectations are also critical factors to monitor, as any shifts could influence demand for gold. ETF flows have been relatively muted, reflecting a lack of strong conviction among investors in the current climate. As we navigate these dynamics, it is essential to remain vigilant about how geopolitical developments and economic indicators will shape the gold market in the near term. Overall, the current trajectory suggests that gold may continue to face headwinds unless there is a significant shift in investor sentiment or macroeconomic conditions.
14h ago
(ASX:RML) Resolution Minerals has pivoted its corporate strategy from early-stage Australian exploration into a targeted US development platform, holding the flagship Horse Heaven project in Idaho. The company has a ~$99 million market capitalisation and is advancing a district-scale gold deposit toward a maiden resource, while also developing high-grade antimony and tungsten assets. Phase 1 drilling at Golden Gate mapped broad, near-surface gold mineralisation across a 600-metre strike extent, and a fully permitted, 45-hole (13,700m) summer drilling program is underway at Golden Gate. Advanced core testing from Johnson Creek will dictate the commercial viability of separating gold, antimony, and tungsten into clean, saleable concentrate products. The company aims to establish a near-term processing pathway to generate cash flow well before Golden Gate requires massive project financing. Over the second half of 2026, several definitive milestones are expected, including progress on bulk-sampling approvals at Antimony Ridge. The company projects that if its summer drill campaign successfully converts broad gold hits into a continuous JORC resource—and its critical minerals flowsheet holds up—it will hold prime real estate inside a starved US domestic supply chain.
(TSX: SVM) Silvercorp Metals Inc. reported the results of an updated Technical Report for the Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China, with a Mineral Reserve and Mineral Resource dated effective December 31, 2025. The report estimates Measured and Indicated Mineral Resources of 18.3 million tonnes grading 65 g/t silver, 0.91% lead, and 2.24% zinc, containing 38.3 million ounces silver, 167 thousand tonnes lead, and 408 thousand tonnes zinc. Proven and Probable Mineral Reserves are estimated at 6.2 million tonnes grading 63 g/t silver, 0.91% lead, and 2.23% zinc, containing 12.5 million ounces silver, 56 thousand tonnes lead, and 138 thousand tonnes zinc. Inferred Resources are estimated at 7.36 million tonnes grading 75 g/t silver, 0.84% lead, and 1.91% zinc, containing 17.7 million ounces silver, 62 thousand tonnes lead, and 140 thousand tonnes zinc. The company projects an annual production rate increase from around 345 thousand tonnes per annum in FY2026 to between 350 and 365 thousand tonnes per annum from FY2027 to FY2028, and then to approximately 370 thousand tonnes per annum from FY2029 to FY2041. The projected post-tax NPV5 is $101.4 million, with a post-tax NPV5 attributable to Silvercorp of $100.3 million (99% interest), using an 8% discount rate. There is potential to extend the Life of Mine beyond year 2044 with a tailings storage facility capacity expansion.
(CSE:HARY) Harrys Manufacturing Inc. announced that it has entered into a mineral property option agreement dated June 22, 2026 with 1430490 B.C. Ltd. and Sebastien Latour to acquire 100% of the Optionors' interest in the Winslow Gold Project located in the West Kootenay region of southeastern British Columbia. To exercise the option, the Company must pay the Optionors an aggregate of $1,025,000 in cash, including $25,000 on or before June 26, 2026, an additional $250,000 on or prior to the one-year anniversary of the Effective Date, and an additional $750,000 on or prior to the two-year anniversary of the Effective Date. Following the exercise of the Option, the Company shall grant the Optionors an aggregate two percent (2%) net smelter returns royalty on the Property, with the option to repurchase one percent (1%) of the Royalty for a one-time cash payment of $500,000. The acquisition is subject to customary conditions, including approval from the Canadian Securities Exchange, sufficient working capital for 12 months, shareholder approval, and receipt of a Technical Report prepared in accordance with NI 43-101. The Company also entered into an agreement with 0865381 B.C. Ltd., doing business as Volume Hunters, for social media consultation services for a period of twelve months commencing on July 1, 2026, for a payment of $135,000 (plus taxes). The Property will be the Company's first material mineral property interest.
(TSX: VGC) Valor Gold Corp. celebrated its new listing on the TSX, marking an important milestone for the Company. Valor Gold Corp. holds 100% of the Courageous Lake gold project in Canada's Northwest Territories, which represents the third largest undeveloped gold resource in Canada. The Courageous Lake project contains 15 million ounces of gold across Measured, Indicated and Inferred resources. The TSX listing increases Valor's visibility among investors and strengthens access to capital markets. The company intends to advance the project in the coming months as it works towards defining and drill testing additional exploration targets that will be included into an updated integrated Pre-Feasibility Study.
(TSXV: GGM) Granada Gold Mine Inc. announced an updated Mineral Resource Estimate (the "2026 MRE") for its 100%-owned Granada Gold Project in Quebec, Canada, reporting Measured and Indicated in-pit and underground Mineral Resources of 890,600 ounces of gold (15,982,000 tonnes grading 1.73 g/t Au), a 64% increase over the 2022 estimate of 543,000 ounces (8,220,000 tonnes at 2.05 g/t Au). Inferred in-pit and underground Mineral Resources are 865,500 ounces of gold (20,096,000 tonnes grading 1.34 g/t Au), a 90% increase over the 2022 estimate of 456,000 ounces (3,010,000 tonnes at 4.71 g/t Au). The 2026 MRE applies updated economic parameters, including a gold price of CA$176 per gram (approximately US$4,270 per ounce), revised cut-off grades (0.25 g/t Au in-pit and 1.4 g/t Au underground), and updated processing and site assumptions. The company holds a Certificate of Authorization for mining 550 tonnes per day for a total of approximately 590,000 tonnes, structured as a phased "Rolling Start" bulk-sample pathway. An independent ore-sorting program demonstrated a 2.7-times gold-grade uplift at 88 percent recovery, with roughly two-thirds of the material rejected as waste before milling. The company intends to incorporate this estimate into a forthcoming NI 43-101 technical report, to be filed on SEDAR+ within 45 days of this news release.
(TSXV: BRAU) Big Ridge Gold Corp. has initiated a non-brokered private placement of 23,333,333 common share units at a price of $0.30 per Unit for gross proceeds of C$7,000,000. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of C$0.46 for a period of 36 months following the closing. The proceeds will be used for ongoing engineering studies and resource expansion drilling at the Hope Brook Gold Project. The closing of the Offering is expected to occur in early July and is subject to receipt of all necessary regulatory approvals, including acceptance by TSX Venture Exchange. Mr. Michael Gentile, an insider, nearly doubled his position in Big Ridge Gold Corp. to 19.9%. Big Ridge owns a 100% interest in its flagship Hope Brook Gold Project in Newfoundland and Labrador, as well as the Oxford Gold Project in Manitoba and the Destiny Gold Project in Quebec. The Company acknowledges financial support from the Newfoundland and Labrador Ministry of Natural Resources' Junior Exploration Assistance (JEA) Program for its 2023 exploration programs.
(CSE: ARQ, OTC: ARBTF) Argo Gold Inc. announced that it has removed from the company's website the company's in-house resource estimates for the Uchi Gold Project and the Talbot Lake Gold Project. Argo Gold has never press released these in-house resource estimates. The company has not completed NI 43-101 Technical Reports for the Uchi Gold Project or the Talbot Lake Gold Project. Argo Gold is described as a Canadian mineral exploration and development company, and an oil producer. Argo Gold is listed on the Canadian Securities Exchange (CSE: ARQ) as well as quoted on OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS. Paul Poggione is listed as President and Judy Baker as CEO. No financial figures, production volumes, or resource estimates are disclosed in this announcement.
(TSXV: ZAU) Zodiac Gold Inc. closed its non-brokered private placement of 16,000,000 units at a price of C$0.35 per Unit, for gross proceeds of C$5,600,000. The Offering closed on an oversubscribed basis and remains subject to final approval of the TSX Venture Exchange. Zodiac Gold now has approximately C$9 million in the treasury, providing substantial financial flexibility to accelerate exploration at the Todi Gold Project. Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant exercisable at C$0.54 per share for 24 months from issuance. Finder's fees paid included C$77,665 and 221,900 Compensation Warrants to Canaccord, C$61,936 and 176,960 Compensation Warrants to Haywood, and C$4,001.20 in cash to RWL. An insider participated in the Offering, subscribing for 55,399 Units for a total of C$19,389.65. The company projects an aggressive, fully funded program focused on expanding mineralization along strike, infilling key zones, and testing depth extensions across multiple targets.
(CSE: AUEX) (OTCQB: AUHIF) Advanced Gold Exploration Inc. announced it has entered into an option agreement dated June 23, 2026, with Bounty Gold Corp. and Last Resort Resources Ltd. to acquire the Muriel-Marr Project in the Thunder Bay North district of northwestern Ontario. The Muriel-Marr Project comprises 403 unpatented mining claims spanning approximately 8,287 hectares and is located 85 km north of Equinox Gold Greenstone Mine. Under the terms of the agreement, Advanced Gold Exploration Inc. will make an aggregate of $120,000 in cash payments, issue 1,500,000 common shares, and incur $161,200 in qualifying expenditures over three years. The Optionors will be entitled to a 2% net smelter returns royalty, which can be reduced to 1% by a $1,000,000 cash payment. The company has agreed to issue 238,888 Common Shares as finder's fees at a deemed price of $0.135 per share. The company projects near-term catalysts including relocating and ground-truthing historical occurrences, prospecting for bedrock sources of gold-in-soil anomalies, and evaluating pegmatites for LCT mineralization. Completion of the transaction is subject to regulatory and other approvals, including the Canadian Securities Exchange.
(TSX:TSK | OTCQB:TSKFF) Talisker Resources Ltd. announced results from an additional 20 drill holes from the 2026 Bralorne Gold Project resource conversion program at its currently producing Mustang Mine. Highlights include 19.80 g/t Au over 0.50 m within 5.55 g/t Au over 2.10 m on the 101 Vein, and 85.00 g/t Au over 0.50 m within 18.76 g/t Au over 2.30 m on the Alhambra Vein. In 2026, a total of 25 underground diamond drill holes for 4,461 metres and 20 surface diamond drill holes for 7,802 metres were completed. The underground resource conversion drill program is focused on infill drilling of the Alhambra, BK and BK-9870 veins, while surface drilling targets Bralorne West’s 101, 55 HW, 276, and 55 veins. Underground mine development is underway in the Bralorne West zone, with the first underground diamond drill bay now complete and a fleet of two underground and one surface diamond drills active. All drill holes in this release are located in the Mustang Mine and hosted in diorite and/or intermediate to felsic dyke. The company states that true thickness of structures in this release may range from 17% to 95% of the apparent thicknesses.
(TSXV: MMET) (OTCQX: MMETF) Miata Metals Corp. announced additional drill results from its ongoing, 25,000 m diamond drilling program at its Sela Creek Gold Project in Suriname. The deepest test of the mineralized zone at Jons Trend extended five known vein zones by 50 meters down-dip to a vertical depth of 250 m. The Company discovered an additional zone below the formerly modeled gold mineralization. The drill hole returned a broad intercept across several vein zones of 63 m at 1.44 g/t Au. At Big Berg, continued step-out drilling returned both broad and higher-grade intercepts, 400 m to the southwest along strike from Jons Trend. Geological data points towards the continuation of Jons Trend and Big Berg in a single mineralized corridor of 1,300 m strike length. All of these vein zones remain open at depth.
(TSXV:GRG) Golden Arrow Resources Corporation announced a definitive agreement dated June 22, 2026, for the sale of a portion of the San Pietro Copper-Gold-Iron Cobalt project in the Atacama region of Chile to Capstone Copper Corp. for aggregate consideration equal to US$25,000,000 in shares of Capstone. The transaction involves the divestment of approximately 16,555 hectares, roughly two-thirds of the San Pietro Project's land package, including the copper-focused Rincones and Colla deposits. After deducting transaction costs and taxes estimated to be approximately $6.55 million, the remaining proceeds will be used for corporate purposes and/or distributions to shareholders of NGE. Golden Arrow and SSA will retain ownership of over 9,000 hectares of the San Pietro concessions, focusing on prospective gold targets. Approximately 32.49% of Golden Arrow's common shares are subject to voting support agreements in favor of the transaction. The transaction is subject to approval by Golden Arrow shareholders, the TSXV, and the TSX, and closing is expected by the end of Q3 2026. The company projects that proceeds from the transaction are expected to fund an expanded exploration program on the retained gold targets.
(TSXV: WPG) (OTCQX: WPGCF) West Point Gold Corp. announced results from hole GC26-148 at its flagship Gold Chain Project in Arizona, which intersected 66.2 metres of 6.57 grams per tonne gold from 219m, including 20.7m of 18.25 g/t Au. The NE Tyro Zone's high-grade mineralization has now been extended to more than 250m below surface, and the zone remains open at depth and along strike. The results reported comprise 318.8m of the recently completed 21,079m drill program, with results from 21 holes representing 6,550m still pending. Hole GC26-148 is among the broadest (true width) and highest-grade intercepts drilled at NE Tyro, with an estimated true width of about 35m. There are 7 additional holes with assays pending at this depth at NE Tyro, and results from these will be incorporated into the Company's upcoming Maiden Resource Estimate (MRE) later in 2026. Sample No. 2246 contains 1.73m at 62.7 g/t Au. The company projects that deeper drilling at Tyro will resume with the funded Fall 2026 to Spring 2027 drill program.
(TSXV: CBR) (OTCQX: CBGZF) Cabral Gold Inc. announced results from reconnaissance core drilling at the Mutum target within the Cuiú Cuiú Gold District, Brazil. Drill hole DDH387 returned 20.7m @ 1.6 g/t gold from 131.4m depth, including 2.5m @ 5.7 g/t gold from 146.0m depth, and 11.5m @ 0.42 g/t gold from surface. Additional holes such as DDH381 returned 7.5m @ 0.40 g/t gold and DDH383 returned 4.3m @ 0.58 g/t gold. The company holds a 100% interest in the Cuiú Cuiú gold district, which 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, as well as 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. The gold-in-oxide blanket at PDM is now believed to cover over 40 hectares versus the previously known extent of 26 hectares. The Tapajós Gold Province, where Cuiú Cuiú is located, historically produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995, with Cuiú Cuiú itself producing an estimated 2Moz of placer gold.
(TSXV:ROCK) Trident Resources Corp. announced inaugural assay results from eleven diamond drill holes completed during the 2026 winter drill program at the Preview South West Deposit, part of the Company's Contact Lake Gold Project in northern Saskatchewan. Hole PR26004 returned 1.32 g/t gold (Au) over 132.0m from 22.00m, including 2.85 g/t Au over 40.32m from 22.00m and 101.00 g/t Au over 1.00m from 37.00m. The summer 2026 drill program has recently commenced and will continue into the fall with an anticipated +20,000m of additional drilling. The Preview Trend spans over 7.0km and hosts the Preview SW and Preview North deposits, which together contain over 350,000 oz Au in the Indicated category and 540,000 oz Au in the Inferred category. The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au between 1994 to 1998. Trident reports approximately $26 million in cash on its balance sheet. The company projects significant additional high-value resource growth opportunities exist across all of its assets, and that the Contact Lake Gold Project represents one of the most compelling development opportunities in the La Ronge Gold Belt.
(TSXV: LVG) (OTCQB: LVGLF) Lake Victoria Gold Ltd. announced the completion of a sterilization drilling program at its Imwelo Gold Project in the Geita Region of Tanzania, with a total of 23 sterilization holes drilled for a total of 1,136 m across two infrastructure footprints. The program confirmed that the proposed process plant and accommodation/man-camp footprints are clear of significant gold mineralization, allowing construction to advance without sterilizing potential mineralization. Drilling intersected a continuous clay horizon approximately 3-5 m thick across the plant area, providing useful geotechnical input for foundation and civil design. The company holds a 100% interest in the Tembo project, which has over fifty thousand meters of drilling and is located adjacent to Barrick's Bulyanhulu Mine, and also holds a 100% interest in the fully permitted Imwelo Project. Management, directors, and partners own more than 60% of the shares. Taifa Group has entered into an agreement to obtain an equity stake in the company, and Taifa Mining will conduct all contract mining and civil works for the Imwelo project. The company projects continued construction build-out, including access-road upgrade, site clearing, and accommodation-camp installation, and advancement of the EPCM structure and continued procurement for Phase 1 infrastructure.
(ASX:GML) Gateway Mining has confirmed a large-scale gold-silver system from initial aircore drilling at the Great Western target within its Yandal gold project in Western Australia. Bottom-of-hole geochemical results have defined a gold-mineralised doleritic unit over approximately 4 kilometres of strike at the Great Western flexure zone. The company has mapped a broader hydrothermal system that can now be traced over about 10km of strike. Numerous shallow bottom-of-hole intercepts were reported, including 1 metre at 2.5 grams per tonne gold from 36m. Significant silver was intersected, including high-grade results of 1m at 89g/t silver from 33m, 1m at 78g/t silver from 11m, and 1m at 72g/t silver from 23m. Gateway reported $15.7 million in cash and $5.6m in liquid securities at the end of the March quarter. The company projects moving into targeted reverse circulation (RC) drilling later this week, with a second RC rig expected to join early next quarter and plans for 2026 exploration.
(TSX: ABRA) (OTCQX: ABBRF) AbraSilver Resource Corp. announced the results of its Definitive Feasibility Study (DFS) for the Diablillos silver-gold project, outlining a stand-alone 9,000 tonnes per day processing operation. The DFS reports an after-tax NPV 5% of $3.0 billion (CAD$ 4.2 billion), a 41.9% IRR, and a 1.7-year payback at base-case metal prices of $50.00/oz silver and $3,650/oz gold, with initial capital expenditures of $722 million (including $98 million contingency) and sustaining capital of $520 million. Average annual production is projected at 20 Moz silver equivalent during the first five years, and 10 Moz AgEq over a 25-year mine life, with low all-in sustaining cash costs (AISC) of $20/oz AgEq. Proven and Probable Mineral Reserves are estimated at 77.9 Mt grading 146 g/t AgEq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), with average LOM recoveries of 80.3% for silver and 87.2% for gold. The company targets first production before year-end 2029, subject to a final investment decision expected in Q2 2027, and is advancing a Phase 2 heap leach expansion and plant capacity growth, with a Heap Leach PEA expected before the end of June 2026. The DFS incorporates the Argentinian RIGI regime, with a 25% corporate income tax, 1.2% municipal taxes, 1.6% stamp tax, 3% provincial mining royalty, and 0% export duties, and a 1% NSR royalty payable to Elemental Royalty Corporation.
(CSE: WBGD) Waraba Gold Limited announced that a portion of the aggregate quarterly management fee payment obligation in the amount of US$61,560 will be settled in common shares beginning on June 30, 2026. The company and management will also settle accrued management fees for the stub period from March 12, 2026 to March 31, 2026, in the amount of US$12,817.97 through the issuance of common shares. The number of common shares issuable for each payment will be determined on the applicable settlement date using a pricing formula based on the greater of the 10-day volume weighted average trading price on the CSE, the minimum price permitted under CSE policies, and C$0.05. Waraba Gold Limited granted an aggregate of 2,000,000 stock options to a consultant, each exercisable to acquire one common share at an exercise price equal to the greater of C$0.05, the closing market price on the CSE on the trading day immediately preceding the press release date, and the closing market price on the CSE on the press release date. The options expire on the five-year anniversary of the options issuance date and vest immediately. The company expects that the related party transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the common shares being settled will not exceed 25% of the company's market capitalization. The common shares and options are subject to a four month and one day hold period pursuant to CSE policies and applicable securities laws.
(TSXV:AURO) Auro Metals Inc. announced the assay results of the first three drill holes from the 2026 Phase I Drill Program at its 100%-owned Santa Barbara Gold-Copper Project located in the Zamora-Chinchipe Province in southeastern Ecuador. Drillhole DSB-54 intersected 705.7 metres grading 0.61 grams per tonne gold and 0.1% copper from surface, including 235m grading 0.97 g/t Au and 0.11% Cu from surface. Drillhole DSB-55 intersected 246m grading 0.56 g/t Au and 0.09% Cu from surface, including 155.5m grading 0.73 g/t Au and 0.11% Cu from 31.5m. Drillhole DSB-56 intersected 134m grading 0.67 g/t Au and 0.09% Cu from surface, and 24m grading 0.89 g/t Au and 0.07% Cu from 164.5m. The Santa Barbara Project comprises Indicated resources of 29.8 million tonnes grading 0.73 g/t gold and 0.10% copper containing 697,000 ounces gold and 68 million pounds copper, and Inferred resources of 205.7 million tonnes grading 0.52 g/t gold and 0.09% copper containing 3,418,000 ounces gold and 426 million pounds copper. The company plans to dovetail into a planned Phase 2 Drill Program designed to continue expanding the known system and to test new targets nearby. Assay results for 9 more holes are pending and 4 rigs are turning at site.
(CSE: BOOM) Galloper Gold Corp. announced that the pre-season construction and renovation phase of Galloper's exploration program is approaching maturation with the Kettle Pond Camp nearing completion for operations as the basecamp for exploration on Glover Island. The 2026 Glover Island exploration program is targeting up to 7000m of drilling on Glover Island. All major upgrades including new electrical capacity which include 3 new generators at 75kw capacity will be online within the next week. The property comprises 466 mining claims on 13 mineral licences covering 117.21 sq/km (11,721 Ha). Historic exploration activities from 2010 onwards led to the 2012 Lunch Pond South Extension Mineral Resource Estimate, and the LPSE 2026 Gold Resource is wholly controlled by Galloper Gold Corp. Galloper intends a robust drilling program in 2026, with mobilization operations for equipment to begin in short order in a staged and cost-effective process. Once operational, Galloper intends to significantly increase the resource of the LPSE Deposit building on the recent and substantial update - the 2026 LPSE MRE.
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(ASX:AX8) Accelerate Resources has moved quickly to follow up the Spencers gold. No specific dollar amount, quantity, or metric is disclosed in the provided text. The announcement references the Spencers gold, but does not provide figures such as revenue, production volumes, grades, tonnage, financing amounts, dates, percentages, or named counterparties. No forward-looking claims, targets, projections, or expectations are included in the provided text. No additional disclosed facts are present in the source text.
(ASX:IND) Industrial Minerals (ASX:IND) has further confirmed the potential of its Laverton gold project. The announcement references the Laverton gold project and states that the company has confirmed its potential. No specific figures, dollar amounts, production volumes, grades, tonnage, financing amounts, or counterparties are disclosed in the provided text. The only concrete fact is the confirmation of potential at the Laverton gold project. The company projects further potential at the Laverton gold project. No additional disclosed facts are present in the source text.
(TSXV: GR) Great Atlantic Resources Corp. announced that its wholly-owned subsidiary, Golden Promise Mines Inc., has commenced its targeted 2026 Phase II trenching program at the Company's 100% owned Golden Promise Property, central Newfoundland. Up to five trenches are planned during this 2026 Phase II trenching program with planned maximum trench lengths of 150 meters. Gold geochemical anomalies (soil and rock samples) are reported in this target area, including two quartz vein float samples reported to return gold values of 168 parts per billion (ppb) and 109 ppb, and a siltstone float sample reported to return 431 ppb gold (0.431 grams / tonne). Anomalous soil samples from this target area included a sample reported to return 194 ppb gold. The 2026 Phase II trenching program is being conducted approximately 2 kilometers northwest of the Otter Brook gold occurrence. The Golden Promise Property is located approximately 50 kilometers northeast of the Valentine Gold Mine of Equinox Gold Corp. The company projects further updates as results become available.
(CSE: TAUR) Taurus Gold Corp. announced the adoption of a semi-annual financial reporting (SAR) framework, effective immediately. The company’s fiscal year ends on July 31, and under the SAR framework, Taurus will be exempt from filing interim financial reports and related MD&A for its first and third quarters as long as it meets eligibility criteria under CBO 51-933. Taurus will not file an interim report for the third quarter (Q3) ending April 30, 2026 and for the first quarter (Q1) ending October 31, 2026. The company will continue to file audited annual consolidated financial statements due within 120 days of July 31, 2026, and six-month interim financial reports due within 60 days of January 31, 2027. Taurus confirms it meets the pilot program's eligibility criteria, including being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. Taurus Gold holds a 51% interest in the Charlotte gold-silver property in the Yukon, which covers approximately 23 square kilometres. The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102.
(TSXV: RZL) (OTCQB: RZOLF) RZOLV Technologies Inc. announced that its wholly owned operating subsidiary, Innovation Mining Inc., has completed its first research and development project supported by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). Innovation Mining received advisory services and funding from NRC IRAP to support a research and development project focused on the Company's proprietary RZOLV™ non-cyanide gold extraction technology. The completed work included bench-scale evaluation of electrochemical regeneration, reagent-management approaches, and process-control conditions. As a result of the project, the Company has expanded its internal technical capabilities through the addition of two full-time employees to its laboratory team. The project generated internal technical information to support continued process development but did not include commercial-scale demonstration or a determination of commercial performance. The Company intends to continue development work through Innovation Mining, including further technical validation, process optimization, pilot-scale activities, and strategic commercial engagement related to the RZOLV technology platform. The Company acknowledges the support of NRC IRAP.
(TSXV:ENDR) Enduro Metals Corporation announced its planned 2026 exploration program at the company's 100%-owned Newmont Lake Project, located in British Columbia's Golden Triangle. The 2026 program will focus on the Andrei copper-gold porphyry target, with an initial phase one 3,000 metre diamond drill program and mobilization of the drill rig expected by July 2026. The drill program will comprise up to seven drillholes, each up to 500 metres in length, for a minimum of 3,000 metres, targeting coincident chargeability and magnetic geophysical anomalies. The company will also undertake an expanded induced polarization (IP) geophysical survey, as well as geological mapping and sampling at the FK and Southmore targets, and prospecting at the Camp Zone. The Newmont Lake Project covers 688 square km and includes five large target areas, with historical drilling at the Camp Zone returning intercepts of up to 43.9 g/t Au over 2.7 metres and sampling in 2025 returning up to 113 g/t Au with 142 g/t Ag. The company projects that drill testing of Andrei is expected to begin in July 2026 and that the 2026 program is fully funded. Enduro's 2025 sampling at Andrei found that 25% of rock samples exceeded 0.1% copper.
1d ago(CSE: MLM, OTC: MLMLF) McFarlane Lake Mining Limited announced further results from its diamond drilling exploration campaign at its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern part of the Abitibi Greenstone Belt. Drilling at the Golden Lake Zone has extended the mineralized envelope south of and below the current resource pit shell, with Hole GL26-84 intersecting 155 m of 0.59 g/t gold, including 75.8 m of 0.70 g/t gold, and Hole GL26-85 intersecting 92.7 m of 0.64 g/t gold. The Juby Gold Project hosts a current (effective September 29, 2025) NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes) and 3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). A sensitivity analysis at a gold price of US$3,750 per ounce resulted in an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes) and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes). The company is planning a preliminary economic assessment later this year and expects to extract a 50,000-tonne bulk sample in 2027. McFarlane is currently working to update its Mineral Resource Estimate, with a new MRE expected within the next 3 to 4 weeks. Additional holes at Golden Lake have been completed and are awaiting assays, and follow-up drilling has resumed at the 826 Zone.
1d ago(TSX:GTWO; OTCQX:GUYGF) G2 Goldfields Inc. announced that the Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with the Company’s plan of arrangement involving G2, G Mining Ventures Corp., and G3 Goldfields Inc. Under the Arrangement, G Mining Ventures Corp. will acquire all of the issued and outstanding common shares of G2. Holders of G2 Shares will receive 0.212 of a common share of G Mining Ventures Corp. and 0.5 of a common share of G3 Goldfields Inc. for each G2 Share held as of the close of business on the business day immediately prior to the Effective Date. The Arrangement also includes the spin-out of G3 Goldfields Inc. No specific dollar amounts, production volumes, or revenue figures are disclosed in the announcement. The company projects completion of the Arrangement and Spin-Out as described.
1d ago(TSXV: OMG) (OTCQB: OMGGF) Omai Gold Mines Corp. announced results from its first phase of metallurgical testwork on the Wenot and Gilt deposits at its 100% owned Omai Gold Project in Guyana, South America. High gold extraction was achieved with 93% gold extraction at 1.0 g/t Au and up to 95% at 3.2 g/t Au, using a material grind size of 80% passing 75 microns. The April 14, 2026 Mineral Resource Estimate (MRE) reported Wenot Indicated MRE increased 49.8% to 1,453,000 ounces of gold at an average grade of 1.59 g/t Au in 28.4 million tonnes, and Wenot Inferred MRE increased 7.6% to 3,999,000 ounces at 1.35 g/t Au in 92.4 million tonnes. Gilt's Inferred MRE increased 120% to 1,465,000 ounces averaging 3.22 g/t Au in 14.2 million tonnes, while the Indicated MRE decreased by 9.5% to 1,042,000 ounces at 3.33 g/t Au in 9.7 million tonnes. The company has completed five NI43-101 Mineral Resource Estimates, each being successively larger, and five diamond drills are well advanced on a 50,000m program for 2026. The company projects delivering the Preliminary Economic Assessment (PEA) in the next 4 to 6 weeks and plans an updated PEA for Q3 2026 to include the expanded Wenot open pit and Gilt underground deposits. The Omai Gold Mine produced over 3.7 million ounces of gold from 1993 to 2005, and the site benefits from existing infrastructure including an on-site airstrip and road connections to Georgetown and Linden.
1d ago(TSX: SVM) Silvercorp Metals Inc. announced a budget of US$196.3 million for Chaarat ZAAV CJSC ("ZAAV"), covering the development of Tulkubash (Phase 1) and initial expenditures for Kyzyltash (Phase 2). The forecast spending for 2026 is US$57 million and for 2027 is US$139 million. ZAAV is a joint venture with Silvercorp holding a 70% interest and Kyrgyzaltyn holding a 30% free-carried interest, and holds a 100% interest in the mining license (~7 km 2 ) for the Tulkubash/Kyzyltash gold projects and 27.42 km 2 of surrounding exploration licenses in the Tien Shan area of the Kyrgyz Republic. The Phase 1 development includes a 4 million tonnes of oxidized ore per year open-pit mine/heap leach operation, with a total Phase 1 budget of $166.3 million and Phase 2 drilling and studies budgeted at $30 million. The Tulkubash project design is based on Bankable Feasibility Studies completed in 2018, localized in 2020, and improved in 2021, with an updated feasibility study expected to be completed by July 2026. The company projects to conduct a 50,000 to 60,000 metre drilling program at Kyzyltash in 2026 and a further 60,000 m of drilling in 2027, with a total annual budget of $15 million each year.
1d ago(TSXV:NICU) (OTCQX:MGMNF) Magna Mining Inc. announced results from ongoing exploration and provided an update on activities at the past-producing Levack Mine, located in the North Range of the Sudbury Basin, Ontario, Canada. Recent drilling in the R2 Footwall Zone intersected significant copper-rich massive sulphide veins, including 9.4% Cu, 2.3% Ni, 28.7 g/t Pt+Pd+Au, and 52.9 g/t Ag (29.7% CuEq) over 3.4 metres from 958.2 metres down hole in hole MLV-26-14A W2. Additional highlights include 22.5% Cu, 1.4% Ni, 49.9 g/t Pt+Pd+Au, and 135.0 g/t Ag (43.9% CuEq) over 1.1 metres in hole MLV-26-14A W3, and 26.2% Cu, 0.1% Ni, 19.8 g/t Pt+Pd+Au, and 82.0 g/t Ag (30.4% CuEq) over 0.4 metres in hole MLV-26-41. Fourteen drillholes have targeted the R2 Footwall Zone to date, all intersecting copper and precious metals-rich mineralization. The company’s common shares will begin trading on the Toronto Stock Exchange (TSX) at market open on Tuesday, June 23, 2026, and will be delisted from the TSX Venture Exchange at that time. Magna Mining projects a restart decision for Levack Mine in the second half of 2026 following completion of the Levack Preliminary Economic Assessment (PEA) in Q3.
1d ago(TSXV: ZAC | OTCQB: ZCTSF) Zacatecas Silver Corp. announced an increase in the updated Mineral Resource Estimate at the Esperanza Gold Project, effective April 6, 2026. The updated Pit-Constrained Measured & Indicated Mineral Resource is 45.4 Mt @ 0.79 g/t AuEq (0.76 g/t gold and 8.5 g/t silver) for 1.15 Moz AuEq (1.11 million ounces gold and 12.37 million ounces silver), representing a 21% increase in M&I AuEq ounces and a 49% increase in M&I tonnes versus the December 2022 MRE. The Inferred Mineral Resource is 11.2 Mt @ 0.57 g/t AuEq (0.53 g/t gold and 11.2 g/t silver) for 206 koz AuEq (190 thousand ounces gold and 4.02 million ounces silver), with tonnes up 28% versus the prior MRE. The Measured Mineral Resource category is 12.85 Mt @ 0.89 g/t Au, representing the most densely drilled and near-surface material. Metallurgical work supports 75% gold and 25% silver recoveries via heap leach, with a low 0.13 g/t AuEq cut-off. The company projects that the PEA will aim to quantify a low-capex and lower-cost operation, with mineralization remaining open at depth and along strike.
2d ago(TSXV: RDS) (OTCQX: RMRDF) Radisson Mining Resources Inc. announced new assay results from its 100%-owned O'Brien Gold Project located in the Abitibi region of Québec. The company reported that drill hole OB-26-378W3 intersected at least five separate zones of classic O'Brien gold mineralization at 1,720 metres vertical depth, with highlights including 4.06 g/t Au over 13.1 metres, 23.79 g/t Au over 1.0 metre, and 8.43 g/t Au over 4.2 metres. OB-26-385W3 intersected 178.69 g/t Au over 1.1 metres and 20.93 g/t Au over 1.0 metre, while OB-26-377W5 returned 7.00 g/t Au over 4.3 metres including 25.42 g/t Au over 1.0 metre. The ongoing step-out drill program was expanded in October 2025 to 140,000 metres with eight drill rigs currently active. The March 2026 Mineral Resource Estimate utilizes a 2.20 g/t Au bottom cutoff, a US$2,500 gold price, a minimum mining width of 1.2 metres, and a 60 g/t Au upper cap on individual assays. The company projects that significant exploration potential exists to depths of 2.5 kilometres and that such mineralization might reasonably be expected to be developed. The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au and over a vertical extent of at least 1,000 metres.
2d agoGold Bulletin
Tuesday, 23 June 2026
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