The Gold Report - Streetwise Exclusive Articles Full Text

The Gold Report - Streetwise Exclusive Articles Full Text https://www.theaureport.com/ Investment coverage of gold, silver, uranium and other precious metals. copyright 2012, Streetwise, Inc. Decade Resources Hits Porphyry at Bonaparte, President of Co. Highlights Large System Potential https://www.streetwisereports.com/article/2026/10/16/decade-resources-hits-porphyry-at-bonaparte-president-of-co-highlights-large-system-potential.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/decade-resources-hits-porphyry-at-bonaparte-president-of-co-highlights-large-system-potential.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Decade Resources Ltd. (DEC:TSX.V; DECXF:OTCPK) updated investors on Bonaparte drilling success, with porphyry intersected in every bedrock hole.<a href="https://www.streetwisereports.com/pub/co/11512?utm_medium=feed" target="_blank" rel="noopener">Decade Resources Ltd. (DEC:TSX.V; DECXF:OTCPK)</a> continues to investigate a potentially extensive copper-gold porphyry system at its Bonaparte property in British Columbia, where drilling has intersected porphyry-style intrusions and alteration in every hole that reached bedrock. In an October 12, 2026, interview with <a href="https://www.youtube.com/watch?v=Wz3ecJsg-sg" target="_blank" rel="noopener">RocksAndStocksNews</a>, President Ed Kruchkowski discussed the ongoing drill program, geological observations from the core, and plans to refine targets as additional data becomes available. <h2>Key Takeaways</h2> <div> <div> <ul> <li>Decade Resources has intersected porphyry-style intrusions, alteration, quartz veining, and sulfides across multiple drill holes at its Bonaparte property in British Columbia.</li> <li>Drilling and surface sampling suggest the porphyry system may extend more than 2 km (kilometers) wide, with additional areas remaining untested.</li> <li>Soil sampling has identified anomalous copper, molybdenum, and gold, while further drilling and assays will help define the extent and grades of mineralization.</li> <li>The company is also investigating historic gold-bearing quartz veins and altered surrounding rock, with gold values yet to be confirmed through current assays.</li> <li>Copper demand is projected to rise as data centers, electrification, and power infrastructure expand, while supply constraints and U.S. tariff policy continue to influence the market.</li> <li>Upcoming catalysts include assay results, completion of current drilling, and decisions on follow-up drilling and geophysical surveys.</li> </ul> </div> </div> <h2>Drilling Expands Understanding of the Porphyry System</h2> In the interview, Kruchkowski said Decade has begun evaluating Bonaparte's historical induced polarization (IP) surveys, which identified a large chargeability anomaly that subsequent drilling has shown to contain both sulfide-bearing sedimentary rocks and a substantial porphyry intrusion. The company's first hole entered porphyry-style mineralization, and subsequent drilling has revealed extensive alteration, quartz veining, and sulfides. DDH-BN-6, located approximately 1.2 km southwest of DDH-BN-2, has encountered porphyry intrusions interbedded with intensely altered rocks. Kruchkowski described finding pinkish, strongly altered intervals containing quartz veins and sulfides, with some features resembling those observed in the property's historic discovery area. The company has also identified multiple intrusive phases, including diorite, quartz diorite associated with the porphyry system, and finer-grained intrusive rocks. Kruchkowski said the sequence may be important because earlier intrusions can fracture surrounding rock and create pathways for later intrusions and mineralizing fluids. Drilling has encountered chalcopyrite, molybdenite, and calcite, alongside potassic alteration and hydrothermal breccias. Kruchkowski described the observations as encouraging but emphasized that the company needs assay results to establish metal grades and better understand the distribution of mineralization. The drilling and surface work have helped Decade refine its interpretation of the system's boundaries. Kruchkowski said drilling south of holes five and six encountered less alteration, helping the team establish part of the system's southern edge. He identified areas east of DDH-BN-6 and DDH-BN-2 as priorities for further investigation, noting that surface rocks in that direction resemble material encountered in the drill core. So far, the company has collected around 1,300 soil samples and additional rock samples to investigate possible mineralized zones beneath basalt cover. Initial soil sampling has identified anomalous copper, molybdenum, and gold occurring together in some samples south of the current drilling area. Kruchkowski said the company is evaluating these results as part of a broader effort to identify additional mineralized centers. He also discussed the possibility that the known porphyry system extends beyond the limits of the original IP survey. The current interpretation suggests a system more than 2 km wide, although significant areas remain untested. Surface observations and geochemical sampling may help guide exploration beyond the areas covered by historical geophysical work. <h2>Historic Gold Veins Add Another Exploration Dimension</h2> Although the current program is focused on the porphyry target, Kruchkowski said the relationship between the intrusive rocks and the property's historic gold-bearing quartz veins remains an important area of investigation. He described two generations of quartz veins: earlier white quartz veins that generally appear barren, and later gray, translucent quartz veins containing sulfides. The latter have been observed in DDH-BN-6 and, to a lesser extent, in DDH-BN-2. However, the gold content of these veins has not yet been established through assays. Kruchkowski also noted that gold mineralization in the historic mine area was not confined to quartz veins. Previous work identified gold values in silicified porphyry, fault zones, and altered wall rock. He said the previous operator primarily assayed quartz veins, leaving uncertainty about the metal content of the surrounding rock. Decade's approach is to assay the core more comprehensively to improve its understanding of the mineralized system. <h2>Copper & Gold Market Movements</h2> Demand for copper is expected to grow as investment in data centers, power grids, electric vehicles, and defense applications expands. A 2026 study from <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">S&P Global</a> projected that global copper demand will increase from approximately 28 million metric tons in 2025 to 42 million metric tons by 2040, a rise of about 50%. The study identified core economic activity and the transition to new energy sources as the largest contributors to additional demand, while AI data centers and defense represent emerging growth drivers. Supply growth remains a key consideration as demand increases. In a separate <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/the-copper-conundrum-why-meeting-ai-era-electrification-demands-is-a-race-against-time" target="_blank" rel="noopener">January 2026 report</a>, S&P Global warned that the copper market could face a shortfall of approximately 10 million metric tons by 2040 without significant additions to global supply. The report projected that mined copper production could peak around 2030 before declining as existing mines age, with recycled copper meeting only part of the additional demand. The International Energy Agency also tracks copper as a critical mineral, with its 2026 Critical Minerals Data Explorer providing updated demand projections under multiple energy and technology scenarios. U.S. trade policy has also influenced copper markets and inventories. On April 2, 2026, the White House modified <a href="https://www.whitehouse.gov/presidential-actions/2026/04/strengthening-actions-taken-to-adjust-imports-of-aluminum-steel-and-copper-into-the-united-states" target="_blank" rel="noopener">the Section 232 tariff regime for copper</a>, among other metals, so that applicable duties would generally be assessed on the full customs value of covered products rather than only their metal content. The proclamation established additional duties ranging from 10% to 50%, depending on the product, its origin, and its treatment under the applicable provisions. <blockquote class="callOut left">Bob Moriarty of 321gold.com said, "Actual assays coming soon will move the needle."</blockquote> The tariff changes have contributed to unusual flows of copper into the United States. <a href="https://www.reuters.com/business/us-tariff-threat-upends-copper-surplus-prices-test-all-time-peak-2026-08-25/" target="_blank" rel="noopener">Reuters</a> reported in August 2026 that U.S. copper imports reached 885,000 metric tons during the first half of the year, while COMEX inventories climbed to a record 675,185 tons as traders responded to the prospect of future tariffs on refined copper. Meanwhile, copper prices on the London Metal Exchange approached record levels, illustrating how tariff expectations have affected the distribution of available metal even as the global market remains sensitive to supply disruptions and demand growth. Domestic copper supply remains another consideration for the U.S. market. The U.S. Geological Survey's <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-copper.pdf" target="_blank" rel="noopener">2026 Mineral Commodity Summaries</a> estimated U.S. mine production at approximately 1 million metric tons in 2025, down from 1.05 million metric tons in 2024, while refined copper production was estimated at 850,000 metric tons. The USGS also added copper to the U.S. critical minerals list in 2025. Gold markets have also experienced significant price volatility in 2026. On October 16, gold futures were trading near US$4,200 per ounce following a rebound supported by a weaker U.S. dollar and declining Treasury yields. Prices remained below their January highs, as shifting interest-rate expectations and inflation concerns continued to influence investor sentiment. <a href="https://www.wsj.com/finance/commodities-futures/gold-falls-as-investors-await-fed-chairmans-remarks-f12f0c32" target="_blank" rel="noopener">The Wall Street Journal</a> reported the latest price movement, highlighting the influence of bond yields and currency fluctuations on the precious metal. Despite the recent pullback, longer-term gold demand remains supported by investment activity and central-bank purchases. The <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026" target="_blank" rel="noopener">World Gold Council's Q2 2026 report</a> put first-half global gold demand at 2,522 metric tons, up 2% year over year, with the value of demand reaching a record US$380 billion. The organization identified investment demand as a principal driver for the remainder of 2026, while noting that elevated prices continued to weigh on jewelry consumption and that mine production and recycling offered limited potential for supply growth. <h2>Moriarty Expects Stock to Move</h2> On October 8, 2026, Bob Moriarty of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a> addressed some of the October results, writing, "For investors who have waited patiently for drilling, Decade has drilled and hit at the Bonaparte porphyry copper target in Northern BC. Based on visual inspection of the core from the completed holes, it appears Decade had hit their target with porphyry material discovered in holes spaced 1.2 km apart. A few shareholders who belong to the 'buy the rumor, sell the news' team are holding the stock price down, but actual assays coming soon will move the needle." At the time of writing, Decade's stock is trading at CA$0.13 per share. [OWNERSHIP_CHART-11512] <h2>Next Drilling Steps Depend on Results and Conditions</h2> At the time of the interview, Decade was working to complete DDH-BN-6 and considering drilling another hole between DDH-BN-2 and DDH-BN-6 at a steeper angle. Kruchkowski said the team would weigh the cost and information gained from extending the existing hole against the potential benefits of testing a new location. He also described drilling challenges associated with faulted and highly broken rock, which can slow progress and increase wear on equipment. Laboratory turnaround times have added another constraint, with some assay results taking several months. The company plans to use the combined drilling, geochemical, and geological data to refine its model and determine subsequent exploration priorities. Further work could include additional geophysical surveys after the drill results are incorporated into the geological interpretation. Kruchkowski said the team is also collecting samples for thin-section studies to better understand the sequence and timing of intrusive and mineralizing events. <h2>Ownership & Share Information1</h2> Decade Resources Ltd. has a market cap of CA$37.74 million, with 268.65 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.21. Institutions own 3.39% of shares, while Management & Insiders own 10.17%. <h2>Frequently Asked Questions</h2> What did the latest drilling show at Bonaparte? Five holes totaling 2,000 m intersected porphyry in every bedrock-reaching hole, with DDH-BN-6 in potassic rock with chalcopyrite and breccia; assays pending. How does the video interview add context? The RocksAndStocksNews discussion with Ed Kruchkowski explains the alteration zonation, multi-stage intrusions, and similarity to the discovery area veins in the porphyry model. What is the size of the target? The system along Cooler Creek appears more than 2 km wide, associated with a 3 x 4 km IP anomaly that is mostly untested. When are assay results expected? Results from the current holes and soil sampling are pending and will be released as available. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Decade Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Decade Resources Ltd. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32819"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32819" width="0" height="0"> ( Companies Mentioned: DEC:TSX.V;DECXF:OTCPK, ) Fri, 16 Oct 2026 00:00:00 PST First Majestic Silver Hits Pause on NAFTA Fight as Mexico Tax Deal Takes Shape https://www.streetwisereports.com/article/2026/10/16/first-majestic-silver-hits-pause-on-nafta-fight-as-mexico-tax-deal-takes-shape.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/first-majestic-silver-hits-pause-on-nafta-fight-as-mexico-tax-deal-takes-shape.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) and Mexico have agreed to a framework to settle a long-running tax dispute, putting the company's NAFTA arbitration on hold. Find out what one newsletter writer sees in the silver producer's latest results.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>First Majestic and the Government of Mexico have agreed in principle to a framework to settle a legacy tax dispute involving its subsidiary Primero, and the NAFTA arbitration has been suspended until Dec. 31, 2026.</li> <li>The company expects to finalize a settlement by year-end, with the option to extend the suspension into Q1 2027. The terms and amount have not been disclosed.</li> <li>The dispute dates to a 2010–2014 tax agreement at the San Dimas mine. Mexico's tax authority issued assessments totaling about US$260 million, including penalties and interest, for 2010 through 2012.</li> <li>First Majestic produced 3.4 million ounces of silver and 29,552 ounces of gold in Q3. A 12-day labor dispute at San Dimas weighed on output, while La Encantada's silver production rose 68% year over year.</li> <li>H.C. Wainwright maintained a Buy rating on Oct. 9 with a US$25.50 price target.</li> <li>The silver market is expected to post its sixth straight annual deficit in 2026, though silver remains well below its January record high.</li> </ul> <center> <h2>First Majestic, Mexico Reach Framework to End Tax Fight</h2> </center> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) and the Government of Mexico have agreed in principle to a framework to settle a long-running tax dispute involving its subsidiary Primero Empresa Minera, S.A. de C.V. (PEM), the company announced in an <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-temporary-suspension-of-nafta-arbitration-proceedings-as-settlement-framework-agreed-to-with-mexico" target="_blank" rel="noopener">October 13 release</a>. As a result, the NAFTA arbitration First Majestic brought against Mexico has been temporarily suspended. <center> <h2>A Year-End Deadline to Close the Deal</h2> </center> The two sides asked the tribunal hearing the case, known as the APA Arbitration, to suspend proceedings while they finalize and carry out the settlement. The tribunal issued an order suspending the case until Dec. 31, 2026. First Majestic and Mexico have been negotiating the legacy tax issue for several years, with significant progress this year. "The negotiations to date have been constructive and cordial," the company said. First Majestic expects to reach a final settlement by year-end. If more time is needed, the parties can ask the tribunal to extend the suspension into the first quarter of 2027. If no settlement is reached and neither side believes more time would help, the company will ask the tribunal to lift the suspension, and the arbitration will resume. The release did not disclose the terms or amount of the proposed settlement. <center> <h2>Clearing a Legacy Overhang</h2> </center> The dispute centers on an advance pricing agreement (APA) that set the tax basis for silver sold from PEM's San Dimas mine from 2010 to 2014, under a streaming agreement that predated First Majestic's 2018 purchase of Primero. Mexico's tax authority, the SAT, argued the company kept silver prices artificially low and calculated it owed more than US$500 million, <a href="https://www.mining-journal.com/esg/news/4071794/majestic-requests-arbitration-tax-dispute-mexico" target="_blank" rel="noopener">Mining Journal reported</a>, citing Reuters. The SAT issued assessments totaling about US$260 million for 2010 through 2012, including penalties and interest, which First Majestic challenged in court. After saying the government had refused to engage, the company filed for arbitration under Chapter 11 of NAFTA in March 2021. In July, First Majestic raised its 2026 guidance to 14.6 million to 15.5 million ounces of silver and 128,000 to 135,000 ounces of gold. The company is scheduled to report Q3 financial results on Nov. 5. <center> <h2>La Encantada Delivers 'Strong Performance'</h2> </center> In an <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/silver-stocks-hold-strong-8-updates/" target="_blank" rel="noopener">October 14 update</a> for The Silver Stock Investor, Peter Krauth noted that First Majestic produced 3.4 million ounces of silver and 29,552 ounces of gold in Q3 2026, "with output impacted by a 12-day labour dispute at its San Dimas mine." Krauth pointed to bright spots elsewhere in the portfolio. "La Encantada delivered a strong performance, increasing silver production by 68% year-over-year to 967,067 ounces, while Los Gatos continued advancing its mill throughput expansion and Santa Elena progressed toward its 3,500-tonne-per-day capacity target," he wrote. <blockquote class="callOut left">Scotiabank analyst Eric Winmill reiterated a Hold rating with a US$22.50 </blockquote> He added that the company completed about 78,475 meters of exploration drilling across its Mexican operations and at Jerritt Canyon in Nevada, "where restart preparations remain on track for production in the second half of 2027." First Majestic is also renewing its share buyback, he noted, allowing it to repurchase up to 10 million shares for cancellation over the next 12 months. Four analysts have weighed in on First Majestic Silver over the past two months, according to <a href="https://www.tipranks.com/stocks/ag/forecast" target="_blank" rel="noopener">TipRanks</a>, with three rating the stock a Buy and one a Hold. On October 14, Scotiabank analyst Eric Winmill reiterated a Hold rating with a US$22.50 price target, implying 5.93% upside. On October 9, H.C. Wainwright analyst Heiko Ihle reiterated his Buy rating while trimming his target to US$25.50 from US$27, still the highest on the list at 20.06% upside, and ATB Cormark Capital analyst Richard Gray reiterated a Buy with a US$21.13 target, slightly below the current price, implying 0.54% downside. On October 8, BMO Capital analyst Kevin O'Halloran reiterated a Buy rating with a US$24.65 target, implying 16.04% upside. <center> <h2>Silver's Shortage Story Outlasts the Selloff</h2> </center> Silver has pulled back from its January highs, but the forces behind its rally remain in place. The metal hit an all-time high of US$121.67 an ounce on Jan. 29, 2026, <a href="https://www.moneymetals.com/price/silver-price-all-time-high" target="_blank" rel="noopener">according to Money Metals</a>, and was trading at about US$56.75 on Oct. 15, still up about 9.5% from a year earlier, <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-thursday-october-15-2026-silver-prices-opened-at-the-lowest-level-since-july-112205964.html" target="_blank" rel="noopener">Yahoo!Finance reported</a>. The supply picture remains tight. The Silver Institute and Metals Focus expect the silver market to post a 46.3-million-ounce deficit in 2026, its <a href="https://mexicobusiness.news/mining/news/silver-heads-sixth-deficit-year-liquidity-risk-persists" target="_blank" rel="noopener">sixth straight year of shortfall</a>, with mine supply flat. Since 2021, the market has drawn 762 million ounces from above-ground stocks. Investors are stepping in, with coin and bar demand forecast to rise 18% this year. Gold has followed a similar path. After reaching a record US$5,598 an ounce in January, it traded at about US$4,140 on Oct. 14, <a href="https://fortune.com/article/current-price-of-silver-10-14-2026/" target="_blank" rel="noopener">Fortune reported</a>. Central banks used the dip to buy: they purchased a net 288.9 tonnes in Q2 2026, the most ever recorded for a second quarter, <a href="https://news.metal.com/newscontent/104042350-central-banks-buy-record-amount-of-gold-%E2%80%93-in-the-very-quarter-prices-fell" target="_blank" rel="noopener">according to World Gold Council data</a> compiled by Metals Focus. For producers like First Majestic, the pullback still leaves silver near levels that were record territory before this year's run.[OWNERSHIP_CHART-406] <center> <h2>Ownership and Share Information1</h2> </center> About 1.2% of First Majestic is owned by insiders and management, and about 53.21% by institutions. The rest is retail. Its market cap is US$7.52 billion with 493.08 million shares outstanding. It trades in a 52-week range of US$10.19 and US$32.04. <center> <h2>Common Questions from Investors</h2> </center> What is the status of First Majestic's tax dispute with Mexico? The company and the Government of Mexico have agreed in principle to a framework to settle the legacy tax issue involving Primero. The NAFTA arbitration is suspended until Dec. 31, 2026, while the two sides finalize the settlement. What happens if a settlement isn't reached by year-end? The parties can ask the tribunal to extend the suspension into Q1 2027. If no settlement is reached and neither side believes more time would help, First Majestic will ask the tribunal to lift the suspension, and the arbitration will resume. What is the dispute about? It centers on an advance pricing agreement that set the tax basis for silver sold from the San Dimas mine from 2010 to 2014 under a streaming agreement. Mexico's tax authority later challenged the agreement and issued reassessments, and First Majestic filed for NAFTA arbitration in 2021. How did First Majestic perform in Q3 2026? It produced 3.4 million ounces of silver and 29,552 ounces of gold. A 12-day labor dispute and lower grades hurt output at San Dimas, while La Encantada's silver production rose 68% to 967,067 ounces. The company also renewed its buyback of up to 10 million shares. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32817"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32817" width="0" height="0"> ( Companies Mentioned: AG:TSX; AG:NYSE; FMV:FSE, ) Fri, 16 Oct 2026 00:00:00 PST Energy Fuels Races to Fortify US Rare Earth Supply as FORTRESS America Takes Shape https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) is expanding its mine-to-magnet rare earth business as the Department of War's new FORTRESS America program puts supply chains in focus. Find out why one newsletter editor sees long-term value but is urging caution for now.<h2>Key Investor Takeaways</h2> <ul> <li>Terbium oxide from Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its NdPr and dysprosium oxides.</li> <li>The Department of War's FORTRESS America program, established Sept. 30, names supply-chain and defense-industrial base resilience as one of its five pillars, though it does not name specific materials, companies, or funding.</li> <li>On Oct. 13, Energy Fuels amended its roughly US$1.9 billion deal for German magnet maker VAC to add a purchase price adjustment tied to a customer dispute at VAC's South Carolina plant. The deal is expected to close in early 2027.</li> <li>The completed ASM acquisition added a South Korean alloy plant being expanded to 3,600 tonnes a year, while a US$104 million White Mesa expansion targets terbium and dysprosium commissioning in Q4 2027.</li> <li>Energy Fuels reported about US$996 million in working capital as of June 30, giving it room to fund acquisitions and expansions.</li> <li>Newsletter editor Chris Temple called Energy Fuels a "solid long-term" company but expects near-term share price weakness.</li> <li>Long-term uranium contract prices hit a record US$96 a pound in August, driven in part by rising power demand from AI data centers.</li> </ul> <h2>Energy Fuels Lines Up as FORTRESS America Targets Supply Chains</h2> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) is among the U.S. companies working to secure the critical materials the military depends on, as the Department of War launches its new FORTRESS America program, according to a release published by the <a href="https://investingnews.com/new-fortress-america-program-elevates-defense-supply-chain-resilience/" target="_blank" rel="noopener">Investing News Network</a>. The release noted that terbium oxide produced at Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its neodymium-praseodymium (NdPr) and dysprosium oxides. <h2>Washington Builds a Fortress Around Its Supply Chain</h2> The September 30 memorandum establishes FORTRESS America as a Department of War program built around five pillars: energy independence; supply-chain and defense-industrial base resilience; a strategic defense reserve; installation hardening and cyber resilience; and resilience in space and spectrum. The document directs the Under Secretary of War for Acquisition and Sustainment to stand up a Program Office within 30 days. It does not name specific materials, companies, or funding. Energy Fuels is one of several companies building domestic rare earth capacity. MP Materials Corp. (MP:NYSE) is developing a magnet campus in Northlake, Texas, with about 10,000 tonnes of annual NdFeB magnet capacity and commissioning set for 2028. USA Rare Earth Inc. (USAR:NASDAQ) completed its combination with Brazil's Serra Verde on September 3 and broke ground on a magnet plant in South Carolina on September 9. <h2>Energy Fuels Adds a Safety Net to Its US$1.9 Billion Magnet Deal</h2> Energy Fuels is also reworking the terms of its largest deal. On October 13, the company and German magnet maker Vacuumschmelze (VAC) signed a first amendment to their merger agreement. According to Energy Fuels' <a href="https://www.stocktitan.net/sec-filings/UUUU/8-k-energy-fuels-inc-reports-material-event-a236cc88543b.html" target="_blank" rel="noopener">Form 8-K filing</a>, it addresses "the potential settlement of such dispute, repayment of certain indebtedness and potential purchase price adjustments." The dispute involves e-VAC Magnetics LLC, VAC's U.S. affiliate, and a customer under a commercial supply agreement. VAC's plant in Sumter, South Carolina, was built to support that offtake agreement, and the filing said the plant "currently has available production capacity to support the existing offtake agreement in full." Energy Fuels' purchase price estimate assumes a reasonable settlement amount. If the dispute is resolved for less than that, "the difference will be compensated for via this price adjustment," the filing said. If the outcome is better, "the difference will accrue to VAC," which Energy Fuels will own after closing. The same filing showed VAC's revenue for the first half of 2026 at €211.5 million, up 34.8% from €156.9 million a year earlier. Energy Fuels <a href="https://pulse2.com/energy-fuels-to-acquire-vac-for-1-9-billion/" target="_blank" rel="noopener">announced the VAC deal on June 23</a>. Based on Energy Fuels' share price at the time, it is worth about US$1.9 billion in equity: US$718 million in cash plus 65.853 million new Energy Fuels shares. Energy Fuels will also assume about US$140 million of VAC's adjusted net debt. VAC is headquartered in Hanau, Germany, has more than 100 years of production experience, holds more than 400 patents, and serves more than 1,000 customers. Its Sumter plant has a capacity for 2,000 tonnes of permanent magnets a year, with a pathway to 12,000 tonnes. The deal is expected to close in early 2027, subject to regulatory approvals. The Department of War's Office of Strategic Capital has made a conditional <a href="https://kalkinemedia.com/us/news/announcements/energy-fuels-progresses-australian-strategic-minerals-acquisition-with-supplemental-filings-and-725m-department-of-war-financing" target="_blank" rel="noopener">US$725 million financing commitment</a> to support the planned acquisition. "This is a transformational moment for Energy Fuels and the global rare earth supply chain," President and CEO Ross Bhappu said when the deal was announced. <h2>Energy Fuels Tackles the Heavy Rare Earth Bottleneck</h2> On August 28, Energy Fuels <a href="https://pulse2.com/energy-fuels-completes-australian-strategic-materials-acquisition-as-ndfeb-alloy-capacity-targets-3600-tonnes-annually/" target="_blank" rel="noopener">completed its acquisition of Australian Strategic Materials</a> (ASM). The deal added the Korean Metals Plant in Ochang, South Korea, which can make about 1,300 tonnes a year of NdFeB alloy and is being expanded to 3,600 tonnes, with commissioning possible as early as the end of 2026. It also brought in the Dubbo critical minerals project in Australia. On July 29, the company <a href="https://www.kitco.com/news/off-the-wire/2026-07-30/energy-fuels-kicks-utah-rare-earth-expansion-boost-us-magnet-supply" target="_blank" rel="noopener">began construction on a US$104 million heavy rare earth expansion</a> at White Mesa. The expansion is designed to produce up to about 20 tonnes of terbium oxide and 120 tonnes of dysprosium oxide a year, along with samarium, europium, and gadolinium oxides. <blockquote class="callOut left">Chris Temple, editor and publisher of The National Investor, first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries."</blockquote> The terbium and dysprosium circuits are expected to be commissioned in Q4 2027. The mill can already produce up to 1,000 tonnes of NdPr oxide a year. "Heavy rare earth production is a severe pinch point in North American and European permanent magnet supply chains," Bhappu said. To feed White Mesa, Energy Fuels holds a 12.7% interest in the Donald Project in Australia, with an option to increase that to 49%. Donald is expected to supply 8,500 to 9,500 tonnes of monazite a year from 2028, subject to a final investment decision. The company is also developing its wholly owned Vara Mada project in Madagascar and the Bahia project in Brazil. A planned Phase 2 expansion would let White Mesa process 60,000 tonnes of monazite a year by 2029, raising capacity to 6,294 tonnes of NdPr oxide, 288 tonnes of dysprosium oxide, and 80 tonnes of terbium oxide a year. In its <a href="https://www.cruxinvestor.com/posts/energy-fuels-reports-second-quarter-of-2026-results-advances-western-mine-to-magnet-platform" target="_blank" rel="noopener">second quarter results</a>, Energy Fuels reported working capital of about US$996 million as of June 30. That included US$58.4 million in cash and US$878.3 million in marketable securities. It posted a net loss of US$33.6 million, which it attributed mainly to transaction costs and higher operating expenses. The company produced 865,000 pounds of finished uranium oxide in the quarter at a weighted-average cost of US$23 a pound and sold 310,000 pounds. <h2>Newsletter Editor Sees Long-Term Value, Near-Term Pain</h2> Chris Temple, editor and publisher of The National Investor, first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries." Temple said rare earth and uranium stocks have joined "the bloodletting of recent months," partly on doubts about "how fast they will realistically be profiting from real/imagined new data centers." Even so, he wrote, "Chronic supply shortages will get worse going forward," because the commitments needed to bring on new supply "STILL ARE NOT THERE IN SUFFICIENT MEASURE." He advised subscribers holding about 1% of their portfolio in Energy Fuels to "do nothing." "If you have 3-4% or more, especially, though, lighten up," he wrote. <h2>Other Newsletter Writers See Opportunity in the Selloff</h2> Shad Marquitz of Excelsior Prosperity called Energy Fuels "a very unique hybrid company" in an <a href="https://excelsiorprosperity.substack.com/p/critical-minerals-carnage-creates" target="_blank" rel="noopener">October 12 post</a>, noting it mines, produces, and processes both uranium and rare earths. "There really isn't another company positioned quite like Energy Fuels; in the rare earths, critical minerals, and uranium production and processing space," wrote Marquitz, who lists the stock among his key portfolio positions. Marquitz said the stock's slide since May, to a weekly close of US$9.96, is at odds with the company's improving fundamentals, and that the market "has been totally asleep" to the VAC and ASM acquisitions. The selloff "is a true market disconnect; one that can be exploited by savvy investors that are paying attention," he wrote. Chen Lin, who writes What Is Chen Buying? What Is Chen Selling?, did just that. "UUUU dropped below 10! I used the opportunity to add more here," Lin wrote on Oct. 12. "If you want to play safe, you can sell some upside calls as we did before." He added that the company is "aiming at 1 billion in cash flow by 2030." Gary Tanashian of Notes from the Rabbit Hole was more cautious <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed" target="_blank" rel="noopener">in an October 15 post</a>. He called Energy Fuels a "Uranium/REE combo" that produces uranium and vanadium and processes rare earths at operations in Colorado, Utah, Wyoming, and Arizona. "I like the 'combo' aspect and the fact that UUUU is taking growth initiatives," Tanashian wrote. He noted the stock was trading at US$9.27, down about 67% from its 2026 high of US$27.90, adding, "But at this time I am just watching and waiting." <h2>Uranium Contract Prices Hit Records as Power Demand Climbs</h2> Long-term uranium contract prices reached a record US$96 a pound in August, topping the previous cycle high from nearly two decades ago, according to Sprott Asset Management's Jacob White, the <a href="https://investingnews.com/uranium-forecast/" target="_blank" rel="noopener">Investing News Network</a> reported. Spot uranium ended the third quarter at US$89.50, up 4.17%. AI is a big driver. The International Energy Agency projected that data center power use will <a href="https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/041025-global-data-center-power-demand-to-double-by-2030-on-ai-surge-iea" target="_blank" rel="noopener">more than double to about 945 terawatt-hours by 2030</a>. Tech companies want steady, carbon-free supply: Alphabet Inc. Class A's (GOOGL:NASDAQ) Google signed a 20-year power deal with Constellation Energy Corp. (CEG:NASDAQ) tied to a US$4.3 billion upgrade of 11 nuclear units. The World Nuclear Association expects reactor demand for uranium to <a href="https://www.miningweekly.com/article/uranium-demand-set-to-surge-28-by-2030-as-nuclear-power-gains-momentum-wna-says-2025-09-05" target="_blank" rel="noopener">rise 28% by 2030 and more than double by 2040</a>, warning that "shortfalls could occur after 2030." New uranium projects typically take 15 to 20 years to develop, according to the 2026 Red Book. Policy adds pressure. A U.S. ban on Russian uranium, which supplied about 26% of U.S. needs in 2025, takes full effect Jan. 1, 2028, leaving domestic producers such as Energy Fuels well positioned.[OWNERSHIP_CHART-636] <h2>Ownership and Share Structure1</h2> About 1.29% of the company is owned by insiders and management, and about 75.67% by institutions. The rest is retail. Its market cap is US$2.98 billion with 264.73 million shares outstanding. It trades in a 52-week range of US$7.81 and US$27.90. <h2>Common Questions from Investors</h2> What is the FORTRESS America program, and how does it relate to rare earths? The September 30, 2026, memorandum created FORTRESS America as a Department of War program built around five pillars, including supply-chain and defense-industrial base resilience. It does not name specific materials, companies, or funding, but it puts a spotlight on domestic sources of critical materials such as rare earths. Why did Energy Fuels amend its VAC acquisition? The Oct. 13 amendment addresses a dispute between VAC's U.S. affiliate and a customer under a supply agreement for its Sumter, South Carolina, plant. If the dispute settles for less than Energy Fuels assumed, the purchase price will be adjusted to compensate; if the outcome is better, the gain accrues to VAC. How does Energy Fuels compare to peers like MP Materials? Energy Fuels is building an integrated chain, from oxide separation at White Mesa to alloy production in South Korea and, once the VAC deal closes, magnet manufacturing. MP Materials is developing a Texas magnet campus with about 10,000 tonnes of annual capacity, set for commissioning in 2028. What recent milestones has Energy Fuels achieved in rare earths? The company began construction on a US$104 million heavy rare earth expansion at White Mesa on July 29, completed the ASM acquisition on Aug. 28, and reported qualification of its terbium oxide by a Japanese magnet maker on Aug. 19. What does Chris Temple think of Energy Fuels? Temple rates the stock a Hold, calling it a solid long-term company but warning that share prices may weaken further. He advised subscribers holding 3% to 4% or more of their portfolio in the stock to lighten up. What is driving demand for uranium? Rising electricity demand from AI data centers, tech companies' power deals with nuclear operators, and a U.S. ban on Russian uranium that takes full effect in 2028. The World Nuclear Association expects reactor demand to rise 28% by 2030. What are the next catalysts for Energy Fuels? Key items include the Donald Project's final investment decision, closing of the VAC acquisition in early 2027, possible commissioning of the expanded Korean Metals Plant by the end of 2026, and terbium and dysprosium commissioning at White Mesa in Q4 2027. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Alphabet Inc. Class A.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32814"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32814" width="0" height="0"> ( Companies Mentioned: EFR:TSX; UUUU:NYSEAMERICAN, ) Thu, 15 Oct 2026 00:00:00 PST Nevada Gold Explorer Finds Geological Match to 15.7 Million-Ounce Gold Project, Prepares to Drill https://www.streetwisereports.com/article/2026/10/16/nevada-gold-explorer-finds-geological-match-to-15-7-million-ounce-gold-project-prepares-to-drill.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/nevada-gold-explorer-finds-geological-match-to-15-7-million-ounce-gold-project-prepares-to-drill.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) has more than doubled its Celts project claims after new geological findings linked the property to the mineralization period of AngloGold Ashanti's Arthur Gold Project.<div> <h2>Key Investor Takeaways</h2> <ul> <li>Nevada Gold Discovery Potential: Eminent Gold Corporation reported new geological evidence linking its Celts gold exploration project to the same mineralization period as AngloGold Ashanti's Arthur Gold Project, which has a reported gold endowment of approximately 15.7 million ounces.</li> <li>Gold Exploration Results Match Major Nevada Deposit: New age-dating results of 11.73 ± 0.12 million years at Celts match the age of gold mineralization at the Silicon deposit, approximately 100 kilometers away along the same structural trend. The dating result remains preliminary.</li> <li>Gold Assays and Expanded Mining Claims: Eminent Gold reported surface rock samples grading up to 1.5 g/t gold in new locations outside historic mine dumps and more than doubled its Celts property to 1,020 hectares ahead of its first drilling campaign.</li> <li>Upcoming Nevada Gold Drilling Program: The company outlined five drill holes totaling approximately 2,500 meters at Celts, targeting fault-hosted Silicon-style gold mineralization and layer-hosted Merlin-style deposits. Two holes are permitted, while three require additional approvals and financing.</li> <li>High-Grade Gold Intercepts at Hot Springs Range: At its HSRP project near Nevada's Getchell Trend, Eminent previously reported 9.2 meters grading 3.2 g/t gold and 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold, at its Otis exploration target.</li> <li>Multiple Gold Exploration Catalysts: Eminent's Nevada exploration plans include deeper drilling at Otis, initial drilling at the three-kilometer Eden gold-in-soil anomaly, and a planned 2027 drilling program at Gilbert South targeting a previously untested deeper feeder zone.</li> <li>Three Nevada Gold Projects: Eminent Gold's exploration portfolio includes Celts, Hot Springs Range, and Gilbert South, spanning 5,941 hectares of company-reported 100%-owned mineral properties in Nevada's Walker Lane and Getchell regions.</li> </ul> </div> <h1>Eminent Gold Identifies Geological Link to Major Gold District, Expands Claims Ahead of Drilling</h1> <a href="https://www.streetwisereports.com/pub/co/11233?utm_medium=feed" target="_blank" rel="noopener">Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE)</a> reported <a href="https://eminentgoldcorp.com/news-media/news-releases/celts-age-date-points-to-arthur-style-gold-system-company-expands-claims-ahead-of-drilling/" target="_blank" rel="noopener">new geological findings at its Celts project in Nevada</a>, including an age-dating result that matched the timing of gold mineralization at AngloGold Ashanti Plc.'s (AU:NYSE; ANG:JSE) Arthur Project, located approximately 100 kilometers away along the same structural trend. In an October 15 news release, the company said an alunite sample from Celts returned an age of 11.73 ± 0.12 million years, consistent with the age of the host volcanic rocks at the property and gold mineralization at the Silicon deposit, part of the Arthur Project. The Arthur Project has a reported mineral endowment of approximately 15.7 million ounces of gold. According to Eminent, younger gold systems of this age in the district have tended to form larger, bulk-mineable deposits, while older systems, including Goldfield and Tonopah, were typically associated with high-grade underground vein mining. The company described Celts as one of the few remaining untested gold systems of this age in the district. The age-dating result was preliminary and unpublished, with the formal laboratory report still pending. Eminent also completed geological mapping and structural analysis that identified priority fault targets at Celts. The work showed that the historic Gold Button Mine sits along a bend in a major northwest-trending fault, with stress apparently transferred to the north-south Cool Boy fault identified during earlier geophysical work. According to the company, the fault geometry created a half-graben, a down-dropped block where hydrothermal fluids can collect. Eminent considers this structural setting favorable for gold mineralization and consistent with geological features associated with the Arthur Project. New surface sampling returned gold values of up to 1.5 grams per tonne (g/t) from newly sampled areas outside the historic mine dumps and closer to its permitted drillholes along the Cool Boy fault, as well as at a newly discovered zone of silica veining and breccia west of Nancy Donaldson. Previously reported samples collected by an earlier operator from the historic Gold Button mine dump returned values of up to 33 g/t gold. Eminent noted that those historical samples had not been independently verified by the company. Rock-chip samples are selective and may not represent average grades or mineralization continuity. Following the mapping and sampling work, Eminent more than doubled its Celts claim package to 1,020 hectares ahead of its initial drilling program. "The age dating is a key technical result. It shows Celts was active during the same event that formed the major gold system at the Arthur Project,"<a href="https://eminentgoldcorp.com/news-media/news-releases/celts-age-date-points-to-arthur-style-gold-system-company-expands-claims-ahead-of-drilling/" target="_blank" rel="noopener"> said Justin Milliard, PhD, Eminent's Vice President of Exploration, in the company news release.</a> "Combined with the opening we have mapped along a major regional fault, this gives us a stronger geological basis to test both the fault-hosted and layer-hosted targets with our upcoming drill program." The company outlined a five-hole program totaling approximately 2,500 meters. Two holes are planned to test the Cool Boy fault beneath the rhyolite dome, while three additional holes are designed to investigate layer-hosted gold mineralization within the half-graben near the Gold Button Mine. The first two holes have received permits, while the remaining three are subject to permitting approval and financing. <h2>Gold Recovers as Inflation Data, Treasury Yields, and Federal Reserve Policy Influence Prices</h2> According to a <a href="https://www.reuters.com/world/india/gold-rebounds-one-week-low-dollar-slips-2026-10-15/" target="_blank" rel="noopener">Reuters report on October 14</a>, spot gold had fallen 1.5% to its lowest level since October 7 after stronger-than-expected U.S. inflation data increased expectations for further interest rate hikes. The U.S. dollar index advanced 0.4%, while the yield on the benchmark 10-year Treasury note also increased. The decline followed the release of September's Consumer Price Index, which rose 0.6% after a 0.4% increase in August. The figures shifted market expectations for Federal Reserve policy, with traders assigning approximately a 35% probability to an October rate increase, compared with 22% before the inflation report. David Meger, director of metals trading at High Ridge Futures, connected the market reaction to expectations for tighter monetary policy. "At this point, it portends that the Fed is more likely to raise interest rates," Meger told Reuters. "As a result, we've seen the dollar rise and pressure added to the gold market," he added. The relationship between interest rates and gold remained an important consideration. Although bullion had traditionally been viewed as protection against inflation, rising interest rates increased the relative attractiveness of interest-bearing assets because gold itself generated no yield. Carsten Menke, meanwhile, pointed to central bank purchases and U.S. government borrowing as longer-term considerations for the precious metal. "In the longer term, gold should again benefit from continued strong central-bank buying and renewed concerns over U.S. debt and its rising interest burden," Menke said. The market reversed direction on October 15 as the dollar weakened and bond yields declined. In a separate <a href="https://www.cnbc.com/2026/10/14/gold-prices-hold-firm-ahead-of-us-inflation-data.html">Reuters report</a>, bullion gained more than 1%, supported by a 0.5% decline in the dollar and a retreat in the benchmark 10-year Treasury yield to a three-week low. Ole Hansen, head of commodity strategy at Saxo Bank, described the recovery as a response to changing financial conditions while cautioning that market uncertainty persisted. "Falling real yields and resilient investment demand help gold recover from its post-CPI selloff, but the technical outlook remains fragile," Hansen told Reuters. Investors also awaited additional U.S. economic releases, including the Producer Price Index and retail sales data, for further indications of inflationary pressures. Rhona O'Connell, head of market analysis at Stone X, identified producer inflation as another factor that could influence bond yields. "If the PPI comes in as expected, which is 5.4% year on year, then that pattern will be continued. So you would expect bond yields to rise again. We're just going to have to watch it very carefully," O'Connell said. The Reuters report placed the market-implied probability of an October interest rate increase at approximately 29%, down from the 35% cited in the earlier report but above the 22% recorded before the consumer inflation figures. Federal Reserve officials also indicated that they had additional time to evaluate economic developments before deciding on further policy changes. Separately, <a href="https://tradingeconomics.com/commodity/gold">Trading Economics reported on October 15</a> that gold had climbed toward US$4,150 per ounce as crude oil prices retreated following five consecutive days of gains. The platform recorded gold at US$4,147.85 per troy ounce, representing a daily increase of 1.03%. Despite the recovery, prices remained 2.82% lower over the preceding month and 4.27% below their level one year earlier. Trading Economics attributed the rebound partly to a weaker U.S. dollar and declining Treasury yields, while identifying continued expectations for Federal Reserve tightening as a factor affecting investor sentiment. The platform also reported that annual U.S. inflation reached 3.7% in September, its highest reading in four months and above the 3.6% expected by economists. Higher energy costs accounted for much of the increase. Federal Reserve Bank of Chicago President Austan Goolsbee characterized the inflation data as "discouraging," according to Trading Economics. San Francisco Federal Reserve President Mary Daly also indicated that additional short-term interest rate increases could be necessary, although she did not see an immediate need for action at the October meeting. Beyond monetary policy, Trading Economics identified several sources of physical and financial demand for gold. Jewelry represented the largest component of global consumption, followed by investment and industrial applications. The metal was traded primarily through the London over-the-counter market and major futures exchanges, where standard gold futures contracts typically represented 100 troy ounces. <h2>Three Nevada Projects Outline Next Exploration Programs</h2> Beyond the latest Celts results, Eminent Gold's <a href="https://eminentgoldcorp.com/investors/presentations/" target="_blank" rel="noopener">October 1 investor presentation </a>outlined exploration activities across its three Nevada properties: Celts, Hot Springs Range, and Gilbert South. The programs included initial drilling, follow-up exploration, geophysical targeting, and permitting work. At Celts, the company outlined a two-phase drilling strategy based on geological models associated with the Silicon and Merlin deposits at AngloGold Ashanti's Arthur Project. The first phase was designed to test fault-hosted mineralization analogous to Silicon, while the second phase would investigate layer-hosted targets comparable to Merlin. The presentation indicates that the company is aiming to commence its maiden Celts drilling program in the fourth quarter of 2026. The company's subsequent October 15 news release specified five planned holes totaling approximately 2,500 meters, with the first two already permitted and the remaining three subject to permitting and financing. At the Hot Springs Range Project (HSRP), located approximately 15 kilometers from the Getchell Trend, Eminent outlined additional drilling at its Otis target. The company described a 10-kilometer exploration corridor containing two northeast-trending structural zones, with Otis extending approximately six kilometers and Eden covering another four kilometers. At Otis, previous drilling intersected 9.2 meters grading 3.2 g/t gold in hole HSC005 along the Little Humboldt fault. Another hole, HSR2601, returned 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold. The company identified oxide gold mineralization associated with multiple faults across a footprint extending hundreds of meters. Its presentation described mineralization as open at depth and along strike, with geological and alteration patterns directing further exploration toward the northeast. The next Otis work included receiving and evaluating reverse-circulation drilling assays, conducting deeper core drilling through selected fault intersections, and testing additional faults previously identified through geophysical surveys. Eminent also identified strengthening clay alteration down-dip and toward the Little Humboldt fault. Follow-up core drilling was planned to investigate that deeper structural interval, including areas beyond the shallow mineralization previously tested. At Eden, approximately 10 kilometers north of Otis, the company outlined an initial drilling program targeting structures associated with a three-kilometer gold-in-soil anomaly. Eminent reported that the target exhibited a structural setting similar to Otis, with surface geochemistry identifying gold and associated pathfinder elements along major faults. The Eden program included five initial holes designed to test interpreted feeder faults beneath the surface geochemical anomalies. The company's presentation identified the Spring City and Crossroads fault structures among the geological features incorporated into its drill-targeting work. Eminent's broader Hot Springs Range plans also included obtaining a Plan of Operations permit to provide access to additional exploration targets, including Sitka. The company identified Sitka as part of the same district-scale structural corridor being evaluated at Otis and Eden. At Gilbert South, located approximately 42 kilometers west of Tonopah in Nevada's Walker Lane trend, Eminent outlined a drilling program for 2027. The surface work on the property is complete, and the property will be drill-ready once the existing permit is renewed. The Gilbert South project contains gold-bearing vein corridors extending for several kilometers at the surface. Historical drilling has been relatively shallow and has not tested many of the sites where surface grab samples returned values of up to 143 g/t gold. [OWNERSHIP_CHART-11233] Eminent's proposed drilling at Gilbert South was directed toward a deeper feeder zone targeted between 200-400 meters below surface, which the company described as having not previously been drilled. The presentation identified this deeper zone as the principal target beneath the property's established surface vein system. The three project programs formed the exploration activities described in Eminent's October 1 presentation, with drilling and related technical work outlined at Celts and Hot Springs Range, and a separate 2027 drilling program identified for Gilbert South. <h2>Ownership and Share Structure1</h2> 18.35% of Eminent Gold is held by management and insiders. Among them, Justin Milliard, VP of Exploration, holds the largest position at 9.59%, and Michael Kosowan holds 6.5%. Kinross Gold Corp. (K:TSX; KGC:NYSE) is a strategic investor with a 13.8% position. The remainder is held by retail shareholders. Eminent Gold has approximately 83.7 million outstanding shares and a market capitalization of approximately CA$27.2 million. Its 52-week range is CA$0.28 to CA$0.87. <h2>Frequently Asked Questions About Eminent Gold Stock, Nevada Gold Exploration, and Upcoming Drilling</h2> What is the latest news about Eminent Gold Corp? Eminent Gold Corp. announced on October 15, 2026, that new geological age-dating results from its Celts gold project in Nevada matched the age of mineralization at AngloGold Ashanti's Silicon deposit, part of the Arthur Gold Project. The company also reported new gold sampling results, expanded its Celts mineral claims to 1,020 hectares, and outlined a five-hole drilling program totaling approximately 2,500 meters. Why is Eminent Gold comparing its Celts project to AngloGold Ashanti's Arthur Gold Project? Eminent Gold identified geological similarities between Celts and the Arthur Gold Project, which has a reported mineral endowment of approximately 15.7 million ounces of gold. Both properties are located along the same regional structural trend in Nevada, approximately 100 kilometers apart. An alunite sample from Celts returned an age of 11.73 ± 0.12 million years, matching the period associated with gold mineralization at Silicon. However, mineralization at Arthur is not necessarily indicative of mineralization at Celts. What were the latest gold assay results from Eminent Gold's Celts project? Eminent Gold reported surface rock samples grading up to 1.5 grams per tonne (g/t) gold from areas outside the historic mine dumps. Previous operators also collected samples grading up to 33 g/t gold from the historic Gold Button mine dump, although those results have not been verified by Eminent. The latest sampling identified gold along the Cool Boy fault and in an area of silica veining and breccias west of Nancy Donaldson. When will Eminent Gold begin drilling at its Celts gold project in Nevada? Eminent Gold's October 1 investor presentation indicates that the company is aiming for the fourth quarter of 2026 for the maiden Celts drilling program. Its October 15 announcement outlined five planned drill holes totaling approximately 2,500 meters. The first two holes have received permits, while the remaining three require additional permitting approval and financing. The company has not established a confirmed drilling start date in the supplied material. What are Silicon-style and Merlin-style gold exploration targets? At Celts, Eminent Gold is investigating two geological settings modeled on deposits within AngloGold Ashanti's Arthur Gold Project. Silicon-style targets involve gold mineralization associated with fault structures, while Merlin-style targets involve layer-hosted mineralization. Eminent plans two drill holes beneath the rhyolite dome along the Cool Boy fault and three additional holes targeting a down-dropped fault block near the historic Gold Button Mine. What high-grade gold drilling results has Eminent Gold reported at Hot Springs Range? At its Hot Springs Range Project near Nevada's Getchell Trend, Eminent Gold previously reported an intercept of 9.2 meters grading 3.2 g/t gold in drill hole HSC005. Another hole, HSR2601, intersected 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold. The company identified additional drilling targets associated with the Otis and Little Humboldt fault systems. What are the next gold exploration catalysts for Eminent Gold in 2026 and 2027? Eminent Gold outlined several exploration activities across its Nevada portfolio. These included the maiden five-hole drilling program at Celts, deeper follow-up core drilling at the Otis target within Hot Springs Range, and initial drilling at Eden, where a three-kilometer gold-in-soil anomaly has been identified. The company also planned drilling at Gilbert South in 2027 to investigate a deeper feeder zone approximately 400 meters below the surface. What is the significance of Eminent Gold's Eden gold discovery target? The Eden target is located approximately 10 kilometers north of Otis within the Hot Springs Range Project. Eminent Gold identified a three-kilometer gold-in-soil anomaly associated with major fault structures and surface pathfinder elements. Its proposed initial drilling program includes five holes targeting interpreted feeder faults beneath the geochemical anomalies. How much gold has Eminent Gold found at its Gilbert South project? Eminent Gold reported historical surface grab samples grading up to 143 g/t gold at Gilbert South, a Nevada exploration property containing gold-bearing vein corridors extending for several kilometers. The company identified a deeper feeder zone approximately 400 meters below the surface as its principal drilling target for 2027. The supplied information does not establish a mineral resource estimate for Gilbert South. Where are Eminent Gold's Nevada gold exploration projects located? Eminent Gold holds three projects covering approximately 5,941 hectares of company-reported 100%-owned mineral properties in Nevada. Hot Springs Range is located approximately 15 kilometers from the Getchell Trend, while Celts is situated within the Walker Lane Trend in the historic Goldfield district. Gilbert South is located in the Walker Lane region near the historic Tonopah district. Does Eminent Gold have a confirmed gold resource at its Celts project? The supplied company materials do not report a mineral resource estimate for Celts. Exploration to date has included geological mapping, surface rock sampling, structural analysis, and age dating. The planned drilling program is designed to investigate fault-hosted and layer-hosted gold targets. The approximately 15.7-million-ounce gold endowment cited in the company's announcement belongs to AngloGold Ashanti's separate Arthur Gold Project, not Celts. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Eminent Gold Corporation is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eminent Gold Corporation. and AngloGold Ashanti Plc. </li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32813"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32813" width="0" height="0"> ( Companies Mentioned: EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE, ) Fri, 16 Oct 2026 00:00:00 PST Thoughts on the 2026 Tax-Loss Season https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed">Gary Tanashian 10/15/2026</a> Gary Tanashian of Notes from the Rabbit Hole shares his thoughts as we get closer to tax-loss selling season.This year, many stock sectors rallied consistently or, at worst, went sideways. These are not tax-loss selling candidates. But there is one area that stands out from the pack, where tax-loss selling and future opportunity are concerned. That is the area of strategic/critical minerals, which were so well pumped by geopolitical dynamics in 2025 and kicked to the curb in 2026. That was the inevitable fallout of too much speculative interest chasing exciting stories. Valid stories over the long run, in my opinion, but stories nonetheless. Stories tend to unwind painfully in the stock market. As a side note, I anticipate we'll see similar fallout in 2027 from this year's AI/Semiconductor stories. Again, it's a situation that is more than valid on the big picture, but it's a matter of momentum and distortion. That is what tends to get unwound. While there are plenty of tax-loss buy opportunities in the precious metals, broader commodities, and a few discrete stock market sectors, I'd like to focus on the Critical Minerals/Materials space, because that is where the hype was most noticeable in 2025 and the downtrends are most noticeable in 2026. The areas we'll focus on as strategic and/or specialty materials are Rare Earth Elements, Lithium/Battery Materials, and, to a degree, Uranium. There are others, but these three are a focus, personally. I'll pick two junior-level items from each category. For example, in REE, the more mainstream and developed likes of MP Materials Corp. (MP:NYSE) and Lynas Rare Earths (LYSDY:OTCMKTS) are not included, even though they may well also provide a tax-loss opportunity. It's in the smaller, more speculative group that the bigger upside explosions and downside fallouts have occurred. <h2>REE</h2> Let's start with the owner of the prospective Tanbreez Rare Earth property in southern Greenland, Critical Metals Corp. (CRML:NASDAQ). It has a more intact chart than the second, more speculative item in this category because it has garnered attention from the U.S. government and is making <a href="https://www.criticalmetalscorp.com/critical-metals-corp-nasdaq-crml-secures-10-year-tanbreez-off-take-agreement-with-department-of-defense-funded-rare-earth-processor-ucore-rare-metals/" target="_blank" rel="noopener">significant inroads</a> in its development and future business as an operating mine. CRML is one I view positively from both fundamental and tax-loss seasonal perspectives. I do not currently own it, but am about 'this' close and may own it before this article is published. 2026 high: US$32.15, current price: US$6.54 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562152_crml_2026-10-14_09-07-07.png" alt="" width="1000" height="826" /> The more speculative REE is The Metals Co. (TMC:NASDAQ). Talk about speculative! TMC plans to extract REE from the ocean floor. There are many more hurdles in its way than the above. But risk/reward players and/or strict tax-loss traders may take note. I do not own TMC and have no imminent plans to own it (although tax-loss selling/buying season is an extended process). 2026 high: US$11.35, current price: US$2.82 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562214_tmc_2026-10-14_09-18-44.png" alt="" width="1000" height="826" /> <h2>Lithium</h2> Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSEAMERICAN) owns portions of the Smackover resource in Texas and Arkansas. Like CRML above, I consider SLI further along the development curve. In my opinion, its primary headwind has been the entire Lithium sector's fall from grace (and hype). I do not own SLI, and have no immediate plan to buy it. Again, tax-loss season is a process. 2026 high: US$6.40, current price: US$1.43 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562313_sli_2026-10-14_09-09-08.jpg" alt="" width="1000" height="826" /> Lithium Americas Corp. (LAC:TSX; LAC:NYSE) is one that garnered much hype in 2025 as the U.S. government got involved (government investment and/or loans were quite a hype machine in 2025), and Lithium in general had a honeymoon phase prior to the 2026 price correction in the commodity. It has an offtake agreement with GM for its Thacker Pass property in Nevada. I have no position in LAC and no imminent plan to buy it. 2026 high: US$10.52, current price: US$2.20 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562339_lac_2026-10-14_09-09-37.png" alt="" width="1000" height="826" /> <h2>Uranium</h2> NexGen Energy Ltd. (NXE:TSX; NXE:NYSE) has long been my favored play on Uranium's future, as it develops the Rook I project in the Athabasca Basin. I do not currently own it, but am watching it closely for purchase, potentially for investment beyond tax-loss goals. 2026 high: US$13.96, current price: US$8.47 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562358_nxe_2026-10-14_09-08-32.png" alt="" width="1000" height="826" /> Finally, we have Uranium/REE combo, Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN), which produces Uranium, Vanadium, and processes other Rare Earths in the U.S. (Colorado, Utah, Wyoming, and Arizona). I like the "combo" aspect and the fact that UUUU is taking growth initiatives. But at this time, I am just watching and waiting. 2026 high: US$27.90, current price: US$9.27 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562418_uuuu_2026-10-14_09-08-44.png" alt="" width="1000" height="826" /> <h2>Final Thoughts</h2> Tax-loss season (TLS) can be a funny thing. Some of the items above appear to be presenting an opportunity right now, and a longer-term investor (with a positive 2027 view, as I have) could start to nibble. But in my experience, TLS often seems to drag on before a good low is made. It is only mid-October, after all. So a measure of patience is called for. But I strongly believe that the sectors noted above, if not all of the individual stocks, will be much higher at some point in 2027 than they are now. CRML and NXE are once-and-future speculative holdings in <a href="https://nftrh.com/nftrh-premium/" target="_blank" rel="noopener">NFTRH</a> portfolios. UUUU follows up at a close third in priority. Good luck out there as we wrap up 2026! <a href="https://nftrh.com/" target="_blank" rel="noopener">You can view more from Gary here.</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Gary Tanashian: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32812"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32812" width="0" height="0"> Thu, 15 Oct 2026 00:00:00 PST Record Copper and AI Demand Put Torr Metals' Kolos Assays in the Spotlight https://www.streetwisereports.com/article/2026/10/15/record-copper-and-ai-demand-put-torr-metals-kolos-assays-in-the-spotlight.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/record-copper-and-ai-demand-put-torr-metals-kolos-assays-in-the-spotlight.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> With AI pushing copper demand and recent prices near records, Torr Metals Inc. (TMET:TSX.V) is drilling toward what it believes is the source of a large copper-gold system in southern British Columbia. Find out why one technical analyst sees a breakout brewing.<h2>Key Investor Takeaways</h2> <ul> <li>Copper is trading near record highs, and S&P Global expects demand from AI, data centers, and defense to help drive a 10 million metric ton supply shortfall by 2040.</li> <li>Torr Metals expects its first Phase 2 assays from the Bertha North target at its Kolos copper-gold project in British Columbia soon.</li> <li>About 3,500 meters of a fully funded program of up to 6,000 meters is complete. The next holes will test farther south toward a deep resistivity anomaly that Torr interprets as a possible intrusive source.</li> <li>Hole 26-KO-04 intersected a magnetite-bearing intrusive dike with chalcopyrite at about 460.5 meters, Torr's closest drilling yet to the interpreted source.</li> <li>Kolos covers about 332 square kilometers near Teck's Highland Valley Copper mine and New Gold's New Afton mine. It also includes the permitted Lodi-Kirby and Kova targets and the undrilled Sonic Zone.</li> <li>Torr also holds the Filion gold project in Ontario, where historical trenching returned 13.1 grams per tonne gold.</li> <li>Technical analyst Stewart Thomson rated Torr a Speculative Buy in August, citing early signs of a porphyry core at Bertha North.1</li> </ul> <h2>Copper's Supply Problem Keeps Prices High</h2> Copper is trading near record highs. Benchmark three-month copper on the London Metal Exchange rose to US$14,618.50 a tonne on October 12, a two-week high, after a landslide at Codelco's El Teniente mine in Chile killed two workers and forced a partial production halt, <a href="https://www.mitrade.com/insights/commodity-analysis/metal/copper-codelco-mine-halt-silver-cpi-20261013J1433" target="_blank" rel="noopener">Mitrade reported</a>. El Teniente is one of the world's largest underground copper mines. Copper set records on both major exchanges in September. Benchmark LME copper hit an all-time high of US$14,875 a tonne on September 10, and Comex copper reached <a href="https://metalradar.com/article/copper-falls-from-near-record-highs-on-profit-taking-and-firmer-dollar-1790168877" target="_blank" rel="noopener">a record US$6.83 per pound</a>, or about US$15,057 a tonne, on September 22. LME prices were up 18% for the year as of late September. New supply is slow to arrive. Copper mines that began production between 2020 and 2023 took an average of <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/major-copper-discoveries" target="_blank" rel="noopener">17.9 years</a> to go from discovery to production, up from 12.7 years for mines that started in 2005 to 2009, according to S&P Global. <h2>The AI Boom Runs on Copper</h2> Artificial intelligence is adding to the pressure. In its January study <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">Copper in the Age of AI</a>, S&P Global projected that global electricity demand will rise nearly 50% by 2040. It expects copper demand to climb with it, from 28 million metric tons in 2025 to 42 million metric tons. Demand from AI and data centers, and from defense, is each expected to roughly triple, together adding about 4 million metric tons a year. Without major changes, S&P sees a supply shortfall of 10 million metric tons by 2040. Data centers use copper for power distribution, cooling, and connections to the grid. BloombergNEF has estimated that copper makes up nearly 6% of a data center project's capital cost. It expects the sector to use about 400,000 tonnes of copper a year over the next decade on average, peaking at 572,000 tonnes in 2028, <a href="https://www.mining.com/ai-data-centers-to-worsen-copper-shortage-bnef/" target="_blank" rel="noopener">Mining.com reported</a>. BNEF warned that the AI buildout "risks tightening the global copper market further" and sees a global shortfall of up to 6 million tonnes by 2035. <h2>First Assays on Deck at Kolos</h2> <a href="https://www.streetwisereports.com/pub/co/11133?utm_medium=feed" target="_blank" rel="noopener">Torr Metals Inc. (TMET:TSX.V)</a> expects its first assays from this year's drilling at the Kolos copper-gold project in southern British Columbia soon. The first results will come from holes 26-KO-01 and 26-KO-02 at the Bertha North target. The company has completed about 3,500 meters of a fully funded Phase 2 program of up to 6,000 meters. Its next holes, KP-7 and KP-8, will test farther south across a structural convergence and the upper margin of a deep resistivity anomaly that Torr interprets as a possible intrusive source. Crews are reopening historical exploration roads to reach those drill sites. "Our next holes will follow this progression south," President and Chief Executive Officer Malcolm Dorsey said. Beyond Bertha North, Torr has other targets at Kolos. The permitted <a href="https://www.newsfilecorp.com/release/289788/Torr-Metals-Expands-2026-Drill-Pipeline-with-LodiKirby-CuAu-Porphyry-Target-Following-Strong-Vectoring-at-Bertha" target="_blank" rel="noopener">Lodi-Kirby</a> and Kova porphyry targets are both in the pipeline, and the undrilled Sonic Zone carries a copper-gold soil anomaly that the company has expanded to about <a href="https://www.torrmetals.com/news/torr-metals-expands-sonic-copper-gold-soil-anomaly-to-8-km2-reinforcing-kolos-as-a-multi-t" target="_blank" rel="noopener">8 square kilometers</a>. <h2>Hunting the ‘Heat Engine' at Bertha North</h2> In its <a href="https://www.newsfilecorp.com/release/315619/Torr-Metals-Drilling-Advances-Within-Bertha-North-CuAu-Porphyry-System-Toward-Interpreted-Source-Intrusion" target="_blank" rel="noopener">September 23 update</a>, Torr said its first four Phase 2 holes at Bertha North intersected copper-bearing hydrothermal breccias and mineralized structural corridors. Those structures converge in a southern area that coincides with strong copper-in-soil anomalies. Hole 26-KO-04 came closest yet to the interpreted source. It intersected a magnetite-bearing intrusive dike with disseminated pyrite and chalcopyrite at about 460.5 meters, within a 40.6-meter mineralized and brecciated interval from 429.2 to 469.8 meters. A large resistivity anomaly beneath the target extends more than 1,000 meters vertically and remains open at depth. "Phase II drilling is demonstrating the scale of the mineralized hydrothermal system at Bertha North," Dorsey said, "giving us a clearer path toward its interpreted centre." Earlier holes also showed signs of a porphyry system. In <a href="https://www.newsfilecorp.com/release/310178/Torr-Metals-Intersects-Copper-Sulphides-and-Potassic-Alteration-in-Emerging-CuAu-Porphyry-System-at-Bertha-North" target="_blank" rel="noopener">August</a>, Torr reported copper sulfides, including chalcocite, along the margins of a potassic-altered intrusive corridor in hole 26-KO-03, plus the program's first native copper in hole 26-KO-04. "What is particularly exciting is that the geological vectors are strengthening as we advance," Dorsey said at the time. Difficult, highly altered ground has slowed drilling, the company said. All mineral identifications remain subject to laboratory confirmation. <h2>Next Door to Canada's Biggest Copper Mine</h2> Kolos covers about 332 square kilometers along Highway 5, about 35 kilometers southwest of Kamloops. It sits about 30 kilometers southeast of Teck Resources Ltd.'S (TECK:TSX; TECK:NYSE) Highland Valley Copper mine, Canada's largest open-pit copper operation. <blockquote class="callOut left">Technical analyst Stewart Thomson said Torr's chart had formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28.</blockquote> The project lies in the Quesnel Terrane, and Torr considers New Gold Inc.'s (NGD:TSX; NGD:NYSEAMERICAN) nearby New Afton copper-gold mine its closest geological analogue for Bertha North. Torr also holds an option on the 57-square-kilometer Bertha property. Torr's maiden Phase 1 program drilled 2,733 meters and found 68 mineralized intervals, the company said in <a href="https://www.newsfilecorp.com/release/296180/Torr-Metals-Completes-Surface-Sampling-at-Kolos-and-Initiates-Geophysical-Surveys-in-Preparation-for-Drilling" target="_blank" rel="noopener">May</a>. Before Phase 2 began in June, rock samples at Bertha North returned up to <a href="https://www.newsfilecorp.com/release/300649/Torr-Metals-Commences-Fully-Funded-6000Metre-Drill-Program-Beginning-at-Bertha-North-Following-New-Geophysical-Targeting-and-2.4-Copper-Surface-Sample-Results" target="_blank" rel="noopener">2.4% copper</a> and 9.4 grams per tonne silver from brecciated, potassic-altered float with strong malachite. The company also holds the 261-square-kilometer Filion gold project in northern Ontario, just off the Trans-Canada Highway. There, historical trenching returned <a href="https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/279642/torr-metals-assays-13-1-g-t-gold-in-historical-trenching-at-filion-expands-staking-to-encompass-60-km-strike-length-to-gold-bearing-structure/" target="_blank" rel="noopener">13.1 g/t gold</a>, and Torr has staked about 60 kilometers of strike along the gold-bearing structure. <h2>Charting a Speculative Buy</h2> In an October 15 update to Streetwise Reports, technical analyst Stewart Thomson said Torr's chart had formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28. He said the right shoulder of the pattern showed "bull wedge action" and that the stochastics oscillator was oversold, which he called bullish. The CA$0.28 target sits just above the top of the CA$0.08 to CA$0.27 trading range Thomson had flagged two months earlier. <a href="https://www.streetwisereports.com/article/2026/08/20/key-drill-results-and-explosive-chart-breakout-for-bc-copper-gold-explorer.html?utm_medium=feed">1In an August 20 review, </a>Thomson said the first-ever drilling at Bertha North had confirmed a large porphyry-style hydrothermal system. He pointed to the August 18 discovery of potassic alteration and copper sulfides in hole 26-KO-03 as a potential vector toward a higher-grade core. He cited structural demand from EVs, renewable energy, and AI data centers as long-term support for copper, and noted that the company's fully funded program and small market capitalization could give investors exploration leverage without near-term dilution from financing. Torr "presents a compelling opportunity for investors seeking leveraged exposure to Tier-1 copper-gold discoveries," Thomson wrote. "The August 18, 2026, confirmation of potassic alteration and copper sulfides at Bertha North signals proximity to a high-grade porphyry core, significantly de-risking the district-scale potential of the Kolos Project."[OWNERSHIP_CHART-11133] At the time, with the stock at CA$0.15, Thomson identified CA$0.19, CA$0.27, and CA$0.46 as short-, medium-, and long-term resistance levels and rated Torr a Speculative Buy. He listed exploration, financing, dilution, commodity prices, and permitting as key risks. <h2>Ownership and Share Information2</h2> Torr Metals Inc. has a market cap of CA$10.45 million, with 84.02 million shares outstanding. The company's 52-week range is CA$0.08-CA$0.27. Strategic investors own 4.76% of shares, while management and insiders own 4.32%. The rest is retail. <h2>Common Questions from Investors</h2> What is driving copper prices? Copper set records in September and remains near those highs, supported by supply disruptions such as the recent partial halt at Codelco's El Teniente mine. Over the longer term, S&P Global expects demand to rise 50% by 2040 as electricity use grows, with AI, data centers, and defense among the fastest-growing sources. New mines take an average of nearly 18 years to reach production. What are Torr Metals' next catalysts? The first Phase 2 assays from holes 26-KO-01 and 26-KO-02 are expected soon. After that come holes KP-7 and KP-8, which will test farther south toward the interpreted intrusive source at Bertha North. What has drilling found so far at Bertha North? The first four Phase 2 holes intersected copper-bearing hydrothermal breccias and mineralized structural corridors. Hole 26-KO-03 hit copper sulfides along a potassic-altered intrusive corridor, and hole 26-KO-04 intersected a mineralized magnetite-bearing intrusive dike at about 460.5 meters. These are visual observations, and assays are pending. Where is the Kolos project, and how big is it? Kolos covers about 332 square kilometers along Highway 5, about 35 kilometers southwest of Kamloops in southern British Columbia. It lies about 30 kilometers southeast of the Highland Valley Copper mine. Is drilling funded? Yes. Torr says its Phase 2 program of up to 6,000 meters is fully funded. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Torr Metals Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torr Metals Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on August 20, 2026 <ol> <li>Torr Metals Inc. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,000 for the preparation of an independent technical research report.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in Torr Metals Inc., and he has no direct financial relationship with the company.</li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32806"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32806" width="0" height="0"> ( Companies Mentioned: TMET:TSX.V, ) Thu, 15 Oct 2026 00:00:00 PST Harvest Gold Pieces Together 50 Kilometers of Québec Gold Ground Near Windfall https://www.streetwisereports.com/article/2026/10/15/harvest-gold-pieces-together-50-kilometers-of-qu-eacute-bec-gold-ground-near-windfall.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/harvest-gold-pieces-together-50-kilometers-of-qu-eacute-bec-gold-ground-near-windfall.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> With central banks buying gold through the pullback, Harvest Gold Corp. (HVG:TSX.V; HVGDF:OTCMKTS) has assembled more than 50 kilometers of gold ground near Gold Fields' Windfall deposit in Québec.<h2>Key Investor Takeaways</h2> <ul> <li>Gold is trading around US$4,180 per ounce, and several major banks expect it to climb back toward US$5,000, supported by steady central bank buying.</li> <li>Harvest Gold Corp. has spent three years assembling more than 50 kilometers of favorable strike in Québec's Abitibi region, about 45 to 70 kilometers west of Gold Fields' Windfall deposit.</li> <li>By optioning Mosseau from Vior, which spent about five years assembling the property, Harvest saved years of work. It has since roughly doubled that block by adding LaBelle and connecting claims.</li> <li>Drilling at Mosseau in 2025 returned 105.0 grams per tonne gold over 1.15 meters, including visible gold, along the Kiask River Deformation Zone.</li> <li>Harvest completed its earn-in for a 100% interest in Urban Barry in September, subject to EGR's retained 2% net smelter returns royalty.</li> <li>A fully funded drill program of about 4,000 meters at Mosseau is the next major catalyst. Harvest must meet its remaining exploration-spending obligation by December 31, 2027, to earn an 80% interest. It can then pursue a joint venture with Vior or acquire the remaining 20% for CA$1.5 million by June 30, 2028.</li> <li>Crescat Capital, which owns 19.9% of Harvest, has participated in every Harvest financing since 2021, including the June raise.</li> </ul> <h2 dir="ltr">Central Banks Keep Buying the Gold Dip</h2> Gold was trading at about US$4,182 per ounce on October 13, up about 2.5% from a year earlier and more than 25% since early 2025, <a href="https://fortune.com/article/current-price-of-gold-10-13-2026/" target="_blank" rel="noopener">Fortune reported</a>. The metal set a record of US$5,589.38 on January 28, according to <a href="https://goldsilver.com/industry-news/article/gold-price-forecast-2026-2027-key-predictions-from-top-analysts/" target="_blank" rel="noopener">GoldSilver</a>, before easing as investors priced in a more hawkish Federal Reserve. Central banks have kept buying through the pullback. They added a net 39 tonnes of gold in August, bringing purchases to 170 tonnes this year, the <a href="https://www.gold.org/goldhub/gold-focus/2026/10/central-bank-gold-statistics-central-banks-continue-summer-spree-august" target="_blank" rel="noopener">World Gold Council reported</a>. China's central bank bought 20 tonnes, its 22nd straight month of buying. Poland has added 98 tonnes this year as it works toward a target of 700 tonnes. The council said central bank buying "continues to reflect longer-term reserve objectives." <h2 dir="ltr">Wall Street Eyes US$5,000 Gold</h2> Several major banks expect gold to head back toward US$5,000, about 20% above current levels, according to a <a href="https://goldenarkreserve.com/insights/gold-price-forecast-september-2026/" target="_blank" rel="noopener">roundup of bank forecasts</a> by Golden Ark Reserve. Citi sees gold at US$5,000 within six to 12 months, and Commerzbank raised its 2026 forecast to US$5,000 from US$4,400. Goldman Sachs expects US$4,900 by the end of the year. The Wells Fargo Investment Institute sees US$4,900 to US$5,100 by year-end and US$5,400 to US$5,600 in 2027. Higher gold prices tend to benefit junior explorers the most, because new discoveries become more valuable and capital is more available for companies working in established gold districts. <h2 dir="ltr">A 'Eureka Moment' in Québec</h2> <a href="https://www.streetwisereports.com/pub/co/299?utm_medium=feed" target="_blank" rel="noopener">Harvest Gold Corp. (HVG:TSX.V; HVGDF:OTCMKTS)</a> had already lined up its first Québec properties when its technical director spotted a gap on the map. "Our technical director said, 'Look at this chunk of land down below here. It's unstaked. It all runs on the same kind of structure,'" President and Chief Executive Officer Rick Mark told Streetwise Reports. "And so we called it LaBelle, and we staked it all ourselves. So that was sort of the first eureka moment." Harvest <a href="https://www.harvestgoldcorp.com/projects/labelle-property/default.aspx" target="_blank" rel="noopener">staked LaBelle</a> in March 2024. It was an early piece of a land package that Harvest has assembled over three years in what Mark calls "a very under-recognized area" of Québec's Abitibi region. "Three years ago, we had nothing when we went in there," he said. The company came to Québec from British Columbia, where it had been chasing deep porphyry targets. "You can't afford as a junior to be drilling 1,200 meters to find porphyries. You just can't do it," Mark said. In Québec, Harvest committed to gold, in "an area in the Abitibi known for mines and gold mines" near Gold Fields Ltd.'s (GFI:NYSE; GFI:JSE) Windfall deposit. <h2 dir="ltr">Piecing Together 50 Kilometers of Gold Ground</h2> For Mark, the land package is the story. Assembling continuous ground in Québec is slow, he said, because the province is "a little bit like Nevada in the sense that smaller groups or families or companies own chunks of land." Vior Gold Corporation Inc. (VIO:TSX.V; VIORF:OTCQB; VL50:FSE) spent about five years putting the Mosseau property together before optioning it to Harvest in December 2023, Mark said. "So we gained five years by doing the deal with Vior," he said. Since then, Harvest has staked LaBelle to the southeast, and Vior has <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1864-tsx-venture/hvg/179548-harvest-gold-and-vior-add-25-new-claims-to-its-mosseau-gold-project-in-the-urban-barry-belt-in-quebec.html" target="_blank" rel="noopener">added claims</a> to Mosseau under the option. In May, Harvest <a href="https://www.thenewswire.com/press-releases/1k6WFazzN-harvest-gold-expands-flagship-mosseau-property-in-quebec-with-the-acquisition-of-42-additional-mineral-claims.html" target="_blank" rel="noopener">staked 42 more claims</a> along Mosseau's southwestern edge. Mosseau and LaBelle now form one continuous block, which Mark estimates is about double the original Mosseau. Harvest has assembled the combined land position, although its interest in Mosseau remains subject to the Vior option agreement. "So now we own everything," he said. With Urban Barry to the north, the three projects cover 443 claims, about 23,740 hectares, and more than 50 kilometers of favorable strike. The question for investors, Mark said, is whether Harvest Gold has built an asset. "Here's what you need to know in terms of building a land package in the Abitibi," he said. "It's a difficult challenge." Harvest expects to earn an 80% interest in Mosseau by meeting its remaining exploration-spending obligation. It can then form a joint venture with Vior or acquire Vior's remaining 20% interest for CA$1.5 million under the option agreement. A package that large could interest other companies, Mark said, but more high-grade results would let Harvest keep control. "If we're successful on this drill program and find some more high-grade, then what we have is the ability to control the package, which is preferable, obviously," he said. <h2 dir="ltr">From Windfall's Backyard to a High-Grade Hit</h2> Harvest's first Québec deal, also in December 2023, was an <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1864-tsx-venture/hvg/153209-harvest-gold-options-100-of-the-urban-barry-property-in-the-abitibi-region-of-quebec.html" target="_blank" rel="noopener">option on Urban Barry</a>, which adjoins the Windfall property. Gold Fields took full ownership of Windfall in 2024 when it bought Osisko Mining for CA$2.16 billion. One of Harvest's team members had worked on Windfall about 20 years earlier, Mark said. Still, Urban Barry was too early-stage and too large to build a company around on its own. A contact told Mark that Vior was shopping Mosseau, and about four months of negotiation followed. Under the deal, Harvest can earn 80% of Mosseau, and then either form a joint venture with Vior or buy the remaining 20% for CA$1.5 million. <blockquote class="callOut left">Technical analyst Stewart Thomson identified CA$0.04 as key support and named CA$0.14 and CA$0.30 as key resistance levels where investors could consider booking profits.</blockquote> Vior also received Harvest shares, which would become a significant stake "if Mosseau ever hits and becomes something important," Mark said. Mosseau has already produced a discovery. <a href="https://www.thenewswire.com/press-releases/1BNMFWPng-harvest-gold-reports-105-0-g-t-au-over-1-15-metres-including-visible-gold-in-the-central-part-of-the-mosseau-property.html" target="_blank" rel="noopener">In February,</a> Harvest reported that hole MO-25-25 returned 105.0 grams per tonne gold over 1.15 meters, including visible gold, along the Kiask River Deformation Zone. Airborne magnetics trace the Kiask River mineralized corridor about 32 kilometers along strike onto LaBelle, the company said in an April update. In September, Harvest <a href="https://www.goldseiten.de/artikel/715223--Harvest-Gold-Earns-a-100Prozent-Interest-in-its-Urban-Barry-Project-in-the-Quebec-Abitibi-Region-Corrects-Wording-from-its-August-12-2026-Release.html" target="_blank" rel="noopener">earned 100% of Urban Barry</a> from EGR Exploration Ltd. (EGR:TSX.V). A till survey there last fall recovered 1,175 gold grains from 137 samples and outlined a dispersal train about 2.5 by 1.3 kilometers in the property's northwest. <h2 dir="ltr">Upcoming Catalysts</h2> The biggest near-term catalyst is a planned fully funded drill program of about 4,000 meters in approximately 20 holes at Mosseau. The program is designed to follow up on the high-grade discovery and test additional structural and geophysical targets. However, as of October 5, Harvest said negotiations with the Lac Simon First Nation were progressing more slowly than anticipated and that it had yet to secure a driller within the available timeframe. The company said Mosseau is suitable for winter drilling and that the program remains fully funded. The program is also the last step in Harvest's earn-in. The company's June raise of about CA$3.17 million was designed to cover its final exploration obligation of about CA$1.25 million at Mosseau, Mark said. Harvest has until the end of 2027 to meet that obligation. "That's important to know," Mark said. In the meantime, Harvest's and Vior's chief financial officers are reconciling the spending so far to confirm exactly how much remains. Crescat Capital took part in the June raise and has participated in every Harvest financing since 2021, Mark said. Harvest is also owed CA$1 million within 30 days of Blossom Gold Inc. (BGAU:TSX) closing a debt or equity financing for the past-producing Rosebud gold project in Nevada, which Harvest sold in 2015. <h2 dir="ltr">A Century-Old Gold Belt and a Long-Term Chart Base</h2> The Abitibi greenstone belt stretches across northern Ontario and southern Québec and ranks among the world's largest and best-preserved Neoarchean greenstone belts. Mining in the region dates back to the 1920s and has continued for roughly a century, <a href="https://investingnews.com/innspired/gold-exploration-abitibi-gold-belt-canada/" target="_blank" rel="noopener">according to the Investing News Network</a>. Since 1901, the belt has hosted more than 100 mines and produced more than 200 million ounces of gold. Its total endowment, including historical production, reserves, and measured and indicated resources, is estimated at about 300 million ounces. At least 15 deposits have each produced more than 3.5 million ounces. Grades across the district are generally above global averages, reflecting the orogenic gold systems concentrated along its major deformation zones. Ontario and Québec together accounted for more than 75% of Canada's gold production in 2019, and the region benefits from a mining-oriented regulatory and permitting environment, the Investing News Network said.[OWNERSHIP_CHART-299] Harvest Gold's chart is drawing attention as well. In an October 15 update to Streetwise Reports, technical analyst Stewart Thomson said the stock has formed a large base pattern on its monthly chart. He identified CA$0.04 as key support and named CA$0.14 and CA$0.30 as key resistance levels where investors could consider booking profits. At the time of this article, the stock is trading at CA$0.045. <h2>Ownership and Share Structure1</h2> Harvest Gold's management and board members own 5% of the company. Crescat Capital LLC has 19.9%, and other institutions own 11.5%. Retail investors own the rest. It has 179.38 million shares outstanding. Its market cap is CA$8.03 million, and its 52-week range is CA$0.04–CA$0.11 per share. <h2>Common Questions from Investors</h2> What is driving gold prices? Gold has eased from its January record of US$5,589.38 as investors priced in a more hawkish Federal Reserve. Central banks keep buying, though, adding 170 tonnes so far this year, and several major banks see gold returning toward US$5,000. What is Harvest Gold's strategy? Harvest is assembling a large, continuous land position in the Abitibi, one of the world's most productive gold belts. CEO Rick Mark says more high-grade results would let the company keep control of that package. How big is Harvest Gold's land position? Its Mosseau, LaBelle, and Urban Barry properties together cover 443 claims, about 23,740 hectares, and more than 50 kilometers of favorable strike. How does Harvest relate to Gold Fields' Windfall project? Harvest's properties lie about 45 to 70 kilometers west of Windfall, which Gold Fields expects to produce about 300,000 ounces of gold a year starting in 2029. The companies have no operational or partnership ties. What are Harvest's next catalysts? The main one is a fully funded drill program of about 4,000 meters in about 20 holes at Mosseau, which would also complete Harvest's earn-in of an 80% interest. Harvest is also owed CA$1 million once Blossom Gold closes a financing for the Rosebud project in Nevada. Does Harvest Gold have outside support? Crescat Capital owns 19.9% of the company and has participated in every Harvest financing since 2021, including its June raise. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Harvest Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. In addition, Harvest Gold Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Harvest Gold Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32805"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32805" width="0" height="0"> ( Companies Mentioned: HVG:TSX.V;HVGDF:OTCMKTS, ) Fri, 16 Oct 2026 00:00:00 PST Viridian Metals Goes 8 for 8 as Sulfides Stretch 3 Kilometers at Kraken https://www.streetwisereports.com/article/2026/10/14/viridian-metals-goes-8-for-8-as-sulfides-stretch-3-kilometers-at-kraken.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/viridian-metals-goes-8-for-8-as-sulfides-stretch-3-kilometers-at-kraken.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Viridian Metals Inc. (VRDN:CSE; VIRMF:OTCQB) hit sulfides in all eight step-out holes across 3 kilometers of its Kraken Main Zone in Labrador. Find out why one longtime mining expert says the real news is still to come.<h2>Key Investor Takeaways</h2> <ul> <li>All eight successfully drilled step-out holes along about 3 kilometers of the southern Kraken Main Zone intersected visually identified sulfides in the same styles seen in the established part of the zone.</li> <li>The broadest sulfide-bearing interval was 47.3 meters, and two holes cut semi-massive sulfides of 7.7 and 6.7 meters.</li> <li>Seven holes hit sulfides from the top of bedrock, and five ended in mineralization, leaving it open at depth. Assays from the step-outs are expected before the end of October.</li> <li>The new results provide additional geological context for Kraken Main, alongside an initial exploration target of 41 million to 61 million tonnes grading 0.35% to 0.52% copper equivalent (CuEq), which was based entirely on drilling completed before 2026.</li> <li>The extended hole VKS25-025 returned 23.05 meters grading 0.24% CuEq and still ended in mineralization.</li> <li>Two rigs are drilling at Kraken, returning to the northern Main Zone to extend earlier holes after testing the Venus target.</li> <li>S&P Global projects a 10 million metric ton copper supply shortfall by 2040, driven by rising power demand from AI, data centers, and defense, while new copper mines take an average of nearly 18 years to reach production.</li> </ul> <h2 dir="ltr">Kraken Main Sulfides Stretch 3 Kilometers South</h2> Viridian Metals Inc. (VRDN:CSE; VIRMF:OTCQB) reported that all eight successfully drilled step-out holes along about 3 kilometers of the southern Kraken Main Zone in Labrador intersected visually identified sulfides, according to the company's <a href="https://viridianmetals.com/viridian-intersects-sulphides-throughout-3-km-of-step-out-drilling-at-kraken-main/" target="_blank" rel="noopener">October 2 news release</a>. The holes tested a trend that begins about 500 meters south of Viridian's 2025 drilling and runs to a hole the company completed in 2023. The sulfides include the same patchy net-textured and semi-massive styles seen in the established part of the Main Zone, the company said. The broadest sulfide-bearing intervals were 47.3 meters in hole VKS26-063, 41.8 meters in VKS26-065, 33.2 meters in VKS26-062, and 28.0 meters in VKS26-059. Two holes also cut semi-massive sulfides, a higher-intensity style of mineralization: 7.7 meters in VKS26-062 and 6.7 meters in VKS26-060. Seven of the holes encountered patchy net-textured sulfides from the top of bedrock, and five ended in that mineralization, leaving it open at depth. The results are visual observations only. Laboratory assays are needed to determine metal grades, and the reported intervals are downhole lengths, with true thicknesses not yet known. <h2 dir="ltr">Filling a Kilometer-Wide Gap at Kraken Main</h2> President and Chief Executive Officer Tyrell Sutherland said the results "demonstrate the scale over which we continue to see the same sulphide system" at Kraken Main. Drilling has now hit visually identified sulfides at an average spacing of about 400 meters across the southern 3 kilometers, including semi-massive sulfides he said, compared with the company's best results so far. Before this program, that stretch of the Main Zone was represented by only two partially analyzed holes more than a kilometer apart, plus the 2023 hole at its southern end, Sutherland noted. He said the consistent results are in line with the scale of the Main Zone suggested by the company's interpretation. Viridian expected to deliver initial samples from holes through VKS26-063 to Activation Laboratories Ltd. in Ancaster, Ontario, the week of October 6, with assays expected before the end of October. Those will be the first assays from the southern step-out drilling. The company also released new assays from hole VKS25-025, which it extended this year after the original hole appeared to catch only the upper portion of the mineralized horizon. The extended hole returned 23.05 meters grading 0.24% copper equivalent (CuEq) from 21 meters and still ended in disseminated mineralization at 44.05 meters, an unknown distance above the main target horizon. Viridian has two rigs on site, drilling the season's 19th and 20th holes. Both were testing the Venus target, following up a 2023 hole that returned 7.55 meters of 0.4% nickel, 0.2% copper, and 0.05% cobalt from surface, with up to 0.76 grams per tonne (g/t) platinum, 0.33 g/t palladium, and 0.45 g/t gold. As of the October 2 update, both rigs were working on the Venus target, with the company expecting to complete the two holes by October 5 before returning to the northern Main Zone to extend 2025 holes that ended in the upper disseminated zones or did not reach bedrock The company's shares are now eligible for electronic clearing and settlement through the Depository Trust Co. (DTC), which Viridian said should simplify trading and improve liquidity for U.S. investors. <a href="https://www.globenewswire.com/news-release/2026/07/15/3327749/0/en/Viridian-Metals-Commences-Trading-on-the-OTCQB-Venture-Market-Under-the-Symbol-VIRMF.html" target="_blank" rel="noopener">The shares began trading July 15 on the OTCQB under VIRMF</a>. <h2 dir="ltr">Kraken Main's Initial Target Is Just the Starting Point</h2> The Kraken project covers 185 square kilometers and has seen historical work by Noranda/Kennecott and Teck Resources, according to the <a href="https://viridianmetals.com/kraken/" target="_blank" rel="noopener">company's website</a>. It includes a 45-kilometer contact between an ultramafic intrusion and basement rocks, and drilling has returned up to 4.1% copper. The Main Zone follows a roughly 5-kilometer conductor, with mineralization at or near surface. On September 15, Viridian announced an initial <a href="https://mining.com.au/viridian-metals-unveils-initial-copper-exploration-target-at-kraken/" target="_blank" rel="noopener">exploration target</a> for Kraken Main of 41 million to 61 million tonnes grading 0.35% to 0.52% CuEq. The target is based entirely on drilling completed before the 2026 program and assumes an average mineralized thickness of 8.6 meters. <blockquote class="callOut left" dir="ltr">"The real news will be when the company starts to release assay results near the end of October," Bob Moriarty said.</blockquote> The company cautioned that the target is conceptual and is not a mineral resource. It plans to begin metallurgical testing in late Q4 2026 to establish project-specific recoveries for copper, nickel, and cobalt. Earlier in September, Viridian reported its <a href="https://www.bnnbloomberg.ca/press-releases/2026/09/08/viridian-intersects-over-50-metres-of-mineralization-from-surface-at-kraken-main/" target="_blank" rel="noopener">first 2026 assays</a>, including 50.15 meters grading 0.68% CuEq from 1 meter downhole in the extension of hole VKS25-024. That interval included 11.6 meters of 1.28% CuEq. The fully funded 2026 program began June 9 and was planned as about 50 diamond drill holes to infill between widely spaced holes along the Main Zone, extend earlier intercepts that ended in mineralization, and test new conductor targets. Drilling was expected to continue through the end of October. Viridian also holds the Sedna copper project in Labrador. <h2 dir="ltr">Moriarty Says Assays Will Be ‘the Real News'</h2> Bob Moriarty of 321gold.com told Streetwise Reports that Viridian recently announced visual results from its drilling at Kraken. "The company has two drill rigs turning and expects to continue through the end of October at their high-grade copper, nickel, cobalt Kraken project in Labrador," Moriarty said. He noted that the company is "drilling short" holes "to define a resource." "The real news will be when the company starts to release assay results near the end of October," he said. <div> <div aria-label="Chat messages" aria-describedby="_r_fc_"> <div aria-setsize="12" aria-posinset="12" aria-label="Message 12 of 12"> <h2 dir="ltr">AI and the Grid Are Outrunning Copper Supply</h2> Copper has set records this year. Benchmark copper on the London Metal Exchange hit a record US$14,875 a tonne on September 10, and Comex copper later <a href="https://metalradar.com/article/copper-falls-from-near-record-highs-on-profit-taking-and-firmer-dollar-1790168877" target="_blank" rel="noopener">reached a record US$6.83 per pound</a>, with LME prices up 18% for the year as of late September. Viridian CEO Tyrell Sutherland has said prices consistently above US$6 per pound reflect "what we believe is a permanent structural shift," <a href="https://www.mining-technology.com/news/viridian-metals-copper-zones-up-at-kraken/" target="_blank" rel="noopener">Mining Technology reported</a>. Electricity is the main driver. In its January study <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">Copper in the Age of AI</a>, S&P Global projected global power demand will rise nearly 50% by 2040, and copper demand with it, from 28 million metric tons in 2025 to 42 million metric tons. Demand from AI and data centers, along with defense, is expected to roughly triple, together adding about 4 million metric tons a year. S&P expects supply to fall 10 million metric tons short by 2040, leaving about 25% of demand unmet, and <a href="https://press.spglobal.com/2026-01-08-Substantial-Shortfall-in-Copper-Supply-Widens-as-the-Race-for-AI-and-Growing-Defense-Spending-Add-to-Accelerating-Demand,-New-S-P-Global-Study-Finds" target="_blank" rel="noopener">called the shortfall</a> a "systemic risk for global industries, technological advancement, and economic growth." New mines won't close that gap quickly. Copper mines that began production between 2020 and 2023 took an average of <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/major-copper-discoveries" target="_blank" rel="noopener">17.9 years</a> from discovery, up from 12.7 years for mines starting in 2005 to 2009, S&P found. In Canada, critical minerals mines averaged <a href="https://press.spglobal.com/2024-07-18-United-States-Ranks-Next-to-Last-in-Development-Time-for-New-Mines-that-Produce-Critical-Minerals-for-Energy-Transition%2C-S-P-Global-Finds" target="_blank" rel="noopener">27 years</a> in a 2024 S&P study, though the firm said Canadian projects reach production more reliably than U.S. ones.[OWNERSHIP_CHART-11745] <h2 dir="ltr">Ownership and Share Structure1</h2> About 56% of the company is owned by insiders and management, and about 17% by institutions. The rest is retail. Its market cap is CA$45.18 million with 57.93 million shares outstanding. It trades in a 52-week range of CA$0.33 and CA$1.01. Common Questions from Investors </div> </div> </div> What did Viridian's October 2 step-out drilling show? All eight successfully drilled holes along about 3 kilometers of southern Kraken Main intersected visually identified patchy net-textured and semi-massive sulfides, with the widest interval reaching 47.3 meters. The results are visual only, and assays are pending. When are assay results expected? Viridian expects assays from the southern step-out holes before the end of October. What is the exploration target at Kraken Main? On September 15, Viridian announced an initial exploration target of 41 million to 61 million tonnes grading 0.35% to 0.52% CuEq. It is based on drilling completed before the 2026 program and is conceptual, not a mineral resource. How does the new drilling compare with previous work? The southern 3 kilometers of Kraken Main were previously represented by only two partially analyzed holes more than a kilometer apart, plus a 2023 hole at its southern end. The new holes hit sulfides at an average spacing of about 400 meters. What does DTC eligibility mean for U.S. investors? Viridian's shares can now be cleared and settled electronically through the Depository Trust Co., which the company said should make them easier to trade and improve liquidity in the U.S., where they trade on the OTCQB under VIRMF. Why is copper demand expected to outpace supply? S&P Global projects copper demand will rise 50% to 42 million metric tons by 2040 as electricity use grows, with AI, data centers, and defense among the fastest-growing sources. New mines are slow to come online, averaging 17.9 years from discovery to production for those that started between 2020 and 2023. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32803"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32803" width="0" height="0"> ( Companies Mentioned: VRDN:CSE;VIRMF:OTCQB, ) Wed, 14 Oct 2026 00:00:00 PST Mackay Gold Draws Expert Chen Lin's Interest After Recent Site Visit https://www.streetwisereports.com/article/2026/10/14/mackay-gold-draws-expert-chen-lins-interest-after-recent-site-visit.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/mackay-gold-draws-expert-chen-lins-interest-after-recent-site-visit.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Mackay Gold and Silver Corp. (MACK:TSXV; MKGSF:OTCQB) consolidates Comstock Lode with recent acquisitions and drill results; newsletter writer Chen Lin highlights the company as interesting after a visit.Mackay Gold and Silver Corp. (MACK:TSXV; MKGSF:OTCQB) continues to advance its consolidated land package in Nevada's historic Comstock district while drawing attention from stock newsletter writer Chen Lin of What is Chen Buying? What is Chen Selling?. Chen recently visited both Mackay and peer P2 Gold Inc. (PGLD:TSXV;PGLDF:OTCMKTS) and described the pair as very interesting companies. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Mackay has agreed to acquire the historic Big Bonanza ground, a transaction intended to consolidate the entire 6 km Comstock Lode</li> <li>Initial drill results from Occidental South nearly doubled the known strike length of mineralization to 550 m (meters) with multiple thick oxide gold intercepts.</li> <li>Chen Lin highlighted Mackay, alongside P2 Gold, as interesting companies after recent site visits.</li> <li>Mackay's October 9, 2026, TSXV acceptance confirms the latest Nevada claims acquisition for US$4.3 million cash plus shares.</li> <li>The company remains well-funded with an ongoing 20,000 m drill program and regular assay updates expected.</li> </ul> <h2 style="text-align: center;">Back-to-Back News for Mackay</h2> On <a href="https://www.stockwatch.com/News/Item/Z-C!MACK-3871130/C/MACK" target="_blank" rel="noopener">October 9, 2026,</a> the TSX Venture Exchange accepted for filing Mackay's arm's-length acquisition of 39 patented mining claims and additional lands in Storey and Lyon counties, Nevada, totaling approximately 392 hectares, for cash payments of US$4.3 million and 934,575 common shares at a deemed price of CA$2.95 per share, subject to a 2% NSR. This follows the company's September 10, 2026, <a href="https://mackaycorp.com/wp-content/uploads/2026/09/PRESS-NR_2026_Comstock-Lode-Big-Bonanza-Acquisition-Sept10_2026_Final.pdf" target="_blank" rel="noopener">definitive agreement</a> to acquire the historic Big Bonanza ground, consolidating the entire 6 km length of the Comstock Lode under a single ownership for the first time. <a href="https://mackaycorp.com/wp-content/uploads/2026/09/NR_First_Drill_Results_Sept15_2026-Final.pdf" target="_blank" rel="noopener">Initial drill results</a> from the inaugural 20,000 m program at Occidental South, released September 15, 2026, included thick near-surface oxide gold intercepts such as 1.00 g/t gold (Au) over 59.4 m (meters) in hole 26MGS007, 1.15 g/t Au over 47.2 m in hole 26MGS005, and 0.97 g/t Au over 48.8 m in hole 26MGS001, extending the strike length to approximately 550 m. <h2 style="text-align: center;">Chen Lin's Recent Site Visits Cause Intrigue</h2> Chen Lin of What is Chen Buying? What is Chen Selling?, who recently visited Mackay, said the company is "exploring rapidly in the historical Comstock mining district" and is taking a different approach from previous operator Comstock Inc. (LODE:NYSEAMERICAN). According to Lin, the previous owner controlled a small portion of the district and attempted to reach production through heap leaching at a targeted rate of 20,000 ounces of gold per year, but "failed to make money." Lin said Mackay's management is instead focusing on the district's lower-grade, open-pit potential first. He believes the company could "relatively easily prove 2-3 million oz of gold, open pit, ~1g/ton" before pursuing the higher-grade deposits that made the Comstock district historically significant. "Then they will hunt for the whales, which makes this district so famous in history," Lin said. Lin then noted that Mackay's exploration strategy relies primarily on reverse-circulation (RC) drilling, meaning investors should expect results that are largely around 1 g/t Au, consistent with the company's recently announced results. While some investors may be anticipating a high-grade discovery, Lin said the company is also conducting deeper core drilling, noting that "it will likely take time." Describing Mackay as a "relatively unknown story and recent IPO," Lin stated that its initial public offering price was around CA$2 per share. He said he would "try to pick up shares on weakness as the drilling results come out." <blockquote class="callOut left">Chen Lin said he would "try to pick up shares on weakness as the drilling results come out."</blockquote> In the same statement, Lin also commented on Mackay peer P2 Gold, describing it as "a Cinderella stock of Nevada" after its share price appreciated approximately 30-fold from its low two years earlier. He said the company plans to file for a mining permit in early 2027, expects approval by year-end 2027, and is targeting its first gold pour in 2028. According to Lin, P2 Gold believes it currently has approximately 3 million ounces of gold equivalent (AuEq) and is targeting 5 million ounces or more through exploration, with an updated mineral resource targeted for the fourth quarter of 2026. Lin added that the company plans to secure a financing package as it advances the permitting process. <a href="https://beta.finance.yahoo.com/quote/PGLD.V/" target="_blank" rel="noopener">P2 Gold Inc. has shown strong recent performance</a>, with shares trading around CA$1.37 as of mid-October 2026 and significant year-to-date gains. As sector peers without any reported partnership or direct operational link, Lin's comparison highlights shared appeal in the current gold exploration environment. <h2 style="text-align: center;">Gold Prices Lower But Still Strong</h2> Gold has pulled back sharply from its 2026 high, with prices remaining near US$4,160 per ounce as of October 13, 2026. <a href="https://www.goldprice.com/gold-price-today" target="_blank" rel="noopener">GoldPrice.com</a> reported that gold closed at US$4,160.79 on October 13, 2026, following a previous close of US$4,171.65. The metal has faced pressure from elevated Treasury yields, a stronger U.S. dollar, and shifting expectations for Federal Reserve policy. Investors are now watching U.S. inflation data and Federal Reserve commentary for further indications of the direction of interest rates, which can affect the opportunity cost of holding non-yielding gold. The September correction was particularly notable because investment demand remained comparatively strong. The <a href="https://www.gold.org/goldhub/research/gold-market-commentary-september-2026" target="_blank" rel="noopener">World Gold Council</a> reported that gold fell 8.5% during September, while global gold ETFs recorded US$10 billion in inflows, equivalent to 67 tonnes. The divergence between ETF inflows and declining futures positions highlighted how distinct investor groups responded differently to the market correction. The broader demand picture also remains relevant to the gold sector. The <a href="https://www.gold.org/node/18275" target="_blank" rel="noopener">World Gold Council's Q2 2026 Gold Demand Trends report</a> showed that total gold demand, including over-the-counter activity, reached 2,522 tonnes during the first half of 2026, up 2% year over year, while the value of demand reached a record US$380 billion. The council's outlook identified investment demand as a principal potential source of gold-demand growth through the remainder of 2026, with central banks also expected to remain significant buyers. At the same time, elevated prices have continued to weigh on jewelry demand. <blockquote class="callOut left right">The Paydirt Prospector called Mackay's recent news "a big moment" for the company. </blockquote> The September decline also affected gold equities, underscoring the sensitivity of mining companies to movements in the underlying metal. <a href="https://www.mining.com/top-50-mining-companies-take-264-billion-hit-as-gold-trade-unwinds-lithium-stocks-exit/" target="_blank" rel="noopener">Mining.com</a> reported that the world's 50 most valuable mining stocks lost approximately US$264 billion in market value during September. The publication noted that gold futures declined from about US$4,441 per ounce at the end of August to US$4,158 per ounce at the end of September, a 6.4% monthly decline. Rising bond yields, a firmer dollar, and tighter monetary-policy expectations contributed to the selloff. For exploration-stage companies, the current gold market presents both opportunities and risks. Gold remains near US$4,160 per ounce, while ETF inflows and broader investment demand have provided evidence of continued investor interest despite the September correction. However, recent price volatility illustrates how quickly shifts in interest-rate expectations, bond yields, currency movements, and investor positioning can affect gold equities. For companies advancing exploration programs in established gold districts, prices remain elevated in historical terms, but near-term fluctuations remain an important consideration when evaluating project economics and financing prospects. <h2 style="text-align: center;">Newsletter Writers Optimistic Over Results</h2> "The attraction [of Mackay] is the quality of the address and the potential scale," wrote Dominic Frisby of <a href="https://www.theflyingfrisby.com/p/1-my-ten-largest-gold-mining-positions?utm_source=publication-search" target="_blank" rel="noopener">The Flying Frisby</a> on September 17, 2026. Frisby argued that, "This is not about geological theory. There is historically proven gold and silver here. Modern drilling and geological interpretation are beginning to show that the mineralization may extend beyond what the historic miners exploited around the old workings." Another reason Frisby has expressed interest in the company is its "extremely capable" CEO, Darwin Green. On the same day, Jeff Clark, Daniel Flynn, and Sharyn Alexander of <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/our-new-nevada-gold-pick-kicks-off-drilling-with-a-bang-plus-more-updates-including-3-stocks-added-to-gdxj/#mc" target="_blank" rel="noopener">The Paydirt Prospector</a> called Mackay's recent news "a big moment" for the company. "This is the start we were after," the trio wrote, giving a "Strong Buy" recommendation. They continued, "Mackay has the land, the team, and the balance sheet to attack the Comstock properly, and it’s now entering what should be an intense news flow period . . . now we want to see the oxide footprint keep growing and what the deeper Sutro Tunnel drilling can uncover as more assays are released." <h2 style="text-align: center;">Further Drilling Ahead</h2> According to Mackay's September <a href="https://mackaycorp.com/wp-content/uploads/2026/09/Mackay-Gold-Silver-Sept-15-2026-final.pdf" target="_blank" rel="noopener">investor presentation</a>, upcoming catalysts include additional assay results from its Phase 1 drill program at the Comstock District, where the company aims to outline 1–2 million ounces of gold over the next year, while its Sutro drilling is targeting a potential high-grade gold-silver discovery. Mackay also plans to develop its Lucerne and Dayton deposits by bringing historical estimates into compliance with NI 43-101 resource reporting standards, potentially supported by confirmation and expansion drilling. Further exploration across the district, including work to identify previously undiscovered high-grade veins, could provide additional opportunities to expand the company's resource base. [OWNERSHIP_CHART-11638] <h2 style="text-align: center;">Ownership & Share Information1</h2> Mackay Gold and Silver Corp. has a market cap of CA$259.44 million, with 87.77 million shares outstanding. The company's 52-week range is CA$1.96-CA$5.00. Institutions own 8.69% of shares, while Management & Insiders own 2.26%. The remaining 89.05% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What did Chen Lin say about Mackay Gold and P2 Gold? A: On October 12, 2026, Chen Lin stated, "I just came back from visits to PGLD.v and MACK.v. Both are very interesting companies. I will post some pictures later. PGLD.v is really a Cinderella." Q: What were the latest drill results at Occidental South? A: The September 15, 2026, release reported intercepts including 1.00 g/t gold over 59.4 m, 1.15 g/t gold over 47.2 m, and 0.97 g/t gold over 48.8 m from step-out holes. Q: How does the Comstock consolidation benefit Mackay? A: The acquisitions unite the full 6 km Comstock Lode and parallel structures under one owner for the first time, enabling district-scale exploration. Q: What is the status of the Big Bonanza acquisition? A: The TSXV accepted the filing on October 9, 2026, following the September 10 agreement; the deal expands the land package by 392 hectares. Q: How does Mackay compare to P2 Gold as a peer? A: Both are gold exploration companies visited by Chen Lin in October 2026 and described as interesting; P2 Gold Inc. has reported strong recent share performance, while Mackay advances Comstock drilling and consolidation. Q: What is an open-pit gold mine? A: An open-pit gold mine extracts gold-bearing rock from a large surface excavation rather than through underground tunnels. This method is often considered for deposits that are relatively close to the surface and spread across broad areas, including the lower-grade mineralization being explored at Nevada's Comstock district. Q: What is reverse-circulation (RC) drilling in mineral exploration? A: Reverse-circulation drilling is an exploration method that uses compressed air to bring rock samples to the surface through the inner tube of a drill rod. These samples help geologists assess mineralization, estimate its extent, and identify areas for further drilling. Q: What does grams per tonne (g/t) mean in gold mining? A: Grams per tonne is a measurement of gold grade that indicates how many grams of gold are present in one metric tonne of rock. For example, a drill intercept grading 1 g/t gold contains an average of one gram of gold per tonne across the reported interval; grade alone does not establish whether a deposit can be mined economically. Q: What is a mineral resource estimate (MRE), and why is NI 43-101 important? A: A mineral resource estimate is an assessment of the quantity and grade of mineralization that geological evidence indicates may be present in a deposit. NI 43-101 is Canada's regulatory standard for public disclosure of scientific and technical information about mineral projects, including resource estimates. Historical estimates may require additional verification before they can be reported as current mineral resources under the standard. Q: What is a net smelter return (NSR) royalty in mining? A: A net smelter return royalty is a payment to a royalty holder based on the revenue from mineral production after specified deductions, which may include transportation, smelting, and refining costs. Mackay's October 2026 claims acquisition is subject to a 2% NSR royalty, meaning the royalty holder may be entitled to a share of qualifying revenue if production occurs under the agreement's terms. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32798"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32798" width="0" height="0"> ( Companies Mentioned: MACK:TSXV;MKGSF:OTCQB, ) Wed, 14 Oct 2026 00:00:00 PST Seabridge Gold Heads to Wyoming for an Olympic Dam-Style Gold and Critical Minerals Play https://www.streetwisereports.com/article/2026/10/14/seabridge-gold-heads-to-wyoming-for-an-olympic-dam-style-gold-and-critical-minerals-play.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/seabridge-gold-heads-to-wyoming-for-an-olympic-dam-style-gold-and-critical-minerals-play.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Seabridge Gold Inc. (SEA:TSX; SA:NYSE) is buying Orogen Royalties' Slaughterhouse project in southern Wyoming for US$300,000 upfront to test an untapped copper-gold and critical minerals target. Find out what one analyst says matters more to the stock than new discoveries.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Seabridge Gold agreed to buy 100% of the Slaughterhouse iron oxide copper-gold (IOCG) project in southern Wyoming from Orogen Royalties for US$300,000 at closing, plus up to US$2.55 million in milestone payments.</li> <li>The deal gives Seabridge 163 U.S. mining claims and several years of Orogen's exploration data, while Orogen keeps a 2.5% net smelter return royalty on the claims and a 0.5% to 1% royalty in the surrounding area of interest.</li> <li>Slaughterhouse covers a 12-kilometer hematite-dominated trend, and grab samples have returned up to 12 grams per tonne gold and 7% copper.</li> <li>Mining executives ranked Wyoming fourth in the world for investment attractiveness in the Fraser Institute's 2024 survey, and the state is emerging as a critical minerals hub.</li> <li>Seabridge has not given an exploration budget or schedule, and analysts remain focused on a potential joint venture at its flagship KSM project in British Columbia.</li> </ul> <h2 dir="ltr" style="text-align: center;">A US$300,000 Ticket to an Untested Wyoming Copper-Gold Play</h2> <a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE)</a> is heading to southern Wyoming to test a type of deposit that has never been systematically explored there. <a href="https://www.seabridgegold.com/press-release/seabridge-gold-to-explore-wyoming-for-gold-and-critical-minerals" target="_blank" rel="noopener">On October 13, the company announced</a> it had agreed to acquire 100% of the Slaughterhouse iron oxide copper-gold (IOCG) project from Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTCQX). The deal adds 163 U.S. mining claims, plus several years of Orogen's exploration data, to a portfolio anchored by Seabridge's KSM project in British Columbia. Seabridge will pay US$300,000 at closing and up to US$2.55 million more if the project reaches set milestones, according to the release. Orogen will keep a 2.5% net smelter return royalty on the claims. It will also keep a smaller royalty on any project Seabridge generates in a 2,400-square-kilometer area of interest around them, <a href="https://www.finanzwire.com/press-release/orogen-royalties-inc-cve-ogn-orogen-royalties-enters-into-agreement-to-sell-the-slaughterhouse-copper-gold-project-to-seabridge-gold-3LYDngNEqsn" target="_blank" rel="noopener">Orogen said</a>. Closing is subject to customary conditions. <h2 dir="ltr" style="text-align: center;">Why Wyoming? A Mining-Friendly State With Old Districts and New Ideas</h2> Wyoming has become one of the better-regarded places in the world to explore. In the Fraser Institute's <a href="https://www.fraserinstitute.org/sites/default/files/2025-07/annual-survey-of-mining-companies-2024_0.pdf" target="_blank" rel="noopener">2024 Annual Survey of Mining Companies</a>, mining executives ranked Wyoming fourth of 82 jurisdictions for investment attractiveness, up from 26th a year earlier. They ranked it fifth for policy perception, though some raised concerns about its taxes. Wyoming dropped out of the <a href="https://www.fraserinstitute.org/sites/default/files/2026-02/annual-survey-of-mining-companies-2025.pdf" target="_blank" rel="noopener">2025 survey</a> because fewer than five companies responded for the state, the institute said. "If you look at all the states in the United States to try and get something permitted on, Wyoming's not a bad place to be," Seabridge Chairman and CEO Rudi Fronk told Streetwise Reports. Southern Wyoming has drawn prospectors for more than 150 years. Gold was found in the Medicine Bow Mountains in 1868, and copper was found in the Encampment district of the Sierra Madre in 1874, <a href="https://main.wsgs.wyo.gov/mineral-resources/metals/mining-districts/medicine-bow-mountains" target="_blank" rel="noopener">according to the Wyoming State Geological Survey</a>. Encampment's Ferris-Haggarty mine produced an estimated 21 million pounds of copper in the early 1900s. Most of the region's significant historical mines were never mined out, the survey said. Instead, they closed because of falling metal prices, technical limits, and complex ore below the oxidized zone. The state is also emerging as a critical minerals hub. It hosts two closely watched rare earth projects, <a href="https://cowboystatedaily.com/2025/05/27/companies-say-national-push-could-accelerate-need-for-wyomings-rare-earth-minerals" target="_blank" rel="noopener">Cowboy State Daily reported</a>. Seabridge said past work in southern Wyoming never fully explained the area's copper and gold. Regional occurrences have seen historical mining but no systematic modern exploration based on the IOCG model, Orogen said. <h2 style="text-align: center;">Proud Peak: The Anomaly BHP Never Drilled</h2> Slaughterhouse covers a 12-kilometer mineralized trend. It is hematite-dominated, and its geology resembles that of <a href="https://en.wikipedia.org/wiki/Gawler_Craton" target="_blank" rel="noopener">South Australia's Gawler Craton</a>, according to Orogen. The iron-rich alteration behind the mineralization extends across several hundred square kilometers along the Cheyenne belt. Grab samples have returned up to 12 grams per tonne gold and 7% copper, with gold closely tied to copper, and some areas show elevated heavy rare earth elements. Grab samples are selective and may not represent the wider mineralization. The main target, Proud Peak, has a density anomaly more than 2 kilometers long beneath high-level iron-rich alteration. Orogen compared it to the geophysical signature that came before the Prominent Hill discovery in South Australia. Seabridge also cited Prominent Hill and BHP Group Ltd.'s (BHP:NYSE; BHPLF:OTCPK) Olympic Dam as examples of the IOCG deposit type, not as evidence of what lies at Slaughterhouse. Fronk said BHP did early work in the region and identified a target it never drill tested. Bill Threlkeld, Seabridge's senior vice president of exploration, said in the release that IOCG systems can offer higher grades than porphyry deposits and can carry critical minerals. Fronk said in the release that Seabridge plans a novel approach using modern exploration thinking and tools, and that the project is at an early stage. Seabridge did not give an exploration budget or schedule. After the US$300,000 closing payment, Seabridge will owe: <ul dir="ltr"> <li>US$300,000 after 10,000 meters of drilling on Slaughterhouse and/or the surrounding area of interest.</li> <li>US$750,000 on publication of a mineral resource estimate for Slaughterhouse and/or the surrounding area of interest.</li> <li>US$1.5 million when commercial production begins, paid as an advance minimum royalty</li> </ul> Seabridge can buy back 0.5% of Orogen's 2.5% royalty for US$5 million, according to Orogen. Orogen's royalty in the surrounding area of interest ranges from 0.5% to 1%. "Seabridge has one of the most successful exploration track records in our industry," said Orogen CEO Paddy Nicol. Seabridge's principal assets are the KSM project and the Bronson Corridor in British Columbia's Golden Triangle. It also holds the Snowstorm project in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon. <h2 dir="ltr" style="text-align: center;">Analysts Look Past Wyoming to the KSM Deal</h2> <div> <div role="feed" aria-label="Chat messages" aria-describedby="_r_h5_"> <div> <div tabindex="0" role="article" aria-setsize="38" aria-posinset="38" aria-label="Message 38 of 38"> <div> Writing for <a href="https://thedeepdive.ca/seabridge-gold-picks-up-wyoming-copper-gold-project-from-orogen/" target="_blank" rel="noopener">The Deep Dive</a> on October 13, Jay Lutz noted southern Wyoming's century-long history of copper and gold production. He highlighted Proud Peak, where a dense geophysical body more than 2 kilometers long sits beneath iron-rich alteration. He added that Seabridge has yet to disclose a work program or budget. RBC Capital Markets kept its Outperform rating on Seabridge on September 16 and raised its target to US$72 from US$71, <a href="https://www.benzinga.com/stock/sa/ratings" target="_blank" rel="noopener">according to Benzinga</a>. B. Riley Securities kept its Buy rating on August 3 but cut its target to US$40 from US$65. <blockquote class="callOut left" dir="ltr">RBC Capital Markets kept its Outperform rating on Seabridge on September 16 and raised its target to US$72 from US$71.</blockquote> Stonegate Capital Partners analyst Dave Storms wrote on August 20 that progress on KSM ownership and financing matters more to the stock than resource growth. He called a joint venture the next major catalyst and set a US$72.28 target. Cantor Fitzgerald analyst Mike Kozak called Seabridge's US$100 million financing moderately positive on July 20, keeping his Buy rating and CA$66 target. He expected a joint venture deal in 2026. KSM "is among the world's largest development-stage gold-copper projects," he wrote, "scoped to produce +1.0 MMoz Au [million ounces of gold]/year." </div> <div> <h2 dir="ltr" style="text-align: center;">Gold's Dip Draws Record ETF Buying</h2> Gold has cooled from its January peak, but the long-term buyers haven't left. December gold futures traded at about US$4,201 an ounce on the morning of October 13, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-tuesday-october-13-2026-lower-gold-prices-could-be-the-next-buying-opportunity-105035019.html" target="_blank" rel="noopener">Yahoo!Finance reported</a>, up about 4.4% from a year earlier. The metal finished September at US$4,176, down 8.5% for the month and well below its record of US$5,405 set on January 29, <a href="https://www.gold.org/goldhub/research/gold-market-commentary-september-2026" target="_blank" rel="noopener">according to the World Gold Council</a>. The council said higher Treasury yields, a stronger dollar, and heavy selling of futures contracts drove the drop. Investors in physical gold kept buying anyway. Global gold-backed exchange-traded funds took in US$10 billion in September and a record US$31 billion in the third quarter, pushing holdings to a record 4,256 tonnes, <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">the council said</a>. It called the split between ETF buying and futures selling unusual. Of strong inflows into U.K. funds, it said: "This looks less like the short-lived 2022 surge and more like a sustained shift in demand." It added that some investors may see the rise in yields "as a warning rather than a healthy normalization." Big banks still see room to run. In June, J.P. Morgan forecast gold at US$6,000 an ounce by the end of 2026 and an average of about US$6,263 in 2027, <a href="https://www.jpmorgan.com/insights/global-research/commodities/gold-prices" target="_blank" rel="noopener">according to the bank</a>. It cited steady central bank buying, including purchases that go unreported, as a key support.[OWNERSHIP_CHART-700] Ownership and Share Structure1 </div> </div> </div> <div aria-hidden="true"> Management and insiders own approximately 2.43% of Seabridge, strategic investors own about 9.89%, while institutions hold about 61.79%. Retail investors account for the balance. The company has roughly 107.87 million shares outstanding, a market capitalization of about CA$4.34 billion, and a 52-week trading range of approximately CA$28.29 to CA$50.77. </div> </div> </div> <h2 style="text-align: center;">Common Questions from Investors</h2> What is Seabridge buying? The Slaughterhouse project in southern Wyoming: 163 U.S. mining claims, plus Orogen Royalties' geophysical, geological, and sampling data. Seabridge is targeting an iron oxide copper-gold (IOCG) system, a deposit type that can carry high-grade gold, copper, and critical minerals. What are the deal terms? Seabridge will pay US$300,000 at closing. It will pay another US$300,000 after 10,000 meters of drilling, US$750,000 on a mineral resource estimate, and US$1.5 million when commercial production begins. Orogen keeps a 2.5% net smelter return royalty, of which Seabridge can buy back 0.5% for US$5 million, plus a 0.5% to 1% royalty in a 2,400-square-kilometer area of interest. Why Wyoming? Mining executives ranked Wyoming fourth of 82 jurisdictions for investment attractiveness in the Fraser Institute's 2024 survey. Southern Wyoming has a history of copper and gold mining dating back to the 1860s, but it has never been systematically explored with the IOCG model in mind. "Wyoming's not a bad place to be," CEO Rudi Fronk told Streetwise Reports. What is the main target? Proud Peak, where a density anomaly more than 2 kilometers long sits beneath iron-rich alteration. Orogen compared it to the geophysical signature that came before South Australia's Prominent Hill discovery. What happens next? Seabridge plans to use modern exploration tools and new geological models at Slaughterhouse. It has not announced a work program, budget, or schedule, and the deal is subject to customary closing conditions. What do analysts say about Seabridge? RBC Capital Markets rates it Outperform with a US$72 target, and Cantor Fitzgerald rates it a Buy with a CA$66 target. Stonegate Capital Partners set a US$72.28 target. The analysts see a joint venture at KSM as the next major catalyst. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc. and Orogen Royalties.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32796"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32796" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE, ) Wed, 14 Oct 2026 00:00:00 PST There Is No Shortage of Tungsten. This Mining Veteran Says the Real Opportunity Is Somewhere Else. https://www.streetwisereports.com/article/2026/10/15/there-is-no-shortage-of-tungsten-this-mining-veteran-says-the-real-opportunity-is-somewhere-else.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/there-is-no-shortage-of-tungsten-this-mining-veteran-says-the-real-opportunity-is-somewhere-else.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE) is targeting tungsten production in Portugal, as veteran resource investor Bob Moriarty explains why getting the critical mineral to market matters more than finding new deposits.<h2>Key Investor Takeaways</h2> <div> <div> <ul> <li>Tungsten's biggest challenge may be production, not scarcity. Veteran resource investor Bob Moriarty argues that companies capable of delivering tungsten quickly could have an advantage as China dominates global supply.</li> <li>Allied Critical Metals is targeting near-term production. Its Vila Verde project in Portugal is targeting the first tungsten concentrate in Q4 2026, subject to regulatory approvals and equipment delivery.</li> <li>Financing and offtake agreements support Allied's strategy. Allied announced a US$25 million equity financing and a separate US$15 million project financing facility in April 2026. It closed the second equity tranche in September, and a binding offtake agreement covers 50% of the planned Vila Verde pilot plant concentrate production.</li> <li>Analysts see potential upside. Ventum Capital Markets increased its CA$2.95 price target to CA$4.80, while Diamond Equity Research reaffirmed a CA$3.50 valuation in September 2026.</li> </ul> </div> </div> <h2>Tungsten's Real Supply Problem: Bob Moriarty Says Production Matters More Than Resources</h2> Veteran resource investor Bob Moriarty believes the tungsten market is facing a problem that has little to do with how much of the critical mineral exists underground. Instead, he argues that the real constraint is the amount of tungsten producers can bring to market, particularly as China maintains its dominant position in global supply. <a href="https://www.youtube.com/watch?v=XZZNSij5D-Y" target="_blank" rel="noopener">During an October 9 appearance on the Old Gold video podcast, </a>Moriarty, the founder of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold</a> and a longtime commentator on precious metals and natural resources, explained why he believes companies capable of moving into production quickly may have an advantage over those still years away from developing their deposits. "There is no shortage of tungsten," Moriarty said. "China has plenty of tungsten. Portugal has plenty of tungsten. South Korea has plenty of tungsten." His argument centers on the difference between possessing tungsten resources and having the operational capacity to produce and deliver the metal. "The issue is not how rare tungsten is. The issue is how rare is tungsten production that you can actually deliver," he said. That distinction could be particularly relevant for companies working to bring existing tungsten projects into production rather than beginning lengthy exploration programs. One company whose development plans can be examined through that lens is Allied Critical Metals, which is advancing two tungsten projects in northern Portugal and targeting initial production during the fourth quarter of 2026. Moriarty did not discuss Allied Critical Metals during the interview. Rather, his observations provide a broader industry perspective against which Allied's stated production plans can be evaluated. The scale of China's influence was a central part of Moriarty's argument. When the podcast host suggested China controlled approximately 85% of the tungsten supply, Moriarty responded that he believed the figure was closer to 90%. The latest available figures from the <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026.pdf" target="_blank" rel="noopener">U.S. Geological Survey's 2026 Mineral Commodity Summaries</a> put China's estimated 2025 tungsten mine production at 67,000 metric tons out of a worldwide total of 85,000 metric tons, representing approximately 78.8% of global output. Although lower than either estimate discussed during the interview, the figures confirm China's dominant position in tungsten mining. The USGS also reported that China introduced export controls on selected tungsten products in February 2025, contributing to sharply higher international prices. According to the agency, Rotterdam prices for ammonium paratungstate (APT), an important intermediate tungsten product, increased from US$331 to US$675 per metric ton unit during 2025. More recent pricing data supported Moriarty's observation that tungsten had risen by hundreds of percent over the preceding year. <a href="https://www.fastmarkets.com/insights/supply-chain-resilience-needed-as-tungsten-markets-evolve-cove-kaz-capital-group/" target="_blank" rel="noopener">Fastmarkets reported on October 9</a> that its October 2 assessment for APT delivered to Rotterdam and Baltimore stood at US$2,700 to US$2,900 per metric ton unit, approximately 355% above its October 3, 2025, assessment of US$580 to US$615. Moriarty argued that the supply imbalance did not necessarily reflect a lack of tungsten deposits. Instead, he pointed to the economics that had previously forced Western operations to close. "There are dozens of tungsten mines in the U.S. and Canada, all over the world," he said, explaining that many had gone out of business because prices had not justified continued operations. In his view, higher prices and geopolitical tensions have changed the economics of tungsten production, but they have not eliminated the time required to develop new mines. "There are tons of tungsten projects out there," Moriarty said. "If you want to deal with somebody who's planning on drilling for the next five years, good luck with that." The implication for investors is that a company's ability to produce and deliver tungsten may matter more in the near term than the size of its undeveloped mineral resources. Higher prices could improve project economics, but financing, permitting, processing capabilities, and execution remain important considerations. Portugal is particularly relevant to this discussion because Moriarty specifically identified the country as having substantial tungsten resources. USGS figures show that Portugal produced an estimated 700 metric tons of tungsten in 2025, establishing it as an existing producer outside China. That geographic connection provides a basis for examining Allied Critical Metals' plans to advance its two northern Portugal tungsten projects toward production. With the company targeting initial production in the fourth quarter of 2026, its progress offers a potential test of the distinction Moriarty drew between identifying tungsten resources and delivering tungsten to the market. <h2>Allied's Portugal Projects Put Production in Focus</h2> Moriarty's comments provide a relevant backdrop for <a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener">Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE),</a> which is advancing two tungsten projects in northern Portugal. The company's near-term production strategy reflects Moriarty's distinction, which he drew between identifying tungsten resources and delivering concentrate to market. At its Vila Verde project, Allied is targeting first tungsten concentrate production from a pilot plant in the fourth quarter of 2026, subject to regulatory approvals and delivery of long-lead equipment. The operation would initially process up to 150,000 tonnes of mineralized material annually, with potential expansion to 300,000 tonnes. The timeline represents a delay from the company's original fourth-quarter 2025 target. Allied is working to convert its exploration license into an experimental mining license, allowing it to begin production while pursuing longer-term development approvals. As of the latest information provided, the first concentrate production had not been confirmed. <h2>Financing and Offtake Support the Production Strategy</h2> <a href="https://alliedcritical.com/2026/04/24/allied-critical-metals-announces-transformative-u-s-40-million-financing-package-to-fast-track-tungsten-concentrates-production/" target="_blank" rel="noopener">In April 2026, Allied announced a US$40 million financing package,</a> comprising a US$25 million equity offering and a separate US$15 million project financing facility for the Vila Verde pilot plant. The company reported more than US$45 million in cash liquidity and available project financing in its May corporate update. <a href="https://alliedcriticalusa.com/2026/09/28/allied-critical-metals-announces-closing-of-second-tranche-of-u-s-25-million-private-placement-and-announces-new-strategic-investor/" target="_blank" rel="noopener">On September 28</a>, Allied announced that it had closed the second tranche of the equity offering, raising US$15 million from Tribeca Investment Partners. Allied also secured a binding five-year offtake agreement covering 50% of Vila Verde's planned pilot plant concentrate production, with a 2026 floor price of US$1,000 per metric tonne unit. It has separately announced a letter of intent with Pennsylvania-based Global Tungsten & Powders for concentrate sales, although the current status of that arrangement requires confirmation. <a href="https://alliedcritical.com/allied-critical-metals-projects-borralha/" target="_blank" rel="noopener">Allied's larger, 100%-owned Borralha Tungsten Project</a> is a past-producing operation described by the company as one of the European Union's largest undeveloped tungsten resources. An April 2026 preliminary economic assessment outlined an initial 11-year mine plan, with an estimated after-tax net present value of US$134 million at an 8% discount rate and a 27.2% internal rate of return under its base-case assumptions. A fully funded 20,000-meter drilling program is underway, targeting resource conversion and expansion. Borralha received a favorable Environmental Impact Declaration in January 2026. <h2>Analysts See Upside as Allied Advances Its Tungsten Projects</h2> On September 18, Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$2.95 price target on Allied, describing recent Santa Helena drilling results as "Modestly Positive." He emphasized the importance of converting inferred resources into higher-confidence categories as Borralha advances toward more detailed studies. <blockquote class="callOut left">Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$4.80 price target on Allied Critical Metals.</blockquote> On September 30, Sankarasubramanian shared an update on Allied, where he raised his price target to CA$4.80, while maintaining his Buy rating. Diamond Equity Research analyst Hunter Diamond reaffirmed a CA$3.50 per-share valuation in a September 25 company-sponsored research update. Diamond highlighted the drilling program's contribution to resource confidence, engineering, and mine planning, while noting that successful execution remained important to the valuation. [OWNERSHIP_CHART-11251] For Allied, the immediate test of Moriarty's production-focused thesis is Vila Verde. Financing and offtake arrangements are in place, but the company's ability to produce and deliver tungsten concentrate will determine whether its near-term strategy translates into operating results. <h2 dir="auto" data-start="6617" data-end="6947">Ownership and Share Structure1</h2> Following the September 28 financing, Allied Critical Metals has approximately 194.63 million shares outstanding, subject to the company's post-closing share-count disclosure. The company's 52-week range is CA$0.33-CA$2.48. Institutions own 16% of shares, while Management and Insiders own 31%. The remaining 53% of shares are held by Retail. <h2>Frequently Asked Questions About Tungsten Supply, Prices, and Allied Critical Metals</h2> Why is tungsten becoming one of the most important critical minerals in 2026? Tungsten is a strategically important metal used in defense equipment, aerospace components, industrial manufacturing, and high-performance cutting tools. Its exceptional hardness and high melting point make it difficult to replace in certain applications. Growing concerns about China's dominance of global tungsten production and export restrictions have increased attention on alternative suppliers, particularly in Europe and North America. Is there a global tungsten shortage in 2026? According to veteran resource investor Bob Moriarty, the primary problem is not a shortage of tungsten resources but a shortage of production that can actually reach customers. During an October 9, 2026, appearance on the Old Gold podcast, Moriarty emphasized that countries including Portugal and South Korea have tungsten deposits, but relatively few projects are positioned to deliver near-term production. How much of the world's tungsten does China control? According to the U.S. Geological Survey's 2026 Mineral Commodity Summaries, China produced approximately 67,000 metric tons of tungsten in 2025, representing about 79% of estimated global mine production. China's dominant market position and restrictions on selected tungsten exports have increased interest in developing tungsten mines outside China. How much have tungsten prices increased in 2026? Tungsten prices have risen sharply amid supply concerns and export restrictions. Fastmarkets assessed ammonium paratungstate (APT) delivered to Rotterdam and Baltimore at US$2,700 to US$2,900 per metric tonne unit on October 2, 2026, approximately 355% above its assessment from October 3, 2025. APT is an important intermediate product in the tungsten supply chain, although prices vary by product and market. Which tungsten mining companies could benefit from China's export restrictions? Companies developing tungsten production outside China have attracted attention as governments and industrial customers seek more diversified supply chains. Allied Critical Metals Inc. is one company pursuing near-term tungsten concentrate production in Portugal. Its ability to benefit from market conditions will depend on permitting, commissioning, production costs, and the successful delivery of concentrate. When will Allied Critical Metals begin tungsten production in Portugal? Allied Critical Metals has targeted the fourth quarter of 2026 for initial tungsten concentrate production from its Vila Verde pilot plant. The facility is designed to process up to 150,000 tonnes of mineralized material annually, with potential expansion to 300,000 tonnes. The target is subject to regulatory approvals and delivery of long-lead equipment. First production has not yet been confirmed in the information available for this article. What are Allied Critical Metals' Vila Verde and Borralha tungsten projects? Vila Verde and Borralha are two tungsten projects in northern Portugal. Vila Verde is the company's near-term production priority, using an existing quarry operation and a planned pilot processing facility. Borralha is a larger, past-producing tungsten project with an initial 11-year mine plan outlined in its preliminary economic assessment. Allied is conducting a 20,000-meter drilling program at Borralha to support resource conversion, expansion, and further technical studies. Does Allied Critical Metals have tungsten offtake agreements with buyers? Allied has announced a binding five-year offtake agreement covering 50% of planned tungsten concentrate production from the Vila Verde pilot plant, including a 2026 floor price of US$1,000 per metric tonne unit. The company has also announced a letter of intent with Pennsylvania-based Global Tungsten & Powders for potential concentrate sales. The current status of that letter of intent requires confirmation. What is the Allied Critical Metals stock price target for 2026? Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$4.80 price target on Allied Critical Metals in September 2026. Diamond Equity Research analyst Hunter Diamond reaffirmed a CA$3.50 per-share valuation in a September 25 company-sponsored research update. These estimates reflect the analysts' assumptions and are not guarantees of future share performance. Why could Portugal become an important source of tungsten for the United States and Europe? Portugal has an established history of tungsten mining and existing mineral resources. Its location within the European Union makes it relevant to efforts to diversify critical mineral supply chains away from China. Projects such as Allied Critical Metals' Vila Verde and Borralha could contribute to an alternative tungsten supply if development, permitting, and production milestones are achieved. What should investors watch next for Allied Critical Metals stock? The most immediate milestone is the commissioning of the Vila Verde pilot plant and confirmation of the first tungsten concentrate production. Investors can also monitor the project's regulatory approvals, concentrate deliveries, progress under its offtake agreements, and results from Borralha's 20,000-meter drilling program. These developments could help determine whether Allied can transition from tungsten project development toward sustained production. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Allied Critical Metals Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Allied Critical Metals.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32795"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32795" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, ) Thu, 15 Oct 2026 00:00:00 PST Canada's Proposed Tax Overhaul Could Be a Game Changer for Gold Miners. Here's Why. https://www.streetwisereports.com/article/2026/10/16/canadas-proposed-tax-overhaul-could-be-a-game-changer-for-gold-miners-heres-why.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/canadas-proposed-tax-overhaul-could-be-a-game-changer-for-gold-miners-heres-why.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE) is generating positive free cash flow and investing millions in Canadian mine expansion as proposed tax changes could offer new incentives for domestic gold producers.<div> Canada's proposed Productivity Mega Deduction could reshape the economics of domestic mining investment, potentially allowing gold producers to retain more cash while developing new projects and expanding existing operations. The federal government introduced the proposal on September 15, 2026, outlining a permanent expansion of immediate tax deductions for qualifying business investments, including mining property and Canadian development expenses. According to a <a href="https://www.canada.ca/en/department-finance/news/2026/09/government-of-canada-introduces-new-productivity-mega-deduction-to-boost-canadas-advantage-as-the-most-competitive-g7-country-for-new-business-inve.html" target="_blank" rel="noopener">September 15 backgrounder from the Department of Finance Canada</a>, the proposal would expand the share of business investment in capital assets eligible for immediate expensing from approximately 15% to about two-thirds. Eligible businesses could deduct 100% of qualifying investments in the year assets become available for use, rather than depreciating those costs over several years. The government estimated that the measure would reduce Canada's marginal effective tax rate on new business investment from approximately 13% to 6.4%, compared with 16.9% in the United States. The proposal carries an estimated fiscal cost of CA$36 billion over five years. For Canada's mining industry, the implications could be substantial. Underground development, new equipment, and infrastructure expansion require significant upfront investment, often before additional production generates revenue. <a href="https://www.pwc.com/ca/en/services/tax/publications/tax-insights/canadas-productivity-mega-deduction-2026.html" target="_blank" rel="noopener">According to a September 2026 analysis from PwC Canada</a>, the proposed legislation would allow mining companies to immediately deduct qualifying Canadian development expenses incurred after September 15, 2026, rather than deducting them gradually through existing tax pools. The potential result is improved after-tax project economics and greater financial flexibility for producers investing in Canadian operations. However, the legislation remains proposed, and actual tax benefits would depend on qualifying expenditures, individual corporate tax positions, and final legislative provisions. <h2>West Red Lake Gold's Canadian Investment Strategy</h2> <a href="https://www.streetwisereports.com/pub/co/5614?utm_medium=feed" target="_blank" rel="noopener">West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE)</a> offers an example of a Canadian producer whose ongoing development activities could align with the proposed tax incentives. <a href="https://westredlakegold.com/west-red-lake-gold-declares-commercial-production-at-madsen-gold-mine/" target="_blank" rel="noopener">The company declared commercial production at its Madsen Mine in Ontario's Red Lake Gold District effective January 1, 2026,</a> and has since focused on increasing production while expanding access to additional high-grade mining areas. According to the <a href="https://westredlakegold.com/wp-content/uploads/2026/09/WRLG_CorpDeck_September2026.pdf" target="_blank" rel="noopener">company's 2026 investor presentation,</a> West Red Lake Gold targeted production of 35,000 to 45,000 ounces in 2026, with approximately 60% expected during the second half of the year. Its growth strategy includes underground connection drifts, shaft refurbishment, and development of additional mining areas, including the Fork satellite deposit and 904 Complex. The company outlined approximately CA$15 million in 2026 growth capital expenditures, including development associated with Fork. <a href="https://westredlakegold.com/west-red-lake-gold-reports-q2-2026-results-including-51-increase-in-gold-production-and-30-reduction-in-aisc/" target="_blank" rel="noopener">In its August 25, 2026, second-quarter financial results</a>, West Red Lake Gold reported CA$9.7 million in positive free cash flow, alongside a 51% quarterly increase in gold production to 8,576 ounces. Revenue reached CA$49 million, while all-in sustaining costs declined 30% to US$3,284 per ounce sold. "Q2 demonstrated the progress we are making at Madsen, with higher mining rates and gold production translating into stronger financial performance," President and CEO Shane Williams said in the release. The company also reported approximately CA$6.3 million in second-quarter non-sustaining growth capital expenditures, primarily associated with the Fork access drift and Madsen shaft refurbishment. Those investments are designed to increase underground access, improve hauling capacity, and support future production growth. Fork, located approximately 250 meters from the existing Madsen infrastructure, is targeted to enter the production profile in 2027. The company also plans to advance the 904 Complex into production during the first half of that year. These projects illustrate the types of Canadian mine development spending that could potentially qualify for accelerated deductions under the proposed Productivity Mega Deduction, provided the expenditures satisfy the legislation's eligibility and timing requirements. One consideration is West Red Lake Gold's existing tax position. Its presentation disclosed approximately CA$315 million in Canadian tax-loss carryforwards, which could affect the timing of any incremental cash-tax benefits from the proposed deduction. <h2>Free Cash Flow Takes Center Stage</h2> For Canadian gold producers, the proposed tax changes could strengthen the relationship between domestic investment and future free cash flow. Rather than waiting years to recover qualifying development costs through tax deductions, companies could potentially accelerate those deductions, reducing future taxable income and preserving capital for additional investment. <blockquote class="callOut left">Cantor Fitzgerald analyst Matthew O'Keefe reiterated his Buy rating and CA$2.20 price target on August 28.</blockquote> West Red Lake Gold has already demonstrated positive free cash flow while continuing to invest in its Canadian mining infrastructure. Although the company has not established which specific expenditures would qualify under the proposed legislation, its ongoing development program provides a practical example of the capital-intensive activities the government is seeking to encourage. As Canada advances the draft legislation, the potential impact on mine development costs, future tax liabilities, and free cash flow could become an increasingly important consideration for investors evaluating domestic gold producers. <h2>High-Grade Drilling Adds to Madsen's Growth Plans</h2> West Red Lake Gold also reported additional high-grade drilling results as it worked to expand future mining inventory at Madsen. According to a <a href="https://www.globenewswire.com/news-release/2026/09/22/3366077/0/en/west-red-lake-gold-reports-176-04-g-t-au-over-5-3m-128-32-g-t-au-over-4-5m-and-35-72-g-t-au-over-13-35m-from-austin-955-and-904-complexes.html">September 22 company news release</a>, drilling in the Austin 904, Austin 955, and South Austin areas returned several notable intercepts, including 176.04 grams per tonne (g/t) gold over 5.3 meters, with 925.52 g/t over one meter, and 128.32 g/t over 4.5 meters, including 566.81 g/t over one meter. The results were particularly relevant to the company's expansion strategy because the Austin 904 Complex contains an approximately 200-by-200-meter panel of previously unmined gold mineralization near existing underground infrastructure. The company said the area could support larger mining stopes and more efficient extraction as development advances. "The mineralized panels within the 904 and 955 complexes are holding together quite well with strong grades and continuity demonstrated across multiple areas," Vice President of Exploration Will Robinson said in the release. He added that the results supported the potential integration of these areas into the Madsen mine plan in 2027. A separate <a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3866239/C/WRLG">September 24 news release</a> highlighted the significance of the unmined material and West Red Lake Gold's broader hub-and-spoke development strategy. Under that approach, the Madsen mill could eventually process material from additional nearby deposits, including Starratt-Olsen and Rowan. The developments provide further context for the company's ongoing investment in underground access and infrastructure, although future production from these areas remains dependent on additional development and mine planning. <h2>Third Parties Highlight Madsen's Improving Production and Cash Flow</h2> West Red Lake Gold Mines Ltd.'s improving production and declining operating costs drew attention from analysts following the company's second-quarter results. <a href="https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html?utm_medium=feed" target="_blank" rel="noopener">Cantor Fitzgerald analyst Matthew O'Keefe reiterated his Buy rating and CA$2.20 price target on August 28</a>, representing a potential 134% return from the August 27 closing price of CA$0.94. O'Keefe highlighted a 51% quarterly increase in gold production to 8,576 ounces, alongside a 34% rise in sales to 8,260 ounces. Mill throughput climbed 47% to 842 tonnes per day, with gold recovery holding near 95%. Cash costs declined 23% to US$2,000 per ounce, while all-in sustaining costs fell 30% to US$3,284 per ounce. Free cash flow improved from negative CA$6.1 million in the first quarter to positive CA$9.7 million in the second. With first-half production reaching 14,243 ounces, O'Keefe considered the company "on track to meet full-year guidance, with output still weighted to H2/26." He maintained his valuation based on an equally weighted combination of 0.6 times net asset value and six times estimated 2027 cash flow per share. "We expect WRLG's valuation multiples to expand as the company establishes and meets its production and cost guidance over the course of 2026 and 2027," he wrote. Upcoming catalysts included additional drilling results, shaft refurbishment, development at Fork, and an updated pre-feasibility study incorporating Madsen and Rowan. Jeff Clark, Daniel Flynn, and Sharyn Alexander of <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/our-red-lake-producer-hits-paydirt-plus-strong-updates-from-four-more-picks/" target="_blank" rel="noopener">The Paydirt Prospector</a> examined the company's latest underground drilling results in a September 24 report, highlighting an intercept of 176.04 grams per tonne gold over 5.3 meters, equivalent to approximately 933 gram-meters. The authors noted that the result exceeded their 100 gram-meter benchmark for a strong gold intercept by more than nine times. The newsletter viewed the results from the Austin 904 and 955 complexes as supporting West Red Lake Gold's longer-term strategy of developing Madsen into a central processing hub for additional high-grade mining areas. The authors pointed to the company's longer-term production objective of approximately 120,000 ounces annually, while emphasizing that achieving higher production rates and reducing operating costs remained important near-term priorities. The publication maintained its Hold recommendation, identifying the planned combined Madsen-Rowan pre-feasibility study as a key development to monitor. The authors also noted that West Red Lake Gold shares had gained approximately 6% following the drilling announcement but remained roughly 20% below levels preceding the company's earlier operating difficulties. Investor and newsletter writer Chen Lin of What is Chen Buying? What is Chen Selling? had offered a more cautious assessment on May 13, following the company's revised 2026 guidance. Lin pointed to challenges involving previously mined underground areas and the time required to develop access to new mining zones. "That's the wait for this mine to 'turn around,'" he wrote. "Investors need to be patient." [OWNERSHIP_CHART-5614] <h2>Ownership and Share Structure1</h2> Institutional investors hold approximately 30% of West Red Lake Gold's shares, with management and insiders holding another 10%. The remaining 60% is held by retail investors. The company's current market cap is CA$323 million, with a 52-week trading range of CA$0.59 to CA$1.49. <h2>Frequently Asked Questions About Canada's Proposed Mining Tax Changes and West Red Lake Gold</h2> What is Canada's new Productivity Mega Deduction for gold mining companies? Canada's proposed Productivity Mega Deduction would allow businesses to immediately deduct 100% of qualifying capital investments, including eligible mining property, equipment, and Canadian development expenses. Announced September 15, 2026, the proposal would expand immediate expensing to approximately two-thirds of business capital investment. The measure remains proposed legislation and has not yet become law. How could Canada's proposed tax changes benefit Canadian gold mining stocks? The proposed tax incentives could improve after-tax cash flow and project economics for Canadian gold mining companies by accelerating deductions for qualifying investments. Producing gold miners with taxable income could potentially retain more cash for underground mine development, equipment purchases, exploration-related development, and production expansion. The actual tax benefits would depend on the types of expenditures incurred, each company's tax position, and the final legislation. Could West Red Lake Gold benefit from Canada's proposed mining tax incentives? West Red Lake Gold Mines Ltd. is investing in underground development at its Madsen Mine in Ontario, including connection drifts, shaft refurbishment, and access to the Fork satellite deposit. Certain qualifying expenditures incurred on or after September 15, 2026, could potentially receive immediate-expensing treatment. However, the company has not confirmed eligibility, and its approximately CA$315 million in Canadian tax-loss carryforwards could affect the timing of any additional tax savings. Is West Red Lake Gold producing gold and generating positive free cash flow in 2026? Yes. West Red Lake Gold declared commercial production at its Madsen Mine effective January 1, 2026. The company reported CA$9.7 million in positive free cash flow during the second quarter, compared with negative CA$6.1 million in the first quarter. Gold production increased 51% to 8,576 ounces, while all-in sustaining costs declined 30% to US$3,284 per ounce sold. What is West Red Lake Gold's 2026 production forecast? West Red Lake Gold maintained full-year 2026 production guidance of 35,000 to 45,000 ounces at the Madsen Mine, with approximately 60% of annual output expected during the second half. The company continued increasing mining rates, advancing underground development, and targeting higher mill throughput as part of its production ramp-up. What are West Red Lake Gold's plans for the Fork deposit and Madsen Mine expansion? West Red Lake Gold outlined approximately CA$15 million in 2026 growth capital spending, including development associated with the Fork satellite deposit. Fork and the 904 Complex were targeted to enter the production profile in 2027. The company also continued work on underground access drifts and shaft improvements intended to support higher production and greater operational flexibility. What is the analyst price target for West Red Lake Gold stock? Cantor Fitzgerald analyst Matthew O'Keefe reiterated a Buy rating and CA$2.20 price target for West Red Lake Gold on August 28, 2026. That target represented approximately 134% potential upside from the August 27 closing price of CA$0.94. O'Keefe cited improving gold production, declining operating costs, and the company's progress toward its 2026 production guidance. The price target reflected the analyst's assessment at that time and was not a guaranteed return. Why are free cash flow and tax deductions important for gold mining investors? Free cash flow measures cash remaining after operating expenditures and capital investments, providing insight into a gold producer's ability to fund expansion, reduce debt, or strengthen its balance sheet. Canada's proposed immediate-expensing rules could allow qualifying mining investments to generate tax deductions sooner, potentially improving future after-tax cash flow. For investors evaluating Canadian gold mining stocks, production growth, all-in sustaining costs, capital spending, and cash generation remain important financial indicators. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> </div> </div>Important Disclosures:<ol> <li>West Red Lakes Gold Mines Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32791"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32791" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE, ) Fri, 16 Oct 2026 00:00:00 PST Star Gold PEA Highlights Longstreet Upside as Gold Holds Near US$4,200 Amid Central Bank Demand https://www.streetwisereports.com/article/2026/10/13/star-gold-pea-highlights-longstreet-upside-as-gold-holds-near-us-4-200-amid-central-bank-demand.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/star-gold-pea-highlights-longstreet-upside-as-gold-holds-near-us-4-200-amid-central-bank-demand.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Star Gold Corp. (SRGZ:OTCQB) reported a positive PEA for its 100%-controlled Longstreet gold-silver project in Nevada, including a US$122 million pre-tax NPV sensitivity case at US$4,000/oz gold and US$60/oz silver, against a backdrop of continued central-bank gold purchases.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> is advancing its 100%-controlled Longstreet gold-silver project in Nevada with <a href="https://www.prnewswire.com/news-releases/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longstreet-gold-silver-project-in-nevada-302885857.html" target="_blank" rel="noopener">a positive Preliminary Economic Assessment (PEA)</a> released September 22, 2026. The study estimates a pre-tax net present value (NPV) of US$87 million and an internal rate of return (IRR) of 48% at base-case prices of US$3,600/oz gold and US$48/oz silver. In a sensitivity case using US$4,000/oz gold and US$60/oz silver, pre-tax NPV rises to US$122 million and IRR to 63%. The company noted that the NPV on all numbers is at a 5% discount rate. The timing aligns with a gold market where <a href="https://www.cnbc.com/2026/10/12/china-gold-buying-interest-rate-.html" target="_blank" rel="noopener">prices reached records</a> above US$5,500/oz earlier in 2026 before settling near US$4,180/oz in mid-October, supported by sustained central bank purchases exceeding 300 tonnes in the first half alone. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Star Gold delivered a constructive PEA for Longstreet showing US$87 million pre-tax NPV and 48% IRR at base prices, rising sharply in sensitivity cases aligned with 2026 gold levels near US$4,000/oz.</li> <li>Central bank gold purchases remained robust in 2026, with China and others accumulating hundreds of tonnes and supporting prices that enhance project economics for Nevada developers like Star Gold.</li> <li>Recent regulatory approvals and a summer 2026 drill program position Longstreet for further technical de-risking ahead of a planned 2027 Plan of Operations submission.</li> <li>The Regulation A offering and new COO appointment expand access to capital and operational expertise as the company advances its 100%-controlled Nevada asset.</li> <li>Longstreet's low strip ratio, heap-leach design, and district-scale exploration potential offer leverage to sustained precious metals demand driven by sovereign buying.</li> </ul> <h2 style="text-align: center;">Star Gold's Latest Project Updates</h2> With rising gold prices, Star Gold sent out a newsletter titled, "Five Reasons to Look at Longstreet," on October 6, 2026, which also listed a proven resource, clear steps toward production, capital from industry insiders, and low-cost set up as reasons to invest. The company filed <a href="https://kalkine.com/news/announcements/star-gold-corp-updates-pea-for-longstreet-gold-silver-project" target="_blank" rel="noopener">an 8-K</a> on October 7, 2026, confirming the PEA details prepared under S-K 1300 by Kappes, Cassiday & Associates for a conventional open-pit, crushed heap-leach operation at Longstreet in Nye County, Nevada. <a href="https://www.prnewswire.com/news-releases/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longstreet-gold-silver-project-in-nevada-302885857.html" target="_blank" rel="noopener">Key parameters</a> include life-of-mine payable production of 88,587 ounces gold (Au) and 354,701 ounces silver (Ag), average annual gold output around 20,000 ounces, all-in sustaining costs of US$1,729/oz, and initial capital of approximately US$70 million, with a 1.8-year after-tax payback in the base case. The mine plan processes a subset of the larger mineral resource outlined in the December 2025 technical report summary. Additional recent milestones include a Regulation A offering launched September 16, 2026, to invite public investment, and the appointment of Tom Power as Chief Operating Officer on <a href="https://finance.yahoo.com/markets/stocks/articles/star-gold-corp-appoints-tom-120000534.html" target="_blank" rel="noopener">October 6, 2026</a>, bringing over 35 years of precious metals operational experience.<a href="#fn4"></a> Earlier in 2026, Star Gold secured BLM and U.S. Forest Service approvals for development work and finalized a summer drill program targeting resource expansion and metallurgical testing. Star Gold remains focused on permitting and pre-development at Longstreet, with plans to submit a full mine Plan of Operations application in 2027 following recent regulatory approvals. The company reported no revenue and elevated spending on project advancement in its latest quarterly filing, typical for an exploration-stage entity advancing toward potential production. <h2 style="text-align: center;">Gold Recovering Despite Volatility</h2> Gold prices moved back above US$4,200 per ounce early on October 12 before giving back some gains as investors weighed rising oil prices, a stronger U.S. dollar, and upcoming inflation data. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-october-12-2026-gold-opens-at-the-highest-point-in-over-a-week-110103415.html" target="_blank" rel="noopener">Yahoo!Finance</a> reported that December gold futures opened at US$4,220.80 per ounce, up 2.3% from Friday's close, before retreating to approximately US$4,204.20 in early trading. The recovery followed a volatile September and early October, as shifting expectations for Federal Reserve policy and geopolitical developments continued to influence prices. Despite the correction, investment demand remains an important source of support. The <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">World Gold Council</a> reported that physically backed gold exchange-traded funds attracted US$10 billion in September, bringing third-quarter inflows to a record US$31 billion. Global holdings increased by 67 tonnes during September to a record 4,256 tonnes, even as the gold price declined. North American and European funds led the inflows, suggesting that investors continued to add exposure during the pullback. <blockquote class="callOut left">In a contributed technical analyst opinion, Stewart Thomson gave his opinion of the company on April 27, 2026. Thomson gave the stock a "Strong Speculative Buy" rating.1</blockquote> <a href="https://www.kitco.com/news/article/2026-09-23/gold-price-will-hit-4900oz-2026-strong-sovereign-demand-china-buys-75-more" target="_blank" rel="noopener">Goldman Sachs Research forecast in September</a> that gold could reach US$4,900 per ounce by year-end 2026, citing continued central-bank purchases and a potential recovery in investment demand. The firm estimated central-bank buying at 44 tonnes in July, including significant purchases by China, although analysts cautioned that prices could remain volatile. The near-term outlook remains sensitive to inflation, interest rates, and currency movements. Higher oil prices can intensify inflation concerns and increase expectations that interest rates will remain elevated, potentially weighing on gold because the metal does not generate interest income. Conversely, geopolitical uncertainty, central-bank purchases, and investment flows can support demand. For Star Gold, higher gold and silver prices would improve the modeled economics of Longstreet. The PEA's sensitivity case estimates a pre-tax NPV of US$122 million and an IRR of 63% at US$4,000/oz gold and US$60/oz silver. Actual results would depend on realized metal prices, costs, permitting, financing, and other project risks. <h2 style="text-align: center;">Analyst Sees "Outperformance" from Stock</h2> 1In a contributed technical analyst opinion, <a href="https://www.streetwisereports.com/article/2026/04/27/nevada-gold-silver-resource-update-brings-3-68-million-private-placement-a-bullish-technical-set-up.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave his opinion of the company </a>on April 27, 2026. Thomson gave the stock a "Strong Speculative Buy" rating and said that its "volume has been this high before, but not consistently, as it is now." Thomson went on to give Star Gold a short-term price target of US$0.20 and a long-term price target of US$5.40, noting that "given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations." <h2 style="text-align: center;">Final Permit Expected</h2> The final permit to begin production for the Main resource site is expected in Q3 or Q4 of 2027. In an exclusive comment to Streetwise Reports, CEO Lindsay Gorrill said, "The new economic assessment Net Present Value 5% discount using US$4,000 gold is US$122 million, which is four times higher than our current market cap. We continue to move as fast as we can to file our permit to move toward production, which unlocks the true value of what we have." [OWNERSHIP_CHART-6021] <h2 style="text-align: center;">Ownership & Share Information2</h2> Star Gold Corp. has a market cap of US$32.49 million, with 204.54 million shares outstanding. The company's 52-week range is US$0.02-US$0.21. Strategic Investors own 15.63% of shares, while Management & Insiders own 19.80%. The remaining 64.57% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What does the latest PEA show for Star Gold's Longstreet project? A: The September 22, 2026, PEA outlines an open-pit heap-leach mine with strong returns at current and higher gold/silver prices, including 1.8-year after-tax payback in the base case and multiple undrilled targets for upside. Q: How does the gold market and central bank buying relate to Star Gold? A: Strong central bank purchases exceeding 300 tonnes in H1 2026 have supported gold prices in ranges that align with the PEA's higher sensitivity cases, providing a favorable backdrop for Longstreet economics versus peers in the sector. Q: What are the next catalysts for Star Gold Corp.? A: Key upcoming items include completion of the 2026 drill program results, further permitting progress, and submission of the mine Plan of Operations in early 2027. Q: Where is the Longstreet project located, and what is its ownership? A: Longstreet is 100%-controlled by Star Gold Corp. and located in Nye County, Nevada, within the Walker Lane Belt, with a resource supporting open-pit development. Q: What is a Preliminary Economic Assessment (PEA) in mining? A: A Preliminary Economic Assessment (PEA) is an early-stage technical and economic study that evaluates the potential viability of developing a mineral deposit. It estimates factors such as capital costs, operating costs, production rates, mine life, and potential project returns. Star Gold Corp.'s PEA for its Longstreet gold-silver project in Nevada outlines a potential open-pit, heap-leach operation, but its results are preliminary and do not guarantee that the project will become a producing mine. Q: What is net present value (NPV) in a mining project? A: Net present value (NPV) is a financial measure that estimates the current value of a project's future cash flows after accounting for initial and ongoing costs and the time value of money. A positive NPV indicates that projected cash flows exceed the costs under the study's assumptions. Star Gold's Longstreet PEA reported a pre-tax NPV of US$87 million under its base-case metal prices of US$3,600 per ounce of gold and US$48 per ounce of silver. Q: What is the internal rate of return (IRR) in mining economics? A: The internal rate of return (IRR) is the discount rate at which a project's NPV equals zero. It is used to assess the potential return of a mining investment relative to its costs and risks. Star Gold's Longstreet PEA estimated a 48% pre-tax IRR under its base-case assumptions, increasing to 63% in a sensitivity case using higher gold and silver prices. These estimates depend on the study's assumptions and are not guaranteed investment returns. Q: What is heap leaching in gold and silver mining? A: Heap leaching is a mineral processing method in which crushed ore is placed on a lined pad and treated with a chemical solution that dissolves recoverable metals. The metal-bearing solution is collected and processed to recover the gold or silver. Star Gold's Longstreet PEA evaluates a conventional open-pit mining operation using crushed heap-leach processing, a method commonly used for suitable gold and silver deposits. Q: What is a mine Plan of Operations? A: A mine Plan of Operations is a detailed proposal describing how a mining project will be developed and operated, including planned activities, infrastructure, environmental protection, and reclamation measures. On U.S. federal lands, the plan is submitted to the relevant federal land-management agency for review and approval under applicable regulations. Star Gold plans to submit a full Plan of Operations application for Longstreet in early 2027 as it advances the project toward potential development. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol start="1" type="1"> <li> <div role="presentation" data-olk-copy-source="MailCompose">For this article, Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li> <div role="presentation">Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</div> </li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32789"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32789" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) Tue, 13 Oct 2026 00:00:00 PST Talon Metals Discovers Mineralized Conduit at Roland Nickel-Copper Target https://www.streetwisereports.com/article/2026/10/13/talon-metals-discovers-mineralized-conduit-at-roland-nickel-copper-target.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/talon-metals-discovers-mineralized-conduit-at-roland-nickel-copper-target.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Talon Metals Corp. (TLO:TSX;TLOFF:OTCMKTS) reports high-grade nickel-copper intercepts at its Roland target in Michigan, applying a geological model informed by the Eagle East discovery following its 2026 Eagle Mine acquisition.Talon Metals Corp. (TLO:TSX; TLOFF:OTCMKTS) <a href="https://talonmetals.com/talon-metals-discovers-mineralized-magmatic-conduit-at-roland-nickel-copper-target-in-michigan/" target="_blank" rel="noopener">announced on October 6, 2026</a>, that drilling at its Roland nickel-copper target in Baraga County, Michigan, has intersected a mineralized magmatic conduit with high-grade massive sulphide mineralization, guided by the geological model from the Eagle East discovery at its recently acquired Eagle Mine. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Talon Metals has identified a mineralized magmatic conduit at Roland, applying a geological model informed by the Eagle East discovery.</li> <li>The October 6, 2026, discovery provides a defined feature to follow with additional drilling upstream in the conduit.</li> <li>The Roland program sits within a large Michigan land package under an earn-in agreement and benefits from proximity to the newly acquired Eagle Mine operations.</li> <li>National Bank Financial reiterated an "Outperform" rating with a CA$8.00 target in its July 2026 note, highlighting the U.S. nickel-copper strategy.</li> <li>Recent drilling success at Roland complements ongoing advancement at the Tamarack project and integration of the Eagle Mine and Humboldt Mill assets acquired in January 2026.</li> </ul> <h2 style="text-align: center;">The Roland Conduit Discovery</h2> Drill hole 26RL0010 returned 25.85 m (meters) grading 0.77% Ni (nickel), 0.47% Cu (copper), and 1.16% NiEq (nickel equivalent) from 569.38 m, including 1.35 m at 5.37% Ni and 6.38% NiEq, with a 0.67 m massive sulphide interval grading 7.61% Ni. Holes 26RL0009 and 26RL0011 also intersected nickel-copper mineralization within the conduit, which Talon interprets as a keel-style feature similar to Eagle East. The program follows the exploration approach that led to the 2015 Eagle East discovery, where near-surface mineralization was traced upstream to the high-grade orebody. With the conduit now located, Talon plans to drill upstream to test for the source of the mineralization. "Roland is a strong example of how a new geological model can unlock exploration potential in an area that has already seen historical drilling," said Brian Goldner, Chief Exploration Officer of Talon Metals, in the release. "The discovery of Eagle East changed how we think about nickel-copper mineralization in this part of Michigan and gave us a different model to apply at Roland. Our first objective was to locate the mineralized conduit. Through successive drilling, geophysics, and geological interpretation, we have now done that and intersected high-grade massive sulphides within the system. Our focus now is to follow the mineralization upstream within the conduit and test for its source, just like the discovery of Eagle East." Roland lies within Talon's approximately 400,000-acre Michigan land package and is subject to an earn-in agreement with UPX Minerals Inc., a subsidiary of Sweetwater Royalties, allowing Talon to acquire up to 80% interest. The target benefits from the company's January 2026 acquisition of the Eagle Mine and Humboldt Mill, providing an operating platform and regional geological knowledge for nickel-copper exploration in the area. <h2 style="text-align: center;">Nickel Sector: Oversupply and Indonesian Policy Shape Market Outlook</h2> Nickel prices are under pressure as supply growth and uneven demand weigh on the market. On October 13, 2026, nickel was trading around US$15,600 per tonne, near a recent low of US$15,510 reached earlier in October, according to <a href="https://tradingeconomics.com/commodity/nickel/news/591377" target="_blank" rel="noopener">Trading Economics</a>. The article by Trading Economics argued that persistent oversupply, elevated exchange inventories, and a stronger U.S. dollar are weighing on prices. Indonesia remains central to nickel's outlook because it accounts for roughly two-thirds of global mined production. <blockquote class="callOut left">On October 5, 2026, Gary Tanashian of Notes from the Rabbit Hole listed Talon Metals as one of his "favored" junior mining companies.</blockquote> <a href="https://source.benchmarkminerals.com/article/mid-year-production-quotas-and-underwhelming-ncm-demand-weaken-market-fundamentals-nickel-q3-2026-price-review" target="_blank" rel="noopener">In its Q3 2026 nickel price review</a>, Benchmark Mineral Intelligence reported that nickel prices weakened during Q3 as Indonesian production quotas and easing processing costs increased supply, while demand for nickel-based electric vehicle battery materials softened. The shift toward lithium iron phosphate (LFP) batteries is reducing the share of battery demand served by nickel-bearing chemistries. Politically, policy changes in Indonesia could affect the metal's future. <a href="https://www.thejakartapost.com/business/2026/10/08/indonesia-mulls-nickel-smelter-moratorium-as-global-supply-swells" target="_blank" rel="noopener">The Jakarta Post reported on October 8, 2026,</a> that the government was considering a moratorium or restrictions on new smelters producing semi-processed nickel products to address oversupply. This decision could eventually constrain supply growth, although its impact will depend on implementation and the pace of demand recovery. <h2 style="text-align: center;">A 'Favored' Junior</h2> In a July 14, 2026,<a href="https://www.pricetargets.com/TSE/TLO/" target="_blank" rel="noopener"> research note</a>, National Bank Financial maintained an "Outperform" rating and CA$8.00 price target on Talon Metals, citing the company's expanding U.S. nickel-copper platform.<a href="#fn3"></a> The company has since surpassed that target. Cantor Fitzgerald weighed in on the company in a September 10, 2026, company update, where Matthew O'Keefe reiterated a "Speculative Buy" rating and increased the price target from CA$8.00 to CA$9.40. O'Keefe wrote, "With continued high-grade results from the Tamarack Vault Zone and exploration potential at its Michigan properties, we see increasing upside potential from the discovery and delineation of additional high-grade resources." Next, on <a href="https://www.streetwisereports.com/article/2026/09/30/a-focus-on-gold-silver-stocks-with-a-coming-low-in-the-gold-spx-ratio.html?utm_medium=feed" target="_blank" rel="noopener">October 5, 2026</a>, Gary Tanashian of Notes from the Rabbit Hole listed Talon Metals as one of his "favored" junior mining companies. <a href="https://robertsinn.substack.com/p/the-sun-is-shining-on-the-midcontinent?utm_source=post-email-title&publication_id=2243983&post_id=219163289&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In an October 7, 2026, article</a>, Robert Sinn of Goldfinger wrote, "Talon's latest breakthrough at Roland adds another compelling discovery to the Boulderdash success announced in 2024." Sinn added, "Each successful hole helps sharpen the next target, and Roland is providing increasingly valuable clues." <h2 style="text-align: center;">A Feasibility Study in the Near Future</h2> According to Talon Metals' <a href="https://talonmetals.com/wp-content/uploads/2026/09/Talon-September-2026-Corporate-Presentation-FINAL.pdf" target="_blank" rel="noopener">September 2026 investor presentation </a>and September 10 announcement, the company has selected its existing Humboldt Mill in Michigan as the processing location for material from the Tamarack Nickel-Copper-Cobalt Project in Minnesota. A feasibility study evaluating the required material-handling and process modifications, along with other technical and strategic considerations, is expected to be completed in Q4 2026. Talon has said it will not advance construction of the previously proposed Beulah Minerals Processing Facility in North Dakota. Other upcoming catalysts include continued environmental review and permitting work for Tamarack, as well as additional exploration at the project's high-grade Vault Zone to further define the mineralized system. [OWNERSHIP_CHART-1441] <h2 style="text-align: center;">Ownership & Share Information1</h2> Talon Metals Corp. has a market capitalization of CA$1.39 billion, with 162.25 million shares outstanding. The company's 52-week trading range is CA$3.65 to CA$11.23. Institutions own 19.83% of shares, while Strategic Investors own 17.27%. Management & Insiders own 3.62% of shares, and the remaining 59.28% of shares are held by Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What did the latest Roland drilling show? A: Three holes intersected a mineralized conduit; hole 26RL0010 returned 25.85 m at 0.77% Ni and 0.47% Cu, including a 0.67 m massive sulphide interval at 7.61% Ni. Q: How does the Roland discovery relate to Eagle East? A: Talon is applying the same upstream-tracing model used to discover the high-grade Eagle East orebody in 2015 to locate potential concentrated sulphide sources at Roland. Q: What is the next step at Roland? A: Drilling will focus on tracing the conduit and mineralization upstream to test for the source, mirroring the Eagle East exploration sequence. Q: What is a magmatic conduit in nickel-copper exploration? A: A magmatic conduit is a pathway through which molten rock, or magma, moves through the Earth's crust. As magma flows through these pathways, nickel, copper, and other metals can become concentrated under certain geological conditions, potentially forming economically significant deposits. Talon Metals identified a mineralized magmatic conduit at its Roland nickel-copper target in Michigan and plans to drill upstream to investigate the source of the mineralization. Q: What are massive sulphide deposits in nickel-copper mining? A: Massive sulphide deposits are concentrations of sulphide minerals that form relatively continuous accumulations within rock. These minerals can contain valuable metals such as nickel, copper, and cobalt. At Talon Metals' Roland target, drilling intersected a 0.67-meter interval of massive sulphide grading 7.61% nickel, indicating a localized zone of high-grade nickel mineralization. Q: What is nickel equivalent (NiEq) in mineral exploration? A: Nickel equivalent, or NiEq, is a calculated measure that expresses the combined value of multiple metals as an equivalent nickel grade. It allows exploration companies to summarize the potential contribution of metals such as nickel and copper in a mineralized interval. Talon reported 25.85 meters grading 1.16% NiEq at Roland. The company's stated calculation uses assumed metal prices and other inputs, as detailed in the October 6, 2026, press release; the equivalent grade is a calculated measure, not the actual nickel grade. Q: What is upstream drilling in mineral exploration? A: Upstream drilling involves following a mineralized geological structure toward the interpreted source of the mineralization, based on the direction of geological or geophysical evidence. This approach can help geologists identify areas where metals may have accumulated in greater concentrations. At Roland, Talon Metals plans to drill upstream within the newly identified magmatic conduit to test for the source of the nickel-copper mineralization. Q: What is an earn-in agreement in mining? A: An earn-in agreement is an arrangement that allows an exploration company to acquire an ownership interest in a mineral property by meeting specified requirements, such as funding exploration expenditures or completing work commitments. The agreement typically sets out the conditions and the percentage interest the company can earn. Talon Metals' agreement with UPX Minerals Inc. allows it to acquire up to an 80% interest in the property hosting the Roland target. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32785"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32785" width="0" height="0"> ( Companies Mentioned: TLO:TSX;TLOFF:OTCMKTS, ) Tue, 13 Oct 2026 00:00:00 PST Frank Giustra Sees Potential for a Dramatic Gold Revaluation as Zodiac Gold Advances Liberia Exploration https://www.streetwisereports.com/article/2026/10/13/frank-giustra-sees-potential-for-a-dramatic-gold-revaluation-as-zodiac-gold-advances-liberia-exploration.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/frank-giustra-sees-potential-for-a-dramatic-gold-revaluation-as-zodiac-gold-advances-liberia-exploration.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Frank Giustra outlines potential gold market catalysts, including central bank buying and government debt risks, as Zodiac Gold Inc. (ZAU:TSX.V; ZAUIF:OTCQB; K19:XFRA) advances exploration in Liberia.<h2>Key Investor Takeaways</h2> <ul> <li>In an October 11, 2026, interview with Dominic Frisby, Frank Giustra discussed central bank demand, government debt, monetary policy and geopolitical uncertainty as important themes in the gold market.</li> <li>Sustained higher gold prices could improve the potential economics of viable gold deposits and support investor interest in exploration companies, although benefits vary by project and company.</li> <li>Zodiac Gold's October 2026 update reported 34 meters (m) at 0.71 g/t gold (Au) at Feh Feh, including 18 meters at 1.18 g/t Au, and extended the Lewis North gold-in-soil anomaly to approximately 3 kilometers (km).</li> <li>Additional anomalies at Lewis South and Gbolomine expand the areas Zodiac can investigate, while ongoing and planned drilling will be important in evaluating the targets.</li> <li>Zodiac has targeted a mineral resource estimate by Q4 2026. Investors should watch for updates on drilling and resource work.</li> <li>A rising gold price may provide favorable market conditions, while Zodiac's longer-term prospects also depend on exploration success, resource definition, financing, and the eventual economic viability of the Todi project.</li> </ul> <h2>Giustra Calls Out Bullish Market</h2> <a href="https://www.streetwisereports.com/pub/co/10927?utm_medium=feed" target="_blank" rel="noopener">Zodiac Gold Inc. (ZAU:TSX.V; ZAUIF:OTCQB; K19:XFRA)</a>, a West African gold exploration company focused on Liberia's Todi Gold Project, could receive a potential boost from sustained strength in gold prices as it advances exploration across a growing portfolio of targets. In an October 11, 2026, interview titled <a href="https://www.theflyingfrisby.com/p/gold-will-do-things-you-cant-even" target="_blank" rel="noopener">"Gold Will Do Things You Can't Even Imagine,"</a> Canadian investor Frank Giustra discussed the forces he believes could drive gold prices substantially higher. Hosted by Dominic Frisby as part of Money Markets & More, the interview covered topics like central bank demand for physical gold, government debt, monetary policy, geopolitical uncertainty, and the possibility of a significant revaluation of the precious metal. Giustra, who built his fortune in mining and natural resources before founding the renowned film studio Lionsgate, described the current precious metals bull market as different from previous cycles. He believes that central banks' movement away from government debt and toward physical gold is an important development, while another round of "quantitative easing" could heighten concerns over the U.S. dollar. These factors could have implications for gold exploration companies if they contribute to a sustained increase in gold prices. For companies such as Zodiac Gold, however, the potential benefits would depend on exploration results, the definition of economically viable mineral resources, and the ability to advance projects toward development. <h2>What Frank Giustra Says Could Drive Gold Higher</h2> Frisby's interview highlighted the following points from Giustra: <ul> <li>Central bank demand for physical gold. One of the central topics is the shift by central banks from government debt toward physical gold. Continued institutional demand could support the metal by adding a source of buying beyond private investors and financial market speculation.</li> <li>Government debt and monetary policy. Giustra also discusses the risks associated with growing government debt and the possibility of additional quantitative easing. If policymakers respond to financial or economic pressures with renewed monetary expansion, concerns about currency purchasing power could increase interest in gold as an alternative store of value.</li> <li>The U.S. dollar and financial repression. The discussion considers how monetary and fiscal policies can affect the dollar and the broader financial system. Changes in confidence in government-issued currencies could influence demand for gold, although the relationship is not automatic, and prices can also be affected by interest rates, currency movements, and investor positioning.</li> <li>Geopolitical uncertainty. Giustra points to what he considers an exceptionally dangerous geopolitical environment. Heightened uncertainty can increase interest in gold as a safe-haven asset, although geopolitical developments can produce different market responses depending on their effects on inflation, interest rates, and global liquidity.</li> <li>The potential for a major gold revaluation. The interview also explores whether gold could ultimately be revalued substantially higher. This is an outlook discussed by Giustra, rather than a confirmed price forecast. Its realization would depend on the evolution of monetary policy, official-sector demand, investor sentiment, and broader economic conditions.</li> </ul> Together, these themes provide a framework for understanding why some investors remain focused on gold despite volatility and corrections in its market price. For exploration companies, a sustained higher gold price could improve the potential economics of deposits that ultimately demonstrate sufficient grade, scale, and mineability. <h2>Latest News From Zodiac Gold</h2> Zodiac Gold is advancing its 100%-owned Todi Gold Project, a 2,316-square-kilometer (km2) land package in Liberia that includes the 16-kilometer (km) Monterra Trend. In <a href="https://www.streetwisereports.com/article/2026/10/08/zodiac-gold-inc-reports-broadest-feh-feh-trench-result-and-lewis-north-gold-in-soil-trend-expansion-at-liberias-todi-project.html?utm_medium=feed" target="_blank" rel="noopener">October 2026, the company reported</a> its broadest trench result to date at the Feh Feh target, alongside an expansion of the Lewis North gold-in-soil anomaly. The results add to the company's ongoing effort to identify and prioritize mineralized zones across the project. Highlights from the latest exploration update include: <ul> <li>Trench FFT003 at Feh Feh returned 34 m grading 0.71 grams per tonne (g/t) gold (Au), including 18 m at 1.18 g/t Au, with a highest individual sample grade of 2.91 g/t Au. The trench was completed approximately 100 m from the previously reported FFT002 result.</li> <li>Soil sampling extended the gold-in-soil anomaly at Lewis North by 1.2 km to approximately 3 km along the Monterra Trend. Nine samples returned grades above 1 g/t Au, with a peak reported value of 35.7 g/t Au.</li> <li>The company reported that the Lewis South anomaly had expanded to 2.2 km and identified a new 1.3 km anomaly near Gbolomine artisanal workings.</li> <li>Two drill rigs are active at Lewis, with drilling at Feh Feh planned as the company continues to test its exploration targets.</li> </ul> The Feh Feh results build on earlier trenching in which FFT002 returned 23 m at 0.68 g/t Au, including 12 m at 1.16 g/t Au and a 1 m interval at 8.28 g/t Au. In its October 2026 exploration update, Zodiac said the latest results point to a growing inventory of exploration targets. The company plans to use continued drilling and sampling to investigate the extent and continuity of mineralization. It's important to note that trenching and soil sampling help identify areas that warrant further investigation, but they do not establish a mineral resource or demonstrate that a deposit can be mined economically. Future drilling, geological interpretation, and resource estimation will be important steps in evaluating the project's potential. <h2>A Higher Gold Price and Zodiac Gold</h2> Giustra's outlook is relevant to Zodiac Gold because the company is exploring for gold at a time when monetary policy, central bank purchases, and geopolitical uncertainty remain important considerations for precious metals investors. Higher gold prices could improve the economics of a gold deposit by increasing the revenue generated per ounce produced. Depending on a project's grade, recovery rates, operating costs, capital requirements, taxes, and royalties, a stronger gold price could potentially make gold mineralization even more economically viable. <blockquote class="callOut left">Technical analyst Stewart Thomson gave Zodiac a "Speculative Buy" rating and noted that "early results appear to highlight significant potential for the project."1</blockquote> For an exploration-stage company like Zodiac, the relationship is more indirect. The company does not yet have a producing operation at Todi, but sustained strength in the metal could support investor interest in gold exploration, improve financing conditions for some junior companies, and increase the potential value of discoveries that ultimately support viable development projects. Zodiac's exploration results will therefore remain central to its prospects. A stronger gold market could provide a favorable backdrop, but it cannot substitute for the technical work needed to demonstrate a deposit's quality. Even in a rising gold market, exploration companies face risks related to drilling outcomes, financing, permitting, infrastructure, jurisdiction, and the eventual costs of developing a mine. <h2>Stock Earns a "Speculative Buy"</h2> 1On May 20, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/05/20/bullish-charts-for-liberian-gold-explorer-with-near-surface-high-grade-gold.html?m_t=2026_05_20_11_18_31&utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave Zodiac a "Speculative Buy" rating</a>, with a short-term price target of CA$0.45, a medium-term price target of CA$0.75, and a long-term technical price target of CA$1.00. Thomson noted that "early results appear to highlight significant potential for the project." <h2>What Investors Should Watch for Zodiac</h2> Upcoming drill results from Lewis North could help determine whether the expanded soil anomaly corresponds to underlying gold mineralization and whether that mineralization will support further drilling and mineral resource estimation. Planned drilling at Feh Feh could provide additional information about the significance of the latest trench results, while work at Lewis South, Gbolomine, and other targets may help establish the broader scale of the Todi project. Investors may also want to monitor the company's progress toward its stated resource objective, its financing requirements, and the extent to which new exploration results support a coherent geological model across the Monterra Trend. At the sector level, the developments highlighted by Giustra — central bank gold demand, government debt, monetary policy, and geopolitical risk — will remain relevant to gold pricing. However, market prices can move in either direction, and a bullish long-term outlook does not eliminate the possibility of significant short-term corrections. Company management believes that potential investors should consider who has already invested in Zodiac, as the ownership structure often demonstrates confidence in future performance. Strong insider ownership of 30% aligns management with shareholders, and the company board includes prominent mining fund manager Larry Lepard, accomplished mining executive Brett Richards, a chairman and veteran geologists. [OWNERSHIP_CHART-10927] <h2>Ownership & Share Structure2</h2> Zodiac Gold Inc. has a market cap of approximately CA$65.69 million, with 185.5 million shares outstanding. The company's 52-week range is CA$0.13-CA$0.44. As mentioned above, Institutions own 10% of shares, while Management & Insiders own 30%. The remaining 60% of shares are Retail. <h2>Frequently Asked Questions</h2> Q: What is Zodiac Gold's Todi Gold Project mineral resource target for 2026? A: Zodiac Gold has targeted a mineral resource estimate by the fourth quarter of 2026. Continued drilling, geological interpretation, and resource estimation will be important in determining whether the company's exploration results can support this objective. Q: How could rising gold prices benefit Zodiac Gold? A: Sustained higher gold prices could improve the potential economics of gold deposits and support investor interest in exploration companies such as Zodiac Gold. However, the company remains in the exploration stage, and its long-term prospects depend on exploration success, resource definition, financing, permitting, and the eventual economic viability of the Todi Gold Project. Q: What are the upcoming catalysts for Zodiac Gold investors? A: Key catalysts include drill results from the Arthington and Lewis targets, as well as planned drilling at Feh Feh. Investors may also monitor progress toward the company's targeted mineral resource estimate by Q4 2026, along with financing requirements and developments in the gold market. Q: Who is Frank Giustra, and what is his outlook on gold prices? A: Frank Giustra is a Canadian investor and entrepreneur known for his work in mining and natural resources and for founding Lionsgate, the entertainment company. In an October 11, 2026, interview with Dominic Frisby, Giustra discussed central bank demand for physical gold, rising government debt, monetary policy, and geopolitical uncertainty as factors that could influence gold prices. He suggested the precious metals market could experience substantial further gains, although his outlook represents a forecast rather than a guaranteed outcome. <div> <div> <div> <div> <div> <div> <div> <div> <div> Q: What is a gold-in-soil anomaly? A: A gold-in-soil anomaly is an area where soil samples contain elevated gold concentrations compared with surrounding areas or expected background levels. Exploration companies use these anomalies to identify potential gold mineralization and prioritize targets for further investigation. Soil anomalies do not independently establish the presence of an economically mineable deposit. Q: What is trenching in gold exploration? A: Trenching is an exploration method in which shallow excavations expose bedrock or near-surface mineralization for geological mapping and sampling. Results are often reported as sample intervals and gold grades, helping geologists assess the distribution of mineralization before or alongside drilling. Trench results alone do not establish a mineral resource or demonstrate economic viability. Q: What is a mineral resource estimate in gold mining? A: A mineral resource estimate is an assessment of the quantity, grade, and geological characteristics of mineralization within a deposit, based on available exploration data and geological interpretation. Resources are classified according to geological confidence, typically as inferred, indicated, or measured. A mineral resource is not the same as a mineral reserve and does not necessarily demonstrate that the material can be mined economically. Q: How does the gold price affect gold exploration companies? A: The gold price can influence the potential revenue from future gold production, investor interest, and access to financing for exploration companies. Higher prices may improve the potential economics of some deposits, while lower prices can make projects less attractive. For exploration-stage companies, including Zodiac Gold, gold prices are only one factor; drilling results, resource size and grade, development costs, financing, and permitting also affect project prospects. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </div> </div> </div>Important Disclosures:<ol> <li>Zodiac Gold Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zodiac Gold Inc. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on May 20, 2026 <ol> <li>For the quoted article (May 20, 2026), Zodiac Gold Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32784"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32784" width="0" height="0"> ( Companies Mentioned: ZAU:TSX.V;ZAUIF:OTCQB;K19:XFRA, ) Tue, 13 Oct 2026 00:00:00 PST Discovery Mining Seeks Room to Expand Dome With US$55M Timmins Deal https://www.streetwisereports.com/article/2026/10/12/discovery-mining-seeks-room-to-expand-dome-with-us-55m-timmins-deal.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/discovery-mining-seeks-room-to-expand-dome-with-us-55m-timmins-deal.html?utm_medium=feed">Streetwise Reports 10/09/2026</a> Discovery Mining Ltd. (DSV:TSX; DSVSF:OTCQX) has agreed to acquire McEwen Inc.'s Fuller property, its 60% interest in the Paymaster property, and a surface-rights parcel in Timmins for US$55 million.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Discovery Mining is buying McEwen Inc.'s Fuller property, its 60% interest in the Paymaster joint venture, and a surface-rights parcel next to the Dome Mine in Timmins, Ontario, for US$55 million.</li> <li>Discovery will pay US$5 million in cash and US$50 million in shares, and Franco-Nevada will pay Discovery US$8 million on closing to extend its royalty to the new properties.</li> <li>The CEO said the land could host a new processing plant and tailings facilities to run Dome, which has an 11-million-ounce inferred resource, at a much higher production rate.</li> <li>Discovery plans to restart Dome within five years using the existing mill, as part of a plan to more than double annual gold output to over 500,000 ounces.</li> <li>The company's Cordero silver project in Mexico recently received its key federal environmental permits, which one newsletter editor called "major derisking."</li> <li>Silver is headed for a sixth straight annual deficit, and industrial users account for more than half of demand.</li> </ul> <h2 dir="ltr" style="text-align: center;">A Land Deal That Clears the Way for a Bigger Dome</h2> Discovery Mining Ltd. (DSV:TSX; DSVSF:OTCQX) agreed to buy mineral properties next to its Dome Mine in Timmins, Ontario, from McEwen Inc. (MUX:TSX; MUX:NYSE) for US$55 million, <a href="https://dsvmining.com/English/news-media/press-releases/press-releases-details/2026/Discovery-Enters-into-Asset-Purchase-Agreement-to-Acquire-Certain-Timmins-Mineral-Properties-from-McEwen-Inc-/default.aspx" target="_blank" rel="noopener">according to an October 9 release</a>. Discovery will pay US$5 million in cash and US$50 million in its own shares. Through its subsidiary Dome Mine Ltd., Discovery will acquire the Fuller property, about 210 hectares; McEwen's 60% interest in the Paymaster joint venture, about 179 hectares; and a surface-rights parcel, <a href="https://s21.q4cdn.com/390685383/files/doc_news/archive/2026/2026_10_09_NR_Fuller_Paymaster_Sale.pdf" target="_blank" rel="noopener">McEwen said</a>. Discovery already holds the other 40% of Paymaster and will own all of it after closing. "The transaction announced today is an important step forward as we continue to establish the land position needed to achieve our extensive growth plans in the Timmins Camp," President and Chief Executive Officer Tony Makuch said. Separately, Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) agreed to pay Discovery US$8 million on closing to extend its existing royalty on Discovery's Porcupine Operations to the purchased properties. <h2 dir="ltr" style="text-align: center;">An 11-Million-Ounce Resource in Search of a New Mill</h2> Makuch said the main benefit of the land is space for new processing and tailings facilities. "Dome has an 11 million ounce inferred resource, and we are working on plans to resume operations over the next five years using the existing Dome Mill for processing," he said. "Longer-term, we will look to operate the mine at a significantly higher level of production using a new processing facility to be located at the adjacent Purchased Assets." The number of Discovery shares will be set by the five-day volume-weighted average price on the TSX ending two business days before closing. The shares carry a hold period of four months and a day. Discovery expects the deal to close in October. Closing depends on the transfer of the properties and claims, the extinguishment of an existing net profits interest royalty on Fuller, and regulatory approvals, including TSX approval of the share issuance. <h2 dir="ltr" style="text-align: center;">Half a Million Ounces a Year Is the Target; McEwen Takes the Cash</h2> Discovery plans to more than double annual gold production to over 500,000 ounces through its Porcupine assets in and near Timmins. In June, it bought the Kidd Operations, which added land, infrastructure, and critical minerals production in the camp. The company also owns the Cordero silver project in Chihuahua, Mexico, which it calls one of the world's largest undeveloped silver deposits. McEwen called the properties non-core and said it will put the proceeds into its operations and development projects. It is targeting 250,000 to 300,000 gold equivalent ounces a year by 2030 with "minimal to no share dilution." Its Fox Complex near Timmins will stay focused on the Froome, Stock, and Grey Fox deposits. The Stock mine is expected to begin production in the fourth quarter and reach commercial production in the first quarter of 2027. McEwen also assigned its US$13.5 million loan receivable from McEwen Copper to new third-party lenders for cash consideration. The transaction also resulted in the cancellation of incentive share purchase warrants previously issued to McEwen by McEwen Copper. Together, the two transactions are expected to provide McEwen with approximately US$68.5 million in additional liquidity, including the proceeds from the Discovery sale and the cash consideration for the McEwen Copper loan receivable. <h2 dir="ltr" style="text-align: center;">Cordero Clears Its Biggest Regulatory Hurdle, Newsletter Editor Says </h2> Peter Krauth, editor of The Silver Stock Investor, focused on Discovery's other big asset, its Cordero silver project in Mexico, in an <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/silver-sentiment-needs-time-reader-asks-huge-news-from-a-producer-developer/#ds" target="_blank" rel="noopener">October 7 issue</a>. Two days earlier, Discovery <a href="https://dsvmining.com/English/news-media/press-releases/press-releases-details/2026/Discovery-Announces-Receipt-of-Key-Environmental-and-Land-Use-Permits-for-Cordero-Project/default.aspx" target="_blank" rel="noopener">announced</a> that Mexico's environmental agency, SEMARNAT, had approved Cordero's environmental impact assessment and change of land use permit, completing the project's federal environmental permitting. "This is huge," Krauth wrote. "Although the press release is short, the implications are massive." <blockquote class="callOut left" dir="ltr">BMO Capital's Kevin O'Halloran raised his target from CA$12 to CA$15.</blockquote> He called the approvals "key permits and major derisking." The environmental permit confirms the project meets Mexico's environmental protection rules, and the land use permit allows the land to be converted for mining. "These remove the primary regulatory hurdle to move forward," he wrote. Krauth noted that Cordero is one of the world's largest undeveloped primary silver deposits and is expected to produce about 30 million ounces of silver equivalent a year. The next steps are a final construction decision and project financing, he wrote. "I think the market's reaction was muted only because there was a lot of buying in the last 2 months in anticipation," Krauth wrote. "Shares are near all-time highs. Attractive on weakness." Four analysts rate Discovery a Buy with CA$15 price targets, <a href="https://www.tipranks.com/stocks/tse:dsv/forecast" target="_blank" rel="noopener">according to TipRanks</a>. On September 17, BMO Capital's Kevin O'Halloran raised his target from CA$12, and CIBC's Cosmos Chiu reiterated his. ATB Cormark Capital Markets' Nicolas Dion reiterated his rating on April 24, and Scotiabank's Ovais Habib initiated coverage on April 1. <h2 dir="ltr" style="text-align: center;">From Solar Panels to AI, Silver Demand Outruns Supply</h2> Silver traded at about US$60.30 per ounce on October 12, up about 15% from a year earlier, according to <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics</a>. Prices have eased from January's record of about US$121.64 as a strong U.S. dollar and expectations of a Federal Reserve rate hike weighed on precious metals. The market's fundamentals have held up better than the price. Silver is headed for a sixth straight annual deficit, expected to widen to 46.3 million ounces in 2026 from 40.3 million ounces in 2025, <a href="https://mexicobusiness.news/mining/news/silver-heads-sixth-deficit-year-liquidity-risk-persists" target="_blank" rel="noopener">Mexico Business News reported</a>, citing the World Silver Survey 2026, produced by Metals Focus for the Silver Institute. That would bring the total drawn from above-ground stocks since 2021 to 762 million ounces. Mine production is expected to stay flat this year, and coin and bar demand is forecast to rise 18%. Industrial silver use accounted for about 657 million ounces in 2025, or more than half of total demand. Silver conducts electricity better than any other metal, which makes it hard to replace in solar panels, electronics, electric vehicles, and the data centers behind artificial intelligence. Data centers alone are expected to use more than 10% of the silver that goes into electrical and electronics products by 2027, <a href="https://www.kitco.com/opinion/2026-08-20/tenth-silver-electronics-heading-one-buyer" target="_blank" rel="noopener">according to the survey</a>, as cited by Kitco. Washington has also taken notice. The U.S. Interior Department <a href="https://www.usgs.gov/news/science-snippet/interior-department-releases-final-2025-list-critical-minerals" target="_blank" rel="noopener">added silver to its final list of critical minerals</a> in November 2025.[OWNERSHIP_CHART-11676] <h2 dir="ltr" style="text-align: center;">Ownership and Share Structure1</h2> About 2.34% of the company is held by insiders and management, about 33.03% by strategic investors, and about 36.39% by institutions. The rest is retail. Its market cap is CA$9.53 billion with about 813.9 million shares outstanding. It trades in a 52-week range of CA$4.58 and CA$13.43. <h2 style="text-align: center;">Common Questions from Investors</h2> What is Discovery buying from McEwen? The Fuller property, about 210 hectares; McEwen's 60% interest in the Paymaster joint venture, about 179 hectares; and a surface-rights parcel, all next to the Dome Mine in Timmins. Discovery already owns the other 40% of Paymaster. How is Discovery paying? US$5 million in cash and US$50 million in Discovery shares. The share count will be set by the five-day volume-weighted average price on the TSX ending two business days before closing. Separately, Franco-Nevada will pay Discovery US$8 million on closing to extend its royalty to the purchased properties. Why does Discovery want the land? CEO Tony Makuch said it is an ideal location for new processing and tailings facilities. Discovery plans to restart Dome within five years using the existing Dome Mill, then eventually run the mine at a much higher rate with a new plant on the acquired land. When is the deal expected to close? Discovery expects it to close in October. Closing depends on the transfer of the properties, the extinguishment of a net profits interest royalty on Fuller, and regulatory approvals, including TSX approval of the share issuance. What does McEwen get out of it? McEwen called the properties non-core and will put the proceeds into its own projects, targeting 250,000 to 300,000 gold equivalent ounces a year by 2030. Together with the sale of a US$13.5 million loan receivable, it expects about US$68.5 million in additional capital. What is happening at Cordero? On October 5, Discovery said Mexico's environmental agency had approved Cordero's environmental impact assessment and change of land use permit, completing federal environmental permitting. Newsletter editor Peter Krauth said the permits "remove the primary regulatory hurdle to move forward." He said the next steps are a construction decision and financing. How is the silver market doing? Silver traded at about US$60.30 per ounce on October 12, up about 15% from a year earlier. The market is headed for a sixth straight annual deficit, and industrial uses, including solar panels, electronics, and data centers, account for more than half of demand. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Discovery Mining Ltd. and Franco-Nevada Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32782"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32782" width="0" height="0"> ( Companies Mentioned: DSV:TSX;DSVSF:OTCQX, ) Fri, 09 Oct 2026 00:00:00 PST With Silver Facing a Sixth Straight Supply Deficit, One Miner Is Racing to Double Capacity https://www.streetwisereports.com/article/2026/10/12/with-silver-facing-a-sixth-straight-supply-deficit-one-miner-is-racing-to-double-capacity.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/with-silver-facing-a-sixth-straight-supply-deficit-one-miner-is-racing-to-double-capacity.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Sierra Madre Gold and Silver Ltd. (SM:TSXV; SMDRF:OTCQX) has increased throughput at its Mexican silver-gold mine by more than 40%, with a new mill, further expansion plans, and a second mine restart on the horizon.The global silver market continued to face supply constraints in 2026, with demand outpacing production for a sixth consecutive year and above-ground inventories helping to bridge the gap. Despite those underlying pressures, silver prices experienced significant volatility following a record-setting rally early in the year. According to the Silver Institute's <a href="https://silverinstitute.org/wp-content/uploads/2026/04/World-Silver-Survey-2026.pdf" target="_blank" rel="noopener">World Silver Survey 2026</a>, the market was projected to record a 46.3-million-ounce deficit in 2026, compared with a 40.3-million-ounce shortfall in 2025. Since 2021, cumulative deficits have required approximately 762 million ounces to be drawn from existing inventories. Global mine production was expected to remain relatively flat, limiting the industry's ability to replenish those stocks. Industrial applications remained a major source of silver demand. An April 2026 analysis titled <a href="https://goldsilver.com/industry-news/article/silver-demand-by-sector-industry-jewelry-investment/" target="_blank" rel="noopener">Silver Demand by Sector: Industry, Jewelry & Investment</a>, citing data from the Silver Institute, Metals Focus, and World Gold Council, reported that industrial and technology applications accounted for approximately 61% of total silver demand in 2025, up from 53% a decade earlier. The analysis identified solar photovoltaics, electric vehicles, and electrical infrastructure as important drivers of consumption. Solar panels alone accounted for approximately 29% of industrial silver demand in 2024, compared with 11% in 2014. Industrial demand reached a record 680.5 million ounces in 2024, marking its fourth consecutive annual high. Supply growth faced additional constraints because approximately 70% to 80% of silver was produced as a byproduct of mining for other metals. As the analysis explained, this relationship limited silver production's ability to respond directly to rising prices. <h2 style="text-align: center;">Silver Prices Retreat as J.P. Morgan Weighs Market Outlook</h2> Silver's price performance reflected changing expectations for interest rates and industrial consumption. According to<a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener"> Trading Economics</a>, silver traded at approximately US$60.30 per ounce on October 13, 2026, remaining nearly unchanged on the day but declining 4.71% over the preceding month. The metal was still 17.20% higher year over year. Trading Economics reported that silver remained under pressure as the U.S. dollar climbed to an 18-month high ahead of key inflation reports. Investors awaited U.S. consumer and producer price data that could influence the Federal Reserve's next interest rate decision. Markets assigned approximately an 80% probability that the Fed would hold rates steady in October, while pricing in nearly an 88% chance of a rate increase in December. In its <a href="https://www.jpmorgan.com/insights/global-research/commodities/silver-prices" target="_blank" rel="noopener">silver price outlook</a>, J.P. Morgan Global Research forecast that silver would average approximately US$70 per ounce in 2026 before declining to approximately US$63 in the fourth quarter. The bank also projected an annual average of US$64 in 2027. Gregory Shearer, head of Base and Precious Metals Strategy at J.P. Morgan, described how the unwinding of earlier physical market tightness had changed silver's trading dynamics. "The significant unwind of physical tightness off an elevated valuation base for silver sets up a backdrop where, on days when gold slips, silver has a much more outsized tumble — a reversal of last year," Shearer said. Shearer also identified weakening demand from China's photovoltaic industry, softer Indian imports, and technological improvements that reduced silver consumption in solar manufacturing as factors influencing the market. "Altogether, we see the potential for solar demand for silver to fall by around 30% this year, a roughly 60 million ounce reduction year over year," he said. Interest rates represented another important consideration. Shearer explained that higher borrowing costs increased the opportunity cost of holding non-yielding precious metals, potentially encouraging investors to favor interest-bearing assets. Despite the recent correction, the combination of persistent supply deficits, substantial industrial consumption, and limited mine production growth continued to shape the silver market's outlook. The direction of interest rates, industrial demand, and new mine supply remained important factors for the remainder of 2026 and into 2027. Against this backdrop of persistent silver supply deficits, shifting industrial demand, and volatile prices, producers working to increase output have attracted attention. One such company is Sierra Madre Gold and Silver Ltd., which has been expanding processing capacity at its La Guitarra mine in Mexico while advancing exploration and plans for a potential restart at its recently acquired Del Toro silver mine. <h2 style="text-align: center;">Sierra Madre Advances Silver Production Expansion With November Milestone Approaching</h2> <a href="https://www.streetwisereports.com/pub/co/10135?utm_medium=feed" target="_blank" rel="noopener">Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX)</a> continued advancing its silver production growth strategy in Mexico after <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3079-tsx-venture/sm/211913-sierra-madre-announces-guitarra-processing-plant-achieves-throughputs-of-up-to-720-tonnes-per-day-as-development-at-nazareno-and-guitarra-mines-accelerates.html" target="_blank" rel="noopener">reporting that processing throughput at its La Guitarra mine reached up to a steady 720 tonnes per day</a>, more than 40% above its previous 500-tonne-per-day capacity. The increase followed modifications to the crushing and milling circuits, while installation of a new 11x12 ball mill positioned the company for its next expansion milestone in November 2026. The new mill was expected to support the company's Phase 2 target of 1,200 to 1,500 tonnes per day, with Sierra Madre indicating that the milling capacity could be achieved more than eight months ahead of schedule, prior to the broader Phase 2 expansion targeted for Q3 2027. "We continue to advance our Phase 1 and Phase 2 expansions at Guitarra," Chief Operating Officer and Executive Chairman Greg Liller said. Underground development also accelerated, with approximately 2.6 kilometers of drives completed since June across Guitarra, Nazareno, and Coloso. Work included development of the Los Angeles deposit, dewatering at San Raphael I and II ahead of planned higher-grade production by the end of October, and groundwork for a permitted dry-stack tailings facility with more than 5 million tonnes of potential capacity. The expansion followed a strengthening of Sierra Madre's financial position. The company completed a CA$57.5 million financing in January 2026, near silver's record highs, and repaid a US$5 million loan from First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) in July. According to its <a href="https://www.newsfilecorp.com/release/311774/Sierra-Madre-Reports-Solid-Q2-2026-Financial-Results-Advances-Growth-Plans" target="_blank" rel="noopener">second-quarter financial results</a>, Sierra Madre ended June with US$22.2 million in cash and US$25 million in working capital. Its <a href="https://sierramadregoldandsilver.com/presentations/26-10_SM%20Corp%20Presentationv1.pdf" target="_blank" rel="noopener">October corporate presentation</a> outlined additional improvements, including a second crushing circuit, increased conveyor capacity, and a permitted 5.8-million-tonne tailings facility. <h2 style="text-align: center;">Third Parties See Growth Potential as Silver Producer Expands Mining Operations</h2> In a September 14 report, Thibaut Lepouttre of Caesars Report wrote, "Sierra Madre is doing all the right things, and the next 18 months will be instrumental for the company to continue to execute." He estimated that production could eventually reach approximately 800,000 ounces of silver and 12,000 ounces of gold, equivalent to roughly 1.5 million silver-equivalent ounces using a 60:1 ratio. He also noted that the new mill's 900-tonne-per-day capacity and larger crusher appeared designed with additional expansion in mind. "It does feel like the Phase I expansion is being completed with Phase II in mind," he wrote. Lepouttre did not disclose a formal rating or price target. In an <a href="https://www.theflyingfrisby.com/p/silvers-breakout-and-sierra-madres" target="_blank" rel="noopener">October 16, 2025 commentary titled "Silver's Breakout and Sierra Madre's Perfect Timing,"</a> Dominic Frisby of The Flying Frisby identified Sierra Madre as his "favourite silver play" and "largest silver position," highlighting the company's expansion plans amid rising silver prices. After meeting with CEO Alex Langer, Frisby described the company's outlook as positive, writing, "The company is on a really good trajectory: expanding at just the right time." He also cautioned readers about silver's volatility, noting that while US$100-per-ounce silver was a possibility, the metal remained vulnerable to sharp corrections. His commentary did not disclose a formal rating or price target. <blockquote class="callOut left">Dominic Frisby of The Flying Frisby identified Sierra Madre as his "favourite silver play" and "largest silver position," highlighting the company's expansion plans amid rising silver prices.</blockquote> In a September 29 VSA Morning Miner report, VSA Capital analyst Oliver O'Donnell, CFA, reiterated his Buy recommendation and CA$2.70 per share price target for Sierra Madre Gold and Silver Ltd., citing continued progress at La Guitarra. O'Donnell noted that throughput had increased from 672 tonnes per day in August to a consistent 720 tonnes per day, approaching the company's original Phase 1 target of 750 to 800 tonnes per day. "Whilst the production capacity increases represent a significant milestone, the development work to access higher grade mineralization is also a vital factor in our forecasted production increases," the report stated. VSA forecast production of 440,000 ounces of silver and 4,400 ounces of gold in 2026, increasing to more than 1.3 million ounces of silver and approximately 12,000 ounces of gold following completion of Phase 2. O'Donnell also highlighted accelerated underground development, access to higher-grade material, and progress on the permitted tailings expansion. Addressing the company's share price, the report stated, "The share price has eased back to the lower end of the recent trading range, however, and we believe that as development progress translates to stronger earnings performance, this will provide a catalyst for rerating." Beyond La Guitarra, Sierra Madre advanced plans for the Del Toro silver mine, acquired from First Majestic in June 2026. The property contained three developed underground mines, more than 60 kilometers of underground workings, and a processing facility comprising three mills. Sierra Madre's December 2025 acquisition announcement described the facility's total processing capacity as 3,000 tonnes per day. Sierra Madre outlined a US$12 million exploration program over 24 to 30 months, including 30,000 meters of diamond drilling and approximately 20,400 assays, with drilling expected to begin in mid-2027 and an updated resource report targeted for early 2028. The company also proposed a separate US$10 million restart program, initially targeting 800 tonnes per day with the potential to double capacity to 1,600 tonnes per day. Production was targeted for mid-2028, positioning the November La Guitarra mill commissioning, East District drilling, and Del Toro development as successive milestones in Sierra Madre's effort to expand its Mexican silver production operations. [OWNERSHIP_CHART-10135] <h2 style="text-align: center;">Ownership and Share Structure1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$402.33 million, with 261.25 million shares outstanding. The company's 52-week range is CA$1.01-CA$3.25. Institutions own 41.4% of shares, while strategic investors, including First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE), own 24.7%. Management and founders own 19.2%, and the remaining shares are held by retail. <h2 style="text-align: center;">Frequently Asked Questions About Silver Prices and Sierra Madre Gold and Silver</h2> Why is the silver market facing a supply deficit in 2026? According to the Silver Institute's World Silver Survey 2026, the global silver market was projected to record a sixth consecutive annual supply deficit of approximately 46.3 million ounces in 2026, compared with 40.3 million ounces in 2025. Cumulative shortfalls since 2021 have required approximately 762 million ounces to be drawn from above-ground inventories. Limited growth in mine production, combined with continued industrial and investment demand, contributed to the imbalance. What is the silver price forecast for the rest of 2026 and 2027? J.P. Morgan Global Research forecasts that silver will average approximately US$70 per ounce in 2026, with a fourth-quarter average of US$63 per ounce and a 2027 average near US$64. According to Trading Economics, silver traded at approximately US$60.30 per ounce in its October 13 market update, with the metal's monthly and year-over-year performance calculated using the same price series as the main article. What is driving industrial demand for silver? Industrial silver demand was supported by solar panels, electric vehicles, electronics, electrical infrastructure, and data centers. An April 2026 industry analysis reported that industrial and technology applications represented approximately 61% of total silver demand in 2025. Solar photovoltaics accounted for approximately 29% of industrial silver consumption in 2024. However, J.P. Morgan also identified increasing silver efficiency in solar manufacturing as a potential source of weaker demand. How much silver is Sierra Madre Gold and Silver producing at La Guitarra? Sierra Madre Gold and Silver Ltd. reported that processing throughput at its La Guitarra silver-gold mine complex in Mexico reached up to a steady 720 tonnes per day in September 2026, more than 40% above its previous 500-tonne-per-day nameplate capacity. This figure represented ore-processing throughput rather than silver ounces produced. The company continued developing additional underground mining areas to supply its expanded processing operation. When will Sierra Madre expand La Guitarra to 1,500 tonnes per day? Sierra Madre expected to commission a new 11x12 ball mill in November 2026 as part of its expansion at La Guitarra. The company said the equipment would support its Phase 2 milling-capacity target of 1,200 to 1,500 tonnes per day, potentially more than eight months ahead of the original equipment schedule. Its corporate presentation identified the third quarter of 2027 as the target for completing the broader Phase 2 expansion. Actual production rates remained dependent on commissioning, underground development, and operational performance. What are Sierra Madre's plans for the Del Toro silver mine in Mexico? Sierra Madre acquired the past-producing Del Toro silver mine in June 2026 and outlined a US$12 million exploration program that included 30,000 meters of diamond drilling. The company also proposed a separate US$10 million restart program targeting an initial processing rate of 800 tonnes per day, with potential expansion to 1,600 tonnes per day. Exploration was expected to begin in mid-2027, with an updated resource report targeted for early 2028 and potential production beginning in mid-2028. These milestones remained subject to successful exploration, development, and restart activities. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32779"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32779" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Tue, 13 Oct 2026 00:00:00 PST From Explorer to Producer? Regency Silver's Two-Track Bet in Sonora https://www.streetwisereports.com/article/2026/10/12/from-explorer-to-producer-regency-silvers-two-track-bet-in-sonora.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/from-explorer-to-producer-regency-silvers-two-track-bet-in-sonora.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Regency Silver Corp. (RSMX:TSX.V; RSMXF:OTCQB) has agreed to acquire a past-producing gold project in Sonora, Mexico, and plans to restart the La Dura mine through toll milling while continuing to explore its flagship Dios Padre project. Find out why one expert thinks the discovery there could be the top of something bigger.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Regency Silver has agreed to acquire the past-producing Jabali gold project in Sonora, Mexico, and plans to put its La Dura mine back into production using toll milling at a nearby mine.</li> <li>Jabali lies about 6 km west of Alamos Gold's Mulatos mine and about 20 km northeast of Regency's flagship Dios Padre project.</li> <li>Historical drilling at Jabali returned 6.91 g/t gold over 63.4 m. Regency has not verified the results and has given no restart timeline.</li> <li>Most of the purchase price for the acquisition, which had not been announced as closed as of October 13, is tied to milestones: 20 million shares on a toll milling agreement, cash payments after commercial production, and a 2% net smelter return royalty.</li> <li>At Dios Padre, hole REG-26-35 returned 5.06 g/t gold, 41.85 g/t silver, and 1.10% copper over 36.35 m. The breccia now extends about 775 m down-plunge and remains open.</li> <li>The drill has left Dios Padre, and drilling is to resume once Regency finishes assessing the 2026 results.</li> <li>Technical Analyst John Newell rated Regency a Speculative Buy in March, saying the Dios Padre breccia could be the upper part of a larger porphyry-style system.¹</li> <li>Industry accounts for about 58% of silver demand, and the market is forecast to post a sixth straight annual deficit in 2026.</li> </ul> <h2 dir="ltr" style="text-align: center;">An Idle Gold Mine and an Explorer's Plan to Switch It Back On</h2> About 6 kilometers (km) from a mine that Regency Silver Corp.'s CEO says has produced more than two million ounces of gold, an underground gold mine called La Dura sits idle. <a href="https://www.streetwisereports.com/pub/co/11413?utm_medium=feed" target="_blank" rel="noopener">Regency Silver Corp. (RSMX:TSX.V; RSMXF:OTCQB)</a>, an explorer best known for a drill discovery 20 km away, has agreed to buy it and says it plans to put it back to work. The company <a href="https://www.stocktitan.net/news/RSMXF/regency-silver-corp-acquires-past-producing-jabali-gold-project-in-c3lnaq393vus.html" target="_blank" rel="noopener">announced on September 9</a> that it had signed a binding agreement to acquire 100% of the Jabali gold project, which includes La Dura, in the Mulatos Mining District of Sonora, Mexico. It intends to send ore to a nearby mine for processing under a toll milling arrangement. "Our objective is straightforward: validate the historical work, complete a NI 43-101 resource and put Jabali back into production using the toll milling model for processing," CEO Bruce Bragagnolo said in the release. Bragagnolo, who co-founded and led Timmins Gold Corp., said Jabali "fits the model that worked at Timmins Gold." That gives Regency two tracks in the same part of Sonora: a possible restart at Jabali and continued exploration at its flagship Dios Padre project. <h2 style="text-align: center;">Six Kilometers From Mulatos: What Comes With Jabali?</h2> Jabali covers about 569 hectares. It lies about 6 km west of the Mulatos mine owned by Alamos Gold Inc. (AGI:TSX; AGI:NYSE) and about 10 km from the La India mine owned by Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE). Regency would acquire it by purchasing all the shares of Tarachi Gold S.A. de C.V. Drilling by Tarachi in 2020 and 2021 returned 6.91 grams per tonne (g/t) gold over 63.4 meters (m) and 7.26 g/t gold over 12 m, the release said. Regency has not verified those results and presented them as historical information only. In test work done for a previous operator in 2021, cyanide leach tests by Bureau Veritas averaged 94.8% gold extraction. Regency said La Dura's existing workings should make it easier to restart. The company is doing the studies needed to estimate capital and operating costs and is completing a National Instrument 43-101 technical report. It has not given a timeline. Most of the purchase price depends on progress. Regency pays US$70,000 on execution of the formal agreement and issues 20 million shares once it reaches a toll milling agreement. The shares will be subject to a voluntary pooling agreement, with 5 million released upon Exchange acceptance and a further 5 million released every six months thereafter. It pays US$1 million six months after commercial production begins and another US$1 million 12 months after that. A further US$2 million is due after 50,000 gold-equivalent ounces are extracted, and the vendors receive a 2% net smelter return royalty. Closing was expected on or about September 30, subject to TSX Venture Exchange acceptance. <h2 dir="ltr" style="text-align: center;">Beneath an Old Silver Mine, the Gold-Copper Hit That Started It All</h2> Regency's flagship project is Dios Padre, near Yecora, Sonora, about 20 km southwest of Jabali. The historic silver mine there reportedly produced about 16 million ounces, <a href="https://www.streetwisereports.com/article/2026/01/16/mining-co-searches-for-massive-silver-resource-at-historic-mine.html?utm_medium=feed" target="_blank" rel="noopener">Streetwise Reports noted in January</a>. The company has been drilling a gold-copper-silver breccia beneath it. In <a href="https://www.stocktitan.net/news/RSMXF/regency-silver-corp-intercepts-high-grade-mineralization-in-step-out-hieee5m9945r.html" target="_blank" rel="noopener">results released June 16</a>, hole REG-26-35 returned 5.06 g/t gold, 41.85 g/t silver, and 1.10% copper over 36.35 m, within 96 m averaging 2.08 g/t gold. The hole was a step-out about 25 m southeast of the discovery hole REG-22-01. "REG-26-35 is the most significant hole drilled to date due to its high content of gold, silver, and copper," Bragagnolo said. The breccia now extends about 775 m down-plunge, and the mineralized zone "remains open in all directions," he said. The 2026 program totaled nine holes and 6,234 m. The drill has left the property, and Regency said it planned on resuming drilling once it finishes assessing the results. Mapping and sampling continue at Dios Padre and at Regency's separately optioned La India mineral concession, a 4,823-hectare property about 10 km to the north that the company <a href="https://www.newsfilecorp.com/release/280904/Regency-Silver-Corp.-Options-the-La-India-Mineral-Concession-Sonora-Mexico-Expands-Position-in-Dios-Padre-District" target="_blank" rel="noopener">optioned in January</a>. <h2 dir="ltr" style="text-align: center;">Two Tracks, One Gold Belt</h2> Regency said Jabali "consolidates Regency's Sonora exploration footprint within the same Sierra Madre Occidental gold belt." Several steps stand between the plan and production. The acquisition has to close. Regency needs a toll milling agreement with a nearby mine, which also triggers the share payment. The technical report and the restart cost studies have to be finished. At Dios Padre, the next step is a decision on when and where to drill again. <h2 dir="ltr" style="text-align: center;">Expert: Dios Padre Breccia May Be the Top of Something Bigger</h2> 1<a href="https://www.streetwisereports.com/article/2026/03/31/high-grade-breccia-discovery-in-mexico-may-point-to-a-larger-porphyry-system.html?utm_medium=feed" target="_blank" rel="noopener">In a March 31 review</a>, written before the Jabali agreement, Technical Analyst John Newell of John Newell & Associates said the breccia at Dios Padre could be the upper part of a larger porphyry-style system within the Laramide porphyry belt. Newell said the project benefits from road access, nearby electricity, and an experienced local workforce. The property hosts a historic silver mine and a National Instrument 43-101 inferred resource of about 11.375 million ounces of silver equivalent, and he said drilling indicated mineralization could extend beyond that footprint. He pointed to the region's production history, including Alamos Gold's Mulatos mine, as evidence of favorable geology. A discovery in a proven district with infrastructure and producing mines nearby can attract strategic interest, he said, as larger producers look for deposits to replace declining reserves. Newell said Regency was still in the early stages of defining the Dios Padre system. He rated the company a Speculative Buy and set a long-term target of about CA$2.20, conditional on continued exploration success. <h2 dir="ltr" style="text-align: center;">Silver's Factory Floor: Solar Pulls Back as Data Centers and Cars Step Up</h2> Silver was at US$60.25 per ounce early on October 9, up about 22% from a year earlier but down about 8% over the past month, <a href="https://fortune.com/article/current-price-of-silver-10-9-2026/" target="_blank" rel="noopener">Fortune reported</a>. Prices were trying to climb off two-month lows after pressure from geopolitical tensions, rising Treasury yields, and a stronger dollar, <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-friday-october-9-2026-silver-prices-are-trying-to-rise-from-2-month-lows-111112139.html" target="_blank" rel="noopener">Yahoo!Finance reported</a>. Factories, not investors, buy most of the metal. Industrial users took 657.4 million ounces (Moz) of the 1,130.6 Moz consumed in 2025, or about 58%, according to figures from the Silver Institute's World Silver Survey 2026 <a href="https://investingnews.com/silver-institute-forecast/" target="_blank" rel="noopener">reported by Investing News Network</a>. That demand is shifting. A survey forecasts industrial use will slip 3% to 639.6 Moz in 2026, but solar accounts for more than the entire decline. Panel makers have responded to higher prices by using less silver and substituting copper, and solar demand is expected to fall 19% to 151 Moz, <a href="https://www.mercomindia.com/silver-demand-forecast-to-drop-19-in-2026-on-lower-solar-cell-loadings" target="_blank" rel="noopener">Mercom India reported</a>. Outside solar, industrial demand is forecast to grow by about 18 Moz. Data centers are part of that growth. The survey expects them to account for more than 10% of silver used in electrical and electronics applications by 2027, according to <a href="https://www.kitco.com/opinion/2026-08-20/tenth-silver-electronics-heading-one-buyer" target="_blank" rel="noopener">an August 20 Kitco commentary</a>. Automotive demand is forecast to grow 3.4% a year through 2031, <a href="https://www.cruxinvestor.com/posts/silver-demand-shifts-from-solar-to-ai-ev-as-deficit-enters-sixth-year" target="_blank" rel="noopener">Crux Investor reported</a>, citing the Silver Institute. Supply has not kept pace. Mine output is forecast to dip 0.3% to 844.1 Moz in 2026, and about 72% of it comes from mines where silver is not the main product, which limits how quickly miners can respond to price, Crux Investor reported. The survey projects a sixth straight annual deficit of 46.3 Moz, up from 40.3 Moz in 2025. The market "has clearly entered an era of reduced stocks," the Silver Institute said.[OWNERSHIP_CHART-11413] <h2 style="text-align: center;">Ownership and Share Structure2</h2> Members of Regency Silver's management team and its board own about 4.72% of the company. Of this total, CEO Bragagnolo, the largest shareholder overall, owns 3.3%. The rest is retail. Regency Silver has 138.03 million shares outstanding. Its market cap is CA$15.15 million. Its 52-week range is CA$0.10–0.44 per share. <h2 style="text-align: center;">Common Questions from Investors</h2> What is Regency Silver's two-track plan in Sonora? The company has agreed to acquire the past-producing Jabali gold project and plans to restart its La Dura mine through toll milling. At the same time, it is continuing to explore its flagship Dios Padre project about 20 km away. Where is Jabali, and what is nearby? Jabali covers about 569 hectares in the Mulatos Mining District. It is about 6 km west of Alamos Gold's Mulatos mine, which CEO Bruce Bragagnolo says has produced more than two million ounces of gold, and about 10 km from Agnico Eagle's La India mine. What is known about the gold at Jabali? Drilling by Tarachi Gold in 2021 returned 6.91 g/t gold over 63.4 m and 7.26 g/t gold over 12 m. Regency has not verified those results and presents them as historical information only. In test work done for a previous operator in 2021, cyanide leach tests averaged 94.8% gold extraction. How is the deal structured? Regency pays US$70,000 on execution of the formal agreement and issues 20 million shares once it reaches a toll milling agreement. The shares will be subject to a voluntary pooling agreement, with 5 million released upon Exchange acceptance and a further 5 million released every six months thereafter. It pays US$1 million six months after commercial production begins, another US$1 million 12 months after that, and US$2 million after 50,000 gold-equivalent ounces are extracted. The vendors receive a 2% net smelter return royalty. What has to happen before Jabali produces gold? The acquisition has to close. Regency needs a toll milling agreement with a nearby mine, a completed National Instrument 43-101 technical report, and finished studies on restart costs. The company has not given a timeline. What do recent drill results show at Dios Padre? Hole REG-26-35, reported June 16, returned 5.06 g/t gold, 41.85 g/t silver, and 1.10% copper over 36.35 m, within 96 m averaging 2.08 g/t gold. Bragagnolo called it the most significant hole drilled to date. The breccia extends about 775 m down-plunge and remains open in all directions. What is next at Dios Padre? The 2026 program ended after nine holes and 6,234 m. Regency said drilling will resume once it finishes assessing the results. Mapping and sampling continue at Dios Padre and at the La India concession, which was optioned in January. What does one expert say? In a March 31 review written before the Jabali agreement, Technical Analyst John Newell rated Regency a Speculative Buy with a long-term target of about CA$2.20, conditional on continued exploration success.¹ He said the Dios Padre breccia could be the upper part of a larger porphyry-style system. What is driving silver demand? Industrial users took about 58% of the silver consumed in 2025. Solar demand is forecast to fall 19% in 2026 as panel makers use less silver, while use in data centers and vehicles is growing. The World Silver Survey 2026 projects a sixth straight annual deficit of 46.3 million ounces. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Regency Silver Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Regency Silver Corp. and Agnico Eagle Mines Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on March 31, 2026 <ol start="1" type="1"> <li>For the quoted article (published on Marc 31, 2026), Regency Silver has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32777"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32777" width="0" height="0"> ( Companies Mentioned: RSMX:TSX.V; RSMXF:OTCQB, ) Tue, 13 Oct 2026 00:00:00 PST Sendero's 3D Model Flags Multiple Porphyry-Epithermal Targets at Peñas Negras https://www.streetwisereports.com/article/2026/10/12/senderos-3d-model-flags-multiple-porphyry-epithermal-targets-at-penas-negras.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/senderos-3d-model-flags-multiple-porphyry-epithermal-targets-at-penas-negras.html?utm_medium=feed">Streetwise Reports 10/12/2026</a> Sendero Resources Corp. (SEND:TSXV) reported results from a 3D interpretation of airborne magnetic survey data that identified multiple interpreted porphyry and epithermal targets at its Peñas Negras Project in Argentina, near the Filo del Sol and Josemaria projects in the Vicuña BeltSendero Resources Corp. (SEND:TSX.V) released <a href="https://senderoresources.com/read/senderos-3d-magnetic-model-identifies-multiple-porphyry-and-epithermal-targets-with-deep-roots-at-pe" target="_blank" rel="noopener">results</a> on October 8, 2026, from advanced 3D inversion and classification of airborne magnetic survey data at its Peñas Negras Project in La Rioja, Argentina, where it owns 120 km² of concessions and has an option to earn a 100% interest in an additional 91.7 km². The model, extending to approximately 3 km (kilometers) depth, identifies multiple kilometer-scale magnetic bodies interpreted as oxidized intrusions, a preserved lithocap across much of the project, and near-vertical magnetite-destructive alteration zones that may mark deep fluid pathways. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Sendero's October 8, 2026, 3D magnetic model provides the first project-scale view to 3 km depth, highlighting multiple intrusive centers and a preserved lithocap at Peñas Negras.</li> <li>Targets align with porphyry Cu-Au-Mo (copper-gold-molybdenum) and high-sulfidation epithermal settings seen in the Vicuña Belt, where peers such as Filo del Sol and Josemaria are advancing development-stage assets.</li> <li><a href="https://in.marketscreener.com/news/sendero-resources-corp-rebuilds-pe-as-negras-drill-assay-database-and-recalculates-metal-equivalent-ce785adfdd8ef526" target="_blank" rel="noopener">Historical data</a> reinterpreted with a consistent methodology show an interval of 24 m at 1.53% CuEq in hole PNDH-06, providing historical context for the new exploration model.</li> <li>The company is fully funded for the upcoming drilling, with the model guiding tests of untested magnetic bodies beneath known mineralization.</li> <li>Positioning near operating and advanced projects in the Vicuña Belt offers district-scale context without direct operational overlap.</li> </ul> <h2 style="text-align: center;">3D Magnetic Model at Peñas Negras</h2> The interpretation points to key ingredients associated with porphyry districts in the Vicuña Belt, including fertile intrusions, deep-rooted structures, multiple mineralizing centers, and a preserved lithocap. Sendero's Interim CEO, Jeremy Gillis, stated in the release, "For the first time, we can see Peñas Negras in three dimensions. The model shows several large intrusive centers, a preserved lithocap, and deep structures. Together, they point to a potential cluster of mineralized systems rather than a single target, with settings for both epithermal and porphyry-style mineralization." Peñas Negras sits approximately 12 km north-northeast of the Josemaria resource area, 18 km southeast of Lundin Mining Corp.'s (LUN:TSX; LUNMF:OTCMKTS) Caserones mine, 24 km northeast of NGEx Minerals Ltd's. (NGEX:TSX) Lunahuasi project, and 32 km north-northeast of the BHP Group Ltd. (BHP:NYSE; BHPLF:OTCPK)-Lundin Mining Filo del Sol development-stage project. The 3D model highlights similarities in geological characteristics to other deposits in the Vicuña Belt, with stacked lithocap layers suggesting multiple hydrothermal events and intrusions rising close to surface at targets such as Cerro Verde Norte. Historical drilling by Anglo American Plc. (AAL:LSE) at Cerro Verde Norte intersected lithocap hydrothermal breccia near surface and granitic intrusive rocks at depth, consistent with the geometry predicted by the model. However, it has not been determined whether the granite represents a mineralizing intrusion or older basement. <a href="https://senderoresources.com/read/sendero-resources-reports-drilling-results-at-penas-negras-project-confirms-geological-model-and-ide" target="_blank" rel="noopener">Recent reconnaissance drilling in 2026</a> at Cerro Verde Sur intersected anomalous gold in the lithocap but did not reach the interpreted magnetic body below, which remains untested. Peñas Negras covers 211.77 km², comprising 120 km² of concessions owned by Sendero and approximately 91.7 km² of adjoining concessions subject to an option to earn a 100% interest. The project features district-scale exploration potential along a prospective 9 km trend. In September 2026, Sendero rebuilt its drill assay database from 77 historical holes and 6,433 samples, applying a consistent CuEq methodology. Earlier in August 2026, three reconnaissance holes totaling 396.3 m confirmed near-surface gold and silver mineralization and geochemical vectors. <h2 style="text-align: center;">Gold and Copper Prices Supported by Investment Demand</h2> Gold prices have recovered over the last week. They opened above US$4,200 per ounce on October 12, 2026, before retreating as investors weighed geopolitical developments and expectations for Federal Reserve policy. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-october-12-2026-gold-opens-at-the-highest-point-in-over-a-week-110103415.html" target="_blank" rel="noopener">Yahoo!Finance</a> reported that December gold futures opened at US$4,220.80 per ounce before falling to US$4,204.20. Despite this recent volatility, investment demand remains supportive: the <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">World Gold Council</a> reported that physically backed gold ETFs attracted US$10 billion in September, bringing third-quarter inflows to a record US$31 billion. Global ETF holdings rose by 67 tonnes to a record 4,256 tonnes during the month. Gold's near-term direction remains sensitive to interest rates, inflation expectations, currency movements, and geopolitical developments. Higher oil prices and Treasury yields can weigh on the metal by increasing the opportunity cost of holding a non-yielding asset, while central-bank purchases and investment flows provide potential support. <blockquote class="callOut left"> Bob Moriarty of 321gold.com wrote,"Sendero has a new management [team]. They are sitting on what might be a copper/gold elephant surrounded by a herd of other mature copper/gold elephants. With a couple of million in the bank, it's long past time to get the truth detector working."</blockquote> For gold exploration and development companies, prices above US$4,000 per ounce offer a potentially favorable commodity backdrop, although market volatility can affect investor sentiment, financing conditions, and project economics. Copper prices rose on October 12 amid supply concerns and expectations for stronger Chinese demand. <a href="https://www.wsj.com/finance/commodities-futures/gold-rises-as-markets-weigh-oil-pullback-2c0301c2" target="_blank" rel="noopener"> </a><a href="https://www.wsj.com/finance/commodities-futures/gold-rises-as-markets-weigh-oil-pullback-2c0301c2" target="_blank" rel="noopener">The Wall Street Journal</a> reported gains in copper, while <a href="https://news.metal.com/id/newscontent/104150645-supply-marginally-loosening-high-prices-may-be-hard-to-sustain-smm-copper-morning-meeting-summary" target="_blank" rel="noopener">Shanghai Metals Market </a>reported an overnight close of US$14,550 per tonne, up 1.79%. Copper's longer-term demand outlook is supported by electrification, renewable energy, electric vehicles, power-grid investment, and data-center construction. However, the <a href="https://icsg.org/download/2026-04-23-press-release-icsg-copper-market-forecast-2026-2027/?filename=2026-04-23-ICSG-Forecast-Press-Release.pdf&ind=69ea529460d24&refresh=9a8e40d5&wpdmdl=9245" target="_blank" rel="noopener">International Copper Study Group</a> projected refined copper surpluses of approximately 96,000 tonnes in 2026 and 377,000 tonnes in 2027, despite constrained concentrate availability. For exploration and development companies, both metals offer opportunities alongside risks. Elevated gold prices and continued investment demand may support gold project economics, while copper's role in electrification and concerns about mine supply could sustain interest in new discoveries. Still, commodity-price volatility, changing demand forecasts, permitting requirements, infrastructure availability, and project-development costs can affect metal prices and project economics. New Management as Worth Watching? On October 9, 2026, Bob Moriarty of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a> weighed in on the company, stating, "Sendero has a new management [team]. They are sitting on what might be a copper/gold elephant surrounded by a herd of other mature copper/gold elephants. With a couple of million in the bank, it's long past time to get the truth detector working." <h2 style="text-align: center;">Exploration to Continue</h2> According to <a href="https://senderoresources.com/system/uploads/Sendero%20Resources%20-%20Corporate%20Presentation%20-%20May%202026.pdf" target="_blank" rel="noopener">the company's website</a>, Sendero's next step consists of further exploration and planned drilling to test priority targets along a prospective 9 km trend, including untested sections of the Mogotes structural corridor, as the company advances its search for concealed copper-gold mineralization. [OWNERSHIP_CHART-11211] <h2 style="text-align: center;">Ownership & Share Information1</h2> Sendero Resources Corp. had approximately 26.55 million shares outstanding, according to the company's investor information. At a share price of CA$0.85, this implies a market capitalization of approximately CA$22.57 million. The company's 52-week trading range was CA$0.62 to CA$2.19. Institutions own 3.45% of shares, while Management & Insiders own 16.43%. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What does the 3D magnetic model reveal about Peñas Negras? A: The model classifies the magnetic data into four interpreted units: a thin, flat-lying lithocap; magnetite-destructive alteration associated with root zones; andesitic volcanic host rock; and steep, pipe-like bodies interpreted as intrusions. These features support the company's interpretation of potential for multiple mineralized systems, but the geological interpretations remain preliminary and require further testing. Q: How does Peñas Negras compare to nearby Vicuña Belt projects? A: The project shares geological traits with deposits such as Filo del Sol and Josemaria, located within tens of kilometers, including preserved upper levels of hydrothermal systems and proximity to major operators like Lundin Mining and BHP. Q: What are the next steps for Sendero? A: The company plans to use the model to target hydrothermal systems along the Mogotes Fault framework in the upcoming fully funded drill campaign. Q: What is a 3D magnetic inversion model in mineral exploration? A: A 3D magnetic inversion model uses magnetic survey data and mathematical techniques to estimate the distribution and geometry of magnetic rocks beneath the Earth's surface. Exploration companies use these models to identify potential intrusive bodies, geological structures, and alteration zones that may be associated with mineral deposits. Sendero Resources applied this technique to airborne magnetic survey data at its Peñas Negras Project in Argentina, modeling geological features to approximately 3 km depth. Q: What is a porphyry copper-gold deposit? A: A porphyry copper-gold deposit is a large mineral system in which copper, gold, and sometimes molybdenum occur within or around intrusive igneous rocks. These deposits often form through the circulation of hot, mineral-rich fluids and can extend across large areas. Sendero Resources is investigating potential porphyry copper-gold-molybdenum mineralization at Peñas Negras within Argentina's Vicuña Belt. Q: What is a lithocap in mineral exploration? A: A lithocap is a zone of intensely altered rock that can form near the upper levels of certain hydrothermal systems, often through the action of acidic fluids. Lithocaps can occur above porphyry deposits and may indicate the presence of deeper mineralized systems. Sendero's 3D magnetic model identified a preserved lithocap across much of Peñas Negras, which the company is investigating as part of its broader exploration model. Q: What is magnetite-destructive alteration in a porphyry system? A: Magnetite-destructive alteration occurs when hydrothermal fluids react with rocks and reduce or remove magnetite, a naturally magnetic iron oxide mineral. This process can create magnetic lows or contrasts that help geologists identify potential fluid pathways and alteration zones. At Peñas Negras, Sendero's model identified near-vertical magnetite-destructive alteration zones that may indicate pathways for mineralizing fluids at depth. Q: What is epithermal gold-silver mineralization? A: Epithermal mineralization forms when relatively shallow hydrothermal fluids deposit metals, commonly gold and silver, within veins, breccias, or altered rocks. High-sulfidation epithermal systems can occur near the upper portions of larger porphyry copper-gold systems, making them important exploration targets. Sendero Resources is evaluating Peñas Negras for both epithermal and deeper porphyry-style mineralization based on its geological mapping, historical drilling, and 3D magnetic model. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sendero Resources Corp. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32775"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32775" width="0" height="0"> ( Companies Mentioned: SEND:TSX.V, ) Mon, 12 Oct 2026 00:00:00 PST Gelum Resources in the Heart of Nuevo Cobre District as JV Advances Porphyry Targets https://www.streetwisereports.com/article/2026/10/12/gelum-resources-in-the-heart-of-nuevo-cobre-district-as-jv-advances-porphyry-targets.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/gelum-resources-in-the-heart-of-nuevo-cobre-district-as-jv-advances-porphyry-targets.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Gelum Resources Ltd. (GMR:CSE; GMRCF:OTCQB) sits at the center of the Codelco-Rio Tinto Nuevo Cobre JV in Chile's Maricunga Belt, with recent sampling expanding exploration targets and a property-wide geophysical survey underway to investigate deeper mineralization.<a href="https://www.streetwisereports.com/pub/co/11601?utm_medium=feed" target="_blank" rel="noopener">Gelum Resources Ltd. (GMR:CSE; GMRCF:OTCQB)</a> may earn a 100% interest in the 2,600-hectare Las Tinajas Gold Project at the northern end of Chile's Maricunga Belt, encircled by the Codelco and Rio Tinto Plc. (RIO:NYSE; RIO:LSE) Nuevo Cobre joint venture that is exploring for porphyry copper-gold beneath the area's epithermal gold deposits. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Gelum may earn a 100% interest in the Las Tinajas project, which is completely surrounded by the Codelco-Rio Tinto Nuevo Cobre JV land package, placing it in the center of district-scale porphyry exploration.</li> <li>Gelum completed a 403-sample rock geochemical program in July 2026. In an August update, the company reported expanded exploration targets and additional areas where gold and/or copper mineralization may occur beneath thin post-mineral cover.</li> <li>The VIP-MT geophysical survey, half complete by August 2026, aims to map deeper targets beneath post-mineral cover across the 2,600-hectare package.</li> <li>Codelco and Rio Tinto’s 2025 district initiative underscores the region’s exploration potential. Rio Tinto holds a 57.74% interest in Nuevo Cobre, while Codelco holds 42.26%.</li> <li>Recent funding of CA$4.3 million supports ongoing exploration in one of Chile's most prolific gold-copper belts.</li> <li>CEO comments highlight the project's location within the emerging district, while the Codelco–Rio Tinto collaboration underscores the area’s broader copper exploration potential. </li> <li>Investors should monitor further geophysics results and any drill permitting updates for catalyst potential.</li> </ul> <h2 style="text-align: center;">Positioned in the Nuevo Cobre District</h2> In July 2026, <a href="https://gelumresources.com/news-releases/gelum-targets-additional-mineralization-beyond-known-existing-gold-targets/" target="_blank" rel="noopener">Gelum completed a second rock sampling program at Las Tinajas,</a> collecting 403 samples. <a href="https://gelumresources.com/news-releases/gelum-completes-further-sampling-of-las-tinajas-gold-project-northern-maricunga-belt-chile-geophysics-survey-half-completed/" target="_blank" rel="noopener">In its August 11 update,</a> the company announced that it had extended known gold targets and identified new copper-molybdenum anomalies, particularly in the southeast sector near a dacitic porphyry plug. The property-wide VIP-MT geophysical survey reached 50% completion by <a href="https://gelumresources.com/news-releases/gelum-completes-further-sampling-of-las-tinajas-gold-project-northern-maricunga-belt-chile-geophysics-survey-half-completed/" target="_blank" rel="noopener">August 2026,</a> with electrodes installed on the eastern portion to map resistivity and chargeability to depths of several hundred meters. The entirety of Las Tinajas is surrounded by <a href="https://gelumresources.com/news-releases/gelum-completes-acquisition-of-las-tinajas-gold-project-northern-maricunga-belt-chile/" target="_blank" rel="noopener">the Nuevo Cobre land package</a> under development by the joint venture between Rio Tinto (57.74%) and Codelco (42.26%). The JV targets porphyry copper mineralization below epithermal gold deposits in the Potrerillos Cu-Au (copper-gold) District, where several porphyry copper deposits lie within 10 km (kilometers) of the project. In the company's July 7, 2026, press release, CEO Hendrik van Alphen stated that the region promises to be an entire mining district, and Gelum is fortunate enough to be right in the middle. Nuevo Cobre was formed in 2023. In May 2025, Codelco and Rio Tinto announced a broader collaboration to develop a copper-mining district in northern Chile, supported by a joint committee and shared funding for preliminary studies. Las Tinajas hosts <a href="https://gelumresources.com/news-releases/gelum-completes-acquisition-of-las-tinajas-gold-project-northern-maricunga-belt-chile/" target="_blank" rel="noopener">historical drilling</a> beginning in 1986 and totaling over 10,990 m in 64 holes, with multiple intervals exceeding 1 g/t Au and several holes ending in mineralization, pointing to potential bulk-tonnage open-pit systems. Gelum completed due diligence and announced that it had signed an option agreement to earn 100% interest in Las Tinajas in April 2026, followed by <a href="https://gelumresources.com/news-releases/gelum-closes-non-brokered-private-placement/" target="_blank" rel="noopener">private placements,</a> including CA$4.3 million closed in June 2026 to fund exploration and working capital. <h2 style="text-align: center;">Copper Remains a Necessary Industrial Metal</h2> Demand for copper is expected to increase as data-center construction, power-grid investment, electric vehicles, and defense applications expand. A 2026 study from <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">S&P Global</a> projected that global copper demand will rise from approximately 28 million metric tons in 2025 to 42 million metric tons by 2040, representing an increase of about 50%. The study identified core economic activity and energy source transitions as the largest reasons for additional demand, while AI data centers and defense represent emerging demand drivers. Supply growth remains a consideration as demand expands. In a separate <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/the-copper-conundrum-why-meeting-ai-era-electrification-demands-is-a-race-against-time" target="_blank" rel="noopener">January 2026 report</a>, S&P Global argued that, without significant additions to global supply, the copper market could face a shortfall of approximately 10 million metric tons by 2040. The study projects that mined copper production could peak around 2030 before declining as existing mines age, while recycled copper would cover only part of the additional demand. The International Energy Agency also continues to track copper as a critical mineral, with its 2026 Critical Minerals Data Explorer providing updated projections for copper demand under multiple energy and technology scenarios. <blockquote class="callOut left">"Gelum is outperforming the underlying CDNX index," wrote technical analyst Stewart Thomson on July 6, 2026, calling it "a bullish sign that could attract momentum-oriented investment funds."1</blockquote> U.S. trade policy has also affected copper markets and inventories. On April 2, 2026, the White House modified <a href="https://www.whitehouse.gov/presidential-actions/2026/04/strengthening-actions-taken-to-adjust-imports-of-aluminum-steel-and-copper-into-the-united-states" target="_blank" rel="noopener">the Section 232 tariff regime for copper</a>, among other metals, so that applicable duties would generally be assessed on the full customs value of covered products rather than only their metal content. The proclamation established additional duties ranging from 10% to 50%, depending on the product, its origin, and its treatment under the applicable provisions. The tariff changes have contributed to unusual flows of copper into the United States. <a href="https://www.reuters.com/business/us-tariff-threat-upends-copper-surplus-prices-test-all-time-peak-2026-08-25" target="_blank" rel="noopener">Reuters</a> reported in August 2026 that U.S. copper imports had reached 885,000 metric tons during the first half of 2026, while COMEX inventories had climbed to a record 675,185 tons as traders responded to the prospect of future tariffs on refined copper. At the same time, copper prices on the London Metal Exchange approached record levels, illustrating how U.S. tariff expectations have affected the distribution of available metal even as the broader global market remained sensitive to supply disruptions and demand growth. U.S. copper supply remains an important consideration for the domestic market. <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-copper.pdf" target="_blank" rel="noopener">The U.S. Geological Survey's 2026 Mineral Commodity Summaries</a> estimated U.S. mine production at approximately 1 million metric tons in 2025, down from 1.05 million metric tons in 2024, while refined copper production was estimated at 850,000 metric tons. The USGS also added copper to the U.S. critical minerals list in 2025. <h2 style="text-align: center;">Thomson Says Stock is "Overperforming"</h2> 1"Gelum is outperforming the underlying CDNX index," wrote technical analyst <a href="https://www.streetwisereports.com/article/2026/07/01/gold-rally-starts-as-chile-project-with-100-earn-in-option-gets-us-market-listing.html?m_t=2026_07_30_11_20_59&utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson</a> on July 6, 2026, calling it "a bullish sign that could attract momentum-oriented investment funds." Thomson listed the following investor highlights: <ul> <li>Gelum appears poised to burst out of a significant inverse H&S pattern.</li> <li>An enormous volume is present in the right shoulder zone; bullish.</li> <li>MFI (Money Flow Index) and OBV (On Balance Volume) are surging, suggesting an upside breakout from the H&S pattern is imminent.</li> <li>RSI (a momentum oscillator) is in a strong rising trend.</li> </ul> At the time of his writing, Thomson gave the company a short-term price target of CA$1.25, a medium-term price target of CA$2.50, and a long-term price target of CA$4.00, rating Gelum a "Speculative Buy". <h2 style="text-align: center;">Maricunga Belt Center of Focus</h2> With sampling results expanding targets and geophysics underway, Gelum is positioned to generate drill-ready porphyry and epithermal targets in a district attracting major JV investment. The company continues to advance work at Las Tinajas while maintaining its focus on the Maricunga Belt's established gold-copper endowment. [OWNERSHIP_CHART-11601] <h2 style="text-align: center;">Ownership & Share Information2</h2> Gelum Resources Ltd. has a market cap of CA$25.53 million, with 33.76 million shares outstanding. The company's 52-week range is CA$0.10-CA$1.13. Institutions own 14.84% of shares, while Management & Insiders own 21.62%. The remaining 63.54% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What is the relationship between Gelum and the Nuevo Cobre JV? A: Gelum is not a partner in the Codelco-Rio Tinto joint venture; its Las Tinajas claims are completely surrounded by the JV's land package, positioning the company as a peer explorer in the same emerging district. Q: Where is the Las Tinajas project located? A: The 2,600-hectare project lies 120 km northeast of Copiapó in Chile's Atacama Region, at the northern end of the Maricunga Gold Belt near the Potrerillos Cu-Au District. Q: What recent work has Gelum completed? A: Gelum completed two rock sampling campaigns in 2026, including 403 samples in the eastern half of the property, and advanced a property-wide VIP-MT geophysical survey that reached 50% completion by August. Q: How does the surrounding JV activity affect Gelum? A: The Codelco-Rio Tinto JV's focus on porphyry copper beneath epithermal gold in the district provides geological context and potential validation for similar targets at Las Tinajas, as noted in company disclosures. Q: What funding has supported recent work? A: Gelum closed a CA$4.3 million private placement in June 2026, with proceeds allocated to exploration at Las Tinajas and general working capital. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Gelum Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Gelum Resources Ltd. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on July 6, 2026 <ol start="1" type="1"> <li> <div role="presentation" data-olk-copy-source="MailCompose">For this article, Gelum Resources Ltd. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500</div> </li> <li> <div role="presentation">Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</div> </li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32773"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32773" width="0" height="0"> ( Companies Mentioned: GMR:CSE; GMRCF:OTCQB, ) Tue, 13 Oct 2026 00:00:00 PST Guanajuato Silver Breaks Through: 267m Ramp Links San Ignacio and Bolanitos Mines https://www.streetwisereports.com/article/2026/10/09/guanajuato-silver-breaks-through-267m-ramp-links-san-ignacio-and-bolanitos-mines.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/guanajuato-silver-breaks-through-267m-ramp-links-san-ignacio-and-bolanitos-mines.html?utm_medium=feed">Streetwise Reports 10/09/2026</a> Guanajuato Silver Co. Ltd. (GSVR:TSX.V; GSVRF:OTCQX) has linked its San Ignacio mine to the Bolanitos complex with an underground ramp finished ahead of schedule, a move it expects will cut costs and speed haulage. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Guanajuato Silver broke through on a 267-meter underground ramp on September 30, ahead of schedule, connecting its San Ignacio mine to the Lucero mine within the Bolanitos complex.</li> <li>The company expects lower operating costs, faster haulage to the Bolanitos plant, and better ventilation. The release gives no dollar figure for the savings.</li> <li>The ramp cut several mineralized veins, with sampling returning 3.25 meters of 6.02 grams per tonne gold and 145 grams per tonne silver on Cecilia #4. A drilling program has started in the area.</li> <li>Those samples were run at the company's own lab, which is not independent, and the results from outside labs are pending.</li> <li>Toward year-end, the company plans a combined geologic model, updated resources and reserves, 2027 mine forecasts, and a new life of mine model.</li> <li>Guanajuato Silver bought Bolanitos from Endeavour Silver in January for US$40 million up front, including a 1,600-tonne-per-day plant it called under-utilized.</li> <li>Second-quarter revenue was US$42.5 million and net income was US$557,000, with Bolanitos costs elevated by a lack of prior development.</li> <li>Peter Krauth of The Silver Stock Investor says the shares look oversold, while Research Capital's Stuart McDougall rates the stock Hold with a CA$0.55 target.</li> <li>Silver is trading near US$61 per ounce, and industry accounts for about 58% of demand.</li> </ul> <h2 dir="ltr" style="text-align: center;">267 Meters That Turn Two Mines Into One</h2> Guanajuato Silver Co. Ltd. (GSVR:TSX.V; GSVRF:OTCQX) has connected its San Ignacio mine to its Bolanitos mines complex underground, completing a 267-meter production ramp it expects will lower operating costs and speed haulage to the Bolanitos processing plant, <a href="https://www.gsilver.com/news/2026c/1056-guanajuato-silver-completes-san-ignacio-to-bolanitos-connect2026-10-08-114002" target="_blank" rel="noopener">the company announced on October 8</a>. The ramp, 4 meters (m) by 4.5 m, links San Ignacio to the Lucero mine, which sits centrally within the Bolanitos complex at its northern boundary with San Ignacio. Construction began in May after what the company called considerable engineering and preparation. Crews broke through on September 30, ahead of schedule. Guanajuato Silver expects the connection to improve haulage rates and ventilation between the two operations and to shorten haulage times from San Ignacio to the Bolanitos plant. "The completion of this connection tunnel is the first of many synergistic improvements that are planned as we move forward with a combined operation at the Bolanitos mines complex, which will include San Ignacio," Senior Vice-President of Mining Operations Rick Trotman said in the release. "This connection will allow us to increase ventilation at San Ignacio, while providing Bolanitos with access to mineralized material with cheaper haulage and better cycle times." <h2 dir="ltr" style="text-align: center;">The Tunnel Hit Gold on the Way Through</h2> The ramp did more than join two mines. As crews advanced, they cut through several mineralized structures, including projections of the Cecilia vein system. Sampling across the veins returned 3.25 m of 6.02 grams per tonne (g/t) gold and 145 g/t silver on Cecilia #4, and 1.3 m of 2.68 g/t gold and 15 g/t silver on Cecilia #3. The company described the mineralization as well above cut-off grades and has started a drilling program in the area to define potential resource additions. Those results carry a caveat. The samples were analyzed at Guanajuato Silver's own laboratory at Bolanitos, which is not independent. About 20% of the samples were sent to independent certified labs, and those results had not come back when the release was issued. The intervals are sample widths, and the company did not report true widths. The cost and haulage benefits are also expected at this stage, and the release does not put a dollar figure on them. A planned loading pocket at San Ignacio is meant to reduce the number of transfer points and allow larger haulage equipment to come through from Bolanitos. More integration work is scheduled toward year-end. The company plans a combined geologic model, updated resources and reserves, a property-wide exploration plan, 2027 mine forecasts, and a new life of mine model. <h2 dir="ltr" style="text-align: center;">A US$40 Million Bet on Bolanitos Starts to Take Shape</h2> <div> <div role="feed" aria-label="Chat messages" aria-describedby="_r_fi_"> <div> <div> <div tabindex="0" role="article" aria-setsize="108" aria-posinset="108" aria-label="Message 108 of 108"> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> Folding San Ignacio into Bolanitos has been the plan since Guanajuato Silver bought the complex from Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE). The company <a href="https://www.accessnewswire.com/newsroom/en/metals-and-mining/guanajuato-silver-closes-acquisition-of-bolanitos-gold-silver-mine-1127396" target="_blank" rel="noopener">announced the closing on January 15</a>, paying US$30 million in cash and US$10 million in shares up front, with up to US$10 million more tied to production milestones. The purchase included a 1,600-tonne-per-day flotation plant that the company described at the time as under-utilized. San Ignacio sits next door, and ore from the mine had already been stockpiled for transport the short distance to that plant. The integration has had costs. In its <a href="https://www.gsilver.com/news/2026c/1051-guanajuato-silver-reports-second-consecutive-quarter-of-posi2026-08-26-044002" target="_blank" rel="noopener">second-quarter results</a>, released August 26, the company said operating costs at Bolanitos were elevated because of "an inherited lack of development at the mine." It had completed about 2,500 m of capital development there in 2026 as of August 15. Chairman and Chief Executive Officer James Anderson said he was confident Bolanitos' production would improve in later quarters. </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> For the quarter, Guanajuato Silver reported revenue of US$42.5 million and net income of US$557,000, its second straight quarter in the black. It produced 347,481 ounces of silver and 3,653 ounces of gold and ended June with US$19.9 million in cash and short-term investments. <blockquote class="callOut left" dir="ltr">Research Capital Corp. analyst Stuart McDougall kept a Hold rating in an August 31 report and cut his price target to CA$0.55 .</blockquote> The company operates the El Cubo and Valenciana mines complexes, Bolanitos, and San Ignacio in Guanajuato state, along with the Topia mine in Durango. Extraction at Valenciana is paused while the company focuses on exploration and mine planning there. Two other recent moves round out the picture. On September 9, Guanajuato Silver <a href="https://www.gsilver.com/news/2026c/1053-guanajuato-silver-appoints-chief-operating-officer2026-09-09-043502" target="_blank" rel="noopener">named Colin Bower chief operating officer</a>. Bower was vice-president of operations at First Majestic Silver Corp. (AG:TSX; AG:NYSE) from 2021 to 2025. On October 5, the company entered into an option agreement for<a href="https://www.gsilver.com/news/2026c/1055-guanajuato-silver-enters-option-agreement-on-its-lourdes-property-in-mexico" target="_blank" rel="noopener"> its Lourdes property</a> in northern Guanajuato with Zacatecas Silver Corp. (ZAC:TSX.V; ZCTSF:OTCQB; 7TV:FSE). To earn a 100% interest, Zacatecas must pay US$225,000 in cash and issue US$600,000 in shares in three installments scheduled for the TSX Venture Exchange approval date and the first and second anniversaries of the agreement. The transaction is subject to the agreement's terms and applicable exchange approval. If Zacatecas exercises the option, Guanajuato Silver will receive a 2% net smelter return royalty, half of which Zacatecas may repurchase for US$1 million before production begins. <h2 dir="ltr" style="text-align: center;">Oversold or On Hold? Two Views of the Stock</h2> <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/silver-sentiment-needs-time-reader-asks-huge-news-from-a-producer-developer/#gu" target="_blank" rel="noopener">Peter Krauth of The Silver Stock Investor wrote on October 7</a> that he holds a full weighting in Guanajuato Silver. "Shares are looking oversold and attractive to add at current levels," he wrote. Krauth was responding to the October 5 Lourdes option. He said the deal brings Guanajuato Silver cash, shares, and a royalty while Zacatecas Silver pays to advance the project. It also frees the company to focus on El Horcon, where a 5,000-meter surface drilling program is underway. Research Capital Corp. analyst Stuart McDougall kept a Hold rating in an August 31 report and cut his price target to CA$0.55 per share from CA$0.65. The shares were at CA$0.48. He lowered the target after management paused extraction at Valenciana while it works to delineate additional mining areas and develop a revised mine plan. McDougall took Valenciana out of his valuation pending more clarity on its potential. Costs rose in the second quarter, he wrote. Net income fell to US$0.5 million from US$5.7 million in the first quarter, largely on higher operating costs. Cash costs averaged US$49 per silver-equivalent ounce produced, up 18%, or nearly US$72 with corporate overhead, sustaining capital, and operating leases included, up 34%. <blockquote class="callOut right" dir="ltr">Roth Capital Partners analyst Joe Reagor maintained a Buy rating and a CA$0.70 price target .</blockquote> The company spent US$9.5 million on development in the quarter, more than twice its total for all of 2025. McDougall expects that spending will continue and make operations more consistent. Crews and equipment from Valenciana have moved to El Cubo, San Ignacio, and Bolanitos, and he expects all three to improve over the rest of the year. Roth Capital Partners analyst Joe Reagor maintained a Buy rating and a CA$0.70 price target on Guanajuato Silver in an August 28 research note. The target implied a 32% return from the CA$0.53 share price at the time of his report. Second-quarter results "were below our expectations on most fronts," Reagor wrote. The company produced 3,653 ounces of gold and 347,481 ounces of silver, short of Roth's estimates of 6,039 ounces of gold and 418,000 ounces of silver. Revenue of US$42.5 million missed Roth's US$57.1 million estimate. Reagor said the biggest problem was lower-than-expected throughput at Bolañitos. "At this point, it is fair to say that the transition of the mine from the prior operators has not gone smoothly, in our opinion," he wrote. After speaking with management, he said he believes "the issues that caused this are in the rearview and production should improve steadily over the coming quarters." Roth lowered its estimates for the rest of 2026 but kept its target, because higher gold and silver prices offset the cuts, Reagor wrote. <h2 dir="ltr" style="text-align: center;">The Precious Metal That Works for a Living</h2> Silver rose about 2.8% on October 9 to roughly US$60.85 per ounce as the dollar softened and Treasury yields pulled back from 24-year highs, <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">according to Trading Economics</a>. It is up about 21% from a year ago and at about half its January record of US$121.64. More than half of silver demand comes from industry. Industrial users consumed 657.4 million ounces in 2025, about 58% of the 1.13 billion-ounce total, <a href="https://silverinstitute.org/elevated-lease-rates-regional-liquidity-tightness-and-robust-investor-interest-resulted-in-record-silver-prices-in-2025/" target="_blank" rel="noopener">the Silver Institute said in its World Silver Survey 2026</a>. In data centers, silver goes into contacts, connectors, switches, relays, circuit boards, semiconductor packaging, and power-management equipment, <a href="https://pv-magazine-usa.com/2026/08/25/silver-prices-rebound-as-ai-data-centers-add-to-industrial-demand/" target="_blank" rel="noopener">pv magazine USA reported on August 25</a>. Solar panels are another major use. "AI, data centers, electric vehicles, and the electrification of everything are supporting demand," Silver Institute President and Chief Executive Officer Michael DiRienzo told the publication. Gold has far less industrial exposure. Technology accounted for 80.4 tonnes of the 1,268.9 tonnes of gold demand in the second quarter, about 6%, <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026" target="_blank" rel="noopener">according to the World Gold Council</a>. Platinum has more. Automotive and industrial uses are forecast to make up about three-quarters of the 7.09 million ounces of platinum demand expected this year, <a href="https://platinuminvestment.com/files/354715/WPIC_PR_PQ_Q2_2026_20260909.pdf" target="_blank" rel="noopener">the World Platinum Investment Council said on September 9</a>. Silver's industrial demand fell 3% in 2025 and is forecast to fall another 3% this year, mainly because solar manufacturers are using less silver per panel, the Silver Institute said. Gains tied to AI infrastructure, automotive, and grid investment offset part of the decline. Demand still exceeded supply for a fifth straight year in 2025, and the institute forecasts a sixth deficit, of 46.3 million ounces, in 2026. Coin and bar demand rose 14% last year.[OWNERSHIP_CHART-10417] <h2 style="text-align: center;">Ownership and Share Information1</h2> Guanajuato Silver's shares closed at CA$0.375 on October 9, giving the company a market capitalization of approximately CA$284.75 million based on 759.33 million shares outstanding. The company's 52-week trading range was CA$0.305 to CA$1.15. Institutions own 14.49% of shares, while management and insiders own 3.74%. The rest is retail. <h2 style="text-align: center;">Common Questions from Investors</h2> What does the new ramp connect? The 267-meter ramp connects the San Ignacio mine to the Lucero mine, which sits within the Bolanitos mines complex at its northern boundary with San Ignacio. When was the connection completed? Crews broke through on September 30, ahead of schedule. Construction began in May, and the company announced the completion on October 8. What benefits are expected from the connection? The company expects lower operating costs, better haulage rates, shorter haulage times to the Bolanitos plant, and improved ventilation. A planned loading pocket at San Ignacio is meant to reduce transfer points and allow larger equipment. These are expectations, and the release does not put a dollar figure on them. Did the ramp development find new mineralization? Yes. It cut several structures, including projections of the Cecilia vein system. Sampling returned 3.25 m of 6.02 g/t gold and 145 g/t silver on Cecilia #4, and 1.3 m of 2.68 g/t gold and 15 g/t silver on Cecilia #3. A drilling program has started to define potential resource additions. How reliable are those sample results? They were analyzed at Guanajuato Silver's own laboratory at Bolanitos, which is not independent. About 20% of the samples went to independent certified labs, and those results had not come back when the release was issued. The intervals are sample widths, not true widths. What comes next for the combined operation? Toward year-end, the company plans a combined geologic model, updated resources and reserves, a property-wide exploration plan, 2027 mine forecasts, and a new life of mine model. How did Guanajuato Silver come to own Bolanitos? It bought the complex from Endeavour Silver, announcing the closing on January 15. It paid US$30 million in cash and US$10 million in shares up front, with up to US$10 million more tied to production milestones. The purchase included a 1,600-tonne-per-day flotation plant. How did the company perform in the second quarter? It reported revenue of US$42.5 million and net income of US$557,000, its second straight profitable quarter. The company said operating costs at Bolanitos were elevated because of "an inherited lack of development at the mine." What is the analyst's view? Research Capital analyst Stuart McDougall kept a Hold rating on August 31 and cut his target to CA$0.55 from CA$0.65 after Guanajuato Silver paused extraction at Valenciana while it evaluates additional mining areas and develops a revised mine plan. He also noted rising costs. How does industrial demand affect silver? Industrial users accounted for about 58% of silver demand in 2025, according to the Silver Institute, compared with about 6% for gold. The institute forecasts a sixth straight supply deficit in 2026. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zacatecas Silver Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32772"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32772" width="0" height="0"> ( Companies Mentioned: GSVR:TSX.V; GSVRF:OTCQX, ) Fri, 09 Oct 2026 00:00:00 PST Upbeat Mood at Recent Gold Conferences https://www.streetwisereports.com/article/2026/10/12/upbeat-mood-at-recent-gold-confrerences.html Source: <a href="https://www.streetwisereports.com/article/2026/10/12/upbeat-mood-at-recent-gold-confrerences.html?utm_medium=feed">Adrian Day 10/12/2026</a> Global analyst Adrian Day discusses developments at several companies while he was away at three large gold conferences.Two leading institutional gold conferences took place in Colorado over the past two weeks, one focusing on juniors and the other on producers, with another retail show immediately prior in Vancouver. Both institutional conferences saw record attendance, with the Mining Forum Americas, focusing on producers, up 50% year-on-year, and a noticeable increase in generalist investors attending. At both, there was a strong demand for one-on-one meetings with companies. Mood was upbeat both among investors and companies. The gold price is higher than at this time last year, though last year it was on the way up, and this year it is down $1,300 from its peak. Despite that, the attitude was positive on longer-term gold prices. But the producers and major royalty companies continue to report record cash flows, while the exploration companies are, for the most part, well cashed up. <h2 style="text-align: center;">Companies Are Mostly in Strong Positions</h2> The producers are, for the most part, exercising sensible, shareholder-friendly capital allocation plans emphasizing discipline and organic growth, as well as execution in operations, while the juniors, again for the most part, have interesting projects and report increased interest from seniors. (Of course, "interest" does not necessarily translate into action, but it is noteworthy to find more major and intermediate companies looking into earlier-stage exploration projects.) The royalty companies all noted strong pipelines of opportunities. In contrast to previous periods when the gold price was high, and the royalty companies were cautious in paying up, and despite very intense competition, most companies were optimistic in continuing to originate good deals. Below are updates, based partly on public pronouncements at the conferences, one-on-one conversations, lunches and dinners, as well as separate news. <h2 style="text-align: center;">Agnico Has a Strong Pipeline and Is Still Looking</h2> Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) noted significant investments planned for existing projects, including recent acquisitions, but emphasized the company was not interested in getting big for its own sake, while production per share remained a key metric. At a small dinner with Agnico, CEO Ammar Al-Joundi noted that the hardest part of the business was finding a good pipeline. Of course, Agnico arguably has a stronger pipeline of projects than any of the other major producers–Al-Joundi called it "the best pipeline ever"— and that includes Hope Bay, its next mine in Nunavut. He noted that Agnico will look at anything, "everything to add value per share", though it is selective in asset quality, jurisdiction, mining type, and resource. He said that, for the first time ever, the company was concerned about cartel activity in Mexico, adding firmly, "We are not prepared to be extorted." <h2 style="text-align: center;">Building Mines in Canada Just Got Cheaper</h2> Al-Joundi noted that, alone of the major miners, Agnico builds its own mines, which it can do because of its regional approach, where it has operations in only a handful of locations. The Canadian government's new rule enabling companies to deduct 100% of capital expenditures (rather than expense them) will make building mines in Canada relatively more attractive than in other jurisdictions. He noted that Agnico had set up a separate unit, Avenir, to invest in strategic metals; it was Avenir that acquired Fox River for its phosphate property earlier in the year. It also holds nearly 9% in the Canada Nickel Company. Although Agnico is prepared to put more money into Avenir, it is encouraging the unit to find money elsewhere, and eventually it is likely to be spun out. With top management, strong mines, a deep pipeline, and low political risk, Agnico is the gold standard of big miners. Down 18% since late August, this is an opportunity to buy if you do not already own it. <h2 style="text-align: center;">Barrick Will Take Time To Regain Market Trust </h2> Barrick Mining Corp. (ABX:TSX; B:NYSE) is striving to rebuild credibility amid a corporate restructuring. However, there is much complexity and many changes, leaving investors confused with much misunderstanding about the plan. Astonishingly, at a small, invite-only luncheon, some top management were not present, and there was no presentation, a wasted opportunity by management to get its message across, and wasted time for analysts, given the multitude of competing events. That would never have happened under former CEO Mark Bristow. CEO Mark Hill said that the company's planned IPO of the North American assets could now be in January, rather than by the end of this year, as previously expected. Any such delay would not be a major cause for concern in my mind. Of more concern to me is that the structure of the new Barrick has not been made sufficiently clear, and much confusion remains. Hill will be CEO of the North American unit once it goes public. It was also noted that development of Reko Diq remains on hold while Barrick "revisits" the project and reassesses its development plans. We are holding. <h2 style="text-align: center;">Wheaton Plans To Reduce Debt Quickly, While Still Eyeing Opportunities</h2> Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) said that, following the $3.4 billion silver stream on BHP Group Ltd.'s (BHP:NYSE; BHPLF:OTCPK) Antamina mine, silver accounts for over half the company's revenues. As new streams come online, this will decline to about 40%. Wheaton has several projects that will contribute to its almost 50% growth over the next five years, including streams on Platreef in South Africa and Hemlo Mining Corp. (HMMC:TSXV; HMMCF:OTCQX) in Canada. Although it now has net debt of CA$1.9 billion, it expects to be net cash positive by the end of next year, given the strong cash generation of the business. It notes a very healthy pipeline of opportunities and has $500 million available on its credit line. <h2 style="text-align: center;">Franco Sees Many Acquisition Opportunities</h2> Franco-Nevada Corp.'s (FNV:TSX; FNV:NYSE) CEO Paul Brink emphasized accretive royalty and stream acquisitions. He was excited about the opportunities for new acquisitions, saying it would have no problem spending its cash stockpile on solid, accretive deals. He expected these to be both large transactions and several smaller ones, mostly gold but also more oil deals. In discussing the company's recent entry into Australia, where the industry had previously been generally averse to selling royalties or streams, Brink noted that the major Australian debt provider was now insisting companies hedge part of their output. In today's rising gold environment, this has made streaming relatively more attractive to many companies. Just within the last two weeks, Franco said it would acquire an additional royalty on the Bullabulling Gold Project in Western Australia, paying AU$170 million for a 1.45% royalty; it already holds a 2.45% royalty on the project. Even without acquisitions, the pipeline for growth is strong. In addition to the possible restart of Cobre Panama, Brink mentioned other projects advancing towards production, as well as "hidden gems" in the company's extensive portfolio of royalties on exploration projects. With over $1 billion in cash and no debt, Franco is well placed for additional acquisitions. <h2 style="text-align: center;">Report on Reopening Cobre Panama Discusses Closing It</h2> The stock sold off sharply last week–as much as $35–after a Ministerial Commission in Panama presented its report on the Cobre Panama shuttered mine, discussing "an orderly closure"; mine owner First Quantum Minerals Ltd. (FM:TSX; FQM:LSE) fell over 30% at one point. Franco owns a stream on the mine, one that was its largest revenue source before the mine was ordered closed by the government. The report, no doubt, was misinterpreted, but it was a strange report. It led by recommending the closure of the mine, "at no cost to the nation". This is a peculiar opening to a report on restarting the mine, all the more so since it is standard practice for mine operators to close down a mine at its own cost. The report also made clear that the Panamanian state would own the mine. Further, the report in its opening said the mine should operate for a "defined period" (without providing any recommendation on the length of the period), and emphasized that there should be "no possibility of extensions". In short, this report raised more questions and concerns than it answered. Nonetheless, the report suggested there should be formal negotiations between the government and First Quantum on reopening the mine (not really a surprise), and we expect some progress in the coming months. The President, in accepting the commission's report, did not indicate when negotiations might restart. The mine has been closed for three years now, with Panama losing employment, tax revenue, and international credibility. The commission made no recommendations on revenue split, schedule for restart, mine life, or indeed even if First Quantum should be the operator. A relatively short-term contact to mine, with no long-term upside, with the majority of benefits going to the government, while First Quantum funds the closing, may not be sufficient to definitively end all arbitration. Franco-Nevada, however, is not a party to negotiations; CEO Brink said the company had not had any contact with the government. Despite the unsatisfactory nature of the long-awaited Cobre Panama report, investors who do not own Franco can take advantage of the price drop to buy. <h2 style="text-align: center;">Royal Gold Has Projects Proving Growth</h2> Royal Gold Inc.'s (RGLD:NASDAQ) CEO Bill Heissenbuttel said the company's Sandstorm and Kansanshi acquisitions were transformational for growth, diversification, and duration. The company now has peer-leading diversification, with just two assets responsible for over 10% of the company's NAV, a complete turnaround from when Mt. Milligan represented over 30% of revenues and was a cause for concern among investors. Weight-average duration is up to 18 years. Heissenbuttel emphasized continuing to make new acquisitions as the top capital allocation priority. Heissenbuttel noted several large projects in the ramp-up phase and others progressing towards production. Platreef in South Africa (on which Royal has a gold stream), Khoemacau in Botswana (a silver stream), and Goose Bay in Nunavut (gold royalty) are in various stages of ramp-up. Beyond that, Hod Maden in Turkey could be in production by the end of 2028, followed by Great Bear at the end of 2029 or early 2030. Its royalty on the massive Fourmile project, now part of the Barrick-Newmont Corp. (NEM:NYSE; NEM:ASX; NEM:PNGX) joint venture in Nevada, is arguably under-appreciated in Royal's stock price. Over the life of the mine, the royalty could generate a billion dollars for the company, Mr. Heissenbuttel said. If you do not own Royal, buy it for long-term, high-growth potential. <h2 style="text-align: center;">Pan American Has Growth Locked In, With Additional Potential</h2> Pan American Silver Corp. (PAAS:TSX; PAAS:NYSE) CEO Michael Steinmann said that the company's La Colorada skarn is a "generational" brownfields discovery; it is located beneath Pan American's existing La Colorada silver mine. There is upside potential in the shuttered Escobal mine in Guatemala that Pan American acquired in 2019. It described the progress to reopen the mine as going at a "glacial pace". There was hope when the local Xinka requested a meeting with Pan American in May, the first time such a direct meeting had been requested, but there has been nothing since. After the project receives the go-ahead, it would be six months before any production and a year until full production, with hiring a workforce the biggest issue. The company announced its gold and silver reserves for June 30, boosted by the acquisition earlier in the year of Juanicipio. Without that acquisition, both gold and silver reserves and resources were down, despite strong additions of silver from the La Colorada skarn deposit. The company has $1.6 billion in cash, with $783 million in debt that it acquired with Yamana, in two tranches with low coupons that it will likely keep until they mature (by 2031). Buy. <h2 style="text-align: center;">Fortuna's Production To Jump, While It Continues Exploration</h2> Fortuna Mining Corp. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S0:FSE) said each of its three operating mines has at least a decade ahead of it, with significant brownfields and regional exploration success at most. There are two major new projects in West Africa, the Séguéla expansion and the new Diamba Sud, expected to be in production by mid-2028, that will lead to 60% growth over three years. In addition, the new mine in Senegal further diversifies jurisdictions and, with an AISC of only $1,300, will reduce company-wide costs. It will finance both projects from existing resources. The company recently upped its exploration budget to $65 million, most of it for brownfields (near mine sites). CEO Jorge Ganoza said he liked both Latin America and West Africa equally and was not concerned about the balance between the two regions in which the company operates, but would advance whichever projects look most promising. He noted that the company has recently acquired a new project in Guyana, while it has a new exploration joint venture in Guinea. Fortuna is one of our favorite miners, with top management, conservative financially, with a rock-solid balance sheet, and strong pipelines. If you are underweight gold, you can buy it here, though I would like to see a pullback before becoming aggressive buyers again. <h2 style="text-align: center;">Metalla's Projects Advancing to Production</h2> Metalla Royalty & Streaming Ltd. (MTA:TSX.V; MTA:NYSEAMERICAN) noted that many projects on which it holds royalties are being advanced. In particular, it is awaiting a new mining plan by IAMGOLD Corp. (IMG:TSX; IAG:NYSE) at its Cȏté-Gosselin mine in Ontario, which is widely expected to merge both deposits into one large pit, potentially advancing the projection from Metalla's royalty ground. The royalty is primarily over Gosselin and could start generating revenue in 2028. HudBay Minerals Inc.'s (HBM:TSX; HBM:NYSE) Copperworld is expected to receive the green light for go-ahead by the end of this year, with production in three years. Equinox Gold Corp.'s (EQX:TSX; EQX:NYSEAMERICAN) Castle Bay could see a projection in 2030. Undervalued on an NAV basis, Metalla is a buy. <h2 style="text-align: center;">Orogen Continues Its Almost-Frenetic Pace of Deals</h2> Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTCQX) continues its recent streak of deals with its acquisition of the Serpent gold project in Nevada. It describes the property as a district-scale, low-sulphidation epithermal target in central Nevada, with "highly anomalous gold in rocks" but no historical drilling. The project was generated in partnership with Altius Minerals Corp. (ALS:TSX), and is made available for a partner. Laurence Pryer, vice president exploration, noted that it is "still possible to find solid greenfield targets, not in shadow of headframe or under deposits". More prospects are being prepared for optioning out. The company noted that it is far easier to negotiate good terms with a junior than with a senior, adding that eventually good properties will find a home if a junior is unable to advance. The company has three alliances with strong partners, Triple Flag Precious Metals Corp. (TFPM:TSX; TFPM:NYSE), Altius, and South32 Ltd. (S32:ASX; S32:LSE). Under an alliance, the partner typically spends the money on exploration, while both share in any sales proceeds. Of the three, only South 32 has the right to designate projects. Orogen is in a fourth alliance, in Norway, where it is providing the exploration capital and its partners with the local expertise. <h2 style="text-align: center;">A High-Potential Project Not Yet Fully Recognized</h2> One project, whose potential is arguably not fully recognized in the share price, is Borica in Colombia, a potentially large copper-gold porphyry that sits in the trend running from the high Andes into Panama and the Cobre Panama mine. It is early days, but the property has the right address. Drilling is expected before the year's end. Since it is owned by a private company, there has not been much public disclosure, but the company has plans to go public, perhaps by the middle of next year, and clearly that would require public disclosure. In addition, looking at what information is available, we note that the global giant Rio Tinto Plc. (RIO:NYSE; RIO:LSE) has back-in rights that must be exercised this year. If they decide to exercise their rights, that would generate some news. In all, Orogen expects CA$50 million in partner spending this full year on its projects, with three moving towards resource estimates. It expects additional project sales (for royalties) before the year's end. With a rock-solid balance sheet, CA$30 million in cash, plus long-term revenue, multiple partners, and an active project generation business, Orogen is a top exploration/royalty company. Buy. <h2 style="text-align: center;">Midland Continues To Be Active, With Multiple Partners</h2> Midland Exploration Inc. (MD:TSX.V) continues to be very active, with exploration activities underway at 10 projects, including eight drill programs planned for the next year, on both 100%-owned projects and partnerships of one form or another. Barrick expects to drill the Lewis optioned project next year, while Soquem continues drilling on its large copper property in Labrador, among others. Rio Tinto has paused work on its lithium joint venture while it decides on which other lithium projects to advance. The company is confident Rio will return to their project, perhaps next year. Midland is well cashed up and expects to have well over CA$8 million in the kitty at the end of the year. Although Midland has multiple opportunities and the stock is undervalued, we are holding off buying, given that it could be subject to tax-loss selling over the next few months; we expect to turn buyers again before year's end. <h2 style="text-align: center;">Russia Takes Nestlé's Operations</h2> Nestle SA (NESN:VX; NSRGY:OTC) said it had "taken note" of Russia's presidential decree placing Nestlé Russia under temporary external administration. The company is assessing the situation and its options. Hold. TOP BUYS for the coming week include, in addition to the above, Ares Capital Corp. (ARCC:NASDAQ), Lara Exploration Ltd. (LRA:TSX.V), and Kingsmen Creatives Ltd. (5MZ:SGX). We are holding off buying a few stocks that are undervalued, since we believe that they could be subject to tax-loss selling in the coming months. This is particularly true of gold and resource stocks held at a loss since there are so few of them available for tax-loss selling. [SMNLINSERT]Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines, Altius Minerals, Equinox Gold, First Quantum Minerals, Hemlo Mining, Fortuna Mining, Franco-Nevada, Lara Exploration, Metalla Royalty & Streaming, Midland Exploration, Orogen Royalties, Pan American Silver, Royal Gold, and Triple Flag Precious Metals.</li> <li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: All. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Adrian Day Disclosures Adrian Day’s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. www.AdrianDayGlobalAnalyst.com. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor’s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. © 2023. Adrian Day’s Global Analyst. Information and advice herein are intended purely for the subscriber’s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32771"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32771" width="0" height="0"> ( Companies Mentioned: AEM:TSX; AEM:NYSE, ABX:TSX; B:NYSE, FSM:NYSE; FVI:TSX; FVI:BVL; F4S0:FSE, FNV:TSX; FNV:NYSE, MTA:TSX.V; MTA:NYSE American, MD:TSX.V, NESN:VX; NSRGY:OTC, OGN:TSXV;OGNNF:OTCQX, PAAS:TSX; PAAS:NYSE, RGLD:NASDAQ, WPM:TSX; WPM:NYSE, ) Mon, 12 Oct 2026 00:00:00 PST Gold Stock Correction Dynamics https://www.streetwisereports.com/article/2026/10/09/gold-stock-correction-dynamics.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/gold-stock-correction-dynamics.html?utm_medium=feed">Gary Tanashian 10/09/2026</a> Gary Tanashian of Notes from the Rabbit Hole shares an updated analysis of the fundamentals of the correction in gold stocks. Let's be realistic: the correction in gold, silver, and the mining/royalty companies that profit from their extraction and sale was not only anticipated but also justified. The correction was necessary as an extremely over-played sector entered Q1, 2026. The HUI Gold Bugs index is now in a support area between the 50% and 62% Fibonacci retrace levels of the rally from the July low. A bounce can come at any time. There is also still a solid chance of an eventual decline to 'bottom re-test' support in the 640 to 670 range. That's the simple technical view. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202610970844_hui_2026-10-08_13-54-29.webp" alt="" width="1000" height="851" /> <figure></figure> What we have today is a sector left for (almost) dead, in favor of the Semiconductor, AI, and big Tech flavors of the day. That is as it should be during a phase when stocks needed to play catch-up and suck 'em back in before the bigger-picture macro grinds back to pro-gold relative to broad stocks. Reference the previous <a href="https://www.streetwisereports.com/article/2026/09/30/a-focus-on-gold-silver-stocks-with-a-coming-low-in-the-gold-spx-ratio.html?utm_source=Gary&utm_medium=feed">Streetwise article</a>, which included a discussion of gold's macro standing vs. the stock market. Very simply, much like the precious metals needed the correction that began in Q1, 2026, the stock market needed a rebound in relation to the global value/health barometer, gold. The question now is, how far will this rebound go? It can hold below the dome, or it can run to the measured target of the bull pattern at around 2.50, or halt anywhere in between. It's a matter of time and degree before gold takes back the macro. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202610970903_spx_gold_2026-10-08_13-14-05.png" alt="" width="1000" height="677" /> <figure></figure> I am not going to try to predict the near-term to intermediate-term future. I am going to advise that while the technicals imply that gold and silver could soon bounce or even rally, there is no confirmation that ultimate lows are in yet. Please see this October 8 article about the <a href="https://nftrh.com/2026/10/08/gold-and-silver-correction-progress-technical-fundamental/" target="_blank" rel="noopener">technical and fundamental state of gold and silver</a>, before we move on to the gold and silver stock discussion. <h2>The Miners Leverage the Metal</h2> That is the most important point about gold miners that many people get wrong or only half right. For many years, there was constant complaining in the gold "community" about how the miners had lost their vaunted leverage to the price of gold. Well, that is not at all the case. Of course, the miners leveraged gold to the downside! Bloated of their own premium valuations and increasingly shoddy operating practices during the 2003-2007 bull market phase, they leveraged gold's under-performance vs. mining cost inputs (notably crude oil) into the crash of 2008 and then a long bear market into 2016. It was logical leverage, and it was rightly negative. From 2016 to today, a full decade, the HUI/Gold ratio (HGR) is basing and trying to break out. If that breakout happens, strap in for a massive bull move in your favorite gold/silver mining, royalty, and exploration stocks. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202610970921_hui_gold.webp" alt="" width="1000" height="500" /> <figure></figure> Here I'll again note a few of mine. There are plenty of other quality stocks not mentioned here. Gold Miners: Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), Newmont Corp. (NEM:NYSE; NEM:ASX; NEM:PNGX), Alamos Gold Inc. (AGI:TSX; AGI:NYSE), B2Gold Corp. (BTO:TSX; BTG:NYSEAMERICAN; B2G:NSX), Coeur Mining Inc. (CDE:TSX; CDE:NYSE), Equinox Gold Corp. (EQX:TSX; EQX:NYSEAMERICAN), to name a few (I currently hold CDE and AGI; the others are on the watch list). Royalty Stocks: Royal Gold Inc. (RGLD:NASDAQ), Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE), Franco-Nevada Corp. (FNV:TSX; FNV:NYSE), Vox Royalty Corp. (VOXR:TSX; VOXR:NASDAQ), Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTCQX), Elemental Royalty Corp. (ELE:TSX; ELE:NASDAQ), Triple Flag Precious Metals Corp. (TFPM:TSX; TFPM:NYSE) (I hold all but TFPM, which is on watch). Exploration/Development: Skeena Resources Ltd. (SKE:TSX; SKE:NYSE), Rio2 Ltd. (RIO:TSX; RIOFF:OTCQX; RIO:BVL), Dakota Gold Corp. (DC:NYSE American), Snowline Gold Corp. (SGD:TSX; SNWGF:OTCQB), i-80 Gold Corp. (IAU:TSX; IAUX:NYSE) (I hold SKE, SGD.TO with the others, and more, on watch). That bit of disclosure business behind us, let's move on. Fast forward to today, the shorter-term daily chart view of the HGR shows a level we've been anticipating in <a href="https://nftrh.com/nftrh-premium/" target="_blank" rel="noopener">NFTRH</a>. A solid test of the (black) 200-day moving average would be completely normal to an ongoing bull rally theme. In the gold and silver article linked above, we described the fundamental challenges currently facing gold. But the miners face a different challenge, and that is the relationship of the gold price (their product) to the prices of other commodities (their cost inputs). <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202610970937_hui_gold-1.webp" alt="" width="768" height="384" /> <figure></figure> The HUI/Gold ratio is intact, implying that factors like the Gold/Oil ratio (GOR) will turn back up, and be favorable for gold mining bottom-line operations. As you can see, this indicator is currently in lockdown. So we can also view it in reverse. The GOR implies that the HUI/Gold ratio will break down. <figure></figure> <h2>Bottom Line</h2> Again, no predictions coming from this writer. Effectively managing not only the gold stock sector, but the whole macro market amalgam requires balance and ongoing perspective checks and adjustments if/as needed. Gold stocks have done a lot of great corrective work in 2026. There is no sign yet that they may be readying for anything but a bounce. But if/when the macro swings their way, the snap-back to bullishness could be furious. At this politically sensitive and, in my opinion, unstable time, the situation bears close watch from both technical and fundamental perspectives. <a href="https://nftrh.com/" target="_blank" rel="noopener">You can view more from Gary here.</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines Limited, B2Gold Corp., Equinox Gold Corp., Franco-Nevada Corporation, Elemental Royalty Corp., Royal Gold Inc., Orogen Royalties Inc., Triple Flag Precious Metals Corp., and Dakota Gold Corp.</li> <li>Gary Tanashian: I, or members of my immediate household or family, own securities of: Coeur Mining Inc., Alamos Gold Inc., Royalty Stocks: Royal Gold Inc., Wheaton Precious Metals Corp., Franco-Nevada Corp., Vox Royalty Corp., Orogen Royalties Inc., Elemental Royalty Corp., Skeena Resources Ltd., and Snowline Gold Corp.My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32770"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32770" width="0" height="0"> Fri, 09 Oct 2026 00:00:00 PST PJX Resources Secures 5-Year Zinger Drill Permit, Advances Dewdney Trail Critical Metals Work https://www.streetwisereports.com/article/2026/10/09/pjx-resources-secures-5-year-zinger-drill-permit-advances-dewdney-trail-critical-metals-work.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/pjx-resources-secures-5-year-zinger-drill-permit-advances-dewdney-trail-critical-metals-work.html?utm_medium=feed">Streetwise Reports 10/09/2026</a> PJX Resources Inc. (PJX:TSXV; PJXRF:OTCQB) receives a renewed five-year permit for first-ever drilling at the Gar RIRGS gold target on Zinger; advances critical metals drilling at Dewdney Trail. PJX Resources Inc. (PJX:TSXV; PJXRF:OTCQB) has secured <a href="https://pjxresources.com/pjx-resources-secures-permit-to-drill-high-priority-rirgs-gold-targets-on-zinger-property-advances-critical-metals-drilling-at-dewdney-trail/" target="_blank" rel="noopener">a renewed five-year drill permit</a> for its Zinger property in southeastern British Columbia, enabling the company's first-ever drilling on high-priority reduced intrusion-related gold system (RIRGS) targets at the Gar intrusion while advancing Sullivan-style critical metals exploration at the Dewdney Trail property. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>PJX Resources Inc. received a five-year permit on October 6, 2026, for first drilling at the undrilled Gar RIRGS gold target on Zinger.</li> <li>High-grade surface samples returning up to 28.84 g/t gold (Au), together with a 1,600-m-long gold-in-soil anomaly, support the RIRGS exploration model. The company also notes geological similarities to Snowline Gold Corp.'s (SGD:TSX; SNWGF:OTCQB) Valley discovery.</li> <li>Dewdney Trail critical metals drilling continues as part of the 4,000 m program financed by the July 2026 CA$6.3-million financing.</li> <li>The Zinger targets remain at an earlier stage than advanced peers like Snowline Gold, providing exploration upside in a comparable RIRGS setting.</li> <li>PJX controls the largest land package in the historical Sullivan district with strong infrastructure access.</li> <li>Next steps include preliminary Zinger drilling before snow and compilation of Dewdney Trail results.</li> </ul> <h2 style="text-align: center;">Five-Year Permit Unlocks Zinger Drilling</h2> On October 8, 2026, Bob Moriarty of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a> told Streetwise Reports, "PJX has at last gotten permission to drill their RIRGS target in southern BC. This is a giant deal. Look for a start of drilling announcement shortly." The company's October 6, 2026, <a href="https://pjxresources.com/pjx-resources-secures-permit-to-drill-high-priority-rirgs-gold-targets-on-zinger-property-advances-critical-metals-drilling-at-dewdney-trail/" target="_blank" rel="noopener">news release</a> details the permit for preliminary holes at the Gar RIRGS target, which has never been drilled. PJX plans to test part of a 1,600 m gold-in-soil anomaly associated with the Gar intrusion before winter conditions set in. According to the company, visible gold occurs in sheeted and structurally controlled quartz veins, with grab samples returning up to 28.84 g/t Au. Airborne magnetic data indicate potential for a cluster of RIRGS targets across a district-scale footprint at least nine km long and two km wide. The geological setting at PJX's Gar intrusion shares key characteristics with Snowline Gold's Valley RIRGS discovery in Yukon, including visible gold in sheeted quartz veins within a mid-Cretaceous granodiorite-to-granitic intrusion and magnetic lows supporting potential mineralization. PJX highlighted similarities to Kinross Gold Corp.'s (K:TSX; KGC:NYSE) Fort Knox deposit in Alaska as well. Unlike Snowline Gold's Valley project, which has undergone extensive drilling, PJX's Gar target remains undrilled. The upcoming program will provide the first drill tests of the target in a road-accessible area, with helicopter support available from nearby Cranbrook. Snowline's project benefits from advanced exploration in a proven RIRGS district, while PJX's work is at an earlier stage, with surface sampling and a permit in hand.<a href="#fn1"></a> Concurrently, PJX continues a 4,000 m drilling program at Dewdney Trail, 25 km east of the historical Sullivan mine, funded by the CA$6.3 million private placement closed in July 2026. Drilling there is focused on the Estella basin, one of three core targets, following the discovery of Sullivan-style mineralized boulders and a 30 m subsurface zone with anomalous zinc, lead, silver, gold, and cobalt. The company has stated that results from the current phase will be released once compiled. <h2 style="text-align: center;">Gold Investors Welcome Recovering Prices</h2> Gold prices recovered on October 9, 2026, after falling earlier in the month, with December gold futures reaching approximately US$4,207 per ounce in early trading. According to <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-friday-october-9-2026-gold-prices-see-modest-gains-after-productive-discussions-with-iran-105955527.html" target="_blank" rel="noopener">Yahoo!Finance</a>, the rebound followed comments from President Donald Trump that Washington was engaged in productive discussions with Iran. Trump has promised the U.S. government will not launch an attack on Iran before the November midterm elections. Lower oil prices, a softer U.S. dollar, and declining Treasury yields also supported gold. However, the metal remained down 5.4% over the previous month. Gold's early-October recovery has remained sensitive to changes in currency and bond markets. The <a href="https://www.wsj.com/finance/commodities-futures/gold-rises-supported-by-potential-china-demand-08b60462" target="_blank" rel="noopener">Wall Street Journal</a> reported on October 9 that U.S. gold futures rose 1.4% to approximately US$4,216.70 per ounce in early European trading, supported by a weaker U.S. dollar and declining oil prices. Expectations that China could continue increasing its gold reserves also helped support sentiment. <blockquote class="callOut left">Bob Moriarty of 321gold.com said, "PJX has at last gotten permission to drill their RIRGS target in southern BC. This is a giant deal. Look for a start of drilling announcement shortly."</blockquote> However, the outlook for Federal Reserve policy remained a source of uncertainty, with markets still weighing the possibility of additional rate increases. These competing factors underscore how gold's near-term direction depends on both safe-haven demand and the opportunity cost of holding a non-yielding asset. Longer-term demand indicators provide additional context for the market. The <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026" target="_blank" rel="noopener">World Gold Council's Q2 2026 Gold Demand Trends report</a> reported that first-half gold demand, including over-the-counter activity, reached 2,522 tonnes, up 2% year over year, while the value of demand reached a record US$380 billion. Central banks purchased 289 tonnes during the second quarter, rebounding sharply from the first-quarter slowdown. The council also reported that gold ETFs experienced outflows during the second quarter as weaker prices, higher interest-rate expectations, and a stronger U.S. dollar weighed on investment flows. It expects investment demand to remain a primary driver of gold demand during the second half of 2026, with central banks continuing to provide support. [OWNERSHIP_CHART-6460] <h2 style="text-align: center;">Ownership & Share Information1</h2> PJX Resources Inc. has a market cap of CA$32.76 million, with 217.65 million shares outstanding. The company's 52-week range is CA$0.08-CA$0.25 per share. Institutions own 11.87% of shares, while Management & Insiders own 12.03%. The remaining 76.10% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What does the new Zinger permit allow? A: The five-year permit enables the first drilling program targeting the Gar RIRGS intrusion, with initial holes planned to test the gold-in-soil anomaly this season. Q: How does Zinger compare to Snowline Gold's Valley? A: Both feature RIRGS-style mineralization with visible gold in sheeted veins and magnetic lows, but Zinger's Gar target is undrilled while Valley has advanced exploration; PJX emphasizes the comparable geological characteristics. Q: What is the status of Dewdney Trail drilling? A: An initial 4,000 m program is underway on Sullivan-style critical metals targets, funded by the recent financing, with results pending compilation. <a href="#fn1"></a>Q: When will drilling results be available? A: PJX is preparing preliminary Zinger drill holes before winter conditions set in. The company says Dewdney Trail results will be announced after the current drilling phase is completed and the data are compiled; no specific release date has been provided. Q: What is PJX's land position? A: The company holds 100% of mineral rights to approximately 750 square kilometers in the Sullivan mining district and Vulcan gold belt. Q: What is a reduced intrusion-related gold system (RIRGS)? A: A reduced intrusion-related gold system is a type of gold deposit associated with intrusive igneous rocks, often featuring gold-bearing quartz veins and mineralization around granitic intrusions. Exploration typically uses geological mapping, surface sampling, geophysical surveys, and drilling to evaluate these targets. Q: What is a Sullivan-style critical metals deposit? A: A Sullivan-style deposit is a type of sedimentary exhalative (SEDEX) mineral deposit associated with seafloor hydrothermal activity. These deposits can contain zinc, lead, silver, and other metals, and PJX Resources is exploring for this type of mineralization at its Dewdney Trail property in British Columbia. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Snowline Gold Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32767"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32767" width="0" height="0"> ( Companies Mentioned: PJX:TSXV;PJXRF:OTCQB, ) Fri, 09 Oct 2026 00:00:00 PST The Missing Piece in a 21-Million-Ounce Gold District Is About to Be Drilled https://www.streetwisereports.com/article/2026/10/09/the-missing-piece-in-a-21-million-ounce-gold-district-is-about-to-be-drilled.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/the-missing-piece-in-a-21-million-ounce-gold-district-is-about-to-be-drilled.html?utm_medium=feed">Streetwise Reports 10/09/2026</a> Bullfrog Gold Corp.'s (FROG:TSXV; BFROF:OTCQX) CEO Ian Slater explains how his company secured overlooked ground in Nevada's 21-million-ounce Beatty gold district and why a fully funded drilling program could reveal what lies beneath.Bullfrog Gold Corp. (FROG:TSXV; BFROF:OTCQX) is preparing to drill its South Bullfrog project in Nevada, where years of exploration have identified promising gold targets on previously overlooked ground surrounded by major discoveries. In a Nevada gold district containing more than 21 million ounces of gold resources, major mining companies have spent hundreds of millions of dollars acquiring properties. Yet one substantial piece of land in the middle of it all remained unstaked until 2021. That was the opportunity Bullfrog Gold Corporation identified in the Beatty district, where its South Bullfrog project now covers 10,050 acres between major gold deposits controlled by AngloGold Ashanti Plc (AU:NYSE; ANG:JSE) The reason the property may have been overlooked was surprisingly simple: much of its geology was hidden beneath a shallow layer of gravel. "There's this hole in the middle of the district that had never been staked," Chairman and CEO Ian Slater told Streetwise Reports during a recent interview. Bullfrog secured the property in 2021, before AngloGold completed a series of acquisitions that consolidated much of the surrounding district. Now, after several years of geological investigation, the company is preparing a fully funded 3,000-meter drilling program scheduled to begin in November. <h2 style="text-align: center;">What Lies Beneath the Gravel?</h2> <a href="https://bullfroggold.ca/investors/investor-deck/" target="_blank" rel="noopener">According to Bullfrog's October 2026 investor presentation</a>, the Beatty district contains more than 21 million ounces of gold in resources and has produced more than 2.3 million ounces historically. Those figures belong to the surrounding district, not Bullfrog's property. AngloGold assembled its position through acquisitions, including Corvus Gold Inc. for approximately US$370 million, Coeur Sterling for US$150 million, and Augusta Gold Corp. for CA$197 million. Bullfrog, meanwhile, holds a 100% interest in its 488 Bureau of Land Management claims, without underlying royalties or obligations to previous operators, according to management. <blockquote class="callOut left" data-pm-slice="1 1 []">Jeff Clark, Daniel Flynn, and Sharyn Alexander of The Paydirt Prospector wrote, "Bullfrog has assembled a credible geological case."</blockquote> The company's exploration team believes the property's geological characteristics could be significant because much of the eastern portion is covered by just one to five meters of alluvial material. "So you can't see this alteration, which is probably why it wasn't staked historically," Slater explained. That cover potentially concealed geological features associated with the hydrothermal systems responsible for mineralization elsewhere in the district. Bullfrog subsequently completed extensive mapping, geochemical sampling, and geophysical surveys, including 546 rock samples, 267 stream sediment samples, and 1,867 soil samples. The work identified five priority targets: Longtail, Shingleback, Bottoms-Up, Sledge, and Southeast Block (SE Block). At Longtail, the company identified a magnetic low approximately one kilometer across, coinciding with elevated mercury in soil samples, a resistivity anomaly, and hydrothermal alteration visible through a small opening in the gravel. Slater said the different exploration methods produced unusually clear overlapping targets. "And the geophysics couldn't have come out more clearly where those targets are," he said. "And same with the geochemistry." <h2 style="text-align: center;">Could This Be Another Silicon?</h2> One of Bullfrog's more intriguing exploration theories involves similarities between Longtail and AngloGold's Silicon gold deposit. The company's presentation identifies comparable geological characteristics, including caldera-related alteration, regional fault structures, and extensive steam-heated alteration. Slater said Longtail and Southeast Block were being evaluated for similarities to Silicon and Merlin, while the western targets offered potential for higher-grade vein-style mineralization. "So this one I'm really excited about," he said of Longtail. "If we hit on this one ... it's another Silicon, right? It'll be really very, very, very, very interesting." The comparison remains an exploration hypothesis. Bullfrog has not established a mineral resource at South Bullfrog, and drilling will determine whether the identified anomalies contain significant gold mineralization. The company's western targets offer a different opportunity. Shingleback contains numerous historical workings and a substantial geophysical anomaly near the intersection of two faults. Slater said the western targets could offer a greater likelihood of intersecting mineralization, although potentially on a smaller scale than the larger eastern targets. <h2 style="text-align: center;">CA$7 Million in Cash and Drilling Ahead</h2> Bullfrog's October presentation reported approximately CA$7 million in cash, with Major Drilling engaged for a fully funded 3,000-meter Phase 1 program beginning in October. In a September 3 report, <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/new-stock-pick-this-new-gold-explorer-owns-the-donut-hole-in-a-booming-nevada-gold-camp/" target="_blank" rel="noopener">Jeff Clark, Daniel Flynn, and Sharyn Alexander of The Paydirt Prospector</a> described Bullfrog's property as a "donut hole" surrounded by AngloGold's holdings. The analysts highlighted its strategic location, geological similarities to nearby deposits, and upcoming drilling program, while emphasizing that the exploration potential remained unproven. "Bullfrog has assembled a credible geological case, but the thesis remains untested," Alexander wrote. The newsletter also suggested that a successful discovery could increase the property's strategic value within the district. The initial campaign calls for approximately 1,500 meters each at Longtail and Shingleback, with additional exploration continuing elsewhere on the property. "If we hit, we're going to keep going," Slater said, explaining that the company could expand successful drilling or move toward other targets. The company also expects additional results from surface exploration at Southeast Block, where management identified extensive alteration and fault structures. Slater brings more than 30 years of mining experience to Bullfrog, including previous service as managing partner of EY's Canadian mining practice and founder of developing companies such as Outcrop Silver & Gold Corp. (OCG:TSX.V; OCGSF:OTCQX; MRG1:DE) and Copper Giant Resources Corp. (CGNT:TSXV; CGNRF:OTCQX; 29H0:FSE). Vice President of Exploration Dan MacNeil, a former Barrick geologist with extensive Nevada experience, identified the original South Bullfrog opportunity. The company's October presentation listed 121.4 million shares outstanding and approximately 149.6 million on a fully diluted basis. For investors, the next milestone is the commencement of drilling, followed by results that could provide the first direct test of the company's geological interpretation. "We've got clear targets and own the property outright," Slater said. [OWNERSHIP_CHART-3922] After five years of assembling its land position and investigating the geology, Bullfrog is approaching the moment when it can begin determining whether the missing piece of the Beatty gold district contains a discovery of its own. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Bullfrog's market cap is CA$21.85 million with 121.4 million shares outstanding and CA$7 million in cash. It trades in a 52-week range of CA$0.05 and CA$0.28. About 16.87% of the company is owned by management, and 17.78% by strategic investor Outcrop Silver. The rest is high net worth and institutional. <h2 style="text-align: center;">Frequently Asked Questions About Bullfrog Gold, Nevada Gold Exploration, and the Beatty Gold District</h2> What makes Bullfrog Gold Corporation an interesting gold exploration stock? Bullfrog Gold Corporation controls the 10,050-acre South Bullfrog gold project in Nevada's Beatty gold district, an area containing more than 21 million ounces of gold in resources. The company's property sits between major AngloGold Ashanti development projects and contains five exploration targets identified through geological mapping, geochemistry, and geophysical surveys. Bullfrog is preparing a fully funded 3,000-meter drilling program to test two of those targets. Why is Nevada's Beatty gold district attracting attention from gold mining companies? Nevada's Beatty gold district has attracted substantial investment because of its established gold deposits and discoveries, historical production, and exploration potential. According to Bullfrog's October 2026 investor presentation, the district contains more than 21 million ounces of gold in resources and has historically produced more than 2.3 million ounces. AngloGold Ashanti consolidated significant holdings through acquisitions involving Corvus Gold, Coeur Sterling, and Augusta Gold. Could Bullfrog Gold discover another Silicon or Merlin gold deposit in Nevada? Bullfrog Gold is investigating geological similarities between its Longtail and Southeast Block targets and AngloGold Ashanti's Silicon and Merlin deposits. These similarities include regional fault structures, caldera-related geology, and extensive hydrothermal alteration. Bullfrog has not established a gold resource at South Bullfrog, and drilling is required to determine whether comparable mineralization exists. When will Bullfrog Gold begin drilling its South Bullfrog gold project? According to its October 2026 investor presentation, Bullfrog Gold planned to begin a fully funded 3,000-meter Phase 1 drilling program in October 2026. Major Drilling was engaged to conduct the work, with approximately 1,500 meters planned at Longtail and another 1,500 meters at Shingleback. Drill results will be important in evaluating the project's gold discovery potential. What are the five gold exploration targets at Bullfrog's South Bullfrog project? Bullfrog Gold has identified five priority exploration targets: Longtail, Shingleback, Bottoms-Up, Sledge, and Southeast Block. Longtail features overlapping geophysical and geochemical anomalies beneath shallow gravel cover. Shingleback contains historical workings and favorable fault intersections. The remaining targets feature combinations of hydrothermal alteration, geological structures, and anomalous pathfinder elements that warrant further exploration. How much cash does Bullfrog Gold have to fund its Nevada drilling program? Bullfrog Gold just closed a CA$7.4 million financing and is fully funded for 2027. Why was Bullfrog Gold's Nevada property overlooked for so long? According to Chairman and CEO Ian Slater, much of the South Bullfrog property's favorable geology was concealed beneath approximately one to five meters of alluvial cover, including gravel. This limited the visibility of hydrothermal alteration at the surface. Bullfrog staked the property in 2021 and subsequently used geological sampling, magnetic surveys, gravity measurements, and induced polarization surveys to identify potential gold exploration targets beneath the cover. Who is Ian Slater, CEO of Bullfrog Gold Corporation? Ian Slater is the chairman and CEO of Bullfrog Gold Corporation. He has more than 30 years of mining industry experience and previously served as managing partner of EY's Canadian mining practice. His background includes founding and leading mining ventures and involvement with Outcrop Silver and Copper Giant. At Bullfrog, he works alongside an exploration team led by geologist Dan MacNeil, who has extensive experience in Nevada. Where can investors buy Bullfrog Gold stock, and what are its ticker symbols? Bullfrog Gold Corporation trades on the TSX Venture Exchange under the ticker FROG. The company announced in September 2026 that its shares had commenced trading on the OTCQX Venture Market under BFROF, providing U.S. investors with access to its shares. Investors can review the company's disclosures, exploration updates, and financial information before making investment decisions. What are the next major catalysts for Bullfrog Gold stock in 2026? Bullfrog Gold's principal upcoming catalysts include the commencement of its 3,000-meter drilling campaign, initial exploration results from Longtail and Shingleback, additional surface exploration findings from Southeast Block, and progress toward testing other priority targets. The most consequential development will be whether drilling confirms significant gold mineralization associated with the geological anomalies identified across the property. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Anglogold Ashanti Ltd. and Copper Giant Resources Corp.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32762"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32762" width="0" height="0"> ( Companies Mentioned: FROG:TSXV;BFROF:OTCQX, ) Fri, 09 Oct 2026 00:00:00 PST Sranan Gold's Q4 Catalyst Preview: Lawatino Drill Mobilization and Tapanahony Assays Ahead https://www.streetwisereports.com/article/2026/10/09/sranan-golds-q4-catalyst-preview-lawatino-drill-mobilization-and-tapanahony-assays-ahead.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/sranan-golds-q4-catalyst-preview-lawatino-drill-mobilization-and-tapanahony-assays-ahead.html?utm_medium=feed">Streetwise Reports 10/09/2026</a> Sranan Gold Corp. (SRAN:CSE; SRANF:OTCQB; P84:FSE) advances Lawatino toward early 2027 drilling after high-grade sampling while Tapanahony Poeketi assays remain pending from the 5,000 m program.Sranan Gold Corp. (SRAN:CSE; SRANF:OTCQB; P84:FSE) is positioning for <a href="https://sranangold.com/news/sranan-gold-channel-sampling-returns-39-55-g-t-gold-over-1-metre-at-lawatinos-101-zone/" target="_blank" rel="noopener">two key Q4 2026 catalysts</a> at its Suriname gold projects: the planned mobilization of drilling equipment to the Lawatino project and the release of pending assay results from the ongoing 5,000-meter (m) diamond drill program at the high-grade Poeketi Zone on the Tapanahony project. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Sranan plans to mobilize its first drill to the Lawatino project by start of 2027, following positive channel sampling results of 39.55 g/t gold (Au) over 1 m.</li> <li>Pending assays from the 5,000 m Poeketi Zone program at Tapanahony, started in April 2026, represent a near-term catalyst alongside Randy's Pit drilling.</li> <li>Lawatino lies close by the Central Guiana Shear Zone near peer exploration projects, offering district-scale potential in a proven gold belt.</li> <li>The May 2026 CA$3.6 million financing supports the company's 2026 exploration plans across both projects.</li> <li>High-grade surface results at Lawatino (up to 101.5 g/t Au) and active artisanal mining at Tapanahony provide multiple vectors for discovery.</li> </ul> <h2 style="text-align: center;">Pending Assays & Catalyst Preview at Two Projects</h2> <a href="https://sranangold.com/news/sranan-gold-channel-sampling-returns-39-55-g-t-gold-over-1-metre-at-lawatinos-101-zone/" target="_blank" rel="noopener">On September 10, 2026</a>, Sranan reported channel sampling results from Lawatino that included 39.55 grams per tonne gold (g/t Au) over 1 m at the 101 Zone and 1.29 g/t Au over 4 m at the Bodoe Zone. These results build on earlier reconnaissance grab samples of up to 101.5 g/t Au announced <a href="https://sranangold.com/news/sranan-golds-lawatino-reconnaissance-sampling-program-returns-grab-sample-assays-of-up-to-101-5-g-t-gold/" target="_blank" rel="noopener">July 14, 2026</a>, and they support the company's systematic trenching and sampling ahead of drilling. Management has stated that, subject to exploration results, logistics, and other considerations, Sranan plans to mobilize drilling equipment to the 18,468-hectare Lawatino project in early 2027. The project lies along the Central Guiana Shear Zone, the same regional structure hosting active exploration at peer projects such as Founders Metals Inc.'s (FDR:TSXV; FDMIF:OTCQX; 9DL0:FSE) Antino and Miata Metals Corp.'s (MMET:TSXV; MMETF:OTCQX; 8NQ:FSE) Sela Creek. Current work focuses on advancing the 101 and Bodoe zones, which sit approximately 1.5 km apart along a northwest-southeast trend with historical artisanal workings. At the 29,000-hectare Tapanahony project, a 5,000 m diamond drill program targeting the Poeketi Zone began in April 2026, located 4.5 km northwest of the Randy's Pit Zone. As of <a href="https://sranangold.com/news/sranan-gold-mobilizes-second-drill-rig-onto-its-tapanahony-project-targeting-5000-metres-along-the-poeketi-zone/" target="_blank" rel="noopener">the most recent update</a> in June 2026, multiple holes had been completed at Poeketi with core logged, sampled, and submitted for assay; results remain pending. The programs together target a minimum of 5000 m of drilling in 2026 along the Poeketi Shear Zone to test continuity of gold mineralization. Lawatino reconnaissance and channel sampling continue to define high-priority targets on the large property, with only a small portion explored to date. <a href="https://sranangold.com/news/sranan-gold-mobilizes-crews-to-lawatino-gold-project-while-tapanahony-drilling-continues/" target="_blank" rel="noopener">Tapanahony drilling</a> focuses on tracing mineralization along the Poeketi Shear Zone in areas of active artisanal mining, with the Poeketi program testing an approximately 1 km mineralized corridor. In other news, Sranan closed <a href="https://sranangold.com/news/sranan-gold-closes-oversubscribed-3-6-million-private-placement/" target="_blank" rel="noopener">an oversubscribed CA$3.6 million private placement</a> in May 2026, providing funding for the expanded Tapanahony drilling and initial Lawatino exploration activities. <h2 style="text-align: center;">Gold Sector Still Elevated Despite Swings</h2> Gold has pulled back sharply from its 2026 high, but the metal remains well above year-ago levels. As of October 8, 2026, <a href="https://www.kitco.com/charts/gold">Kitco</a> reported spot gold at approximately US$4,130 per ounce. Gold has faced pressure from elevated Treasury yields, a stronger U.S. dollar, and shifting expectations for Federal Reserve policy, although softer recent economic data has reduced some expectations for an October rate increase. The September correction was particularly notable because investment demand remained comparatively strong. The <a href="https://www.gold.org/goldhub/gold-focus/2026/10/weekly-markets-monitor-out-ordinary" target="_blank" rel="noopener">World Gold Council</a> reported that gold fell more than 8% during September, placing the monthly decline in the 93rd percentile of historical monthly price falls. At the same time, global gold ETFs recorded more than 70 tonnes of inflows, ranking the increase in the 77th percentile of monthly inflows. The World Gold Council described the combination as unusual, noting that ETF demand remained strong even as futures positioning declined. <blockquote class="callOut left">Technical analyst Stewart Thomson weighed in on Sranan on August 5, 2026, offering a "Speculative Buy" rating with a short-term price target of CA$0.17.1</blockquote> The broader demand picture also remains supportive for the gold sector. The <a href="https://www.gold.org/node/18275" target="_blank" rel="noopener">World Gold Council's Q2 2026 Gold Demand Trends report</a> showed total gold demand, including over-the-counter activity, reached 2,522 tonnes during the first half of 2026, up 2% year over year, while the value of demand reached a record US$380 billion. The World Gold Council's outlook called for investment to remain the principal source of gold-demand growth through the remainder of 2026, with central banks expected to remain significant buyers. At the same time, elevated prices have continued to weigh on jewelry demand. The September decline has also affected gold equities, underscoring the leverage that mining companies can have related to movements in the underlying metal. <a href="https://www.mining.com/top-50-mining-companies-take-264-billion-hit-as-gold-trade-unwinds-lithium-stocks-exit/" target="_blank" rel="noopener">Mining.com</a> reported that the world's 50 most valuable mining stocks lost approximately US$264 billion in market value during September. The publication noted that gold futures declined from about US$4,441 per ounce at the end of August to US$4,158 per ounce at the end of September, a 6.4% monthly decline. The selloff came as rising bond yields, a firmer dollar, and tighter monetary-policy expectations weighed on the precious-metal market. For exploration-stage companies, the current gold market presents both opportunity and volatility. ETF inflows, investment demand, and central-bank purchases continue to provide underlying support for the metal. However, the September correction demonstrates that gold equities remain sensitive to changes in interest-rate expectations, bond yields, currency movements, and investor positioning. For companies advancing exploration programs in established gold districts, the current environment provides a still-elevated commodity-price backdrop, but one in which short-term price swings remain an important consideration. <h2 style="text-align: center;">Thomson Sees 'Attractively Priced' Stock</h2> 1Technical analyst <a href="https://www.streetwisereports.com/article/2026/08/05/high-grade-assays-chart-buy-alert-for-guiana-shield-gold-company.html?m_t=2026_08_31_09_27_20&utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson</a> weighed in on Sranan on August 5, 2026, offering a "Speculative Buy" rating with a short-term price target of CA$0.17, a medium-term price target of CA$0.27, and a long-term price target of CA$0.35. Thomson's reasoning includes an experienced management team, an attractively priced stock, and high-grade exploration assay results. On the location front, Thomson wrote, "Located in the geologically prolific Guiana Shield (host to the Rosebel and Merian mines), the projects benefit from established mining infrastructure and a government actively seeking foreign investment." Thomson described the Lawatino project as a "low-cost, high-reward exploration upside" for the company's portfolio. [OWNERSHIP_CHART-11608] <h2 style="text-align: center;">Ownership & Share Information2</h2> Sranan Gold Corp. has a market cap of CA$7.06 million, with 93.82 million shares outstanding. The company's 52-week range is CA$0.08-CA$0.47. Institutions own 5.10% of shares, while Management & Insiders own 5.37%. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What is the status of drilling at Lawatino? A: Sranan is advancing surface work, including trenching and channel sampling, in preparation for maiden drilling, with mobilization targeted for late 2026, depending on results and logistics. Q: When can investors expect Tapanahony Poeketi assays? A: Assays from the 5,000 m program that began in April 2026 remain pending as of the latest company updates; results are expected as laboratories process samples. Q: How does Lawatino compare to nearby projects? A: Lawatino sits on the same Central Guiana Shear Zone as Founders Metals' Antino and Miata Metals' Sela Creek projects, providing geological context for the target areas identified through reconnaissance sampling. Q: What funding supports the Q4 catalysts? A: The oversubscribed CA$3.6 million private placement closed in May 2026, funding the Tapanahony drill programs and Lawatino exploration leading into the planned drilling. Q: What is a diamond drilling program in gold exploration? A: A diamond drilling program uses a diamond-tipped drill bit to extract cylindrical sections of rock, called drill core, from beneath the surface. Geologists analyze and assay the core to determine the presence, grade, thickness, and continuity of gold mineralization. Sranan Gold is conducting a 5,000-meter diamond drilling program at the Poeketi Zone of its Tapanahony project. Q: What is channel sampling in gold exploration? A: Channel sampling involves cutting or collecting a continuous sample across a section of exposed rock to measure the grade and width of mineralization. Unlike grab samples, which are collected from selected pieces of rock, channel samples can provide a more representative indication of mineralization across a defined surface interval. Sranan reported 39.55 g/t gold over 1 meter from channel sampling at the Lawatino project's 101 Zone. Q: What is the Guiana Shield, and why is it important for gold exploration? A: The Guiana Shield is an ancient geological region underlying parts of northern South America, including Suriname, Guyana, French Guiana, Venezuela, and Brazil. It hosts several significant gold deposits and producing mines, making it an important exploration region for companies seeking gold mineralization. Q: What is a shear zone in gold exploration? A: A shear zone is a zone of fractured and deformed rock created by geological forces. These structures can provide pathways for mineral-rich hydrothermal fluids and can therefore host gold mineralization. Sranan's Lawatino and Tapanahony projects are associated with regional shear structures, including the Central Guiana Shear Zone and Poeketi Shear Zone. Q: What is a gold mineralized corridor? A: A gold mineralized corridor is a defined geological trend or zone containing multiple occurrences of gold mineralization. Exploration companies use drilling, surface sampling, mapping, and geophysical surveys to determine whether mineralization continues along the corridor and whether it may represent a larger deposit. At Tapanahony, Sranan's Poeketi drilling is testing an approximately 1-km mineralized corridor. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Sranan Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sranan Gold Corp. and Miata Metals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on August 5, 2026 <ol start="1" type="1"> <li> <div role="presentation" data-olk-copy-source="MailCompose">For this article, Sranan Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$4,000.</div> </li> <li> <div role="presentation">Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</div> </li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32761"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32761" width="0" height="0"> ( Companies Mentioned: SRAN:CSE; SRANF:OTCQB; P84:FSE, ) Fri, 09 Oct 2026 00:00:00 PST 24 Drill Holes, 6,169 Meters and High-Grade Silver: This Yukon Project Awaits Its Next Results https://www.streetwisereports.com/article/2026/10/09/24-drill-holes-6-169-meters-and-high-grade-silver-this-yukon-project-awaits-its-next-results.html Source: <a href="https://www.streetwisereports.com/article/2026/10/09/24-drill-holes-6-169-meters-and-high-grade-silver-this-yukon-project-awaits-its-next-results.html?utm_medium=feed">Streetwise Reports 10/08/2026</a> Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB; I90:FSE) completed its largest-ever drilling program at its Haldane Silver Project in Yukon's Keno Hill District, with assay results expected in October.<div> <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB; I90:FSE) completed its largest-ever drilling program at the Haldane Silver Project in Yukon's historic Keno Hill Silver District, totaling 6,169 meters across 24 drillholes in 2026. </li> <li>High-grade silver, gold, lead, and zinc mineralization remained the primary exploration focus at Haldane's Main Fault discovery, where previous drilling intersected 818 g/t silver, 1.39 g/t gold, 2.54% lead, and 0.98% zinc over 13.15 meters. </li> <li>New silver assay results are expected in the first half of October 2026, with all drill core, rock, and soil samples from the completed Haldane exploration program shipped to ALS Labs for analysis. </li> <li>Silver exploration targeted multiple mineralized zones, including Main Fault extensions along strike and down dip, distal Main Zone targets, and the Bighorn target, located approximately 3 kilometers from the Main Fault. </li> <li>Silver North's other Yukon silver exploration assets include the Tim and Veronica projects in the Silvertip District. Silver North regained 100% ownership of Tim following the Coeur Mining Inc. (CDE:TSX; CDE:NYSE) termination of its option agreement in May 2026, while Veronica forms part of the GDR Project.</li> <li>Silver North reported funding for its 2026 and 2027 drilling campaigns, supporting its stated exploration programs across its Canadian silver properties.</li> </ul> <h2 style="text-align: center;">Silver North Completes Largest Drill Program in Haldane Project History</h2> <a href="https://www.streetwisereports.com/pub/co/11042?utm_medium=feed" target="_blank" rel="noopener">Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB; I90:FSE)</a> announced <a href="https://silvernorthres.com/silver-north-completes-largest-drill-program-to-date-at-haldane-silver-project-keno-hill-silver-district-yukon/" target="_blank" rel="noopener">on October 7 that it had completed its largest drilling program to date at the Haldane Silver Project in Yukon's historic Keno Hill Silver District.</a> The 2026 campaign consisted of 24 drill holes totaling 6,169 meters, meeting the company's stated objective of completing between 5,000 and 7,000 meters of drilling. The program focused primarily on expanding silver-lead-zinc mineralization at the Main Fault discovery, including areas near the company's 2024 and 2025 drilling. Additional holes tested more distant extensions of the Main Zone structure and the Bighorn target, approximately 3 kilometers from the Main Fault. Two drill rigs operated during the campaign. The program included drilling at the Main Zone, Main Zone distal extensions, and Bighorn, where four holes were completed. Bighorn had previously been tested by a single drillhole in 2019, which returned 125.7 grams per tonne (g/t) silver over 2.35 meters. "The 2026 program was designed to build on the significant discovery we made at the Main Fault and to test the potential to expand that mineralization along strike and down dip, while also evaluating additional targets across Haldane," <a href="https://silvernorthres.com/silver-north-completes-largest-drill-program-to-date-at-haldane-silver-project-keno-hill-silver-district-yukon/" target="_blank" rel="noopener">stated Jason Weber, P.Geo., president and CEO of Silver North, in the company's October 7 news release.</a> Weber added, "With the largest drill program in Haldane's history now complete, we are eager to see the results and what they may tell us about the potential for further discovery and expansion." The latest drilling followed results from the company's 2025 exploration campaign. Drillhole HLD25-31 at the Main Fault intersected 818 g/t silver, 1.39 g/t gold, 2.54% lead, and 0.98% zinc over 13.15 meters, as reported in a November 17, 2025, news release. In addition to drilling, Silver North completed airborne geophysical surveys, detailed structural and lithological mapping, prospecting, and soil geochemical sampling. The company collected 1,322 soil samples and 75 rock samples during the program. All core, rock, and soil samples collected during the 2026 campaign have been shipped to ALS Labs in Whitehorse and Vancouver. The company also reported that its Haldane exploration camp had been winterized following the completion of field operations. Management anticipated releasing the first tranche of analytical results during the first half of October. Haldane is 100% owned by Silver North and is located adjacent to Hecla Mining Co.'s (HL:NYSE) Keno Hill Mine. According to the company, three Keno-style silver vein discoveries have been made at Haldane through 24 drill holes. The company's other primary assets include the Tim and Veronica silver projects in the Silvertip District of southern Yukon and northern British Columbia. Silver North stated that it was fully funded for its 2026 and 2027 drilling campaigns. <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2 style="text-align: center;">Silver Market Reflects Industrial Demand and Precious Metals Volatility</h2> <a href="https://www.kitco.com/opinion/2026-10-06/gold-and-silver-alert-why-pullback-doesnt-end-bull-market" target="_blank" rel="noopener">According to an October 6 commentary published by Kitco Media, Jeffrey Christian of CPM Group examined silver market fundamentals</a>, investment demand, and the methods used to calculate supply deficits and surpluses. The discussion focused on why investment purchases and fabrication demand were treated separately when assessing silver market balances. Christian explained that the distinction affected the number of years classified as periods of silver deficits. CPM Group also placed greater emphasis on macroeconomic conditions, supply and demand, inventories, and investor behavior than on technical analysis when evaluating precious metals markets. The commentary described the importance of examining "investment purchases from fabrication demand" when calculating market balances. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-silver-shed-400-billion-152156350.html" target="_blank" rel="noopener">An October 7 report by Lockridge Okoth for BeInCrypto examined a sharp decline in precious metals prices as U.S. Treasury yields climbed. </a>Silver fell from approximately US$60.13 to US$59.00 per ounce during a 15-minute period before rebounding. <blockquote class="callOut left">Technical analyst Stewart Thomson assigned Silver North a "Speculative Buy" rating and identified resistance and profit-booking levels of CA$0.45 in the short term, CA$0.65 in the medium term, and CA$1.00 over the longer term.1</blockquote> The report attributed the selling pressure to rising bond yields, with the 10-year Treasury yield reaching 5.35% and the 30-year yield reaching 5.70%. Because precious metals did not pay interest, higher bond yields increased the income investors gave up by holding them. BeInCrypto also distinguished between declining market valuations and actual investment outflows. The report explained that falling precious metals prices reduced the estimated value of existing holdings without necessarily indicating that investors had sold their positions. As the article stated, "Only the price used to value them changed." <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics reported on October 8 that silver traded at US$58.993 per troy ounce</a>, representing a daily decline of 1.26% and a monthly decrease of 12.27%. Despite those declines, silver had gained 19.63% over the preceding year. The market data provider described silver as "a widely traded precious metal with both industrial and investment applications." Its report identified electronics, solar panels, and medical technologies among silver's industrial uses, alongside its role as a store of value and portfolio diversification tool. Trading Economics noted that silver prices were influenced by both industrial demand and investor sentiment, while interest rate expectations and inflation concerns contributed to market movements. </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <h2 style="text-align: center;">Third Party Highlights High-Grade Silver Results, Exploration Expansion, and Technical Signals.</h2> 1<a href="https://www.streetwisereports.com/article/2026/08/20/numerous-chart-buy-signals-for-yukon-silvertip-district-explorer-with-drills-in-the-ground.html?utm_medium=feed" target="_blank" rel="noopener">Technical analyst Stewart Thomson assigned Silver North a "Speculative Buy" rating in an August 20 report</a>, citing several technical indicators in the company's share-price charts. With shares trading at CA$0.26 at the time of his analysis, Thomson identified resistance and profit-booking levels of CA$0.45 in the short term, CA$0.65 in the medium term, and CA$1.00 over the longer term. On the monthly chart, Thomson identified a breakout from a bull wedge and rectangle base, accompanied by bullish trading volume and rising on-balance volume. He also observed that stochastics were approaching a crossover buy signal. His daily chart analysis identified a bull flag, bullish divergence in the MACD indicator, and resistance near CA$0.46. Thomson's relative-performance analysis also identified an inverse head-and-shoulders pattern against the CDNX Index. He wrote that the pattern suggested, "long-term outperformance for the company's stock price is beginning now." Alongside his technical assessment, Thomson discussed Silver North's exploration activities and financial position. He highlighted the 5,000- to 7,000-meter Haldane drilling program, the completed SkyTEM survey, and exploration targets including West, Bighorn, Johnson, and Middlecoff. His report stated that Silver North had raised more than CA$13 million and was financed through 2027. Thomson also identified several risks, including uncertainty over whether high-grade drilling intersections would form a contiguous, economically mineable resource. Additional considerations included potential shareholder dilution, sensitivity to silver prices, seasonal operating conditions in Yukon, permitting requirements, and regulatory constraints. </div> </div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <h2 style="text-align: center;">Silver Exploration Targets Extend Across Three Yukon Projects</h2> <a href="https://silvernorthres.com/presentations/" target="_blank" rel="noopener">Silver North Resources Ltd. has identified multiple exploration targets across its Haldane, Tim and Veronica properties in Yukon</a>, with activities focused on high-grade silver mineralization, extensions of existing discoveries and carbonate replacement deposit (CRD) systems. At Haldane, exploration has centered on the Main Fault discovery, where drilling has established mineralization extending at least 100 meters along strike and 300 meters down dip from surface. Previous drilling included hole HLD24-30, which intersected 1.83 meters grading 1,088 grams per tonne (g/t) silver and 3.9 g/t gold. Subsequent drilling in hole HLD25-31 returned 13.15 meters averaging 818 g/t silver, 1.39 g/t gold, 2.54% lead, and 0.98% zinc. The company's completed 2026 drilling campaign included additional testing of the Main Zone and its extensions, along with four holes at the Bighorn target, approximately 3 kilometers from the Main Fault. Other exploration areas at Haldane include the West Fault, where drilling has traced mineralization over an area of approximately 100 meters by 90 meters, with the zone remaining open for expansion along strike and at depth. Silver North has also identified the Middlecoff and Johnson targets, both associated with historical high-grade silver production. Beyond Haldane, Silver North's Tim property represents another component of its Yukon silver exploration portfolio. Located approximately 19 kilometers north of the Silvertip Mine, Tim returned to Silver North's 100% ownership following the termination of Coeur Mining's option agreement effective May 24, 2026. Exploration at Tim has focused on carbonate replacement deposit (CRD) mineralization associated with the same rock formations hosting the Silvertip deposit. Previous exploration included a six-hole, 2,250-meter drilling program targeting the Wolf Fault. Results included drillhole TIM24-Pad04-002, which intersected 3.39 meters grading 52.8 grams per tonne (g/t) silver, 0.28 g/t gold, 0.11% lead, and 0.27% zinc. Trenching also returned 4 meters grading 468.1 g/t silver, 21.1% lead, and 0.3% zinc in Trench 1, while Trench 3 returned 8.8 meters grading 265.0 g/t silver, 6.7% lead, and 0.9% zinc. Geological observations at the Wolf Fault included calcite veining exhibiting fluorescence under ultraviolet light, recrystallization of host limestone units, and silver-bearing oxidized mineralization at surface. Silver North identified these features as indications of a CRD system at Tim. [OWNERSHIP_CHART-11042] <h2 style="text-align: center;">Ownership and Share Structure2</h2> Management and strategic investors own 14.6%, and the rest is retail and institutional. As of August 13, 2026, the company has a market capitalization of approximately CA$21.6 million and a 52-week share price range of CA$0.185 to CA$0.57 per share. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:b0ec2891-5316-4ac0-886b-4fcbb020eb39-6" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:b0ec2891-5316-4ac0-886b-4fcbb020eb39-6" data-turn-id-container="request-WEB:b0ec2891-5316-4ac0-886b-4fcbb020eb39-6" data-testid="conversation-turn-8" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="3707fd3a-5b44-4e26-8d0c-a3824526c67c" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2 style="text-align: center;">Frequently Asked Questions About Silver North Resources and Its Yukon Silver Discovery</h2> What are the latest drilling results from Silver North Resources' Haldane Silver Project in Yukon? Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB; I90:FSE) announced on October 7, 2026, that it had completed its largest-ever drilling campaign at the Haldane Silver Project in Yukon's Keno Hill Silver District. The program included 24 drill holes totaling 6,169 meters, targeting the Main Fault discovery, extensions of the Main Zone, and the Bighorn target. The company expected the first batch of assay results during the first half of October. How much high-grade silver and gold has Silver North discovered at Haldane? Previous drilling at Haldane's Main Fault discovery returned 13.15 meters grading 818 grams per tonne (g/t) silver, 1.39 g/t gold, 2.54% lead and 0.98% zinc in hole HLD25-31. Another hole, HLD24-30, intersected 1.83 meters grading 1,088 g/t silver and 3.9 g/t gold. These results established high-grade silver mineralization at the Main Fault, where exploration has focused on extensions along strike and down dip. Why is Silver North's 6,169-meter Yukon silver drilling program significant? The completed 2026 program was the largest in Haldane's history and met Silver North's drilling objective of 5,000 to 7,000 meters. Two drill rigs tested multiple targets, including areas near previous high-grade silver intersections and more distant extensions of the Main Zone structure. The program also included airborne geophysical surveys, geological mapping, and the collection of 1,322 soil samples and 75 rock samples. When will Silver North release its next Haldane silver assay results? Silver North stated in its October 7 announcement that it expected the first tranche of analytical results during the first half of October 2026. All core, rock and soil samples collected during the drilling campaign had been shipped to ALS Labs in Whitehorse and Vancouver for analysis. The company had also winterized its Haldane exploration camp. Where is Silver North's Haldane Silver Project located? The 100%-owned Haldane Silver Project is located in the historic Keno Hill Silver District of Yukon, Canada, adjacent to Hecla Mining's Keno Hill Mine. Silver North has reported three Keno-style silver vein discoveries at Haldane, including the Main Fault discovery that formed the primary focus of its 2026 drilling campaign. What is the Main Fault silver discovery at Haldane? The Main Fault is a silver-lead-zinc mineralized structure at Haldane where drilling has identified high-grade silver intervals containing gold. Previous exploration established mineralization extending at least 100 meters along strike and 300 meters down dip from surface. The 2026 drilling program targeted extensions of this mineralization and additional areas along the Main Zone structure. What is the Bighorn silver exploration target in Yukon? Bighorn is an exploration target approximately 3 kilometers from Haldane's Main Fault discovery. Its initial drillhole in 2019 returned 125.7 g/t silver over 2.35 meters. Silver North completed four additional holes at Bighorn during its 2026 exploration campaign, with analytical results pending as of the October 7 announcement. What other silver exploration targets does Silver North have at Haldane? In addition to the Main Fault and Bighorn, Silver North has identified the West Fault, Johnson, and Middlecoff targets. Previous drilling at the West Fault extended identified mineralization by 100 meters along strike and 90 meters down dip. Johnson and Middlecoff are associated with historical high-grade silver production. The company has identified more than 12 kilometers of cumulative vein strike across Haldane. What are Silver North's Tim and Veronica Silver projects? Tim and Veronica are exploration properties in the Silvertip District of southern Yukon and northern British Columbia. Tim is located approximately 19 kilometers north of the Silvertip Mine and has been investigated for carbonate replacement deposit mineralization. Veronica includes the Betty target, where previous soil sampling identified an approximately 1-kilometer-by-1-kilometer silver-lead-zinc geochemical anomaly. What high-grade silver results have been reported at the Tim and Veronica projects? At Tim, trenching returned 4 meters grading 468.1 g/t silver, 21.1% lead, and 0.3% zinc. At Veronica, prospecting identified a float sample grading 2,860 g/t silver, 0.412 g/t gold, and 76.8% lead. These historical exploration results were reported separately from the completed 2026 Haldane drilling campaign. Is Silver North Resources fully funded for future silver exploration? Silver North stated in its October 7, 2026, news release that it was fully funded for its 2026 and 2027 drilling campaigns. An August 20 report by technical analyst Stewart Thomson also noted that the company had raised more than CA$13 million and was financed through 2027.1 What have analysts said about Silver North Resources' stock? 1Technical analyst Stewart Thomson assigned Silver North a "Speculative Buy" rating in an August 20 report, identifying technical chart patterns and resistance levels of CA$0.45, CA$0.65, and CA$1.00 across different time horizons. How has the silver price performed in October 2026? Trading Economics reported silver at US$58.993 per troy ounce on October 8, reflecting a daily decline of 1.26% and a monthly decline of 12.27%. Despite the recent pullback, silver had gained 19.63% over the preceding year. Silver's industrial applications included electronics, solar panels, and medical technologies, alongside its investment uses. What are the next catalysts for Silver North Resources stock? The company's next announced milestone was the release of analytical results from its completed 6,169-meter Haldane drilling campaign. The program tested Main Fault extensions and the Bighorn target, while the company's broader exploration portfolio included the West Fault, Johnson, Middlecoff, Tim, and Veronica properties. The timing and results of additional exploration activities had not been established in the October 7 announcement. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> </div> </div>Important Disclosures:<ol> <li>Silver North is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> <ol> <li>Disclosure for the quote from the Stewart Thomson article published on August 20, 2026</li> </ol> <ol> <li>Silver North Resources has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$2,500 for the preparation of an independent technical research report, published on August 20, 2026</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in Silver North, and he has no direct financial relationship with the company.</li> </ol> <ol start="2"> <li>Ownership and Share Structure Information</li> </ol> The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32759"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32759" width="0" height="0"> ( Companies Mentioned: SNAG:TSX.V; TARSF:OTCQB; I90:FSE, ) Thu, 08 Oct 2026 00:00:00 PST Domestic Metals CEO Likes the Early Core From Smart Creek Drilling https://www.streetwisereports.com/article/2026/10/08/domestic-metals-ceo-likes-the-early-core-from-smart-creek-drilling.html Source: <a href="https://www.streetwisereports.com/article/2026/10/08/domestic-metals-ceo-likes-the-early-core-from-smart-creek-drilling.html?utm_medium=feed">Streetwise Reports 10/08/2026</a> The first core from Domestic Metals Corp.'s (DMCU:TSXV; DMCUF:OTCQB; 03E0:FSE) drilling at Smart Creek in Montana has CEO Gord Neal encouraged and hoping for wider intercepts. <div> <div role="feed" aria-label="Chat messages" aria-describedby="_r_e6_"> <div> <div tabindex="0" role="article" aria-setsize="87" aria-posinset="87" aria-label="Message 87 of 87"> <div> <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>CEO Gord Neal says he likes the early core from Smart Creek but is hoping for wider intercepts. No assays have been released.</li> <li>Domestic Metals is drilling at an angle through the area of the best hole drilled by Rio Tinto, which owns 40% of the joint venture. That hole returned 109.73 meters grading 0.75% copper.</li> <li>Surface samples from 2025 ran as high as 102 g/t gold, 23.1% copper, and 3,810 g/t silver, and coincide with the geophysical targets.</li> <li>The fully funded program is up to 9,000 meters in six to eight holes, with initial assays expected six to eight weeks after drilling starts.</li> <li>HoldCo Markets maintained a CA$0.75 price target in a September 8 note.</li> <li>S&P Global projects copper demand will rise 50% by 2040 as electricity use and AI data centers grow.</li> </ul> <h2 dir="ltr" style="text-align: center;">CEO Sizes Up the First Core From Smart Creek</h2> The first core out of the ground at Smart Creek in Montana looks encouraging, says Gord Neal, president and CEO of <a href="https://www.streetwisereports.com/pub/co/11313?utm_medium=feed" target="_blank" rel="noopener">Domestic Metals Corp. (DMCU:TSXV; DMCUF:OTCQB; 03E0:FSE)</a>, though he wants to see more of it. "I'm hoping for wider intercepts," Neal told the Investing News Network at the Precious Metals Summit in Beaver Creek, Colorado, <a href="https://www.youtube.com/watch?v=_K0DML4AcrE&t=146s" target="_blank" rel="noopener">in a video posted on YouTube on October 2</a>. The company is drilling through the area of Rio Tinto Plc's (RIO:NYSE; RIO:ASX; RIO:LSE; RTNTF:OTCMKTS) best hole at the project, which returned 109.73 meters grading 0.75% copper. Rio drilled that hole vertically in 2022, Neal said, and Domestic's geologists believe the mineralization is a dipping structure. "You really should drill a dipping structure at an angle," he said. The new hole runs oblique to the mineralization and also targets a breccia zone. The geologists are looking for continuity in the first holes, Neal said. No assays have been released. <h2 dir="ltr" style="text-align: center;">'The Highest Surface Samples I've Ever Encountered'</h2> Samples from the company's 2025 field program ran as high as 102 grams per tonne (g/t) gold, 23.1% copper, and 3,810 g/t silver, according to a <a href="https://www.globenewswire.com/news-release/2026/09/08/3357531/0/en/domestic-metals-commences-drill-program-at-smart-creek-project-montana.html" target="_blank" rel="noopener">September 8 release</a>. "Those are the highest surface samples I've ever encountered," Neal said. The samples coincide with the geophysics, he said, which lets the team vector toward the centers of the porphyry and carbonate replacement deposit (CRD) systems it believes are there. Domestic added to an induced polarization survey Rio Tinto had run, and Neal said the team was surprised by how strongly the Radio Tower target and the ground southeast of Smart Creek responded. The Smart Creek holes are meant to verify the CRD system. Future work will focus on the Sunrise target to the west and southwest, he said. Permits come faster in Montana than in Arizona, Nevada, or New Mexico, Neal said. The company has had no problems with the U.S. Forest Service and has met with residents of Philipsburg, the nearest town, which he described as a mining community. Neal said he is fairly confident the assays will match or exceed Rio's 109-meter intercept. <h2 dir="ltr" style="text-align: center;">In Butte's Backyard, With Rio Tinto as a Partner</h2> Smart Creek covers 8,000 hectares, about 50 kilometers northwest of the Butte Mine Complex, in a district the company says produced 24.8 billion pounds of copper. Neal said the project sits in the same geologic trend, in reactive host rocks of the same age. <blockquote class="callOut left" dir="ltr">HoldCo Markets maintained its CA$0.75 price target on Domestic Metals.</blockquote> Rio Tinto owns 40% of the joint venture, according to the release. Domestic can earn up to 60%, and Rio drilled at 26 of 40 permitted sites, <a href="https://www.streetwisereports.com/article/2026/09/09/montana-copper-explorer-starts-9-000-meter-drill-program-at-smart-creek.html?utm_medium=feed">Streetwise Reports previously reported</a>. Rio's hole SMCR0022 returned the 109.73-meter intercept, including 89 meters of 0.97% copper. The program is up to 9,000 meters in an estimated six to eight holes and is fully funded from the treasury, the company said. Three holes of 600 to 800 meters at Smart Creek come first, followed by four at the Sunrise Mine target. Initial assays were expected six to eight weeks after drilling started. In May, Domestic <a href="https://domesticmetals.com/news/domestic-metals-closes-private-placement/" target="_blank" rel="noopener">closed a private placement</a> of 10,973,700 units at CA$0.28 for gross proceeds of about CA$3.07 million. </div> <div role="group" aria-label="Suggested actions"> <h2 dir="ltr" style="text-align: center;">'The Great Enabler of Electrification' Faces a Supply Gap</h2> Global copper demand is projected to reach 42 million metric tons by 2040, a 50% increase from current levels, S&P Global said in a <a href="https://press.spglobal.com/2026-01-08-Substantial-Shortfall-in-Copper-Supply-Widens-as-the-Race-for-AI-and-Growing-Defense-Spending-Add-to-Accelerating-Demand,-New-S-P-Global-Study-Finds?asPDF=1" target="_blank" rel="noopener">January study</a>. The firm expects global electricity demand to rise almost 50% over that period and copper demand from AI and data centers to roughly triple. S&P Global Vice Chairman Daniel Yergin called copper "the great enabler of electrification." </div> </div> </div> <div aria-hidden="true"> The study projects a supply deficit of 10 million metric tons by 2040 and says a new copper mine takes 17 years on average to go from discovery to production. Benchmark three-month copper on the London Metal Exchange traded at US$14,405.50 per metric ton on October 7, down 0.1% on the day and up 16% this year, <a href="https://brecorder.com/news/40443097/copper-slips-on-firmer-dollar-supported-by-supply-worries" target="_blank" rel="noopener">Reuters reported</a>. Inventories in the exchange's warehouses have fallen 36% since early June, and workers at Chile's Centinela mine were set to strike. "Despite China's real estate problems, it's still progressing with electrification," WisdomTree commodity strategist Nitesh Shah told Reuters. <div> <div role="feed" aria-label="Chat messages" aria-describedby="_r_e6_"> <div> <div> <div tabindex="0" role="article" aria-setsize="119" aria-posinset="119" aria-label="Message 119 of 119"> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2 dir="ltr" style="text-align: center;">Analysts Point to Two Years of Target Work Behind the Drilling</h2> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> HoldCo Markets maintained its CA$0.75 price target on Domestic Metals in a September 8 research note. The firm said the drilling follows two years of geological, geophysical, and sampling work to define porphyry copper and CRD/skarn targets. Domestic is the sixth company to drill Smart Creek, which gives it a large historical database, and Rio Tinto remains a 40% joint venture partner that Domestic's technical team can consult, the note said. Management aims to vector toward the center of the porphyry system and potentially find grades above Rio's 2022 results, according to HoldCo. [OWNERSHIP_CHART-11313] 1<a href="https://www.streetwisereports.com/article/2026/04/17/montana-copper-explorer-shows-promising-geophysical-results-and-bullish-technical-setup.html?utm_medium=feed" target="_blank" rel="noopener">Technical analyst Stewart Thomson reiterated</a> a "Speculative Buy" rating on April 21, saying the 2026 induced polarization survey had broadened several target areas. He identified "a bull triangle" on the weekly chart and "an inverse head-and-shoulders continuation pattern" on the daily chart. "These technical developments, combined with the positive exploration news at Smart Creek, suggest the stock is building momentum," Thomson wrote. He set a long-term technical price target of CA$6.60 on the stock. </div> </div> </div> <h2 style="text-align: center;">Ownership and Share Structure2</h2> About 13.57% of the company is held by insiders and management. The rest is retail. As of October 7, Domestic Metals Corp. has a market capitalization of approximately CA$12.18 million with 71.92 million shares outstanding. The stock has traded in a 52-week range of CA$0.16 to CA$0.40. <h2 style="text-align: center;">Common Questions from Investors</h2> What is Domestic Metals drilling at Smart Creek? A program of up to 9,000 meters in an estimated six to eight holes. Three holes at the Smart Creek target come first, followed by four at the Sunrise Mine target. What did Gord Neal say about the early core? He called the results promising and said he is hoping for wider intercepts. He said the geologists are looking for continuity in the first holes. No assays have been released. How does this drilling differ from Rio Tinto's? Neal said Rio drilled its best hole vertically in 2022, while Domestic's geologists believe the mineralization is a dipping structure. The new hole runs oblique to the mineralization and also targets a breccia zone. When are assay results expected? Initial assays were expected six to eight weeks after drilling started. Neal said he is fairly confident they will match or exceed Rio's 109-meter intercept. Who owns Smart Creek? Rio Tinto owns 40% of the joint venture, and Domestic can earn up to 60%. The project covers 8,000 hectares, about 50 kilometers northwest of the Butte Mine Complex. What do analysts say? HoldCo Markets maintained a CA$0.75 price target in a September 8 note. Technical analyst Stewart Thomson reiterated a "Speculative Buy" rating on April 21.1 What is the outlook for copper? S&P Global projects demand reaching 42 million metric tons by 2040, a 50% increase, with a supply deficit of 10 million metric tons. Copper traded at US$14,405.50 per metric ton on the London Metal Exchange on October 7. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Domestic Metals Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Domestic Metals Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on April 21, 2026 <ol start="1" type="1"> <li> <div role="presentation" data-olk-copy-source="MailCompose">For this article, Domestic Metals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li> <div role="presentation">As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Domestic Metals Corp. and Rio Tinto Plc. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</div> </li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32757"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32757" width="0" height="0"> ( Companies Mentioned: DMCU:TSXV; DMCUF:OTCQB; 03E0:FSE, ) Thu, 08 Oct 2026 00:00:00 PST Prince Silver Corp. Hits Two Widest Silver Intersections to Date at Prince Project in Nevada https://www.streetwisereports.com/article/2026/10/07/prince-silver-corp-hits-two-widest-silver-intersections-to-date-at-prince-project-in-nevada.html Source: <a href="https://www.streetwisereports.com/article/2026/10/07/prince-silver-corp-hits-two-widest-silver-intersections-to-date-at-prince-project-in-nevada.html?utm_medium=feed">Streetwise Reports 10/07/2026</a> Prince Silver Corp. (PRNC:CSE; PRNCF:OTCQX) reports 47.24m at 68.17 g/t Ag and 36.58m at 86.30 g/t Ag in latest Nevada drilling; full results and numbers detailed.Prince Silver Corp. (PRNC:CSE; PRNCF: OTCQX; T130:FSE) reported on October 6, 2026, <a href="https://princesilvercorp.com/two-of-the-widest-silver-intersections-to-date-at-shallow-depths-47-metres-at-68-2-g-t-silver-119-1-g-t-silver-equivalent-and-37-metres-at-86-3-g-t-silver-146-3-g-t-silver-equivalent/" target="_blank" rel="noopener">two of the widest silver-polymetallic intersections to date</a> from its ongoing reverse circulation drill program at the Prince Silver Project in Nevada, with PRC-59 returning 47.24 m (meters) at 68.17 g/t Ag (silver), with 119.13 g/t AgEq (silver equivalent), and PRC-60 returning 36.58 m at 86.30 g/t Ag, with 146.27 g/t AgEq, both near historical mine workings in the Lyndon Limestone. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>PRC-59 and PRC-60 delivered the broadest polymetallic intersections to date at shallow depths near historical workings, confirming mineralization remains around the old mine.</li> <li>Repeated intersections across Lyndon Limestone, Pioche Shales, and Combined Metals Bed strengthen the stacked-horizon model and support maiden resource work targeted for early 2027.</li> <li>High-grade sub-intervals, such as 1.52 m at 1,215 g/t Ag in PRC-54, highlight potential for both bulk tonnage and selective high-grade zones.</li> <li>41 holes and 11,251 m completed as of late September 2026 provide substantial new data to integrate with historical records.</li> <li>OTCQX listing (PRNCF) and recent financing support ongoing exploration and resource development work in a district with significant historical production.</li> </ul> <h2 style="text-align: center;">Results Show Significant Mineralization</h2> The results come from nine RC (reverse circulation) drill holes (PRC-51 through PRC-60, excluding PRC-56) and underscore the scale and continuity of mineralization near past-producing areas while advancing the geological model for a maiden NI 43-101 Mineral Resource Estimate (MRE) targeted for early 2027. As of the time of writing, Prince Silver has completed 41 holes totaling 11,251 m. Highlights from the release include: <ul> <li>PRC-59: 47.24 m at 68.17 g/t Ag (119.13 g/t AgEq), 9.57% Mn (manganese), 2.40% Zn (zinc), 1.95% Pb (lead), 0.26 g/t Au (gold) from 62.48 m; plus 6.10 m at 142.50 g/t Ag (208.28 g/t AgEq), 10.95% Mn, 4.05% Zn, 3.01% Pb, 0.22 g/t Au in shallower Chisholm Shale.</li> <li>PRC-60: 36.58 m at 86.30 g/t Ag (146.27 g/t AgEq), 9.46% Mn, 3.08% Zn, 2.20% Pb, 0.28 g/t Au from 64.01 m; plus 16.76 m at 85.98 g/t Ag (115.69 g/t AgEq), 5.61% Mn, 1.50% Zn, 1.66% Pb, 0.21 g/t Au in Combined Metals Bed, including 1.52 m at 347.00 g/t Ag (365.87 g/t AgEq).</li> <li>PRC-54: 3.05 m at 619.60 g/t Ag (665.07 g/t AgEq), 2.105 g/t Au, 3.66% Zn, 0.15% Pb in Pioche "D" Shale, including 1.52 m at 1,215.00 g/t Ag (1,297.58 g/t AgEq), 4.16 g/t Au, 6.67% Zn, 0.13% Pb.</li> <li>PRC-55: 4.57 m at 106.10 g/t Ag (238.77 g/t AgEq), 13.0% Mn, 2.98% Zn, 1.29% Pb, 1.816 g/t Au in Combined Metals Bed.</li> <li>PRC-58: 4.57 m at 55.57 g/t Ag (119.36 g/t AgEq), 8.74% Mn, 3.92% Zn, 2.09% Pb, 0.05 g/t Au in Pioche "B" Shale; plus 3.05 m at 51.47 g/t Ag (231.48 g/t AgEq), 2.16 g/t Au, 4.48% Zn, 0.90% Pb in Pioche "D" Shale.</li> <li>PRC-51: Multiple intervals in Combined Metals Bed totaling 13.72 m at 77.60 g/t Ag (with sub-intervals up to 265 g/t Ag) and 4.57 m at 83.30 g/t Ag in Pioche "D" Shale.</li> <li>PRC-52 and PRC-53: Narrower intercepts in Combined Metals Bed and Pioche units with grades ranging 41.10 to 75.20 g/t Ag and associated base metals.</li> </ul> These modern results allow comparison with historical underground drilling and support validation of the historical database of 129 holes for resource modeling. Derek Iwanaka, CEO of Prince Silver, commented in the release, "PRC-59 and PRC-60 have delivered two of our most substantial broad polymetallic intersections to date. It is especially exciting to find shallow intervals of this scale near historical workings: they show that meaningful mineralization remains around the old mine. We are also repeatedly encountering mineralization in the Lyndon Limestone, Pioche Shale, and Combined Metals Bed. PRC-60 offers a close comparison with historical underground drilling, while the pending twin-hole assays will help test the historical database. Together, these modern results are sharpening our geological model and building confidence in the technical foundation for a maiden mineral resource estimate." Prince Silver Corp. is advancing the past-producing Prince Silver Project in the Pioche Mining District, Lincoln County, Nevada, a carbonate replacement deposit system with silver, gold, manganese, zinc, and lead. The company also holds the Stampede Gap porphyry copper-gold-molybdenum project. <h2 style="text-align: center;">Industrial Demand Provides Support for Silver</h2> Silver has pulled back from its early 2026 highs, but the metal remains significantly above year-ago levels. As of October 7, 2026, <a href="https://fortune.com/article/current-price-of-silver-10-7-2026" target="_blank" data-start="577" data-end="654" rel="noopener">Fortune</a> reported silver at approximately US$60 per ounce, down from US$61.19 the previous day and roughly 9% below its level one month earlier. Despite the recent correction, silver was still more than 25% above its price a year earlier, reflecting the metal's strong performance over the longer term. The recent volatility has reflected many of the same macroeconomic forces affecting gold, including movements in the U.S. dollar, Treasury yields, and expectations for Federal Reserve policy. On September 24, 2026, the <a href="https://www.cmegroup.com/videos/2026/09/24/silver-futures-drop-as-strong-pmi-data-boosts-the-dollar-9-24-2.hideRightRail.hideHeader.hideSubnav.hideFooter.hideAddThisExt.html" target="_blank" data-start="1201" data-end="1391" rel="noopener">CME Group</a> reported that silver futures fell approximately 3.4% over two sessions after stronger-than-expected economic data boosted the dollar and reinforced expectations for restrictive monetary policy. At the same time, an extension of the U.S.-China trade truce helped provide a floor for silver by reducing near-term concerns about manufacturing disruptions and supporting the outlook for industrial demand. <blockquote class="callOut left" dir="auto" data-start="988" data-end="1831">Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on the company, writing that the company "finally reported good drilling results."</blockquote> Silver's fundamentals remain tied to both investment demand and industrial consumption. <a href="https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit" target="_blank" data-start="1925" data-end="2093" rel="noopener">The Silver Institute</a> expects the global silver market to remain in deficit for a sixth consecutive year in 2026, with a projected shortfall of approximately 67 Moz. The institute forecasts total supply to increase 1.5% to 1.05 billion ounces, while mine production is expected to rise 1% to 820 Moz. Physical investment is forecast to increase 20% to 227 Moz, potentially offsetting declines in industrial, jewelry, and silverware demand. Industrial demand presents a more mixed picture. The Silver Institute expects silver industrial fabrication to decline 2% in 2026 to approximately 650 Moz, partly because manufacturers in the photovoltaic sector are reducing their use of silver or substituting other materials as prices rise. However, demand from data centers, artificial intelligence-related technologies, and automotive applications is expected to provide support. The institute's World Silver Survey 2026 also noted that these newer industrial applications could help offset some of the longer-term erosion in demand from photovoltaics. <h2 style="text-align: center;">Chen Lin Calls Out "Conservative" Results</h2> On October 6, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on the company, writing that the company "finally reported good drilling results. Drill holes PRC-59 and PRC-60 intersected 47.24 meters at 68.17 g/t Ag (119.13 g/t AgEq) and 36.58 meters at 86.30 g/t Ag (146.27 g/t AgEq), respectively, within the Lyndon Limestone near historical mine workings." He continued, "These are near the surface and wider than the previously drilled hole PRC-45. Note they are not including manganese until it is proven recoverable, on the conservative side." <h2 style="text-align: center;">Catalysts Remain in 2026</h2> The company's <a href="https://princesilvercorp.com/investors/presentation/" target="_blank" rel="noopener">September 2026 corporate presentation</a> identifies additional assay results from the ongoing drill program as a near-term catalyst, with infill, step-out, and depth drilling intended to expand the mineralized footprint. The company is also advancing metallurgical test work, which has been underway since 2025, while its largest planned milestone is a maiden NI 43-101 MRE targeted for early 2027, combining new drilling with historical data. The company has now completed more than 10,000 meters of drilling, and its latest results include two of its widest silver intersections to date, providing additional near-term potential for drill result news flow ahead of the resource estimate. [OWNERSHIP_CHART-11491] <h2 style="text-align: center;">Ownership & Share Information1</h2> Prince Silver Corp. has a market cap of CA$24.21 million, with 59.04 million shares outstanding. The company's 52-week range is CA$0.33-CA$0.85. Management & Insiders own 4.90% of shares. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What are the standout drill intercepts from the October 6 release? A: PRC-59 (47.24 m at 68.17 g/t Ag / 119.13 g/t AgEq) and PRC-60 (36.58 m at 86.30 g/t Ag / 146.27 g/t AgEq) are the widest to date, with additional high-grade hits like 1.52 m at 1,215 g/t Ag in PRC-54. Q: How does this drilling advance the resource timeline? A: The new assays and geological observations help validate historical data and refine the model for a maiden NI 43-101 mineral resource estimate targeted for early 2027. Q: Are there comparisons to historical drilling? A: PRC-60 intersections are near historical underground holes on the 835 level, allowing direct comparison of continuity and grades for resource modeling. <div class="flex max-w-full flex-col gap-4 [&>div:has([data-free-thinking-preview-answer=true])+:is(.text-message,.relative:has(>.text-message))]:-mt-2 grow"> <div class="TzNmiG_container gap-4 [&>div:has([data-free-thinking-preview-answer=true])+:is(.text-message,.relative:has(>.text-message))]:-mt-2" data-streaming-response-group=""> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="96d170b7-f9e5-4936-a151-10fa247225b4" data-markdown-talvt-message-id="96d170b7-f9e5-4936-a151-10fa247225b4" data-message-model-slug="gpt-5-6-mini" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root LR5Y_W_content markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling"> Q: What is a carbonate replacement deposit (CRD)? A: A carbonate replacement deposit is a type of mineral deposit in which hydrothermal fluids replace carbonate rocks, such as limestone, with minerals containing metals, including silver, lead, zinc, gold, and manganese. CRDs can develop across multiple mineralized horizons, as seen at the Prince Silver Project. Q: What is silver equivalent (AgEq)? A: Silver equivalent, or AgEq, is a standardized measure that converts the value of multiple metals in a mineralized interval into an equivalent amount of silver. At the Prince Silver Project, the reported AgEq calculation incorporates silver, gold, lead, and zinc based on assumed metal prices and recoveries; manganese is excluded. Q: What is an RC drill hole in mineral exploration? A: A reverse circulation (RC) drill hole is a type of exploration drilling that uses compressed air to bring rock chips to the surface through an inner drill tube. RC drilling can provide relatively rapid and cost-effective information about the grade, thickness, and distribution of mineralization. Q: What is a maiden NI 43-101 Mineral Resource Estimate? A: A maiden NI 43-101 Mineral Resource Estimate (MRE) is a company's first formal estimate of the quantity and grade of mineral resources at a project, prepared in accordance with Canada's NI 43-101 disclosure standards. Prince Silver is targeting a maiden MRE for the Prince Silver Project. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32756"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32756" width="0" height="0"> ( Companies Mentioned: PRNC:CSE; PRNCF: OTCQX; T130:FSE, ) Wed, 07 Oct 2026 00:00:00 PST Eloro Resources Hits 87 Meters of Silver and Tin at Iska Iska https://www.streetwisereports.com/article/2026/10/13/eloro-resources-hits-87-meters-of-silver-and-tin-at-iska-iska.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/eloro-resources-hits-87-meters-of-silver-and-tin-at-iska-iska.html?utm_medium=feed">Streetwise Reports 10/12/2026</a> Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) began its expansion drilling at Bolivia's Iska Iska project with 87.1 meters of silver and tin, plus a higher-grade zone nearer surface. Find out why one analyst calls the results "exceptional."<div> <div tabindex="-1" role="article" aria-setsize="135" aria-posinset="134" aria-label="Message 134 of 135"> <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Hole DSB-96 returned 87.1 meters grading 73.26 g/t silver and 0.18% tin, and nearer surface, 17.9 meters grading 190.5 g/t silver and 0.45% tin.</li> <li>DSB-94 added silver and tin on the western side of the potential starter pit, and DSB-95 returned gold, silver, zinc, and lead on the eastern side.</li> <li>The three holes open an initial phase of about 10,000 meters in about 30 holes that the CEO says is on track to finish by year-end, part of a 40,000-meter program that will continue into 2027.</li> <li>The drilling aims to expand and upgrade an indicated resource of 85.17 million tonnes grading 40 g/t silver ahead of a planned PEA.</li> <li>Cantor Fitzgerald maintained a Speculative Buy rating and CA$5.00 target, calling the DSB-96 results "exceptional," and saying it expects a resource update and PEA in 2027.</li> <li>The silver market is headed for a sixth straight annual deficit, and tin is up 47.6% from a year earlier.</li> </ul> </div> </div> <div> <div tabindex="0" role="article" aria-setsize="135" aria-posinset="135" aria-label="Message 135 of 135"> <h2 dir="ltr" style="text-align: center;">First Expansion Holes Hit Higher-Grade Silver and Tin Near Surface</h2> <a href="https://www.streetwisereports.com/pub/co/440?utm_medium=feed" target="_blank" rel="noopener">Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE)</a> reported assays from the first three holes of its expansion drilling program at the Iska Iska project in southern Bolivia, led by 87.1 meters grading 73.26 grams per tonne (g/t) silver and 0.18% tin in hole DSB-96, <a href="https://elororesources.com/news-and-media/news/eloro-resources-intersects-87.10-metres-grading-73-317818/" target="_blank" rel="noopener">according to an October 7 release</a>. The interval began at 40.4 meters, within a broader 126.1 meters grading 54.92 g/t silver, the company said. Nearer surface, the hole cut 17.9 meters grading 190.50 g/t silver and 0.45% tin, within 48 meters grading 83.28 g/t silver and 0.3% tin. DSB-96 was drilled 70 meters south of hole DSB-61 in the central Polymetallic Domain. The program aims to expand and upgrade the indicated resource ahead of a planned preliminary economic assessment (PEA). "These higher-grade polymetallic intercepts indicate a consistent mineralization trend in the central part of the Potential Starter Pit," Chief Executive Officer Tom Larsen said. <h2 dir="ltr" style="text-align: center;">Silver, Tin, Gold, and Zinc Across Both Sides of the Starter Pit</h2> DSB-94, collared 78 meters northwest of discovery hole DSB-87 in the Silver-Tin Domain on the western side of the potential starter pit, returned 42 meters grading 38.98 g/t silver within 79.50 meters grading 30.83 g/t silver. Deeper, it cut 7.50 meters grading 71.96 g/t silver and 43.50 meters grading 0.16% tin. DSB-95, drilled 91 meters northwest of hole DHK-31 in the Gold-Silver-Zinc-Lead Epithermal Domain on the eastern side, returned 6 meters grading 1.15 g/t gold, 42.50 g/t silver, 8.07% zinc, and 1.23% lead. It also cut 3 meters grading 48.50 g/t silver, 11.37% zinc, and 2.30% lead. True width is about 80% of core length, the company said. The three holes total 1,459 meters of an initial phase of about 10,000 meters in about 30 holes on a 50-meter grid. Larsen said the phase is on track to finish by year-end. DSB-96 will resume after a roughly 45-day suspension, the company attributed to technical and logistical issues. "These higher-grade mineralized zones remain open in all directions and at depth," said Dr. Osvaldo Arce, executive vice president of exploration and operations for Latin America. <h2 style="text-align: center;">A Mostly Inferred Silver Resource and a 40,000-Meter Push to Upgrade It</h2> Iska Iska is a silver-tin polymetallic project 48 kilometers north of Tupiza in Bolivia's Potosí Department. Eloro holds a 99% joint venture interest and a 100% economic participation interest through its Bolivian subsidiary, Minera Tupiza S.R.L. An <a href="https://www.newsfilecorp.com/release/293755" target="_blank" rel="noopener">April 22 resource estimate</a> by Micon International Ltd. put the indicated resource at 85.17 million tonnes grading 40 g/t silver, or 109.53 million ounces. The inferred resource was 945.43 million tonnes grading 8.5 g/t silver, or 248.6 million ounces. <blockquote class="callOut left" dir="ltr">Cantor maintained its Speculative Buy rating and CA$5.00 target price.</blockquote> Since September 4, 2024, Eloro has completed 27 holes totaling 14,085.80 meters in the potential starter pit area, including DSB-93, which returned 72 meters grading 294.81 g/t silver and 0.44% lead. In July, after road blockades in Bolivia were resolved, the company launched a 40,000-meter program of about 75 holes in two stages that will continue into 2027, <a href="https://www.streetwisereports.com/article/2026/07/08/eloro-resources-launches-major-iska-iska-drill-program.html?utm_medium=feed" target="_blank" rel="noopener">Streetwise Reports previously reported.</a> <a href="https://www.streetwisereports.com/article/2026/09/18/explorer-targeting-silver-tin-in-bolivia-expands-reach-in-asian-markets.html?utm_medium=feed" target="_blank" rel="noopener">On September 17</a>, Eloro announced plans to establish a Hong Kong subsidiary, Eloro Resources (Asia) Ltd., as a base for investor relations, capital-markets engagement, and other strategic activities in Asia-Pacific. </div> </div> <h2 dir="ltr" style="text-align: center;">Silver Dips on a Stronger Dollar While Its Deficit Widens and Tin Climbs</h2> Silver fell to around US$59 per ounce on October 7, its lowest level since early August, as a stronger U.S. dollar weighed on prices ahead of the release of the Federal Reserve's September meeting minutes, <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics reported</a>. December futures had opened at US$61.78, up 30.3% from a year earlier and down 7.1% from a month ago, according to <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-wednesday-october-7-2026-a-stronger-open-gives-way-to-lower-prices-this-morning-111641317.html" target="_blank" rel="noopener">Yahoo!Finance's Tim Manni</a>. The silver market is headed for a sixth straight annual deficit, expected to widen to 46.3 million ounces in 2026 from 40.3 million ounces in 2025, <a href="https://mexicobusiness.news/mining/news/silver-heads-sixth-deficit-year-liquidity-risk-persists" target="_blank" rel="noopener">Mexico Business News reported</a>, citing the World Silver Survey 2026 produced by Metals Focus for the Silver Institute. That would bring the cumulative deficit since 2021 to about 760 million ounces, drawn from above-ground stocks. Mine production is expected to remain flat this year. Tin traded at US$54,314 per tonne on October 5, up 47.6% from a year earlier, according to <a href="https://tradingeconomics.com/commodity/tin" target="_blank" rel="noopener">Trading Economics</a>. The firm has cited that demand comes from AI infrastructure and semiconductor production, and tighter export licensing in Indonesia. <h2 dir="ltr" style="text-align: center;">Analyst Sees 'Exceptional' Results and a Funded Path to a 2027 PEA</h2> Cantor Fitzgerald analyst Matthew O'Keefe called the news positive in an October 7 research note and described the DSB-96 intercepts as "exceptional results for Iska Iska." He added that DSB-94 "was also good." O'Keefe wrote that Eloro is "well-funded" to keep advancing the project with more drilling and metallurgical work, with the aim of delivering a resource update and PEA in 2027 focused on a higher-grade, silver-rich starter pit area. The company is budgeted and financed for the full 40,000-meter program, he wrote. Cantor listed Eloro's cash at CA$21.8 million with no debt. Cantor maintained its Speculative Buy rating and CA$5.00 target price, which implied a 209% return from the CA$1.62 share price at the time of the report. The firm values Eloro by applying US$1.50 per ounce of silver equivalent to the Indicated resource and US$1.00 per ounce of equivalent to the Ag Dominant domain of the Inferred resource. [OWNERSHIP_CHART-440] In a July 9 update, Sphene Capital's Peter Thilo Hasler maintained a Buy rating and a CA$18.00 target and wrote that because the drilling feeds the PEA, successful holes could directly affect the future mine plan. <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 17% of Eloro Resources Ltd. is owned by insiders, approximately 32% by institutions, and around 2% by strategic investors. The remainder is held by retail investors. Its market cap is approximately CA$192.04 million, with 118.54 million shares outstanding. It trades in a 52-week range of CA$1.15 to CA$3.42. <h2 style="text-align: center;">Common Questions from Investors</h2> What were the key results from the first three expansion holes at Iska Iska? DSB-96 returned 87.1 meters grading 73.26 g/t silver and 0.18% tin, plus 17.90 meters grading 190.50 g/t silver and 0.45% tin nearer surface. DSB-94 returned 42 meters grading 38.98 g/t silver, and DSB-95 returned 6 meters grading 1.15 g/t gold, 42.50 g/t silver, 8.07% zinc, and 1.23% lead. How does this drilling support the PEA? The program aims to expand and upgrade the indicated resource ahead of the planned preliminary economic assessment. Cantor Fitzgerald expects a resource update and the PEA in 2027. Where is Iska Iska, and how large is the resource? The project is 48 kilometers north of Tupiza in Bolivia's Potosí Department. An April 22 estimate put the indicated resource at 85.17 million tonnes grading 40 g/t silver, or 109.53 million ounces, and the inferred resource at 945.43 million tonnes grading 8.5 g/t silver, or 248.60 million ounces. What is the status of the drilling program? The first three holes total 1,459 meters of an initial phase of about 10,000 meters in about 30 holes, which the CEO says is on track to finish by year-end. DSB-96 will resume after a roughly 45-day suspension. The full 40,000-meter program will continue into 2027, the company said. What do analysts say? Cantor Fitzgerald's Matthew O'Keefe maintained a Speculative Buy rating and CA$5.00 target and called the DSB-96 results "exceptional results for Iska Iska." Sphene Capital's Peter Thilo Hasler maintained a Buy rating and CA$18.00 target in a July 9 update. What is happening in the silver and tin markets? Silver fell to around US$59 per ounce on October 7, but the market is headed for a sixth straight annual deficit, bringing the cumulative shortfall since 2021 to about 760 million ounces, according to the World Silver Survey 2026. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Eloro Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eloro Resources Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32755"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32755" width="0" height="0"> ( Companies Mentioned: ELO:TSX; ELRRF:OTCQX; P2QM:FSE, ) Mon, 12 Oct 2026 00:00:00 PST