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. Newfoundland Gold Discovery Keeps Growing With 91.1 g/t Hit and Expanding High-Grade Zones https://www.streetwisereports.com/article/2026/05/27/newfoundland-gold-discovery-keeps-growing-with-91-1-g-t-hit-and-expanding-high-grade-zones.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/newfoundland-gold-discovery-keeps-growing-with-91-1-g-t-hit-and-expanding-high-grade-zones.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Pirate Gold Corp. (YARR.TSX.V) reported additional high-grade drill results from multiple zones at its Treasure Island Project, including 21.4 g/t gold over 2.20 meters and continued expansion of the Rib Vein and Regional Discovery zones.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:87290297-af6a-40eb-8b25-2daf840c5691-0" 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:87290297-af6a-40eb-8b25-2daf840c5691-0" data-turn-id-container="request-WEB:87290297-af6a-40eb-8b25-2daf840c5691-0" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="3fc3ad7b-d60a-4a15-be19-8cd20f1d5ed6" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Pirate Gold Corp. (YARR.TSX.V) announced <a href="https://www.pirategold.ca/news/pirate-gold-expands-moosehead-discovery-with-214gt-au-over-220m" target="_blank" rel="noopener">expansionary drill results from the Moosehead Zone at its Treasure Island Project in Central Newfoundland, where the company reported new high-grade gold intercepts from the Rib Vein Structure, the Regional Discovery Zone, and the Moosehead Eastern and Western Trends.</a> The Treasure Island Project covers more than 90 kilometers of strike along the Valentine Lake Fault Zone. The company stated that expansionary drilling at the Rib Vein discovery has now tested the structure along 150 meters of strike length and 90 meters of vertical depth. The Rib Vein Structure was first announced on April 13, 2026, when hole PGC-26-028 returned 65.1 g/t Au (Gold) over 3.25 meters. Pirate Gold reported that the vein has since been tested with sixteen holes and returned additional high-grade intervals, including 6.97 g/t Au over 5.35 meters, including 69.1 g/t Au over 0.45 meters in hole PGC-26-033, 6.65 g/t Au over 2.95 meters, including 29.4 g/t Au over 0.45 meters in hole PGC-26-034, and 21.0 g/t Au over 1.0 meter in hole PGC-26-040. At the Regional Discovery Zone, located 500 meters southwest of the Moosehead main zones, the company said follow-up drilling expanded the mineralized footprint to 200 meters of strike length and vertical depths of 80 meters. Pirate Gold reported that hole PGC-26-041 returned 3.36 g/t Au over 3.60 meters, including 5.74 g/t Au over 1.60 meters, while hole PGC-26-049 returned 0.74 g/t Au over 15.80 meters, including 1.27 g/t Au over 7.00 meters. The company previously announced on February 27, 2026, that hole PGC-25-006 intersected six mineralized intervals above 1 g/t Au within a 75-meter corridor, including 1.14 g/t Au over 8.10 meters. Pirate Gold also reported continued expansion of mineralization at the Moosehead Western Trend. Hole PGC-26-051A intersected 21.4 g/t Au over 2.20 meters, including 91.1 g/t Au over 0.50 meters, at a vertical depth of 140 meters. The company stated that follow-up drilling is ongoing to further expand the zone at depth. <a href="https://www.pirategold.ca/news/pirate-gold-expands-moosehead-discovery-with-214gt-au-over-220m" target="_blank" rel="noopener">Greg Matheson, VP Exploration, stated in the company news release, </a>"We continue to add mineralization at a persistent pace across new discoveries at Moosehead. The Rib Vein has now grown to a scale and consistency of grade that warrants further exploration for additional linkages between the Eastern and Western trend faults." Matheson added, "The regional zone southwest of Moosehead continues to demonstrate the scale potential to contribute to the broader mineralized footprint and is now delivering high grades, while deeper drilling at the Western Trend confirms the fault network can continue to host high-grade mineralization at depth." The company also announced that Episode 11 of Pirate Gold Treasure Hunters is now airing and features drilling activity and exploration work across the Moosehead Zone. <h2 style="text-align: center;" data-section-id="j34sgc" data-start="0" data-end="71">Inflation and Commodity Trends Continued Supporting Interest in Gold</h2> <a href="https://vongreyerz.gold/haycock-piepenburg-three-big-warnings-one-golden-solution?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz-9WvCPNq5gXjWs8F_D5y0wivOezYy07uexK6HOUFmFG-tIrTqYpMgDXILwjq6GY9d_1UxIL6JoBycryTmbP1xJNT_O-eJXgxC41pDG2K92XjfTyJtw&_hsmi=136520583&utm_content=136520583&utm_source=hs_email" target="_blank" rel="noopener">During the May 23 edition of Gold Matters hosted by Jonny Haycock, </a>participants discussed inflation, bond yields, commodities, and hard assets. Kirrol Sakalof stated, "We're going to have big inflation and bond yields are going to rise significantly. As a result, capital will migrate from the US$300 trillion in fixed income securities and other debt around the world into hard assets, which is the best place to preserve value." Matt stated during the discussion that "currency debasement is a massive tailwind for secular rising gold," while adding that gold's rise reflected "the tanking trust in broke nations and their failing monetary systems." He also stated that "the bond, the stock, and the hard asset commodity markets are screaming signals of inflation." <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">Reuters reported on May 24 that spot gold increased 1.2% to US$4,561.51 per ounce,</a> while U.S. gold futures for June delivery rose 0.9% to US$4,563.60. According to Reuters, expectations surrounding a possible peace agreement involving Iran contributed to declines in oil prices and the U.S. dollar, which supported gold prices. "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception," UBS analyst Giovanni Staunovo said in the Reuters report. Staunovo also stated that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." Reuters reported that gold prices had declined about 14% since the Iran conflict began in late February, as higher energy prices increased inflation concerns and expectations for higher U.S. interest rates. The report stated that traders were pricing in a 40% probability of a 25-basis-point U.S. Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">The following day, Reuters reported that spot gold rose 1.1% to US$4,559.07 per ounce while U.S. gold futures gained 0.8% to US$4,559.80. </a>Reuters stated that optimism tied to possible U.S.-Iran negotiations weakened the U.S. dollar and pressured oil prices lower, easing inflation expectations. "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz," Tim Waterer, chief market analyst at KCM Trade, said in the Reuters report. Waterer added that the development had "weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." Reuters also reported that the U.S. dollar traded near one-week lows during the session, making dollar-denominated bullion less expensive for holders of other currencies. The report stated that oil prices fell to two-week lows. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a16d181-66b4-83ea-9949-9ef2c8449878-2" 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-6a16d181-66b4-83ea-9949-9ef2c8449878-2" data-turn-id-container="request-6a16d181-66b4-83ea-9949-9ef2c8449878-2" data-testid="conversation-turn-20" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="9009b618-386b-43e1-828c-76d4bf62d754" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_052626.html" target="_blank" rel="noopener">According to Stewart Thomson in his May 26 newsletter</a>, gold continued to consolidate following a longer-term advance against fiat currencies, while inflation concerns, elevated debt levels, and broader market conditions remained key themes for precious metals investors. Thomson stated that gold should be viewed as a currency rather than a speculative asset and noted that investor focus should remain on accumulating physical gold over time. He also referenced subdued sentiment in gold and mining equities, stating that periods when the BPGDM sentiment index trades below 50 have historically aligned with larger buying opportunities. Thomson further noted that technical indicators on the GDX chart showed positive divergence and wrote that "the lull could be the calm before the rally time storm!" </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="1u1nqm9" data-start="0" data-end="57">High-Grade Results Draw Positive Reaction From Analyst</h2> According to Bob Moriarty of 321gold.com on April 15, several companies have recently reported strong drill results, including Pirate Gold Corp. Moriarty highlighted the company's reported intercept of 65.1 g/t gold, noting that the result exceeded 211 grams-meters. He described the intercept as "a home run hole." "Those are wonderful numbers," Moriarty told Streetwise Reports. "Two-ounce gold is pretty rare, much less over a nice mining width." [OWNERSHIP_CHART-11576] <h2 style="text-align: center;" data-section-id="c11t9t" data-start="2871" data-end="2910">Exploration and Development Activity</h2> <a href="https://cdn.prod.website-files.com/6920283785aa8babbd183c55/69de671f1cf334e0f7209eb4_aba32f2de93e0bf49875123d5841f42c_Pirate%20Gold%20Corporate%20Presentation%20Q1%20%284%29.pdf" target="_blank" rel="noopener">According to the company's Q1 2026 corporate presentation,</a> Pirate Gold's Treasure Island Project now covers 92 kilometers along the Valentine Lake Fault Zone and includes more than 78,600 hectares of mineral rights. The company stated that Moosehead is an advanced, high-grade gold zone with more than 650 drill holes completed to date. The corporate presentation stated that the company is conducting a fully funded 50,000-meter drilling program throughout 2026 at Moosehead and Crippleback. At Moosehead, Pirate Gold stated that additional drilling is targeting expansion of known mineralized zones along strike and at depth, as well as more than a dozen geophysically identified structures with similar orientation to the Moosehead main structure. The company also stated that previous drilling at the 511 Zone and Stony Lake Zone identified broad areas of gold mineralization. At Crippleback, the company stated that newly identified orogenic secondary fault structures crosscutting the intrusive suite have shown to be gold-bearing, while a large alteration zone identified during 2024 drilling was associated with copper, gold, and molybdenum mineralization. Pirate Gold also stated that the Crippleback area covers more than 35 kilometers of strike length along a similar geological setting to the Valentine Lake Mine. The company's Q1 2026 presentation also outlined several milestones completed between September 2025 and May 2026, including the launch of a 50,000-meter drill program, expansion of claims along the Valentine Lake Fault Zone, commencement of drilling at Crippleback, and the completion of airborne magnetic and electromagnetic programs. Pirate Gold also reported that a US$26 million financing led by Eric Sprott closed with full over-allotment. <h2 style="text-align: center;">Ownership & Share Information1</h2> Pirate Gold Corp. has a market cap of CA$108.93 million, with 506.63 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.39. Institutions own 1% of shares, while Strategic Investors own 25%. Management & Insiders own 8% of shares, and the remaining 66% of shares are held by Retail. <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> </section> </div> </div>Important Disclosures:<ol> <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=31284"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31284" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Wed, 27 May 2026 00:00:00 PST Mining Co. Lands High-Value Quebec Gold Partnership https://www.streetwisereports.com/article/2026/05/27/mining-co-lands-high-value-qubec-gold-partnership.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/mining-co-lands-high-value-qubec-gold-partnership.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) secures a binding gold and silver dor agreement with Ocean Partners, unlocking up to CA$9M for Montauban production.<a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a> announced on May 26, 2026, that it has entered into <a href="https://www.stockwatch.com/News/Item/Z-C!ESAU-3824364/C/ESAU" target="_blank" rel="noopener">a definitive gold and silver doré purchase agreement</a> with Ocean Partners UK Ltd — a renowned metals trading, technical advisory, and mine financing group serving the international mining and smelting industries. Highlights of the agreement include: <ul> <li>Definitive and binding gold and silver doré purchase agreement executed with Ocean Partners, a leading global metals trading and mining finance group.</li> <li>Ocean Partners to purchase 100% of doré production from the Montauban Project's tailings and crown pillar material.</li> <li>The Agreement provides ESGold with access to a working capital facility of up to C$9 million, available in two tranches: a first tranche of C$3 million and a second tranche of C$6 million, subject to satisfaction of applicable conditions precedent.</li> <li>ESGold retains strategic flexibility regarding timing and use of the Facility.</li> <li>Agreement further strengthens and de-risks ESGold's transition toward anticipated production.</li> </ul> The agreement establishes Ocean Partners as the producer of gold and silver doré produced from ESGold's Montauban project in Québec, providing ESGold a working capital of C$9 million in an initial tranche of CA$3 million and a secondary tranche of CA$6 million. The press release said, "Each drawn tranche is subject to a 1% arrangement fee and bears interest at three-month Term SOFR plus 7.00% per annum until repaid, with overdue amounts bearing interest at three-month Term SOFR plus 11.00% per annum. Principal and interest are repayable through deliveries of doré to Ocean Partners, by cash repayment, or a combination of both, with early repayment permitted subject to a 1% repayment fee." Ocean Partners will purchase 100% of the gold and silver doré produced from ESGold's Montauban Project derived from tailings and potential crown pillar material, with minimum delivery commitments totaling 50,000 ounces of gold and 1,000,000 ounces of silver. Pricing under the Agreement is based on prevailing LBMA or COMEX market prices, with Ocean Partners paying for 99.8% of contained gold and 99% of contained silver, subject to standard refining charges of US$0.80 per payable ounce of gold and US$0.50 per payable ounce of silver. Gordon Robb, ESGold's CEO, said in the release: "The agreement with Ocean Partners marks another major milestone in ESGold's evolution from development company to near-term producer. Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations. Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes. What is particularly exciting is the stage we are now entering as a company. While we continue advancing mill construction and infrastructure toward production, we are simultaneously conducting modern exploration and geological investigation at Montauban. We are systematically and methodically advancing both sides of the production and exploration story of ESGold at the same time." ESGold Corp. is a pre-production mining company focused on metals exploration across North and South America, with its flagship Montauban project located in Canada. <h2 style="text-align: center;">Gold Stays Steady Despite War</h2> As of the morning of May 26, <a href="https://economictimes.indiatimes.com/news/international/us/why-is-gold-price-down-today-check-latest-gold-rate-projections-for-june/articleshow/131329235.cms?from=mdr" target="_blank" rel="noopener">gold prices had fallen 0.7% to US$4,547.10 per ounce</a>, though gold futures for June remained unchanged at US$4.536.80. American strikes on Iranian territory are partially responsible for the slight decline of this safe-haven asset, pushing Brent crude oil prices higher and spiking inflation worries over U.S. interest rates. An end to the Iran-U.S. conflict would be welcome news for investors who have been watching the market bounce up and down for the first few months of 2026, but the market seems resilient. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Announcement "Significantly Strengthens" Company, Experts Say</h2> On May 26, 2026, <a href="https://mcusercontent.com/4bc421505c66d079778a0d0be/files/23d5f8f8-790c-354e-dbf9-1cae5b224785/20260526_Atrium_ESAU_Ocean_Partners.pdf" target="_blank" rel="noopener">Riley Venton and Ben Pirie of Atrium Research reiterated their "Buy" rating</a> and target price of CA$1.30 for ESGold. The pair referenced the agreement announcement, writing, "We view the Ocean Partners agreement as a positive step for ESGold as it moves toward first production at Montauban. The agreement secures a buyer for all gold and silver doré, while the optional working capital facility provides added nondilutive flexibility through construction, commissioning, and the initial production ramp-up." On the same day, <a href="https://thegoldadvisor.com/silver-advisor/newsletters/esgold-vizsla-silver/" target="_blank" rel="noopener">Peter Krauth and Ted Butler of The Gold Advisor weighed in</a>, arguing that ". . . the agreement significantly strengthens the company’s financial and operational position while construction, exploration, and development activities continue advancing in parallel at the Montauban Project." The pair went on to write: "With this purchase agreement, infrastructure advancing, drilling on the horizon, and geological understanding continuing to improve, the company is positioning itself for both exciting near-term production catalysts and significant long-term exploration potential across the broader Montauban Project." [OWNERSHIP_CHART-2969] <h2 style="text-align: center;">Next Steps Underway</h2> In <a href="https://www.stockwatch.com/News/Item/Z-C!ESAU-3824364/C/ESAU" target="_blank" rel="noopener">the release</a>, Robb spoke of the company's future plans, saying, "With the expanded ANT survey underway, drilling preparations advancing, production equipment continuing to arrive on site, and a comprehensive district-scale geological model continuing to evolve." The release listed the next steps as follows: <ul> <li>Field collection for the expanded 70 km² district-scale ambient noise tomography (ANT) survey has now been completed, with geophone pods removed and data analysis and interpretation now underway as part of the company's evolving 3D geological model.</li> <li>The company is anticipating receipt of drill permits in the near term, with systematic crown pillar definition drilling and targeted step out drilling expected to commence shortly thereafter to evaluate extensions of mineralization at depth and along strike. Any potential extraction of crown pillar material remains subject to technical evaluation, permitting, engineering review, and, where applicable, additional drilling and economic assessment.</li> <li>Deliveries of key mill circuit components and supporting infrastructure equipment are ongoing at the Montauban Project site.</li> <li>ESGold is integrating the expanded ANT dataset with historical drilling, prior ANT interpretations, and historical SOQUEM data to refine its district-scale geological model and guide future drilling and exploration targeting.</li> </ul> ESGold's <a href="https://esgold.com/wp-content/uploads/2026/03/ESGold-Corporate-Presentation-March-2026.pdf" target="_blank" rel="noopener">investor presentation</a> lists construction and commissioning updates and processing throughput results as near-term focuses. The company expects first gold production to take place in 2026, with step-out diamond drilling expected in the first half of the year. ESGold has exploration and expansion updates planned into 2027. The company's Montuban project is fully permitted and funded, and the mill building has been completed, setting up the company for near-term cash flow. <h2 style="text-align: center;">Ownership & Share Information1</h2> ESGold Corp. has a market cap of CA$69 million, with 91.44 million shares outstanding. The company's 52-week range is CA$0.19-CA$1.44. Institutions own 5% of shares, while Management & Insiders own 60%. The remaining 35% of shares are held by Retail. <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>ESGold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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=31282"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31282" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) Wed, 27 May 2026 00:00:00 PST Gold Co.'s Shareholders Approve Spin Out of Courageous Lake in Northwest Territories https://www.streetwisereports.com/article/2026/05/27/gold-co-s-shareholders-approve-spin-out-of-courageous-lake-in-northwest-territories.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/gold-co-s-shareholders-approve-spin-out-of-courageous-lake-in-northwest-territories.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announces that shareholders have approved spin out of the Courageous Lake Project. Find out why it may be a good time to invest in gold and gold companies.<a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT)</a> announced that shareholders have approved the spin out of the Courageous Lake Project in Northwest Territories as a new entity called Valor Gold Corp., <a href="https://www.seabridgegold.com/press-release/seabridge-gold-reports-on-results-of-special-meeting-of-shareholders" target="_blank" rel="noopener">according to a May 22 release</a>. 99.76% of the shares voted at the meeting were in favor of the transaction. Shareholders approved all proposed matters, including the special resolution for an arrangement under Section 192 of the Canada Business Corporations Act (CBCA) with Valor Gold, the release noted. This arrangement will see Seabridge transferring its entire interest in the Courageous Lake gold project in Northwest Territories, Canada, to Valor, which is expected to become a publicly listed company on the Toronto Stock Exchange (TSX). Seabridge shareholders are set to receive 100% of Valor's common shares distributed via a plan of arrangement under the CBCA, equating to approximately one Valor share for every 1.957 Seabridge shares held. The arrangement, detailed in Seabridge’s management information circular dated March 30, is contingent on approval from the British Columbia Supreme Court, with a hearing scheduled for May 27, the company said. If approved, the arrangement is expected to finalize on or about June 3. Shareholders gave overwhelming approval to both resolutions put before them. The first — a special resolution approving a plan of arrangement under which Seabridge and its shareholders will exchange into shares of Valor Gold Corp. — passed with 62,677,638 votes in favor (99.76%) against just 151,730 opposed (0.24%). As a special resolution, this required a two-thirds supermajority, and the result clears that threshold by a wide margin. The second item, an ordinary resolution approving Valor's proposed restricted share unit (RSU) and deferred share unit (DSU) plan also passed comfortably with 62,317,300 votes for (99.18%) and 512,069 against (0.82%). <h2 style="text-align: center;">What's Next</h2> Post-arrangement, Seabridge shares will be suspended from trading on the TSX and New York Stock Exchange at the close of trading on June 4, with new shares listed the following day. Valor shares are also anticipated to begin trading on the TSX on June 5, with its listing on the OTCQB Venture Market in the U.S. to be announced separately. For the exchange of shares, non-registered shareholders will have their shares automatically processed through CDS or DTC, while registered shareholders must actively exchange their old Seabridge shares for new ones and Valor shares using a letter of transmittal provided by Computershare Investor Services Inc., the depositary under the arrangement, the company said. This process involves submitting the old share certificates, a completed letter of transmittal, and any other required documents to receive the new shares. The arrangement details and procedures for shareholders are further outlined in the company’s management information circular and on Seabridge’s profile on <a href="https://www.sedarplus.ca/home/" target="_blank" rel="noopener">SEDAR+</a>. Seabridge Gold has been actively pursuing its corporate goals for 2026, which include securing a partner for its expansive KSM project after updating its mineral resources, <a href="https://www.streetwisereports.com/article/2026/05/14/co-with-breakthrough-bc-gold-project-reports-to-shareholders.html?utm_medium=feed" target="_blank" rel="noopener">a May 13 release noted</a>. In its shareholder report, Seabridge highlighted ongoing progress with its preferred partner for the KSM project, stating, "We continue to make material progress on a partnership at KSM with our preferred partner who is now participating with our technical team to advance the feasibility program and early works construction planning while we formalize our partnership agreement." A significant development for Seabridge is the <a href="https://www.streetwisereports.com/article/2026/05/01/bc-names-massive-ksm-gold-project-as-a-province-priority.html?utm_medium=feed" target="_blank" rel="noopener">designation of the KSM Project as a provincial priority project by the Province of British Columbia</a>. This status will provide dedicated provincial permitting coordination and support, which is expected to streamline and expedite the permitting process. The KSM Project, one of the largest undeveloped copper and gold projects globally, holds substantial reserves including 7.3 billion pounds of copper and 47.3 million ounces (Moz) of gold across 2.29 billion tonnes. <h2 style="text-align: center;">'The Long Game of Large-Scale Gold'</h2> <a href="https://www.streetwisereports.com/article/2026/04/29/how-do-analysts-see-this-gold-developer-with-a-major-golden-triangle-asset.html?utm_medium=feed" target="_blank" rel="noopener">A Simply Wall St. piece reviewed by Sasha Jovanovic on May 7 noted</a> that "to own Seabridge Gold, you need to believe in the long game of large-scale gold and copper discoveries eventually translating into real project development." "The key near term catalysts have been progress at KSM and Iskut, including the new Snip North resource and metallurgical work, alongside critical permitting steps for infrastructure like the Mitchell Treaty Tunnels," the report noted. "The Courageous Lake spin out into Valor Gold fits into this story by simplifying Seabridge into a more focused portfolio while giving shareholders separate exposure to a single project. It may not change the company's most important short-term catalysts, but it could subtly shift the risk mix toward permitting, financing and execution at KSM and Iskut." Mike Kozak from Cantor Fitzgerald reviewed Seabridge's strategic move to spin off Courageous Lake into Valor Gold on April 27. Seabridge has committed to financially supporting Valor Gold by investing CA$10 million. This investment includes purchasing 0.7 million shares of Valor at CA$7.29 each for CA$5.1 million and acquiring a 10% gold stream at a fixed price of US$4,000 per ounce for an additional CA$4.9 million. Kozak views this spinout positively for Seabridge, estimating Valor Gold's market capitalization at about CA$400 million based on the indicative financing price of CA$7.29 per share. He believes this strategy will "likely deliver immediate value to Seabridge shareholders," estimating a contribution of about CA$2.75 per Seabridge share from the Courageous Lake project, which had been overshadowed by Seabridge’s larger KSM project in British Columbia. Kozak continues to recommend buying Seabridge stock with a target price of CA$66 per share, suggesting a potential 119% return. He commended the strategic decision to spin out the Courageous Lake project, highlighting its expected positive impact on shareholder value. According to the updated 2024 Pre-Feasibility Study (PFS), the project is now envisioned as a smaller, less capital-intensive operation with an annual gold output of 201,000 ounces and an All-In Sustaining Cost (AISC) of US$999 per ounce over a 13-year lifespan. The revised plan includes a 7,500 tons per day processing plant with an initial capital cost of US$747 million. The project's economics forecast a post-tax Net Present Value (NPV) at a 5% discount rate of US$523 million and an Internal Rate of Return (IRR) of 21% at a gold price of US$1,850 per ounce. Furthermore, RBC Capital Markets, through Analyst Josh Wolfson, has rated the stock as Outperform with a price target of US$71 per share, and B. Riley Securities Analyst Nick Giles has given Seabridge a Buy rating with a target of CA$65, forecasting a 44% return at the time of his analysis. <h2 style="text-align: center;">The Catalyst: Gold Dip Could Be Big Opportunity</h2> In early U.S. trading on Wednesday, spot gold and silver prices experienced significant declines, influenced by a combination of lower oil prices, stronger global equities, and diminished demand for safe-haven assets, despite some support from decreased Treasury yields, according to <a href="https://www.kitco.com/news/article/2026-05-27/metals-drop-iran-deal-hopes-cut-oil-haven-bid-kitco-am-report" target="_blank" rel="noopener">according to a report by Kitco NewsWire on May 27</a>. At the time of reporting, spot gold had fallen by 1.35% to approximately US$4,446.70 an ounce, and spot silver had dropped 3.16% to around US$74.545. Thursday is expected to feature key economic data releases including April's personal income and spending, durable goods orders, the second estimate of first-quarter GDP, and new home sales data. Geopolitically, the Strait of Hormuz continues to play a critical role in influencing energy prices, inflation expectations, and the precious metals market, Kitco said. Despite recent military tensions, including U.S. strikes on Iranian boats and Iran's retaliatory actions against U.S. aircraft, the markets are currently more responsive to the optimism surrounding ongoing U.S.-Iran negotiations. These talks are anticipated to potentially lead to a peace agreement and the reopening of the strait, the article noted. This has contributed to a decrease in oil prices, with Brent crude trading near US$95 and WTI close to US$92, significantly below the highs of last week. This reduction in oil prices has eased inflation concerns and contributed to lower yield pressures. For gold, the prospect of a peaceful resolution and the reopening of the Strait of Hormuz are exerting a dual influence. While the reduced need for safe-haven assets negatively impacts gold prices, the lower oil prices and reduced rate pressures provide some support, Kitco said. [OWNERSHIP_CHART-700] Gold prices have been on a consistent upward trajectory for so long that even seasoned investors might have overlooked a significant recent drop, <a href="https://www.cbsnews.com/news/price-of-gold-down-19-percent-january-advantages-of-investing/" target="_blank" rel="noopener">wrote Matt Richardson for CBS News MoneyWatch on May 26</a>. The price per ounce has fallen nearly 20% from its January high, a decrease of about US$1,000 from earlier in 2026, the article said. Several factors have contributed to this decline, presenting a potentially fleeting opportunity for investors to purchase gold at a more accessible price point. It's crucial for both new investors and those looking to increase their holdings to seize this opportunity while it lasts, he said. "While multiple factors have contributed to that decline, the reality is that this opportunity to get invested at a more affordable price may not last very long," Richardson said. "So, it's important that investors who have yet to get started with the metal, as well as those who want to boost their holdings, take advantage while they still can." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders hold approximately 2% of the company, while institutions own about 60%. The remainder is held by retail investors. Friedberg Mercantile Group Ltd. holds 15.08%, Pan Atlantic Bank and Trust holds 9.92%, Kopernik Global Investors L.L.C. holds 6.81%. and Van Eck Associates Corp. holds 6.07%. There are around 107.62 million shares outstanding, with the company having a market cap of CA$4.68 billion and trading within a 52-week range of CA$16.50 to CA$54.29. <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 and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</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 Seabridge Gold 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. 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=31280"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31280" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE.MKT, ) Wed, 27 May 2026 00:00:00 PST Explorer Drills Best-Ever Hole at High-Grade Nevada Gold Project https://www.streetwisereports.com/article/2026/05/26/explorer-drills-best-ever-hole-at-high-grade-nevada-gold-project.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/explorer-drills-best-ever-hole-at-high-grade-nevada-gold-project.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) reveals new assay results, highlighting the "best ever drill hole into the Hercules Gold Project" in Nevada's Walker Lane. Read why one expert thinks the company potentially undervalued.<a href="https://www.streetwisereports.com/pub/co/209?utm_medium=feed" target="_blank" rel="noopener">StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB)</a> announced new assay results from its Spring 2026 drilling campaign, including what the company described as the "best ever drill hole into the Hercules Gold Project" in Nevada's Walker Lane, <a href="https://strikepointgold.com/strikepoint-drills-best-hole-to-date-at-hercules-gold-project-h26004-cuts-114-30m-grading-0-69-g-t-au-and-5-03-g-t-ag-including-9-14-m-of-2-95-g-t-au-with-16-18-g-t-ag-new-broad-zone-of-oxide-gold/" target="_blank" rel="noopener">according to a May 26 release</a>. These results are part of an effort to gather enough data for a maiden resource estimate (MRE) expected by the fourth quarter of 2026. The highlight of this batch is the record-setting drill hole H26004, which produced the project's highest grade-width results to date, with 114.30 meters grading 0.69 grams per tonne gold (g/t Au) and 5.03 g/t Ag (silver) starting from 135.64 meters downhole. The mineralization in this hole was primarily oxide with some remaining sulfides, indicating the potential for developing Hercules into an open pit heap leach mine, a common type in Nevada, the company noted. "We are very pleased with the drilling to date, including the best hole delivered in the history of the project," StrikePoint President and Chief Executive Officer Michael G. Allen said. "H26004 intersected mineralization at a grade above the upper bound of our Hercules Exploration Target." He continued, "The hole ended in mineralization and the zone remains open to the south. Based on drilling since StrikePoint took control of Hercules, we have outlined a broad, near-surface oxide gold zone at the south end of the Cliffs target, the kind of widths and grades that could potentially support the open-pit, heap-leach scenario contemplated for the project." According to the release, Hole H26004 also yielded broader intercepts of 9.14 meters at 2.95 g/t gold and 16.18 g/t silver; 7.62 meters at 1.02 g/t gold and 6.76 g/t silver; and another 9.14 meters at 1.23 g/t gold and 6.62 g/t silver. This hole is positioned to the west of Hole H260014, which itself intersected 60.96 meters of 0.21 g/t gold and 2.8 g/t silver, targeting the same mineralization lobe previously encountered in Hole H25005. The strategic placement of these three holes at the southern end of the Cliffs showing confirms that the mineralization is notably open to the south. However, drilling of H26004 was halted earlier than planned due to challenging drilling conditions, with the final sample from the hole showing 0.41 g/t gold and 6.4 g/t silver. <h2 style="text-align: center;">Expanding With New Como District</h2> StrikePoint Gold Inc. recently completed a drilling program consisting of 29 holes, spanning a total of 3,918 meters. The primary goal of this initiative was to collect sufficient data to support the creation of a maiden resource estimate, anticipated by the end of the fourth quarter of 2026. <a href="https://www.streetwisereports.com/article/2026/02/27/gold-explorer-launches-maiden-resource-program-in-nevada.html?utm_medium=feed" target="_blank" rel="noopener">The company had previously announced this drilling campaign earlier in the year</a>, following its acquisition of the Hercules project in August 2024 for CA$250,000. "At the launch of this drill program, we have the confidence of a strong, predictive geological model of controls on mineralization. With a relatively modest drill program we will have the data to complete our maiden resource estimate," said Allen at the outset of the drilling. He also highlighted the strategic growth of the project area, stating, "In addition, we've also recently consolidated the southern portion of the property, giving us control over the past producing Como District, allowing for further expansion of our exploration efforts among several promising high-priority targets." Following this phase, StrikePoint intends to update its drilling permits to encompass the newly incorporated Como District. This expansion involved the acquisition of 51 unpatented claims in the Como District, a region known for its historical production. Analysis of historical surface sampling in this district has shown high concentrations of gold and silver, with gold reaching up to 166.62 g/t and silver up to 109.72 g/t. Out of 623 historical surface samples collected from the Como District and the surrounding areas now under StrikePoint’s management, 93 samples revealed gold grades over 1 g/t, StrikePoint has said. <h2 style="text-align: center;">Analyst: The Market Hasn't Caught On</h2> 1John Newell of John Newell and Associates has identified StrikePoint Gold Inc. as a potentially undervalued entity within the gold exploration landscape of Nevada's Walker Lane. His analysis, <a href="https://www.streetwisereports.com/article/2025/08/11/a-forgotten-gold-project-reawakens-in-the-shadow-of-giants.html?utm_medium=feed" target="_blank" rel="noopener">featured in an August 11 article by Streetwise Reports</a>, highlights the company's strategic acquisition of the Hercules project for a price significantly lower than its previous sale price of US$25 million. Newell pointed out that the project, which is fully permitted for exploratory drilling, presents a substantial oxide gold system that StrikePoint is now advancing towards an MRE. Despite these promising developments, Newell observes that the market has not yet fully appreciated StrikePoint's value. "And the market hasn't caught on," he commented, hinting at future recognition with the word "Yet." He describes StrikePoint as having "a rare combination: deep-value optionality, a fully permitted oxide gold asset in one of the world's best mining jurisdictions, a proven technical and capital markets team, and a meaningful exploration target on a district-scale land package." Additionally, Newell praised the company's streamlined share structure and its active drilling operations, suggesting that these elements, along with anticipated forthcoming announcements, could catalyze a turnaround in the company's market standing. <h2 style="text-align: center;">The Catalyst: Gold Shows Minimal Response to Economic Headwinds</h2> The gold market is finding it difficult to gain new bullish momentum amid declining U.S. consumer confidence, which is being affected by rising inflation and increasing risks of a recession, <a href="https://www.kitco.com/news/article/2026-05-26/gold-prices-testing-support-4500-us-consumer-confidence-falls-slight-931" target="_blank" rel="noopener">according to Neils Christensen of Kitco News on May 26</a>. The Consumer Confidence Index fell slightly to 93.1 in May from 93.8 in April, as reported by the Conference Board on Tuesday. This decline was less severe than expected, with economists having predicted a drop to 91.9. Dana M. Peterson, chief economist at The Conference Board, commented on the situation, stating, "Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified. Consumer appraisals of current business conditions and the current labor market were moderately less positive compared to last month. This was somewhat offset by modest improvements in consumers' expectations for business conditions and the labor market six months from now. Meanwhile, income expectations eased in May, as those anticipating lower income rose." Despite these economic indicators, the gold market showed minimal response, with spot gold trading at US$4,509.10 an ounce, reflecting a decline of more than 1% on the day. The ongoing conflict in the Middle East continues to push oil prices higher, contributing to new inflation concerns that are influencing gold prices. Despite the prevailing economic challenges, Jeffrey Roach, chief economist at LPL Financial, told Christensen he remains optimistic about the potential for economic recovery by year-end, supported by a relatively stable labor market. "Given the current pricing pressures, we would have expected a more dramatic decline in confidence. However, consumers feel the employment situation will improve by the end of the year. Hence, discretionary spending on items such as travel should increase after the temporary hold on spending," he explained. Roach said he anticipates a temporary dip in GDP growth due to cautious consumer behavior but expects a rebound later in the year if geopolitical tensions ease. Since the onset of the joint U.S. and Israeli military operations in Iran in late February, gold prices have been influenced by geopolitical tensions. However, according to UBS analysts, the focus is shifting towards broader economic concerns, <a href="https://www.investing.com/news/commodities-news/heres-how-ubs-sees-recentlyslumping-gold-prices-evolving-in-the-medium-term-4708935" target="_blank" rel="noopener">noted Scott Kanowsky for Investing.com on May 26</a>. A significant rise in oil prices has heightened fears of energy-driven inflation, prompting expectations that central banks, including the Federal Reserve and the European Central Bank, might increase interest rates again, the analysts said. As interest rates rise, non-yielding assets like gold typically underperform because they do not produce interest. Additionally, government bond yields have seen a recent increase. Since bond yields and prices move inversely, this surge suggests a decrease in bond prices. UBS analysts Dominic Schnider and Wayne Gordon noted, "Against this backdrop, the inverse relationship between U.S. real yields and gold has reasserted itself over recent months." [OWNERSHIP_CHART-209] They pointed out that the correlation between rate-sensitive two-year Treasury yields and gold is currently negative, indicating that these assets are moving in opposite directions — a shift from earlier in 2026 when the correlation was slightly positive. The UBS analysts further explained, "In our view, markets are rediscovering the concept of opportunity cost, with gold’s non-yielding characteristics once again becoming a more important consideration as real rates remain elevated." They observed that earlier in the year, gold was increasingly seen as a hedge against liquidity and fiscal issues, but now investors are shifting their focus back to money market instruments. This shift underscores a renewed emphasis on the opportunity costs associated with holding gold in a higher interest rate environment. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Executive Chairman Shawn Khunkhun holds 0.19% of the company, President and CEO Allen holds 0.98%, Director Ian Richard Harris holds 0.04%, and Director Adrian Wallace Fleming holds 0.01%. Just over 1% is held by insiders and management, and Mining financier Eric Sprott owns about 5% through his company, 2176423 Ontario Ltd. The company has 62.39 million shares in circulation and a market capitalization of CA$10.59 million. It trades within a 52-week range of CA$0.08 to CA$0.34. <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>StrikePoint Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</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 StrikePoint Gold 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 John Newell article published on August 11, 2025 <ol> <li>For the quoted article (published on August 11, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</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=31279"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31279" width="0" height="0"> ( Companies Mentioned: SKP:TSX.V; STKXF:OTCQB, ) Wed, 27 May 2026 00:00:00 PST Canadian Mining Co. Secures Mexico Approval for Major Silver Acquisition https://www.streetwisereports.com/article/2026/05/26/canadian-mining-co-secures-mexico-approval-for-major-silver-acquisition.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/canadian-mining-co-secures-mexico-approval-for-major-silver-acquisition.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) received key approval for the Del Toro acquisition in Mexico, to add a future-producing silver asset to its portfolio.On May 22, 2026, <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> announced <a href="https://www.newsfilecorp.com/release/298661" target="_blank" rel="noopener">approval for the acquisition of the Del Toro Silver Mine</a> in the Chalchihuites District in Mexico from Mexico's antitrust agency, the Comisión Federal de Competencia Económica (COFECE). Del Toro is a fully permitted, past-producing underground silver-gold-lead mine with an on-site process plant that operated between 2013 and 2019. It features three underground centers, with a total of over 62.5 kilometers of development in place. The site includes a functional process circuit: three mills with a total capacity of 3,000 tonnes per day, sulphide and oxide flotation circuits, as and a new dry stack tailings storage facility. In the press release, Sierra Madre's CEO, Alex Langer, said, "Receiving COFECE approval is a key regulatory milestone and a strong validation of our strategy of building a multi-asset producing silver and gold portfolio in Mexico. With this clearance, we are well-positioned to finalize the acquisition and move forward with our plans to advance exploration ahead of a possible planned restart of Del Toro." When the acquisition is finalized, Sierra Madre will also hold the La Guitarra mine, where double throughputs are expected by mid-2027 upon the completion of a two-stage expansion. The Del Toro mine is currently expected to restart in mid-2027, with first production anticipated by mid-2028. Sierra Madre Gold and Silver Ltd. is a metals development, extraction, and exploration company currently focused on the Guitarra mine in the Temascaltepec mining district in Mexico. <h2 style="text-align: center;">Metals Feeling War Pressure</h2> As of the morning of May 26, <a href="https://economictimes.indiatimes.com/news/international/us/why-is-gold-price-down-today-check-latest-gold-rate-projections-for-june/articleshow/131329235.cms?from=mdr" target="_blank" rel="noopener">gold prices had fallen 0.7% to US$4,547.10 per ounce</a>, though gold futures for June remained unchanged at US$4.536.80. <a href="https://www.kitco.com/charts/silver" target="_blank" rel="noopener">Silver prices were down 1.76%</a> at US$76.18. American strikes on Iranian territory are partially responsible for the slight decline of these safe-haven assets, pushing Brent crude oil prices higher and spiking inflation worries over U.S. interest rates. An end to the Iran-U.S. conflict would be welcome news for investors who have been watching the market bounce up and down for the first few months of 2026, but the market seems resilient. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Butler Updates Outlook on Sierra Madre</h2> In a May 19, 2026, article for <a href="https://thegoldadvisor.com/silver-advisor/newsletters/sierra-madre-3/" target="_blank" rel="noopener">The Gold Advisor, senior analyst Ted Butler</a> said, "Sierra Madre may as well be swinging a baseball bat, as it's knocked it out of the park with its Q1 2026 financial results." While some investors may be wary of the company's rising cash costs, Butler assuaged their fears. "Admittedly, cash costs also rose to US$42.55 per AgEq ounce produced, up from US$33.63 in Q4 2025, reflecting ramp-up costs at Coloso and Nazareno and broader inflationary pressures. However, management notes that improved head grades are expected through the remainder of 2026 as higher-grade in-resource material is processed, with unit costs expected to fall in turn," he wrote. "I have recently upgraded to an overweight position in Sierra Madre, grounded in my belief that management will meaningfully scale up silver production in the coming months. Peter continues to hold a full weighting in the stock," said Butler. <a href="https://thegoldadvisor.com/silver-advisor/newsletters/sierra-madre-4/" target="_blank" rel="noopener">Butler updated his statement</a> on May 25, 2026, saying, "Ultimately, COFECE approval transforms Del Toro from a pending acquisition into a near-certain one, adding a second — future cash flowing — silver asset to Sierra Madre's portfolio." [OWNERSHIP_CHART-10135] <h2 style="text-align: center;">An Expansion Underway</h2> The first phase of the company's La Guitarra capacity expansion project is on schedule to be completed by the end of Q2 2026. As per the press release, "As announced on <a href="https://api.newsfilecorp.com/redirect/RYrXySOnBp" target="_blank" rel="noopener">September 8, 2025</a>, the company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase the nameplate capacity of the mill from 500 tonnes per day ("tpd") to a range of 750-800 tpd. The second phase is anticipated to be completed by Q3 2027, with the aim of increasing the capacity to a range of 1,200-1,500 tpd at Guitarra." Langer said, "We are also looking forward to closing the Del Toro mine acquisition and preparing for exploration in the East District of the La Guitarra Mine Complex, with over 30,000 meters of drilling planned to start in H2 2026." <h2 style="text-align: center;">Ownership & Share Information1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$440.73 million, with 196.75 million shares outstanding. The company's 52-week range is CA$0.58-CA$3.25. Institutions own 33.6% of shares, while Strategic Investors own 26.21%. Management & Founders own 24.3%, and the remaining 15.89% of shares are held by Retail. <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 and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 Sierra Madre Gold and Silver 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=31277"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31277" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Tue, 26 May 2026 00:00:00 PST Hidden Nevada Fault System Comes Into Focus Ahead of New Gold Drill Campaign https://www.streetwisereports.com/article/2026/05/26/hidden-nevada-fault-system-comes-into-focus-ahead-of-new-gold-drill-campaign.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/hidden-nevada-fault-system-comes-into-focus-ahead-of-new-gold-drill-campaign.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) reported new high-resolution seismic survey results at its Hot Springs Range Project in Nevada, identifying structural targets and refining drill planning at the Otis and Eden gold zones.<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> announced <a href="https://eminentgoldcorp.com/news-media/news-releases/eminent-announces-positive-results-from-seismic-survey-at-hot-springs-range-project-nevada/" target="_blank" rel="noopener">the completion and interpretation of a Deep Refraction Microtremor (ReMi) seismic survey across the Otis and Eden targets at its 100%-owned Hot Springs Range Project in Humboldt County, Nevada.</a> The company stated that the seismic survey used tighter geophone spacing than traditional oil and gas seismic surveys to provide higher-resolution imaging of geologic structures concealed beneath post-mineral cover. Eminent said the new images are being used to refine its understanding of subsurface structures associated with Carlin-type gold systems ahead of its next drill program, which is scheduled to begin in the coming weeks. <a href="https://eminentgoldcorp.com/news-media/news-releases/eminent-announces-positive-results-from-seismic-survey-at-hot-springs-range-project-nevada/" target="_blank" rel="noopener">President and CEO Dan McCoy stated in the announcement</a>, "This study represents another key building block in our targeting work at HSRP." He added that the company was completing processing of a newly acquired magnetic dataset and planned to integrate geophysical data with geochemical results and drilling information to optimize its 2026 Hot Springs Range Project drill program. At the Otis target, the company said a calibration line was run over existing drill holes to match seismic velocities with rock types observed in drill core. The survey also imaged structural features including the Paradise Fault and supported the interpreted position of the Little Humboldt Fault. Eminent stated that a previously reported intercept of 9.2 meters grading 3.2 g/t gold, announced January 6, 2026, is interpreted to be spatially associated with the Little Humboldt Fault structure. The company stated that the seismic results will allow it to design additional drill holes to test the Little Humboldt Fault as well as initial drilling of the Paradise, Otis and Hinkey faults and their intersections. Eminent said the planned Phase II reverse circulation drill program will focus on defining each structure with multiple intercepts along strike and at various depths. At the Eden target, Eminent stated that six seismic lines provided high-resolution imaging of structures and stratigraphy beneath post-mineral cover. According to the company, the data identified fault zones coinciding with mapped surface traces, surface geochemistry indicative of hydrothermal sulfides at depth previously reported February 24, 2021, and gravity features reported September 22, 2025. The company stated that the seismic information is expected to support drill targeting and planning for Phase I drilling at Eden, where it identified a 3-kilometer gold-in-soil anomaly. Eminent said drilling at Eden is expected to begin immediately following drilling at Otis. Vice President of Exploration Justin Milliard stated in the announcement, "The seismic survey provides a much clearer view of the subsurface in areas where traditional mapping cannot reach." He added that the results at Otis support the company's geological model and identified new structures for drill testing, while the Eden survey improved understanding of fault architecture and target prioritization. The company stated that the ReMi® seismic survey was conducted by Terēan® and provides high-resolution subsurface shear-wave velocity imaging. Eminent said the method uses ambient and active seismic noise recorded along geophone arrays to generate Rayleigh-wave dispersion curves that are inverted into 1D and 2D shear-wave velocity models. <h2 style="text-align: center;" data-section-id="pxau61" data-start="0" data-end="74">Gold Prices, Inflation Concerns, and Hard Asset Demand Remained in Focus</h2> <a href="https://www.usatoday.com/story/money/personalfinance/2026/05/22/gold-price-on-may-22-2026/90212583007/" target="_blank" rel="noopener">USA TODAY reported on May 22 that spot gold prices stood at US$4,519.85 per ounce as of 12:05 p.m. ET</a>. The publication stated that gold prices had risen 36.02% over the previous 12 months from US$3,322.99 per ounce one year earlier. According to USA TODAY, gold traded within a 52-week range of US$3,261.49 to US$5,477.79 and remained 38.58% above its 52-week low. The publication stated that gold prices were influenced by "inflation expectations, central bank policy, global economic conditions and investor demand," while noting that currency strength, including the U.S. dollar, and physical and industrial demand also affected daily pricing. <a href="https://www.youtube.com/watch?v=xXQTZfamOY4" target="_blank" rel="noopener">According to the May 23 edition of Gold Matters hosted by Jonny Haycock, the discussion around gold and silver focused on inflation, debt markets, commodities, and global financial conditions</a>. During the discussion, Kirrol Sakalof was quoted as saying, "We're going to have big inflation and bond yields are going to rise significantly. As a result, capital will migrate from the US$300 trillion in fixed income securities and other debt around the world into hard assets, which is the best place to preserve value." Matt stated during the discussion that "currency debasement is a massive tailwind for secular rising gold," while adding that gold's rise reflected "the tanking trust in broke nations and their failing monetary systems." He also stated that "the bond, the stock, and the hard asset commodity markets are screaming signals of inflation." Haycock stated that "the correlation between the prices of commodities and CPI is incredibly tight," adding that "the commodities chart has gone vertical." He further stated that commodities markets were signaling "big inflation coming." The May 23 discussion also referenced historical market concentration and asset performance. Haycock stated that when stock market valuation metrics previously reached similar levels, "the two best assets to own for the next decade" were "gold and silver." Nick Giambruno of The International Man wrote on May 25 that he viewed the conflict involving Iran as "a major tailwind for gold." He stated, "No matter what happens, I am confident the Iran war will be a major tailwind for gold," while discussing geopolitical tensions and financial implications for hard assets. <h2 style="text-align: center;" data-section-id="vu19ys" data-start="3504" data-end="3544">Nevada Exploration and Drill Planning</h2> <a href="https://eminentgoldcorp.com/site/assets/files/6386/investor_presentation_may_4_2026_compressed.pdf" target="_blank" rel="noopener">According to the company's investor presentation</a>, Eminent holds a 100% interest in 521 claims totaling more than 4,311 hectares at the Hot Springs Range Project in Nevada. The presentation stated that the company completed the terms of a previous option agreement in April 2025, securing a 100% interest in the property. The investor presentation stated that the Hot Springs Range Project is located on the Getchell Trend in Nevada and described the project as a Carlin-style system. The materials also noted that Eminent holds three 100%-owned Nevada projects, including the Hot Springs Range Project, the Celts Project, and the Gilbert South Project. According to the investor presentation, the Celts Project consists of 110 unpatented claims totaling 1,070 hectares located 42 kilometers west of Tonopah in Nevada's Walker Lane trend. The presentation stated that an additional 200,000 common shares are to be issued when the company initiates a drill program at the project. The investor presentation also outlined work at the Gilbert South Project, which consists of 67 unpatented mining claims covering 560 hectares located 13 kilometers northeast of Goldfield, Nevada. The presentation described Gilbert South as permitted and drill-ready and identified three target areas named Pretty Boy, Big Horn, and East Bound. [OWNERSHIP_CHART-11233] According to the investor presentation, historical drilling at Gilbert South targeted near-surface oxide mineralization while deeper high-grade feeder structures remain untested. The presentation stated that the property contains multiple epithermal vein corridors with strike lengths ranging from 1.5 kilometers to 2.5 kilometers and reported historical rock chip values ranging from 7.4 g/t gold to 143 g/t gold across the property. <div class="z-0 flex min-h-[46px] justify-start"> <h2 style="text-align: center;">Ownership and Share Structure1</h2> 8.76% of Eminent Gold is held by management and insiders. Of them, Michael Kosowan holds the most with 6.5%. Strategic Entities hold 19.3% with Kinross Gold holding 13.8% and Milliard Geological Consulting owning 9.59%. The rest is retail. Eminent Gold has 82.26 million outstanding shares, 34.59 million free float shares, and a market capitalization of CA$48.5 million. Its 52-week range is CA$0.28 to CA$0.87. <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>Important Disclosures:<ol> <li>Eminent Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 Eminent Gold.</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><a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener"></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=31275"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31275" width="0" height="0"> ( Companies Mentioned: EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE, ) Tue, 26 May 2026 00:00:00 PST Tungsten Miner Targets Massive High-Grade Discovery Near Historic Northwest Territories Mine https://www.streetwisereports.com/article/2026/05/26/tungsten-miner-targets-massive-high-grade-discovery-near-historic-northwest-territories-mine.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/tungsten-miner-targets-massive-high-grade-discovery-near-historic-northwest-territories-mine.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Rackla Metals Inc. (RAK:TSX.V) obtains an important permit for its Northwest Territories Lentung project. Find out why tungsten is such an important metal to the world right now.Rackla Metals Inc. (RAK:TSX.V) announced it has successfully secured a five-year Type A land-use permit from the Sahtu Land and Water Board for its Lentung project, paving the way for comprehensive exploration activities scheduled for the 2026 season, <a href="https://racklametals.com/rackla-receives-land-use-permit-for-the-2026-exploration-program-on-the-lentung-property/" target="_blank" rel="noopener">according to a May 21 release by the company</a>. The permit facilitates the establishment of a 49-person camp, a drill-based mineral exploration program, and the upkeep and utilization of existing trails and access routes at the site. Located in the Tombstone tungsten belt of the western Northwest Territories, approximately 60 kilometers north of the former Cantung tungsten mine, the Lentung project is now fully equipped and authorized for exploration. "We are grateful for the support and feedback we received throughout the permitting process from communities across the region, including the Dehcho First Nations and Sahtu Dene and Metis, to local organizations, regional regulators, and government," said Rackla Chief Executive Officer Simon Ridgway. "Since staking Lentung during the 2025 exploration season and acquiring the full historical database compiled by Union Carbide, we have been keen to return the drills to the property and revitalize this world-renowned belt with a new wave of tungsten exploration." He continued, "We view the Northwest Territories as a favorable jurisdiction, due to the clear and efficient permitting process that supports responsible mineral exploration, and we recognize the long-term economic opportunities exploration can bring to the region." Historically, the Lentung property, previously known as Lened, underwent extensive exploration by Union Carbide Exploration Corp. from 1977 to 1982. This exploration included 26,900 meters of diamond drilling, various geochemical and geophysical surveys, detailed geological mapping, trenching, and comprehensive metallurgical, engineering, economic, and environmental studies. In 1982, Union Carbide sought a mining permit through the Federal Environmental Assessment and Review Process (EARP) but retracted its application and ceased operations due to falling tungsten prices, as noted in a Rackla press release dated March 30, 2026. Since then, the site has seen no significant development. Rackla is a Canadian junior exploration company focused on mining rare earth, gold, and tungsten in the eastern Yukon and western Northwest Territories in Canada. <h2 style="text-align: center;">What's Next?</h2> For the upcoming 2026 season, Rackla said it plans an ambitious exploration program at Lentung. This includes setting up a new 49-person camp, conducting 4,000 meters of diamond drilling to twin 27 holes to verify and update the Union Carbide findings, and undertaking 6,000 meters of reverse circulation drilling to further delineate known tungsten occurrences. The drill cores from campaigns in the 70s and 80s remain on the property, allowing Rackla to quickly plan a recovery and resampling this summer. The company will also begin conducting archeological and environmental studies to supplement Union Carbide's historical studies. Additionally, the company intends to perform surface trenching to uncover shallow tungsten deposits, clear and repair 25 kilometers of existing roads and trails, and produce a National Instrument 43-101 resource calculation post-exploration. The field program is set to begin on May 26. The strategic proximity of the Lentung project to the historically significant Cantung mine, which operated intermittently until its closure in 2015, underscores the potential for revitalizing tungsten mining in this region amid favorable market conditions, the release noted. Rackla Metals said it is actively engaging with local communities and First Nations, including the Sahtu Dene First Nation and the Dehcho First Nations, to foster and maintain collaborative relationships. <h2 style="text-align: center;">Expert Expects Success For This Year's Exploration</h2> On March 31, 2026, Bob Moriarty from 321gold.com shared his insights with Streetwise Reports regarding the prospects of Rackla Metals. "While Rackla's 2025 couldn't determine the source of the widespread gold their surface exploration program discovered, they did raise CA$10 million while investors were hurling money at good juniors," Moriarty said. He continued, "Rackla has come up with a Plan B backup with a nearby tungsten property with known values. So, one way or another, I expect the 2026 program to be successful." <a href="https://mining.com.au/rackla-cashes-up-ahead-of-lentung-exploration/">According to a piece by Maddison Elliott for Mining.com.au on May 26</a>, <a href="https://racklametals.com/">Rackla Metals</a> "has raised CA$3.44 million in a non-brokered private placement to fund exploration at its portfolio of assets in the western Northwest Territories and Yukon." The piece continued, "Rackla says Lentung's supply of 'high-grade' tungsten could contribute to the re-establishment of tungsten mining in the region if Cantung restarts." <h2 style="text-align: center;">Metal Important to Many Industries</h2> <a href="https://www.marketplace.org/story/2026/05/21/why-is-tungsten-so-expensive-for-us-manufacturers" target="_blank" rel="noopener">According to a May 21 report by Justin Ho for Marketplace</a>, "Tungsten is a metal that's incredibly important to all kinds of industries — especially manufacturers that need to cut other kinds of metal. Most of the tungsten used in the U.S. comes from China, which controls roughly 80% of the world's supply." Trade tensions between the U.S. and China have significantly impacted the tungsten market, causing prices to skyrocket by 300% over the past year, as reported by the CRU Group, Ho wrote. The sharp increase in tungsten prices is attributed more to export controls than tariffs, highlighting the complexities of the global trade war and its effects on commodity markets. Tungsten's unique properties, particularly its high resistance to heat, make it invaluable in various industrial applications. Chris Blench, CEO of Mavericks Manufacturing Partners, emphasized the metal's critical role in manufacturing processes that involve high temperatures. "And so that makes it ideal for handling the temperatures required to melt other metals without it melting itself," Blench explained. He further noted that tungsten electrodes are essential in welding operations for the energy and defense sectors, stating, "All of our aircraft, missile systems, the nuclear power plants for submarines and aircraft carriers, they'll use a lot of this particular kind of a process, using tungsten." Tungsten prices have soared to unprecedented levels, driven by a combination of China's stringent export controls and a spike in military demand, which has significantly strained supplies, <a href="https://www.mining.com/web/tungsten-breaks-records-as-china-export-curbs-military-demand-boost-investment/" target="_blank" rel="noopener">a Reuters report published by Mining.com on April 29 noted</a>. Tungsten's exceptional properties, such as its ability to resist extreme heat and its hardness, make it indispensable in aerospace and defense applications, where components must endure high temperatures and severe conditions. The cost of ammonium paratungstate (APT), a key intermediate in tungsten production, has escalated sharply, reaching over US$3,000 per metric ton in Rotterdam, marking an increase of more than 200% since the beginning of the year. China, which holds a dominant position in the global tungsten market, has tightened its grip by implementing new export restrictions and reducing mining quotas in 2025. Furthermore, in December 2025, China announced that only 15 companies would be permitted to export tungsten during 2026–2027. [OWNERSHIP_CHART-5123] Outside of China, Almonty, a significant tungsten producer, initiated mining operations at its mine in South Korea in March, with plans for a Phase 2 expansion expected to be operational by 2027. Meanwhile, the United States, which currently lacks active commercial tungsten mines, is exploring several projects aimed at reducing reliance on Chinese tungsten, though no definite timeline has been set for these projects to begin production. According to Project Blue, the global tungsten market was estimated at about 129,000 metric tons in 2025. The defense sector, which currently accounts for approximately 12% of the market, is anticipated to expand its share to about 15% by 2027-2028 due to ongoing needs for stockpile replenishment. The automotive sector, which consumes 25%-30% of tungsten, remains the largest consumer for now. However, the rise of electric vehicles may reduce this demand. Cristina Belda, a senior analyst at Argus, noted that defense-sector demand is increasing by about 8% annually. If this trend continues, the defense sector could surpass the automotive industry as the primary consumer of tungsten by the mid-2030s. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Rackla Metals Inc. has a market cap of CA$24.93 million, with 166.45 million shares outstanding. The company has a 52-week range of CA$0.08-CA$1.00. Institutions hold 0.23% of shares, while Management & Insiders own 27.64%. The rest are in Retail. <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=31274"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31274" width="0" height="0"> ( Companies Mentioned: RAK:TSX.V, ) Tue, 26 May 2026 00:00:00 PST 'Warsh Trading' https://www.streetwisereports.com/article/2026/05/26/warsh-trading.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/warsh-trading.html?utm_medium=feed">Michael Ballanger 05/26/2026</a> Michael Ballanger of GMM Advisory Inc. analyzes gold's troubling short-term chart, where a 50-DMA crossing below the 100-DMA signals a possible bearish reversal ahead.There is a type of securities fraud that falls under the banner of "manipulation," known as "wash trading". Wash trading is a form of market manipulation where an investor simultaneously buys and sells the same financial asset to create artificial market activity. It works in a number of ways, either where one trader buys and sells from themselves using different accounts, or two cooperating parties buy and sell from each other back and forth. The goal is to have the asset change hands, but where the actual owner remains the same, while the transaction costs are the only real money lost by the manipulator. Why the perpetrators get involved in "wash trading" is to create the illusion of high liquidity and market interest, artificially driving an asset's price up or down, where such high activity tricks real investors into buying into a dead asset. In crypto, it is often used to farm "platform transaction rewards" (whatever that is). The markets most affected by it are the unregulated exchanges, which frequently suffer from automated wash trading bots and NFT's where the creators buy their own digital art to make it look highly valuable. It was outlawed as "strictly illegal" under regular stock exchanges, but still attempted historically. The Securities Exchange Act of 1934 established the SEC and created Section 9(a) to outlaw the creation of a "false or misleading appearance of active trading" via wash sales, which is legally classified as "fraud" because it was misleading the public market. This past week, the new Chairman of the Federal Reserve Board, Kevin Warsh, was sworn in during a White House ceremony that included Fed-basher President Donald Trump. The new Chairman is considered to be a monetary policy "hawk" who has repeatedly pledged to act independently, even as he criticized the central bank for what he called "mission creep" and its response to the pandemic inflation surge. However, commentaries throughout the twitterverse and all over the blogosphere would have us believe that somehow this new Chairman of the American central bank is going to usher in a new regime that is more clearly committed to Main Street, otherwise known to mean "Joe Sixpack", a somewhat derogatory descriptive of the "average American voter" often referred to by Hilary Clinton all-inclusively as "the deplorables". Mr. Warsh has already confessed to a desire for some changes at the Fed, including a focus on reshaping inflation metrics, streamlining communication, and shrinking the Fed's footprint in financial markets. The list of specific items includes: <ul> <li>Reducing the Fed Balance Sheet: Warsh has expressed a desire to aggressively reduce the Fed's massive balance sheet, aiming to shrink it down from over $6.7 trillion toward a baseline closer to $3 trillion.</li> </ul> <ul> <li>Limiting interventions: He believes the balance sheet should only be used during periods of severe economic crisis or market dysfunction, rather than as a routine tool to manipulate general financial conditions. He prefers to rely almost exclusively on the federal funds rate as the primary economic lever</li> </ul> <ul> <li>Using "AI" as a deflationary "supply-side" force: To balance President Trump's demands for rate cuts with the reality of stubborn inflation, Warsh has introduced a supply-side economic theory centered on technology. He views artificial intelligence as a massive, structural disinflationary force that will rapidly expand productivity and economic output. Under this view, he believes the Fed may eventually have room to cut interest rates aggressively because AI-driven efficiency gains will keep inflation naturally contained.</li> </ul> <ul> <li>Fed Culture: Warsh plans to narrow the central bank's focus back to its core dual mandate: "price stability" and "maximum full employment". He has publicly criticized the Fed's previous drift into social and political issues, asserting that the institution should not be involved in climate change initiatives or diversity, equity, and inclusion (DEI) policy tracking. Furthermore, he has firmly ruled out the creation or pursuit of a central bank digital currency (CBDC) as he most certainly should.</li> </ul> When I ran through the checklist of Warsh's new policy initiatives, it became obvious that there is actually nothing new to anything he has proposed. You see, to really understand the Federal Reserve, you have to go way back and understand how and why it was created. The whole concept of a "national bank" was fiercely opposed by the Founding Fathers of the United States, who considered banks "more dangerous than standing armies," as was written by Thomas Jefferson in his memoirs. Only the Panic of 1907 could finally persuade the lawmakers to spit in the eyes of the Founding Fathers. In mid-October 1907, speculators F. Augustus Heinze and Charles W. Morse attempted to corner the stock of the United Copper Company. ("Cornering" a stock means buying up enough shares of a company to gain control of its available supply, allowing the buyer to artificially dictate the market price.) The plan failed spectacularly, causing the stock to collapse and bankrupting the brokerage firms involved. Because Heinze and Morse held prominent positions at several New York banks, panicking depositors rushed to withdraw their money, fearing those banks were now insolvent. The panic quickly spread from traditional commercial banks to trust companies, which were highly vulnerable financial intermediaries that competed with banks but were less regulated, keeping cash reserves of only about 5% compared to the 25% required for national banks. When the Knickerbocker Trust Company—New York's third-largest trust—collapsed and closed its doors on October 22, it triggered a massive, systemic crisis of faith across the entire U.S. banking sector. Enter the venerable and legendary financier, J. Pierpont Morgan. With no central bank to step in, the powerful J. P. Morgan locked New York's top bankers in his private library, where he forced them to pool their money to bail out failing institutions and keep the New York Stock Exchange open. Only the brazen actions of Morgan and friends prevented a complete breakdown of the financial system, but the memories of the event were not lost upon either the bankers or the lawmakers because the specter of private citizens being forced to bail out the banking system was an admission of vulnerability of capitalism and the American Way. It was in 1910 that a group of bankers and lawmakers met at the Jekyll Island Club on Jekyll Island, Georgia, under the guise of a "duck hunting trip" that the structural framework for the Federal Reserve Bank was established. Directly triggered by the Panic of 1907, the group met to draft a comprehensive overhaul of the chaotic American banking framework. Over those ten days, they formulated the "Aldrich Plan." (Henry Aldrich was a U.S. Senator.) While Congress initially rejected the plan because it gave too much power to private banks, its core structural features served as the direct blueprint for the Federal Reserve Act of 1913, which created the modern U.S. central bank (the "Fed"). So, it was a panic orchestrated by financiers trying to corner a stock that led to the creation of what is today the Federal Reserve Board. The decision to meet on Jekyll Island had nothing to do with "the average American voter" ever. It was deemed necessary for the guaranteed survival of the U.S. banking system. Kevin Warsh is the new Chairman of an institution created for the expressed purpose of protecting the banks. It was not until the Federal Reserve Reform Act of 1977 did the Congress add the triple mandate" of "maximum full employment", "price stability", and "moderate long-term interest rates", with the latter two lumped together leaving only "price stability" and "maximum full employment" as the dual mandate. The notion of his appointment being anything vaguely resembling "regime change" verges on the absurd because history would prove that with a balance sheet at over US$6 trillion, up from US$800 billion in 2005, the outrageous money creation in reaction to the 2007-2008 GFC and the 2020 Covid pandemic is proof-positive that "price stability" was and is not a concern of the Fed. Ensuring that the bankers still received their bonuses in 2008 and 2021 were two occasions where the Fed looked after the banks well in advance of looking after Joe Sixpack. I will be on the lookout for anything that resembles the 2026 version of "Warsh Trading", where the Chairman of the Federal Reserve Board manipulates the minds of investors by creating the illusion of Fed activity in the areas of "price stability" and "maximum full employment" under the guise of looking after the "average American voter" when in fact the only concern being raised is for the continued profitability of the member banks, you know, the registered owners of the Federal Reserve. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652660943_1.png" alt="" width="624" height="374" /> That Mr. Warch entered his new position the very day that the University of Michigan Index of Consumer Sentiment was released, showing a record drop in all categories, is ironic. Here is poor Mr. Walsh trying to get the Fed to tone down "interventions" and reduce the size of its balance sheet, as many of the member banks he has sworn to protect that are actually choking on debt created by the Fed itself. When the Fed funds rate hit zero six years ago, a large number of financial institutions backed up the truck and loaded up on debt, selling carloads of bonds with artificially depressed coupons thanks largely to the Fed. Six years later, and that mountain–continent of debt has to be rolled over with the coupon now four full percentage points higher. I will be curious to see what happens when all those wonky commercial real estate loans start going south. Will Mr. Warsh be the champion of Joe Sixpack and start dumping the $1.98 trillion of mortgage-backed securities that they have been taking off the member banks since 2008? Will he let the big banks like JP Morgan and Goldman Sachs flounder under the weight of margin calls from their hedge fund clients? You all know where I stand on that. Kevin Warsh is "the new boss," and yes, he is exactly like "the old boss," and to coin a very misused and abused phrase, the more things change, the more they remain the same. <h2 style="text-align: center;">Gold</h2> In a BBC broadcast in 1939, the great British stateman, Sir Winston Churchill, was asked if he could make a forecast concerning Russia, and his reply was: "I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma." In 2026, a subscriber asked me to give her my best forecast for gold, and my only reply was, "I cannot forecast to you the action in gold. It is a riddle, wrapped in a mystery, inside an enigma." Truly, the gold market has me befuddled. One look at the longer-term chart of gold and you breathe a long and satisfied sigh of relief. The five-year chart for gold looks absolutely superb. It is undergoing a "healthy correction" (term used by bulls when they wish thy had sold at or near prior peak) with the trend line drawn of the October 2023 low still very much intact. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652661022_2.png" alt="" width="624" height="472" /> However, as much as we all stand up and pound our fists on the table avowing ‘til the death that "we all invest for the long-term", we all secretly dread corrections because they are stressful, irritating, and no fun. Along that line of reasoning, long-term investments are short-term investments made at the wrong price and at the wrong time. They metamorphose into long-term investments because we hate taking losses on deals that should be going up and refuse to listen to our screams in the bathroom at four in the morning. It is not the long-term chart that gives me grief; it is the short-term chart. They say that technical analysis is "reactive" rather than "predictive," and I find that criticism only partially correct because if I had a dollar for every "technical breakout" that proved to be a false signal, I would not be forced to write newsletters at my advancing stage of life. The chart shown on the next page is the six-month chart, and it is, to say the least, troublesome. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652661040_3.png" alt="" width="624" height="570" /> You will note on the chart posted above the red ellipse that marks the crossing of the 50-dma under the 100-dma, which is not considered a major technical event, but it does carry implications. When a 50-day moving average (50-DMA) crosses below the 100-day moving average (100-DMA), it signals a major shift toward an intermediate-to-long-term "bearish trend reversal". In technical analysis, moving averages track momentum over specific windows. When a shorter-term average falls below a longer-term one, it proves that recent downward price momentum is accelerating faster than the historical baseline. While there are certainly no guarantees of anything in the capital markets these days, the implications of this cross are as follows: <ul> <li>Loss of Intermediate Momentum: It confirms that the short-term buying pressure has officially exhausted, shifting control from the bulls to the bears.</li> <li>Resistance Level Flips: The price points where these averages intersect often transform from former psychological support floors into heavy overhead resistance.</li> <li>Precursor to a Death Cross: While not as severe as the classic Death Cross (50-DMA crossing below the 200-DMA), this event acts as an early warning system that a deeper, structural bear market may be forming.</li> </ul> In that last bullet point, the operative word is "may". <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> 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">here.</a> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31272"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31272" width="0" height="0"> Tue, 26 May 2026 00:00:00 PST A High-Grade Gold System Begins to Reawaken in James Bay https://www.streetwisereports.com/article/2026/05/22/a-high-grade-gold-system-begins-to-reawaken-in-james-bay.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/a-high-grade-gold-system-begins-to-reawaken-in-james-bay.html?utm_medium=feed">John Newell 05/22/2026</a> John Newell of John Newell & Associates says Lux Metals Corp.'s (LXM:TSXV; BBBMF:OTCMKTS) La Grande project hosts a high-grade James Bay gold system with major speculative upside.Every major bull market in the junior mining sector eventually rotates into overlooked exploration stories with real geological substance. Early in the cycle, investors typically crowd into producers and developers. Later, capital begins searching for discovery leverage, particularly companies with strong projects that spent years sitting dormant while the market ignored them. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655044_1.png" alt="" width="454" height="285" /> That may now be starting to happen with Lux Metals Corp (LXM:TSXV; BBBMF:OTCMKTS), formerly Huntsman Exploration. The company has quietly repositioned itself around the La Grande Gold Project in Quebec's James Bay region, a large district-scale land package hosting a historically drilled high-grade gold system with more than 52,000 meters of historical drilling and strong infrastructure. As the attached chart illustrates, Lux has also begun to emerge technically from a multi-year base, at the same time, the broader TSX Venture Exchange is showing signs of life again. <h2 style="text-align: center;">About the Company</h2> Lux Metals Corp. is a TSX Venture-listed exploration company focused on advancing high-quality Canadian gold assets. The company's flagship asset is the La Grande Gold Project located in the James Bay region of Quebec, complemented by the earlier-stage Lux Lake Project in Saskatchewan. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655155_2.png" alt="" width="475" height="369" /> The La Grande Project covers approximately 15,357 hectares across a 40-kilometer Archean greenstone belt and is strategically positioned along the contact between the La Grande and Opinaca geological subprovinces. The project benefits from strong infrastructure, including all-season road access via the Transtaiga Road, nearby hydroelectric power, and proximity to existing mining infrastructure, including Newmont Corp.'s (NEM:NYSE; NGT:TSX; NEM:ASX) Éléonore Mine. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655231_3.png" alt="" width="462" height="358" /> What makes La Grande particularly interesting is that this is not a grassroots exploration concept. Historical operators, including Virginia Gold Mines and later Osisko James Bay, completed extensive drilling programs that outlined a large shear-hosted gold system centered around Zone 32. Historical drilling defined mineralization over approximately 600 meters of strike length and to depths exceeding 350 meters, while remaining open in all directions. Some of the standout historical intercepts include: <ul> <li>83.8 meters grading 7.95 g/t gold</li> <li>38.5 meters grading 4.32 g/t gold</li> <li>36.0 meters grading 3.37 g/t gold</li> </ul> The NI 43-101 technical report notes that historical estimates completed between 1999 and 2011 collectively suggested between 3 and 5 million tonnes grading approximately 1.8–2.6 g/t gold with additional copper credits, representing roughly 280,000 to 320,000 ounces of gold. Importantly, the broader property remains underexplored. Significant undrilled trenches, gold anomalies, and parallel structures extend across the 40-kilometer greenstone belt package. Management is currently planning a 5,000-meter drill program designed to expand known mineralization at Zone 32, increase drill density toward a future resource estimate, and test additional parallel structures. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655310_4.png" alt="" width="466" height="340" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655434_5.png" alt="" width="486" height="370" /> <h2 style="text-align: center;">Why the Story May Matter More Today</h2> One aspect of the Lux story that stands out is how long this ground remained overshadowed by nearby discoveries and development projects in James Bay. History in the mining sector often shows that once a major discovery is made in a district, surrounding land packages initially receive very little attention. Investors and companies tend to focus almost entirely on the primary discovery while nearby structures and geological extensions remain underexplored for years. The Éléonore discovery itself followed a similar pattern. Virginia Gold Mines advanced the project for years before it eventually became one of the most important gold discoveries in Quebec and was later acquired by Goldcorp. Lux now controls a large land package located within the same broad geological architecture. The historical drilling, structural setting, and emerging technical pattern suggest the market may be beginning to revisit the significance of this overlooked ground. <h2 style="text-align: center;">Share Structure and Valuation</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655603_7.png" alt="" width="481" height="212" /> Lux Metals currently has a relatively tight share structure for a company controlling a large historical gold system in a major Canadian jurisdiction. The company recently launched a financing priced at CA$0.20 per share with a full warrant exercisable at CA$0.40. The financing is intended to support drilling, data verification, structural interpretation, and future exploration advancement at La Grande. At current valuation levels, Lux remains firmly in the underfollowed category relative to many better-known James Bay exploration stories. For speculative investors, this is often where some of the largest percentage moves historically originate, particularly when technical momentum and renewed exploration activity begin converging. <h2 style="text-align: center;">Technical Analysis: Point of Recognition</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655630_8.png" alt="" width="505" height="461" /> The updated chart on Lux Metals continues to show constructive technical behavior. After spending several years in a prolonged corrective and accumulation phase, the shares have now broken above a major horizontal resistance zone that capped prices throughout much of 2023 and 2024. The stock is currently retesting that breakout area from above; a pattern often associated with the early stages of a larger trend reversal. What stands out visually is the symmetry between the steep decline from 2021 into early 2023 and the current recovery pattern now unfolding. The annotation on the chart, "Same way down, same way up?", captures the fractal-like structure developing in the shares. Junior mining stocks frequently recover in a mirrored fashion once liquidity and speculative interest begin returning to the sector. Technically, Lux appears to be entering what I often describe as the Point of Recognition phase, where investors begin recognizing the transition from accumulation toward an emerging uptrend. The first upside target near CA$0.22 has already been met. Above that, the chart projects additional staged targets at: <ul> <li>Second Target: CA$0.40</li> <li>Third Target: CA$0.60</li> <li>Big Picture Target: CA$1.15</li> </ul> The larger CA$1.15 target would effectively represent a full retracement of the prior multi-year decline should the current structure continue unfolding. Volume trends also remain encouraging. Trading activity has steadily expanded during advances, while momentum indicators such as RSI and MACD continue improving without yet reaching extreme overbought conditions. The longer-term moving averages are beginning to flatten and turn upward, reinforcing the possibility that a major trend change may now be underway. <h2 style="text-align: center;">Conclusion: An Underfollowed James Bay Gold Story</h2> Lux Metals Corp. is still early in its rebuilding phase, but several important pieces are beginning to align. The company controls a large, historically drilled high-grade gold system in one of Canada's most important mining jurisdictions. It has infrastructure, historical drilling, a modern technical review, a planned drill program, and a chart that is beginning to attract attention again. In our view, Lux represents the type of overlooked junior exploration company that can perform exceptionally well during the early stages of a renewed CDNX and precious metals cycle. The combination of a modest valuation, improving technical structure, district-scale geology, and renewed exploration activity gives the shares meaningful speculative leverage to both gold prices and renewed investor interest in the junior exploration sector. Based on the combination of project quality, technical structure, and exploration upside, I continue to rank Lux Metals Corp. as a Speculative Buy at current levels. <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 Lux Metals Corp.</li> <li>John Newell: I, or members of my immediate household or family, own securities of: Lux Metals 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> 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31271"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31271" width="0" height="0"> ( Companies Mentioned: LXM:TSXV;BBBMF:OTCMKTS, ) Fri, 22 May 2026 00:00:00 PST Gold-Copper Discovery Expands Along Major PNG Mining Corridor With 9.92 g/t Re-Assay https://www.streetwisereports.com/article/2026/05/26/gold-copper-discovery-expands-along-major-png-mining-corridor-with-9-92-g-t-re-assay.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/gold-copper-discovery-expands-along-major-png-mining-corridor-with-9-92-g-t-re-assay.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> South Pacific Metals Corp. (SPMC:TSX) reported maiden drilling results from Ontenu NE in Papua New Guinea, including a peak re-assay of 9.92 g/t gold and 2.35% copper within a broader 92-meter mineralized interval.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" 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:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" data-turn-id-container="request-WEB:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="055cfd4a-cbab-45d0-9bd3-6d7b6d64d8a9" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> South Pacific Metals Corp. (SPMC:TSX) reported <a href="https://southpacificmetals.ca/south-pacific-metals-corp-drills-92-m-of-mineralisation-at-ontenu-ne-peak-intercepts-return-9-92-g-t-gold-and-2-35-copper/" target="_blank" rel="noopener">results from the first drill program at its Ontenu NE project in Papua New Guinea, with seven holes totaling 2,266 meters completed within the wider Osena Project area on the Kainantu Transfer Zone</a>. The company stated that assays have been received for six holes, while the seventh remains pending. Holes 8 and 9 are currently being drilled. According to the company, gold mineralization was confirmed in five of seven holes across the Onki and Jorkol zones. The company reported two high-grade intercepts, including hole ONED26-006 at the Onki Zone, which returned 2 meters grading 5.74 g/t gold, 1.49% copper, and 35 g/t silver, with a peak re-assay of 9.92 g/t gold and 2.35% copper. At the Jorkol Zone, hole ONED25-001 returned a 0.5-meter peak interval grading 3.16 g/t gold, 0.62% copper, and 96 g/t silver with 602 ppm bismuth. The company also reported broader lower-grade mineralized intervals, including 92 meters grading 0.34 g/t gold at Onki and 4.5 meters grading 0.77 g/t gold at Jorkol. South Pacific Metals stated that geological evidence at Onki included phreatic breccia overlying an intensely silicified horizon interpreted as a silica cap above a preserved hydrothermal system. Additional drilling results included 99 meters grading 0.23 g/t gold from 1 meter in hole ONED26-002 at Onki, including 11 meters grading 0.22% copper, 0.18 g/t gold, and 1.1 g/t silver from 42 meters. Hole ONED26-004 at Jorkol returned 8 meters grading 0.74 g/t gold and 8.5 g/t silver from 51 meters, along with 3 meters grading 1.03 g/t gold and 68 g/t silver from 43 meters. South Pacific Metals stated that the strongest bismuth signature in the program was identified within the 0.5-meter peak sample from ONED25-001, which returned 602 ppm bismuth. The company stated that elevated bismuth-tellurium values in the presence of gold are indicators of intrusion-related gold-vein mineralization. The company also reported that Ontenu Central is advancing in parallel, where a 2-kilometer zoned alteration footprint with a porphyry signature has been mapped, with a relatively shallow porphyry target defined beneath surface gold-copper anomalies. <a href="https://southpacificmetals.ca/south-pacific-metals-corp-drills-92-m-of-mineralisation-at-ontenu-ne-peak-intercepts-return-9-92-g-t-gold-and-2-35-copper/" target="_blank" rel="noopener">CEO Timo Jauristo stated in the news release,</a> "This maiden drill program has achieved many milestones. We targeted and have been drilling Ontenu NE to confirm our concept that we have signatures of Kora-Judd style mineralization on our ground, and the answer is yes." Jauristo also stated, "We have intersected mineralization in 5 of 7 holes; hit two high-grade Au-Cu intercepts within wider lower-grade halos; are developing a better understanding of the geology, structure, and mineralization in the area; and are compiling a geological model that will help guide future drilling towards more productive parts of the veins." The company announced the appointment of Octavio Garcia as Exploration Manager. According to South Pacific Metals, Garcia has 30 years of mineral exploration experience worldwide, including in Papua New Guinea, and has previously held roles with Mt Isa Mines, Barrick, and Xstrata. South Pacific Metals stated that all drill holes were logged on site by the company's geology team, with drill core shipped to Intertek Laboratory in Lae, Papua New Guinea, for analysis. The technical and scientific information in the release was reviewed and approved by Darren Holden, Ph.D., a Qualified Person under National Instrument 43-101. <h2 style="text-align: center;" data-section-id="1e0t77n" data-start="0" data-end="26">Gold and Copper Markets Draw Support From Lower Oil Prices, Supply Pressures, and Recycling Demand</h2> <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">According to a May 24 Reuters report</a>, gold prices rose more than 1% as lower oil prices and a weaker U.S. dollar supported bullion markets following optimism surrounding possible U.S.-Iran negotiations. Spot gold rose 1.2% to US$4,561.51 per ounce, while U.S. gold futures for June delivery gained 0.9% to US$4,563.60. Reuters reported that equities rallied while oil prices fell below US$100 a barrel and reached two-week lows. UBS analyst Giovanni Staunovo told Reuters that "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception." Staunovo also stated that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." Reuters further reported that gold had fallen about 14% since the Iran conflict began in late February, with elevated energy prices contributing to inflation concerns and expectations for higher U.S. interest rates. The report stated that traders were pricing in a 40% chance of a 25-basis-point Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">CNBC, also citing Reuters on May 25</a>, reported that spot gold rose 1.1% to US$4,559.07 per ounce, while U.S. gold futures gained 0.8% to US$4,559.80. The report stated that the weaker U.S. dollar made bullion more affordable for holders of other currencies, while declining oil prices softened inflation expectations. Tim Waterer, chief market analyst at KCM Trade, told Reuters that "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz." Waterer added that "That prospect has weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." <a href="https://www.marketscreener.com/news/the-crushed-pile-in-nevada-how-a-forgotten-1989-gold-heap-is-becoming-one-of-americaa-s-few-near-t-ce7f5adddb89f723" target="_blank" rel="noopener">Separately, MarketScreener published commentary on May 25 discussing activity in Nevada's gold and antimony sector</a>, including drilling results from historical heap leach material. The report stated that gold prices were "trading in the mid-US$4,000s" while describing renewed interest in projects containing both gold and critical minerals. According to the report, historical material from a Nevada heap leach operation returned multiple drill intervals containing antimony and gold mineralization, including 0.32% antimony and 0.39 grams per tonne gold over 14.9 meters, and 0.27% antimony and 0.41 grams per tonne gold over 18.0 meters. <a href="https://www.recyclingproductnews.com/article/44614/adapting-to-the-new-demands-of-copper-recycling" target="_blank" rel="noopener">According to a May 25 feature published by Recycling Product News,</a> rising demand tied to "data centers, electrification, grid upgrades, and the wiring behind almost every new build" had placed increased focus on copper supply chains and recycling capacity. The report stated that recyclers were facing "tighter specs, more documentation, faster turnaround expectations, and rising pressure to quantify recycling's environmental benefits." The publication reported that copper processors were increasingly operating with manufacturing-style precision as downstream customers tightened chemistry and quality requirements. Shine stated that modern supply chains required faster verification and more detailed material analysis, noting that "The only way that we could do it was bring [in] the lab equipment and be able to, in 10 minutes, know if the load passes chemistry or not." According to the report, recyclers and processors across the sector had been investing in "tighter internal quality systems" as copper demand increased and customers became more selective about specifications and documentation standards. The article also highlighted broader trends toward automation and advanced processing technologies within the copper recycling industry. Shine stated that recycling remained "a blue-collar, hardworking [industry], but it's starting to transition to be more technologically sensitive and focused." He added that "more automation, more analytics, and more process discipline" were becoming increasingly important as labor availability tightened and operational expectations increased. <h2 style="text-align: center;" data-section-id="1sr7ryy" data-start="0" data-end="31">Third-Party Highlights Ontenu Mineralization Intercept Along K92 Corridor</h2> In a May 21 commentary, Chen Lin of the What's Chen Buying? What's Chen Selling? Newsletter referenced South Pacific Metals Corp.'s Ontenu project drill results, stating that "SPMC.v hit 92 meters of mineralization at Ontenu, best intercept, 2 m @ 5.74 g/t Au, 1.49% Cu at the K92 Mining Inc. (KNT:TSX.V; KNTNF:OTCMKTS) corridor." <h2 style="text-align: center;" data-section-id="qu06up" data-start="3545" data-end="3592">Ongoing Drilling and Exploration Activities</h2> South Pacific Metals stated that drilling is continuing at Ontenu NE, with upcoming holes designed to test newly identified northwest-trending structures at the Onki Zone, drill deeper beneath the Onki silica cap, and step out along strike and at depth at Jorkol. [OWNERSHIP_CHART-10406] At Ontenu Central, the company stated that drilling is expected to commence shortly following detailed mapping activities. The company also reported that surface exploration is continuing at the Anga project area, located immediately northeast of K92. <a href="https://southpacificmetals.ca/wp-content/uploads/2026/02/One-pager-final-January-2026-V3.pdf" target="_blank" rel="noopener">According to company materials</a>, Ontenu forms part of the Osena package and borders southwest of K92, with drilling underway and 10 structural corridors identified from soil sampling and mapping. The company reported rock samples grading up to 21% copper, 13.9 g/t gold, and 645 g/t silver at Ontenu. Company materials also stated that Anga borders K92 to the northeast, where sampling and mapping are underway, with reported rocks grading up to 3.68 g/t gold and 0.27% copper, and stream sediment samples grading up to 282 g/t gold. South Pacific Metals' Kili Teke project contains a 2022 NI 43-101 resource estimate of 4.2 million ounces gold equivalent, according to company materials. The company stated that more than US$25 million has been invested in the project and that 36,000 meters of drilling have been completed. The company also reported plans for work during the first half of 2026 following the re-establishment of initial social license activities. The company's May River project, according to company materials, borders the Frieda River gold-copper project and has historical drilling results including 109 meters grading 1.53 g/t gold and 19 meters grading 11.9% copper and 2 g/t gold. <h2 style="text-align: center;">Ownership & Share Information1</h2> Institutions own 7.54% of shares, Management & Insiders own 21.22%, and the remaining 71.24% of shares are held by Retail. South Pacific Metals has a market cap of CA$30.42 million, with 69.14 million shares outstanding. The company's 52-week range is CA$0.36-CA$3.94. <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> </section> </div> </div>Important Disclosures:<ol> <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=31269"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31269" width="0" height="0"> ( Companies Mentioned: SPMC:TSX, ) Tue, 26 May 2026 00:00:00 PST US$2.9 Billion Federal Loan Approved for America's Only Antimony Reserve https://www.streetwisereports.com/article/2026/05/27/us-2-9-billion-federal-loan-approved-for-americas-only-antimony-reserve.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/us-2-9-billion-federal-loan-approved-for-americas-only-antimony-reserve.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) said the Export-Import Bank of the United States approved a US$2.9 billion loan package to support development of the Stibnite Gold Project in Idaho.<a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> announced <a href="https://www.investors.perpetuaresources.com/investors/news/export-import-bank-of-the-united-states-approves-loan-for-development-of-perpetua-resources-stibnite-gold-project" target="_blank" rel="noopener">that the Export-Import Bank of the United States unanimously approved a US$2.9 billion senior secured long-term loan under the Make More in America initiative to support development of the company's Stibnite Gold Project in Idaho</a>. According to the company, the approval followed technical, financial, environmental, and social due diligence, along with a 25-day notice period to Congress. The company stated that the Stibnite Gold Project is the only identified domestic reserve of antimony and that the financing supports EXIM priorities related to industrial manufacturing supply chains, domestic jobs, and critical mineral independence. "It is time to make more in America, and today marks not only a key milestone for Perpetua Resources, but a significant step in mineral security for our country," <a href="https://www.investors.perpetuaresources.com/investors/news/export-import-bank-of-the-united-states-approves-loan-for-development-of-perpetua-resources-stibnite-gold-project" target="_blank" rel="noopener">said Jon Cherry, president and chief executive officer of Perpetua Resources. </a>"The US$2.9 billion loan positions us to bring the Stibnite gold project to life and signals a new day in American mineral independence and responsible mining." The company stated that the financing package, together with Perpetua's cash on hand, is expected to fully finance the direct construction of the project based on current capital cost estimates contained in the company's technical report summary dated Dec. 31, 2025. The loan is expected to be structured as a 13-year senior secured credit facility consisting of an upfront facility of US$2.4 billion, with the remaining amount allocated toward capitalized interest during construction and EXIM's exposure fee. Scheduled repayments are anticipated to begin in 2030. Perpetua stated that the increase in the principal amount compared with the initial EXIM board review was primarily related to the addition of an option to move certain planned equipment financing from a third-party financing company into the EXIM loan. Interest on the loan is expected to be set at the applicable long-dated U.S. Treasury bond rate plus 100 basis points and fixed at the time of the first drawdown. The company stated that the loan will become available upon completion of definitive documentation and satisfaction of customary conditions precedent, which it expects to occur in the second half of 2026. According to the company, the Stibnite Gold Project is designed to redevelop and restore the abandoned Stibnite mining district while producing gold and antimony. Perpetua stated that the project would provide environmental cleanup of the historical site, establish a domestic source of antimony for commercial and defense manufacturing, and create an average of more than 700 direct jobs annually over the life of the mine. "Idaho's abundant critical and rare earth minerals are essential to reducing U.S. dependence on foreign suppliers," said U.S. Senator for Idaho James Risch. "This investment will help expand our domestic critical mineral supply, create high-quality jobs in rural America, and strengthen our national security." "This investment strengthens America's economic and national security by advancing a reliable domestic supply of critical minerals essential to our manufacturing and defence industries," said U.S. Senator for Idaho Mike Crapo. "There is no better place to deploy U.S. EXIM's US$2.9 billion investment than right here in the heart of Idaho," said Idaho Governor Brad Little. "The Stibnite gold project is exactly the kind of project America needs." Perpetua stated that the project has been identified as a transparency project under the FAST-41 program and has received support and partnership from the Department of War. The company also noted that the project has undergone scientific and public review processes. <h2 style="text-align: center;" data-start="3535" data-end="3840">Gold and Antimony Markets Draw Attention Amid Supply Concerns</h2> Gold prices moved higher in late May as easing oil prices and a weaker U.S. dollar influenced inflation expectations and interest rate sentiment. <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">According to a May 24 Reuters report by Noel John, spot gold rose 1.2% to US$4,561.51 an ounce while U.S. gold futures for June delivery gained 0.9% to US$4,563.60.</a> Reuters wrote that hopes surrounding a potential peace agreement involving Iran contributed to lower oil prices and a softer dollar, which supported gold prices. "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception," UBS analyst Giovanni Staunovo said in the Reuters report. Staunovo added that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." The Reuters report also stated that gold had declined approximately 14% since the Iran conflict began in late February, as higher energy prices contributed to inflation concerns and expectations for elevated U.S. interest rates. The report noted that traders were pricing in a 40% chance of a 25-basis-point U.S. Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">The following day, Reuters reported that spot gold rose 1.1% to US$4,559.07 per ounce while U.S. gold futures gained 0.8% to US$4,559.80. </a>According to the report, market optimism tied to possible U.S.-Iran negotiations weakened the dollar and pressured oil prices lower, which eased inflation expectations. "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz," Tim Waterer, chief market analyst at KCM Trade, said in the Reuters report. Waterer stated that the prospect had "weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." The Reuters report also noted that the U.S. dollar traded near one-week lows, making bullion priced in dollars more affordable for holders of other currencies. Oil prices reached two-week lows during the session, according to the report. Interest in antimony and gold projects also remained tied to U.S. critical minerals policy and domestic supply concerns. <a href="https://www.marketscreener.com/news/the-crushed-pile-in-nevada-how-a-forgotten-1989-gold-heap-is-becoming-one-of-americaa-s-few-near-t-ce7f5adddb89f723" target="_blank" rel="noopener">A May 25 commentary published through Globe Newswire stated that "There are no operating primary antimony mines in the United States. None."</a> The commentary also noted that China had implemented antimony export restrictions to the United States before partially suspending those measures in November 2025, with the suspension scheduled to expire on Nov. 27. The commentary stated that the U.S. Department of War had been "writing checks under the Defense Production Act to anyone who can credibly show they can produce military-grade antimony from American rock." It also described renewed attention on historical brownfield mining sites containing antimony and gold mineralization in Nevada. <h2 style="text-align: center;" data-start="0" data-end="66">Third-Party Observations Track EXIM Developments and Antimony Exposure</h2> In a May 12 equity research update, Ihle reiterated the earlier "Buy" rating and a "US$41.00" price target. Ihle wrote that "EXIM's board has placed Perpetua's proposed roughly US$2.7B senior secured loan on the agenda for its May 21, 2026, meeting." He added that "a favorable outcome should unlock a roughly US$2.2B direct loan that fully covers the capital laid out in the updated technical report when combined with Perpetua's cash and cash equivalents." Ihle stated that the company's board had "approved a budget of roughly US$328.0M for 1H26, consisting of US$224.0M for detailed engineering, design work, and procuring equipment and US$76.0M for field operations." He also wrote that "management expects to spend US$20.0M for permit compliance and various other costs." According to the May 12 report, Ihle wrote that "the loan should eventually happen regardless ... based on the necessity for a domestic antimony supply chain from Stibnite." He also stated that "we view this milestone as the largest catalyst over the intermediate term." The H.C. Wainwright report stated that "Our valuation for PPTA remains based on a DCF analysis of Perpetua's operations as we maintain a 10.0% discount rate on Stibnite." Ihle wrote that "Our overall DCF analysis yields a combined valuation of US$4.66B, or US$35.52 per share." The report further stated that "We ultimately calculate a value of US$5.37B, or US$40.88 per share, which provides our rounded PT of US$41." Separately, Brian Hicks wrote in an April 27 contributed opinion piece for Wealth Daily that "Perpetua is mining antimony in Idaho. Idaho has quickly become one of the hottest mineral mining districts on the planet." Hicks also described Perpetua Resources as "one of the most explosive rallies ever seen in the stock market." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a14b9e7-bd88-83ea-a595-85c78265e237-0" 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-6a14b9e7-bd88-83ea-a595-85c78265e237-0" data-turn-id-container="request-6a14b9e7-bd88-83ea-a595-85c78265e237-0" data-testid="conversation-turn-22" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="ec89aedd-d8da-48bb-889d-9ee8b601e54a" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> In a May 22 research flash from National Bank Financial Markets, analyst Rabi Nizami maintained an "Outperform" rating and a "CA$55.00" target price on Perpetua Resources Corp. Nizami wrote that "the Board of the Export-Import Bank of the United States (EXIM) has unanimously approved a US$2.9 billion senior secured long-term loan (US$2.4 billion upfront facility + capacity for capitalized interest) to finance the construction of the Stibnite Gold project in Idaho." Nizami stated that "Approval of the EXIM Loan is a positive derisking milestone" and wrote that the approved facility, "together with US$670 mln cash on hand, sets up for fully funded capex and a final construction decision later this year." The report also stated that the company had "assembled a capable in-house mine-building team and partnership with Hatch to advance construction through the four-year build." According to the National Bank Financial Markets report, "The Stibnite project is now fully funded against the YE2025 project capex estimate of US$2.58 bln, given the available capital of ~US$3.1 bln." Nizami also wrote that the financing structure included "a 13-year senior secured credit facility of US$2.9 billion, consisting of an upfront facility of US$2.4 billion with the remainder ~US$500 million to cover capitalized interest during construction and EXIM's exposure fee." The report stated that the proposed loan principal of "US$2.4 bln (US$2.9 bln capacity, including capitalized interest and fees)" exceeded the prior board proposal of "US$2.2 bln with US$2.7 bln capacity." Nizami added that "The next step for the project is a full construction decision, which is expected to follow the completion of final EXIM loan documents in H2/26 and resolution of remaining ancillary permits." National Bank Financial Markets maintained an "Outperform" rating and stated that the target price was based on "a 1.0x NAVPS multiple." On May 22, Cantor Fitzgerald analyst Mike Kozak reiterated a "Buy" rating and a "US$37/CA$49" target price on Perpetua Resources Corp. Kozak wrote that "the Export-Import Bank of the United States (EXIM) approved a US$2.9 BB senior secured long-term loan (credit facility) that will fully fund the development of PPTA's 100%-owned past-producing Stibnite open-pit gold-antimony mine (Idaho)." Kozak stated that the financing package was "approved under the Make More in America Initiative (MMIA)" and described the approval as "the single most important de-risking event in PPTA's history." He wrote that the process followed "years of Federal and State permitting, extensive due diligence work (environmental, social, technical, financial, etc.) and a 25-day notice period with U.S. Congress." According to the Cantor Fitzgerald report, the financing package "was upsized from US$2.7 BB previously" and consisted of "an upfront US$2.4 BB facility with the US$0.5 BB remainder to cover capitalized interest during the construction phase." Kozak added that "The Stibnite mine is permitted, currently in early-stage construction, and with the US$2.9 BB EXIM loan now approved, fully funded as well." Cantor Fitzgerald maintained its "Buy" rating and "US$37/CA$49/share price target." BMO Capital Markets wrote in a May 22 report that the Export-Import Bank of the United States had "unanimously approved a US$2.9Bn senior secured long-term loan under the Make More in America Initiative to support the development of Perpetua's Stibnite Gold Project." The report maintained an "Outperform" rating and a "CA$47.00" target price on Perpetua Resources. Analyst Brian Quast stated that "early works have begun, and we anticipate an FID in H2/26, in line with disclosures within the Q1/26 financials." The report also noted that "the loan will be available upon completion of definitive documentation and satisfaction of customary conditions precedent, which is expected to occur in H2/26." According to the BMO Capital Markets report, the financing package would be structured as "a 13-year senior secured credit facility of US$2.9Bn, consisting of an upfront facility of US$2.4Bn (previously US$2.2Bn) with the remainder to cover capitalized interest during construction and EXIM's exposure fee." Quast also wrote that "Scheduled repayments are anticipated to commence in 2030, which is in line with our previous assumptions." The report stated that "the EXIM financing package, combined with Perpetua's cash on hand, is expected to fully fund the direct construction of the Stibnite Gold Project." Quast added that "construction is fully financed with this EXIM loan, even with our conservative Capex estimates." BMO Capital Markets stated that its "CA$47.00 target price is based on a 100% weighting assigned to a 1.7x P/NPV multiple." The report also noted that "With permitting and financing in sight on a gold-antimony asset, we believe there is significant runway towards a higher valuation as PPTA optimizes, constructs, and operates the Stibnite Project in Idaho." [OWNERSHIP_CHART-10820] The report further stated that "Key catalysts for PPTA will largely relate to the development of the Stibnite project. Drilling results could also drive the stock price higher." </div> </div> </div> </div> </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div> <h2 style="text-align: center;" data-start="3842" data-end="3890">Project Development and Financing Milestones</h2> <a href="https://perpetuaresources.com/wp-content/uploads/Perpetua-Resources_Investor-Presentation_May-2026_FINAL.pdf" target="_blank" rel="noopener">Perpetua's May 2026 investor presentation outlined several project milestones and operational developments related to the Stibnite Gold Project. </a>The presentation stated that the company completed basic engineering work and a power contract in February 2025, followed by designation as a White House Priority Project in April 2025. The company stated that it received a preliminary project letter and an indicative term sheet from EXIM in September 2025 and also announced a request-for-proposals related to antimony offtake opportunities that same month. According to the presentation, Perpetua completed US$317 million in strategic equity investments and private placements involving Agnico Eagle and JPMorganChase, along with an additional US$527 million net equity financing between June and December 2025. The company also announced a partnership with Idaho National Laboratory on an antimony pilot plant in December 2025 and filed an updated technical report summary in March 2026. The investor presentation stated that the company received a final Record of Decision in January 2025 and a final federal permit in May 2025. Perpetua also stated that it posted construction-phase financial assurance and began early works construction in October 2025. In December 2025, the company selected Hatch as the EPCM contractor for the project. According to the presentation, Perpetua expects ongoing exploration activities related to gold and critical minerals during 2026, along with antimony offtake activities, a final investment decision, and closing of EXIM debt financing during 2026. The company's presentation also listed commercial operations targeted for 2029. <h2 style="text-align: center;">Ownership and Share Structure1</h2> The company has 124.86 million shares issued and outstanding. On an undiluted basis, Paulson & Co. owns 25.91%, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) owns 6.41%, and JPMorganChase holds 2.23%. About 45.73% is owned by institutions. The rest is held by retail. Its market cap is CA$5.2 billion. Its 52-week range is CA$13.85–CA$51.10 per share. <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>Perpetua Resources Corp is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Perpetua Resources Corp. and Agnico Eagle Mines 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" 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=31267"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31267" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) Wed, 27 May 2026 00:00:00 PST What Is an MRE, and How Can Its Outcome Shape the Future of a Junior Miner? https://www.streetwisereports.com/article/2026/05/22/what-is-an-mre-and-how-can-its-outcome-shape-the-future-of-a-junior-miner.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/what-is-an-mre-and-how-can-its-outcome-shape-the-future-of-a-junior-miner.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> What is an MRE? In the junior mining world, the acronym denotes an important step in a company's journey from an idea to a mine. One company hopes its upcoming upcoming MRE will turn into a second look at its stock.If you follow and invest in junior miners, many terms and acronyms are thrown around quite often, but few are as important to these budding companies as a maiden Mineral Resource Estimate, or MRE. These companies are often valued based on their geological potential rather than their current cash flows. A compliant maiden MRE serves as a crucial, independent verification suggesting that a discovery has the potential to eventually sustain a mining operation. "For exploration companies with little or no revenue, the market is often valuing geological potential rather than cash flow," <a href="https://miningir.com/resource-estimates-the-milestone-that-can-transform-a-junior-mining-company/" target="_blank" rel="noopener">noted Jamie Hyland in a piece for Mining IR on May 9</a>. "A compliant mineral resource estimate (MRE) is frequently the first independent confirmation that a discovery may eventually support a mine." But what exactly is an MRE? "Put simply a mineral resource estimate is an evaluation of a deposit's quantity, quality and economic potential," <a href="https://miningexplained.com/the-mineral-resource-estimate/" target="_blank" rel="noopener">according to Mining Explained on June 10, 2024</a>. "It is a regulated report prepared according to enforced standards laid out by the relevant securities regulator." The report continued, "And since no one wants the lawyers getting involved this means that a mineral resource estimate put out by a junior mining company tends to be something that investors can put some faith in. It tells the investor what has been found, the evaluation methodology and provides some clarity as to the potential value of the project. Properly preparing a resource estimate involves a lot of work and requires numerous areas of expertise." <h2 style="text-align: center;">Ensuring Transparency and Reliability</h2> MREs are crucial in the mining industry, primarily to ensure transparency and reliability in reporting mining-related information. This necessity became particularly apparent following the <a href="https://www.jdsupra.com/legalnews/the-bre-x-mining-scandal-part-1-a-7147074/" target="_blank" rel="noopener">infamous Bre-X scandal</a> in the 1990s. Bre-X Minerals Ltd., a part of the junior mining sector, falsely claimed to have discovered a substantial gold deposit in Indonesia, leading to a massive market frenzy. The deception, which involved tampered samples and fabricated data, eventually came to light, resulting in significant financial losses for investors and a dramatic narrative that included tragic events such as the death of a geologist. This scandal underscored the potential for fraud within the mining industry and led to significant regulatory changes, noted Mining Explained. In response to the Bre-X debacle, the Canadian Government instituted the "National Instrument 43-101" to regulate the disclosure of mining-related information. This regulation aims to prevent the dissemination of misleading, erroneous, or fraudulent data about mineral properties to investors on stock exchanges regulated by the Canadian Securities Administrators. The introduction of this regulation has helped position Canada as a leader in resource exploration, providing investors with confidence in the integrity of the Canadian mining sector and its regulatory framework, the article said. "The unique nature of each deposit will require subtle differences in its evaluation," Mining Explained noted. "A banded iron formation in Brazil is not going to have all the same challenges and considerations as a narrow vein gold deposit in Alaska." "Also, since unbiased results are essential, the MRE is not prepared by the exploration company itself but contracted out to consultants specializing in resource evaluation," the site continued. "When you see reference to the 'Qualified Person' listed on a resource estimate, that is who is certifying that they are suitably experienced in their area of expertise to take responsibility for the preparing and reviewing the resource estimate." <h2 style="text-align: center;">What Does the MRE Mean?</h2> <a href="https://www.ecofinagency.com/news-industry/2501-52246-learn-with-us-understanding-mineral-resource-estimates-in-five-steps" target="_blank" rel="noopener">According to report called "Learn with us: Understanding mineral resource estimates in five steps" published on Ecofin Agency on January 25</a>, the estimate "does not assess the economic viability of a project or its ability to enter production. It only reflects what is considered to be present in the ground, with varying levels of confidence depending on the density and quality of available data. This leads to a classification into three resource categories." In the classification of mineral resources, there are three distinct levels that reflect varying degrees of geological confidence, according to the report. "Inferred" resources are categorized as having the lowest level of confidence. This classification is used when geological indications and samples are present but are not sufficient to confirm the continuity of the mineral deposit and its grades, leading to a high degree of uncertainty. Moving up the scale, "Indicated" resources are based on more comprehensive data, which allows for the continuity of the deposit to be reasonably assumed. At the top of the confidence spectrum are "Measured" resources, which represent the highest level of certainty. This category is supported by detailed and reliable data that confirm both the geological and grade continuity of the mineral deposit. "The first estimate released by a mining company is known as a 'maiden resource,'" the article noted. "It represents a key milestone in a project's development, as it provides the first quantified view of the deposit or deposits. At this stage, data are usually limited, and resources are often classified in the lower confidence categories." However, "As the project advances through its life cycle, subsequent estimates refine or expand the initial assessment. Additional drilling and data collection help improve confidence levels and better define the scale and quality of the resource." <h2 style="text-align: center;">Interpreting the Results</h2> The significance of changes within these categories varies, as each represents a different level of geological confidence and data precision. Additionally, the quality of the ore is just as crucial as its quantity. For instance, two projects might report identical total volumes of resources, yet one could contain higher-grade ore compared to the other, which may have more diluted ore. Therefore, an increase in the volume of an estimate accompanied by a decrease in ore grade does not carry the same value as an improvement in both volume and grade. Another essential factor to consider in resource estimates is the "cut-off grade," which determines what portion of the mineralized material is economically viable to extract, the Ecofin article said. This threshold is set by the company and acts as a benchmark to distinguish between ore and waste. Material above this cut-off grade is included in the resource estimate, while material below is excluded as it is considered too low-grade for profitable extraction. Adjusting this cut-off grade can significantly impact the reported size of the resource, with stricter thresholds potentially reducing the size of the resource, and more lenient ones increasing it. For many juniors, maiden MREs are their first graduations in the process to becoming a mine or being acquired by a major with the means to take it to production. "The project then moves toward economic studies designed to quantify future operations," Ecofin said. "These studies assess required investment, expected production levels, potential revenues, and key constraints, including environmental impacts." <h2 style="text-align: center;">Some Recent 'Graduations'</h2> Snowline Gold Corp.'s (SGD:TSX.V; SNWGF:OTCQB) flagship Valley deposit on the Rogue Project in Yukon is <a href="https://finance.yahoo.com/news/snowline-gold-reflects-significant-progress-110000583.html" target="_blank" rel="noopener">probably the most striking recent example</a> of a junior making hay after releasing its first MRE. The company released its initial NI 43-101 MRE on June 17, 2024 — 4.05 million ounces gold (Moz Au) Indicated at 1.66 grams per tonne (g/t) and an additional 3.26 Moz Au Inferred at 1.25 g/t — just two and a half years after the initial drill discovery. <a href="https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-reflects-on-significant-progress-through-2024-and-looks-ahead-to-202-961918" target="_blank" rel="noopener">The maiden MRE triggered a major re-rating:</a> formal analyst coverage was initiated by four independent industry analysts, bringing total coverage to 10 analysts including four major banks at the time, alongside wider institutional ownership with several cornerstone funds taking large positions. An updated MRE in May 2025 then boosted Measured and Indicated ounces by 96% to 7.94 Moz, and analysts kept raising targets — <a href="https://www.cnbc.com/quotes/SGD-CA" target="_blank" rel="noopener">CIBC lifted its price target</a> to CA$27 from CA$22 in February 2026, with the stock <a href="https://www.theglobeandmail.com/investing/markets/markets-news/ACCESS%20Newswire/36360888/snowline-announces-graduation-to-the-toronto-stock-exchange/" target="_blank" rel="noopener">graduating from the TSXV to the main TSX board</a>. <a href="https://www.miningnewsnorth.com/story/2026/05/08/northern-neighbors/snowline-launches-largest-season-ever/9663.html" target="_blank" rel="noopener">According to a May 6 report by A.J. Roan for North of 60 Mining News</a>, Snowline has just commenced its most extensive field season yet at Rogue. The 2026 field program is set to progress the Valley deposit towards prefeasibility, initiate early permitting engagement, and continue exploration across the district. The Rogue project, spanning 111,000 hectares, is situated in the Selwyn Basin near the Yukon's eastern border with the Northwest Territories, within the Tombstone Gold Belt. This region is known for hosting significant reduced intrusion-related gold systems (RIRGS), including notable deposits like Eagle in Yukon and Fort Knox and Donlin in Alaska. Building on the economic groundwork of its resource estimates, Snowline initiated a fully funded prefeasibility study (PFS) in December, moving the Valley project further into the development stage. This study encompasses engineering, environmental, and geoscience programs, alongside ongoing exploration efforts. The PFS is expected to be completed by early 2027, Roan reported. Sitka Gold Corp.'s (SIG:TSXV; SITKF:OTCQB; 1RF:FSE) RC Gold Project in Yukon's Tombstone Gold Belt has been a <a href="https://www.stocktitan.net/news/SITKF/sitka-provides-review-of-2025-highlights-and-major-advancements-at-gdmk5bh0qrow.html" target="_blank" rel="noopener">multi-year resource-growth story</a>. The company announced a maiden MRE of 1.34 million inferred ounces of gold for the Blackjack and Eiger deposits in January 2023, then in early 2026 layered on another maiden estimate for the new Rhosgobel deposit. Sitka's RC Gold Project now hosts 1.29 Moz indicated and 3.83 Moz inferred, driven by a 2.25-Moz maiden resource at Rhosgobel and an upgraded 535,000-ounce estimate at Eiger. The market response was dramatic — Sitka delivered a 169% share surge in 2025, and by mid-October 2025 the stock had surged +173% year-to-date, on the strength of the discovery momentum and the trajectory toward maiden/expanded resources. "Sitka is funded for a planned 60,000-meter drill program in 2026 focused on expanding all three deposits; by late April it had completed approximately 5,500 meters with visible gold reported in every initial hole," <a href="https://www.tradingview.com/news/prnewswire:7f3540c4b1e4d:0-the-yukon-s-capital-cycle-has-turned-and-this-18-project-junior-is-quietly-building-the-next-district-scale-story/" target="_blank" rel="noopener">noted Equity Insider News on Trading View May 7</a>. "Notably, the Rhosgobel deposit also hosts coarse scheelite — a tungsten-bearing mineral — adding a critical-metals dimension to the asset." After Sitka released the updated MRE, "The gold resource itself is unchanged, but the release formalizes tungsten and silver within the Rhosgobel resource model and provides another datapoint supporting the view that tungsten could become a meaningful by-product value enhancer," wrote Paradigm Capital Analyst Lauren McConnell in a May 14 update. "At ~US$62/oz, the stock remains well below the Yukon peer median (~US$117/oz) and average (~US$147/oz), and we view today’s results as another incremental derisking step that should support a continued rerating as assays and additional metallurgy are delivered through the summer," wrote McConnell, who has reiterated her Speculative Buy rating on the stock with a CA$1.70 per share target price. "Shares have been performing well as of late, +30% on a one-month basis versus the broader explorer peers +3%; however, on a YTD basis, shares are +18% versus the Yukon peers +59%. We continue to see a significant catch-up opportunity." Emperor Metals Inc.'s (EMAUF:OTCQB; AUOZ:CSE; 9NH:FRA) Duquesne West Gold Project in Quebec's Abitibi belt is a clear <a href="https://www.stocktitan.net/news/EMAUF/emperor-metals-announces-maiden-mineral-resource-estimate-for-the-bwfiocdxwf35.html" target="_blank" rel="noopener">analyst-favorite re-rating story</a>. The company released its maiden MRE on July 9, 2025: 26.9 million tonnes at 1.69 g/t Au for 1.46 Moz inferred gold, more than doubling the historical resource of 727,000 ounces at a discovery cost of about US$7 per ounce. While the share price actually dipped briefly on announcement day (the maiden MRE came in entirely as Inferred and at a lower average grade than the historical estimate), analyst conviction has since strengthened materially: <a href="https://ca.investing.com/equities/emperor-metals" target="_blank" rel="noopener">Investing.com data</a> shows 1 analyst rating it Buy and an overall Strong Buy with +376% upside potential, and Rick Rule <a href="https://www.youtube.com/watch?v=uZx44ezk5M8" target="_blank" rel="noopener">featured the company</a> at his July 2025 conference, with the broader equity story benefitting through subsequent financings. "The continued presence of free gold and sulfide mineralization along the full strike length indicates a laterally extensive mineralizing system," Emperor Chief Executive Officer John Florek said. "The occurrence of visible gold, commonly associated with higher grade potential in bulk mining scenarios, enhances our outlook." The 2024 drilling program was extensive, comprising 8,166 meters of new drilling and the re-assaying of 8,000 meters of historical core, according to an updated research note from Ron Wortel for Couloir Capital on October 6, 2025. The effort has led to the completion of 100% of assays and the discovery of new zones, such as one measuring 43.9 meters at 0.74 g/t of gold. These findings have expanded the project's footprint at a low cost of approximately US$7 per ounce. "Our new estimated fair market value for the stock is CA$1 and we maintain our buy recommendation for the Company in this very positive gold price environment," the analyst said. This year's program adds 15,000 meters of new drilling plus roughly 8,000 meters of historical core resampling — about 23,000 meters of fresh geological insight feeding the model, <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/emperor-metals-westward-gold-dryden-gold-outcrop-silver/" target="_blank" rel="noopener">according to Jeff Clark and Jeff Valks writing for The Gold Advisor on April 27</a>. "More data almost always sharpens the edges of a growing system," the post noted. "Visible gold showed up along strike, down dip, and inside the conceptual pit corridor. That’s not random placement. It supports the idea that Duquesne West is behaving like a widening corridor rather than a fixed footprint — exactly what teams hope to see while testing expansion scenarios." Valks continued, "The Abitibi Greenstone Belt is fruitful land, and I’ve long wanted more exposure to its riches. As a result, I just bought more shares this morning and now hold an overweight position in this stock. Jeff Clark maintains an overweight position as well with no plans to sell." <h2 style="text-align: center;">Could This Upcoming MRE Help Make This Junior?</h2> Another company that has frequently <a href="https://goldinvest.de/en/golden-cariboo-completes-drilling-in-mineralized-zone-with-visible-gold" target="_blank" rel="noopener">found visible gold</a> at its Quesnelle Gold Quartz Mine Property in British Columbia and may soon be looking at its first Graduation Day is <a href="https://www.streetwisereports.com/pub/co/11131?utm_medium=feed" target="_blank" rel="noopener">Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE)</a>. <a href="https://goldencariboo.com/news/golden-cariboo-ni-43-101-mineral-resource-estimate-halo-main/" target="_blank" rel="noopener">The company recently announced plans to commission an independent maiden MRE</a> for the Halo and Main zones at Quesnelle, which is in B.C.'s historic Cariboo Gold District, using data from the company's initial 29 NQ-sized surface diamond drill holes, as well as up to nine historical drill holes located at and near the Main zone. Frank Callaghan, President of Golden Cariboo Resources, expressed at the time that the decision to initiate an independent resource estimate at this stage is a testament to the promising and consistent drilling results obtained so far. "From our very first holes, we have observed encouraging geological continuity and mineralization across both the Halo and Main zones. While this work remains at the exploration stage, the data density and repeatability we are seeing have provided management with sufficient confidence to move forward with a formal NI 43-101 resource estimation. We believe this represents an important milestone in systematically advancing the property." The process of preparing the MRE will be overseen by a Qualified Person as defined under NI 43-101, the company said. It will involve validating the drill database, conducting geological modeling, estimating grades, and classifying the mineral resources in accordance with the CIM Definition Standards. Notably, the company pointed out that undertaking a mineral resource estimate following an initial drill campaign is not typical in early-stage exploration. However, the consistency of the geological and assay results from both the Halo and Main zones has provided a solid basis for this independent technical assessment at this juncture. <a href="https://www.streetwisereports.com/article/2026/04/01/gold-co-hits-strongest-drill-result-yet-at-halo-zone-as-maiden-resource-estimate-signals-major-re-rating-potential.html?utm_medium=feed" target="_blank" rel="noopener">On March 27, Couloir Capital Analyst Ron Wortel reaffirmed his firm's BUY rating on Golden Cariboo</a>, setting a fair value estimate of CA$0.50 per share, indicating a potential 455% increase from the share price at the time the note was written, a projection supported by encouraging drilling results from the company's Halo zone and the commencement of the maiden MRE, he said. According to the analyst, the company recently release impressive drilling results, particularly from drill hole QGQ25-27, which encountered 0.89 g/t gold over 70.65 meters starting at a depth of 14.2 meters. This drilling further uncovered higher-grade subintervals, enriching the geological understanding of the Halo zone. Additional exploration, including drill hole QGQ25-28, reached approximately 755 meters depth, revealing significant geological features indicative of a potential extension of the mineral system.[OWNERSHIP_CHART-11131] "In a pivotal derisking milestone, the Company formally announced its intention to commission an independent NI 43-101-compliant Mineral Resource Estimate for the Halo and Main zones, Wortel wrote. "The MRE will incorporate data from 29 company drill holes and up to nine historically reported holes, an unusually early move for a junior at this early stage, signaling management's and the technical team's confidence in the geological database and indications of continuity in the mineralization. Moreover, the acquisition of 13 placer claim cells in the Halo zone for CA$60,000 is seen as a strategic enhancement to the project's potential and future development prospects, the analyst said. <a href="https://thedeepdive.ca/back-to-the-cariboo-gold-rush-history-meets-modern-discovery-golden-caribou/" target="_blank" rel="noopener">Jay Lutz of The Deep Dive commented on Golden Cariboo's active drilling endeavors in the Cariboo district</a>, noting the significant influence of Callaghan, who has come out of retirement to spearhead the exploration efforts. Lutz praised the promising early results under Callaghan's leadership and pointed out the company's relatively modest market capitalization compared to neighboring mining operations. He speculated on Golden Cariboo's potential to become a major influence in the future of this historically rich mining district, suggesting a promising outlook for growth and development in the area. Quesnelle spans approximately 94,899 hectares and is situated along the Spanish and Eureka thrust faults. This area is historically known for its substantial gold production, with over 101 placer gold creeks along a 90-kilometer trend that continues to be actively productive. The Quesnelle Quartz mine, discovered in 1865, is easily accessible by road. The geological characteristics of the gold mineralization at Quesnelle bear similarities to those found at the Spanish Mountain gold deposit, approximately 120 kilometers southeast. The Spanish Mountain deposit is identified as a sediment-hosted vein (SHV) deposit, a category that includes some of the world’s largest gold deposits, such as Muruntau in Uzbekistan and Bendigo in Australia. 1Insider Callaghan, the CEO, holds 7.31%. The rest is in retail. There are no institutional investors at this time. The Canadian explorer has 131.82 million outstanding shares and its market cap is CA$12.52 million. Its 52-week range is CA$0.04–CA$0.12 per share. <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>Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Golden Cariboo Resources Ltd. 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 Golden Cariboo Resources Ltd. and Snowline 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=31264"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31264" width="0" height="0"> ( Companies Mentioned: EMAUF:OTCQB; AUOZ:CSE;9NH:FRA, GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE, SIG:TSXV; SITKF:OTCQB; 1RF:FSE, SGD:TSX.V; SNWGF:OTCQB, ) Wed, 27 May 2026 00:00:00 PST Antimony Co.'s US$2.7B EXIM Loan Heads to Board Agenda https://www.streetwisereports.com/article/2026/05/22/antimony-co-s-us-2-7b-exim-loan-heads-to-board-agenda.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/antimony-co-s-us-2-7b-exim-loan-heads-to-board-agenda.html?utm_medium=feed">Heiko F. Ihle 05/26/2026</a> Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) proposed that a roughly US$2.7B senior secured loan be placed on the U.S. Export-Import Bank's board agenda for its May 21, 2026, meeting. H.C. Wainwright & Co. analyst Heiko F. Ihle, CFA, reiterated a Buy rating and US$41.00 price target on <a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a>, implying roughly 30% upside from the May 11, 2026, closing price of US$31.54, following the company's release of its first-quarter 2026 financial results and the placement of its proposed loan on the U.S. Export-Import Bank (EXIM) board agenda. In his May 12 research note, Ihle reviewed Perpetua's quarterly results while emphasizing their limited relevance at this stage. "Although we view the firm's current financials as largely irrelevant given PPTA's lack of production, we nonetheless note that the firm reported a net loss of US$48.6M, or (US$0.39) per share," the analyst wrote. This compares to a net loss of US$8.2M, or (US$0.12) per share, in the first quarter of 2025. The wider loss reflected a significant ramp-up in spending ahead of construction. According to the report, the higher net loss stemmed from a step-up in exploration and pre-development costs, with management spending US$53.1M during the quarter, up from US$13.1M a year ago. Ihle noted that engineering spend rose to US$31.5M from US$5.3M, while field office and drilling support costs climbed to US$10.1M from US$1.4M in the first quarter of 2025. Perpetua's Board of Directors approved a budget of roughly US$328.0M for the first half of 2026. This consists of US$224.0M for detailed engineering, design work, and procuring equipment, along with US$76.0M for field operations. Management also expects to spend US$20.0M for permit compliance and various other costs. "In short, we highlight the significant spend that should happen at site," Ihle wrote. The analyst characterized the company's financial position as solid. The firm's balance sheet remained strong, with US$669.5M in cash as of quarter-end, which the report noted allows Perpetua to shoulder expenditures before the closing of its EXIM loan. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">EXIM Loan Catalyst</h2> The central focus of the report was the advancement of Perpetua's financing. EXIM's board placed Perpetua's proposed roughly US$2.7B senior secured loan on the agenda for its May 21, 2026, meeting. Ihle cautioned that the agenda is subject to change and that there is no guarantee a vote occurs, but noted that a favorable outcome should unlock a roughly US$2.2B direct loan that, when combined with Perpetua's cash and cash equivalents, fully covers the capital laid out in the updated technical report. Ihle expressed confidence in the financing regardless of timing. "In our view, the loan should eventually happen regardless, even if the vote gets delayed from the aforementioned meeting, based on the necessity for a domestic antimony supply chain from Stibnite," he wrote. The analyst identified the EXIM board meeting as the most significant near-term catalyst. He wrote that he views further updates related to project financing and debt funding as the company's primary catalyst, as this meaningfully de-risks the project. Ihle also pointed to the benefits of the Stibnite project from the current commodity price environment and said he plans to monitor progress toward a Final Investment Decision. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Valuation and Risks</h2> Ihle's valuation for Perpetua remained based on a discounted cash flow (DCF) analysis of the company's operations, maintaining a 10.0% discount rate on Stibnite. In his view, this discount rate fairly aligns with other assets in equally favorable jurisdictions that carry similar geopolitical risk factors and appear similarly positioned in the development pipeline. The overall DCF analysis yielded a combined valuation of US$4.66B, or US$35.52 per share. Ihle then added cash and cash equivalents of US$669.5M, along with a US$35.0M valuation for Perpetua's three key exploration targets, before subtracting the firm's debt. This produced a value of US$5.37B, or US$40.88 per share, which the analyst rounded to his US$41 price target. The report outlined four primary risks to the thesis: commodity price risks, operating and technical risks, financial risks, and political risks. With shares trading at US$31.54, the analyst's US$41.00 price target represented a 23.1% discount to the target, according to the report's calculations. <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>Perpetua Resources Corp is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Perpetua Resources Corp. </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> Disclosures for H.C. Wainwright & Co., Perpetua Resources Corp., May 12, 2026 This material is confidential and intended for use by Institutional Accounts as defined in FINRA Rule 4512(c). It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake, please let us know by e-mail reply to unsubscribe@hcwresearch.com and delete it from your system; you may not copy this message or disclose its contents to anyone. The integrity and security of this message cannot be guaranteed on the Internet. H.C. WAINWRIGHT & CO, LLC RATING SYSTEM: H.C. Wainwright employs a three tier rating system for evaluating both the potential return and risk associated with owning common equity shares of rated firms. The expected return of any given equity is measured on a RELATIVE basis of other companies in the same sector. The price objective is calculated to estimate the potential movements in price that a given equity could reach provided certain targets are met over a defined time horizon. Price objectives are subject to external factors including industry events and market volatility. RETURN ASSESSMENT Market Outperform (Buy): The common stock of the company is expected to outperform a passive index comprised of all the common stock of companies within the same sector. Market Perform (Neutral): The common stock of the company is expected to mimic the performance of a passive index comprised of all the common stock of companies within the same sector. Market Underperform (Sell): The common stock of the company is expected to underperform a passive index comprised of all the common stock of companies within the same sector. Rating and Price Target History for: Perpetua Resources Corp. (PPTA-US) as of 05-08-2026 40 35 30 25 20 15 10 5 0 Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 Q2 BUY:$9.00 03/20/23 BUY:$10.25 06/27/23 BUY:$10.00 09/26/23 BUY:$10.50 03/28/24 BUY:$13.25 05/14/24 BUY:$22.00 11/15/24 BUY:$25.00 01/07/25 BUY:$28.00 03/21/25 BUY:$27.50 05/13/25 BUY:$30.00 08/15/25 BUY:$41.00 02/05/26 Investment Banking Services include, but are not limited to, acting as a manager/co-manager in the underwriting or placement of securities, acting as financial advisor, and/or providing corporate finance or capital markets-related services to a company or one of its affiliates or subsidiaries within the past 12 months. Distribution of Ratings Table as of May 8, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 554 87.11% 162 29.24% Neutral 47 7.39% 10 21.28% Sell 2 0.31% 0 0.00% Under Review 33 5.19% 14 42.42% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Heiko F. Ihle, CFA , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies. None of the research analysts or the research analyst’s household has a financial interest in the securities of Perpetua Resources Corp. (including, without limitation, any option, right, warrant, future, long or short position). As of April 30, 2026 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Perpetua Resources Corp.. Neither the research analyst nor the Firm knows or has reason to know of any other material conflict of interest at the time of publication of this research report. The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services. The Firm or its affiliates did receive compensation from Perpetua Resources Corp. for investment banking services within twelve months before, and will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report. H.C. Wainwright & Co., LLC managed or co-managed a public offering of securities for Perpetua Resources Corp. during the past 12 months. The Firm does not make a market in Perpetua Resources Corp. as of the date of this research report. The securities of the company discussed in this report may be unsuitable for investors depending on their specific investment objectives and financial position. Past performance is no guarantee of future results. This report is offered for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited. This research report is not intended to provide tax advice or to be used to provide tax advice to any person. Electronic versions of H.C. Wainwright & Co., LLC research reports are made available to all clients simultaneously. No part of this report may be reproduced in any form without the expressed permission of H.C. Wainwright & Co., LLC. Additional information available upon request. H.C. Wainwright & Co., LLC does not provide individually tailored investment advice in research reports. This research report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this research report. H.C. Wainwright & Co., LLC’s and its affiliates’ salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies that reflect opinions that are contrary to the opinions expressed in this research report. H.C. Wainwright & Co., LLC and its affiliates, officers, directors, and employees, excluding its analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives (including options and warrants) thereof of covered companies referred to in this research report. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data on the company, industry or security discussed in the report. All opinions and estimates included in this report constitute the analyst’s judgment as of the date of this report and are subject to change without notice. Securities and other financial instruments discussed in this research report: may lose value; are not insured by the Federal Deposit Insurance Corporation; and are subject to investment risks, including possible loss of the principal amount invested.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31263"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31263" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) Tue, 26 May 2026 00:00:00 PST Gold Resource Swells Past 8.6 Million Ounces as Yukon Project Advances Toward Maiden PEA https://www.streetwisereports.com/article/2026/05/22/gold-resource-swells-past-8-6-million-ounces-as-yukon-project-advances-toward-maiden-pea.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/gold-resource-swells-past-8-6-million-ounces-as-yukon-project-advances-toward-maiden-pea.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB) reported an updated NI 43-101 Mineral Resource Estimate for its AurMac Project in Yukon.Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB; ) announced<a href="https://banyangold.com/news-releases/2026/banyan-expands-indicated-and-inferred-mineral-resource-estimate-and-improves-grade-at-aurmac-deposit-yukon-canada/" target="_blank" rel="noopener"> an updated Mineral Resource Estimate for its AurMac Project in Yukon Territory, Canada, prepared in accordance with NI 43-101 standards. </a>The updated estimate incorporated an additional 42,000 meters from 178 diamond drill holes completed within the Airstrip and Powerline deposits. According to the company, the updated Mineral Resource Estimate will support an upcoming Preliminary Economic Assessment expected in the second half of 2026. The updated Mineral Resource Estimate includes an Indicated Mineral Resource of 3.64 million ounces of gold contained within 167.3 million tonnes grading 0.68 g/t gold, along with an Inferred Mineral Resource of 4.98 million ounces of gold contained within 267.2 million tonnes grading 0.58 g/t gold. Banyan also highlighted a higher-grade portion of the deposit at a 0.55 g/t gold cut-off grade, which contains an Indicated Mineral Resource of 2.45 million ounces grading 1.00 g/t gold and an Inferred Mineral Resource of 2.72 million ounces grading 0.96 g/t gold. The company reported that the Indicated Mineral Resource increased 60% in contained ounces compared to the 2025 Mineral Resource Estimate, while the overall indicated grade increased 8%. At the Airstrip deposit, the Indicated Mineral Resource increased 38% in contained ounces, and the Inferred Mineral Resource increased 65% in contained ounces with an 11% grade increase. Banyan also stated that the Powerline deposit now contains an Indicated Mineral Resource of 2.80 million ounces grading 0.67 g/t gold, representing a 68% increase with a 10% grade increase. At a 0.25 g/t gold cut-off grade, Banyan reported a combined Indicated Mineral Resource of 3.93 million ounces grading 0.61 g/t gold and an Inferred Mineral Resource of 5.72 million ounces grading 0.51 g/t gold. The company stated that the deposits remain open in all directions and at depth. "This is an important achievement for Banyan and our shareholders. More ounces, more indicated ounces, and a higher overall grade, demonstrating consistent performance across all metrics," <a href="https://banyangold.com/news-releases/2026/banyan-expands-indicated-and-inferred-mineral-resource-estimate-and-improves-grade-at-aurmac-deposit-yukon-canada/" target="_blank" rel="noopener">stated Tara Christie, President and CEO, in the company news release</a>. Christie added that, "With the updated Mineral Resource report completed, the focus now shifts to the forthcoming maiden PEA, which will showcase the economic potential of AurMac." According to the company, the effective date of the Mineral Resource Estimate is May 15, 2026. The estimate was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal of Ginto Consulting Inc., who is identified as an independent Qualified Person under NI 43-101. Banyan stated that a supporting technical report will be filed on SEDAR within 45 days of the release. The company also reported that the Airstrip deposit is delineated by 243 drill holes, representing an increase of 92 holes from the June 2025 Mineral Resource Estimate, while the Powerline deposit is based on 680 diamond drill holes, representing an increase of 80 holes from the prior estimate. Banyan stated that mineralization at Airstrip is predominantly hosted in calcareous metasedimentary packages, while mineralization at Powerline is predominantly hosted in quartz veins cross-cutting lithology. Banyan stated that gold grade estimation at Airstrip and Powerline used the Ordinary Kriging method with block dimensions of 10 meters by 10 meters by 5 meters. The company reported that quality assurance and quality control procedures included the insertion of certified reference materials, field duplicates, and coarse blanks into the sample stream, with analytical work completed by Bureau Veritas laboratories. The company stated that all control samples were within accuracy and precision thresholds required to meet data quality standards and that no significant QA/QC issues were identified during review of the data. <div class="text-base my-auto mx-auto [--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"> <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" data-message-author-role="assistant" data-message-id="1f851987-d385-4f90-8b84-a2d8a1e03453" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="t04ga9" data-start="0" data-end="48">Central Banks, Inflation, and Technical Signals Support Gold Narrative</h2> <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051926.html" target="_blank" rel="noopener">According to Stewart Thomson's May 19 commentary, </a>the gold sector continued to be framed within a broader commodities cycle influenced by supply and demand imbalances, inflationary pressures, and rising global debt levels. Thomson stated that "this cycle is all about a major mismatch of demand and supply," while also attributing the long-term trend to "outrageous global government debt" and increasing wealth across Asia and Africa. He further wrote that "a daily focus on the big picture is critical for investors as inflation, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape." In a May 20 commentary from the What's Chen Buying? What's Chen Selling? newsletter, Chen Lin discussed recent trading activity in the precious metals market and characterized recent price movements as constructive from a technical standpoint. Lin wrote that silver had "tested the support line and we had a bounce," while describing a rapid move in gold prices on the Shanghai Futures Exchange as "basically taking out all the stop orders." He added, "These are good signs of bottoming." <a href="https://vblgoldfix.substack.com/p/gold-price-forecast-constructive-e33?utm_source=post-email-title&publication_id=456345&post_id=198675841&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">A May 21 report from deVere Group stated that the outlook for gold prices remained "constructive" despite short-term pressures in the market</a>. The report referenced ING commodities strategist Ewa Manthey, who said that long-term structural support factors for gold continued to remain intact. According to the report, central bank gold demand increased 17% during the first quarter, while the People's Bank of China added eight tonnes of gold reserves in April. The report also stated that flows into gold-backed exchange-traded funds turned positive in April following outflows recorded in March. The deVere Group report additionally cited independent analyst Ross Norman, who stated, "The motivation for central banks to acquire gold is arguably stronger than ever, and events in the Middle East will only have amplified a sense of vulnerability to dollar assets. In short, gold looks positive but in a more measured way." The report further stated that gold-backed ETFs added US$6.6 billion during April, with holdings increasing by 45 tonnes, which the report said reflected renewed institutional exposure following the March sell-off. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" 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:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" data-turn-id-container="request-WEB:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="8b60dcf7-1879-4446-b503-c7d41b8fac84" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="1xyl26c" data-start="0" data-end="55">Analysis Points to Resource Growth and PEA Milestones</h2> According to a May 19 research note from Paradigm Capital analysts Don Blyth, Don MacLean, Lauren McConnell, and Hank Lorimer, Banyan Gold's updated Mineral Resource Estimate represented a "positive updated Mineral Resource Estimate (MRE)" for the AurMac project. The analysts wrote that total resources increased "to 8.62Moz @ 0.62 g/t, using a 0.3 g/t cut-off," which they stated represented "a 12% increase in contained gold." The Paradigm Capital report also focused on the higher-grade resource at a 0.55 g/t cut-off, stating that "total resources (all categories) have increased to 5.17Moz @ 0.98 g/t." The analysts added that indicated resources at the higher cut-off "now stand at 2.45Moz @ 1.00 g/t, representing a 73% increase in contained ounces and 5% in average grade versus the 2025 MRE indicated resources." In the May 19 note, the analysts stated that "this updated MRE will feed into the Preliminary Economic Assessment (PEA) expected to be completed in H2/26." They also wrote, "We view this as a positive MRE update. We had hoped to see at least 5Moz of total resources @ ~1 g/t (at the 0.55 g/t cut-off) and Banyan delivered 5.17Moz @ 0.98 g/t." Paradigm Capital maintained a "Speculative Buy" rating on Banyan Gold and updated its target price to CA$3.00 from CA$2.00. The report stated, "We maintain our Speculative Buy rating." According to the same May 19 research note, Paradigm Capital estimated that Banyan was trading at "0.12x P/NAV" based on its base-case assumptions. The analysts also wrote that "we continue to expect the entire development sector multiple to lift as the M&A cycle shifts into high gear." <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/banyan-gold-tiger-gold/" target="_blank" rel="noopener">In a May 20 commentary for Gold Advisor, Jeff Valks wrote that Banyan Gold's updated Mineral Resource Estimate delivered "more ounces, better confidence, and a cleaner runway toward the maiden PEA expected in the second half of 2026." </a>Valks stated that the updated estimate incorporated "an additional 42,000 meters across 178 diamond drill holes at Airstrip and Powerline." The commentary highlighted AurMac's updated resource at a 0.30 g/t gold cut-off, including "Indicated: 3.64 million ounces of gold from 167.3 million tonnes grading 0.68 g/t gold" and "Inferred: 4.98 million ounces of gold from 267.2 million tonnes grading 0.58 g/t gold." Valks also wrote that "the indicated category grew 60% in contained ounces, with an 8% grade increase." Discussing the higher-grade component of the resource, Valks wrote that "AurMac still shows a meaningful higher-grade subset at the 0.55 g/t gold cut-off: 2.45 million indicated ounces at 1.00 g/t gold and 2.72 million inferred ounces at 0.96 g/t gold." He added that "for the upcoming PEA, that gives Banyan more flexibility when thinking about mine sequencing, starter pits, and which rock might carry the best early economics." The May 20 commentary also referenced comments from Banyan President and CEO Tara Christie, stating that AurMac was growing "in size, confidence, and quality," while noting that "focus now shifts to the maiden PEA." Valks further wrote, "This stock remains a strong Buy," and stated that Banyan had "a larger indicated base, better grade, an ongoing 70,000-meter drill program, and six drills turning." </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> <h2 style="text-align: center;" data-section-id="13l62i" data-start="3935" data-end="3986">Upcoming Work Programs and Project Developments</h2> Banyan stated that a 70,000-meter drill program is ongoing at AurMac during 2026, with up to six drills operating at the project and more than 21,000 meters completed to date. The company noted in its corporate presentation that more than 23,000 meters had been completed as of May 2026. <a href="https://banyangold.com/site/assets/files/4671/banyan_corporate_presentation.pdf" target="_blank" rel="noopener">According to the company, the forthcoming Preliminary Economic Assessment for AurMac remains expected in the second half of 2026</a>. Banyan stated that the updated Mineral Resource Estimate is intended to support the study and that the deposits remain open for potential expansion along the edges of the deposit and below the conceptual pit. The company's corporate presentation stated that the AurMac Project benefits from existing roads and hydroelectric power infrastructure, existing baseline environmental data, and settled First Nation agreements. Banyan also reported average gold recoveries of 93% using gravity and leach processing methods and 84% recovery at 100 micron grind size using gravity and flotation methods. [OWNERSHIP_CHART-7310] Banyan additionally highlighted ongoing exploration activities at its Nitra Gold Project, located approximately 10 kilometers west of the AurMac property. The company stated in the corporate presentation that the Nitra property covers 423 square kilometers, is road accessible, contains known intrusions at surface, and includes more than six active placer mines. The company also referenced its Hyland Gold Project in Yukon, which has an updated 2025 Mineral Resource Estimate containing an Indicated Mineral Resource of 337,000 ounces of gold and 2.63 million ounces of silver, along with an Inferred Mineral Resource of 118,000 ounces of gold and 863,000 ounces of silver. <h2 style="text-align: center;" data-start="5521" data-end="5870">Ownership and Share Structure1</h2> 5.92% of Banyan Gold is held by Institutions. Management and Insiders own 5.47%. The rest is retail. The company has a market cap of CA$432.39, 428.56 million outstanding shares, and a 52-week range of CA$0.21 - CA$1.64. <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>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><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31262"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31262" width="0" height="0"> ( Companies Mentioned: BYN:TSX.V;BYAGF:OTCQB;, ) Fri, 22 May 2026 00:00:00 PST After Acquisition, Gold-Copper Miner Advances High-Grade Ecuador Breakthrough https://www.streetwisereports.com/article/2026/05/22/after-acquisition-gold-copper-miner-advances-high-grade-ecuador-breakthrough.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/after-acquisition-gold-copper-miner-advances-high-grade-ecuador-breakthrough.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Tincorp Metals Inc. (TIN:TSXV; TINFF:OTCMKTS) updates on the progress of its 10,000-meter phase 1 drilling campaign at the Santa Barbara gold-copper project.Tincorp Metals Inc. (TIN:TSXV; TINFF:OTCMKTS) gave an update on the progress of its 10,000-meter phase 1 drilling campaign at the Santa Barbara gold-copper project, situated in the Zamora copper-gold belt of southeastern Ecuador, <a href="https://tincorp.com/news-releases/tincorp-advances-phase-1-10-000-metre-drill-program-at-the-santa-barbara-gold-copper-project-ecuador/" target="_blank" rel="noopener">according to a release on May 14</a>. The drilling operations, which began on April 14, 2026, are actively underway with four rigs currently operational on the site. To date, five drill holes have been completed, with the extracted cores being processed for shipment to the laboratory for assay analysis, the results of which will be shared upon availability. "Phase 1 drilling is well underway at Santa Barbara, and this initial program is designed to lay the foundation for a future mineral resource upgrade," Chief Executive Officer Victor Feng said. "We look forward to reporting assay results as they become available. Once phase 1 is complete, we will advance into phase 2, where we will step out and test targets at depth." The primary objectives of the phase 1 drill program include confirming historical drill results, conducting infill drilling to enhance the existing mineral resources, and extracting fresh drill cores to deepen the company's understanding of the mineralization controls and metallurgy specific to the Santa Barbara site, the release said. Following the completion of this phase, the company plans to initiate phase 2, which will concentrate on step-out drilling and extending the resource base by exploring deeper geological targets. The Santa Barbara project is a significant gold-copper porphyry system located in the Zamora copper-gold belt within the Zamora-Chinchipe province in southeastern Ecuador. The project is adjacent to Silvercorp's Condor project, and historically, both were explored as part of the same mining district. The region is known for hosting several major mines and advanced development projects, including Lundin Gold's Fruta del Norte mine, the Mirador copper-gold mine, and Solaris Resources' Warintza project, all located within close proximity to Santa Barbara. In line with the acquisition of the Santa Barbara project, Tincorp Metals filed an updated National Instrument 43-101 mineral resource estimate (MRE) on April 9. According to this technical report, the updated mineral resource estimate for the project includes total indicated mineral resources of 29.8 million tonnes at an average grade of 0.73 grams per tonne gold (g/t Au) and 0.10% copper, containing 697,000 ounces of gold and 68.2 million pounds of copper. Additionally, the total inferred mineral resources amount to 205.7 million tonnes at an average grade of 0.52 g/t Au and 0.09% copper, containing 3.42 million ounces (Moz) of gold and 425.9 million pounds of copper. <h2 style="text-align: center;">Santa Barbara Acquisition Completed</h2> <a href="https://tincorp.com/news-releases/tincorp-completes-acquisition-of-the-santa-barbara-gold-copper-project-ecuador/" target="_blank" rel="noopener">On May 13, the company announced</a> the completion of its acquisition of Santa Barbara Metals Inc., a wholly owned subsidiary of Silvercorp Metals Inc. (SVM:TSX; SVM:NYSE), and its subsidiary, Adventus Mining Corporation. This acquisition grants Tincorp a 100% interest in the Santa Barbara Gold-Copper Project. The transaction was finalized after meeting all necessary conditions, including approvals from the TSX Venture Exchange and the disinterested shareholder approval as required by TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. Additionally, minority approval was secured during the company's annual general and special meeting of shareholders on May 5, the company said. As part of the acquisition terms, Tincorp has made significant financial commitments to Silvercorp. These include a first-stage cash payment of US$1.5 million and the issuance of 15 million common shares of Tincorp. Furthermore, Tincorp has entered into a net smelter return royalty agreement with Silvercorp, establishing a 1.5% NSR royalty on the Santa Barbara Project. Notably, Tincorp retains the option to repurchase two-thirds of this royalty (equivalent to 1% of the total 1.5%) for US$10 million. Additionally, to secure the deferred purchase price payments and the NSR Royalty, Tincorp has granted Silvercorp a pledge over the shares of the Holding Company and a security interest over the mining concessions that comprise the Santa Barbara Project. <h2 style="text-align: center;">Co. 'Wasting No Time': Experts</h2> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/three-picks-push-forward-plus-interviews-with-five-paydirt-stocks/" target="_blank" rel="noopener">According to Jeff Clark and Daniel Flynn of The Gold Advisor on May 21</a>, "Tincorp is wasting no time at Santa Barbara." "Just last week, we highlighted the company's completion of its acquisition of a 100% interest in the Ecuadorian gold-copper project," they wrote. "Now, it has confirmed that Phase 1 drilling is already well underway. That's good to see. One of the reasons we like this story is Tincorp is not sitting around waiting for the market to catch up. The deal has closed, funding is in place, the technical team is mobilized, and the drill bit is turning." The company has initiated a comprehensive 10,000-meter drilling program at the project, utilizing four rigs currently operational on site. The primary objectives of this initial phase are to validate historical drilling data, conduct infill drilling to potentially enhance the existing resource estimates, and gather new core samples for additional geological and metallurgical analysis, Clark and Flynn noted. This phase is crucial, not merely as an exploratory venture, but as a strategic move to consolidate and expand upon what Tincorp already possesses at Santa Barbara, setting the stage for future resource enhancements. "Results from this first campaign could therefore become an important catalyst," they noted. "If Tincorp can confirm the historic work, support resource upgrades, and keep building the case for scale, there's a good chance the market will start paying closer attention." Chen Lin of What is Chen Buying? What is Chen Selling? noted on May 18 that the company "closed the acquisition of the huge Santa Barbara project, 4.1 million oz of gold and 600+lb copper. Victor Feng is appointed CEO. They will be actively drilling to expand the resource to 5+ million oz." <h2 style="text-align: center;">The Catalyst: Gold Challenges, Industrial Metal Volatility</h2> The gold market is currently grappling with the challenge of breaking past the US$4,500 per ounce threshold as bond yields continue to rise amid growing concerns over inflation, <a href="https://www.kitco.com/news/article/2026-05-20/gold-price-struggling-now-analysts-say-looming-bond-crisis-could-change" target="_blank" rel="noopener">as reported by Neils Christensen for Kitco News on May 20</a>. Analysts have highlighted that the increasing yields on long-term bonds are raising the opportunity cost of investing in gold, which does not yield any returns, thereby creating a difficult environment for this precious metal. Despite these hurdles, spot gold has experienced a modest uptick, trading at US$4,493.60 an ounce, marking a 0.28% increase. Ole Hansen, the Head of Commodity Strategy at Saxo Bank, has observed that although gold has strong long-term fundamentals on a global scale, current investor focus is predominantly on immediate uncertainties. One significant factor is the ongoing conflict in the Middle East, especially the war in Iran, which has resulted in the closure of the Strait of Hormuz. This situation has disrupted global supply chains and pushed commodity prices upward, with oil prices notably exceeding $100 a barrel. "Higher energy prices feed directly into inflation and, by extension, government bond yields, while also lending support to the U.S. dollar," Hansen explained, according to Christiansen. He further noted that this scenario poses challenges for gold as the rising yields and strengthening dollar suppress demand for gold, complicating its traditional role as a safe-haven asset. Hansen, in a communication to Kitco News, suggested that gold could potentially perform well as a safe-haven asset if confidence in the bond markets starts to diminish. However, he pointed out, "The market is struggling to cope with more than one theme at a time. Right now, it's the higher oil price linked to inflation and yields that's in the driving seat, but a continued rise in yields may well end up being positive for gold given the fiscal debt worries it raises." This week, industrial metals experienced significant volatility, influenced by escalating inflation concerns that continued to stress global bond markets, <a href="https://www.cnbc.com/2026/05/21/copper-industrial-metals-inflation-bond-yields.html" target="_blank" rel="noopener">according to a report by Chloe Taylor for CNBC on May 21</a>. On the London Metals Exchange, copper futures for August delivery fell by 1.3% on Tuesday, only to recover slightly by 0.5% on Wednesday, reaching US$13,477 per ton. [OWNERSHIP_CHART-11578] Copper, which is essential in the production of electrical wiring, machinery, and plumbing, is often regarded as an indicator of global economic health. Other metals such as aluminum, nickel, tin, and zinc also showed fluctuating patterns of gains and losses throughout the week, Taylor said. These fluctuations occurred against a backdrop of broader instability in global bond and equity markets. Global stocks have shown irregular movements as investors navigate through corporate earnings reports and face U.S. Treasury yields that have soared to levels not seen in decades. Analysts speaking to CNBC have expressed that the future prospects for many industrial metals appear uncertain, with emerging challenges affecting both supply and demand dynamics. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Tincorp Metals Inc. has a market cap of CA$86.54 million, with 72.12 million shares outstanding. The company's 52-week range is CA$0.14-CA$1.33. Institutions own 0.03% of shares, Strategic Corporate Investors own 70.35%, and management and insiders own 28.43%. The remaining is retail. <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=31258"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31258" width="0" height="0"> ( Companies Mentioned: TIN:TSXV;TINFF:OTCMKTS, ) Fri, 22 May 2026 00:00:00 PST Silver Producer With 5 Mexico Mines Accelerates Repayment of Gold Debt https://www.streetwisereports.com/article/2026/05/21/silver-producer-with-5-mexico-mines-accelerates-repayment-of-gold-debt.html Source: <a href="https://www.streetwisereports.com/article/2026/05/21/silver-producer-with-5-mexico-mines-accelerates-repayment-of-gold-debt.html?utm_medium=feed">Streetwise Reports 05/21/2026</a> Guanajuato Silver Co. Ltd. (GSVR:TSX.V; GSVRF:OTCQX) accelerates repayment of a gold loan. One expert says this is a great sign for the junior.Guanajuato Silver Co. Ltd. (GSVR:TSX.V; GSVRF:OTCQX) said it has accelerated the partial repayment of its gold loan with Ocean Partners U.K. Ltd., <a href="https://www.gsilver.com/news/2026c/1041-guanajuato-silver-accelerates-gold-loan-repayment2026-05-14-042502" target="_blank" rel="noopener">according to a May 14 release</a>. Guanajuato announced that it has repaid 1,580.4 ounces of gold, effectively covering a full year's worth of payments. This repayment, made from the company's available cash, ensures that Guanajuato Silver's commitments under the gold loan are settled until May 2027. The loan is set to mature in 2028. "We are pleased to have advantageously capitalized on both the recent decline in the gold price and on an early repayment discount to significantly reduce the amount outstanding on our sole remaining debt facility," Chairman and Chief Executive Officer James Anderson said. "With our portfolio of five producing precious metals mines demonstrating rapidly improving economics within the new silver and gold pricing environment, the company has ample liquidity to take advantage of the recent downswing in gold prices to reduce our debt obligation." Since the initiation of the gold loan, Guanajuato Silver said it has repaid a total of 3,292.5 ounces of gold to Ocean Partners, which represents 46% of the original loan amount. The remaining balance under the loan facility amounts to 3,814.5 ounces of gold. The company plans to resume monthly repayments of 131.7 ounces starting in May 2027, continuing over 11 months with total repayments amounting to 1,448.7 ounces. A final bullet payment of 2,365.8 ounces is scheduled for March 2028 at the loan's maturity. Guanajuato Silver intends to continue utilizing any future declines in gold prices to aggressively reduce the remaining balance of the gold loan. "We have had a successful and mutually beneficial relationship with Guanajuato Silver for over five years; moreover, we enthusiastically look forward to supporting their continued growth in the future," Ocean Partners Chief Executive Officer Brent Omland said. <h2 style="text-align: center;">'A Very Good Sign' for a Junior, Expert Says</h2> On May 18, Chen Lin of What is Chen Buying? What is Chen Selling? praised the company's move to pay back the gold. "This is a very good sign a junior is doing well," Chen wrote. "I hope GSVR will continue to execute and become the next superstar in silver!" Guanajuato Silver ranked among the top performers among more than 1,600 companies listed on the TSX Venture Exchange in 2025, <a href="https://money.tmx.com/venture50" target="_blank" rel="noopener">the exchange said this year</a>. The list is based on criteria including one-year share price appreciation, market cap growth, and Canadian consolidated trading value. Notably, due to a tie in the ranking system, this year includes 51 companies instead of the usual 50. Guanajuato was ranked 10th in the mining sector and demonstrated remarkable growth with a 294% increase in share price and a 453% expansion in market capitalization. As a dynamic precious metals producer, the company is focused on revitalizing previously operational silver and gold mines located in central Mexico. Guanajuato Silver operates out of the Bolanitos Mine, El Cubo Mine, Valenciana Mines Complex, and the San Ignacio Mine, all situated within the historically rich mining region of Guanajuato, which boasts a 480-year history of mining, TSX noted. In addition to its operations in Guanajuato, the company also extracts silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With a total of five active mines and four processing facilities under its management, Guanajuato Silver has rapidly ascended as one of the leading silver producers in Mexico, showcasing significant growth and operational success in the mining industry. "Earning a spot in the TSX Venture 50 list is the result of a combination of better operating discipline at our Mexican mining operations, significant silver price appreciation, and enhanced market recognition for our company," <a href="https://www.gsilver.com/news/2026c/1035-guanajuato-silver-named-to-tsxv-list-of-top-performing-compa2026-02-18-044502" target="_blank" rel="noopener">Anderson said at the time</a>. "In 2025, we remained the leading volume trader on the TSX-Venture. Also, we have continued this success into 2026 with the recent purchase of the Bolanitos gold and silver mine, further expanding our presence in the famous Guanajuato silver mining district. As one of the very few primary silver producers on the TSX Venture, Guanajuato Silver is poised for even greater growth as we continue to build value for our shareholders." <h2 style="text-align: center;">Operational Results for Q4 2025</h2> Guanajuato Silver recently disclosed its financial and operational results for the fourth quarter of 2025, revealing a net loss of US$25.67 million and a negative operating cash flow of US$16.2 million before adjustments for non-cash working capital, which improved slightly to a negative US$2.3 million after these adjustments, according to an updated report by Research Capital Corp. Analyst Stuart McDougall on May 1. The substantial losses were partly due to US$15 million in non-cash provisions set aside for an ongoing legal dispute with a former contractor at the El Cubo mine, along with a US$6.7 million non-cash derivative loss, and various write-offs and impairment charges, including those related to the shutdown of the Cata plant in December. Despite these challenges, the quarter saw some positive developments, including a 40% increase in unit costs, which was balanced by higher silver and gold grades and stronger metal prices. It is anticipated that these increased costs will decrease in future quarters as capital is invested in the mines and the San Ignacio operation becomes fully integrated with the newly acquired Bolonitos mine, McDougall said. However, detailed mine information and guidance are still pending, leading to a continued valuation of the company on an in-situ basis at US$5 per ounce of contained silver and US$125 per ounce of contained gold, maintaining an unchanged target price of $0.65 per share. Given that this target suggests a return of less than 15% from prices at the time of writing, the analyst said his recommendation has been downgraded from SPECULATIVE BUY to HOLD. The quarter also highlighted stronger metal prices and grades, though this was offset by a 15% drop in throughput levels and the noted increase in unit costs, the report said. Consolidated production figures included 294,836 ounces of silver, 2,111 ounces of gold, along with significant amounts of lead and zinc. Reported cash costs and all-in-sustaining costs were notably high, with unit costs reaching record levels, particularly at the Topia mine. Following the closure of the Bolonitos acquisition on January 15, updated reserve and resource estimates were provided. Proven and Probable Reserves were reported at 389kt with significant silver and gold content, and additional resources were categorized, reflecting substantial potential silver and gold yields. The company anticipates providing initial operating results in the upcoming Q1 financials, which supports the continuation of the in-situ valuation approach until more detailed projections can be made. On the financial front, as of December 31, GSVR reported having unrestricted cash of US$40 million, working capital of US$14 million, and total debt of US$20 million. The improvement in financial position from the previous quarter primarily reflects the net proceeds from a CA$44 million bought deal equity financing completed on October 9, 2025. <h2 style="text-align: center;">The Catalyst: Markets Watching Unfolding Iran Conflict</h2> On Thursday, Silver exhibited limited movement as it traded within a tight range, with market participants closely watching the unfolding U.S.-Iran conflict, <a href="https://www.fxstreet.com/news/silver-price-forecast-bears-retain-near-term-control-as-rsi-slips-below-50-202605211440" target="_blank" rel="noopener">reported Vishal Chaturvedi for FX Street on May 21</a>. The precious metal experienced some downward pressure earlier in the day following a Reuters report that Iran's Supreme Leader had mandated that near-weapons-grade uranium remain within the country, casting a shadow over the prospects of negotiation progress. However, Silver managed to recoup some of its losses after these claims were refuted by an Iranian official in statements to Al Jazeera. Despite this slight recovery, the upward potential for silver is restricted by the strengthening U.S. Dollar and the rise in U.S. Treasury yields, Chaturvedi wrote. These are being driven higher by growing expectations that the Federal Reserve might increase interest rates to mitigate inflationary pressures, which are being exacerbated by rising oil prices. Looking forward, the trajectory of silver prices is likely to be influenced by geopolitical developments, particularly as markets await more definitive outcomes from the U.S.-Iran negotiations, he said. President Donald Trump indicated on Wednesday that discussions were nearing completion but did not rule out the possibility of resuming military actions if the negotiations fail to yield a satisfactory agreement. Trump also mentioned that Washington could afford to wait a few more days for Tehran to provide the "right answer." HSBC has recently updated its silver price forecasts, indicating a nuanced outlook for the precious metal, <a href="https://www.thestreet.com/investing/hsbc-raises-silver-price-target-for-the-rest-of-2026" target="_blank" rel="noopener">according to Hillary Remy writing for The Street on May 18</a>. The bank has increased its average price predictions for 2026 and 2027, yet it has set year-end targets for these years that are below the current market prices. This suggests that while HSBC acknowledges the recent strength in silver prices, it anticipates a potential decline in the latter half of each year. James Steel, HSBC's chief precious metals analyst, explained that the forecasts reflect a specific interpretation of the market dynamics that have supported silver's price rise and the factors that might cause it to weaken as the year progresses.[OWNERSHIP_CHART-10417] <a href="https://www.investing.com/news/commodities-news/hsbc-raises-silver-price-targets-for-2026-and-2027-but-sees-limited-upside-4688158" target="_blank" rel="noopener">According to Investing.com</a>, HSBC has raised its average silver price forecast for 2026 to US$75 per troy ounce, up from US$68.25, and for 2027 to US$68, up from US$57. However, the year-end targets are set at US$70 for 2026 and US$65 for 2027, indicating an expectation of a downward trend in the latter parts of these years. Steel pointed out that moderating deficits in the silver market are unlikely to support a prolonged surge in silver prices, Remy noted. He was quoted by Investing.com as saying, "Moderating deficits, in our view, will not be sufficient to propel silver sharply higher for prolonged periods." Additionally, he highlighted a potential widening in the gold-to-silver ratio, suggesting that silver may not necessarily follow gold in an upward trajectory, which is an important consideration for investors. The anticipated reduction in the silver supply deficit is central to HSBC's projections. The global silver market deficit is expected to decrease significantly, from 143 million ounces (Moz) in 2025 to 73 Moz in 2026, and further to just 25 Moz in 2027. This forecasted shrinkage is attributed to stable mine production, which is expected to slightly increase from 848 Moz in 2026 to 868 Moz in 2027, and a rise in recycling supply from 197 Moz in 2025 to 216 Moz in 2026. These supply increases, though not dramatic, are set against a backdrop of declining demand. Industrial demand, which constitutes over half of the global consumption of silver, dropped to 657 Moz in 2025 from a record high of 679 Moz the previous year. This decrease in demand alongside increased supply contributes to the changing deficit dynamics, influencing HSBC's tempered outlook on silver prices moving forward. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Guanajuato Silver is about 4% owned by management and insiders. Daniel Oliver holds the most with 1.86%, followed by James Anderson at 1.15%. The company has about 14% institutional ownership, with Fidelity Management and Research with 5.18% and Mirae Asset Global Investments at 3.3%. The rest is retail. Guanajuato Silver has a market cap of CA$443.3 million, 738.83 million shares outstanding, and a 52-week trading range of CA$0.16 and CA$1.15. <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=31255"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31255" width="0" height="0"> ( Companies Mentioned: GSVR:TSX.V; GSVRF:OTCQX, ) Thu, 21 May 2026 00:00:00 PST Gold Junior Discovers Excellent High-Grade Drill Targets in Yukon's White Gold District https://www.streetwisereports.com/article/2026/05/21/gold-junior-discovers-excellent-high-grade-drill-targets-in-yukons-white-gold-district.html Source: <a href="https://www.streetwisereports.com/article/2026/05/21/gold-junior-discovers-excellent-high-grade-drill-targets-in-yukons-white-gold-district.html?utm_medium=feed">Streetwise Reports 05/21/2026</a> White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) releases results of Induced Polarization (IP) and other exploration on the Nolan Property in west-central Yukon.White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has released results of its Induced Polarization (IP) and resistivity ground geophysical programs conducted at the Guilder target on the Loonie Property and the Mt. Hart target on the Nolan Property, located in the White Gold District of west-central Yukon, <a href="https://whitegoldcorp.ca/news/2026/white-gold-corp-identifies-high-priority-copper-gold--multi-element-porphyry-and-epithermal-targets-at-guilder-and-mt-hart-targets-following-ip-geophysics-program" target="_blank" rel="noopener">according to a May 19 release</a>. These IP surveys were strategically carried out to probe beneath extensive multi-element soil geochemical anomalies and complex structural corridors that were identified through recent LiDAR and VLF-EM surveys, the release said. The survey results have successfully delineated multiple compelling, drill-ready chargeability anomalies, White Gold said. These anomalies demonstrate a strong spatial correlation with interpreted structural conduits and zones of magnetite-destructive alteration, as well as metal zonation patterns typical of porphyry and epithermal systems. These findings have prompted plans for follow-up programs, which include ground truthing, structural mapping, trenching, and most critically, the initiation of diamond core drilling. "The integration of our IP geophysics with our robust geochemical and structural datasets has fundamentally advanced our understanding of both the Guilder and Mt. Hart targets," Vice President of Exploration Dylan Langille said. "At Guilder, we are seeing deep chargeability features aligning perfectly with the NW-trending structural corridor that hosts our copper-gold soil anomaly, strongly mirroring a known porphyry system in the area. At Mt. Hart, the IP data has illuminated the structural architecture controlling the high-grade epithermal and porphyry-style signatures mapped at surface." Specifically, at the Mt. Hart target, anomalies DM-1 and DM-2 showed the most pronounced chargeability and resistivity contrasts under the areas with the most intense multi-element soil anomalies. These will be prioritized for immediate trenching and subsequent drilling, the company said. On the Guilder target at the Loonie property, two high-priority targets, IPDG-2 and IPDG-5, have been identified. These targets will be included in the company's previously announced plans to spin out critical mineral assets into W2 Critical Minerals Corp., a new exploration entity focused on critical minerals in the Yukon. "These results further underscore the significant discovery potential across our truly district-scale land package in this prolific district," White Gold Corp. Chief Executive Officer David D'Onofrio said. "Discovering and advancing early-stage exploration targets remains a core pillar of our exploration pipeline strategy, enabling White Gold to continuously generate new discoveries and drill targets while simultaneously advancing our advanced flagship White Gold Project, which ranks among Canada's highest-grade undeveloped open-pit gold deposits." He continued, "With an exceptional team in place, we are well positioned to continue to make new discoveries, grow our resources, and take them through the ongoing Maiden PEA and beyond." <h2 style="text-align: center;">Gearing Up for Largest Exploration Program Ever</h2> Looking ahead, White Gold Corp is gearing up for its largest exploration program in 2026, aimed at significantly expanding its high-grade gold resources and continuing to discover gold and critical minerals. The company also plans to deliver a maiden Preliminary Economic Assessment (PEA) for its flagship White Gold Project and advance environmental baseline studies to support future permitting and production decisions. Additionally, the completion of the W2 Critical Minerals Corp. transaction is anticipated, which will spin out significant critical mineral assets into a new publicly listed entity, providing White Gold shareholders with shares in this new venture. The exploration activities at White Gold Corp's Guilder and Mt. Hart targets have yielded promising results, highlighting significant potential for porphyry and epithermal mineralization. At the Guilder target on the Loonie Property, a comprehensive integration of various geophysical data sets has been conducted. Prior to 2025, the integration of 2024 VLF-EM data, detailed LiDAR structural interpretation, and ground magnetics helped identify the "Guilder Fault," a prominent structural corridor that is 275 meters wide and trends NW-SE. This corridor is characterized by a sharp magnetic contact that delineates different geological formations. An IP survey covering 23.6 line-kilometers was deployed to probe beneath this corridor, aiming to locate the buried porphyry source suggested by surface geochemistry, the release said. The survey successfully outlined three geophysical domains, with Domain DM-2 showing significant chargeability and conductivity coinciding with the Guilder Fault and the core of the copper-molybdenum soil anomaly. This domain is interpreted as a major structural conduit or alteration zone linked to a buried porphyry system. Two high-priority, drill-ready targets, IPDG-2 and IPDG-5, were identified, each presenting classic signatures indicative of a porphyry system. Meanwhile, the Mt. Hart target on the Nolan Property is underlain by the Late Cretaceous Prospector Mountain Intrusive Suite, with its emplacement controlled by the WNW-trending Mt. Hart thrust fault, the company said. The area is known for its extensive multi-element soil anomaly and structurally controlled mineralization occurring in NE-trending sheeted chalcopyrite-bearing shear veins. An IP survey spanning 32.2 line-kilometers was conducted to explore beneath the Carmacks Volcanics, which are thought to act as a cap rock for a deeper porphyry system. The survey illuminated the structural and alteration architecture at the surface, identifying 26 chargeability axes across five domains. Notably, two distinct mineralizing centers were confirmed: Enchantment Ridge and North Mt. Hart. Enchantment Ridge features strong, shallow chargeability anomalies that align with intense Au-As soil geochemistry, interpreted as the epithermal expression of a porphyry system. North Mt. Hart is characterized by deep chargeability anomalies associated with intense potassic alteration and a spectrum of anomalous multi-element geochemistry. Encouraged by these findings, White Gold said it plans to conduct extensive follow-up programs, including ground truthing, structural mapping, trenching, and, importantly, the initiation of diamond core drilling. The company also intends to expand geophysical survey programs across both properties to further define and explore other prospective targets. <h2 style="text-align: center;">Expert: Company Controls 40% of White Gold District</h2> According to 321gold.com's Bob Moriarty, "Led by the world-famous Shawn Ryan, the company controls about 40% of the White Gold district." Moriarty told Streetwise Reports that "with Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) as a 19% shareholder, it's pretty easy to suggest the company will be an early stage buyout target." Moriarty also noted the company has "one of the most qualified technical teams in Canada." The company plans a 25,000-meter fully funded drill program for 2026 with a PEA scheduled for H12026, he said. <a href="https://www.miningnewsnorth.com/story/2026/05/22/northern-neighbors/survey-reveals-new-targets-for-white-gold/9686.html" target="_blank" rel="noopener">A May 20 report by A.J. Roan for North of 60 Mining News</a> noted that White Gold's land package spans about 305,102 hectares across 21 properties in the White Gold District, including its flagship White Gold project roughly 95 kilometers south of Dawson City. "While the company has continued advancing its namesake gold project toward a maiden preliminary economic assessment, White Gold has also recently been building a separate pipeline of copper, molybdenum, tungsten, and other critical mineral targets across the same district-scale land package," Roan wrote. "That pipeline includes Guilder on the Loonie property and Mt. Hart on the Nolan property, two early-stage targets where previous soil sampling, mapping, geophysics, and structural work outlined broad multi-element anomalies and corridors prospective for porphyry and epithermal mineralization." Roan continued, "The company said its fully funded 2026 exploration program will be the largest in its history, aimed at increasing high-grade gold resources, advancing the maiden preliminary economic assessment at its flagship White Gold project, continuing environmental baseline studies, and completing the W2 Critical Minerals spin-out." <h2 style="text-align: center;">The Catalyst: Gold Faces Challenges, But Experts Are Optimistic</h2> The gold market is currently facing challenges in surpassing the US$4,500 per ounce mark as bond yields escalate due to increasing inflation concerns, <a href="https://www.kitco.com/news/article/2026-05-20/gold-price-struggling-now-analysts-say-looming-bond-crisis-could-change" target="_blank" rel="noopener">according to a report by Neils Christensen for Kitco News on May 20</a>. Analysts have pointed out that the rising yields on long-term bonds heighten the opportunity cost of holding gold, a non-yielding asset, making the environment tough for precious metals. Despite these challenges, spot gold recently saw a slight increase, trading at US$4,493.60 an ounce, up by 0.28%. Ole Hansen, the Head of Commodity Strategy at Saxo Bank, has noted that while gold maintains strong long-term fundamentals globally, investor focus remains on the immediate uncertainties. The ongoing conflict in the Middle East, particularly the war in Iran, which has led to the closure of the Strait of Hormuz, continues to disrupt global supply chains and drive commodity prices higher, with oil prices notably surpassing US$100 a barrel. "Higher energy prices feed directly into inflation and, by extension, government bond yields, while also lending support to the U.S. dollar," Hansen said, according to Christiansen. He added that this scenario creates a challenging environment for gold, as rising yields and a stronger dollar dampen its demand, complicating its typical role as a safe-haven asset. With 10-year bond yields reaching their highest since mid-January 2015 and 30-year bond yields climbing above 5% — the highest in two decades — analysts are beginning to question when these high yields might start to hinder economic activity. Hansen suggested in a note to Kitco News that gold could potentially thrive as a safe-haven asset if faith in the bond markets begins to wane.[OWNERSHIP_CHART-9581] However, he remarked, "The market is struggling to cope with more than one theme at a time. Right now, it's the higher oil price linked to inflation and yields that's in the driving seat, but a continued rise in yields may well end up being positive for gold given the fiscal debt worries it raises." On Sunday, JPMorgan revised its gold price forecast for 2026, lowering the expected average to US$5,243 per ounce from an earlier projection of US$5,708, <a href="https://www.mining.com/web/brokerages-stay-bullish-on-gold-price-despite-near-term-pressure/" target="_blank" rel="noopener">as reported by Reuters on May 19 and published by Mining.com</a>. This adjustment was primarily due to a noticeable decline in near-term demand, with investor interest waning significantly. JPMorgan analysts have observed this trend through various market indicators, noting in a recent report that COMEX aggregate gold futures open interest and volume have been subdued, net Managed Money futures open interest has remained at minimal levels, and there has been scant activity in ETF flows. This revision by JPMorgan came shortly after ANZ also reduced its year-end gold price target to US$5,600 on Friday, according to Reuters. ANZ attributed its adjustment to factors including rising inflation expectations, increasing yields, and a strengthening dollar, which are expected to continue placing downward pressure on gold prices. Despite these near-term headwinds, JPMorgan maintains a positive outlook for gold in the medium term. The bank anticipates that gold prices could climb to as high as US$6,000 per ounce by the end of 2026. This optimism is based on the expectation that demand for gold will rebound in the second half of the year as uncertainties surrounding energy and inflation start to ease, potentially sparking renewed interest from both investors and central banks. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders hold 17.46% of White Gold, institutions own 4.45%, and strategic entities hold 18.9%. The rest is retail. White Gold has a market cap of CA$425.37 million, 221.55 million shares outstanding, and a 52-week trading range of CA$0.25 – CA$2.38. <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=31254"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31254" width="0" height="0"> ( Companies Mentioned: WGO:TSX.V; WHGOF:OTCQX; 29W:FRA, ) Thu, 21 May 2026 00:00:00 PST Exploration Co. Secures POO Permit for Nevada Property https://www.streetwisereports.com/article/2026/05/21/exploration-co-secures-poo-permit-for-nevada-property.html Source: <a href="https://www.streetwisereports.com/article/2026/05/21/exploration-co-secures-poo-permit-for-nevada-property.html?utm_medium=feed">Streetwise Reports 05/21/2026</a> Star Gold Corp. (SRGZ:OTCQB) receives critical federal approval for its Longstreet gold and silver project, clearing a major step toward future production.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> announced the approval of its <a href="https://www.prnewswire.com/news-releases/star-gold-corp-secures-us-forest-service-approval-for-plan-of-operations-at-longstreet-property-advancing-pathway-to-production-permit-302778449.html" target="_blank" rel="noopener">plan of operations</a> (POO) for its Longstreet property from the U.S. Forest Service. The project is in Nye County, Nevada, and is comprised of 142 unpatented mining claims spanning 2,600 acres. The company will now advance the suite of technical studies required to support an Environmental Impact Statement (EIS). Lindsay Gorrill, CEO of Star Gold, commented on the approval: "Receiving Forest Service approval of our POO is a defining milestone for Star Gold. The POO establishes a clear, authorized pathway to the ultimate production permit at our Longstreet gold and silver project. With our recently completed financing in place to fund the approved POO work, we are well-positioned to execute and move through the EIS process and onto the permit application. Mining the Main Deposit remains our central objective for the coming months, and we now have the regulatory and financial foundation to pursue it." The project's approved scope of work <a href="https://www.prnewswire.com/news-releases/star-gold-corp-secures-us-forest-service-approval-for-plan-of-operations-at-longstreet-property-advancing-pathway-to-production-permit-302778449.html" target="_blank" rel="noopener">includes three interconnected programs</a>: <ol> <li>Hydrology and Water-Resource Assessment</li> </ol> Star Gold will drill the processing water source well and required monitoring wells to complete a full hydrogeologic baseline study. This work will establish baseline hydrology data, monitor water quality downgradient from the heap leach pad, and generate a formal water quality monitoring plan essential to the EIS. <ol start="2"> <li>Site Characterization for Heap Leach Pad Design</li> </ol> Systematic soil sampling at the proposed leach pad location will verify subsurface conditions to guide engineering design, stability analysis, and permitting documentation. Results will directly inform heap leach pad and pile design specifications. <ol start="3"> <li>Geology and Resource Assessment</li> </ol> A diamond drilling program targeting the Main Deposit will verify rock mass geology, support baseline geochemical testing, and refine gold and silver resource classifications. Data generated will enhance the geological model, update resource classifications, and provide the technical foundation for feasibility work. "The approved scope of work reflects the systematic, data-driven approach our team has taken from the outset," said Reines Sipols, the company's director of project management. "Each of the three workstreams — hydrology, site characterization, and resource drilling — is specifically designed to generate the technical data the USFS requires for EIS review. We have the team and the plan to execute these programs." Star Gold Corp. is a U.S.-based gold and silver exploration company developing assets along the proven Walker Lane Belt in Nevada. <h2 style="text-align: center;">Bullish Gold & Silver Dip</h2> <a href="https://www.kitco.com/news/article/2026-05-21/gold-tests-4500-oil-rebounds-iran-risk-kitco-am-report" target="_blank" rel="noopener">Kitco</a> reported gold and silver prices lowered in early U.S. trading on May 21, due to the continued conflict between the U.S. and Iran, which heated up as oil rebounded on renewed U.S.-Iran friction. The article said, "The Strait of Hormuz remains the main geopolitical channel into oil rates and precious metals. Wednesday's tanker movement through the strait reduced the immediate supply-risk premium, but that relief faded after Iran's supreme leader hardened Tehran's negotiating stance by ordering that enriched uranium remain inside the country." Spot gold was trading near US$4,512.90 an ounce, down 0.69%, while spot silver was trading near US$75.065, down 1.06% on the session. Others are more confident in gold's future. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today</a> reported that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Analysts Recommend High Price Targets</h2> 1In a March 6, 2026, contributed technical analyst opinion piece for Streetwise Reports,<a href="https://www.streetwisereports.com/article/2026/03/06/a-nevada-gold-project-in-the-shadow-of-one-of-americas-largest-mines.html?utm_medium=feed" target="_blank" rel="noopener"> John Newell of John Newell & Associates weighed in on Star Gold's stock</a>. He said, "The chart for Star Gold is beginning to show the kind of structure technicians often watch for after a long period of neglect. Following years of quiet trading during the junior mining bear market, the shares appear to have built a broad accumulation base. These long bases are important because they represent a gradual transfer of stock from discouraged holders into stronger hands willing to wait for the next cycle." [OWNERSHIP_CHART-6021] Newell argued that the stock has been largely ignored but has historically attracted strong buying interest during rallies, saying, "If the shares can establish a sustained move above the US$0.18 level, the chart begins to suggest a potential advance toward the US$0.40 area, which represents the next logical technical objective based on the stock's historical trading structure." 2In a separate 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 it ". . . 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;">A Busy Q2 2026 Planned</h2> In Q2 2026, Star Gold will be finishing up water wells for the mining site, designing the leach pad site, and beginning additional drilling on the Main resource site. The final permit to begin production is expected in Q3 or Q4 of 2027. <h2 style="text-align: center;">Ownership & Share Information3</h2> Star Gold Corp. has a market cap of CA$25.69 million, with 191.7 million shares outstanding. The company's 52-week range is CA$0.007-CA$0.20. Insiders and Management own 20.94% of shares, while Strategic Investors own 27.03%. The remaining 52.03% of shares are held by Retail. <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:Important Disclosures <ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 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> 1. Disclosure for the quote from the John Newell article published on March 6, 2026 <ol> <li>For the quoted article (published on March 6, 2026), Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</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. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol> <li>For the quoted article (published on April 27, 2026), Star Gold Corp. 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> 3. 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=31253"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31253" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) Thu, 21 May 2026 00:00:00 PST Gold Intercepts Stretch Deep as Ontario Drill Program Passes 75% Completion https://www.streetwisereports.com/article/2026/05/26/gold-intercepts-stretch-deep-as-ontario-drill-program-passes-75-completion.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/gold-intercepts-stretch-deep-as-ontario-drill-program-passes-75-completion.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) reported additional drilling results from its Goliath Gold Complex, including 15.21 g/t gold over 20.1 meters.<a href="https://www.streetwisereports.com/pub/co/1961?utm_medium=feed" target="_blank" rel="noopener">NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE)</a> reported <a href="https://nexgold.com/nexgold-reports-additional-broad-high-grade-gold-drill-intercepts-at-goldlund-supporting-mineral-resource-continuity-and-expansion-potential/" target="_blank" rel="noopener">additional results from its ongoing diamond drilling program at the Goliath Gold Complex in northwestern Ontario, which includes the Goliath, Goldlund, and Miller deposits. </a>The current drilling campaign is focused on infilling and potentially expanding open-pit Mineral Resources at the Goldlund Deposit. According to the company, approximately 19,000 meters of the planned 25,000-meter program has been completed. The results announced covered 5,816 meters of drilling from 14 drill holes, identified as GL-26-006 through GL-26-008 and GL-26-010 through GL-26-019B. These holes targeted Zone 4 mineralization from near the center to the northeastern portion of the open-pit Mineral Resource area. Among the highlighted intercepts, drill hole GL-26-007 returned 15.21 g/t gold over 20.1 meters, including 497.00 g/t gold over 0.5 meter and 50.10 g/t gold over 1.0 meter. Drill hole GL-26-014 returned 5.11 g/t gold over 21.8 meters, including 159.00 g/t gold over 0.5 meter and 13.40 g/t gold over 0.6 meter. Additional reported intervals included 4.51 g/t gold over 21.9 meters in drill hole GL-26-012, 2.12 g/t gold over 16.0 meters in drill hole GL-26-016, and 1.34 g/t gold over 30.0 meters in drill hole GL-26-011. The company stated that the new drill results were located in the same general Zone 4 area where previous drill intersections were reported on February 2, 2026, including 3.31 g/t gold over 20.0 meters in drill hole GL-25-003 and 7.59 g/t gold over 9.0 meters in drill hole GL-25-002. <a href="https://nexgold.com/nexgold-reports-additional-broad-high-grade-gold-drill-intercepts-at-goldlund-supporting-mineral-resource-continuity-and-expansion-potential/" target="_blank" rel="noopener">Kevin Bullock, President and CEO of NexGold, said in a company news release:</a> "Our infill drilling program at the Goliath Gold Complex (Goldlund Deposit) continues to deliver positive results, supporting the interpretation of mineralized continuity within Zone 4, including at depths approaching the base of the current open pit Mineral Resource." Bullock added: "The drill program is ongoing, with more than 75% of the planned work completed, and we look forward to updating the market with additional results." The company said mineralization at Goldlund is generally characterized by quartz stockwork veining within sub-vertical granodiorite sills. Zone 4 includes broad intervals of mineralized intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. NexGold stated that the results, together with previously reported drilling, are expected to contribute to ongoing refinement of the geological model and may support future evaluation of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies. <h2 style="text-align: center;" data-start="0" data-end="74">Debt, Monetary Trends, and Gold Market Positioning</h2> <a href="https://www.theflyingfrisby.com/p/even-the-economist-thinks-gold-matters?utm_source=post-email-title&publication_id=741404&post_id=197969153&utm_campaign=email-post-title&isFreemail=true&r=2k0gk7&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">According to a May 17 commentary from Dominic Frisby,</a> perceptions around gold within mainstream financial discussions appeared to be changing. Frisby wrote that gold investors and "hard money obsessives" had historically been viewed as "harmless eccentrics" or "outright lunatics" by parts of the financial press, despite both gold and bitcoin reaching new highs. He highlighted a shift in tone after citing a review stating that "Gold still matters a lot." Frisby wrote that moving from descriptions such as a "barbarous relic" to broader acceptance represented "a significant development." <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051926.html" target="_blank" rel="noopener">Stewart Thomson wrote on May 19 that commodity markets remained tied to broader structural economic themes.</a> Thomson stated that a "40-year commodities, inflation, and interest rate super cycle began in 2020" and argued that it was driven by "a major mismatch of demand and supply." Referencing comments by Jeff Currie, Thomson wrote that long-term market pressures stemmed from "a combination of outrageous global government debt and the rise from poverty of billions of Asian and African citizens." In the same report, Thomson discussed gold's role during periods of economic stress and debt concerns. He wrote that "There’s a breaking point where money managers no longer sell gold because it pays no interest in the West... and they begin buying gold because they realize global governments are losing the ability to pay what they owe." Thomson also stated that "What lies ahead is basically the 1970s on steroids, but as noted, patience is required and... patience is golden!" Additional commentary on May 19 focused on monetary conditions and debt markets. <a href="https://vongreyerz.gold/golds-clarity-in-a-twilight-zone-world?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz--KnN0SuLzWKSAUfe6do2zrbbfOA9eTcH-x1rmyuXZcsXNMhA19pPaoKH02vCWZi57z2kcevTCxX0w0YXNsCZKLG69XNTskarFRjW76kyIAtD8FRic&_hsmi=136209042&utm_content=136209042&utm_source=hs_email" target="_blank" rel="noopener">According to Matthew Piepenburg of Von Greyerz, </a>"Global yields are rising because global trust in over-indebted IOUs is tanking at a dangerous pace." Piepenburg argued that rising borrowing costs and debt burdens were affecting currency markets and wrote that "This trend of fiat currency destruction explains the unprecedented, exponential rise in gold prices in recent years." Piepenburg also addressed gold's market behavior during periods of geopolitical uncertainty. While discussing early-year price movements, he stated that gold, as "the most valuable and liquid asset in times of crisis," had been "signaling its growing prominence in a changing monetary system." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:234e7102-4eed-467e-ac38-855f6d8d80b3-1" 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:234e7102-4eed-467e-ac38-855f6d8d80b3-1" data-turn-id-container="request-WEB:234e7102-4eed-467e-ac38-855f6d8d80b3-1" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="f1fa92a1-fa50-49e8-ab2c-189a0bf344fb" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="qzovbs" data-start="0" data-end="94">Analysts Reviewed Permitting Milestones, Financing Transactions, and Development Schedules</h2> <a href="https://www.streetwisereports.com/article/2026/01/22/in-2026-gold-co-aims-to-move-flagship-project-to-construction.html?utm_medium=feed" target="_blank" rel="noopener">In a January 27 research report, Red Cloud Securities analyst Ron Stewart outlined several development activities anticipated for NexGold Mining Corp. during 2026</a>. These included an updated mineral resource estimate, a revised feasibility study, project financing initiatives, and a final investment decision related to the Goldboro project. Stewart wrote, "Goldboro will be the first cab off the rank, with Goliath to follow." The report also summarized activities completed during 2025. According to Stewart, NexGold advanced Goldboro through federal and provincial permitting processes, completed infill drilling work, and carried out additional drilling programs at Goliath. Stewart also detailed several financial transactions completed by the company, including repayment of a US$12 million debt facility, the repurchase of a net smelter returns royalty, the sale of a 2.9% royalty for US$24 million with an option to repurchase 1.9% within four years, and a bought-deal equity financing totaling CA$112.5 million. Red Cloud's Goldboro model estimated total production of 1.2 million ounces across an 11.3-year mine life, with an after-tax net present value discounted at 5% of CA$854 million and an internal rate of return of 52.7%. Stewart maintained a Buy rating and CA$4.30 target price at the time, noting the valuation included the Goldboro, Goliath, and Niblack projects. The report stated the shares were trading at approximately CA$1.78. Additional analyst coverage followed in the months afterward. On February 27, Stewart reiterated his Buy rating and issued a CA$4.20 target price. On March 26, National Bank Financial analyst Alex Terentiew initiated coverage with a Buy rating and a CA$6.00 target price. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="168rdm" data-start="2760" data-end="2826">Development and Exploration Activities Continue Across Goliath</h2> <a href="https://nexgold.com/wp-content/uploads/2026/05/NEXG-Corporate-Presentation-May-2026.pdf" target="_blank" rel="noopener">According to NexGold's May 2026 investor presentation, </a>the company outlined additional activities underway at the Goliath Gold Complex as part of its 2026 development plans. [OWNERSHIP_CHART-1961] The company stated it is conducting a 25,000-meter infill drilling program at Goldlund designed to improve mineral resource definition at depth and expand open-pit mineral resources. NexGold also outlined additional exploration intended to discover and grow mineral resources across the broader property package. The investor presentation stated that environmental baseline and technical studies are being completed to support permitting efforts in collaboration with First Nations communities and local stakeholders. The company also noted it is evaluating several potential project plans and configurations as part of efforts to advance and de-risk the Goliath Gold Complex. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders own 2% of NexGold. Institutions and strategic investors, including Frank Giustra, who holds 5%, collectively own 66% of the company's shares. As of May 8, NexGold has 247.8 million shares issued and outstanding, with a market cap of CA$354.35 million. <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>NexGold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 NexGold.</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=31249"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31249" width="0" height="0"> ( Companies Mentioned: NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE, ) Tue, 26 May 2026 00:00:00 PST Gold Developer Advances Imwelo Mine Toward Production in Tanzania https://www.streetwisereports.com/article/2026/05/20/gold-developer-advances-imwelo-mine-toward-production-in-tanzania.html Source: <a href="https://www.streetwisereports.com/article/2026/05/20/gold-developer-advances-imwelo-mine-toward-production-in-tanzania.html?utm_medium=feed">Streetwise Reports 05/20/2026</a> Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announces the closure of the second tranche of its non-brokered private placement of unsecured convertible debentures.<a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE)</a> announced the successful closure of the second tranche of its non-brokered private placement of unsecured convertible debentures, raising gross proceeds of CA$300,000, <a href="https://lakevictoriagold.com/lake-victoria-gold-closes-second-tranche-and-upsizes-convertible-debenture-financing-to-5-million-as-imwelo-development-activities-advance/" target="_blank" rel="noopener">according to a May 20 release</a>. This latest tranche brings the total aggregate gross proceeds from the financing to CA$3,834,200. Due to robust investor interest, the company said it is planning to expand the size of the Private Placement to potentially reach up to CA$5,000,000, pending approval from the TSX Venture Exchange and the finalization of additional subscriptions. The funds raised through the placement are earmarked for ongoing development efforts at the company’s fully permitted Imwelo Gold Project in Tanzania, the release said. These funds will support various activities including engineering, mine planning, infrastructure preparation, and field programs that are currently active at the site. "The continued support for this financing reflects growing confidence in Imwelo and our broader development strategy in Tanzania," Chief Executive Officer and Director Marc Cernovitch said. "Importantly, site activities are now actively underway, with sterilization drilling having commenced on May 12 in support of final infrastructure placement and detailed site engineering. With drilling and multiple technical workstreams progressing in parallel, we continue to advance Imwelo toward construction readiness while maintaining our focus on a disciplined pathway toward near-term gold production." <h2 style="text-align: center;">Co. Moving Forward With Several Strategic Initiatives</h2> The sterilization drilling program is part of the preparations for finalizing the infrastructure layout and detailed site planning for essential project components such as plant facilities, waste rock areas, haul roads, and additional surface structures. The drilling efforts are unfolding as planned, with eight out of the 21 boreholes already completed, which constitutes about 39% of the entire program, the company noted. So far, 411 meters have been drilled, with a target of reaching 1,050 meters. The drilling activities are expected to continue into early June, aiming to enhance the final placement of infrastructure, optimize site layout, support detailed engineering and mining operations, finalize pit design and scheduling, and aid ongoing geotechnical and development studies. Simultaneously, Lake Victoria Gold is moving forward with several strategic initiatives including the proposed Monetary Metals gold loan facility, procurement planning, and development sequencing to meet its short-term construction goals at Imwelo. Regarding its financial instruments, each Debenture issued by the company carries a 5% annual interest, payable semi-annually, and is set to mature 36 months from the issuance date. These Debentures are unsecured, ranking equally with other unsecured debts and are subordinate only to any secured debts that may exist now or in the future. Holders of these Debentures have the option to convert their holdings into common shares of the company at a conversion price of CA$0.30 per share at any time before the maturity date, with adjustments as standard. In a recent development, investors in the second tranche of the Private Placement were granted warrants to purchase up to 499,997 common shares, equivalent to 50% of the shares that could be obtained through the conversion of the Debentures, at a price of CA$0.40 per share over a 36-month period. To date, the company has issued a total of 6,390,324 warrants through the first and second tranches of the Private Placement. All securities issued in this placement are bound by a statutory hold period of four months and one day, as per Canadian securities regulations. Additionally, a finder's fee of CA$6,000 was paid to an independent finder for the second tranche of the placement, which is still awaiting final approval from the Exchange, the company said. <h2 style="text-align: center;">Drilling Will Shape Site Layout, Analyst Says</h2> In a detailed analysis dated May 6, Atrium Analyst Ben Pirie highlighted the critical role of the ongoing sterilization drilling program. "For context, sterilization drilling is a standard pre-construction step designed to confirm that planned facilities are not located over potentially mineralized material, ensuring infrastructure is optimally positioned and avoiding sterilization of any near-surface ounces," Pirie said. He pointed out that the outcomes of this three-week drilling endeavor would significantly shape the final site layout, engineering design, and the sequence of development. Alongside the drilling, LVG is vigorously pursuing other essential pre-construction tasks such as finalizing the pit design, planning and scheduling the mine, conducting geotechnical and engineering assessments, analyzing slope stability, and advancing roadwork and site preparations. These activities are pivotal for the forthcoming construction phase. Financially, LVG has increased its non-brokered convertible debenture financing from CA$3 million to CA$3.8 million due to strong investor interest, adjusting the conversion price to CA$0.30 per share. This financial maneuver coincides with the announcement of a US$25 million gold loan facility from Monetary Metals. Additionally, LVG is implementing mandatory conversion rights on its 2024 debentures, converting the remaining CA$217,000 outstanding into shares at CA$0.18 per share. These financial strategies aim to bolster LVG’s balance sheet and enhance its flexibility as it approaches the construction stage at Imwelo. Looking ahead, Pirie identified several key catalysts for LVG, including ongoing progress and drilling results from the Tembo Project in collaboration with Barrick, and the anticipated start of construction at Imwelo between the second and third quarters of 2026. He reaffirmed Atrium's Buy rating on LVG with a target price of CA$0.50, indicating a potential return of 79% at the time of the analysis. In a separate note dated April 2, Analyst Alina Islam from Red Cloud Securities discussed the financial strategy behind the Imwelo project, designed to minimize shareholder dilution while securing substantial and largely non-dilutive capital for the project's advancement. Despite its modest size with an expected steady state production of 24,000 ounces of gold annually, Imwelo holds strategic importance within the Lake Victoria Goldfield in Tanzania, according to Islam. She speculated that future cash flow from Imwelo could potentially support and enhance the company's Tembo project, which shares geological similarities with Barrick's 150,000 oz Au/yr Bulyanhulu mine. Islam also mentioned that the management is actively engaged in detailed negotiations with Nyati Resources (Private) regarding potential toll milling opportunities at Nyati’s CIP plant, located on Lake Victoria's claims. The Imwelo project, fully licensed for construction and production and situated just 12 kilometers west of AngloGold Ashanti's Geita mine, boasts a 10-year mining license. Recent evaluations have shown gold recoveries as high as 97% using a standard gravity + CIL processing technique. While Red Cloud Securities currently does not assign a rating or target price to the stock, Islam emphasized that operational advancements at Imwelo and exploration successes at the Tembo project could significantly influence the company's stock price, suggesting that "advancing Imwelo towards a start-up to generate cash flow, and successful exploration at the Tembo project, should drive the stock price." <h2 style="text-align: center;">The Catalyst: Gold Stabilizes on Optimistic War Outlook</h2> On Wednesday, gold prices saw a modest increase, influenced by the optimistic outlook for a resolution to the conflict with Iran, which eased some concerns about inflation and led to a decrease in U.S. Treasury yields from their recent peaks, <a href="https://www.cnbc.com/2026/05/20/gold-steadies-as-high-treasury-yields-offset-mideast-peace-hopes.html" target="_blank" rel="noopener">Reuters reported in a piece published on CNBC May 20</a>. The price of spot gold rose by 0.4% to US$4,499.72 per ounce after dropping to its lowest level in over seven weeks earlier in the day. Meanwhile, U.S. gold futures for June delivery decreased slightly by 0.2% to US$4,502.10. David Meger, the director of metals trading at High Ridge Futures, commented on the market dynamics, stating, "We've seen a reprieve from the continued increase in yields. So as a result, we've seen gold prices bounce off the recent lows." This comment came after the yield on the benchmark 10-year U.S. Treasury note declined following its reach to the highest level since January 2025 the previous day. The rise in Treasury yields generally heightens the opportunity cost of holding gold, which does not yield any interest. Meger further elaborated on the potential impacts of geopolitical developments on the gold market. He noted, "Any type of resolution to the war or opening of the Strait of Hormuz would be a positive for the gold market in so much as the expectation would be that interest rates would decline, and hence that would be opportunistic or helpful to the gold market." Despite a statement from U.S. President Donald Trump suggesting that the conflict with Iran could end "very quickly," the market remained cautious. The ongoing disruptions to Middle Eastern oil supply continue to pose risks, as higher fuel costs can lead to increased inflation, prompting central banks to maintain higher interest rates. Gold, often seen as a hedge against inflation, typically underperforms in environments where interest rates are high. Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. [OWNERSHIP_CHART-11073] Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year. Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt. Despite recent pressures on gold prices due to rising bond yields, inflation concerns, and a stronger dollar, brokerages maintain a positive long-term outlook for the precious metal. However, in the near term, several financial institutions have revised their gold price forecasts downward due to a decrease in investor demand and heightened expectations for interest rates. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Approximately 28% is owned by management and insiders, institutions hold 15%, and strategic corporate investors (including Barrick Mining Corp. and the TAIFA Group) own 23%. The remainder is retail. Top shareholders include AIMS Asset Management with 9.5%, Rostam Aziz with 8.02%, Simon Charles Benstead with 7.21%, Concept Capital Management Ltd. with 5.71%, and Walter David Scott with 3.01%. The company's market cap is CA$56.86 million. It has 199.5 million shares outstanding, according to the company, and trades in a 52-week range of CA$0.16 to CA$0.36. <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>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</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 Lake Victoria Gold 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=31244"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31244" width="0" height="0"> ( Companies Mentioned: LVG:TSX; LVGLF:OTCQB; E1K:FSE, ) Wed, 20 May 2026 00:00:00 PST Mexico Mining Co. Reports Strong EBITDA Growth https://www.streetwisereports.com/article/2026/05/22/mexico-mining-co-reports-strong-ebitda-growth.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/mexico-mining-co-reports-strong-ebitda-growth.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) generated US$3.5M in operating cash flow as Mexico silver operations ramp up and production expansion advances.On May 19, 2026, Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) released <a href="https://www.stockwatch.com/News/Item/U-297923-U!SMDRF-20260519/U/SMDRF" target="_blank" rel="noopener">Q1 2026 financial and operational results</a>, with over 120,000 ounces of silver equivalent ounces sold by March 31. Financial result highlights are as follows: <ul> <li>Gross silver ("Ag") revenues for the quarter totaled US$5.9 million (US$85.14 per ounce) and gold ("Au") revenues totaled US$5.1 million (US$4,906 per ounce). Silver revenues for the quarter ended March 31, 2025 ("Q1 2025") totaled US$2.3 million (US$31.13 per ounce) and gold revenues totaled $2.9 million (US$2,828 per ounce).</li> <li>In Q1 2026, the company sold 69,006 ounces of silver and 1,038 ounces of gold or 128,827 silver equivalent ("AgEq") ounces, based on the ratio of silver and gold prices realized for each shipment in the quarter. This compares to 75,137 ounces of Ag and 1,022 ounces of Au or 165,093 AgEq ounces sold in Q1 2025.</li> <li>Cash costs for the quarter were US$42.55 per AgEq ounce produced, as compared to US$33.63 per AgEq ounce produced in Q4 2025 and US$22.51 in Q1 2025 due to a number of factors, including the ramp up of operations at Coloso and Nazareno and inflationary pressures on input costs.</li> <li>Adjusted EBITDA of US$2.8 million for Q1 2026 compared to US$1.1 million for Q1 2025.</li> <li>The company generated US$3.5 million of cash from operating activities in Q1 2026 as compared to US$729,000 in Q1 2025.</li> <li>Gross profit was US$3.61 million for Q1 2026, as compared to US$1.36 million for Q1 2025.</li> <li>Cash and cash equivalents and short-term investments at March 31, 2026, totaled US$13.2 million, and working capital totaled US$14.4 million.</li> <li>On February 6, 2026, the Company made a principal payment of US$2.5 million on the US$5 million senior secured project financing loan with First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE). </li> </ul> Ramp-up and development activities at Coloso and Nazareno weighed significantly on Q1 2026 costs. Sierra Madre said in the release that, "Gold and silver recovery declines stemmed from feed blend optimization across the three mines, further pressuring costs. Additional headwinds included higher pay rates and a ~29% expansion of La Guitarra's staff base ahead of the planned expansion; elevated commodity prices driving higher mine royalty payments and production taxes; a strengthening Mexican peso increasing the cost of peso-denominated operating expenses; and broader inflationary pressures — all of which contributed to quarterly cost performance." Another aspect was the company's pending acquisition of the Del Toro silver mine from First Majestic, which subsequently closed in escrow for gross proceeds of CA$57.5 million. Regarding Q1 2026 operational results, highlights are as follows: <ul> <li>The Company milled 41,699 tonnes of material, with silver recoveries averaging 71.98% and gold recoveries averaging 71.61%. In Q1 2025, the company milled 39,167 tonnes of material, with silver recoveries averaging 79.21% and gold recoveries averaging 78.77%.</li> <li>Sierra Madre produced 58,506 ounces of silver and 932 ounces of gold in Q1 2026, compared to production of 70,176 ounces of silver and 1,001 ounces of gold in Q1 2025.</li> <li>Over 750 meters of development were completed in Q1 2026, compared to 775.70 meters in Q1 2025.</li> <li>Mining restarted at the higher-grade Coloso underground mine at the end of Q1 2025. In <a href="https://api.newsfilecorp.com/redirect/qpk7QHKO3p" target="_blank" rel="noopener">September 2025</a>, Sierra Madre also announced the restart of mining at the Nazareno mine. The Company is focused on ramping up operations at Coloso and Nazareno ahead of the increased plant throughput levels anticipated upon completion of Phase I of the Guitarra expansion.</li> <li>On <a href="https://api.newsfilecorp.com/redirect/7n52MCMyjD" target="_blank" rel="noopener">October 23, 2025</a>, the Company announced the start of a US$3.5 million exploration program at the East District of the Guitarra mine complex. Upon completion of mapping, sampling and drill target delineation, a 30,000-metre drill program would then be undertaken to further assess the targets' economic potential. Drill permit preparation is underway and drilling is expected to start in H2 2026. Sierra Madre is also sourcing a large core rig for drilling long sub-horizontal holes from the fully permitted, mining-designated Tlacotal area.</li> </ul> Sierra Madre's CEO said in the release, "Our Q1 revenues of US$10.1 million are a record for the Company. With a steady production base, Sierra Madre leveraged the effects of rising commodity prices. We are on solid footing heading into the rest of 2026. Head grades are anticipated to improve as Coloso and Nazareno mines continue to ramp up. We have purchased haul trucks, scoop trams, and invested in backup generators to reduce operating costs and sustain production continuity. The Guitarra plant capacity expansion is anticipated to be completed by the end of Q2 2026 and is expected to increase throughputs by over 50% from current levels. We expect these initiatives to materially increase production while reducing unit costs." Sierra Madre Gold and Silver Ltd. is a metals development, extraction, and exploration company focused on the Guitarra mine in the Temascaltepec mining district in Mexico. <h2 style="text-align: center;">Metals Sectors Moving Through Political Turmoil</h2> As of the morning of May 20, 2026, spot gold was trading at US$4,503.70 per ounce, while spot silver was trading at US$75.67 per ounce. This marks a rise from yesterday. <a href="https://www.kitco.com/news/article/2026-05-20/gold-silver-rebound-yields-ease-hormuz-risk-premium-narrows-kitco-am-report" target="_blank" rel="noopener">Kitco</a> reported, "<a href="https://www.kitco.com/charts/gold" target="_blank" rel="noopener">Gold</a> and <a href="https://www.kitco.com/charts/silver" target="_blank" rel="noopener">silver</a> are still trading inside the rate-shock zone created by last week’s inflation sequence, but Wednesday’s early tone is less disorderly than Tuesday’s selloff. The 10-year Treasury yield slipped to around 4.64%, down 2.7 basis points, after testing its highest level since January 2025, while the 30-year yield eased after touching its highest level since 2007." As has been the case for the past several weeks, tensions between the U.S. and Iran, along with President Trump's flip-flopping peace talk narratives, have kept investors nervous and the metals markets sliding up and down. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Sierra Madre "Knocked It Out of the Park"</h2> In a May 19, 2026, article for <a href="https://thegoldadvisor.com/silver-advisor/newsletters/sierra-madre-3/" target="_blank" rel="noopener">The Gold Advisor, senior analyst Ted Butler</a> said, " Sierra Madre may as well be swinging a baseball bat, as it’s knocked it out of the park with its Q1 2026 financial results." While some investors may be wary of the company's rising cash costs, Butler assuaged their fears. "Admittedly, cash costs also rose to US$42.55 per AgEq ounce produced, up from US$33.63 in Q4 2025, reflecting ramp-up costs at Coloso and Nazareno and broader inflationary pressures. However, management notes that improved head grades are expected through the remainder of 2026 as higher-grade in-resource material is processed, with unit costs expected to fall in turn," he wrote. "I have recently upgraded to an overweight position in Sierra Madre, grounded in my belief that management will meaningfully scale up silver production in the coming months. Peter continues to hold a full weighting in the stock," said Butler. [OWNERSHIP_CHART-10135] <h2 style="text-align: center;">Catalysts for 2026</h2> The first phase of the company's La Guitarra capacity expansion project is on schedule to be completed by the end of Q2 2026. As per the press release, "As announced on <a href="https://api.newsfilecorp.com/redirect/RYrXySOnBp">September 8, 2025</a>, the company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase the nameplate capacity of the mill from 500 tonnes per day ("tpd") to a range of 750-800 tpd. The second phase is anticipated to be completed by Q3 2027, with the aim of increasing the capacity to a range of 1,200-1,500 tpd at Guitarra." Langer said, "We are also looking forward to closing the Del Toro mine acquisition and preparing for exploration in the East District of the La Guitarra Mine Complex, with over 30,000 meters of drilling planned to start in H2 2026." <h2 style="text-align: center;">Ownership & Share Information1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$371.86 million, with 196.75 million shares outstanding. The company's 52-week range is CA$0.57-CA$3.25. Institutions own 33.6% of shares, while Strategic Investors own 26.21%. Management & Founders own 24.3%, and the remaining 15.89% of shares are held by Retail. <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 Silver and Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 Sierra Madre Silver and Gold Ltd. and First Majestic Silver 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=31243"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31243" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Fri, 22 May 2026 00:00:00 PST Copper Hits Run Deep as Chile Drill Program Delivers 78 Meters at 1.70% https://www.streetwisereports.com/article/2026/05/15/copper-hits-run-deep-as-chile-drill-program-delivers-78-meters-at-1-70.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/copper-hits-run-deep-as-chile-drill-program-delivers-78-meters-at-1-70.html?utm_medium=feed">Streetwise Reports 05/15/2026</a> Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) reported new drilling results from Buen Retiro in Chile, highlighted by 78.0 meters grading 1.70% copper.<a href="https://www.streetwisereports.com/pub/co/10000?utm_medium=feed" target="_blank" rel="noopener">Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)</a> reported <a href="https://fitzroyminerals.com/news-releases/fitzroy-minerals-intersects-78.0-m-at-1.70-cu-from-58.0-m-including-40.0-m-at-3.02-cu-from-92.0-m-at-the-buen-retiro-copper/" target="_blank" rel="noopener">drilling and geophysical survey updates from the Buen Retiro Copper Project in Copiapó, Chile, including results from seven resource definition drill holes in the Southwest Area and findings from its Ambient Noise Tomography (ANT) survey.</a> The company said drill hole BRT-DDH059 returned 78.0 meters grading 1.70% copper from 58.0 meters, including 40.0 meters grading 3.02% copper from 92.0 meters. Drill hole BRT-DDH058 returned 75.0 meters grading 0.82% copper from 9.0 meters, including 8.0 meters grading 3.77% copper from 12.0 meters. The company stated that it has completed 39 drill holes totaling 6,885 meters since February 2026, consisting of 35 infill drill holes and four geotechnical holes. Fitzroy said the twin-rig program designed to define mineralization for a maiden mineral resource estimate in the Southwest Area is nearing its final stage. One rig remains focused on geotechnical work for the proposed pit area, while another has been assigned to shallow drilling in the Southwest Area and historical pit. <a href="https://fitzroyminerals.com/news-releases/fitzroy-minerals-intersects-78.0-m-at-1.70-cu-from-58.0-m-including-40.0-m-at-3.02-cu-from-92.0-m-at-the-buen-retiro-copper/" target="_blank" rel="noopener">Merlin Marr-Johnson, President and CEO of Fitzroy, said in a company news release: </a>"Fitzroy continues to intersect good grades close to surface at Buen Retiro, underscored by the drill intercept of 78 meters at 1.70% copper in drill hole 59." The company also reported results from Fleet Space Technologies' passive seismic ANT survey. According to Fitzroy, the survey confirmed the architecture of the project's main geological structures and identified interpreted alteration and brecciation zones at depths of one to two kilometers over an area measuring approximately 5 kilometers by 5 kilometers. A detailed infill survey spanning 2 kilometers by 3 kilometers is underway. Fitzroy stated that laboratory turnaround times continue to be slow. Results from seven drill holes were reported in this update, while assay results from an additional 24 drill holes remain pending and are expected to be released on a rolling monthly basis. <a href="https://fitzroyminerals.com/site/assets/files/5967/260515_ftz_may_final.pdf" target="_blank" rel="noopener">Additional project information was outlined in the company's May presentation materials</a>. <h2 style="text-align: center;" data-start="0" data-end="65">Copper Sector Continued to Draw Attention Despite Macro Pressures</h2> <a href="https://stockhead.com.au/resources/ten-bagger-despite-headwinds-copper-is-again-proving-its-metal/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-05-14-2026&utm_content=httpsstockheadcomauresourcestenbaggerdespiteheadwindscopperisagainprovingitsmetal&utm_medium=email&utm_campaign=CB%20NL%20May%2014&utm_content=CB%20NL%20May%2014+CID_ba39723ed48517e5d5d2e53ab23a9961&utm_source=Campaign%20Monitor&utm_term=Ten%20Bagger%20Despite%20headwinds%20copper%20is%20again%20proving%20its%20metal" target="_blank" rel="noopener">According to a May 14 report from Stockhead, copper prices climbed above US$14,000 per tonne to a record high on the London Metals Exchange,</a> even as broader market conditions reflected concerns around inflation, oil prices, and global growth. The report noted that inventories in London Metal Exchange warehouses had risen above 400,000 tonnes for the first time since 2013, creating what it described as "a massive contradiction hanging over the sector." Stockhead cited JP Morgan head of base and precious metals strategy Gregory Shearer, who wrote on April 24 that, "Despite the more supportive swing in Chinese fundamentals, bearish macro risks should continue to dominate in copper as long as energy prices remain on the rise in the near term, calling into question the extent of potential demand destruction." Shearer also noted that "each 1% fall in global GDP typically corresponds to a 1.2% hit in copper prices." At the same time, Lowell Resources Fund chief investment officer John Forwood discussed supply and inventory conditions that differed from surface market readings. According to the May report, Forwood said, "I think it is mainly a spike in demand, so it's pretty interesting." He also noted, "The visible copper inventaries on the exchange warehouses hit at least 12 year highs a month to six weeks ago. Now those are starting to come off." The report stated that some warehouse inventory represented bonded material held in storage rather than material readily available to buyers. Stockhead also reported that supply conditions had drawn attention because "20% of world copper supply comes from SX-EW (solvent extraction and electrowinning), which requires sulphuric acid, which has been impacted by the closure of the Strait of Hormuz." The publication further cited Forwood, who said, "When you dig a bit deeper, you can see the reasons why copper is (being) a little bit … counter-intuitive given the concerns about inflation and possible recession flowing on from that." <a href="https://www.kitco.com/news/article/2026-05-18/gold-silver-prices-firmer-gains-remains-capped-higher-oil-prices-strait?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=e8f65aab60-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-e8f65aab60-606677560" target="_blank" rel="noopener">According to a May 18 report from Kitco NewsWire, broader commodity and market conditions remained shaped by higher oil prices</a>, elevated Treasury yields, and U.S.-Iran tension around the Strait of Hormuz. The report stated that "global markets were defensive overnight," while WTI crude traded around US$101.77 a barrel and Brent crude was near US$110.05. Kitco also reported that the U.S. dollar index was near 99 after touching a six-week high, while the yield on the benchmark 10-year U.S. Treasury note traded near 4.6%. Additional commentary on May 18 reflected continued interest in the broader copper market. Chen Lin of the What's Chen Buying? What's Chen Selling? Newsletter wrote that, "I also added copper futures. I believe the breakout of copper is for real." He added that "after an initial breakout, it is not unusual to retest the breakout point," while describing current trading activity as a retracement following the earlier move. <h2 style="text-align: center;" data-start="0" data-end="68">Copper Commentary Focused on Exploration Targets and Market Strength</h2> <a href="https://www.streetwisereports.com/article/2026/05/04/the-bubble-is-back.html?utm_medium=feed" target="_blank" rel="noopener">In a May 4 contributed opinion, Michael Ballanger of GGM Advisory Inc. discussed copper market conditions and wrote</a> that "I see no evidence of any disruption in the copper bull whatsoever, and continue to accumulate copper juniors with advanced exploration projects and established resources." Ballanger also stated that copper had "been grinding higher since it put in its low around CA$5.23 back in early February." The same commentary discussed recent project developments and referenced a "5 km. wide anomaly" identified through a helicopter-borne MobileMT airborne electromagnetic and magnetic survey. Ballanger wrote that the significance of an upcoming deep induced polarization survey had been explained by management, with the assumption that the anomaly would carry "'chargeability,' which is a characteristic of sulphides associated with porphyry copper deposits." Ballanger also quoted commentary from an email alert regarding the survey process, writing: "I realize that this is a lot of information to absorb, especially for subscribers that are relatively new to the world of mineral exploration, but this IP survey will almost completely rule out other 'chargeable' materials, leaving the most likely material as 'sulphides'." He further wrote that, "Given that Fitzroy has already identified copper-moly-gold sulphides on the fringes of the system, the odds are that any big chargeability anomaly will have Cu-Mo-Au in the sulphides mix." Ballanger added, "The IP survey will increase our odds of discovery, which is why I am telling you." <a href="https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html?utm_medium=feed" target="_blank" rel="noopener">In a May 15 update, Ballanger wrote</a> that copper "remains the standout performer in the metals for the past few weeks" and noted that July copper had "eked out a modest 0.62% gain after hitting an all-time high at US$6.716/lb. on Wednesday." Ballanger attributed recent market activity to both supply and demand factors. He wrote that "Copper remains the standout performer in the metals for the past few weeks due to severe supply constraints and a surge in speculative demand linked to artificial intelligence infrastructure." He also stated that "there has been a critical disruption in the supply of sulfuric acid, which is essential for copper production," while adding that "smelter squeezes have caused processing fees to plunge to record lows, forcing output reductions just as global demand is hitting its peak." On the demand side, Ballanger wrote that "'AI' and data center buildouts, overall global electrification, and an export boom of copper-intensive clean-tech products from China are all contributing to boosting demand." He also wrote that "copper prices have 'shrugged off' the Iran-US war uncertainty, with investors shifting capital into physical assets like copper as a hedge against geopolitical risk." Ballanger later wrote that "The move to record highs in copper is a premonition of better days ahead for the red metal and all of the major producers and junior developers as well." The same commentary discussed recent drilling activity at Buen Retiro and referenced the reported intercept that stated: "Drill hole BRT-DDH059 returned 78.0 m @ 1.70% Cu from 58.0 m, including 40.0 m @ 3.02% Cu from 92.0 meters." Ballanger wrote that the stock had risen following the results and stated that "For a junior explorer, that is an exceptionally strong weekly performance and indicates the market is assigning increasing value to the Buen Retiro discovery." [OWNERSHIP_CHART-10000] <h2 style="text-align: center;" data-start="2137" data-end="2205">Drills, Surveys, and Development Work Continue Across Buen Retiro</h2> Fitzroy stated that a third diamond drill rig has now been dedicated to copper sulphide exploration at Buen Retiro. <a href="https://fitzroyminerals.com/site/assets/files/5967/260515_ftz_may_final.pdf" target="_blank" rel="noopener">The company outlined an initial drilling plan of 3,000 meters and said it anticipates expanding the program as ANT geophysical survey data is incorporated into target ranking.</a> The company also said it is finalizing a 5,000-meter reverse circulation drilling contract expected to begin next month. According to Fitzroy, the program will initially complete sterilization drilling around the historical pit area before shifting toward regional exploration across the project's 13,400-hectare concession package. Additional development activities outlined in company materials included environmental submission work targeted for the third quarter of 2026, a mineral resource estimate in the fourth quarter of 2026, and a pre-feasibility study in the first quarter of 2027. Presentation materials also outlined ongoing baseline surveys, metallurgical testing work, engineering studies and sulphide exploration drilling activities. <h2 style="text-align: center;" data-start="4772" data-end="4935">Ownership and Share Structure1</h2> Fitzroy Minerals Inc. has a market cap of CA$152.46 million, with 327.87 million shares outstanding. The company's 52-week range is CA$0.24-CA$0.73. Management and Insiders own 11% of shares, while Institutions own 2%. Strategic Investors own 25% of shares, and the remaining 62% of shares are held by Retail. <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 Fitzroy Minerals.</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=31240"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31240" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Fri, 15 May 2026 00:00:00 PST Gold Explorer With High-Grade BC Deposit Buys Land for Camp https://www.streetwisereports.com/article/2026/05/19/gold-explorer-with-high-grade-bc-deposit-buys-land-for-camp.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/gold-explorer-with-high-grade-bc-deposit-buys-land-for-camp.html?utm_medium=feed">Streetwise Reports 05/20/2026</a> Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) acquires a new property in British Columbia for a camp to support its Quesnelle Gold Quartz Mine Property. <a href="https://www.streetwisereports.com/pub/co/11131?utm_medium=feed" target="_blank" rel="noopener">Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE)</a> announced the acquisition of a new property in Hixon, British Columbia, which will serve as a camp location to support operations at the nearby Quesnelle Gold Quartz Mine Property in British Columbia, <a href="https://goldencariboo.com/news/golden-cariboo-camp-property-drilling-update-bc/" target="_blank" rel="noopener">a May 19 release said</a>. The company has secured a 5.36-acre property, strategically located with direct access to Highway 97, for a purchase price of CA$300,000. A deposit of CA$50,000 has been paid, with the remaining CA$250,000 due by October 30, 2026. This non-refundable deposit grants the company possession of the property prior to the finalization of the sale. Plans for the newly acquired site include the installation of an Atco 5 Unit Skid-Mounted Mobile Camp, which will facilitate the logistical needs of the mining operations. In addition to the property acquisition, Golden Cariboo Resources also provided an update on its drilling activities. The company said it has completed drilling of the borehole QGQ26-30, reaching a depth of approximately 402 meters at an orientation of 270°/-54°. This drilling aimed to target the western contact of the Halo zone from the same pad as QGQ26-29 and concluded in favorably altered volcanics approximately 235 meters west of its collar. Core logging of this borehole is currently underway. Further, the company announced this week that it initiated drilling of QGQ26-31, located about 70 meters north of QGQ26-30. This new drilling effort continues to focus on the western contact of the Halo Zone. Golden Cariboo Resources plans to provide updates on the progress of these activities as more information becomes available. <h2 style="text-align: center;">Results of Drill Hole QGQ25-28</h2> <a href="https://goldencariboo.com/news/golden-cariboo-drill-results-halo-zone-gold-intercept/" target="_blank" rel="noopener">Earlier this month, the company announced</a> the results of earlier drilling, including 0.41 grams per tonne (g/t) over a stretch of 364.98 meters in drill hole QGQ25-28. The company said the finding has expanded the northern boundary of the Halo zone. The assay also found 1.33 g/t silver over the same length of core. "This drill hole expands the known extent of our Halo deposit and shows lateral continuity of the system that bodes well for our upcoming maiden mineral resource estimate (MRE)," President and Chief Executive Officer Frank Callaghan said at the time. "This long drill intercept from near surface shows 149.6 gram-meters Au (gold), showcasing the scale of this system, (which is) ... fully accessible by logging roads, making this project ideal for year-round drilling. Additionally, the topography is relatively flat, allowing for easy access to the gold deposit." Further results from the hole include 1.93 g/t Au and 3.15 g/t silver (Ag) over 17.5 meters, 2.09 g/t Au and 1.75 g/t Ag over 22.92 meters, and 10.67 g/t Au and 9.9 g/t Ag over 0.63 meters, the release noted. Golden Cariboo recently disclosed the successful completion of a non-brokered private placement, which raised a total of CA$871,000, surpassing its initial subscription targets. The funds raised are designated for further exploration activities, specifically at the company's Quesnelle Gold Quartz Mine Property. This property is a key part of the historic Cariboo gold rush region and is advantageously located adjacent to Osisko Development, at the northern boundary of the Cariboo Gold Project. Quesnelle spans approximately 94,899 hectares and is situated along the Spanish and Eureka thrust faults. This area is historically known for its substantial gold production, with over 101 placer gold creeks along a 90-kilometer trend that continues to be actively productive. The Quesnelle Quartz mine, discovered in 1865, is easily accessible by road. The geological characteristics of the gold mineralization at Quesnelle bear similarities to those found at the Spanish Mountain gold deposit, approximately 120 kilometers southeast. The Spanish Mountain deposit is identified as a sediment-hosted vein (SHV) deposit, a category that includes some of the world’s largest gold deposits, such as Muruntau in Uzbekistan and Bendigo in Australia. <h2 style="text-align: center;">Drill Results Impressive, Analyst Says</h2> <a href="https://www.streetwisereports.com/article/2026/04/01/gold-co-hits-strongest-drill-result-yet-at-halo-zone-as-maiden-resource-estimate-signals-major-re-rating-potential.html?utm_medium=feed" target="_blank" rel="noopener">On March 27, Couloir Capital Analyst Ron Wortel reaffirmed a BUY rating on Golden Cariboo Resources</a>, setting a fair value estimate of CA$0.50 per share. This valuation indicates a potential 455% increase from the current share price, a projection supported by encouraging drilling results from the company's Halo zone and the commencement of a maiden NI 43-101 MRE. Golden Cariboo recently disclosed impressive drilling results, particularly from drill hole QGQ25-27, which encountered 0.89 g/t gold over 70.65 meters starting at a depth of 14.2 meters. This drilling further uncovered higher-grade subintervals, enriching the geological understanding of the Halo zone. Additional exploration, including drill hole QGQ25-28, reached approximately 755 meters depth, revealing significant geological features indicative of a potential extension of the mineral system. The forthcoming independent NI 43-101-compliant MRE will incorporate data from 28 company drill holes and up to nine historical drill holes, demonstrating robust confidence in the geological data collected. Moreover, the acquisition of 13 placer claim cells in the Halo zone for CA$60,000 is seen as a strategic enhancement to the project's potential and future development prospects. Couloir Capital also highlighted the strategic positioning of Golden Cariboo's operations within a district-scale land package of approximately 95,000 hectares, drawing comparisons to the nearby Spanish Mountain Gold Ltd. deposit. Financially, Golden Cariboo concluded 2025 with a strong cash position and substantial working capital. <a href="https://thedeepdive.ca/back-to-the-cariboo-gold-rush-history-meets-modern-discovery-golden-caribou/" target="_blank" rel="noopener">Jay Lutz of The Deep Dive commented on Golden Cariboo's active drilling endeavors in the Cariboo district</a>, noting the significant influence of Callaghan, who has come out of retirement to spearhead the exploration efforts. Lutz praised the promising early results under Callaghan's leadership and pointed out the company's relatively modest market capitalization compared to neighboring mining operations. He speculated on Golden Cariboo's potential to become a major influence in the future of this historically rich mining district, suggesting a promising outlook for growth and development in the area. <h2 style="text-align: center;">The Catalyst: Gold's Trajectory</h2> Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year. Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt.[OWNERSHIP_CHART-11131] Despite recent pressures on gold prices due to rising bond yields, inflation concerns, and a stronger dollar, brokerages maintain a positive long-term outlook for the precious metal. However, in the near term, several financial institutions have revised their gold price forecasts downward due to a decrease in investor demand and heightened expectations for interest rates. On Sunday, JPMorgan adjusted its average gold price forecast for 2026 downward to US$5,243 per ounce from a previous estimate of US$5,708, <a href="https://www.mining.com/web/brokerages-stay-bullish-on-gold-price-despite-near-term-pressure/" target="_blank" rel="noopener">Reuters reported on May 19 in a piece published by Mining.com</a>. This revision was attributed to a significant reduction in near-term demand, as interest from investor clients has notably diminished. According to JPMorgan analysts, this lack of interest is evident in various market indicators. They noted in a recent report that COMEX aggregate gold futures open interest and volume have remained low, net Managed Money futures open interest has stagnated at minimal levels, and there has been minimal activity in ETF flows. This adjustment by JPMorgan followed a similar move by ANZ, which on Friday lowered its year-end target price for gold to US$5,600, Reuters said. ANZ cited factors such as rising inflation expectations, higher yields, and a strengthening dollar as likely to continue exerting downward pressure on gold prices. Despite these near-term challenges, JPMorgan continues to hold a bullish stance for the medium term, anticipating that gold prices could reach as high as US$6,000 per ounce by the end of 2026. The bank predicts that demand for gold will pick up in the latter half of the year as uncertainties related to energy and inflation begin to dissipate, leading to renewed interest from investors and central banks. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Insider Callaghan, the CEO, holds 7.31%. The rest is in retail. There are no institutional investors at this time. The Canadian explorer has 106.86 million outstanding shares and its market cap is CA$11.88 million. Its 52-week range is CA$0.04–CA$0.12 per share. <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>Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Golden Cariboo Resources Ltd. 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 Golden Cariboo 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=31239"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31239" width="0" height="0"> ( Companies Mentioned: GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE, ) Wed, 20 May 2026 00:00:00 PST Silver Miner Delivers Massive 95% Revenue Surge in Mexico https://www.streetwisereports.com/article/2026/05/19/silver-miner-delivers-massive-95-revenue-surge-in-mexico.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/silver-miner-delivers-massive-95-revenue-surge-in-mexico.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) releases unaudited financial results for the first quarter. Find out why one expert who is bullish on silver sees upside in the stock.First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) released its unaudited condensed interim consolidated financial results for the first quarter ending March 31, 2026, <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-q1-2026-financial-results-and-increased-quarterly-dividend-payment-provides-management-updates" target="_blank" rel="noopener">according to a May 12 release</a>. The detailed financial statements and management's discussion and analysis are available on the company's website and can also be accessed through <a href="https://www.sedarplus.ca/home/" target="_blank" rel="noopener">SEDAR+</a> and <a href="https://www.sec.gov/search-filings" target="_blank" rel="noopener">EDGAR</a>. The company experienced a robust first quarter, with silver and gold production aligning well with its 2026 guidance targets, the release noted. There was a notable 95% increase in revenues year-over-year, amounting to US$476.7 million. This surge was primarily due to higher realized prices for silver and gold, despite the company retaining US$63.6 million worth of silver and gold bullion. Enhanced operational efficiency contributed to revenue growth outpacing the rise in costs, including variable costs like royalties and worker production bonuses, which tend to increase with the price of silver. This efficiency led to significant margin expansion. For this quarter, First Majestic reported net earnings of US$128.1 million, with earnings per share (EPS) at US$0.26. Adjusted net earnings were higher at US$151.7 million, or US$0.31 per share. The company also said it saw a 12% increase in throughput rates, which allowed for the optimization of lower marginal cut-off grades, improving overall profitability across all mine sites. However, reported per-ounce costs were higher, primarily due to unfavorable year-over-year changes in the silver equivalent (AgEq) conversion ratios, influenced by rising metal prices. Despite this, the higher metal prices overall positively impacted the company. In terms of cash flow, First Majestic generated US$223.5 million in free cash flow after accounting for US$95.5 million in cash income taxes, primarily for the year 2025. This marked a substantial increase from the US$43.5 million in free cash flow recorded in the first quarter of 2025. Operating cash flow before changes in working capital and taxes reached US$310.6 million or US$0.63 per share, up 182% from US$110 million or US$0.24 per share in the previous year. The company concluded the quarter with a record treasury of US$1,128.6 million, up 20% from US$937.7 million at the end of 2025, marking the highest treasury position in the company’s history. This includes US$143.8 million held in restricted cash, slightly down from US$144.3 million as of December 31, 2025. <h2 style="text-align: center;">Co. Highlights Cost Efficiency</h2> Mine operating earnings saw a dramatic increase to US$266.6 million, up from US$63.8 million in the first quarter of 2025, largely due to the higher metal prices, First Majestic noted. Earnings Before Income Tax, Depreciation, and Amortization (EBITDA) also rose significantly to US$306.8 million, compared to US$98.8 million in the prior year's first quarter. This improvement was primarily due to enhanced mine operating earnings and was further supported by US$13.4 million in investment income. The company also highlighted its cost efficiency, with cash costs and All-in Sustaining Cost (AISC) per attributable payable silver equivalent ounce for the quarter at US$20.28 and US$29.76, respectively. These costs are expected to decrease in the second half of the year. The AISC margin showed a significant improvement, standing at US$52.24 per silver equivalent ounce, compared to US$13.26 per ounce in the first quarter of 2025. Additionally, First Majestic declared a cash dividend of US$0.0171 per common share for the first quarter of 2026, nearly four times higher than the dividend in the same period last year. This increase reflects the company's strong financial performance and confidence in its continued growth. In terms of production, the company produced 3.5 million ounces (Moz) silver and 34,341 gold ounces in the first quarter of 2026. These figures represent 26% and 28% of the company's midpoint guidance for silver and gold production in 2026, respectively. However, there was a slight decrease in production compared to the first quarter of 2025, which saw 3.7 Moz silver and 36,469 gold ounces produced. The cash costs per attributable payable silver equivalent (AgEq) ounce for the quarter were US$20.28, up from US$13.68 per AgEq ounce in the first quarter of 2025, the release said. This increase was primarily due to a decrease in AgEq ounces produced and was further influenced by higher metal prices, which affected labor production bonuses, mining and milling rates, and royalty payments. Additionally, the strengthening of the Mexican peso against the U.S. dollar, which was 14% stronger on average during the quarter, also impacted cash costs. <h2 style="text-align: center;">A Dominant Player in the Silver Market, Analyst Says</h2> According to an updated research note by Analyst Heiko F. Ihle for H.C. Wainwright & Co. on May 12, First Majestic reported a substantial increase in revenue, reaching US$476.7 million, up from US$243.9 million in the first quarter of 2025. This growth translated into a significant rise in net income attributable to shareholders, which was US$128.1 million, or US$0.26 per share, compared to just US$2.3 million, or US$0.01 per share, in the same period last year. The impressive revenue growth was largely driven by the strong market prices for gold and silver, which averaged US$5,018 per ounce and US$86.35 per ounce, respectively, marking increases of 81% and 161% year-over-year. First Majestic also reported a robust cash position, with cash and cash equivalents totaling US$984.8 million after generating US$223.5 million in free cash flow during the quarter. Looking forward, the company is well-prepared financially to restart operations at Jerritt Canyon and to explore additional mergers and acquisitions opportunities. Management is actively returning value to shareholders through ongoing share repurchase programs and a recent increase in dividends to 2% of net revenue. Despite facing cost pressures, including a 55% year-over-year increase in all-in sustaining costs (AISC) to US$29.76 per silver equivalent ounce, the company managed to expand its AISC margin significantly to US$52.24 per ounce. This expansion is nearly four times the margin of US$13.26 per ounce recorded in the first quarter of 2025. These cost pressures were primarily due to the strengthening of the Mexican Peso and changes in the silver equivalent conversion ratio. First Majestic is actively pursuing its plan to restart Jerritt Canyon, targeting production in the second half of 2027, while also progressing towards achieving a sustainable production rate of 4,000 tonnes per day at Los Gatos by the second half of 2026, Ihle said. The company's strategy to expand margins and increase throughput is expected to support substantial growth in cash flow in the near to intermediate term. Given these developments, First Majestic is positioned as a dominant, cash-rich player in the silver market, poised for further growth due to its significant margins and well-funded growth initiatives, the analyst noted. The company's stock continues to hold a Buy rating, with a slightly increased price target of US$30.75, up from US$30. This adjustment is based on minor updates to the balance sheet, particularly the recent cash and cash equivalents balance. The valuation remains grounded in several discounted cash flow models for the company's core assets, applying a 6.0% discount rate to key projects and maintaining a 3x net asset value multiple, reflecting the geopolitical risk factors comparable to other firms in the coverage universe and recent mergers and acquisitions in the precious metals space. <h2 style="text-align: center;">'A Perfect Uptrend Line'</h2> On May 18, Chen Lin of What is Chen Buying? What is Chen Selling? remarked about the company: "From the longer-term point of view, silver had a perfect retracement to (the) US$75 area. This is a trend line support. I am buying silver here. I bought some silver futures to test the water. I am also buying back my former top silver position AG here and made (it) my number 3 silver producer. My top silver producers are Couer Mining/Silvercorp Metals/AG right now. AG is now sitting on a perfect uptrend line and is trading at much lower prices than I sold early this year." <a href="https://stockinvest.us/stock/AG" target="_blank" rel="noopener">An AI analysis of the stock on StockInvest.us on May 19 noted</a> that the stock "finds support from accumulated volume at $19.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested." It continued, "Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance." <h2 style="text-align: center;">The Catalyst: Silver's Price to Increase, Then Fall Back?</h2> James Steel, the chief precious metals analyst at HSBC, recently updated the bank’s forecast for silver prices, presenting a nuanced view of the market's future, <a href="https://www.thestreet.com/investing/hsbc-raises-silver-price-target-for-the-rest-of-2026" target="_blank" rel="noopener">according to a report by Hillary Remy for The Street on May 18</a>. HSBC has increased its average silver price prediction for 2026 to US$75 per troy ounce, up from the previous estimate of $68.25, Investing.com, according to Remy. For 2027, the forecast has been raised to US$68 per troy ounce from US$57. Despite these upward revisions, HSBC has set its year-end targets for 2026 and 2027 at US$70 and US$65 respectively, which are below the current spot prices. This indicates that the bank anticipates a weakening in silver prices in the latter half of both years, as confirmed by InvestorsHub. Steel provided a clear rationale for the seemingly contradictory forecasts. He explained that while silver has shown strength, the factors driving its rise are expected to diminish as the year progresses. “Moderating deficits, in our view, will not be sufficient to propel silver sharply higher for prolonged periods,” he stated, suggesting a tempering of market optimism in the near future. Additionally, Steel highlighted a potential widening in the gold-to-silver ratio, which could lead to silver prices easing even if gold prices continue to rally. This serves as a caution to investors who might assume that silver will automatically track gold’s gains. The basis for HSBC’s revised forecasts centers on the expected changes in the silver supply deficit. The bank projects that the global silver market deficit will decrease significantly, from 143 Moz in 2025 to 73 Moz in 2026, and then further to just 25 Moz in 2027. This anticipated reduction is attributed to stable mine production, which is expected to be around 848 Moz in 2026 and increase to 868 Moz in 2027, coupled with a rise in recycling supply from 197 Moz in 2025 to 216 Moz in the current year. These supply increases, while not dramatic, are occurring against a backdrop of softening demand, which significantly alters the deficit calculations and impacts the overall market dynamics for silver, Remy wrote. This complex interplay of factors forms the core of HSBC’s updated outlook, providing a detailed and specific analysis of the silver market’s trajectory over the next few years. Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year.[OWNERSHIP_CHART-406] Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt. <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 1% of the company is held by insiders and management, about 60% by institutions, and about 39% by retail. Its market cap is US$10.06 billion with 492.97 million shares outstanding. It trades in a 52-week range of US$5.55 and US$32.04. <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 First Majestic 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=31237"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31237" width="0" height="0"> ( Companies Mentioned: AG:TSX; AG:NYSE; FMV:FSE, ) Tue, 19 May 2026 00:00:00 PST Gold Mining Co. Delivers Strong Q1 2026 Results Out of Idaho https://www.streetwisereports.com/article/2026/05/19/gold-mining-co-delivers-strong-q1-2026-results-out-of-idaho.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/gold-mining-co-delivers-strong-q1-2026-results-out-of-idaho.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) boosted Q1 revenue 99% and EPS 233% while increasing gold production and advancing key Idaho projects.Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) released its <a href="https://idahostrategic.com/idaho-strategic-reports-record-first-quarter-2026-operating-and-financial-performance/" target="_blank" rel="noopener">Q1 2026 financial and operating results</a> on May 14, 2026. The company maintained its profitability while growing gold production and reinvested some of the profit into near-mine exploration opportunities and capital projects on its Idaho mining site. Financial highlights are as follows: <ul> <li>Revenue was up 98.97% at US$14, 482,286 in Q1 2026, compared to US$7,278,536 in Q1 2025</li> <li>Total cost of sales was up 37.34% at US$4,917,388 in Q1 2026, compared to US$3,580,450 in Q1 2025.</li> <li>Gross profit was up 158.64% at US$9,564,898 in Q1 2026, compared to US$3,698,086 in Q1 2025.</li> <li>Net income attributable to IDR was up 297.02% at US$6,387,992 in Q1 2026, compared to US$1,608,979 in Q1 2025.</li> <li>Earnings per share (EPS) were up 233.33% at US$0.40 in Q1 2026, compared to US$0.12 in Q1 2025.</li> <li>The average realized gold price was up 65.06% at US$4,702.04 in Q1 2026, compared to US$2,8448.74 in Q1 2025.</li> </ul> Operational highlights span several topics, but overall performance highlights are as follows: <ul> <li>Ore tonnes processed: 11,290 in Q1 2026, compared to 11,337 in Q1 2025.</li> <li>Average flotation feed grade (gpt): 9.68 in Q1 2026, compared to 8.67 in Q1 2025.</li> <li>Ounces produced: 3,234 in Q1 2026, compared to 2,900 in Q1 2025.</li> <li>All-in sustaining cost per ounce: US$1,868.07 in Q1 2026, compared to US$1,430.90 in Q1 2025.</li> </ul> Idaho Strategic’s President and CEO, John Swallow, stated, "Our goal for the year was to build on a strong 2025, and as evidenced in our record first quarter results, the team has met these expectations. From increased production to expanded exploration and drilling programs, our business plan is working as designed. In addition to the two drills dedicated to resource conversion and exploration drilling at the Golden Chest, permitting is in place for drill programs this year at two projects in the Murray Gold Belt (Little Baldy and Niagara) and at two of our REE prospects (Lucky Horseshoe at Lemhi Pass and Cardinal at Mineral Hill) near Salmon." In reference to the company's forward momentum, Swallow continued: "We are one of the few junior mining companies that put a mine into production when our industry was out of favor, so that we could take advantage of opportunities when the tailwinds arrived. To that end, we followed up our acquisition of Hecla's Toboggan landholdings in Q3 2025 with the execution of a long-term lease agreement on the nearby Niagara project during Q1 2026, adding potentially significant copper-silver exposure to the company. Both of these additions were essential to consolidating the Murray Gold Belt District and provides the company with high-quality exploration targets that will last many years into the future." Other achievements from the start of 2026 are finalizing exploration plans for both Mineral Hill and Lemhi Pass in the upcoming field season, as well as major catalysts for Golden Chest. Idaho Strategic lists Q1 2026 Golden Chest highlights as follows: <ul> <li>Mined approximately 11,290 tonnes of ore from underground stopes on the H-Vein.</li> <li>Completed a total of 193 meters of development in the main access ramp (MAR) and associated workings, including an escapeway/ventilation raise. A record total of 4,008 cubic meters of CRF backfill was placed during the quarter.</li> <li>Processed a total of 11,290 dry metric tonnes ("dmt") at the Company’s New Jersey Mill with a flotation feed head grade of 9.68 gpt gold and gold recovery of 92.1%.</li> <li>Some long lead items for the Murray Mill were delivered, such as a jaw crusher and a cone crusher, and additional underground mining equipment, including two four-yard LHDs, were delivered to the mine during the first quarter.</li> <li>An exploration program consisting of surface and underground core drilling was continued during the first quarter at the Golden Chest. A total of 8,700 meters of drilling was completed at the Golden Chest, targeting the Paymaster, Red Star, Katie-Dora, and the H-vein.</li> </ul> The company has filed its financial statements with the SEC on EDGAR, and further notes are available there. Idaho Strategic Resources Inc. is an American, Idaho-based mining company that focuses on gold and rare earth elements, as well as thorium, copper, and silver. <h2 style="text-align: center;">Gold is at a Slight Low, Still Projected to Grow</h2> On the morning of Tuesday, May 19, 2026, "Spot gold was trading near US$4,524.10 an ounce, down 0.90%," <a href="https://www.kitco.com/news/article/2026-05-19/gold-breaks-below-4540-silver-tests-75-yields-rise-hormuz-talks-cap-oil" target="_blank" rel="noopener">reported Kitco</a>. The article went on to say, ". . . the 10-year Treasury yield is holding near the 4.6% area after Monday’s Treasury close at 4.61%." The ongoing conflict between the U.S. and Iran has created uncertainty in the metals market, leading rates to bounce up and down. Continuous threats between the Trump administration and the Iranian government have kept investors nervous, and Kitco said, "The Strait of Hormuz remains the central geopolitical variable for energy, rates, and precious metals. Oil prices pulled back after President Donald Trump paused a planned strike on Iran to allow more time for negotiations, but the waterway is still effectively constrained, and crude remains above $100 a barrel. The current market effect is two-sided for <a href="https://www.kitco.com/charts/gold" target="_blank" rel="noopener">gold</a>: geopolitical risk supports defensive demand, while US$100-plus WTI, Brent above US$110, and gasoline inflation keep yields elevated and reduce the appeal of non-yielding assets." Others are more confident in gold's future. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. [OWNERSHIP_CHART-11018] <h2 style="text-align: center;">Analyst Sees Incredible Management Team</h2> On May 18, 2026,<a href="https://www.streetwisereports.com/article/2026/05/18/gold-producer-targets-massive-production-growth-in-idahos-murray-belt.html?utm_medium=feed" target="_blank" rel="noopener"> Mike Niehuser of ROTH Capital Partners reiterated a "Buy" rating</a>, with a US$45 price target, for Idaho Strategic, calling the company "built for all seasons." "We believe that, on a per-capita basis, IDR has one of the best management teams in the sector," Niehuser wrote. "Also, IDR possibly has the highest financial liquidity relative to ounces of gold produced. These metrics, in combination with other characteristics described in this report, make IDR stand out among its peers." <h2 style="text-align: center;">Building New Projects</h2> According to its <a href="https://idahostrategic.com/wp-content/uploads/2026/05/IDR-Spring-2026.pdf" target="_blank" rel="noopener">investor presentation</a>, the company has more than 30,000 meters of drilling planned throughout 2026 and is investing time and resources into building a mill at its Murray project. Further drilling results are forthcoming in the near future. <h2 style="text-align: center;">Ownership & Share Information1</h2> Idaho Strategic has a market cap of US$579.75 million, with 15.81 million shares outstanding. The company's 52-week range is US$12.25-US$54.70. Institutions own 46.71% of shares, while Management & Insiders own 5.54%. The remaining 47.75% of shares are held by Retail. <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 Idaho Strategic Resources 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">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=31236"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31236" width="0" height="0"> ( Companies Mentioned: IDR:NYSEAMERICAN, ) Tue, 19 May 2026 00:00:00 PST Athenian Foreboding https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html?utm_medium=feed">Michael Ballanger 05/15/2026</a> Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the markets.As I was doing my early-morning reading on Friday, I came across a report that made reference to Chinese Premier Xi in his address to the American delegation that included the President as well as several of America's "Titans of Industry". As I was poring through the report, the best word to describe my emotional state was "epiphany," defined as "a sudden moment of insight or realization when something becomes clear in a way it wasn't before". It was also a feeling that had eluded me for some sixty-four years, because the last time I felt this was in 1962 when our home room teacher ordered the entire class to crawl under our desks as soon as the fire alarm sounded. This was not a "fire drill", though. It was a "nuclear attack drill" as at the time, the West was heavily embroiled at the very peak of the Cold War with the Union of Soviet Socialist Republics (the "U.S.S.R"). During his address to the Americans, Premier Xi made mention of the "Thucydides Trap", to which the American president responded with a blank stare. This concept was named after the ancient Athenian historian Thucydides, who wrote that "It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable," referring to the Peloponnesian War. When an emerging power (like Athens or, in this case, China) challenges a dominant power (like Sparta or, in this case, the U.S.), the resulting fear, tension, and strategic maneuvering make war highly likely. Many podcasters and newsletter writers are too young to have experienced the sense of foreboding that a septuagenarian like me experienced when pictures of hydrogen bombs exploding over the Bikini Atoll in 1954 surfaced on daytime TV. Everyone was acutely aware of "tensions" between U.S. President Kennedy and Soviet Premier Khrushchev during the Cuban Missile Crisis of October 1962, but it was actually decades later that we learned how critically close they came to nuclear war. A last-minute order countermanded by a young Soviet naval officer allowed cooler heads to prevail, but no one in the mainstream media knew about it or reported it. The fact that Premier Xi made reference to Thucydides Trap is a public acknowledgment that he sees his nation, formerly a primary agrarian society of rice farmers and field workers, as being " in full and open competition" with the West. Xi sees China as the modern version of "rising Athens" trying to stay ahead of the ever-fearful Sparta-in-decline (the U.S.). The last time I saw a foreign leader openly challenging the West was that same former Soviet Premier Nikita Khrushchev banging his shoe on a desk in October 1960 during a meeting of the U.N. General Assembly in New York City. Such defiance was not treated kindly by the West, nor were Premier X's remarks this week. The world did take notice, though, as the recent moonshot in Korean stocks abruptly reversed, closing down over 6% in what appeared to be merely a violent correction in an overheated market. Pundits shrugged it off as being "healthy" and "long overdue," but what followed later, when Western markets opened, was more of the same as the NASDAQ and the S&P 500 both gave back over 1% with the blistering Philadelphia Semiconductor Index ($SOX:US) losing over 3%. The U.S. president preferred to differ with the negative reports circulating around the blogosphere on Thursday. He was quoted as saying, "We're going to have a fantastic future together," but if that were true, easing geopolitical tensions should have caused oil to sell off, but lo and behold, oil actually rose 3.62%, with the spot crude futures exceeding $105.50 at one point. Also responding negatively to the event of the Summit was the U.S. bond market, where the yield on the U.S. 30-year Treasury Bond exploded up and through the all-important "Line-in-the-Sand" at 5%. I have been writing about this important level for the better part of a year, and with today's huge drop in the long bond price, the yield at noon on Friday had exploded to over 5.12%. If this were a stock, the CNBC Talking Heads would be blabbering all over the TV screen about the "powerful breakout" with the uptrend being "totally intact" and therefore a "strong buy". They are strangely silent today in their coverage of the fixed-income markets. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519103929_1.png" alt="" width="624" height="398" /> The difference in interest payments to holders of the 30-year bond between the March 2020 "Covid Crash" lows, just under 1%, and the current yield at 5.1202% on $40 trillion of debt is staggering. While not all government debt is constituted by the 30-year Treasury bond, if all of that debt were in long bonds, the annual interest cost in March 2020 would have been approximately US$396 billion, versus the U.S. Defense Budget in 2020 at $778 billion. Today, however, the annual interest expense would rise to US$2.048 trillion for a difference of US$1.652 trillion, which is about 60% higher than the estimated 2026 Defense Budget. Passing this milestone does not necessarily infer a) an immediate fiscal crisis, b) imminent default, or c) a loss of reserve-currency status. However, there are negative repercussions related to a) long-term bond yields, b) inflationary expectations, c) currency sentiment, and d) politics related to "fiscal reform". Of course, the U.S. is a master class in "kicking the can down the road". As long as the equity markets continue to rise, politicians are content to raise the debt ceiling each and every year into infinity. Returning to the China-U.S. Summit, the significance of Premier Xi's reference to the Thucydides Trap is not so much that he openly admitted that he and Trump are adversaries, but more in the manner that the western media chose to ignore it. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519103959_2.png" alt="" width="624" height="278" /> With the S&P 500 up over 16% in the past six weeks, the level of complacency is literally unprecedented, especially when the majority of stocks found in the S&P 500 index are trading below their 50-dma lines. Only 43.93% of stocks found in that index have been able to exceed their 50-dma lines, and what this infers is that the rally has been confined to a relatively small group of (primarily) technology issues, with specific attention being paid to the semiconductors, which are up over 69% since March 30th. In fact, the only other period in which the semiconductors did better was during the March 2000 "blow-off top" that led to the dot.com crash and meltdown. No one cares about oil over $100, long rates over 5%, stocks with narrow leadership, or a Chinese premier alluding to the potential for armed conflict with the West. They have all been trained to expect that the Fed and/or the Treasury will move to rescue stocks at every turn, regardless of cost, and they may in fact be right as long as their leader uses the "record stock prices" as a personal benchmark for the execution of office. <h2 style="text-align: center;">Metals</h2> Metal prices had a decent week, with the standout being copper, that is, until Friday, when the combination of the strong USD and rising oil took gold down 2.78%, copper down 4.91%, but poor silver got hammered, closing down 10.15% on the day. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519104032_3.png" alt="" width="624" height="472" /> For the week, June gold was down 3.3%, July silver was down 4.82%, but July copper eked out a modest .62% gain after hitting an all-time high at $6.716/lb. on Wednesday. Copper remains the standout performer in the metals for the past few weeks due to severe supply constraints and a surge in speculative demand linked to artificial intelligence infrastructure. Thanks largely to the disruptions in the Strait of Hormuz, there has been a critical disruption in the supply of sulfuric acid, which is essential for copper production. Also weighing in is the Chinese export ban expected to last until next December. The problems at Freeport-McMoRan Inc.'s (FCX:NYSE) Grasberg Mine continue, while smelter squeezes have caused processing fees to plunge to record lows, forcing output reductions just as global demand is hitting its peak. On the demand side, "AI" and data center buildouts, overall global electrification, and an export boom of copper-intensive clean-tech products from China are all contributing to boosting demand. You cannot rule out tariff "front-running" where traders have been hoarding copper to avoid the impact of future White House actions, and lastly, copper prices have "shrugged off" the Iran-US war uncertainty, with investors shifting capital into physical assets like copper as a hedge against geopolitical risk. That was until the Summit ended and the bond market decided to act up. And until the dollar started to spike. And yields. And so on. And so forth… The metals reacted exactly as free markets should react. Sellers came in and re-priced the outlook for industrial demand for copper and safe-haven demand for gold and silver all based upon a dismal outlook for global trade with Xi and Trump staring across the table at one another. Stocks finally got the memo and went out with a loss on the Friday session but because of these bizarro markets, for the week, the Dow was flat while the S%P 500 was up .12% and the NASDAQ was up 1.5-2.0%. The move to record highs in copper is a premonition of better days ahead for the red metal and all of the major producers and junior developers as well. As for stocks, well, stay very much alert because they can remain irrational far longer than we can remain solvent (thanks to Mr. Keynes). <h2 style="text-align: center;">Fitzroy Minerals</h2> The only real news of significance for the week was a strikingly good intercept of copper mineralization by Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)at their Buen Retiro project in Chile. The company reported that "Drill hole BRT-DDH059 returned 78.0 m @ 1.70% Cu from 58.0 m, including 40.0 m @ 3.02% Cu from 92.0 meters." This sent the stock up 27% on Thursday. Despite Friday's pullback, it was up approximately 22% for the week, driven by strong copper drill results and continued advancement of its Chilean projects. For a junior explorer, that is an exceptionally strong weekly performance and indicates the market is assigning increasing value to the Buen Retiro discovery. As I wrote in February, after the PDAC event in early March, the junior explorers and developers tend to move into minor funks with only event-driven moves triggering demand. The juniors tend to grab a bid in mid-late August in anticipation of the return of the mining speculators from summer holidays, including cottages, travel, and back-to-school expenses that tend to distract investors away from the juniors. This is why I like to focus on the companies that include exploration drilling in their activities, because sticking with just the producers leaves you totally vulnerable to major market and commodity price volatility. It is clear from the chart posted below that selling in the late winter was the appropriate move, as we have seen a series of lower highs and lower lows since then. The TSXV needs to buck that trend and begin to take out the late-February and mid-April highs while staying above the March lows. The late-January high coincided with the blow-off top in the metals in late-January, so the juniors will undoubtedly need cooperation from metal prices before taking a run at the 1,177 level last touched on January 26. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519104122_4.png" alt="" width="624" height="570" /> All in all, we are rapidly moving toward the arrival of summer, a period of time at least in North America where trading volumes (and liquidity) recede but if the basket of juniors one holds contains well-funded, active juniors able to generate value-adding events such as drill results, revised resource estimates, preliminary economic assessments, or full or pre-feasibility studies, then the doldrums of summer may not be a factor. All companies held in the GGMA portfolios are going to be "event-driven" all year long with full treasuries and active programs. Whenever I am speaking to a CEO of a junior miner, I like to remind them of the words of the most successful mining entrepreneur of all time, Robert Friedland, who said: "Promoting a stock is like making a movie. You've got to have stars, props, and a good script". Pretty simple stuff, but few use it… <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 Fitzroy Minerals Inc. </li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Freeport-McMoRan and Fitzroy Minerals Inc. 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> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31235"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31235" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, FCX:NYSE, ) Fri, 15 May 2026 00:00:00 PST Mining Co. Delivers Record Financial Results for Mexico Project https://www.streetwisereports.com/article/2026/05/19/mining-co-delivers-record-financial-results-for-mexico-project.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/mining-co-delivers-record-financial-results-for-mexico-project.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) reports quarterly record net income of US$15.9M as higher silver prices and operational upgrades fuel strong gains.Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) announced its first unaudited condensed interim consolidated<a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener"> financial results</a> for the first quarter of 2026 on May 13, 2026. The press release encompasses both financial and operational highlights for Q1 2026. In the release, Avino's president and CEO, David Wolfin, said, "During the first quarter, Avino delivered record financial performance driven by improved mill performance, strong metal prices, and a disciplined approach to capital management. Avino's silver equivalent per ounce margins were significantly higher than previous quarters and we remain in our strongest financial position in company history. Our robust balance sheet provides a solid foundation to support our transformational growth plan as we advance toward becoming a Mexico-focused mid-tier primary silver producer. We believe Avino is well positioned to continue delivering long-term value for our shareholders." The company listed <a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener">financial highlights</a>, reporting: <ul> <li>The company achieved a record US$39.4 million in revenues for Q1 2026, an increase of 109% from Q1 2025 and 29% from Q4 2025, [the] previous quarterly record. In Q1 2026, 60% of revenues were derived from silver production at an average realized price of US$86.42 per ounce.</li> <li>Mine operating income was US$23.4 million, an increase of 122% from Q1 2025 and 31% from Q4 2025.</li> <li>Earnings, or net income after taxes, was US$15.9 million, or US$0.09 per diluted share, both representing quarterly records.</li> <li>EBITDA was US$25.5 million, an increase of 163% from Q1 2025 and 77% from Q4 2025. Adjusted earnings were US$24.3 million, or US$0.14 per share, an increase of 150% and 100%, respectively, from Q1 2025, and an increase of 49% and 40%, respectively, from Q4 2025.</li> <li>The company generated operating cash before working capital movements of US$18.7 million, an increase of 154% compared to Q1 2025.</li> <li>Mine operating cash flows before taxes were a record US$26.7 million, an increase of 134% from Q1 2025, and 41% from Q4 2025.</li> </ul> <a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener">Operational highlights</a> from Q1 2026 include: <ul> <li>60% of the company's Q1 2026 revenues came from the sales of silver processed from the production material from the Avino Mine and development material from La Preciosa at an average realized price of US$86.42 per silver ounce.</li> <li>In Q1 2026, Avino achieved an 11% year-over-year increase in mill throughput, reflecting the success of targeted upgrades and automation initiatives implemented by our operations and maintenance teams. These initiatives improved mill availability and supported stronger, more consistent throughput levels.</li> <li><a href="https://pr.report/lj8p">On April 16, 2026</a>, Avino announced the completion of a new Mineral Reserve Estimate and updated Mineral Resource Estimate which includes La Preciosa, the Avino Mine (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). Collectively, the company's assets host proven and probable mineral reserves of 27 million tonnes for 127 million silver equivalent (AuEq) ounces at a grade of 145 g/t. In mineral resources, collectively the company holds measured and indicated mineral resources totaling 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t, as well as inferred mineral resources totaling 24.8 million tonnes and 87.6 million silver equivalent ounces at a grade of 123 g/t.</li> <li>15,000 meters of drilling is planned for the year at the Avino property with 3,000 meters completed at the end of Q1 2026.</li> <li>For Q1 2026, the company achieved a Lost Time Incident Frequency Rate ("LTIFR") of 3.25 per 1,000,000 hours worked. Total reportable lost time incident rate was 0.19.</li> </ul> In Q1 2026, Avino's capital expenditures totaled US$2.6 million, compared to US$1.8 million in Q1 2025. The company said, "The increased amount is in line with our capital budget for 2026 and was primarily spent on mine development and equipment for future production mining operations at La Preciosa." The La Preciosa project had several highlights of its own, such as the completion of 2,600 meters of its 15,000-meter 2026 drill campaign and raised silver production over Q4 2025. Avino Silver & Gold Mines Ltd. is a Canadian silver producer focused on projects in Durango, Mexico. <h2 style="text-align: center;">Silver Demand Rising with AI Data Center Boom</h2> <a href="https://www.fxstreet.com/news/silver-price-today-silver-falls-according-to-fxstreet-data-202605190930" target="_blank" rel="noopener">Silver fell by 2.28%</a> on Tuesday, May 19, to US$75.95 per troy ounce, though the overall price has still increased 6.85% since the beginning of 2026. Uncertainty around inflation fears and tensions in the Middle East have been affecting metals rates for the past several weeks, but investors were hopeful that prices would stabilize after <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-tuesday-may-19-prices-holding-after-president-calls-off-planned-attacks-on-iran-105400660.html" target="_blank" rel="noopener">President Trump hinted at peace talks with Iran</a>. “We will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large-scale assault of Iran, on a moment’s notice, in the event that an acceptable deal is not reached,” wrote President Trump yesterday on Truth Social. With this statement, metals prices did see some relief. As a critical component of electronics and AI data centers, silver's prices have skyrocketed over the past year, having raised over <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-tuesday-may-19-prices-holding-after-president-calls-off-planned-attacks-on-iran-105400660.html" target="_blank" rel="noopener">140% from this time last year</a>. [OWNERSHIP_CHART-659] <h2 style="text-align: center;">Analysts & Experts Give "Buy" Rating</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/avino-silver-gold-aya-gold-silver-vizsla-royalties/" target="_blank" rel="noopener">Peter Krauth of The Gold Advisor addressed Avino's update</a> on May 14, 2026, saying, "We’re impressed by these results. The team has delivered, and we expect they will continue to do so. Silver equivalent per ounce margins were significantly higher than in previous quarters, providing the company’s most robust financial position ever. This matters because it’s a foundation for the planned growth, which should see production up 2.5x over the next four years." Krauth called the Q1 results a "blowout quarter" for the company and maintained an overweight position on the stock, expecting similar strong results in the future. Cantor Fitzgerald's Matthew O'Keefe reiterated a "Buy" rating on May 14, with a price target of CA$15.80, projecting a 47% target return. O'Keefe referred to recent news as modestly positive, noting that "ASM generated record operating margins and exited Q1 2026 with a cash position of CA$138.60 million." On May 15, 2026, Jake Sekelsky of Alliance Global Partners provided an opinion update on Avino, reiterating a "Buy" rating with a CA$12.75 price target, citing strong Q1 financial results and increased silver production as reasons to purchase the stock. <h2 style="text-align: center;">Multiple Assets in Development</h2> Avino's <a href="https://cdn.prod.website-files.com/68684222725a56e6775e0877/6a07451d2a2abf808137da3d_May%2015_2026.pdf" target="_blank" rel="noopener">investor presentation</a> says the company is transitioning into a multi-asset mid-tier silver producer in Mexico, citing La Preciosa as a future silver production asset and the Oxide Tailings project as a future gold and silver production asset. At the Avino Mine, the company plans to continue regional exploration and resource expansion for future growth production. <h2 style="text-align: center;">Ownership & Share Information1</h2> Avino Silver & Gold Mines Ltd. has a market cap of CA$1.67 billion, with 170.20 million shares outstanding. The company's 52-week range is CA$3.07-CA$16.11. Management & Insiders own 6% of shares, while Institutions own 24%. The remaining 70% of shares are held by Retail. <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 Avino Silver & Gold Mines 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=31234"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31234" width="0" height="0"> ( Companies Mentioned: ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE, ) Tue, 19 May 2026 00:00:00 PST US$239 Million Silver Royalty Deal Puts Major Mexico Asset at Center of Takeover Push https://www.streetwisereports.com/article/2026/05/19/us-239-million-silver-royalty-deal-puts-major-mexico-asset-at-center-of-takeover-push.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/us-239-million-silver-royalty-deal-puts-major-mexico-asset-at-center-of-takeover-push.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Elemental Royalties Corp. (ELE:TSX.V; ELEMF:OTCMKTS) agreed to acquire Vizsla Royalties Corp. (VROY:TSX.V) in a CA$327 million transaction centered on royalty exposure to the Panuco silver-gold project.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <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:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="b0e746e9-1156-4b87-8794-751e5e511a09" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Vizsla Royalties Corp. (VROY:TSX.V) and Elemental Royalties Corp. (ELE:TSX.V; ELEMF:OTCMKTS) announced<a href="https://www.stockwatch.com/News/Item/Z-C!VROY-3820446/C/VROY" target="_blank" rel="noopener"> that they entered into a definitive arrangement agreement on May 13, 2026, under which Elemental will acquire all issued and outstanding shares of Vizsla Royalties through a court-approved plan of arrangement. </a>The transaction carries a total consideration of approximately CA$327 million, or US$239 million, equal to CA$4.13 per Vizsla Royalties share on a fully diluted basis. Under the agreement, Vizsla Royalties shareholders may elect to receive for each share either 0.15 common shares of Elemental, CA$4.13 in cash, or a combination of both, subject to rounding and proration. The agreement includes a maximum total cash consideration of approximately CA$82 million. According to the release, the transaction price represented a 31% premium to the unaffected closing price and a 22% premium to the 20-day volume-weighted average trading price of Vizsla Royalties shares as of May 12, 2026. The transaction centers on Vizsla Royalties' 2.0% to 3.5% net smelter return royalty interests on the Panuco silver-gold project in Mexico. The royalty structure includes life-of-mine royalties with no caps, step-downs, or buyback provisions. <a href="https://www.stockwatch.com/News/Item/Z-C!VROY-3820446/C/VROY" target="_blank" rel="noopener">Elemental Chief Executive Officer David M. Cole stated in a company news release:</a> "As the first major transaction for our company since the merger with EMX, and the largest single-asset transaction in our history, we are excited to announce the acquisition of 2.0%-3.5% NSR royalties on the Panuco silver-gold project." Vizsla Royalties Chief Executive Officer Michael Pettingell stated in a company news release: "Since the initial spinout of Vizsla Royalties in 2024, we have focused on value creation for shareholders and providing long-term exposure to the world's largest, high-grade silver primary resource at Panuco." The Panuco Project covers approximately 9,800 hectares and includes the Copala and Napoleon deposits. The companies stated that the Panuco royalties cover most of the district through a 3.5% NSR on Silverstone concessions and a 2.0% NSR on Rio Panuco concessions. Completion of the transaction remains subject to shareholder, court, exchange, and regulatory approvals, including approval from the National Antitrust Commission of Mexico. The companies stated the transaction is expected to close in the third quarter of 2026. <h2 style="text-align: center;" data-start="0" data-end="95">Precious Metals Markets Navigated Inflation Pressures, Interest Rates, and Diverging Signals</h2> <a href="https://seekingalpha.com/article/4904368-silvercorp-metals-stock-buy-driven-sector-low-aisc-strong-silver-price-tailwinds" target="_blank" rel="noopener">According to a May 14 analysis from The Sharpe Quest, activity across the precious metals sector reflected a combination of silver price movement</a>, mining cost trends, and broader market positioning. The report stated that "new all-time highs... coincided with a new push in silver," while also noting that silver had "closed near US$84." The report also reviewed operational metrics within the silver industry and stated that all-in sustaining cost remained a closely watched measure. According to the analysis, mining operations were running at approximately "US$12.86/oz of silver," which it described as "well below peers." The report further stated that by-product contributions from lead and zinc reduced overall operating costs, writing that "the by-products pay more than the cost of operating the mine." The Sharpe Quest analysis also examined broader supply conditions and reported that "the silver market has already accumulated a deficit for the sixth consecutive year," describing the trend as a "structural tailwind." The report additionally stated that options activity indicated "investor positioning is optimistic," while market participants appeared "positioned to let a long position run." Broader macroeconomic conditions later introduced pressure across precious metals markets. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan, inflation concerns and rising borrowing costs weighed on commodities as investors reassessed inflation expectations and monetary policy conditions.</a> The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals." Bloomberg also cited ANZ Group Holdings analysts Daniel Hynes and Soni Kumari, who wrote that "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco Media similarly reported on May 15 that Treasury yields, inflation data, and U.S. dollar strength affected market sentiment.</a> The publication stated that "every move higher" in gold prices had been "capped by hotter inflation data, higher yields and a stronger dollar." Marc Chandler of Bannockburn Global Forex also commented that "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." Market participants presented differing views on near-term conditions. Adrian Day of Adrian Day Asset Management stated that "gold will likely continue to be quite volatile as short-term competing forces each take the upper hand in turns," while adding that "steady buying from central banks and others" remained part of the broader backdrop. Daniel Pavilonis of RJO Futures stated that "It's just not going to be an easy trade like it was a few months ago," and added that markets had become "kind of jittery" as investors reacted to inflation and Treasury activity. <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">On May 16, Muhammad Umair reported that inflation concerns expanded beyond energy markets into broader economic conditions. </a>The report stated that "Inflation is back on the upswing" and noted that pricing pressure had begun affecting wider market expectations. It further stated that "inflation pressure is spreading beyond energy," contributing to higher Treasury yields and continued U.S. dollar strength. The report stated that gold continued to receive support from "higher inflation, geopolitical risk and trade uncertainty," while rising yields and dollar strength remained sources of pressure. Silver was also described as benefiting from demand for hard assets and inflation-related themes, although "higher yields and strong U.S. dollar" continued to limit momentum. <h2 style="text-align: center;" data-start="0" data-end="86">Royalty Deal Spotlighted Panuco Scale, Exploration Potential, and Transaction Terms</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/avino-silver-gold-aya-gold-silver-vizsla-royalties/" target="_blank" rel="noopener">According to a May 14 Silver Advisor report from Peter Krauth and Ted Butler</a>, Elemental Royalty's proposed acquisition of Vizsla Royalties was discussed in connection with royalty exposure to the Panuco silver-gold project. The report stated that under the agreement, "Vizsla Royalties shareholders get a flexible, value-rich choice of 0.15 Elemental shares, CA$4.13 in cash, or a blended mix," and noted that the transaction valued the business at approximately CA$327 million. The May 14 report also wrote that the transaction would combine "Vizsla's high-grade Panuco silver-gold royalty with Elemental's diversified, cash-flowing royalty portfolio, creating a more powerful platform with near-term revenue and long-term growth upside." It further described the Panuco Project as "a large-scale 9,800-hectare silver-gold district expected to become a major production asset," with "potential output of around 17.4 million silver-equivalent ounces annually and strong life-of-mine royalty rates of 2.0%-3.5% NSR." The report also discussed exploration activity at Panuco, stating that "the project still holds significant exploration upside, with most of the land underexplored, extensive drilling already completed, and additional discovery potential remaining open along strike and at depth." Silver Advisor also addressed trading activity following the announcement and wrote that "Vizsla Royalties shares are up 17% on this news, which is excellent but remain below the CA$4.13 offer." The report stated that "the market may be holding out to see if this deal gets approved and finalized, or if a superior bid comes along." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <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:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="6e25842f-1b42-4686-bd41-3c174bb9f041" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="275" data-end="345">Permitting, Drilling, and Development Activities: Outline Next Steps</h2> <a href="https://wp-vizslasilvercorp-2024.s3.ca-central-1.amazonaws.com/media/2026/05/VZLA-Corp-Deck-May-2026-FINAL.pdf" target="_blank" rel="noopener">According to the company presentation</a>, multiple operational and development activities were outlined over the next 12 months at the Panuco Project. Key environmental and operating permits remained a focus, with the Management Impact Assessment (MIA) submitted in February 2025 and approval targeted for the second half of 2026. The presentation stated that construction decisions were planned immediately following receipt of key environmental and operating permits. The presentation also described ongoing work at the test mine, which was delivering metallurgical testing, geophysical orientation work, and geotechnical data while stockpiling high-grade ore. The company stated this work was intended to support project de-risking efforts and operational preparation. Approximately 25 million silver equivalent ounces of inferred resources at Copala were also identified as a target area for future drilling aimed at upgrading resource confidence and extending mine life. [OWNERSHIP_CHART-11551] Exploration activity was also outlined across several areas of the district. The presentation referenced multiple expansion targets within haulage distance and follow-up drilling at Animas and East Panuco, designed to define additional mineralized centers. Santa Fé was identified as an additional source of near-mine silver-gold targets, with the property described as offering mine-life extension potential. The broader development timeline in the presentation showed permitting activity extending through 2026, construction activities beginning during 2026, and a first silver target in the second half of 2027. <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="83b2d528-25ea-46d0-be31-f4afae9e7571" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;">Ownership & Share Information1</h2> 3.13% of Vizsla Royalties is held by investors. Institutions hold 19.06%, with Mackenzie Financial owning 5.13% and IXIOS Asset owning 4.85%. The rest is retail. Vizsla has a market cap of CA$ 178.87 million, 65.27 million free float shares, and a 52-week range of CA$1.95- CA$5.20. <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> </section> </div> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div>Important Disclosures:<ol> <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=31232"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31232" width="0" height="0"> ( Companies Mentioned: VROY:TSX.V, ) Mon, 18 May 2026 00:00:00 PST Nevada Silver Project Reaches Major U.S. Market Milestone https://www.streetwisereports.com/article/2026/05/18/nevada-silver-project-reaches-major-u-s-market-milestone.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/nevada-silver-project-reaches-major-u-s-market-milestone.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Prince Silver Corp. (RNC:CSE; PRNCF:OTCQB; T130:FRA) upgraded to the OTCQX Best Market while advancing a 9,000-meter drill program and targeting a maiden NI 43-101 resource estimate by the end of 2026.Prince Silver Corp. (RNC:CSE; PRNCF:OTCQB; T130:FRA) announced<a href="https://princesilvercorp.com/prince-silver-files-ni-43-101-technical-report-stampede-gap-porphyry-copper-gold-molybdenum-nevada-2/" target="_blank" rel="noopener"> that its common shares qualified to trade on the OTCQX Best Market in the United States and began trading under the symbol PRNCF, upgrading from the OTCQB Venture Market.</a> The company stated that the move came as it continued advancing its flagship Prince Silver Project in Nevada toward a maiden NI 43-101 compliant mineral resource estimate targeted by the end of 2026. According to the company, the Prince Project is located in Nevada's Pioche Mining District and hosts a polymetallic system containing silver, zinc, manganese, lead and gold mineralization. Prince Silver stated that silver remained its primary focus and principal commodity exposure, while recent and historical work had also highlighted the relevance of gold within the broader mineralized system. The company said its ongoing approximately 9,000-meter reverse-circulation drilling program was designed to validate historical drilling, test extensions to known mineralized horizons, and support completion of the maiden NI 43-101 compliant resource estimate. The project features near-surface mineralization historically tested by more than 129 drill holes and remains open in multiple directions. "Graduating to the OTCQX Best Market is an important step in broadening Prince Silver's visibility with U.S. investors as we continue to advance the Prince Project toward a maiden NI 43-101 resource estimate by the end of 2026," <a href="https://princesilvercorp.com/prince-silver-files-ni-43-101-technical-report-stampede-gap-porphyry-copper-gold-molybdenum-nevada-2/" target="_blank" rel="noopener">Derek Iwanaka, Chief Executive Officer of Prince Silver, said in a company news release.</a> Iwanaka added that, "The Prince Project is emerging as a large silver-led polymetallic system with meaningful exposure to zinc, manganese, lead, and gold." The company stated that OTCQX was designed for established, investor-focused U.S. and international companies and that qualification required companies to meet financial standards, follow corporate governance requirements, and demonstrate compliance with applicable securities laws. <h2 style="text-align: center;" data-start="0" data-end="78">Precious Metals Sector Faces Pressure From Yields, Inflation, and Supply Shifts</h2> <a href="https://www.kitco.com/news/article/2026-05-14/silver-price-outlooks-chopped-supply-deficit-forecasted-narrow-dramatically" target="_blank" rel="noopener">According to a May 14 report from Kitco Media</a>, UBS strategists revised their silver outlook as they reassessed market fundamentals. The analysts wrote that, "For 2026, we expect weaker demand from photovoltaics due to elevated prices; higher prices are also weighing on silverware and jewelry demand." They estimated that those channels would reduce demand by approximately 50 million ounces. The Kitco report also stated that total known ETF holdings had dropped by nearly 70 million ounces to around 794 million ounces, while speculative futures positioning had declined. UBS lowered its estimate for full-year investment demand from above 400 million ounces to 300 million ounces. The firm also projected that the silver market supply deficit could narrow to approximately 60 million to 70 million ounces, compared to a previous estimate of 300 million ounces. "Consistent with the smaller deficit, we have trimmed our price outlook across all forecast horizons," the strategists stated. <a href="https://www.stonex.com/en/insights/gold-and-silver-lose-momentum-as-yields-rise/" target="_blank" rel="noopener">StoneX Media wrote on May 15 that gold and silver markets had encountered broader macroeconomic pressure linked to higher global bond yields and a stronger U.S. dollar.</a> The report stated that "inflation expectation linked to prolonged energy market recovery risks" had increased demand for yield-bearing assets while reducing interest in non-yielding precious metals. According to the StoneX report, FOREX.com market analyst Razan Hilal said that, "higher inflation expectations are keeping a bullish outlook for global bond yields and U.S. bond yields, pressuring the overall price outlook against gold and silver prices." Hilal also commented on silver's market behavior, stating that "silver sometimes tends to extend a late rally and then catch up with gold with an aligned downturn." <a href="https://www.fxempire.com/forecasts/article/silver-xag-forecast-silver-market-crushed-by-yields-spike-and-dollar-surge-1598229" target="_blank" rel="noopener">Additional pressure on silver prices was highlighted by James Hyerczyk in a May 15 commodities analysis</a>, which described a sharp market reaction to inflation data and interest rate expectations. Hyerczyk wrote that spot silver had traded at US$76.45 after falling US$7.07, or 8.46%, during the session. He also noted that "rising bond yields increased the opportunity cost of holding non-yielding silver assets." The report stated that U.S. Treasury yields had moved higher as inflation readings exceeded expectations. Hyerczyk wrote that "Three inflation prints killed that assumption" regarding expectations for future monetary easing. He also observed that "silver gets hit harder than gold in this environment because it sits between the precious metals market and the industrial economy." <h2 style="text-align: center;" data-start="2471" data-end="2851">Third-Party Analysis Highlights U.S. Market Upgrade Ahead of Maiden Resource</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <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-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-turn-id-container="request-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-testid="conversation-turn-14" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--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"> <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="d35c0fd1-727c-47bd-9496-1cd319641ddb" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Prince Silver received favorable third-party commentary following its OTCQX upgrade. <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/aztec-minerals-onyx-gold-prince-silver-the-p-in-paydirt/#ps" target="_blank" rel="noopener">Writing on May 14, senior analyst Jeff Valks stated that the move came "ahead of its maiden resource" and said the listing change provided "better visibility and accessibility in the U.S."</a> as the company advanced work at its Nevada project. Valks described the project as a "silver-led polymetallic system" and noted that gold was being given "a larger supporting role as drilling continues to validate and expand known zones." He maintained that "The stock remains a Buy," and added that while "this news is not a drill-result barnburner," the OTCQX listing represented "a market-access upgrade at a useful time" as drilling, metallurgy, and resource work continued. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-start="1969" data-end="2014">Project Activity and Development Timeline</h2> <a href="https://wp-princesilver-2025.s3.ca-central-1.amazonaws.com/media/2026/05/Prince-Silver-Full-Presentation_May-2026.pdf">Additional details from the company's May 2026 presentation outlined several operational programs underway at the Prince Silver Project.</a> The company stated that Phase 1 drilling was being conducted with two reverse-circulation drill rigs as part of a 9,000-meter program. According to the presentation, a second rig had been added in mid-January to increase drilling activity. [OWNERSHIP_CHART-11491] Prince Silver stated that assay results from the Phase 1 program covering January through May were being released, while a Phase 2 drilling program was planned to include infill, step-out, and depth testing activities designed to expand the mineralized footprint. The company also indicated that additional Phase 2 assay results were expected during the second half of the year. The presentation stated that metallurgical test work had been ongoing from late 2025 and described the work as a multi-stage testing program. It also stated that the company planned to combine new and historical drill data for a maiden NI 43-101 mineral resource estimate in the fourth quarter. The presentation further stated that the company had staked approximately 656 new acres, more than doubling its land package at the Prince Silver Project. According to the presentation, the expansion secured more than seven kilometers of prospective strike length along the mineralized fault system. <h2 style="text-align: center;">Ownership & Share Information1</h2> Management and insiders hold 4.88% of Prince Silver. The rest is retail. Prince Silver has a market cap of CA$31.26 million, with 58.88 million shares outstanding. The company's 52-week range is CA$0.69-CA$0.74. <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>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=31231"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31231" width="0" height="0"> ( Companies Mentioned: RNC:CSE; PRNCF:OTCQB; T130:FRA, ) Mon, 18 May 2026 00:00:00 PST Canadian Explorer Reports Broad Timmins Gold Mineralization Expansion https://www.streetwisereports.com/article/2026/05/18/canadian-explorer-reports-broad-timmins-gold-mineralization-expansion.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/canadian-explorer-reports-broad-timmins-gold-mineralization-expansion.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Onyx Gold Corp. (ONYX:TSX.V) extended its Argus gold system in Ontario with broad mineralized intercepts and over 50,000 meters of drilling still planned, expert to buy more stock.On March 14, 2026, Onyx Gold Corp. (ONYX:TSX.V) announced <a href="https://www.stockwatch.com/News/Item/Z-C!ONYX-3820511/C/ONYX" target="_blank" rel="noopener">new drill results</a> from its fully-funded, massive 110,000-meter drill program at its Munro-Croesus project near Timmins, Ontario. The results encompass 18 drill holes from both the Argus Main and Argus North zones and outlined a gold system extending over 1.4 kilometers of strike length and more than 500 meters vertically. These results support the company's belief that ". . . northeast-trending structural corridors are controlling higher-grade gold mineralization across the Argus zones, and potentially along multiple kilometers of the Pipestone Fault corridor." Two holes were drilled in the Argus Main zone, with gold (Au) highlights as follows: <ul> <li>69.9 m grading 0.7 grams per tonne (g/t) Au (Upper Zone) in drill hole MC26-288, including 16.5 m grading 2.1 g/t Au, and a second deeper intersection of 43.0 m grading 0.3 g/t Au (Middle Zone), and a third deeper intersection of 58.5 m grading 0.6 g/t Au (Lower Zone), including 12.3 m grading 1.8 g/t Au</li> <li>126.2 m grading 0.3 g/t Au (Upper Zone) in drill hole MC26-292, including 6.0 m grading 1.2 g/t Au, and a second deeper intersection of 40.7 m grading 1.3 g/t Au (Middle Zone), including 5.8 m grading 5.8 g/t Au, and a third deeper intersection of 120.2 m grading 0.4 g/t Au (Lower Zone), including 18.5 m grading 1.3 g/t Au</li> <li>Three stacked mineralized zones intersected in both drill holes from near-surface to approximately 400 m depth, with total cumulative downhole widths of 287.1 m of mineralization in MC26-292 and 171.4 m of mineralization in MC26-288</li> <li>The new drill holes extend mineralization a further 40 m northeast from previously reported discovery holes MC26-267 and MC26-270</li> <li>Mineralization at Argus Main appears linked to high-grade surface channel and grab samples grading between 5.2 g/t Au and 14.7 g/t Au over a 35 x 30 m area</li> <li>Argus Main remains open along strike and at depth with one drill rig dedicated to systematic expansion drilling</li> </ul> Highlights from 16 drill holes at the Argus North zone include: <ul> <li>28.0 m grading 1.6 g/t Au (from surface), in drill hole MC25-248, including</li> <ul> <li>2.0 m grading 6.5 g/t Au, AND</li> </ul> <li>42.0 m grading 1.8 g/t Au, including</li> <ul> <li>4.0 m grading 8.0 g/t Au</li> </ul> <li>42.0 m grading 1.4 g/t Au (from surface), in drill hole MC25-251, including</li> <ul> <li>7.8 m grading 3.5 g/t Au, AND</li> </ul> <li>45.9 m grading 1.4 g/t Au, including</li> <ul> <li>19.0 m grading 2.6 g/t Au, and including</li> <li>4.0 m grading 7.2 g/t Au</li> </ul> <li>48.9 m grading 1.2 g/t Au, in drill hole MC25-238, including</li> <ul> <li>2.0 m grading 2.9 g/t Au</li> </ul> <li>34.8 m grading 1.2 g/t Au, in drill hole MC26-266, including</li> <ul> <li>12.0 m grading 2.4 g/t Au</li> </ul> <li>Argus North continues to deliver broad zones of gold mineralization from surface to depth, reinforcing the expansion potential of the zone and the greater Argus mineralized corridor</li> </ul> <a href="https://www.stockwatch.com/News/Item/Z-C!ONYX-3820511/C/ONYX" target="_blank" rel="noopener">Brock Colterjohn, Onyx Gold's president and CEO, said</a> in the press release, "These latest results continue to demonstrate the growing scale and continuity of the Argus system and further validate our interpretation that northeast-trending structures are controlling higher-grade gold mineralization across multiple zones. What is particularly exciting is that Argus Main is beginning to show characteristics similar to Argus North, with broad mineralized envelopes containing higher-grade intervals associated with these structures. With four rigs active and more than 50,000 m still to drill this year, we believe we are still in the early stages of unlocking the broader potential of the system along the Pipestone Fault corridor." The company's Munro-Croesus project is roughly 75 km east of Timmins and sits in the heart of the Abitibi greenstone belt, Canada's premier gold mining jurisdiction. According to the company, "The project covers 112 km2 of highly prospective geology within the influence of major gold-bearing structural breaks. Bulk-tonnage gold deposits located in the immediate region include the Fenn-Gib gold project being developed by Mayfair Gold (MFGCF:OTCMKTS) and the Tower Gold Project being developed by STLLR Gold Inc. (MEAUD:OTCMKTS; STLR:TO)." A Canadian exploration company, Onyx Gold Corp. is focused on district-scale gold opportunities in Ontario and the Yukon territory. <h2 style="text-align: center;">Gold Slowing but Still Up</h2> Gold's meteoric price rise has slowed since the beginning of the U.S.-Iran War, gaining only 0.03% since yesterday at US$4,541.69 per ounce. However, <a href="https://www.usatoday.com/story/money/personalfinance/2026/05/18/gold-price-on-may-18-2026/90139928007/" target="_blank" rel="noopener">gold has shot up 41.80% since this time last year</a>, and the market remains bullish despite recent slowdowns. Global and geopolitical uncertainties, coupled with fears of inflation and concern of President Donald Trump's volatile social media presence affected prices at the beginning of the week. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-18-gold-and-silver-slip-as-iran-tensions-grow-111307820.html" target="_blank" rel="noopener">Tim Manni of Yahoo Finance</a> reported on May 18, 2026, that, "Once again, the president’s Truth Social posts are part of the headlines this morning. Last week, it was President Trump’s weekend reaction to a peace proposal from Iran, calling it 'TOTALLY UNACCEPTABLE!' Today, markets are reacting to his post from Sunday, saying, 'For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them.' Couple the increased rhetoric with drone strikes over the weekend, and stock futures are holding lower this morning, oil prices are higher, Treasury yields are up, and gold and silver prices are down." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Expert to Buy More Stock</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/aztec-minerals-onyx-gold-prince-silver-the-p-in-paydirt/#og" target="_blank" rel="noopener">Jeff Valks of The Gold Advisor weighed in on Onyx Gold</a> on May 14, 2026, rating the stock as a "Buy", saying: "Onyx has four rigs active, about CA$20 million in cash, and more than 50,000 meters still to drill this year. Argus is gaining scale, continuity, and repeatability. That is a strong combination in Timmins." Valks noted that he holds a long position on the company, while his colleague, Jeff Clark, looks to purchase more of the stock. <a href="https://onyxgold.com/investors/investors-presentations/" target="_blank" rel="noopener">Investors</a>, along with Valks, await results from the remaining meters planned in the 2026 drill program. <h2 style="text-align: center;">Ownership & Share Information1</h2> Onyx Gold Corp. has a market cap of CA$117.30 million, with 85.62 million shares outstanding. The company's 52-week range is CA$0.91-CA$2.60. Insiders & Management own 5% of shares, while Strategic Investors own 21%. Institutions own 32% of shares, and the remaining 42% are Retail. [OWNERSHIP_CHART-11532] <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=31230"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31230" width="0" height="0"> ( Companies Mentioned: ONYX:TSX.V, ) Mon, 18 May 2026 00:00:00 PST