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. Ontario Gold Developer Secures First Nations Deal for 3.1Moz Springpole https://www.streetwisereports.com/article/2026/09/04/ontario-gold-developer-secures-first-nations-deal-for-3-1moz-springpole.html Source: <a href="https://www.streetwisereports.com/article/2026/09/04/ontario-gold-developer-secures-first-nations-deal-for-3-1moz-springpole.html?utm_medium=feed">Streetwise Reports 09/04/2026</a> First Mining Gold advances the Springpole Gold Project in Ontario after signing a major consultation agreement. Learn the reserves, production outlook, and next catalysts for retail investors.First Mining Gold Corp. (FF:TSX; FFMGF:OTCQX; FMG:FRA) has taken a major step forward with<a href="https://www.firstmininggold.com/news/cat-lake-first-nation-lac-seul-first-nation-and-first-mining-sign-project-agreement-for-the-development-of-the-springpole-gold-project" target="_blank" rel="noopener"> a definitive project agreement </a>that supports construction, operations, and closure at its Springpole Gold Project in Northwestern Ontario. The new agreement provides a clear path for environmental stewardship, training programs, employment priorities, business contracts, and financial participation for Cat Lake First Nation and Lac Seul First Nation. <h2 style="text-align: center;">Strong Quantified Catalyst for Retail Investors</h2> Springpole hosts probable reserves of 102 million tonnes grading 0.94 grams per tonne gold and 4.9 grams per tonne silver. That equals 3.1 million ounces of gold and 16.1 million ounces of silver. The 2025 pre-feasibility study projects average annual gold output of 330,000 ounces over the first five years of production. At a US$3,100 per ounce gold price, the study shows a post-tax net present value of US$2.1 billion using a 5 percent discount rate and a post-tax internal rate of return of 41 percent. Net present value measures the current worth of all future cash flows, while the internal rate of return shows the expected annual return on the project. <h2 style="text-align: center;">Why the Agreement Matters </h2> The consultation and benefits agreement followed more than four years of work and an Anishinaabe-led impact assessment. It covers every phase from construction through closure. Key provisions include ongoing environmental monitoring, adaptive management practices, preferential hiring and training, equity participation, and recognition of cultural values. These elements reduce project risk for investors by aligning community and company interests. <h2 style="text-align: center;">Company Position and Project Scale</h2> First Mining Gold now holds federal Environmental Assessment approval granted in June 2026. The company is one of the largest undeveloped open-pit gold assets in Canada by contained ounces. Exploration targets such as the East Extension remain open and have returned intercepts, including 134.2 meters at 0.75 grams per tonne gold. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>The project agreement with Cat Lake First Nation and Lac Seul First Nation covers construction, operations, and closure while providing training, employment, and financial benefits.</li> <li>Probable reserves stand at 3.1 million ounces gold and 16.1 million ounces silver, with a PFS showing US$2.1 billion post-tax NPV at a 5 percent discount rate.</li> <li>Federal Environmental Assessment approval is complete, and provincial approval, plus an updated feasibility study, are the next major milestones.</li> <li>Gold prices above US$4,400 per ounce improve project economics and sector sentiment for Canadian developers.</li> <li>Analyst targets range from CA$1.25 to CA$1.75 per share, with multiple Buy ratings maintained after recent de-risking steps.</li> <li>Exploration across the 75,000-hectare Birch-Uchi land package offers additional resource growth potential near the main deposit.</li> </ul> <h2 style="text-align: center;">Gold Sector Context and Timing</h2> Gold recently traded above US$4,400 per ounce. <a href="https://www.kitco.com/news/article/2026-09-02/gold-looks-cheap-debt-inflation-and-uncertainty-threaten-fiat-currencies" target="_blank" rel="noopener">According to a September 2 Kitco News report,</a> central banks purchased a net 289 tonnes in the second quarter, up 62 percent year over year. <a href="https://www.cnbc.com/2026/09/03/gold-rises-as-dollar-and-yields-ease-ahead-of-us-payrolls-report.html" target="_blank" rel="noopener">Later on September 2, CNBC reported that gold strengthened</a> as the dollar and yields eased ahead of U.S. employment data. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics reported on September 3 that gold had climbed above US$4,400 per ounce,</a> closing at US$4,428.54. <h2 style="text-align: center;">Views and Valuation</h2> Haywood analysts reiterated a Buy rating and CA$1.25 target while highlighting resource growth potential at First Mining's projects. Cantor Fitzgerald raised its target to CA$1.50 and called the federal approval a key catalyst. Ventum has a CA$1.40 target for First Mining. <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/metals-keep-pushing-higher-and-our-stocks-are-making-moves/#fm" target="_blank" rel="noopener">Jeff Clark, Daniel Flynn, and Sharyn Alexander of The Paydirt Prospector pointed to permitting and community agreements as key developments for First Mining Gold in an August 27 update</a>. They maintained a Buy rating and noted the project is moving toward the pre-production stage. <h2 style="text-align: center;">Upcoming Catalysts and Exploration</h2> Next milestones include a provincial Environmental Assessment decision, an updated feasibility study expected by mid-2027, and a possible construction decision by the end of 2027. <a href="https://www.firstmininggold.com/_resources/presentations/corporate-presentation.pdf?v=090309" target="_blank" rel="noopener">First Mining's September 2026 corporate presentation</a> outlines these steps along with ongoing drilling at the East Extension and regional targets. The broader Birch-Uchi strategy covers 75,000 hectares and includes multiple advanced targets. Early drilling at the Saddle target returned intercepts such as 0.92 grams per tonne gold over 114 meters. [OWNERSHIP_CHART-7473] <h2 style="text-align: center;">Share Structure and Liquidity1</h2> Management and insiders own about 5.10 percent. Institutions hold roughly 9.41 percent. Market capitalization stands near CA$1.31 billion with 1.41 billion shares outstanding. The stock has traded between CA$0.21 and CA$0.98 over the past 52 weeks. Retail investors should note that junior mining shares can be volatile and that further permits and financing will be required before production begins. <h2 style="text-align: center;">Common Questions from Investors</h2> What agreement did First Mining Gold sign for the Springpole Gold Project? The company signed a consultation and benefits agreement with Cat Lake First Nation and Lac Seul First Nation that covers construction, operations, and closure and includes environmental, training, and financial provisions. Has Springpole received federal Environmental Assessment approval? Yes. Approval was granted in June 2026 and is viewed by analysts as a major de-risking milestone. What are the next major milestones? Provincial Environmental Assessment approval, an updated feasibility study, and detailed engineering work are the primary near-term catalysts. How large is the Springpole resource? Probable reserves contain 3.1 million ounces of gold and 16.1 million ounces of silver. Indicated resources total approximately 4.8 million ounces of gold. What is the current gold price environment? Gold traded above US$4,400 per ounce in early September 2026, supported by central-bank buying and macroeconomic uncertainty. Retail investors now have a clearer view of Springpole's timeline and community support. Continued progress on permits and studies will determine how much of the project's US$2.1 billion NPV is reflected in the share price over the coming quarters. <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> Jordan Nova 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=32427"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32427" width="0" height="0"> ( Companies Mentioned: FF:TSX;FFMGF:OTCQX;FMG:FRA, ) Fri, 04 Sep 2026 00:00:00 PST Ontario Gold Producer Delivers 51% Q2 Production Rise at Madsen https://www.streetwisereports.com/article/2026/09/03/ontario-gold-producer-delivers-51-q2-production-rise-at-madsen.html Source: <a href="https://www.streetwisereports.com/article/2026/09/03/ontario-gold-producer-delivers-51-q2-production-rise-at-madsen.html?utm_medium=feed">Streetwise Reports 09/04/2026</a> West Red Lake Gold Mines reported 8,576 ounces of gold output in Q2, up 51% from Q1, with AISC inside guidance and positive free cash flow. Learn the key drivers and next steps for retail investors.<a href="https://www.streetwisereports.com/pub/co/5614?utm_medium=feed" target="_blank" rel="noopener">West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE)</a> reported<a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3858452/C/WRLG" target="_blank" rel="noopener"> improved second-quarter 2026 operating and financial results from the Madsen Mine in Ontario's Red Lake mining district, with gold production increasing 51% from the first quarter and all-in sustaining costs declining 30%.</a> West Red Lake Gold Mines posted a sharp rise in gold output during the second quarter of 2026. Production climbed 51 percent to 8,576 ounces from the prior quarter, while all-in sustaining costs fell within the company's full-year target range. This performance matters for retail investors because it shows the Madsen operation is moving toward steadier output and lower unit costs at a time when gold prices remain elevated above US$4,000 per ounce. <h2 style="text-align: center;">Why the Q2 Results Stand Out for Investors</h2> Gold production reached 8,576 ounces in Q2, up from 5,667 ounces in Q1, while gold sales increased 34 percent to 8,260 ounces. Cash costs decreased 23 percent to US$2,000 per ounce sold. All-in sustaining costs declined to US$3,284 per ounce sold, bringing Q2 AISC within the company's 2026 guidance range of US$2,800 to US$3,600 per ounce. West Red Lake Gold generated US$9.7 million of positive free cash flow during the quarter and ended Q2 with approximately US$31.2 million in cash and cash equivalents. Non-sustaining growth capital expenditures totaled CA$6.32 million, primarily related to continued advancement of the Fork Deposit access drift and the Madsen shaft refurbishment project. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Gold output rose 51 percent quarter over quarter to 8,576 ounces while AISC dropped 30 percent to US$3,284 per ounce, landing inside 2026 guidance.</li> <li>Positive free cash flow of US$9.7 million and a cash balance of nearly US$31.2 million give the company flexibility for ongoing development work.</li> <li>The hub-and-spoke model pairs the Madsen mill with the high-grade Rowan resource, which saw a 70 percent increase in indicated ounces in the latest estimate.</li> <li>Development at Fork and the 904 Complex is expected to add new mining fronts to the production profile in 2027, while mill processing rates are expected to increase toward approximately 1,000 tonnes per day during the second half of 2026.</li> <li>Analysts at Cantor Fitzgerald maintain a Buy rating and CA$2.20 target after incorporating the Q2 results.</li> <li>Gold market conditions remain supportive, with prices up more than 24 percent year over year despite short-term volatility.</li> </ul> <h2 style="text-align: center;">Company Position and Operational Advantages</h2> "Q2 demonstrated the progress we are making at Madsen, with higher mining rates and gold production translating into stronger financial performance," <a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3855864/C/WRLG" target="_blank" rel="noopener">CEO Shane Williams stated in the company's August 25 press release</a>. "Gold production increased 51%, and gold sales increased 34% over Q1, contributing to a 30% reduction in AISC to US$3,284 per ounce, within our 2026 guidance range, while Madsen generated US$9.7 million of positive free cash flow." Higher mining rates relative to mill throughput also allowed the company to establish a surface stockpile. As of June 30, the stockpile contained approximately 10,768 tonnes of ore. Williams said on an August 26 webcast that higher mining rates, improved grades, and higher mill throughput contributed to the quarter's increased gold production. <h2 style="text-align: center;">Key Assets and Upcoming Catalysts</h2> The company's hub-and-spoke strategy includes the Rowan Project, which is within trucking distance of the Madsen mill. An updated 2026 Mineral Resource Estimate increased Rowan's Indicated gold ounces by 70% to 335,058 ounces at 13.04 g/t gold from 196,747 ounces at 12.78 g/t gold in the 2025 estimate. Inferred gold ounces increased 52% to 179,029 ounces grading 15.31 g/t gold, from 118,155 ounces grading 8.73 g/t gold in the 2025 estimate. West Red Lake Gold's August 2026 corporate presentation outlined several development, mining, and exploration programs extending through the second half of 2026, 2027, and 2029. The company maintained 2026 production guidance of 35,000 to 45,000 ounces, with approximately 60% weighted toward the second half of the year. At Madsen, the company is advancing work across the 4447, 960, and 904 complexes, the Fork satellite deposit, and the eastern connection toward the Derlak complex. Mining at the 960 and 4447 complexes is planned across 2026, while the 904 Complex and Fork are expected to enter the production profile in 2027. The 904 Complex is a completely intact panel of gold mineralization approximately 200 meters by 200 meters within Madsen that was not historically mined. Drilling is underway to define multiple high-grade, near-infrastructure lenses. Highlighted 2026 drilling included 215.46 g/t gold over 5.35 meters on April 13 and, from February 25 results, 219.73 g/t gold over 4.8 meters, 148.36 g/t gold over 3 meters, and 133.13 g/t gold over 2.5 meters. At Fork, a 3,200-meter drill program was completed, and initial development is underway, with development expected to continue through H2 2026. A high-grade portion of the Fork deposit is approximately 250 meters from existing underground workings, and the deposit is expected to enter the company's 2027 production profile. <h2 style="text-align: center;">Broader Gold Market Context</h2> <a href="https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market" target="_blank" rel="noopener">According to an August 28 report from Kitco News,</a> gold had come under selling pressure after Kevin Warsh emphasized inflation risks during his Jackson Hole speech. Warsh said the Fed's preferred measure of inflation stood above its target and added, "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do." <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-august-31-2026-gold-sinks-following-us-strikes-on-iran-123744944.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on August 31</a> that renewed military conflict in the Middle East and increased expectations for a Federal Reserve rate increase had weighed on precious metals. The report stated, "Renewed military conflict in the Middle East and growing bets that the Fed will soon raise rates are weighing on precious metal prices this morning." Yahoo also reported that gold remained up 9.3% over one month and 30.6% over one year at that time. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics data dated September 1 showed gold at US$4,382.57 per ounce</a>, down 1.32% for the day but up 8.12% over the preceding month and 24.04% year-over-year. <h2 style="text-align: center;">Views and Valuation</h2> <a href="https://www.streetwisereports.com/pub/na/31848?utm_medium=feed" target="_blank" rel="noopener">Cantor Fitzgerald analysts Matthew O'Keefe and Nicholas Lobo focused on the Rowan Project in a June 9 note</a> following an updated mineral resource estimate and the maiden mineral resource estimate for the nearby Mount Jamie deposit. They said the revised Rowan estimate reflected "the results of a highly focused 6,300 m resource conversion drill program." <a href="https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html?utm_medium=feed" target="_blank" rel="noopener">Following the update</a>, Cantor maintained its rating and target for West Red Lake Gold. "We maintain our Buy rating and CA$2.20/share target price," O'Keefe and Lobo wrote. In an August 28 research update, O'Keefe reiterated his Buy rating on West Red Lake Gold and maintained his CA$2.20 per share price target after incorporating the company's second-quarter financial and operating results. "We maintain our Buy rating and CA$2.20/share target price based on equally blended 0.6x NAV/6.0x 2027E CFPS (unchanged)," O'Keefe wrote. <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/a-new-best-buy-our-latest-copper-pick-reinforces-its-takeout-potential-plus-six-more-stock-updates-and-a-new-ground-truth-from-geologist-sharyn-alexander/#wr" target="_blank" rel="noopener">Jeff Clark and Daniel Flynn of The Paydirt Prospector discussed the completion of Phase One of the Madsen shaft refurbishment on August 13,</a> describing the work as "a useful piece of the Madsen turnaround plan." <h2 style="text-align: center;">Share Structure and Near-Term Events1</h2> Institutional investors hold approximately 30% of West Red Lake Gold's shares, with insiders and advisors holding another 10%. The remaining 60% is held by retail investors. The company's current market cap is ~CA$370 million, with a 52-week trading range of CA$0.59 to CA$1.49. [OWNERSHIP_CHART-5614] Other work identified for H2 2026 includes continued shaft refurbishment and exploration at Starratt-Olsen and North Shore. The company's 2027 plans include material underground development, scaling shaft haulage capacity, further advancement of the 13 Level East Drive to open additional mining fronts, and continued resource expansion drilling. <h2 style="text-align: center;">Common Questions from Investors</h2> What were West Red Lake Gold's Q2 2026 gold production results? West Red Lake Gold Mines Ltd. produced 8,576 ounces of gold at the Madsen Mine in Q2 2026, a 51% increase from Q1. Gold sales increased 34% to 8,260 ounces during the quarter. What were West Red Lake Gold's Q2 2026 cash costs and all-in sustaining costs? Cash costs decreased 23% to US$2,000 per ounce sold from US$2,594 per ounce in Q1. All-in sustaining costs, or AISC, decreased 30% to US$3,284 per ounce sold from US$4,678 per ounce in Q1. How much free cash flow did the Madsen Mine generate in Q2 2026? West Red Lake Gold reported US$9.7 million of positive free cash flow during Q2 2026 and ended the quarter with approximately US$31.2 million in cash and cash equivalents. What is West Red Lake Gold's 2026 production guidance for the Madsen Mine? West Red Lake Gold's 2026 production guidance is 35,000 to 45,000 ounces of gold, with approximately 60% of production weighted toward the second half of 2026. What is the latest Rowan Project gold resource estimate? The 2026 Rowan Mineral Resource Estimate contained 335,058 indicated gold ounces grading 13.04 g/t gold and 179,029 inferred ounces grading 15.31 g/t gold. Indicated ounces increased 70%, and inferred ounces increased 52% compared with the 2025 estimate. <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>West Red Lake Gold Mines Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>Jordan Nova 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=32419"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32419" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE, ) Fri, 04 Sep 2026 00:00:00 PST Idaho Stibnite Advances with 5,800m Drilled and Autoclave Work https://www.streetwisereports.com/article/2026/09/03/idaho-stibnite-advances-with-5-800m-drilled-and-autoclave-work.html Source: <a href="https://www.streetwisereports.com/article/2026/09/03/idaho-stibnite-advances-with-5-800m-drilled-and-autoclave-work.html?utm_medium=feed">Streetwise Reports 09/03/2026</a> Perpetua Resources advances the Stibnite Gold Project in Idaho with 5,800 meters drilled, long-lead equipment orders, and approval for a US$2.9 billion EXIM loan. See the latest catalysts and analyst targets.<a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> has completed 5,800 meters of its 10,000-meter 2026 drill program at the Stibnite Gold Project in central Idaho, while critical-path construction activities continue following federal approvals secured in 2025, <a href="https://www.stockwatch.com/News/Item/Z-C!PPTA-3858506/C/PPTA" target="_blank" rel="noopener">according to a recent press release.</a> This progress matters now because gold prices remain elevated above US$4,300 per ounce, and domestic antimony supply has become a national priority. Investors are watching how quickly the company can convert its approved EXIM financing, once finalized, and its permits into physical construction milestones. The company holds a unique position as the developer of the only U.S. antimony reserve. Combined with more than US$87 million in U.S. Department of War and U.S. Army awards since 2022, including more than US$59 million in Defense Production Act funds, the project benefits from both commercial gold economics and strategic mineral support. Key assets include the permitted Yellow Pine, Hangar Flats, and West End deposits, plus ongoing work on the Burntlog Route, administrative pad, and permanent workforce housing. Long-lead components for the dual autoclaves are already in fabrication at a European facility. Four drill rigs remain active, testing the Clark Tunnel Fault Zone and Huckleberry Fault Zone, where recent intercepts returned 6.4 meters grading 16.2 grams per tonne gold and 1.7 percent antimony from surface. Broader sector timing favors the project. Gold has posted a 24 percent year-over-year gain despite recent rate-related volatility, while antimony and tungsten markets continue to reflect concentrated Chinese supply and rising defense demand. Jon Cherry, president and chief executive officer of Perpetua Resources, said in the company news release that tangible progress continues across infrastructure delivery, equipment fabrication, and drilling results. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>5,800 meters completed in the 2026 drill program with multiple high-grade gold-antimony intercepts reported.</li> <li>US$2.9 billion EXIM loan approved, and US$574 million cash on hand provide clear funding visibility.</li> <li>Only U.S. antimony reserve plus more than US$87 million in government awards since 2022.</li> <li>Critical-path construction is active on housing, Burntlog Route, and European autoclave fabrication.</li> <li>Analyst price targets are US$32.00 from Roth Capital Partners, CA$47.00 from BMO Capital Markets, and CA$55.00 from National Bank of Canada Capital Markets.</li> <li>Commercial operations are targeted for 2029, following a final investment decision expected in 2026.</li> </ul> <h2 style="text-align: center;">Analyst Views and Valuation Context</h2> Analyst views remain constructive. <a href="https://www.streetwisereports.com/article/2026/05/29/idaho-gold-co-secures-us-2-4b-exim-loan-fully-funding-construction-with-us-494m-buffer.html?utm_medium=feed" target="_blank" rel="noopener">National Bank of Canada Capital Markets analyst Rabi Nizami reiterated an Outperform rating and CA$55.00 price target on May 22</a>. <a href="https://www.streetwisereports.com/article/2026/06/03/americas-only-defense-antimony-mine-ramps-up-construction-activities.html?utm_medium=feed" target="_blank" rel="noopener">Also on May 22, BMO Capital Markets analyst Brian Quast maintained an Outperform rating and CA$47.00 price target</a>. <a href="https://www.streetwisereports.com/article/2026/06/24/central-idaho-gold-antimony-developer-starts-critical-path-construction-as-2-9b-federal-loan-wins-approval.html?utm_medium=feed" target="_blank" rel="noopener">Roth Capital Partners analyst Mike Niehuser reiterated a Buy rating and US$32.00 price target on June 2.</a> <h2 style="text-align: center;">Share Structure and Near-Term Events1</h2> Share structure shows 125.1 million shares issued and outstanding. Paulson & Co. holds 25.86 percent, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) holds 6.4 percent, and institutions own approximately 47 percent. The stock trades in a 52-week range of CA$22.60 to CA$51.10 with a market capitalization near CA$4.23 billion. [OWNERSHIP_CHART-10820] <a href="https://perpetuaresources.com/investors/#investor-presentation" target="_blank" rel="noopener">Perpetua's August 2026 investor presentation</a> outlines a final investment decision in 2026 and production start in 2029. Construction, financing, and exploration momentum at Stibnite position Perpetua to deliver one of the few fully permitted, government-supported gold and critical-mineral projects in the United States. Retail investors should monitor upcoming drill results, housing completion metrics, and definitive EXIM documentation for further clarity on the 2029 production timeline. <h2 style="text-align: center;">Common Questions from Investors</h2> What high-grade intercepts were reported from the 2026 drill program? Clark Tunnel Fault Zone results included 6.4 meters at 16.2 g/t gold and 1.7 percent antimony from surface, plus a new gold-tungsten discovery of 21.3 meters at 3.2 g/t gold and 0.9 percent tungsten. How much government funding has been awarded for antimony work? More than US$87 million since 2022, including US$59 million in Defense Production Act funds and a recent US$4.7 million award that brought total Army funding to US$27 million. Does the recent court remand affect construction? The U.S. District Court upheld federal approvals and remanded only a discrete monitoring issue. The remand does not require reconsideration of the no-jeopardy finding, and critical-path work continues. What is the current unrestricted cash position? US$574 million as of June 30, 2026, plus up to US$172 million from outstanding warrants and the approved US$2.9 billion EXIM facility. [SMNLINSERT]Important Disclosures:<ol> <li>Perpetua Resources Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>Jordan Nova 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=32415"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32415" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) Thu, 03 Sep 2026 00:00:00 PST Southeastern Arizona Gold-Silver Explorer Extends Contention Strike 255m to Over 1,250m https://www.streetwisereports.com/article/2026/09/03/southeastern-arizona-gold-silver-explorer-extends-contention-strike-255m-to-over-1-250m.html Source: <a href="https://www.streetwisereports.com/article/2026/09/03/southeastern-arizona-gold-silver-explorer-extends-contention-strike-255m-to-over-1-250m.html?utm_medium=feed">Ben Pirie 09/03/2026</a> Five RC holes at the Tombstone Project in southeastern Arizona extended the Contention gold-silver system 255m north-northeast to over 1,250m of drilled strike.<div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> On September 2, 2026, Ben Pirie and Nicholas Cortellucci, CFA, of Atrium Research reiterated a BUY rating and a CA$0.45 price target on <a href="https://www.streetwisereports.com/pub/co/9156?utm_medium=feed" target="_blank" rel="noopener">Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB)</a>, implying 36% upside from the September 2, 2026 closing price of CA$0.33, following the release of results from five reverse circulation (RC) drill holes that extended the Contention oxide gold-silver system at the company's Tombstone Project in southeastern Arizona by roughly 255m. <h2 dir="ltr" style="text-align: center;">Drill Results Extend Strike to Over 1,250m</h2> All five holes were drilled into the North Extension target, and all five intersected oxide gold-silver mineralization, with four of them first-pass step-outs. Combined with holes TR26-33 and TR26-39 reported on August 5, the new drilling traces the Contention system continuously over more than 1,250m of strike, with high-grade intervals at both ends, no barren hole in between, and the system still open to the north and to the sides. Highlight intercepts included TR26-41, which returned 1.31 g/t AuEq (0.90 g/t Au, 22.61 g/t Ag) over 83.8m from 24.4m, including 8.34 g/t AuEq (6.97 g/t Au, 75.42 g/t Ag) over 7.6m. TR26-43 returned 1.16 g/t AuEq (0.70 g/t Au, 25.59 g/t Ag) over 51.8m from 85.3m, including 2.99 g/t AuEq (1.93 g/t Au, 58.01 g/t Ag) over 19.8m, pushing the zone approximately 90m further north, where it remains open. TR26-44 returned 0.94 g/t AuEq (0.79 g/t Au, 8.25 g/t Ag) over 22.9m from 10.7m plus a deeper 0.65 g/t AuEq over 51.8m from 77.7m, and was mineralized across five separate zones within a 146.3m envelope. TR26-40 returned 0.40 g/t AuEq over 59.4m from 33.5m, demonstrating continuity between TR26-39 and TR26-41, while TR26-42 returned 0.34 g/t AuEq over 39.6m, including 2.08 g/t AuEq over 3.0m. "Continuity is the story in this batch," the analysts wrote. They noted that the two highest-grade holes, TR26-41 and TR26-43, sit 126m apart and each carries a high-grade core, indicating grade is not confined to a single part of the system. <h2 dir="ltr" style="text-align: center;">Drill Program Update and Resource Timing</h2> Aztec has now completed 93 RC holes in the 2025-2026 Tombstone program, comprising 40 in 2025 and 53 in 2026, drilled primarily in a fan-grid pattern testing the western and eastern borders, the southern and northern extensions, and ground beneath the main north-trending Contention target. Assays remain pending on the nine most recent holes, TR26-45 through TR26-53, all of which have been completed, with two of them (TR26-52 and TR26-53) collared north of TR26-43 along the trend of the zone. Results are expected in the coming weeks. Drilling is set to continue through at least the rest of September, pushing the anticipated maiden mineral resource estimate for Tombstone into Q4/26. Results from this release, together with TR26-45 through TR26-50, are expected to be incorporated into that estimate. <h2 dir="ltr" style="text-align: center;">Tombstone District Land Consolidation Completed</h2> On August 26, Aztec signed a definitive agreement to acquire the final parcels of its multi-year land consolidation program in Cochise County, Arizona. The agreement covers approximately 241 acres of surface rights and 414 acres of mineral rights across thirty historic patented lode claims, including the Lucky Cuss, Old Guard, Owl's Nest, Black Hawk, Grand Dipper, and East Side, for US$241K in cash plus back taxes. On closing, the Tombstone property will total approximately 2,500 acres, more than six times the 398 acres Aztec first optioned in December 2017. The entire consolidation program was completed for roughly US$500K in cash, or about US$1,250 per surface acre, with no share dilution and no finder's fees. That compares with the approximately US$3,360 and US$1,750 per acre Aztec paid for the Westside claims in 2023, and the Alps and Minett claims in 2020, respectively. Joint venture partner Dragoon Resources LLC has funded its 15% share of the completed acquisitions, keeping the 85% Aztec / 15% Dragoon structure intact, and holds a 60-day right to participate in the latest parcels, which the company expects to be exercised. <h2 dir="ltr" style="text-align: center;">Analyst's Outlook</h2> The analysts view the resource pushback from Q3 to Q4 as a positive signal, arguing that results are "so strong the Company needs to extend the program" to potentially include the new areas in the maiden estimate, which suggests the resource could grow further than originally anticipated. They cited CEO Simon Dyakowski's remark that the ground was not owned by Aztec 18 months ago and had not been drilled, and said they expect the nine pending holes plus ongoing drilling to continue expanding and infilling these areas. They emphasized the 255m strike extension, representing growth of more than 25%. Atrium highlighted Aztec's exposure to two emerging precious-metals discoveries in tier-one jurisdictions: the past-producing Tombstone gold-silver project, held through the 85% joint venture in Arizona, and the 100%-owned Cervantes porphyry gold-copper project in Sonora, Mexico. Maiden resource estimates are underway on both, with completion expected in Q4/26. At Tombstone, the company is defining shallow, bulk-tonnage, potentially heap-leachable oxide gold-silver mineralization around the historic Contention pit that remains open in all directions, with deeper high-grade CRD and porphyry targets as blue-sky upside. The team includes Dyakowski and VP Exploration Allen David Heyl, who has more than 40 years of experience and is credited with approximately 30Moz Au and 25Mt Cu of discoveries. On Atrium's conservative 1.2Moz combined resource assumption, the analysts said Aztec trades well below its peer-group average on an EV/oz basis, while recent U.S. oxide gold takeouts have averaged approximately US$258/oz. Near-term catalysts include maiden mineral resource estimates on both Tombstone and Cervantes in Q4/26, additional Tombstone drill results on an ongoing basis, and metallurgical bottle roll test results in H2/26. <h2 dir="ltr" style="text-align: center;">Financial Position and Risks</h2> Aztec carries a market capitalization of CA$62.6M on 202.2M fully diluted in-the-money shares, with CA$3.7M in cash, no debt, and an enterprise value of CA$58.9M. Average daily volume on the TSX Venture Exchange is 193.1K shares. Atrium noted that the report contains forward-looking statements that involve risks and uncertainties, including competition, market demand, and management's ability to forecast financial estimates accurately, and directed investors to the company's MD&A risk factors section. Atrium also disclosed that it receives cash compensation from Aztec Minerals Corp. for 18 months of research coverage and that the report was disseminated on behalf of the company, while retaining full editorial control over its research content. Atrium is not a CIRO-registered dealer and does not offer investment banking services. <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>Important Disclosures:Disclosures for Atrium Research, Aztec Minerals Corp., September 2, 2026 Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, (v) the analysts adhere to the CFA Institute guidelines for analyst independence, and (vi) this report belongs to the CFA Institute. 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Forward-looking statements regarding the Company and/or stock’s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, market demand, and the company’s (and management’s) ability to correctly forecast financial estimates. As a result, the actual results, events, performance or achievements of the financial product may be materially different from those expressed or implied in such statements. Please see the Company’s MD&A “Risk Factors” Section for a more complete discussion of company specific risks for the company discussed in this report. Any opinion or estimate constitutes the preparer's best judgment as of the date of preparation, and is subject to change without notice. ARC assumes no obligation to maintain or update this report based on subsequent information and events. 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Any offer or sale of the securities described herein in Canada will be made only under an exemption from the requirements to file a prospectus with the relevant Canadian securities regulators, if applicable, and only by a dealer properly registered under applicable securities laws or, alternatively, pursuant to an exemption from the dealer registration requirement in the relevant province or territory of Canada in which such offer or sale is made. The information contained herein is under no circumstances to be construed as investment advice in any province or territory of Canada and is not tailored to the needs of the recipient. To the extent that the information contained herein references securities of an issuer incorporated, formed or created under the laws of Canada or a province or territory of Canada, any trades in such securities must be conducted through a dealer registered in Canada. No securities commission or similar regulatory authority in Canada has reviewed or in any way passed judgment upon this research report, the information contained herein or the merits of the securities described herein, and any representation to the contrary is an offence. The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction. Streetwise Disclosures <ol> <li>Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals 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><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32410"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32410" width="0" height="0"> ( Companies Mentioned: AZT:TSX.V; AZZTF:OTCQB, ) Thu, 03 Sep 2026 00:00:00 PST Drilling Hits Observable Scheelite as Gold-Tungsten Explorer Advances Yukon Program https://www.streetwisereports.com/article/2026/09/04/drilling-hits-observable-scheelite-as-gold-tungsten-explorer-advances-yukon-program.html Source: <a href="https://www.streetwisereports.com/article/2026/09/04/drilling-hits-observable-scheelite-as-gold-tungsten-explorer-advances-yukon-program.html?utm_medium=feed">Streetwise Reports 09/04/2026</a> Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) has completed three holes and started a fourth at its Justin gold-tungsten project, with assays pending and the latest drilling following up on observable scheelite mineralization.Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) reported <a href="https://abengold.com/news/aben-gold-provides-drill-program-update-at-justin-gold-tungsten-project/" target="_blank" rel="noopener">that it had completed three diamond drill holes and started a fourth at its 100%-owned Justin gold-tungsten project in southeastern Yukon Territory as part of its fully financed 2026 drill program.</a> As of the August 30, 2026, daily field report, Aben had completed 766 meters of diamond drilling over 21 operating days, averaging 35.0 meters per day. The company had collected 785 core samples. The 2026 program is planned for approximately 1,300 meters. The first three holes were completed at the POW zone. JN26-001 was drilled to a final depth of 265.3 meters after starting August 8 and finishing August 13, with 341 samples collected. JN26-002 was completed on August 21 at a final depth of 207.35 meters, with 227 samples collected. JN26-003 reached a final depth of 250.05 meters and was completed on August 29. Logging is complete, with 217 samples outlined to date. Cutting of JN26-001 has been completed, and its 341 samples were dispatched on August 26 and submitted to Bureau Veritas for assay. Samples from JN26-002 and JN26-003 were being prepared for a subsequent dispatch. Aben said it was looking at laboratories that may accommodate rush analysis of the JN26-003 samples. The fourth hole, JN26-004, was underway from pad 2 to follow up on observable scheelite mineralization drilled in JN26-003. "The 2026 drill program at Justin is advancing well. We have three holes complete, a fourth hole underway at POW, and the first hole already cut and sent to the lab," <a href="https://abengold.com/news/aben-gold-provides-drill-program-update-at-justin-gold-tungsten-project/" target="_blank" rel="noopener">President and Chief Executive Officer Riley Trimble said.</a> "Getting JN26-001 into the assay queue quickly is a priority so we can begin receiving results during what is surely a busy fall season for labs." Aben also announced that, subject to regulatory approval, it had engaged Independent Trading Group to provide market-making services in accordance with TSX Venture Exchange policies. ITG will receive CA$6,500 per month, payable monthly in advance. The agreement has an initial one-month term and will renew for additional one-month terms unless terminated. Either party may terminate it with 30 days' notice. ITG will not receive shares or options as compensation, and the agreement contains no performance factors. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="d4hxl9" data-start="0" data-end="42">Tungsten Supply Tightens as Prices Rise</h2> <a href="https://www.fortunebusinessinsights.com/tungsten-market-115884" target="_blank" rel="noopener">According to an August 17 report from Fortune Business Insights,</a> the global tungsten market was valued at US$5.43 billion in 2025 and US$5.78 billion in 2026. Asia Pacific accounted for 71.64% of the market in 2025, while North America was valued at US$0.50 billion and the U.S. market at US$0.44 billion. Fortune Business Insights described rising demand for high-performance, wear-resistant tools as a prominent market trend. Tungsten-based materials were used across mining, construction, automotive, aerospace, and industrial equipment because of their hardness and thermal stability. Citing the International Tungsten Industry Association, the report said "approximately 60–65% of tungsten consumed globally is used in cemented carbides," including cutting tools, drilling equipment, and wear-resistant industrial components. The report also identified concentrated production as a constraint on the tungsten market. Citing the U.S. Geological Survey, Fortune Business Insights reported that China accounted for about 82% of global tungsten mine production in 2025. It said the concentration of supply created exposure to export controls, trade restrictions, and fluctuations in mining output, while new mines required substantial capital investment, environmental compliance, and lengthy development timelines. <a href="https://www.thenewswire.com/press-releases/1Bz4FXjr3-tungsten-prices-up-310-in-2026-but-supply-crisis-is-far-from-over-warns-anthony-milewski-of-the-oregon-group.html" target="_blank" rel="noopener">That supply concentration was also central to research published September 1 by The Oregon Group</a>. The group reported that tungsten prices had increased approximately 310% between January and July, with the APT CIF benchmark rising from approximately US$83 per kilogram WO3 to US$340 per kilogram WO3. Its research found that China had produced 67,000 of the 85,000 tonnes of tungsten mined globally in 2025, or approximately 79%, and controlled roughly 85% of global APT refining capacity. "Tungsten is sending an unusually strong price signal, but the supply response is still constrained," The Oregon Group founder Anthony Milewski said. "The issue is no longer whether tungsten prices are high enough to justify new mines. The issue is whether those mines can be financed, permitted, built, commissioned, and qualified quickly enough to meet Western demand." The Oregon Group estimated that 11 announced mining projects could add nearly 20,000 tonnes of annual tungsten capacity outside China by 2030. Its research estimated that even if all of those projects arrived on schedule, an approximately 16,000-tonne primary supply gap outside China would remain. Accessible mines outside China were projected to satisfy approximately 68% of the projected primary demand outside China by 2030. The research also pointed to changes in U.S. defense procurement rules scheduled for Jan. 1, 2027. The rules would generally prohibit the acquisition of specified tungsten materials mined, refined, or produced in China, Russia, North Korea, or Iran. The United States had not mined tungsten commercially since 2015 and remained more than 50% reliant on imports in 2025. "The significance of tungsten is not determined by the size of the market," Milewski said. "It is determined by what stops working when secure tungsten supply is unavailable. Defense, advanced manufacturing, semiconductors, and energy infrastructure all depend on materials with properties that are extremely difficult to replace." Milewski said the challenge extended beyond commodity pricing to the development of physical supply. "Tungsten does not lack a price signal," he said. "It lacks enough financed, permitted, and qualified production linked to secure refining and recycling capacity." <h2 style="text-align: center;" data-start="3344" data-end="3607">Third Party on Aben's Advancement</h2> On September 3, Bob Moriarty of 321Gold.com sent Streetwise Reports the following quote on Aben. Moriarty wrote, "Aben Gold has spent three years in the lonely wilderness howling at the full moon before coming to life again in January when gold finally woke up. They sold off one non-core project to Kingfisher for which they will get about $2.5 million in cash and shares. With the advance in the price of gold, the company was able to conduct some private placements to allow it to drill its Justin gold/tungsten property in the Yukon. Drilling a 1,500-meter program has begun, with three holes already completed. They are drilling a portion of the project that has already had some excellent drill results in the past, so they are going to have to work pretty hard to screw it up. With somewhere about 55 million shares, including warrants, the company reported about $4 million in cash at June 30, 2026, with only a $7 million market cap." <h2 style="text-align: center;" data-section-id="1aerlvj" data-start="2283" data-end="2354">Drilling, Sampling, and Untested Targets Define the 2026 Work Program</h2> <a href="https://abengold.com/site/assets/files/3837/abm_q2_2026.pdf" target="_blank" rel="noopener">The company's Q2 2026 materials</a> outlined a two-phase exploration program at Justin involving soil and rock sampling, geological mapping, and drilling at the POW and Lost Ace zones. The property is 100% owned and covers 18,314 acres in southeastern Yukon. The materials reported approximately 4,000 meters of historical drilling across 19 holes, with 10 holes intersecting gold mineralization. Phase 1 called for grid soil sampling in the southeastern portion of the POW target area and at Lost Ace, approximately two kilometers northwest of the POW zone. The planned grid uses 100-meter line spacing and 50-meter station spacing. A total of 600 soil samples and 80 rock samples were budgeted, although additional soil sampling could be completed if fewer rock samples were taken. Rock sampling was to be conducted where warranted. Geological mapping was designed to further delineate the extent of both the POW and Lost Ace zones. Phase 2 outlined three to four drill holes averaging 300 meters in length, with the POW zone as the primary target. The drilling was designed to delineate the full extent of intrusion-related mineralization and identify the presence of cupolas. The program materials also called for three to four holes testing the Lost Ace zone. The company's 2024 QMAGT survey identified NNE- and NW-SE-oriented fault structures, while both Lost Ace and POW are located in areas containing complex structural intersections alongside bodies with strong magnetic response. The area between the two zones contains coincident geophysical and gold-in-soil geochemical anomalies and was described in the Q2 materials as underexplored and undrilled. Lost Ace itself had not yet been diamond drill tested at the time of the Q2 materials. Channel sampling conducted there in 2017 returned 20.8 grams per tonne gold over 4.4 meters, including 88.2 g/t gold over 1 meter. High-grade gold samples were also collected within 20 meters of the location of a previous 2017 gold-grain bulk sample. [OWNERSHIP_CHART-11563] At POW, historical drilling included JN11009, which intersected 60.00 meters of 1.25 g/t gold, including 21.0 meters of 2.47 g/t gold. JN11010 intersected 12 meters of 2.52 g/t gold and 29.53 g/t silver, while JN12011 intersected 46.6 meters of 1.49 g/t gold. JN12016 returned 8.50 meters of 0.39% WO3, including 1.00 meter of 1.12% WO3, along with 5.60 meters of 4.12 g/t gold, including 2.60 meters of 8.20 g/t gold. The Q2 materials also detailed a 2014 re-assay program in which 230 drill core samples from seven of nine previously drilled POW holes were analyzed for tungsten-specific WO3 content after visible scheelite mineralization was identified using short-wave ultraviolet lamps. Historical results included 28.90 meters of 0.10% WO3 near surface in JN12013, plus 1.10 meters of 1.15% WO3. That hole also contained 7.40 meters of 1.81 g/t gold, including 2.20 meters of 4.42 g/t gold. JN11010 returned 12.00 meters of 0.25% WO3, while JN12019 returned 7.20 meters of 0.27% WO3. The company stated that the tungsten results are historical and are not being treated as current mineral resources or mineral reserves. <h2 style="text-align: center;">Ownership & Share Information1</h2> Aben Gold Corp. has a market cap of CA$6.30 million, with 35 million shares outstanding. The company's 52-week range is CA$0.06-CA$0.30. Management & Insiders own 5.95% of shares, while the remaining 94.05% of shares are held by Retail. <div class="" data-turn-id-container="700ad147-6ad3-402f-ba74-24a25c37b0d7" data-is-intersecting="true"> </div> <div class="" data-turn-id-container="request-WEB:2b3ec926-8993-41e5-a64c-c9291f3a1ff7-8" 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:2b3ec926-8993-41e5-a64c-c9291f3a1ff7-8" data-turn-id-container="request-WEB:2b3ec926-8993-41e5-a64c-c9291f3a1ff7-8" data-testid="conversation-turn-8" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="c8c0b592-8900-434d-86ee-2ceeafcae8d0" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="1r8frcv" data-start="0" data-end="29">Frequently Asked Questions</h2> What is the outlook for the tungsten market in 2026? The tungsten market entered 2026 amid rising prices, concentrated global production, and demand from industrial, defense, and advanced manufacturing applications. Fortune Business Insights valued the global tungsten market at US$5.78 billion in 2026, while The Oregon Group reported that tungsten prices increased approximately 310% between January and July. Why did tungsten prices rise in 2026? The Oregon Group reported that the APT CIF benchmark increased from approximately US$83 per kilogram WO3 in January to US$340 per kilogram WO3 in July. Its research characterized the tungsten market as facing a structural supply challenge, with production and refining capacity heavily concentrated in China. Is there a global tungsten supply shortage? The Oregon Group estimated that 11 announced mining projects could add nearly 20,000 tonnes of annual tungsten capacity outside China by 2030. Even if every project arrived on schedule, its research estimated that an approximately 16,000-tonne primary supply gap outside China would remain. Why is tungsten considered an important critical mineral? Tungsten was used in defense, advanced manufacturing, semiconductors, and energy infrastructure, according to The Oregon Group. Fortune Business Insights also identified applications across mining, construction, automotive, aerospace, and industrial equipment, including drilling, cutting, and machining tools. How much of the world's tungsten comes from China? The Oregon Group reported that China produced 67,000 of the 85,000 tonnes of tungsten mined globally in 2025, representing approximately 79% of global mine production, and controlled roughly 85% of global APT refining capacity. Fortune Business Insights separately cited U.S. Geological Survey data indicating China accounted for about 82% of global tungsten mine production in 2025. What are the new U.S. tungsten sourcing rules for defense? Beginning Jan. 1, 2027, U.S. defense procurement rules will generally prohibit the acquisition of specified tungsten materials mined, refined, or produced in China, Russia, North Korea, or Iran, according to The Oregon Group. The research said the United States had not mined tungsten commercially since 2015 and remained more than 50% reliant on imports in 2025. What is the Justin gold-tungsten project? The Justin gold-tungsten project is a 100%-owned project in southeastern Yukon Territory covering 18,314 acres. The company's Q2 materials reported approximately 4,000 meters of historical drilling across 19 holes, with 10 holes intersecting gold mineralization. What is Aben Gold drilling at the Justin gold-tungsten project in 2026? Aben Gold's 2026 diamond drill program was planned for approximately 1,300 meters. As of Aug. 30, the company had completed 766 meters over 21 operating days and collected 785 core samples. Three holes had been completed at the POW zone, while JN26-004 was underway to follow up on observable scheelite mineralization drilled in JN26-003. Has the Justin project previously returned tungsten mineralization? Yes. Historical drilling at the POW zone included JN12016, which returned 8.50 meters of 0.39% WO3, including 1.00 meter of 1.12% WO3. The company's Q2 materials stated that the historical tungsten results were not being treated as current mineral resources or mineral reserves. What were the historical gold results at the Justin project? Historical POW zone results included 60.00 meters of 1.25 g/t gold in JN11009, including 21.0 meters of 2.47 g/t gold. JN12011 intersected 46.6 meters of 1.49 g/t gold, while JN12016 returned 5.60 meters of 4.12 g/t gold, including 2.60 meters of 8.20 g/t gold. What is the Lost Ace target at the Justin project? Lost Ace is a target approximately two kilometers northwest of the POW zone. Channel sampling in 2017 returned 20.8 g/t gold over 4.4 meters, including 88.2 g/t gold over 1 meter. According to the Q2 materials, Lost Ace had not yet been diamond drill tested. What are the next milestones for Aben Gold's 2026 drill program? JN26-001 samples were submitted to Bureau Veritas for assay, while samples from JN26-002 and JN26-003 were being prepared for subsequent dispatch. Aben Gold was also looking at laboratories that could potentially accommodate rush analysis of JN26-003 samples, while drilling continued with JN26-004. <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>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=32407"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32407" width="0" height="0"> ( Companies Mentioned: ABM:TSXV;ABNAF:OTCQB, ) Fri, 04 Sep 2026 00:00:00 PST Gold Project With US$2.1 Billion After-Tax NPV Clears Major Hurdle https://www.streetwisereports.com/article/2026/09/04/gold-project-with-us-2-1-billion-after-tax-npv-clears-major-hurdle.html Source: <a href="https://www.streetwisereports.com/article/2026/09/04/gold-project-with-us-2-1-billion-after-tax-npv-clears-major-hurdle.html?utm_medium=feed">Streetwise Reports 09/04/2026</a> First Mining Gold Corp. (FF:TSX; FFMGF:OTCQX; FMG:FRA) signed a definitive agreement with Cat Lake First Nation and Lac Seul First Nation covering construction, operations, and closure of its Springpole Gold Project.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="5d05c3f1-703c-4810-b3ef-43f06e9eee0a" 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="5d05c3f1-703c-4810-b3ef-43f06e9eee0a" data-turn-id-container="5d05c3f1-703c-4810-b3ef-43f06e9eee0a" data-testid="conversation-turn-2" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="5f39f468-2076-4897-9bac-ac8652cc4fa3" data-turn-start-message="true" data-message-model-slug="gpt-5-6"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> First Mining Gold Corp. (FF:TSX; FFMGF:OTCQX; FMG:FRA) entered <a href="https://www.firstmininggold.com/news/cat-lake-first-nation-lac-seul-first-nation-and-first-mining-sign-project-agreement-for-the-development-of-the-springpole-gold-project" target="_blank" rel="noopener">into a Springpole project consultation and benefits agreement with Cat Lake First Nation and Lac Seul First Nation covering the Springpole Gold Project in Northwestern Ontario.</a> The definitive agreement covers construction, operations, and closure and provides for participation by the two First Nations in environmental stewardship, training, employment, business opportunities, and financial benefits. The agreement followed a community-based Anishinaabe-led impact assessment process intended to ensure that the interests and concerns of Cat Lake First Nation and Lac Seul First Nation were taken into account. Its provisions include participation in environmental management and monitoring, implementation of adaptive management, preferential training and employability measures, equity and participation in the economic upside of the project, promotion of business opportunities during construction and operations, recognition of Anishinaabe culture, and the sharing of financial benefits from Springpole. <a href="https://www.firstmininggold.com/news/cat-lake-first-nation-lac-seul-first-nation-and-first-mining-sign-project-agreement-for-the-development-of-the-springpole-gold-project" target="_blank" rel="noopener">Russell Wesley, chief of Cat Lake First Nation, said the agreement was developed over more than four years and was rooted in Anishinaabe teachings and law</a>. "This agreement will create meaningful opportunities for our members and youth, strengthen our ability to shape our future, and protect our enduring relationships with the land, water, and all who call this place home," Wesley stated. Clifford Bull, chief of Lac Seul First Nation, said conditions developed through the Anishinaabe-led impact assessment process were incorporated into the agreement. "This agreement will provide meaningful opportunities for our people to both benefit from and participate in this project," Bull stated. First Mining Chief Executive Officer Dan Wilton said the community-led assessment process was foundational to the path established by the agreement. "We appreciate the enormous amount of work and dedication that both nations have put into understanding the Springpole project and working toward this collaborative definitive agreement for advancement of the mine," Wilton stated. The agreement follows federal Environmental Assessment approval for Springpole in June 2026. First Mining's September 2026 corporate presentation identifies Springpole as one of Canada's largest undeveloped open-pit gold deposits, with probable reserves of 102 million tonnes containing 3.1 million ounces of gold at 0.94 grams per tonne and 16.1 million ounces of silver at 4.9 grams per tonne. The company's 2025 pre-feasibility study outlines average annual gold production of 330,000 ounces during the first five years, with a post-tax net present value at a 5% discount rate of US$2.1 billion and a post-tax internal rate of return of 41%. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a994161-cac0-83ea-9374-afd370411216-0" 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-6a994161-cac0-83ea-9374-afd370411216-0" data-turn-id-container="request-6a994161-cac0-83ea-9374-afd370411216-0" data-testid="conversation-turn-4" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="1bbdc911-ed96-4f71-8f92-6a213f52858a" data-turn-start-message="true" data-message-model-slug="gpt-5-6-thinking"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="18gs0mo" data-start="0" data-end="102">Gold Sector Holds Above US$4,400 as Central-Bank Demand and Monetary Uncertainty Remained in Focus</h2> <a href="https://www.kitco.com/news/article/2026-09-02/gold-looks-cheap-debt-inflation-and-uncertainty-threaten-fiat-currencies" target="_blank" rel="noopener">According to a September 2 Kitco News report,</a> precious metals analyst Matthew Jones pointed to government debt, inflation, geopolitical uncertainty, and continued central-bank buying as factors shaping the gold market. Jones cited data showing that central banks bought a net 289 tonnes of gold during the second quarter, up 62% from the same period a year earlier. He also noted that 89% of central banks surveyed by the World Gold Council expected global official gold reserves to rise over the following 12 months, while 45% expected to increase their own holdings. "Normal is still persistent inflation. Normal, certainly over the last five years, has still been pretty aggressive buying from central banks," Jones said. He characterized gold as a defensive asset, adding, "I think gold is a defensive play." <a href="https://www.cnbc.com/2026/09/03/gold-rises-as-dollar-and-yields-ease-ahead-of-us-payrolls-report.html" target="_blank" rel="noopener">Later on September 2, CNBC reported that gold strengthened</a> as the U.S. dollar and Treasury yields eased and investors focused on upcoming U.S. nonfarm payroll data and its implications for Federal Reserve policy. The report said the dollar had been under pressure while Treasury yields had retreated from multi-year highs. Ilya Spivak, head of global macro at Tastylive, said, "The payrolls report will probably be the biggest defining moment of the week." He added that weaker-than-expected employment data and reduced expectations for a September rate increase could support gold. CNBC also noted that gold had traditionally been viewed as an inflation hedge, while higher interest rates increased the opportunity cost of holding the non-yielding metal. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics reported on September 3 that gold had climbed above US$4,400 per ounce,</a> with its market reference price at US$4,428.54 per ounce, up 0.93% on the day, 8.58% over the month, and 24.83% over the year. The service said gold had "extended the previous session's rebound as a pullback in the dollar and Treasury yields provided some relief." Trading Economics also described gold as one of the most widely followed precious metals and said it had often been regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="23hvcc" data-start="0" data-end="80">Analysts and Newsletter Writers Point to Permitting and Exploration Progress</h2> Haywood analysts Marcus Giannini and Mark Westaway reiterated a Buy rating on First Mining Gold in a May 19 research note and maintained a CA$1.25 price target. Their commentary focused in part on exploration at Duparquet, where they said recent work continued to demonstrate continuity within mineralized structures. "We view today's results positively, as First Mining continues to demonstrate the continuity of mineralized structures," the analysts wrote. Giannini and Westaway also said the company's recent exploration programs had "continue[d] to reshape the perception that Duparquet is relatively mature from an exploration standpoint." They pointed to what they described as additional room for resource growth, writing, "We see meaningful growth potential beyond the project's currently defined 6.0Moz gold inventory." The analysts concluded, "We recommend accumulating shares of FF at current levels." Cantor Fitzgerald analyst Matthew O'Keefe maintained a Buy rating in a July 2 research report while raising his target price to CA$1.50 per share from CA$1.20. His report centered on the federal Environmental Assessment approval for Springpole. "The Federal EA approval is a key catalyst and major milestone for First Mining Gold," O'Keefe wrote. O'Keefe also noted that the federal review concluded the project was "not likely to cause significant adverse environmental effects." The approval became one of the principal developments cited by outside analysts and newsletter writers during the summer. <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/metals-keep-pushing-higher-and-our-stocks-are-making-moves/#fm" target="_blank" rel="noopener">Jeff Clark, Daniel Flynn, and Sharyn Alexander of The Paydirt Prospector pointed to permitting and community agreements as key developments for First Mining Gold in an August 27 update</a>. The authors maintained a Buy recommendation and said First Mining had taken "another step toward the all-important 'pre-production sweet spot'" after signing a project agreement with Slate Falls Nation for the Springpole Gold Project. The authors noted that the agreement followed Springpole's federal Environmental Assessment approval and previous project authorization from Cat Lake First Nation and Lac Seul First Nation, subject to 35 negotiated terms. They described the latest agreement as "important progress" while emphasizing that Springpole was not yet construction-ready. Provincial Environmental Assessment approval remained the next major milestone, followed by additional permits and approvals required to advance toward construction. Clark, Flynn, and Alexander also highlighted Springpole's updated pre-feasibility study, which outlined a US$2.1 billion after-tax NPV at a 5% discount rate using a US$3,100-per-ounce gold price. They wrote that the permitting and community agreements "incrementally de-risk the project, gradually allowing more of that value to be reflected in First Mining's market cap." The newsletter also cited Haywood analysts as seeing First Mining positioned for construction in late 2027 or early 2028, ahead of anticipated first production in 2031. According to the update, Haywood had a Buy recommendation and a 12-month price target of CA$1.75, which the authors calculated represented 86% upside at the time. On the stock's recent performance, the authors reported that First Mining shares rose approximately 2% following the latest agreement and had gained roughly 123% since federal Environmental Assessment approval. Paydirt Prospector maintained its "BUY ON DIPS" recommendation, with the authors noting that Clark continued to hold a full position. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a994161-cac0-83ea-9374-afd370411216-7" 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-6a994161-cac0-83ea-9374-afd370411216-7" data-turn-id-container="request-6a994161-cac0-83ea-9374-afd370411216-7" data-testid="conversation-turn-14" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="4f693e16-09d7-4040-b0f6-645e12a1d5a0" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Ventum Financial analyst Robin Kozar maintained a Buy rating and CA$1.40 target price on First Mining Gold in an August 25 corporate update following the company's project agreement with Slate Falls Nation. Kozar called finalizing an agreement with Slate Falls Nation "a positive de-risking milestone." Ventum said its CA$1.40 target was based on applying a 0.50x multiple to its NAV estimate of CA$2.87 per share using a long-term gold price of US$3,600 per ounce. The firm also identified an updated mineral resource estimate for Duparquet and a provincial Environmental Assessment decision for Springpole among the catalysts it expected later in the year. Cantor Fitzgerald analyst Matthew O'Keefe maintained a Buy rating and CA$1.50 per share target price in an August 28 update after First Mining signed definitive project agreements with Cat Lake First Nation, Lac Seul First Nation, and Slate Falls Nation. O'Keefe characterized the development as "Positive (expected)" and wrote that "First Nations support is critical in advancing resource projects in Canada, and Springpole is now substantially de-risked." Cantor said it continued to value First Mining on a sum-of-parts NAV basis, applying a 0.3x NAV multiple to Springpole for its CA$1.50 target. At the report's CA$0.97 share price, the target represented a potential return of 55%. The firm also identified provincial Environmental Assessment approval, an updated feasibility study expected by mid-2027 and a construction decision by the end of 2027 as upcoming catalysts. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="ho9o0q" data-start="2847" data-end="2901">Springpole Moves Toward Its Next Project Milestones</h2> <a href="https://www.firstmininggold.com/_resources/presentations/corporate-presentation.pdf?v=090309" target="_blank" rel="noopener">First Mining's September 2026 corporate presentation</a> lists a provincial Environmental Assessment decision, a feasibility study, and detailed engineering and early works construction among the upcoming milestones for Springpole. The presentation identifies federal Environmental Assessment approval and final binding agreements with all local Indigenous communities around Springpole as completed achievements. The company is also advancing exploration opportunities around Springpole. The East Extension target remains open along strike to the south and southeast of the main Portage Zone. Phase I drilling completed in 2024 intersected continuous mineralization, including 134.2 meters at 0.75 g/t gold and 3.30 g/t silver and 105.4 meters at 0.67 g/t gold and 12.79 g/t silver. The presentation identifies underexplored areas within or near the current PFS open-pit shell, along with the Southwest Extension, East Extension, and brownfields targets. Beyond the immediate Springpole deposit, First Mining's Birch-Uchi exploration strategy covers more than 75,000 hectares of mineral tenure surrounding the project and includes 80+ identified target areas, a top-10 focus strategy, five advanced targets, and two-plus mineral resource targets. [OWNERSHIP_CHART-7473] At the Saddle target, an initial drilling campaign returned gold mineralization that remains open for expansion. Results included 0.92 g/t gold over 114.0 meters in SAT23-001, 0.75 g/t gold over 57.7 meters in SAT23-002, and 0.58 g/t gold over 54.5 meters in SAT23-004. The presentation also reports the Challenger discovery about 12 kilometers southwest of Springpole, including gold values of 25.6 g/t, 7.10 g/t, and 4.42 g/t approximately 60 meters apart. Four additional gold mineralization occurrences included values of 26.60 g/t, 20.3 g/t, and 7.73 g/t, while channel sampling returned 6.53 g/t gold over 3 meters, including 57.4 g/t gold over 0.3 meter. </div> </div> </div> </div> </div> <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" data-conversation-screenshot-content=""> <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 5.10% of First Mining Gold Corp. is owned by management and insiders. Institutions hold approximately 9.41%, while the rest is retail. Its market capitalization is about CA$1.31 billion, with approximately 1.41 billion shares outstanding. It trades in a 52-week range of about CA$0.21 to CA$0.98. </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-(--scroll-root-safe-area-inset-bottom)" aria-hidden="true"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="ul2pwc" data-start="0" data-end="30">Frequently Asked Questions</h2> What agreement did First Mining Gold sign for the Springpole Gold Project? First Mining Gold entered into a Springpole project consultation and benefits agreement with Cat Lake First Nation and Lac Seul First Nation. The definitive agreement covers the project's construction, operations and closure and includes provisions addressing environmental stewardship, employment, training, business opportunities and financial benefits. Why is the Springpole agreement with Cat Lake First Nation and Lac Seul First Nation important? The agreement establishes participation by Cat Lake First Nation and Lac Seul First Nation throughout the construction, operation and closure of Springpole. It followed a community-based Anishinaabe-led impact assessment and includes participation in environmental management and monitoring, adaptive management, training and employability measures, economic participation, business opportunities and financial benefits. Has the Springpole Gold Project received federal Environmental Assessment approval? Yes. Springpole received federal Environmental Assessment approval in June 2026. Cantor Fitzgerald analyst Matthew O'Keefe subsequently called the approval "a key catalyst and major milestone for First Mining Gold." What are the next milestones for the Springpole Gold Project? First Mining's September 2026 corporate presentation listed a provincial Environmental Assessment decision, a feasibility study, and detailed engineering and early works construction among Springpole's upcoming milestones. How much gold does the Springpole Gold Project contain? Springpole has probable reserves of 102 million tonnes containing 3.1 million ounces of gold at 0.94 g/t and 16.1 million ounces of silver at 4.9 g/t. Its measured and indicated resources contain 4.8 million ounces of gold, while inferred resources contain 800,000 ounces of gold. What did the Springpole 2025 pre-feasibility study show? The Springpole 2025 PFS outlined average annual gold production of 330,000 ounces during the first five years. At a US$3,100-per-ounce gold price, the study reported a post-tax NPV at a 5% discount rate of US$2.1 billion, a post-tax IRR of approximately 41% and a 1.8-year post-tax payback period. What exploration work is First Mining conducting around Springpole? First Mining identified exploration opportunities at the East Extension, Southwest Extension and brownfields targets around Springpole. Its broader Birch-Uchi exploration strategy covers more than 75,000 hectares of mineral tenure and includes 80+ identified target areas, a top-10 focus strategy, five advanced targets, and two-plus mineral resource targets. What is the Duparquet Gold Project resource? The Duparquet consolidated mineral resource includes approximately 3.44 million ounces of gold in measured and indicated resources and approximately 2.64 million ounces in inferred resources. The project is located in Quebec. What is the recent gold price? Trading Economics reported gold at US$4,428.54 per ounce on September 3, up 24.83% over the previous year. The service reported that gold had climbed above US$4,400 as the U.S. dollar and Treasury yields eased. <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> 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=32406"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32406" width="0" height="0"> ( Companies Mentioned: FF:TSX;FFMGF:OTCQX;FMG:FRA, ) Fri, 04 Sep 2026 00:00:00 PST Red Lake Gold Producer Lifts Output 51% as Madsen Mill Ramp Targets 1,000 tpd https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html Source: <a href="https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html?utm_medium=feed">Nicholas Lobo 09/03/2026</a> Second-quarter gold output rose 51% to 8,576 ounces in Ontario's Red Lake district as AISC fell 30%, free cash flow turned positive and shaft Phase One wrapped up.On August 28, 2026, Matthew O'Keefe of Cantor Fitzgerald Canada reiterated a Buy rating and CA$2.20 price target on <a href="https://www.streetwisereports.com/pub/co/5614?utm_medium=feed" target="_blank" rel="noopener">West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE)</a>, implying a 134% return from the August 27, 2026 closing price of CA$0.94, following second-quarter results that showed the Madsen Mine ramp-up gathering pace, with gold production up 51% quarter-over-quarter and unit costs falling sharply. <h2 dir="ltr" style="text-align: center;">Q2/2026 Operating Results</h2> The Madsen Mine produced 8,576 ounces of gold in the quarter and sold 8,260 ounces, a 34% sequential increase. Mining activity accelerated, with 75,524 tonnes mined at 4.3 g/t gold, lifting mined ounces 73% quarter-over-quarter to 10,459 ounces. Mill throughput averaged 842 tonnes per day, up 47% sequentially, at roughly 95% recovery. Because mining rates outpaced the mill, the company built a surface ore stockpile of approximately 10,768 tonnes by quarter-end, which O'Keefe views as providing operational flexibility as the ramp-up continues through the second half of 2026. Processing rates are expected to rise to about 1,000 tonnes per day in H2/26. <h2 dir="ltr">Q2/2026 Financial Results</h2> An average realized gold price of US$4,288 per ounce drove revenue of CA$49.0 million and income from mining operations of CA$20.1 million, up 31% quarter-over-quarter and equating to a 41% operating margin versus 37% in Q1/26. Operating income was CA$15.0 million after general and administrative expenses of CA$3.2 million, share-based compensation of CA$1.6 million, and exploration expenses of CA$0.3 million. Reported net income was CA$14.7 million, boosted by a CA$4.5 million fair value gain on the company's gold-linked notes; adjusting for that and other items, adjusted net earnings were CA$12.6 million, or CA$0.03 per share. Capital expenditures totaled roughly CA$18.6 million, driven mainly by mine development at Madsen. Free cash flow swung to a positive CA$9.7 million from negative CA$6.1 million in Q1/26. Cash stood at CA$31.2 million at quarter-end, down from CA$35.9 million at the end of Q1/26, reflecting CA$6.3 million of growth capital directed to the Fork Deposit access drift and Phase II shaft refurbishment. <h2 dir="ltr" style="text-align: center;">2026 Guidance Unchanged</h2> Guidance introduced in April 2026 for production of 35,000 to 45,000 ounces of gold, cash costs of US$2,400 to US$3,100 per ounce, and AISC of US$2,800 to US$3,600 per ounce is unchanged. Q2/26 cash costs of US$2,000 per ounce came in below the low end of guidance, and AISC of US$3,284 per ounce landed mid-range, both down 23% and 30% sequentially, which O'Keefe describes as a marked step up from the development-heavy, limited-mining-front conditions that kept Q1/26 costs elevated. With first-half production of 14,243 ounces tracking within the full-year range, the analyst sees the company "on track to meet full-year guidance, with output still weighted to H2/26" as throughput ramps. <h2 dir="ltr" style="text-align: center;">Shaft Development</h2> Earlier in August, West Red Lake Gold completed Phase One of the Madsen Mine Shaft refurbishment program, demonstrating the ability to safely hoist ore and waste via the existing shaft at approximately 200 tonnes per day. Phase Two, targeted for H2 2027, involves hoist and skip upgrades and is expected to support roughly 700 tonnes per day, while Phase Three, targeted for H2 2028, is designed for a steady-state configuration of about 2,000 tonnes per day. All major Phase Two equipment is on site with installation underway. Phases One and Two reach Level 10 at approximately 500 meters depth, allowing hoisting from the active Austin and South Austin mining complexes, while Phase Three would support haulage from deeper in the mine, potentially at Level 17. <h2 dir="ltr" style="text-align: center;">Catalysts and Risks</h2> Near-term catalysts include continued mine development, rising throughput toward 1,000 tonnes per day, progress on the access ramp to the high-grade Fork deposit, and additional assay results from Starratt Olsen drilling and the 904 complex. An updated pre-feasibility study combining Madsen and Rowan is on track for the latter half of September 2026. Execution remains tied to the ramp-up itself: the company continues to depend on non-sustaining capital for the Fork access drift and shaft refurbishment, carries CA$84.6 million of debt against CA$31.2 million of cash, and its full-year output is weighted to the second half, leaving guidance dependent on throughput and grade improvements still to be delivered. <h2 dir="ltr" style="text-align: center;">Valuation and Outlook</h2> Incorporating the quarter had no material impact on Cantor's model. O'Keefe continues to value the company on an equally weighted 0.6x NAV and 6.0x 2027 estimated CFPS basis, yielding the unchanged CA$2.20 per fully diluted share target. "We expect WRLG's valuation multiples to expand as the company establishes and meets its production and cost guidance over the course of 2026 and 2027," he wrote. West Red Lake Gold carries a market capitalization of CA$389.6 million, 414.5 million basic shares outstanding, and 554.4 million fully diluted shares, and trades at 0.41x P/NAV within a 52-week range of CA$0.59 to CA$1.49. Company-wide attributable resources total 10,046 kt at 8.11 g/t for 2,618 koz of gold on a measured, indicated, and inferred basis, including probable reserves of 1,823 kt at 8.16 g/t for 478 koz. <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:Disclosures for Cantor Fitzgerald, West Red Lake Gold Mines Ltd., August 28, 2026 The opinions, estimates and projections contained in this report are those of Cantor Fitzgerald Canada Corporation. (“CFCC”) as of the date hereof and are subject to change without notice. Cantor makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; however, Cantor makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained herein and accepts no liability whatsoever for any loss arising from any use of or reliance on this report or its contents. Information may be available to Cantor that is not herein. This report is provided, for informational purposes only, to institutional investor clients of Cantor Fitzgerald Canada Corporation, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. This report is issued and approved for distribution in Canada, CFCC., a member of the Canadian Investment Regulatory Organization (“CIRO”), the Toronto Stock Exchange, the TSX Venture Exchange, and the CIPF. This report is has not been reviewed or approved by Cantor Fitzgerald & Co., a member of FINRA. This report is intended for distribution in the United States only to Major Institutional Investors (as such term is defined in SEC 15a-6 and Section 15 of the Securities Exchange Act of 1934, as amended) and is not intended for the use of any person or entity that is not a major institutional investor. Major Institutional Investors receiving this report should effect transactions in securities discussed in the report through Cantor Fitzgerald & Co. Non US Broker Dealer 15a-6 disclosure: This report is being distributed by (CF Canada/CF Europe/CF Hong Kong) in the United States and is intended for distribution in the United States solely to “major U.S. institutional investors” (as such term is defined in Rule15a-6 of the U.S. Securities Exchange Act of 1934 and applicable interpretations relating thereto) and is not intended for the use of any person or entity that is not a major institutional investor. This material is intended solely for institutional investors and investors who Cantor reasonably believes are institutional investors. It is prohibited for distribution to non-institutional clients including retail clients, private clients and individual investors. Major Institutional Investors receiving this report should effect transactions in securities discussed in this report through Cantor Fitzgerald & Co. This report has been prepared in whole or in part by research analysts employed by non-US affiliates of Cantor Fitzgerald & Co that are not registered as broker-dealers in the United States. These non-US research analysts are not registered as associated persons of Cantor Fitzgerald & Co. and are not licensed or qualified as research analysts with FINRA or any other US regulatory authority and, accordingly, may not be subject (among other things) to FINRA’s restrictions regarding communications by a research analyst with a subject company, public appearances by research analysts, and trading securities held by a research analyst account. Potential conflicts of interest The author of this report is compensated based in part on the overall revenues of Cantor, a portion of which are generated by investment banking activities. Cantor may have had, or seek to have, an investment banking relationship with companies mentioned in this report. Cantor and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although Cantor makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies. Disclosures as of August 28, 2026 Cantor has not provided investment banking services or received investment banking related compensation from West Red Lake Gold Mines Ltd. within the past 12 months. The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of West Red Lake Gold Mines Ltd. The analyst responsible for this report has visited the material operations of West Red Lake Gold Mines Ltd. No payment or reimbursement was received for related travel costs. Analyst certification The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein. Definitions of recommendations BUY: The stock is attractively priced relative to the company’s fundamentals and we expect it to appreciate significantly from the current price over the next 6 to 12 months. BUY (Speculative): The stock is attractively priced relative to the company’s fundamentals, however investment in the security carries a higher degree of risk. HOLD: The stock is fairly valued, lacks a near term catalyst, or its execution risk is such that we expect it to trade within a narrow range of the current price in the next 6 to 12 months. The longer term fundamental value of the company may be materially higher, but certain milestones/catalysts have yet to be fully realized. SELL: The stock is overpriced relative to the company’s fundamentals, and we expect it to decline from the current price over the next 6 to 12 months. TENDER: We believe the offer price by the acquirer is fair and thus recommend investors tender their shares to the offer. UNDER REVIEW: We are temporarily placing our recommendation under review until further information is disclosed. Member-Canadian Investor Protection Fund. Customers' accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request. Streetwise Disclosures <ol> <li>West Red Lake Gold Mines Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32398"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32398" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE, ) Thu, 03 Sep 2026 00:00:00 PST Decade Ventures Big, Decade Scores Big https://www.streetwisereports.com/article/2026/09/02/decade-ventures-big-decade-scores-big.html Source: <a href="https://www.streetwisereports.com/article/2026/09/02/decade-ventures-big-decade-scores-big.html?utm_medium=feed">Bob Moriarty 09/02/2026</a> Bob Moriarty of 321gold.com shares his thoughts on Decade Resources Ltd. (DEC:TSX.V; DEXCF:OTCMKTS) after its recent news. <div role="feed" aria-label="Chat messages" aria-describedby="_r_fn_"> <div tabindex="0" role="article" aria-setsize="2" aria-posinset="2" aria-label="Message 2 of 2"> This annum appears like a wild ride for commodity speculators. The dawn of the year witnessed gold surpassing US$5,500 and silver gliding past US$120 per troy ounce. Following a meteoric ascent supporting the precious metals, an adjustment was both fitting and imperative. We experienced it. The eighth month delivered a pleasant rebound not only to the metals but also to the junior speculative equities. The marketplace is starting to recognize the immense leverage the junior speculative stocks present to metal values. <a href="http://www.321gold.com/editorials/moriarty/moriarty070926.html" target="_blank" rel="noopener">I penned a piece about one of my sponsors on July 9. </a>The equity traded at CA$0.56 when the article was released. And although I would adore taking credit for the climb in the ensuing month to a zenith of CA$1.42, truthfully, I had nearly zero influence. <a href="https://herculesmetals.com/news-release/?qmodStoryID=8802075479458633" target="_blank" rel="noopener">While the firm indeed struck a scorching 788 meters of 0.54% CuEq,</a> the actual bulletin was a fresh recruit by the enterprise. Hercules Metals Corp. (BADEF:OTCMKTS; BIG:TSXV)<a href="https://herculesmetals.com/news-release/?qmodStoryID=6089888080875885" target="_blank" rel="noopener"> </a><a href="https://herculesmetals.com/news-release/?qmodStoryID=6089888080875885" target="_blank" rel="noopener">onboarded six of the absolute premier executives </a>who had propelled Arizona Sonoran from an inferred valuation of CA$125 million in July 2021 to an acquisition by Hudbay Minerals for roughly CA$2 billion in 2026. <a href="https://herculesmetals.com/news-release/?qmodStoryID=7396256097373689" target="_blank" rel="noopener">Hercules founder and CEO Chris Paul subdued his pride and persuaded one of the preeminent teams in mining to enlist </a>with the company as a unit and to contribute CA$4.5 million of their personal capital as well. That's what you might dub a colossal vote of assurance in the endeavor and the wisdom of Chris Paul. Speculators pounced on the equity instantly, spotting the identical great opportunity the leadership team perceived. Not to be surpassed, BCM Resources Corp. (B:TSX.V; BCMRF:OTCMKTS) <a href="https://bcmresources.com/news-releases/bcm-encounters-over-550-meters-of-strong-porphyry-skarn-mineralization-in-hole-tk20-at-its-100-controlled-thompson-knolls/" target="_blank" rel="noopener">proclaimed over 550 meters</a> of robust mineralization at their Thompson Knolls three weeks prior on August 6. The shares that had languished at CA$0.13 a week earlier vaulted higher to an apex of CA$0.77 predicated on visual assessment of the core. Assays are anticipated for validation. Westward Gold Inc. (WG:CSE; WGLIF:OTC; IM50:FSE) made an analogous move. Exchanging hands at CA$0.135 on July 31, the firm reported assay outcomes from trenching <a href="https://westwardgold.com/news-releases/westward-gold-intersects-13.4-metres-of-6.55-g-au-t-within-34.8-metres-of-2.84-g-au-t-in-trenching-at-the-ssd-target-toiyabe/" target="_blank" rel="noopener">on August 4.</a> The company pursued drill results from beneath the trenching<a href="https://westwardgold.com/news-releases/westward-gold-drills-12.0-metres-of-8.06-g-au-t-within-27.0-metres-of-3.72-g-au-t-in-hole-t2601-at-the-ssd-target-toiyabe-hills/" target="_blank" rel="noopener"> on August 18 </a>and again <a href="https://westwardgold.com/news-releases/westward-gold-drills-34.9m-of-2.91-g-t-au-incl-4.1m-of-16.15-g-t-au-in-hole-t2602-at-the-ssd-target-toiyabe-hills-property/" target="_blank" rel="noopener">on August 25</a>, signifying what looks to be discovery holes on a potential major Carlin-style gold find. The equity catapulted higher on the intelligence by nearly 200% to a fresh peak of CA$0.395. On August 31, <a href="https://www.streetwisereports.com/pub/co/11512?utm_medium=feed" target="_blank" rel="noopener">Decade Resources Ltd. (DEC:TSX.V; DEXCF:OTCMKTS)</a> issued a press release about the inaugural hole they had bored in a <a href="https://decaderesources.ca/news/decade-drills-into-porphyry-style-copper-mineralization-in-first-ever-deep-test-beneath-a-high-chargeability-anomaly-at-bonaparte/" target="_blank" rel="noopener">Phase 1 Drill program</a> at their 80% option on their<a href="https://decaderesources.ca/projects/bonaparte/" target="_blank" rel="noopener"> Bonaparte project</a> in the Kamloops Mining Division of British Columbia. The Phase 1 scheme is for drilling 3,000 meters into a High Chargeability Anomaly. It is the very first deep hole punched into the suspected copper/gold porphyry. From a purely technical standpoint, the hole was a 100% triumph based on the visuals. Company President and Director Ed Kruchkowski has done nothing more than follow up on drilling a buried porphyry first proposed by the geologists from the British Columbia Geological Survey as far back as 2013. This initial hole has hit the core of the target, as shown by the presence of moly. We shall see what the assays say about copper and gold, but visually, they should be there. The inaugural hole was comparatively flat and terminated in mineralization. When you drill relatively flat holes, you squander the advantage gravity affords you. The 2nd hole will be more inclined. The hole entered the core of the system targeted at 557 meters and bottomed at 621.6 meters. Ed will want to delve deeper on hole 2. The cost of the shares today is one of those good news, bad news narratives. There are seven million warrants that cease on September 10 at CA$0.08. That's only seven trading days away. Naturally, Ed would favor those warrants getting exercised; it would bring in CA$560,000 in cash from speculators who have been patient for a long, long time. Additionally, there are another just over twenty million warrants at CA$0.08 that expire on December 3. We can disregard them for now; those holders won't be in any rush to exercise in the same way the September 10 warrant holders will be. I highly suspect many of the shares being exchanged on the first day after the press release emerged are warrant holders selling to pick up the warrants at a 100% profit. When that selling is satiated, I see the shares going much higher. This is a real discovery hole. The shares were inexpensive when I last wrote about Decade in January. As long as warrant holders continue to sell shares to exercise their warrants, there will be an overhang, but this looks as if it is going to be a giant porphyry copper/gold discovery. The shares are up 65% on the first day, and it is still absurdly cheap. The firm has finished over 750 soil samples and 30 rock grab samples. Those have been submitted for assay. Decade Resources is a sponsor. I have bought a lot of shares in the open market, so naturally, I am partial. The company has done an excellent job of refreshing its website, and prospective speculators should visit the site. My sole suggestion to Ed would be to contemplate doing a rollback at the same time he proclaims the assay outcomes. The share count is absurdly high, with 126 million warrants on top of 251 million shares issued and outstanding. <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>Important Disclosures:<ol> <li>Decade Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Decade Resources Ltd. and Westward Gold.</li> <li>Bob Moriarty: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. 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">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=32397"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32397" width="0" height="0"> ( Companies Mentioned: DEC:TSX.V;DEXCF:OTCMKTS, ) Wed, 02 Sep 2026 00:00:00 PST Tanzania Gold Developer Hits 28.71 g/t at Imwelo Project https://www.streetwisereports.com/article/2026/09/02/tanzania-gold-developer-hits-28-71-g-t-at-imwelo-project.html Source: <a href="https://www.streetwisereports.com/article/2026/09/02/tanzania-gold-developer-hits-28-71-g-t-at-imwelo-project.html?utm_medium=feed">Streetwise Reports 09/02/2026</a> Lake Victoria Gold advances its fully permitted Imwelo gold project in Tanzania with recent high-grade drill results and financing arrangements in place as it targets construction start this quarter.Recent drill results at the Imwelo gold project have delivered standout shallow intercepts that highlight the near-surface potential of the first planned open pit. <a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE)</a> reported hole IMWDR029 returning 28.71 grams per tonne gold over 2.75 meters starting at just 21 meters depth, including a 1.3-meter interval grading 59.77 g/t with a quartz-vein sample reaching 142.9 g/t, <a href="https://www.stockwatch.com/News/Item/Z-C!LVG-3858729/C/LVG" target="_blank" rel="noopener">according to a September 1 release</a>. These results come as the company targets a construction start this quarter on a fully permitted project. Gold prices have stayed near historic highs through the first half of 2026, drawing investor attention to developers that are moving from permitted resources toward actual production. The transition from development to operating a mine often narrows the valuation discount that investors apply to companies still facing permitting, funding, and construction risks. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Imwelo holds a valid Mining Licence ML 538/2015 and all required permits, with construction targeted for the current quarter.</li> <li>A 23-hole sterilization program confirmed no significant gold under the planned plant and camp sites.</li> <li>Financing includes a binding gold loan term sheet for up to 6,000 ounces (approximately US$25 million) and CA$4,165,200 in convertible debentures.</li> <li>Shallow high-grade intercepts at Area C, including 28.71 g/t over 2.75 m, will guide pit design and grade control.</li> <li>Analyst coverage includes a CA$0.65 target price with a Buy rating from Atrium Research.</li> <li>Additional upside exists at the adjacent Tembo project through a proposed toll-milling arrangement.</li> </ul> Lake Victoria Gold's position is strengthened by its Tanzanian-led EPCM structure approved in June, with City Engineering Company Ltd. as the main contractor and Sutton Consulting International providing technical support. Senior Project Manager Charl Coetzee mobilized to the site in July, as the company advances the project toward its targeted first gold in 2027. The company has also launched metallurgical testwork on weathered ore from the recent Area C drilling to evaluate clay-handling requirements and inform the final process flowsheet and plant design. Earlier work had already shown recoveries of 96-97% on deeper sulfide ore. This work helps reduce technical risk before final plant configuration. <h2 style="text-align: center;">Imwelo Project Advantages and Next Catalysts</h2> Imwelo benefits from its location in Tanzania's Lake Victoria goldfield, roughly 12 kilometers west of AngloGold's Geita mine. The 10-year mining license covers both construction and production. A 500-tonnes-per-day carbon-in-pulp facility operated by Nyati on the claims offers a potential toll-milling route for nearby resources. Beyond Imwelo, Lake Victoria Gold holds a maiden mineral resource of approximately 580,000 ounces at its 100%-owned Tembo project, adjacent to Barrick's Bulyanhulu Mine. Lake Victoria Gold is pursuing a potential toll-milling arrangement with Nyati that could provide a near-term production pathway at Tembo, while the company retains potential contingent payments of up to US$45 million from its separate transaction with Barrick. Near-term catalysts include the closing of the Monetary Metals gold loan, subject to required regulatory approvals; Tembo drill results; the finalization of a definitive Nyati toll-milling agreement; and continued Imwelo site development as the company advances toward its targeted construction start in the third quarter of 2026. <h2 style="text-align: center;">Broader Sector Timing and Comparable Projects</h2> Several developers have recently demonstrated the valuation shift that occurs upon reaching production. G Mining Ventures (GMIN:TSX.V)<a href="https://wallstreetpr.com/from-developer-to-producer-minings-biggest-valuation-shift/?utm_source=chatgpt.com" target="_blank" rel="noopener"> completed the Tocantinzinho mine in Brazil </a>on schedule and budget, pouring first gold in 2024 and generating approximately US$580 million in revenue from 171,871 ounces in 2025. Lundin Gold Inc. (LUG:TSX; LUGDF:OTCQX) purchased the Fruta del Norte deposit in Ecuador for US$240 million in 2014 and reached a market capitalization of roughly CA$20 billion after commercial production began in 2020. Montage Gold Corp. (MAU:TSX.V) is advancing its US$825 million Kon project in Côte d'Ivoire toward first production in the fourth quarter of 2026. In Tanzania, TRX Gold Corp. (TNX:TSX; TRX:NYSE.American) produced 7,426 ounces at its Buckreef operation in the latest quarter at an average realized price of US$4,703 per ounce. Barrick Mining Corp. (ABX:TSX; B:NYSE) maintains an equity interest in Lake Victoria Gold, while Tanzania's Taifa Group has been engaged for civil construction and contract mining. <h2 style="text-align: center;">Analyst Views and Valuation Context</h2> Atrium Research analyst Ben Pirie maintained a Buy rating and CA$0.65 per share target price following the August 27 drill results, noting the shallow high-grade character of Area C and the ongoing metallurgical program. Red Cloud analyst Alina Islam highlighted Tembo's maiden resource and the potential for near-term cash flow via toll milling alongside exploration upside at the Ngula 1 target. Investors should note that Imwelo has undergone JORC-compliant preliminary economic assessment and pre-feasibility work, but those studies are no longer current under NI 43-101. The company has not completed a feasibility study establishing mineral reserves under CIM Definition Standards. Any production decision, therefore, carries elevated risks of economic or technical underperformance. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Lake Victoria Gold Ltd. has a market cap of CA$61.78 million, with 202.54 million shares outstanding. The 52-week range is CA$0.16-CA$0.36. Institutions own about 9.37% of shares, strategic investors own 17.5%, and management and insiders own about 21.36%, with the balance held by retail investors. [OWNERSHIP_CHART-11073] <h2 style="text-align: center;">Common Questions from Investors</h2> What is the status of Imwelo financing? A binding term sheet with Monetary Metals covers a gold loan of up to 6,000 ounces valued at approximately US$25 million and repayable in gold, while Lake Victoria Gold has completed convertible debenture financing totaling CA$4,165,200. How do the latest Area C results support mine planning? The shallow high-grade intercepts, including 12.20 g/t over 4.50 meters from 32 meters, are expected to provide additional data for detailed pit design and grade-control planning in the first open-pit mining area. What is the timeline for the first gold at Imwelo? With Phase 1 earthworks underway and construction start targeted for the current quarter, the project remains on track for the first gold pour in 2027. What role could Tembo play in near-term cash flow? A potential toll-milling arrangement with Nyati could provide a near-term production and cash-flow pathway while allowing Lake Victoria Gold to continue advancing exploration at Tembo. Gold prices experienced short-term pressure in early September 2026 amid shifting rate expectations, yet structural factors such as debt levels and geopolitical uncertainty continue to support the broader precious-metals environment. Lake Victoria Gold's progress at Imwelo positions the company to potentially benefit as it advances from developer to producer status. [SMNLINSERT]Important Disclosures:<ol> <li>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lake Victoria Gold Ltd.</li> <li>Jordan Nova 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=32396"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32396" width="0" height="0"> ( Companies Mentioned: LVG:TSX.V; LVGLF:OTCQB; E1K:FSE, ) Wed, 02 Sep 2026 00:00:00 PST Newfoundland Gold Explorer Hits 30.6 g/t Au at Moosehead https://www.streetwisereports.com/article/2026/09/02/newfoundland-gold-explorer-hits-30-6-g-t-au-at-moosehead.html Source: <a href="https://www.streetwisereports.com/article/2026/09/02/newfoundland-gold-explorer-hits-30-6-g-t-au-at-moosehead.html?utm_medium=feed">Streetwise Reports 09/02/2026</a> Pirate Gold Corp reports 30.6 g/t Au over 1.35 m at the Moosehead zone in Newfoundland. New Caribou fault discovery expands high-grade potential at the Treasure Island project amid gold market conditions.Pirate Gold Corp. (YARR.TSX.V) has reported new exploration results from the Moosehead zone at its Treasure Island project in central Newfoundland, <a href="https://www.pirategold.ca/news/pirate-gold-intersects-306-gt-au-over-135m-and-425-gt-au-over-665m-at-moosehead-identifies-new-gold-structure" target="_blank" rel="noopener">according to an August 28 release</a>. The intercepts include 30.6 grams per tonne gold over 1.35 meters from shallow drilling on the Eastern trend. These results arrive as gold prices have pulled back from record highs, creating a timely window for investors to evaluate junior gold explorers with active drill programs in established Canadian districts. <h2 style="text-align: center;">Why the Latest Intercepts Matter for Investors</h2> The 30.6 g/t Au intercept at roughly 20 meters vertical depth confirms near-surface high-grade potential along the Eastern trend. A second intercept of 4.25 g/t Au over 6.65 meters on the Western trend extends known mineralization down-plunge from an interpreted vein junction. Both holes sit within previously identified trends that now host gold over more than 500 meters of strike on the Western trend alone. <h2 style="text-align: center;">Company Position and Project Scale</h2> Pirate Gold controls more than 90 kilometers of strike along the Valentine Lake fault zone in central Newfoundland. Moosehead occupies the northern portion of the Treasure Island project and is interpreted as a secondary orogenic fault network branching from the regional structure. The company maintains year-round road access from the Trans-Canada Highway near Grand Falls-Windsor. <h2 style="text-align: center;">Key Assets and Ongoing Catalysts</h2> Drilling has now traced the Rib vein discovery between the Eastern and Western trends over more than 200 meters of strike to depths of 90 meters. Surface trenching from 2024 returned 22.6 g/t Au over 4.85 meters across the Western trend and 7.09 g/t Au over 8.1 meters across the Rib vein. Nineteen shallow holes on the newly identified Caribou fault, 150 meters west of the Western trend, returned significant gold in eight holes across 400 meters of strike. <a href="https://www.pirategold.ca/investors#treasure-hunter-series" target="_blank" rel="noopener">The 17th episode of the company's video series "Pirate Gold Treasure Hunters" provides an aerial overview of Moosehead</a> and places the new structures in context with more than 135,000 meters of prior drilling. <h2 style="text-align: center;">Broader Sector Timing and Macro Backdrop</h2> Gold traded near US$4,369 per ounce in early September after peaking at US$5,589 in January. <a href="https://www.cbsnews.com/news/golds-price-down-by-over-21-percent-where-will-it-head-september-2026/" target="_blank" rel="noopener">According to Angela Leicht of CBS News MoneyWatch on September 1</a>, rate expectations and inflation data will influence near-term price action. <a href="https://www.kitco.com/news/article/2026-08-31/gold-silver-price-corrections-may-create-buying-opportunities-despite" target="_blank" rel="noopener">According to a piece by Neils Christensen for Kitco News on August 31</a>, analyst Simon-Peter Massabni noted that recent moves largely reflect the repricing of interest-rate expectations rather than a reversal of longer-term supportive fundamentals. <h2 style="text-align: center;">Views and Valuation Context</h2> <a href="https://www.streetwisereports.com/article/2026/04/15/mining-co-uncovers-150m-gold-structure-at-treasure-islands-moosehead-zone.html?utm_medium=feed" target="_blank" rel="noopener">On April 15, Bob Moriarty of 321gold.com called</a> an earlier 65.1 g/t Au intercept a "home-run hole." <a href="https://www.streetwisereports.com/article/2026/06/24/pirate-gold-corp-advances-major-copper-gold-discovery.html?utm_medium=feed" target="_blank" rel="noopener">On June 22, he had flagged</a> copper-gold porphyry potential at the Moby Dick target on the same project. [OWNERSHIP_CHART-11576] <h2 style="text-align: center;">Share Structure and Ownership1</h2> Pirate Gold trades with a market capitalization of CA$101.42 million and 507.08 million shares outstanding. The 52-week trading range stands at CA$0.03 to CA$0.39. Institutions hold 1.75 percent, strategic investors 19.51 percent, management and insiders 5.75 percent, and retail investors the remaining 72.99 percent. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>High-grade intercepts of 30.6 g/t Au over 1.35 m and 4.25 g/t Au over 6.65 m extend known mineralization along established trends at Moosehead.</li> <li>A new parallel structure, the Caribou fault, returned gold in eight of nineteen shallow holes across 400 m of strike.</li> <li>The Rib vein now links Eastern and Western trends over more than 200 m of tested strike and remains open at depth.</li> <li>Year-round road access and more than 1,500 m of total strike length traced to date reduce logistical risk for ongoing exploration.</li> <li>Gold price volatility tied to rate expectations creates a current entry point for investors evaluating exploration-stage Newfoundland gold assets.</li> <li>Additional copper-gold targets at Crippleback provide portfolio diversification beyond the high-grade gold focus at Moosehead.</li> </ul> <h2 style="text-align: center;">Common Questions from Investors</h2> What drill results were announced? Pirate Gold reported 30.6 g/t Au over 1.35 m on the Eastern trend and 4.25 g/t Au over 6.65 m on the Western trend, plus new gold mineralization on the Caribou fault 150 m west of the Western trend. How extensive is the Moosehead system? The fault-and-vein network has been traced over more than 1,500 m of strike, with high-grade gold defined across roughly 800 m of the Eastern and Western trends to about 200 m depth. What is the significance of the Caribou fault? It is a parallel structure tested by nineteen shallow holes, eight of which returned significant gold, confirming the potential for additional high-grade zones outside the main trends. Does the project have infrastructure advantages? Yes. Moosehead benefits from year-round road access directly from the Trans-Canada Highway near Grand Falls-Windsor and Bishop's Falls. How does the gold market context affect the story? Recent price weakness linked to shifting rate expectations may prove temporary, while underlying fiscal and geopolitical factors continue to support precious metals over the medium term. Retail investors should review the full technical data and consider the risks inherent in exploration-stage mineral exploration before making allocation decisions. <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>Jordan Nova 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=32393"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32393" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Wed, 02 Sep 2026 00:00:00 PST Gold Developer Hits High-Grade Near-Surface Gold in Tanzania https://www.streetwisereports.com/article/2026/09/01/gold-developer-hits-high-grade-near-surface-gold-in-tanzania.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/gold-developer-hits-high-grade-near-surface-gold-in-tanzania.html?utm_medium=feed">Streetwise Reports 09/02/2026</a> With gold near record highs, investors are hunting for the developers closest to becoming producers and Lake Victoria Gold says its Tanzanian Imwelo project just cleared a run of milestones toward that line. Read how analysts responded to recent results from the company. With gold prices remaining close to historic highs during the first half of 2026, investors have increasingly focused on which mining developers are approaching the transition from permitted resources to operating mines. <a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE)</a> has reached a series of milestones at its Imwelo project in Tanzania that the company says place it closer to that stage, <a href="https://www.stockwatch.com/News/Item/Z-C!LVG-3858729/C/LVG" target="_blank" rel="noopener">according to a September 1 release</a>. The Imwelo project carries Mining Licence ML 538/2015 and has received all required permits, according to the release. A 23-hole, 1,136-meter sterilization drilling campaign completed in June confirmed that the proposed plant and accommodation footprints contain no significant gold mineralization. On June 29, the Tanzania Mining Commission authorized a Tanzanian-led EPCM structure, with City Engineering Company Ltd. acting as the main contractor and Sutton Consulting International supplying international technical assistance. Senior Project Manager Charl Coetzee arrived at the site on July 8. Lake Victoria Gold also secured a binding April 1 term sheet with Monetary Metals for a gold loan of up to 6,000 ounces, valued at approximately US$25 million, which will be repaid in gold rather than cash. The company completed the last tranche of its convertible debenture financing on July 2, increasing the total financing to CA$4,165,200. Construction start is targeted for the current quarter. Investors have traditionally assigned significant discounts to mining companies that remain in the development phase because of the risks tied to permitting, funding, construction, and commissioning, the company said. As companies overcome those hurdles, valuations can move away from development-stage discounts and toward the higher multiples typically associated with producers. G Mining Ventures (GMIN:TSX.V) provides a recent illustration after completing the Tocantinzinho mine in Brazil on schedule and within budget, pouring its first gold in 2024 and producing 171,871 ounces in its first full year of commercial operations in 2025, generating approximately US$580 million in revenue, Lake Victoria said in the release, <a href="https://wallstreetpr.com/from-developer-to-producer-minings-biggest-valuation-shift/?utm_source=chatgpt.com" target="_blank" rel="noopener">linking to a WallStreetPR piece from August 27</a>. Lundin Gold Inc. (LUG:TSX; LUGDF:OTCQX) purchased the Fruta del Norte deposit in Ecuador for US$240 million in 2014, achieved commercial production in 2020, and produced 498,315 ounces in 2025, while its market capitalization has since reached roughly CA$20 billion. Montage Gold Corp. (MAU:TSX.V) is moving through a similar transformation as construction advances at its US$825 million Koné project in Côte d'Ivoire, with first production targeted for the fourth quarter of 2026. TRX Gold Corp. (TNX:TSX; TRX:NYSE.American) is following a comparable path in Tanzania, where its Buckreef operation, located within the same Geita greenstone belt as Imwelo, produced 7,426 ounces during the latest quarter at a record average realized price of US$4,703 per ounce. Barrick Mining Corp. (ABX:TSX; B:NYSE) maintains an equity interest in Lake Victoria Gold, while Tanzania's Taifa Group has been engaged for civil construction and contract mining. Imwelo has previously undergone JORC-compliant preliminary economic assessment and pre-feasibility work, but those studies are no longer current under NI 43-101. Lake Victoria Gold has also not completed a feasibility study establishing mineral reserves under CIM Definition Standards. The release noted that any decision to proceed with production does not rely on a current mineral-reserve feasibility study and carries elevated risks of economic or technical underperformance. <h2 style="text-align: center;">Shallow, High-Grade Hits Sharpen Imwelo's First Pit</h2> <a href="https://www.streetwisereports.com/article/2026/08/26/developer-uncovers-high-grade-near-surface-gold-in-tanzania.html?utm_medium=feed" target="_blank" rel="noopener">On August 27, Lake Victoria reported new shallow, high-grade gold assays</a> from eight HQ diamond drill holes covering roughly 240 meters of strike at Area C, the planned first open-pit mining area at Imwelo. Hole IMWDR029 returned 28.71 grams per tonne gold (g/t Au) over 2.75 meters from 21 meters, including 59.77 g/t Au over 1.3 meters, while a 0.5-meter quartz-vein sample within the interval assayed 142.9 g/t Au. Hole IMWDR028 produced 12.2 g/t Au over 4.5 meters from 32 meters, including 27.94 g/t Au over 1.9 meters, with a 0.4-meter quartz-vein sample grading 124.83 g/t Au. The mineralization occurs in shallow saprolitic and quartz-vein material, with the strongest intersections beginning only 21 and 32 meters downhole. Four additional holes, IMWDR025 through IMWDR027 and IMWDR030, encountered cavities linked to historic artisanal workings where parts of the shallow mineralized zone had previously been extracted. LVG said the results will help guide detailed mine design and grade-control planning. The company has also initiated a comprehensive metallurgical program on whole-core samples from all eight holes at Nesch Mintech Tanzania Ltd. The testing will compare untreated material with washing and desliming, as well as attrition scrubbing followed by desliming, to determine how best to process the clay-rich weathered ore. The program will assess gold recovery and liberation while examining how fine clay affects material handling and processing. Additional work will consider grind sizes, size-by-assay characteristics, gravity recovery, cyanide leaching, slurry behavior, settling and density characteristics, head grades, and multi-element composition. A key objective is to determine whether scrubbing, screening, or other front-end equipment will be necessary to improve processing performance. "These results reinforce the high-grade, near-surface character of Area C, and the metallurgical program now underway addresses a key input to our flowsheet design," Lake Victoria Gold President and Chief Executive Officer Marc Cernovitch said at the time. "Confirming how the clay-rich surface mineralized material behaves, alongside the strong recoveries already established for our sulfide and transitional mineralized material, supports sound plant design decisions and keeps our focus on disciplined capital and execution on the path to first gold." <h2 style="text-align: center;">Atrium Keeps Buy Rating After High-Grade Tanzania Hits</h2> The results from August 27 underscore how shallow and rich the deposit is at surface, according to an updated research note by Atrium Research Analyst Ben Pirie on the same day. Hole IMWDR029 returned 28.71 g/t gold over 2.75 meters from just 21.0 meters, and IMWDR028 cut 12.20 g/t over 4.5 meters from 32.0 meters, with both intersections occurring in the clay-rich saprolite and quartz-vein material that characterizes the area. The company also launched a metallurgical study on the weathered ore so it can finalize the Area C flowsheet before locking down the plant design. On the back of the results, the analyst held coverage steady: "We are maintaining our BUY rating and target price of CA$0.65/share on Lake Victoria Gold." The metallurgical work aims to settle whether the clay-heavy surface ore needs scrubbing and screening before processing, building on March testing that established free-milling metallurgy and recoveries near 96% to 97% on deeper sulfide ore. That weathered zone runs to roughly 40 to 60 meters and should be soft enough to dig without blasting, but its clay content could reshape recovery, throughput, and the ultimate capital bill — the kind of question management wants answered before committing to a final design. With Phase 1 earthworks already underway and these results feeding directly into the pit design and plant configuration, Imwelo stays on track for its first gold pour in 2027, clearing one of the last processing unknowns as LVG moves closer to transitioning from developer to producer. Beyond the flagship, the company holds a defined resource of roughly 580,000 ounces at Tembo, adjacent to Barrick's Bulyanhulu Mine, which could potentially advance toward production through a proposed toll-milling arrangement with Nyati while preserving Barrick's contingent payments worth up to US$45M. Near-term catalysts include Tembo drill results and a Nyati toll-milling agreement in the third quarter of 2026, ongoing work with Barrick, and the start of Imwelo construction, targeted for the third quarter of 2026. <h2 style="text-align: center;">New Resource Base and Toll-Milling Path Keep Tembo in Play</h2> Red Cloud analyst Alina Islam said in an August 12 research note that the updated mineral resource estimate gives Tembo Gold its first formal resource base and establishes a clearer inventory of ounces. She identified two main sources of potential: near-term production through a proposed toll-milling arrangement with Nyati Resources and further exploration at the Ngula 1 target. "In our view, the two things that keep Tembo interesting are: 1) near-term production potential via a toll-milling agreement with Nyati Resources (Private), for which an LOI has been signed, and 2) exploration upside at the Ngula 1 target," Islam wrote. Islam noted that Ngula 1 could have geological similarities to Barrick's nearby Bulyanhulu mine, particularly if mineralization strengthens at depth, although the comparison remains conceptual and requires additional drilling. The target spans about 600 meters of strike and remains open at depth, while hole TDD0041 returned 22.81 g/t Au over 15.00 meters from 299.00 meters, supporting further testing. A completed toll-milling deal could potentially generate cash flow to help fund deeper exploration. Red Cloud continues to focus primarily on LVG's flagship Imwelo project, where site preparation, earthworks, camp construction and EPCM contractor selection are progressing. However, the proposed US$25 million gold loan from Monetary Metals remains subject to the Bank of Tanzania's regulatory process and has not yet closed. The fully permitted project sits about 12 kilometers west of AngloGold's Geita mine and has a 10-year mining license covering construction and production. LVG is also negotiating toll processing with Nyati, which operates a 500-tonnes-per-day carbon-in-pulp facility on the company's claims. Red Cloud estimates that a completed agreement could produce at least about US$5 million in annual after-tax cash flow at current gold prices. "Advancing both Imwelo and Tembo towards a start-up to generate cash flow should drive the stock price," the report said. "Upcoming catalysts: 1) Closing of Imwelo financing package (ongoing), 2) Imwelo project construction (H2/26), 3) Tembo exploration (ongoing), and 4) toll-milling agreement with Nyati (ongoing)." <h2 style="text-align: center;">The Catalyst: Is the Pressure on Gold Short-Term?</h2> Gold prices weakened on Tuesday, September 1, as expectations for another Federal Reserve rate increase strengthened, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-tuesday-september-1-2026-gold-moves-lower-as-rate-hike-expectations-grow-120810063.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAKWiOdR_fCf8PJpqQab5EnO1-RBf-clOTWYbXrrg8CmrKj60uZc5rB09w-O_gRukvJNOQ67tYlNE8D3uCWTOIHOuL55yKkLmzm4KULmIb1FFiO87At56p7eLpOna4AjJnopyJgGsSRA_sBet_tfGif_RLXyeOmy1dR_6N3Qiv4M" target="_blank" rel="noopener">reported Tim Manni for Yahoo! Finance on September 1</a>. December gold futures began the session at US$4,498.70 per troy ounce, 0.4% above Monday's close, before slipping to US$4,432.20 per ounce by 7:56 a.m. ET. Persistent inflation, compounded by the ongoing conflict in Iran, continues to weigh on the metal. Recent remarks from Fed Chair Kevin Warsh that the central bank has "work to do" on inflation, together with renewed violence in the Middle East, have increased expectations for tighter monetary policy ahead of the Fed's meeting later this month. CME Group's FedWatch tool now shows a 66.4% probability of a 25-basis-point rate increase this month, compared with a 33.6% likelihood that policymakers will keep rates unchanged. The outlook has reversed sharply from a week earlier, when markets priced in a 60.4% chance of no change and a 39.6% probability of a hike. Higher interest rates can pressure gold because the metal generates no interest income, making interest-bearing assets relatively more attractive when yields rise. However, Simon-Peter Massabni, head of business development at XS.com, sees the recent move toward tighter monetary policy expectations as a possible short-term setback rather than a reversal of the broader gold and silver rally, <a href="https://www.kitco.com/news/article/2026-08-31/gold-silver-price-corrections-may-create-buying-opportunities-despite" target="_blank" rel="noopener">according to Neils Christensen's August 31 article for Kitco News</a>. Massabni told Kitco News that markets are adjusting their U.S. interest-rate outlook after Warsh spoke at the Federal Reserve's annual Jackson Hole symposium in Wyoming. Warsh reiterated his emphasis on bringing inflation back under control and left open the possibility of another rate hike if price pressures remain above the Fed's 2% target. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job . . . our mandate . . . and our charge to keep," Warsh said in his speech. Massabni said Warsh's remarks pushed the implied probability of a September rate increase to almost 57%. The shift has pressured precious metals as rising real yields and a stronger U.S. dollar generally make gold and silver less attractive. Nevertheless, he argued that investors should distinguish between changing rate expectations and the broader structural forces that have fueled the metals rally. "What we have seen so far is primarily a repricing of interest-rate expectations rather than a complete reversal of the fundamental forces that have supported gold throughout the broader rally," he said, according to Christensen. Massabni acknowledged that higher borrowing costs, rising Treasury yields, and dollar strength could weigh on gold in the short run. However, he pointed to expanding U.S. debt, fiscal concerns, geopolitical uncertainty, and broader economic vulnerabilities as longer-term factors that could continue supporting precious metals. He also sees a growing challenge for the Fed as it attempts to maintain sufficiently restrictive policy while higher rates increase the government's financing burden.[OWNERSHIP_CHART-11073] "My core view is that Warsh's speech could temporarily stall gold's advance, but it does not necessarily signal the end of the medium-term bullish trend," Massabni said. He expects near-term weakness and greater volatility as traders continue pricing in the possibility of a September hike, with additional profit-taking and a period of consolidation potentially ahead. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Lake Victoria Gold Ltd. has a market cap of CA$61.78 million, with 202.54 million shares outstanding. The company's 52-week range is CA$0.16-CA$0.36. Institutions own about 9.37% of shares, while Strategic Investors own 17.5%, management and insiders own about 21.36% of shares, and the rest is in retail. <h2 style="text-align: center;">Common Investor Questions</h2> What is Lake Victoria Gold's flagship project, and where is it? The Imwelo gold project in Tanzania, which holds Mining Licence ML 538/2015 and all required permits, and sits within the country's Lake Victoria goldfield, roughly 12 kilometers west of AngloGold's Geita mine. What milestones has Imwelo recently cleared? A 23-hole, 1,136-meter sterilization drilling campaign in June confirmed the plant and accommodation sites are clear of mineralization; the Tanzania Mining Commission approved a Tanzanian-led EPCM structure on June 29; and a senior project manager mobilized to the site on July 8, with construction slated to begin this quarter. How is the build being financed? Through a binding April 1 term sheet with Monetary Metals for a gold loan of up to 6,000 ounces (about US$25 million), repayable in gold rather than cash, alongside a convertible debenture financing that closed July 2 and lifted total financing to CA$4,165,200. What did the latest drilling at Area C show? Shallow, high-grade gold from the planned first open pit: hole IMWDR029 cut 28.71 g/t gold over 2.75 meters from 21 meters, and IMWDR028 returned 12.2 g/t over 4.5 meters from 32 meters, with quartz-vein samples grading as high as 142.9 g/t. What are analysts saying? Atrium Research's Ben Pirie maintained a Buy rating and a $0.65-per-share target after the August 27 drill results, while Red Cloud's Alina Islam pointed to Tembo's maiden ~580,000-ounce resource, near-term toll-milling potential with Nyati, and exploration upside at the Ngula 1 target. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of 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=32389"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32389" width="0" height="0"> ( Companies Mentioned: LVG:TSX.V; LVGLF:OTCQB; E1K:FSE, ) Wed, 02 Sep 2026 00:00:00 PST Gold Explorer Hits High-Grade Gold in Newfoundland District https://www.streetwisereports.com/article/2026/09/01/gold-explorer-hits-high-grade-gold-in-newfoundland-district.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/gold-explorer-hits-high-grade-gold-in-newfoundland-district.html?utm_medium=feed">Streetwise Reports 09/02/2026</a> Pirate Gold Corp. (YARR.TSX.V) reports new exploration results from the Moosehead zone at its Treasure Island project in central Newfoundland. Read about one expert who has called a "home-run hole."Pirate Gold Corp. (YARR.TSX.V) has reported new exploration results from the Moosehead zone at its Treasure Island project in central Newfoundland, <a href="https://www.pirategold.ca/news/pirate-gold-intersects-306-gt-au-over-135m-and-425-gt-au-over-665m-at-moosehead-identifies-new-gold-structure" target="_blank" rel="noopener">according to an August 28 release</a>. The project spans more than 90 kilometers of strike along the Valentine Lake fault zone in what has emerged as Canada's newest gold district. Hole PGC-26-112, drilled near the southern end of the Eastern trend, intersected high-grade gold at an approximate vertical depth of 20 meters, returning 30.6 grams per tonne gold (g/t Au) over 1.35 meters, including 89.7 g/t Au over 0.4 meters. At the Western trend, PGC-26-087 tested an area 45 meters downplunge from the interpreted junction of the north-south trending Western Trend and the east-west trending Rib vein. The hole intersected 4.25 g/t Au over 6.65 meters, including 40.8 g/t Au over 0.5 meters. Shallow drilling has now established strong gold grades along more than 500 meters of the Western trend and down to 140 meters. Surface trenching completed in 2024 exposed the interpreted junction between the Western trend and Rib vein, with channel samples grading 22.6 g/t Au over 4.85 m across the Western trend and 7.09 g/t Au over 8.1 m across the Rib vein, the release said. Pirate Gold said it identified the Rib vein as a new discovery linking the Eastern and Western trend zones at Moosehead in April 2026. Earlier results included 65.1 g/t Au over 3.25 meters from PGC-26-028, including 309.5 g/t Au over 0.5 meters. Follow-up drilling expanded the zone, with PGC-26-033 returning 6.97 g/t Au over 5.35 meters, including 69.1 g/t Au over 0.45 meters, while PGC-26-080 later returned 6.15 g/t Au over 0.55 meters. The company said it has now traced the vein structure between the Eastern and Western trends over more than 200 meters of strike and to depths reaching 90 meters. Drilling has yet to test the structure beyond its intersections with the Eastern and Western trend faults, while the vein remains open at depth. <h2 style="text-align: center;">Caribou Fault Adds Another Target</h2> Pirate Gold's latest Moosehead discovery, the Caribou fault, sits roughly 150 meters west of and parallel to the Western trend fault zone. Nineteen shallow drill holes tested the structure across 400 meters of strike, with eight returning significant gold mineralization, the release said. PGC-26-100 produced 2.88 g/t Au over 2.45 meters, including 4.63 g/t Au over 0.9 meters, while the northernmost hole, PGC-26-103, returned 1.04 g/t Au over 4.35 meters. Gold mineralization along the Caribou fault resembles the systems identified along the Eastern and Western trends, with networks of veins displaying massive, stylolitic, and brecciated textures. The mineralized zones generally contain pyrite and arsenopyrite, along with localized boulangerite. "The Moosehead zone comprises a broad network of faults and veins, which to date have been traced along over 1,500 meters of strike length and to depths exceeding 200 meters in the case of the Eastern trend fault," Vice President of Exploration Greg Matheson said. "The discovery of the Caribou fault was no surprise, as we always believed that other parallel structures should exist here. The recent shallow drilling has shown that we have a fertile structure that is continuous along at least 400 meters and, most importantly, that it can host high-grade gold mineralization. I believe that further structural analysis and exploration of this fault in context with the more heavily explored Eastern and Western fault zones can lead us to identify additional high-grade mineralization along the structure, which remains open along strike and at depth." Executive Chairman and Chief Executive Officer Denis Laviolette said Moosehead continues to deliver high-grade gold. "We're reporting 30.6 g/t gold over 1.35 meters and 4.25 g/t gold over 6.65 meters from established trends while also identifying another gold-bearing structure at Caribou," he said. "These results sharpen our understanding of the system and strengthen Moosehead's technical foundation. Together with the copper-gold opportunities we are advancing across Crippleback, Moosehead demonstrates the breadth of the discovery potential at Treasure Island." <h2 style="text-align: center;">High-Grade Veins Anchor Moosehead</h2> Moosehead, situated in the northern section of the Treasure Island project, is a high-grade orogenic fault network interpreted as a secondary structural system branching from the regional Valentine Lake fault, the company said. Gold occurs mainly within the parallel Eastern and Western trend fault zones, where drilling has traced high-grade mineralization across roughly 800 meters of strike and to an approximate depth of 200 meters. A third parallel structure, the 552 zone, occurs about 200 meters east of these trends and has also produced several high-grade intersections. <a href="https://www.pirategold.ca/investors#treasure-hunter-series" target="_blank" rel="noopener">The 17th episode of the company's video series "Pirate Gold Treasure Hunters" provides an aerial overview of Moosehead</a>, following its high-grade vein system and examining earlier discoveries and the structural controls that underpin the area's exploration potential. The program highlights more than 135,000 meters of drilling that have helped define Moosehead's mineralized vein network, along with discoveries across the Eastern and Western trends, including a previously reported Eastern trend intersection of 70.3 g/t Au over 9.05 meters from January 31, 2019. The episode also features the Rib vein, which has connected the Eastern and Western trends across more than 200 meters of tested strike and previously returned 65.1 g/t Au over 3.25 m in a discovery hole reported on April 13. It also points to lightly explored fault corridors extending north toward Bow Tie Pond, where earlier drilling encountered visible gold. Moosehead benefits from year-round road access from the Trans-Canada Highway near Grand Falls-Windsor and Bishop's Falls. Multiple mineralized structures remain open, providing Pirate Gold with additional opportunities to expand the known system and identify further gold discoveries, the company said. <h2 style="text-align: center;">'Home-Run Hole' Draws Newsletter Writer's Eye</h2> Bob Moriarty of 321gold.com has tracked Pirate Gold's assays throughout the year. Most recently, he told Streetwise Reports on September 1 that the company continues to advance its 100%-owned Treasure Island gold project in central Newfoundland, lately announcing assays of 30.6 g/t Au over 1.35 meters and 4.25 g/t Au over 6.65 meters. "Located at the northern part of Treasure Island, the Moosehead structure is a high-grade orogenic fault system," Moriarty said. "The gold system is located between two parallel faults, which the company calls the Eastern and Western trends. Gold has been found over an 800-meter strike and as deep as 200 meters." <a href="https://www.streetwisereports.com/article/2026/06/24/pirate-gold-corp-advances-major-copper-gold-discovery.html?utm_medium=feed" target="_blank" rel="noopener">On June 22, he had flagged</a> a second target: "Pirate Gold seems to have discovered a new copper/gold porphyry in central Newfoundland. Recent assays showed 0.54% CuEq over 180.8 meters at their Moby Dick project. Those assays indicate potential for a district-scale copper/gold project." And <a href="https://www.streetwisereports.com/article/2026/04/15/mining-co-uncovers-150m-gold-structure-at-treasure-islands-moosehead-zone.html?utm_medium=feed" target="_blank" rel="noopener">on April 15, Moriarty called</a> the "incredible" 65.1 g/t gold assay — over 211 gram-meters — a "home-run hole." "Those are wonderful numbers. A two-ounce gold is pretty rare, much less over a nice mining width," he wrote, adding, "For some reason, a number of high-quality shares are releasing really great assay results lately. Lucky me, I happen to own some of them." <h2 style="text-align: center;">The Catalyst: Expert Says Gold Dip Could Be Temporary </h2> <a href="https://www.cbsnews.com/news/golds-price-down-by-over-21-percent-where-will-it-head-september-2026/" target="_blank" rel="noopener">According to Angela Leicht of CBS News MoneyWatch on September 1</a>, gold has experienced a turbulent year so far, and further swings could remain ahead. After reaching a record US$5,589.38 per ounce on January 28, the metal lost considerable ground over the following months, despite several brief rebounds. By September 1, gold stood at US$4,369.19 per ounce, approximately 21.8% below its January high, although its path lower has been uneven and included a notable advance during August before another pullback as economic expectations changed. The outlook for September remains difficult to determine because gold now trades well below its peak while the forces influencing its direction remain fluid. Interest-rate expectations will likely play an important role, particularly after Federal Reserve Chair Kevin Warsh indicated late in August that additional policy action could be necessary if inflation does not move firmly toward the Fed's 2% objective, Leicht wrote. Those comments prompted markets to raise their expectations for a September rate increase and contributed to an approximately 3% decline in gold on August 28. Higher interest rates can weigh on gold because the metal does not generate interest income, unlike products such as certificates of deposit and high-yield savings accounts. As yields increase, interest-bearing assets such as bonds can become more appealing to investors, potentially reducing demand for gold and creating additional downward pressure on its price. However, Simon-Peter Massabni, head of business development at XS.com, believes the shift toward a more restrictive interest-rate outlook could represent a temporary correction rather than the end of the larger advance in gold and silver, <a href="https://www.kitco.com/news/article/2026-08-31/gold-silver-price-corrections-may-create-buying-opportunities-despite" target="_blank" rel="noopener">according to a piece by Neils Christensen for Kitco News on August 31</a>. Speaking with Kitco News, Massabni said investors are reassessing U.S. monetary-policy expectations following Warsh's address at the Federal Reserve's annual symposium in Jackson Hole, Wyoming. Warsh reaffirmed his priority of restoring price stability and indicated that the Fed could consider another rate increase if inflation remains above its 2% goal. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job . . . our mandate . . . and our charge to keep," Warsh said in his speech. Massabni said Warsh's comments led traders to assign nearly a 57% probability to a September rate increase. That change has created an immediate challenge for precious metals because higher real yields and a stronger U.S. dollar typically reduce their appeal. Still, he argued that markets should separate the current adjustment in rate expectations from the underlying factors that have supported the precious-metals rally. "What we have seen so far is primarily a repricing of interest-rate expectations rather than a complete reversal of the fundamental forces that have supported gold throughout the broader rally," he said, according to Christensen.[OWNERSHIP_CHART-11576] Massabni acknowledged that elevated interest rates, rising Treasury yields, and a firmer dollar could weigh on gold in the near term, but he said mounting U.S. debt, questions about fiscal sustainability, geopolitical instability, and wider economic risks remain supportive over a longer horizon. He also highlighted a potential policy dilemma for the Federal Reserve, which must balance keeping rates restrictive enough to suppress inflation against the growing fiscal strain created by higher government borrowing costs. "My core view is that Warsh's speech could temporarily stall gold's advance, but it does not necessarily signal the end of the medium-term bullish trend," Massabni said. His outlook calls for continued weakness in the immediate term as traders adjust to the possibility of a September rate hike, with the market potentially experiencing further profit-taking, sideways consolidation, and heightened volatility. <h2 style="text-align: center;">Ownership and Share Information1</h2> Pirate Gold Corp. has a market cap of CA$101.42 million, with 507.08 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.39. Institutions own 1.75% of shares, while strategic investors own 19.51%. Management and insiders own 5.75% of shares, and the remaining 72.99% of shares are held by retail. <h2 style="text-align: center;">Common Investor Questions</h2> What did Pirate Gold announce? In an August 28 release, Pirate Gold Corp. reported new drilling results from the Moosehead zone at its Treasure Island project in central Newfoundland, including 30.6 g/t gold over 1.35 meters and 4.25 g/t gold over 6.65 meters from its established Eastern and Western trends, and the discovery of a new gold-bearing structure, the Caribou fault. What and where is Moosehead? Moosehead is a high-grade orogenic fault network in the northern part of the Treasure Island project, interpreted as a secondary system branching off the regional Valentine Lake fault. The project spans more than 90 kilometers of strike along that fault zone, in what the company calls Canada's newest gold district, with year-round road access from the Trans-Canada Highway near Grand Falls-Windsor. What were the standout results? The highest-grade hits include 30.6 g/t gold over 1.35 meters (with 89.7 g/t over 0.4 m) from the Eastern trend and, from earlier drilling on the Rib vein, 65.1 g/t gold over 3.25 meters (with 309.5 g/t over 0.5 m) — the intercept newsletter writer Bob Moriarty called a "home-run hole." The broader Moosehead fault-and-vein network has now been traced over more than 1,500 meters of strike, with high-grade gold across roughly 800 meters of the Eastern and Western trends to about 200 meters deep. What is the Caribou fault? It's Moosehead's newest discovery, a parallel structure about 150 meters west of the Western trend. Nineteen shallow holes tested it across 400 meters of strike, eight returning significant gold, including 2.88 g/t over 2.45 meters. VP Exploration Greg Matheson said the find confirmed the team's view that "other parallel structures should exist here" and that the fault "can host high-grade gold mineralization." How does Moosehead fit Pirate Gold's bigger picture? Alongside the high-grade gold at Moosehead, Pirate Gold is advancing copper-gold porphyry targets across the wider Crippleback intrusive suite, including its Moby Dick discovery. As CEO Denis Laviolette framed it, the two together "demonstrate the breadth of the discovery potential" at Treasure Island. Why does the gold and copper backdrop matter? Gold has run to a high near US$5,500 an ounce in January before pulling back, and remains up sharply year-over-year, while copper has hit record highs above US$6.70 a pound on supply risks and rising demand from electrification, data centers and defense — a supportive macro setting for a company exploring for both metals. <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=32385"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32385" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Wed, 02 Sep 2026 00:00:00 PST Barrick Expands Nevada Gold Mines Toward 100M Ounces https://www.streetwisereports.com/article/2026/09/01/barrick-expands-nevada-gold-mines-toward-100m-ounces.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/barrick-expands-nevada-gold-mines-toward-100m-ounces.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> Barrick Mining advances its Nevada operations with a major Newmont agreement while US gold output lags China. See the latest production data, permitting push, and analyst targets.China produced 384 tonnes of gold in 2025, roughly 10 percent of global supply, according to <a href="https://www.gold.org/goldhub/data/gold-production-by-country" target="_blank" rel="noopener">World Gold Council</a> data. Over the same 15-year span, <a href="https://elements.visualcapitalist.com/ranked-the-countries-that-dominate-global-gold-production/" target="_blank" rel="noopener">Chinese gold production rose from 351 tonnes in 2010 to 384 tonnes in 2025</a>, while U.S. output fell from 231 tonnes to 157 tonnes. The decline has prompted a fresh US policy focus on domestic mining. Executive Order 14241, issued in March 2025, explicitly lists gold among minerals targeted for faster permitting and increased investment. <h2 style="text-align: center;">Why the Shift Matters for Investors Now</h2> Retail investors tracking supply-chain security see the US effort to reduce foreign mineral dependence as a structural tailwind. Nevada remains the key battleground, accounting for 64 percent of US gold production in 2025. <h2 style="text-align: center;">Barrick Mining Positions as Largest US Producer</h2> Barrick Mining Corp. (ABX:TSX; B:NYSE) owns 61.5 percent of Nevada Gold Mines and operates the joint venture, which spans the Carlin, Cortez, Turquoise Ridge, and Phoenix districts in northern Nevada. <a href="https://www.barrick.com/English/operations/nevada-gold-mines" target="_blank" rel="noopener">Barrick owns 61.5% of Nevada Gold Mines</a> and runs the joint venture that spans the Carlin, Cortez, Turquoise Ridge, and Phoenix districts. <h2 style="text-align: center;">Key Catalyst: August 2026 Agreement Adds Nearly 100 Million Ounces</h2> On August 10, 2026, Barrick and Newmont Corp. (NEM:NYSE; NEM:ASX) reached <a href="https://www.barrick.com/English/news/news-details/2026/barrick-and-newmont-reach-agreement-regarding-nevada-gold-mines-joint-venture" target="_blank" rel="noopener">an agreement</a> to fold additional projects into the joint venture. Barrick contributes to the Fourmile project; Newmont contributes to the Mike and Fiberline projects. Newmont agreed to pay Barrick US$1.95 billion as part of the deal, which is expected to create a nearly 100-million-ounce gold complex in Nevada. <h2 style="text-align: center;">Company Advantage and Current Production Strength</h2> Barrick reported 796,000 ounces of gold production in Q2 2026, an 11 percent increase from the prior quarter. Revenue reached US$5.29 billion, operating cash flow totaled US$1.70 billion, and net earnings rose 50 percent year-over-year to US$1.22 billion. The company also repurchased US$1.2 billion of its shares during the quarter. <h2 style="text-align: center;">Broader Sector Timing and Policy Support</h2> The Trump administration directive directs federal agencies to accelerate permitting on federal lands and coordinate funding for domestic projects. Forbes noted in April 2026 that several advanced-stage assets, including expansions at Castle Mountain in California and Spring Valley in Nevada, could benefit from the new policy environment. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>US gold output has fallen 32 percent since 2010, while China maintains the top global position at 384 tonnes in 2025.</li> <li>Executive Order 14241 targets faster permitting and capital deployment for domestic minerals, including gold.</li> <li>Barrick controls 61.5 percent of Nevada Gold Mines, the largest integrated gold complex in the United States.</li> <li>The August 2026 agreement with Newmont expands the Nevada Gold Mines joint venture into a nearly 100-million-ounce gold complex in Nevada.</li> <li>Q2 2026 results showed gold production rising 11 percent from Q1, while net earnings increased 50 percent year over year, supporting ongoing shareholder returns.</li> <li>Analyst price targets range from US$41 to US$86, reflecting varied views on valuation and growth prospects.</li> </ul> <h2 style="text-align: center;">Analyst Views and Valuation Context</h2> Recent coverage includes a Canaccord Buy rating with a US$52.69 target, an RBC Buy at US$49, and a J.P. Morgan Buy at US$52. Barclays maintains a Hold with a US$42 target, while Bernstein carries a Buy at US$86. [OWNERSHIP_CHART-20] <h2 style="text-align: center;">Ownership and Share Structure1</h2> Barrick Mining Corp. has a market cap of US$73.85 billion and 1.65 billion shares outstanding. Institutions hold 67.20 percent, insiders own 0.37 percent, and retail investors hold the remaining 32.43 percent. <h2 style="text-align: center;">Common Questions from Investors</h2> Q: What is the current scale of Barrick's US gold operations? A: Barrick operates Nevada Gold Mines, which produced the majority of US gold in 2025 and is expanding toward a nearly 100-million-ounce gold complex. Q: How does the recent Newmont agreement affect Barrick shareholders? A: The deal adds substantial resources, resolves joint-venture disputes, and includes a US$1.95 billion payment to Barrick. Q: Why are US policymakers focused on domestic gold production? A: The March 2025 executive order aims to shorten permitting timelines and attract investment to reduce reliance on foreign mineral supply chains. Q: Which Chinese company leads gold output growth? A: Zijin Mining Group Co. Ltd. (601899:SHA) reported 2.89 million ounces of mined gold in 2025, up 23 percent, with further production growth projected through 2028. The contrast between rising Chinese output and declining US production highlights both risk and opportunity. Barrick's dominant Nevada position and the 2026 expansion agreement place the company at the center of efforts to rebuild domestic supply. [SMNLINSERT]Important Disclosures:<ol> <li>Jordan Nova 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=32384"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32384" width="0" height="0"> ( Companies Mentioned: ABX:TSX; B:NYSE, ) Tue, 01 Sep 2026 00:00:00 PST Dryden Gold Hits 9.40 g/t Gold Over 4.60m at 330m Depth https://www.streetwisereports.com/article/2026/09/01/dryden-gold-hits-9-40-g-t-gold-over-4-60m-at-330m-depth.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/dryden-gold-hits-9-40-g-t-gold-over-4-60m-at-330m-depth.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> Dryden Gold reports strong drill intercepts extending high-grade gold zones at Gold Rock to 330 meters depth. See the latest results, expansion details, and 2026 exploration plans for retail investors.<a href="https://www.streetwisereports.com/pub/co/11012?utm_medium=feed" target="_blank" rel="noopener">Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE)</a> delivered <a href="https://drydengold.com/dryden-gold-reports-on-deeper-drilling-at-spyglass-with-9-40-g-t-gold-over-4-60-meters-at-a-true-depth-of-330-meters-provides-marketing-update/" target="_blank" rel="noopener">a standout intercept of 9.40 g/t gold over 4.60 meters, including 78.40 g/t gold over 0.38 meters</a>, from deeper drilling at the Spyglass zone. The result came from hole DGR-073 at a vertical depth of 330 meters and confirmed the company model for extending high-grade mineralization at Gold Rock in Ontario. The new intercept extends the Spyglass zone from roughly 190 meters to 330 meters vertical depth while adding approximately 110 meters by 50 meters to the interpreted mineralized footprint. Dryden Gold stated that the expanded drilling roughly doubled the size of the Spyglass zone. <h2 style="text-align: center;">Why These Deeper Results Matter for Investors Now</h2> Retail investors often focus on near-surface discoveries, yet deeper extensions of known high-grade zones can materially increase resource potential. Visible gold was intersected in all four holes at locations predicted by the geological model, giving added confidence in the interpretation. Additional Spyglass intercepts included DGR-071 returning 4.60 g/t gold over 2.00 meters, DGR-072B returning 5.47 g/t gold over 1.65 meters, and DGR-074 returning 2.54 g/t gold over 4.78 meters. All reported intervals are drilled core lengths with true widths unknown and assays uncut. <h2 style="text-align: center;">Company Advantage: Model Validation and Multiple Structures</h2> Dryden Gold's technical team used structural interpretation to target the down-plunge extensions. The successful hits validate that approach and support continued drilling along the same vectors. The Gold Rock target area now hosts 15 discovered mineralized structures and covers more than one kilometer by 750 meters. Hole DGR-073 also intersected the Buccaneer zone at 370 meters true depth, returning 0.95 g/t gold over 5.55 meters. This extended Buccaneer from approximately 185 meters to 370 meters vertical depth and demonstrated continuity south of the previously modeled high-grade core. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Drill hole DGR-073 returned 9.40 g/t gold over 4.60 meters at 330 meters vertical depth, extending the Spyglass zone.</li> <li>All four holes intersected visible gold in positions predicted by the geological model.</li> <li>Gold Rock now contains 15 mineralized structures across a target area exceeding one kilometer by 750 meters.</li> <li>The 2026 exploration budget totals CA$17.5 million for 45,000 meters of drilling, fully funded.</li> <li>Couloir Capital raised its price target to CA$1.20 per share with a Buy rating.</li> <li>Management will present at the Beaver Creek and Mining Forum Americas in late September 2026.</li> </ul> <h2 style="text-align: center;">Key Assets and 2026 Catalysts</h2> The fully funded 45,000-meter drill program will continue testing down-plunge extensions across the 15 mineralized structures at Gold Rock. Follow-up drilling at Buccaneer will test the model to the north after the southern intercept in DGR-073. Regional work includes the 12-kilometer by 2.5-kilometer gold-in-till anomaly corridor at Hyndman, where all six initial holes intersected gold. The company has staked an additional 12,000 hectares and is advancing permitting for further drilling. The company's<a href="https://drydengold.com/investors/presentations/" target="_blank" rel="noopener"> 2026 presentation also identifies the acceleration of drilling at Gold Rock and the addition of a second drill rig among the company's 2026 activities.</a> Gold Rock footprint expansion carries a CA$10.5 million allocation within the overall CA$17.5 million budget. <h2 style="text-align: center;">Broader Gold Market Timing</h2> <a href="https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market" target="_blank" rel="noopener">According to an August 28 report from Kitco News</a>, gold faced selling pressure after comments from Federal Reserve Chair Kevin Warsh highlighted inflation concerns. Markets priced in a higher probability of a September rate increase. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-august-31-2026-gold-sinks-following-us-strikes-on-iran-123744944.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on August 31 that precious metals had continued to face pressure from developments involving monetary policy and geopolitical tensions</a>. Despite short-term volatility, gold remained up more than 24 percent over the preceding year, according to <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics on September 1</a>. <h2 style="text-align: center;">Analyst Views and Valuation Context</h2> In a June 5 report, Couloir Capital analyst Ron Wortel reiterated a Buy rating on Dryden Gold and raised the price target to CA$1.20 per share. The analyst cited drilling across 15 mineralized structures and the subsequent discoveries at Sparrow and Buccaneer. [OWNERSHIP_CHART-11012] <h2 style="text-align: center;">Share Structure and Near-Term Events1</h2> Dryden Gold has a market cap of CA$66.83 million with 246.22 million shares outstanding. The 52-week range is CA$0.20 to CA$0.48. Institutions hold 12.46 percent, strategic investors hold 10.41 percent, and management and insiders hold 3.04 percent. Dryden Gold also entered a promotional services agreement with Epstein Research for investor awareness services over an initial three-month term at a cash fee of US$7,500. No equity compensation is involved. <h2 style="text-align: center;">Common Questions from Investors</h2> What grade and width were returned from the deepest Spyglass intercept? Hole DGR-073 returned 9.40 g/t gold over 4.60 meters at 330 meters vertical depth, including a high-grade interval of 78.40 g/t gold over 0.38 meters. How many mineralized structures are now known at Gold Rock? Dryden Gold has identified 15 mineralized structures across a target area more than one kilometer by 750 meters. What is the size and focus of the 2026 drill program? The fully funded program totals 45,000 meters and CA$17.5 million, with CA$10.5 million allocated to Gold Rock footprint expansion and down-plunge drilling. Where will management present next? Management is scheduled for Beaver Creek, Colorado, from September 22 to 25, 2026, followed by Mining Forum Americas in Colorado Springs from September 27 to 30. These deeper drill results demonstrate that the geological model at Gold Rock continues to deliver extensions of high-grade gold mineralization. Investors should monitor upcoming assay results and the planned addition of a second drill rig as key milestones through the remainder of 2026. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Dryden Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dryden Gold Corp. </li> <li>Jordan Nova 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=32383"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32383" width="0" height="0"> ( Companies Mentioned: DRY:TSXV; DRYGF:OTCQX; X7W:FSE, ) Tue, 01 Sep 2026 00:00:00 PST White Gold Secures Court Approval for Yukon Critical Minerals Spin-Out https://www.streetwisereports.com/article/2026/09/01/white-gold-secures-court-approval-for-yukon-critical-minerals-spin-out.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/white-gold-secures-court-approval-for-yukon-critical-minerals-spin-out.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> White Gold Corp gains court approval for its W2 Critical Minerals spin-out with financing raised to CA$10 million. The move unlocks dedicated capital for six Yukon properties while PEA optimization lifts IRR to 40.7%.White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has received final court approval for the spin-out of six critical-mineral properties in Yukon into a new entity called W2 Critical Minerals Corp. The Ontario Superior Court of Justice issued its order under a plan of arrangement, <a href="https://whitegoldcorp.ca/news/2026/white-gold-announces-receipt-of-court-approval-for-w2-critical-minerals-spin-out-upsizing-of-financing-to-10m-and-provides-exploration-and-pea-optimization-update" target="_blank" rel="noopener">according to an August 28 release</a>. This step clears a major regulatory hurdle and sets the stage for a dedicated vehicle to advance those assets with separate management and funding. The transaction still needs final sign-off from the TSX Venture Exchange. In parallel, W2 Critical Minerals increased its associated financing from CA$5 million to CA$10 million. The subscription receipts will be priced at CA$0.25 and held in escrow until the spin-out closes. Net proceeds are earmarked for exploration and development work on the critical mineral assets once the deal is complete. <h2 style="text-align: center;">Why the Spin-Out Matters for Shareholders Right Now</h2> Shareholders of White Gold Corp. stand to receive a proportional distribution of W2 shares through a dividend, provided they hold their shares through the yet-to-be-announced record date. The move separates the company's gold-focused assets from its critical-mineral portfolio, allowing each business line to attract the specialized attention and capital it needs. CEO David D'Onofrio noted that the assets have already seen more than a decade of exploration and are now ready for focused advancement. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Court approval received for the W2 Critical Minerals spin-out; TSX Venture Exchange clearance remains the final regulatory step.</li> <li>Financing upsized to CA$10 million at CA$0.25 per subscription receipt to fund exploration on the six Yukon properties.</li> <li>Updated PEA shows after-tax IRR rising to 40.7% and payback shortening to 1.5 years at US$3,600 gold; NPV at CA$1.86 billion.</li> <li>16,500-meter drill program underway across the 300,000-hectare land package, with 11,500 meters already completed.</li> <li>Clarus Securities maintains a Speculative Buy rating and a CA$6 target price, citing valuation at 0.2x P/NAV versus the peer average of 0.6x.</li> <li>Shareholders must hold through the record date to receive the W2 dividend distribution.</li> </ul> <h2 style="text-align: center;">Exploration Momentum and Project Scale</h2> White Gold Corp. is executing its largest-ever diamond-drilling campaign across roughly 300,000 hectares that represent more than 40% of the emerging White Gold District. The program has completed 11,500 meters to date, targeting Golden Saddle, VG, and Ryan's Surprise. Additional drilling will test the VG East extension and Golden Saddle 2.0 in the coming weeks. The company plans another 5,000 meters at the White Gold and QV properties before year-end. Regional work is also advancing at Pilot, Bridget, Chris Creek, Betty, and Vertigo. <h2 style="text-align: center;">Optimized PEA Economics</h2> Following the maiden PEA released on August 10, White Gold refined key assumptions around revenue timing, capital costs, operating expenses, and tax pools. The result lifted the after-tax internal rate of return to 40.7% from 38% and reduced payback to 1.5 years from 1.7 years at consensus gold prices of US$3,600 per ounce. After-tax NPV at a 5% discount rate is now approximately CA$1.86 billion. At US$4,500 per ounce gold, the model shows CA$2.91 billion NPV, 55.8% IRR, and 1.2-year payback. The company expects to file the supporting NI 43-101 technical report by September 24. <h2 style="text-align: center;">Perspective and Valuation Context</h2> Clarus Securities analyst Varun Arora highlighted the project's district-scale land position, proximity to the Coffee and Casino developments, and infrastructure advantages, including the Northern Access Route and Thistle Creek camp. The note points to ongoing step-out drilling that could add strike length at Ryan's Surprise and depth extensions at Golden Saddle. Arora maintained a Speculative Buy rating with a CA$6 target based on 0.60x NAV plus an in-situ valuation of CA$175 per ounce on roughly 3.9 million ounces. At the time of the report, White Gold traded at approximately 0.2x P/NAV and CA$132 per ounce versus peer averages of 0.6x and CA$216 per ounce. <h2 style="text-align: center;">Broader Gold Market Timing</h2> Gold prices pulled back sharply in early September amid shifting rate expectations and geopolitical tensions, <a href="https://www.investing.com/news/commodities-news/gold-steadies-after-twoday-drop-as-iran-strikes-revive-inflation-risks-4883434" target="_blank" rel="noopener">reported Jaiveer Shekhawat for Investing.com on September 1</a>. Spot gold fell about 2% to near US$4,360 while futures declined roughly 1.6%. Despite the near-term pressure, analysts note that underlying drivers such as U.S. debt levels and fiscal sustainability concerns remain supportive over the medium term, <a href="https://www.kitco.com/news/article/2026-08-31/gold-silver-price-corrections-may-create-buying-opportunities-despite" target="_blank" rel="noopener">according to a piece by Neils Christensen for Kitco News on August 31</a>. [OWNERSHIP_CHART-9581] <h2 style="text-align: center;">Share Structure and Near-Term Catalysts1</h2> White Gold Corp. has a market capitalization of CA$530.76 million based on 222.96 million shares outstanding. The 52-week trading range is CA$0.60 to CA$2.50. Institutional ownership stands at 6.04%, strategic investors hold 18.78%, and management and insiders own 17.45%. Upcoming milestones include TSX Venture Exchange approval of the spin-out, announcement of the record and payment dates for the W2 dividend, release of the NI 43-101 report by September 24, and ongoing drill results from the 2026 program. <h2 style="text-align: center;">Common Questions from Investors</h2> What regulatory steps remain before the spin-out closes? Final approval from the TSX Venture Exchange is still required, and completion of the CA$10 million financing is a closing condition. How will existing shareholders receive W2 shares? Shareholders who hold White Gold shares through the record date will receive a proportional dividend distribution of W2 shares once all conditions are met. What changed in the updated PEA? Revised timing, cost, and tax assumptions lifted IRR to 40.7% and shortened payback to 1.5 years at US$3,600 gold; the underlying resource and mine plan stayed the same. How large is the current drill program? The fully financed 2026 campaign totals 16,500 meters of diamond drilling across multiple targets, with 11,500 meters already completed. What valuation does the analyst note imply? Clarus Securities sees the stock trading at a discount to peers and maintains a CA$6 target based on 0.60x NAV plus in-situ value on the resource. White Gold Corp. is entering a period of multiple catalysts that could clarify the value of both its gold assets and the newly separated critical-mineral portfolio for retail investors seeking exposure to Yukon exploration. <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>Jordan Nova 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=32382"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32382" width="0" height="0"> ( Companies Mentioned: WGO:TSX.V; WHGOF:OTCQX; 29W:FRA, ) Tue, 01 Sep 2026 00:00:00 PST Gold Explorer With High-Grade Yukon Project Spins Out Critical Minerals https://www.streetwisereports.com/article/2026/09/01/gold-explorer-with-high-grade-yukon-project-spins-out-critical-minerals.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/gold-explorer-with-high-grade-yukon-project-spins-out-critical-minerals.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) announces a final court order approving the proposed spin-out of certain Yukon critical-mineral properties into W2 Critical Minerals Corp.White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) announced that the Ontario Superior Court of Justice has issued its final order approving the proposed spin-out of certain Yukon critical-mineral properties into W2 Critical Minerals Corp. through a plan of arrangement under the Business Corporations Act (Ontario), <a href="https://whitegoldcorp.ca/news/2026/white-gold-announces-receipt-of-court-approval-for-w2-critical-minerals-spin-out-upsizing-of-financing-to-10m-and-provides-exploration-and-pea-optimization-update" target="_blank" rel="noopener">according to an August 28 release</a>. The transaction still requires final regulatory clearances, including approval from the TSX Venture Exchange. Alongside the transaction, W2 has increased the size of its previously disclosed financing to CA$10 million, the release said. "We are pleased to announce the significant progress on the spin-out of White Gold's most prospective critical mineral assets," Chief Executive Officer David D'Onofrio said. "These assets have benefited from over a decade of ground-up exploration, and now warrant the dedicated team, strategy, and capital that W2 will bring to advance them further. We are also pleased with [the] progress of our exploration program to date, which includes our largest ever diamond drilling program on our flagship project designed to build upon the recently announced strong PEA results and demonstrate the potential to meaningfully further increase our gold resources and continue to make new discoveries, and eager[ly] await assays." To qualify for their proportional allocation of the spin-out being distributed through the Dividend, shareholders must continue holding their WGO Shares through the spin-out's record date. The company said it will announce the record and payment dates through a news release once all closing conditions have been fulfilled, which it expects to occur shortly. W2 has also raised the size of its previously announced non-brokered private placement of subscription receipts from CA$5 million to CA$10 million in connection with the spin-out. The subscription receipts will be issued at CA$0.25 each, with the proceeds placed in escrow with a trust company and released to W2 once the spin-out closes. Completing the financing remains a condition of the transaction, and W2 plans to direct the net proceeds toward exploration and further development of the Critical Mineral Assets, White Gold said in the release. <h2 style="text-align: center;">Exploration Advances Across White Gold District</h2> White Gold Corp. continues to execute its fully financed 2026 exploration campaign across its approximately 300,000-hectare land package in Yukon, which represents more than 40% of the emerging White Gold District. The company has completed 11,500 meters of diamond drilling so far, with work focused on the Golden Saddle, VG, and Ryan's Surprise areas, all of which remain open in several directions and offer room for further expansion. Drilling has now shifted to the VG East extension, a 500-by-200-meter gold-in-soil anomaly located about 1.3 kilometers east-northeast of the VG deposit. The target lies along the southern side of the same structure associated with mineralization at VG, with further information expected in a separate release. White Gold also expects to start drilling Golden Saddle 2.0 within the next few weeks. Located roughly 2.5 kilometers east-southeast of the Golden Saddle deposits, the high-priority near-resource target displays geological and geophysical characteristics comparable to Golden Saddle, including a favorable fault intersection for orogenic gold mineralization and a strong east-west gold-in-soil anomaly. The company said it plans to complete another 5,000 meters of diamond drilling at targets across the White Gold and QV properties during 2026. It has also finished a LiDAR survey covering the Bridget target and the broader Bridget property, one of six properties included in the planned Spin-Out. Regional exploration has begun at several discovery-stage targets, including Pilot, Bridget, the Chris Creek trend, the Betty property, and Vertigo, while White Gold expects to report additional exploration results from its broader gold and critical-mineral portfolio in due course. <h2 style="text-align: center;">Updated Economics Strengthen White Gold Project</h2> White Gold said it has also refined the preliminary economic assessment (PEA) for its White Gold Project following the positive maiden PEA announced on August 10. The optimization work increased the projected after-tax internal rate of return to 40.7% from 38% and shortened the estimated payback period to 1.5 years from 1.7 years, while the after-tax NPV at a 5% discount rate declined modestly to approximately CA$1.86 billion from CA$1.91 billion using analyst-consensus gold prices of US$3,600 per ounce. At a gold price of US$4,500 per ounce, the revised model produces an estimated after-tax NPV of approximately CA$2.91 billion, alongside a 55.8% IRR and a 1.2-year payback period. White Gold attributed the changes to revised revenue and expenditure timing, updated capital, operating, and sustaining-cost assumptions, adjustments to the treatment of certain infrastructure components, and a more detailed assessment of applicable tax pools. The company said the revisions did not result from changes to the underlying mineral resource, mine plan, or commodity-price assumptions. White Gold said it expects to file a supporting NI 43-101 technical report on SEDAR+ by September 24 or earlier. The report will provide additional information regarding the qualifications, assumptions, exclusions, and risks associated with the updated economic metrics and mineral-resource estimate, and the company expects to continue refining its estimates as the report is finalized. <h2 style="text-align: center;">'An Early and Special Gift for Christmas'</h2> According to Bob Moriarty of 321gold.com, White Gold is "handing their existing shareholders an early and special gift for Christmas." "The company is spinning out their most important critical metals projects in the Yukon to shareholders," Moriarty told Streetwise Reports. "They await final approval from the TSX but have announced upgrading the required financing to CA$10 million. Meanwhile, White Gold is in the midst of a 16,500-meter fully funded drill program at their core gold projects in the White Gold District of the Yukon." <h2 style="text-align: center;">White Gold Project Offers Scale, Infrastructure Access, and Exploration Upside</h2> A recent site visit to White Gold Corp.'s White Gold Project in Yukon highlighted the size of the company's land position, its location within the active White Gold District, the number of exploration targets across the property package, and the strengthened technical team, according to an updated note by Clarus Securities Inc. Analyst Varun Arora on August 18. The project also benefits from its proximity to major developments such as the Coffee Project, which hosts 3.0 million ounces of Measured and Indicated gold resources and an additional 0.8 million ounces of Inferred resources, and the Casino Project. Construction is progressing on the Northern Access Route connecting Dawson with the Coffee Project, with Talamore estimating approximately CA$77 million in spending on supplies, materials, equipment, and services during construction. The Thistle Creek camp provides an airstrip and access to the Yukon River for barge delivery of heavy equipment, while the broader district remains the focus of a government infrastructure program of up to CA$468 million. At the resource level, White Gold is continuing step-out drilling at Ryan's Surprise, where nine holes have tested extensions to the east and west that could add as much as 300 meters of strike length, Arora wrote. At Golden Saddle, five holes are testing the down-dip continuation of the high-grade core, potentially extending mineralization by up to 100 meters, while drilling will also examine the gap toward Golden Saddle West. Previous drilling has demonstrated that the system remains strongly mineralized at depth, including an intercept of 3.23 grams per tonne (g/t) gold over 56.1 meters from approximately 350 meters below surface, supporting the possibility of an underground mining component that could further enhance the economics outlined in the 2026 PEA. The company is also testing extensions of the VG deposit on both sides of the Telegraph fault and plans to examine the down-dip continuation at Arc. The report characterizes White Gold as combining a high-grade resource, established project economics, extensive district-scale exploration potential, and possible strategic value in a Yukon mining sector that is attracting increasing attention. With a fully financed 2026 exploration program, the completed PEA, and the company's largest-ever drilling campaign underway, the project is entering an important period of potential catalysts. The report estimates that the resource could approach approximately 5 million ounces over the next 18 to 24 months and sees further regional exploration as a potential avenue for substantially expanding the project's long-term development profile. At the time of the report, White Gold was trading at approximately 0.2x P/NAV and CA$132 per ounce, compared with peer averages of 0.6x and CA$216 per ounce. The report, therefore, argued that the market valuation did not fully reflect the project's modeled value or exploration potential and could provide exposure to exploration results, stronger gold prices, and potential consolidation in Yukon, Arora wrote. He maintained a Speculative Buy rating with a CA$6-per-share target based on a 0.60x NAV valuation, partially funded, combined with an in-situ valuation of approximately CA$175 per ounce applied to roughly 3.9 Moz. <h2 style="text-align: center;">The Catalyst: Is Gold's Drop Temporary?</h2> Gold prices retreated sharply on Tuesday as renewed tensions in the Middle East lifted crude prices and accelerated a worldwide selloff in government bonds, while traders increased expectations that the Federal Reserve could raise interest rates at its September meeting, <a href="https://www.investing.com/news/commodities-news/gold-steadies-after-twoday-drop-as-iran-strikes-revive-inflation-risks-4883434" target="_blank" rel="noopener">reported Jaiveer Shekhawat for Investing.com on September 1</a>. At 10:26 ET (14:26 GMT), spot gold was down about 2% at approximately US$4,360 an ounce, while futures declined roughly 1.6% to around US$4,409. Silver dropped 2.6% to US$64.85 an ounce, platinum fell 1.9% to US$1,762.70, and the U.S. Dollar Index gained 0.2% to 99.55. U.S. job openings rose to 7.27 million in July from a revised 7.18 million in June, according to the Labor Department's JOLTS report, although the figure remained below the 7.33 million economists had anticipated. The data pointed to continued resilience in employment conditions but failed to provide a significant upside surprise. Gold has now surrendered roughly US$320 from last week's peak near US$4,697 an ounce, with the latest decline occurring as crude prices and sovereign bond yields climbed substantially. The selling pressure intensified after gold dropped more than 3% Friday, following Federal Reserve Chair Kevin Warsh's indication that he remains committed to returning inflation to the central bank's 2% objective. Investors have since increased their expectations for another rate increase, with CME FedWatch indicating roughly a 66% probability of a 25-basis-point hike at the September meeting, compared with about 40% before Warsh delivered his Jackson Hole speech. Tony Sycamore, senior market analyst at IG, attributed gold's roughly US$300 retreat from last week's high to the combination of Warsh's hawkish Jackson Hole remarks and renewed tensions surrounding the Strait of Hormuz, according to the article. He said rising oil prices and bond yields have increased gold's vulnerability heading into the Fed's next policy meeting and estimated that markets are currently pricing in approximately 60 basis points of rate increases through June 2027. Despite the latest decline, gold remains significantly higher for August, with the metal coming off a monthly gain of nearly 10% following an unexpected increase in U.S. Treasury purchases of longer-dated government bonds, Shekhawat wrote. The intervention lowered borrowing costs and weakened the dollar while renewing concerns over the size of U.S. government debt and the potential for currency depreciation. Those concerns have revived the debasement trade, which helped propel gold approximately 65% higher in 2025 as investors sought protection against expanding government deficits and weakening currencies. However, Simon-Peter Massabni, head of business development at XS.com, believes the shift toward a more restrictive interest-rate outlook could represent a temporary correction rather than the end of the larger advance in gold and silver, <a href="https://www.kitco.com/news/article/2026-08-31/gold-silver-price-corrections-may-create-buying-opportunities-despite" target="_blank" rel="noopener">according to a piece by Neils Christensen for Kitco News on August 31</a>. Speaking with Kitco News, Massabni said investors are reassessing U.S. monetary-policy expectations following Warsh's address at the Federal Reserve's annual symposium in Jackson Hole, Wyoming. Warsh reaffirmed his priority of restoring price stability and indicated that the Fed could consider another rate increase if inflation remains above its 2% goal. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job . . . our mandate . . . and our charge to keep," Warsh said in his speech. Massabni said Warsh's comments led traders to assign nearly a 57% probability to a September rate increase. That change has created an immediate challenge for precious metals because higher real yields and a stronger U.S. dollar typically reduce their appeal. Still, he argued that markets should separate the current adjustment in rate expectations from the underlying factors that have supported the precious-metals rally. "What we have seen so far is primarily a repricing of interest-rate expectations rather than a complete reversal of the fundamental forces that have supported gold throughout the broader rally," he said, according to Christensen. [OWNERSHIP_CHART-9581] Massabni acknowledged that elevated interest rates, rising Treasury yields, and a firmer dollar could weigh on gold in the near term, but he said mounting U.S. debt, questions about fiscal sustainability, geopolitical instability, and wider economic risks remain supportive over a longer horizon. He also highlighted a potential policy dilemma for the Federal Reserve, which must balance keeping rates restrictive enough to suppress inflation against the growing fiscal strain created by higher government borrowing costs. "My core view is that Warsh's speech could temporarily stall gold's advance, but it does not necessarily signal the end of the medium-term bullish trend," Massabni said. His outlook calls for continued weakness in the immediate term as traders adjust to the possibility of a September rate hike, with the market potentially experiencing further profit-taking, sideways consolidation, and heightened volatility. <h2 style="text-align: center;">Ownership and Share Information1</h2> White Gold Corp. has a market cap of CA$530.76 million, with 222.96 million shares outstanding. The company's 52-week range is CA$0.60-CA$2.50. Institutions own 6.04% of shares, while strategic investors own 18.78%, and management and insiders own 17.45%. <h2 style="text-align: center;">Common Investor Questions</h2> What did White Gold announce? The Ontario Superior Court of Justice issued its final order approving the spin-out of certain Yukon critical-mineral properties into a new company, W2 Critical Minerals Corp., White Gold Corp. said in an August 28 release. The deal still needs final regulatory clearances, including TSX Venture Exchange approval, and W2 has upsized its associated financing to CA$10 million. What is being spun out, and what do shareholders get? White Gold's most prospective critical-mineral assets — six Yukon properties — move into W2, which will get a dedicated team and capital to advance them. Existing WGO shareholders receive a proportional allocation of the spin-out through a dividend, provided they hold their shares through the record date, which the company will set once closing conditions are met. As CEO David D'Onofrio put it, the assets "now warrant the dedicated team, strategy and capital that W2 will bring." What do the updated project economics show? White Gold optimized the maiden PEA (announced August 10) on its White Gold Project. At an analyst-consensus gold price of US$3,600 an ounce, the after-tax IRR rose to 40.7% from 38% and payback shortened to 1.5 years, while the after-tax NPV (5% discount) eased slightly to about CA$1.86 billion. At US$4,500 gold, the model shows roughly CA$2.91 billion NPV, a 55.8% IRR, and a 1.2-year payback. The company said the changes came from revised cost and timing assumptions, not from any change to the resource or mine plan, and it expects to file the supporting NI 43-101 report by September 24. How big is the exploration program? White Gold is running its largest-ever, fully financed 2026 campaign across a roughly 300,000-hectare land package — more than 40% of the White Gold District. It has completed 11,500 meters of a 16,500-meter diamond-drilling program, focused on Golden Saddle, VG, and Ryan's Surprise, with new targets including VG East and Golden Saddle 2.0. Clarus Securities estimates the resource could approach about 5 million ounces over the next 18 to 24 months. What does the analyst coverage say? Clarus Securities' Varun Arora maintained a Speculative Buy with a CA$6-per-share target in an August 18 note, arguing the market undervalues the project: White Gold traded at about 0.2x P/NAV and CA$132 per ounce against peer averages of 0.6x and CA$216. The note cites the project's scale, high-grade resource, infrastructure access near the Coffee and Casino projects, and district-scale exploration upside. <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=32381"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32381" width="0" height="0"> ( Companies Mentioned: WGO:TSX.V; WHGOF:OTCQX; 29W:FRA, ) Tue, 01 Sep 2026 00:00:00 PST US Gold Mining Targets Growth as China Leads Production https://www.streetwisereports.com/article/2026/09/01/us-gold-mining-targets-growth-as-china-leads-production.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/us-gold-mining-targets-growth-as-china-leads-production.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> China is the world's largest gold producer, while U.S. output has declined since 2010. New policies and Barrick Mining Corp.'s (ABX:TSX; B:NYSE) Nevada assets could boost domestic supply.<h2 style="text-align: center;">Key Takeaways</h2> <ul> <li>China remains the world's largest gold producer, producing approximately 384 tonnes in 2025, or about 10% of global gold production.</li> <li>Gold production has declined about 32% since 2010, falling from 231 tonnes to approximately 157 tonnes in 2025.</li> <li>The U.S. government is seeking to rebuild domestic mineral production, including gold, through faster permitting and increased investment in domestic mining.</li> <li>Barrick Mining is the largest U.S. gold producer, with a 61.5% stake in Nevada Gold Mines, one of the world's largest integrated gold-producing complexes.</li> <li>Barrick and Newmont are expanding Nevada Gold Mines, with an August 2026 agreement that could create a nearly 100-million-ounce gold complex in Nevada.</li> </ul> <h2 style="text-align: center;">China Leads Global Gold Production as U.S. Moves to Rebuild Domestic Supply</h2> China is the world's largest gold producer, while U.S. mine production has declined significantly since 2010, according to data compiled by the <a href="https://www.gold.org/goldhub/data/gold-production-by-country" target="_blank" rel="noopener">World Gold Council</a>. The council stated that China's production accounts for approximately 10% of global gold production in 2025. Further, according to data from the past 15 years, China has held the top position, with production increasing from <a href="https://elements.visualcapitalist.com/ranked-the-countries-that-dominate-global-gold-production/" target="_blank" rel="noopener">351 tonnes in 2010 to 384 tonnes in 2025</a>. The same data showed that the U.S. moved in the opposite direction. American gold production fell from 231 tonnes in 2010 to 157 tonnes in 2025, a decline of about 32%. Investors can point to the August 22, 2026, <a href="https://elements.visualcapitalist.com/ranked-the-countries-that-dominate-global-gold-production/" target="_blank" rel="noopener">Elements chart </a>ranking the countries that dominate global gold production to provide a comparison of production across major gold-producing nations. According to the <a href="https://elements.visualcapitalist.com/ranked-the-countries-that-dominate-global-gold-production/" target="_blank" rel="noopener">Elements article by Bruno Vendetti</a>, Russia, Canada, and Ghana have all increased their positions since 2010, while South Africa has experienced a sharp decline in production. China's annual output, however, increased over the period. This trend reflects a broader change in the geographic distribution of gold production. Vendetti wrote that BRICS and aligned nations increased their combined share of global gold production from 38% in 2010 to 50% in 2025. <h2 style="text-align: center;">Zijin Mining Group Leads China</h2> One of China's leading gold producers is Zijin Mining Group Co. Ltd. (601899:SHA), a major Chinese mining company with operations spanning gold, copper, and other precious metals. <a href="https://www.zijinmining.com/news/news-detail-122647" target="_blank" rel="noopener">Zijin reported</a> 2.89 million ounces of mined gold production in 2025, up 23% from the previous year. The company also reported 148 million ounces of gold resources. Zijin Gold International Co. Ltd., a subsidiary of Zijin Mining Group, expects mined gold production of approximately 59.2 tonnes in 2026 and between 70 and 75 tonnes in 2028. <h2 style="text-align: center;">US Seeks to Rebuild Domestic Gold Production</h2> While China's gold production has increased since 2010, U.S. production has moved lower, leading the American government to place greater emphasis on domestic supply chains. In March 2025, President Donald Trump issued Executive Order 14241, "<a href="https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/" target="_blank" rel="noopener">Immediate Measures to Increase American Mineral Production</a>". The order specifically included gold in its definition of minerals and called for steps to accelerate domestic mineral production. A report from <a href="https://www.jdsupra.com/legalnews/president-trump-issues-executive-order-6935500/" target="_blank" rel="noopener">Latham & Watkins</a> said the order was intended to coordinate government efforts to fast-track permitting and accelerate funding for critical mineral production. The order directed federal agencies to identify mineral production projects that could be expedited for permitting, instructing the Department of the Interior to prioritize mineral production on certain federal lands. The Trump administration also attempted to facilitate private and public capital investment in domestic mineral production, citing national and economic security concerns associated with dependence on foreign mineral supplies. These decisions have created a boom in domestic mining efforts. <a href="https://www.forbes.com/sites/noelfletcher/2026/04/21/us-gold-mining-increases-amid-demand-for-critical-minerals/" target="_blank" rel="noopener">Forbes reported in April 2026</a> that U.S. gold mine production reached approximately 160 tonnes in 2025, valued at about US$17 billion. Production came from 40 lode mines across 12 states, with Nevada accounting for 64% of domestic output and Alaska contributing another 22%. Among the projects highlighted by Forbes are the proposed expansion of the Castle Mountain gold mine in California, the Spring Valley gold mine in Nevada, and the Grassy Mountain gold and silver project in Oregon. Together, these developments could help create a renewed U.S. focus on domestic mineral production as the government hopes to reduce reliance on foreign supply chains. <h2 style="text-align: center;">Barrick Mining is the Largest US Gold Producer</h2> Barrick Mining Corp. (ABX:TSX; B:NYSE) has already positioned itself as "the largest gold producer in the U.S.", according to <a href="https://www.barrick.com/English/investors/default.aspx" target="_blank" rel="noopener">the company's website</a>. Barrick's portfolio is closely tied to Nevada Gold Mines, the joint venture between Barrick and Newmont Corp. (NEM:NYSE; NEM:ASX) that operates one of the world's largest integrated gold-producing complexes. <a href="https://www.barrick.com/English/operations/nevada-gold-mines" target="_blank" rel="noopener">Barrick owns 61.5% of Nevada Gold Mines</a> and operates the joint venture, while Newmont owns the remaining 38.5%. The complex includes operations across Nevada's Carlin, Cortez, Turquoise Ridge, and Phoenix districts. Barrick's U.S. gold position is also expanding. On August 10, 2026, Barrick and Newmont reached <a href="https://www.barrick.com/English/news/news-details/2026/barrick-and-newmont-reach-agreement-regarding-nevada-gold-mines-joint-venture" target="_blank" rel="noopener">an agreement</a> to contribute previously excluded properties to Nevada Gold Mines. Barrick is contributing its Fourmile project, while Newmont is contributing its Mike and Fiberline projects. Newmont agreed to pay Barrick US$1.95 billion as part of the transaction. The agreement is expected to create a nearly 100-million-ounce gold complex in Nevada and resolve disagreements between the two companies over the joint venture. Barrick's latest financial results also reflect the strength of today's gold market. Barrick reported <a href="https://www.barrick.com/English/news/news-details/2026/q2-2026-results/default.aspx" target="_blank" rel="noopener">gold production</a> of 796,000 ounces in Q2 2026, up 11% from the first quarter. Revenue reached US$5.29 billion, while operating cash flow was US$1.70 billion. Net earnings totaled US$1.22 billion, up 50% from Q2 2025. Barrick also declared a quarterly dividend of US$0.175 per share and repurchased US$1.2 billion of its shares during the quarter. <h2 style="text-align: center;">Analysts Vary on Barrick Ratings</h2> Recent analyst coverage of the company includes: <ul> <li>On August 25, 2026, Canaccord reiterated a "Buy" rating and raised the price target from US$49.08 to US$52.69.</li> <li>On August 17, 2026, Josh Wolfson of RBC Capital reiterated a "Buy" rating and price target of US$49.</li> <li>On August 14, 2026, Bennett Moore of J.P. Morgan issued a "Buy" rating and price target of US$52.</li> <li>On August 13, 2026, Richard Gatchitorena of Barclays reiterated a "Hold" rating and raised the price target from US$39 to US$42.</li> <li>On August 12, 2026, Tanya Jakusconek of Scotiabank reiterated a "Buy" rating but lowered the price target from US$57 to US$55. </li> <li>On August 11, 2026, Matt Murphy of BMO Capital reiterated a "Hold" rating and price target of US$44.75.</li> <li>On August 11, 2026, Richard Gray of ATB Cormark Capital reiterated a "Hold" rating but lowered the price target from US$43.30 to US$41.14.</li> <li>On August 11, 2026, Steven Green of TD Cowen reiterated a "Buy" rating but lowered the price target from US$61 to US$59.</li> <li>On July 26, 2026, Alexander Hacking of Citi reiterated a "Hold" rating and lowered the price target from US$48 to US$41. </li> <li>On July 15, 2026, Bob Brackett of Bernstein reiterated a "Buy" rating and price target of US$86.</li> </ul> <h2 style="text-align: center;">A Changing Landscape</h2> The contrast between China and the U.S. illustrates how the global gold-mining industry has changed since 2010. China has retained its position as the world's largest producer, while the U.S. has seen production decline substantially from its 2010 level. Now, however, the U.S. government is attempting to reverse that trend by accelerating permitting, encouraging investment, and expanding domestic mineral production. Barrick sits at the center of that effort through its Nevada operations. With Nevada Gold Mines already one of the world's largest gold-producing complexes and the company's North American portfolio continuing to expand, Barrick could play a significant role as the U.S. seeks to strengthen domestic gold production. <h2 style="text-align: center;">Ownership & Share Structure1</h2> Barrick Mining Corp. has a market cap of US$73.85 billion, with 1.65 billion shares outstanding. The company's 52-week range is US$26.55-US$54.69. Institutions own 67.20% of shares, while Management & Insiders own 0.37%. The remaining 32.43% of shares are Retail. [OWNERSHIP_CHART-20] <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: Which country is the world's largest gold producer? A: China is the world's largest gold producer. In 2025, China produced about 384 tonnes of gold, accounting for approximately 10% of global production. Q: How much gold does the U.S. produce each year? A: The U.S. produced approximately 157 to 160 tonnes of gold in 2025, depending on the source and reporting methodology. This was significantly below the 231 tonnes produced by U.S. mines in 2010. Q: Why has U.S. gold production declined since 2010? A: U.S. gold production has declined as some existing mines have matured or closed, and fewer new large-scale projects have entered production. The decline has increased attention on permitting, investment, and development of new domestic mines. Q: How much has U.S. gold production fallen since 2010? A: U.S. gold production fell from 231 tonnes in 2010 to about 157 tonnes in 2025, representing a decline of approximately 32%. Q: How much gold does China produce? A: China produced approximately 384 tonnes of gold in 2025, up from 351 tonnes in 2010. Its production has helped China maintain its position as the world's leading gold-producing country. Q: What percentage of the world's gold does China produce? A: China accounted for approximately 10% of global gold mine production in 2025, according to World Gold Council data. Q: Which countries are major gold producers besides China and the U.S.? A: Russia, Canada, Ghana, Australia, and South Africa are among the world's major gold-producing countries. Production levels have shifted significantly among these countries over the past 15 years. Q: What is Zijin Mining Group? A: Zijin Mining Group is a major Chinese mining company producing gold, copper, and other metals. The company reported 2.89 million ounces of mined gold production in 2025 and has projected further growth in gold production. Q: What is Nevada Gold Mines? A: Nevada Gold Mines is a major gold-mining joint venture between Barrick Mining and Newmont. Barrick owns 61.5% and operates the joint venture, while Newmont owns the remaining 38.5%. Q: Who is the largest gold producer in the U.S.? A: Barrick Mining identifies itself as the largest gold producer in the U.S. Its position is closely tied to Nevada Gold Mines, which operates major gold-producing districts including Carlin, Cortez, Turquoise Ridge, and Phoenix in Nevada. Q: Why is Nevada important to U.S. gold production? A: Nevada is the leading gold-producing state in the U.S. Forbes reported that Nevada accounted for approximately 64% of U.S. gold production in 2025, making the state central to efforts to maintain and expand domestic gold supply. Q: Is the U.S. trying to increase domestic gold production? A: Yes. The U.S. government has taken steps to encourage domestic mineral production, including Executive Order 14241, issued in March 2025. The order included gold in its definition of minerals and called for measures to accelerate domestic mineral development and permitting. Q: Why is domestic gold production important to the U.S.? A: Domestic gold production can reduce reliance on foreign mineral supply chains and support economic and national security objectives. The U.S. government has increasingly emphasized domestic production of minerals considered strategically important. Q: What is the outlook for U.S. gold mining? A: The outlook for U.S. gold mining could improve if government efforts to accelerate permitting and investment lead to the development or expansion of new projects. Existing producers such as Barrick could also benefit from expanding their domestic operations. <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=32380"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32380" width="0" height="0"> ( Companies Mentioned: ABX:TSX; B:NYSE, ) Tue, 01 Sep 2026 00:00:00 PST McEwen Inc. Delivers $9.6M Q2 Net Income, Closes $240M Los Azules Loan https://www.streetwisereports.com/article/2026/09/01/mcewen-inc-delivers-9-6m-q2-net-income-closes-240m-los-azules-loan.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/mcewen-inc-delivers-9-6m-q2-net-income-closes-240m-los-azules-loan.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> McEwen Inc. reports strong Q2 earnings and secures $240M financing for its Los Azules copper project. Learn key catalysts, production targets, and analyst views for retail investors.McEwen Inc. (MUX:TSX; MUX:NYSE ) reported <a href="https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2026/McEwen-Q2-Results-Net-Income-of-9-6M-0-16-per-Share-Compared-with-3-0M-0-06-per-Share-in-Q2-2025-Exploration-Results-Driving-Resource-Growth-Across-All-Sites-New-Stock-Mine-in-Timmins-Nearing-Production-with-Mine-Life-Extended/default.aspx" target="_blank" rel="noopener">second-quarter net income of US$9.6 million, or US$0.16 per share, compared with US$3.0 million, or US$0.06 per share, in Q2 2025.</a> These results arrive as gold remains near US$4,400 an ounce, following a sharp August rally. Retail investors are watching how producers convert higher prices into cash flow and how development projects advance toward production. <h2 style="text-align: center;">Why the Results Matter for Investors Today</h2> Rob McEwen has long emphasized monetary expansion, government debt, and currency debasement as reasons to hold gold. <a href="https://www.youtube.com/watch?v=3A1iOXLNtwI" target="_blank" rel="noopener">Speaking during an interview on Mining.com's "Top of Mind,"</a> he noted that gold production grows only about 1 percent annually while inflation runs faster. He also highlighted central banks replacing Treasuries with gold, calling the current period an opportunity to build positions. McEwen Inc. is positioned to benefit through its operating mines and development pipeline. Cash and equivalents reached US$78.9 million at June 30, up from US$51.0 million at year-end 2025. The company raised its full-year exploration budget to US$25.7 million and updated 2026 production guidance to 109,000 to 120,000 gold equivalent ounces. <h2 style="text-align: center;">Company Advantages and Project Pipeline</h2> At the Fox Complex in Ontario, production guidance was lifted to 20,000 to 23,000 GEOs. The Stock Mine is on schedule for first mining in Q4 2026 and commercial production in 2027, with potential mine life extended to 8.5 years. <a href="https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2026/Pre-Feasibility-Study-for-Grey-Fox-at-Fox-Complex--High-Returns-Manageable-Capital-Mine-Life-Extended-to-2041/default.aspx" target="_blank" rel="noopener">McEwen released a new Mineral Reserve Estimate for Grey Fox containing 980,300 ounces of gold in Probable Reserves </a> Exploration at Tartan in Manitoba returned high-grade intercepts, including 29.1 g/t gold over 10.0 meters. These near-mine discoveries could support organic growth while potentially limiting the need for additional equity financing. <h2 style="text-align: center;">Key Catalyst: Los Azules Copper Financing</h2> <a href="https://www.stockwatch.com/News/Item/U-z9817392-U!MUX-20260827/U/MUX" target="_blank" rel="noopener">Additionally, McEwen reported on August 27 that its 46.3%-owned subsidiary McEwen Copper Inc. had closed a US$240 million senior secured four-year term loan facility</a>. Lenders included Sprott Natural Resource Investment Partners for US$112 million and Rob McEwen for US$85 million. The facility carries 12 percent interest with warrants attached and funds for engineering and early works at Los Azules in Argentina. A final investment decision and full project financing are expected in mid-2027, with commercial copper cathode production targeted for 2030, subject to project financing and customary approvals. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>McEwen Inc. posted higher Q2 net income and raised exploration spending while maintaining production guidance of 109,000 to 120,000 GEOs for 2026.</li> <li>The US$240 million Los Azules loan advances a major copper project with commercial production targeted for 2030.</li> <li>Long-term gold fundamentals cited by Rob McEwen include central bank buying and inflation outpacing new mine supply.</li> <li>Analysts from Alliance Global Partners, Cantor Fitzgerald, H.C. Wainwright, and Roth Capital Partners maintained Buy ratings with targets between US$28 and US$37.</li> <li>McEwen Inc. holds a 46.3 percent stake in McEwen Copper and a position in Goliath Resources, providing exposure to both production and exploration upside.2</li> </ul> <h2 style="text-align: center;">Sector Timing and Valuation Context</h2> McEwen noted that only about 2 percent of global equity capital is currently allocated to metals, well below historical levels near 10 percent. Higher gold prices are expected to flow through to cash flow at operating mines, while exploration success at Grey Fox and Tartan could support further resource growth. <a href="https://s21.q4cdn.com/390685383/files/doc_presentations/mcewen_presentation.pdf" target="_blank" rel="noopener">McEwen's July presentation</a> outlines catalysts, including resource expansion, the Stock Mine startup, and Los Azules milestones. Analysts maintained positive ratings after the results. <a href="https://www.streetwisereports.com/article/2026/08/07/americas-focused-gold-and-copper-producer-posts-higher-quarterly-earnings-expands-resource-base.html?utm_medium=feed" target="_blank" rel="noopener">On August 7, H.C. Wainwright analysts Heiko F. Ihle and Case Bongirne reiterated a Buy rating</a> while lowering their target to US$28.00. Roth Capital Partners kept a Buy rating and sees the company on track for its 250,000 to 300,000 GEO annual production goal by 2030. [OWNERSHIP_CHART-164] <h2 style="text-align: center;">Share Structure and Near-Term Events2</h2> McEwen Inc. has 61.36 million shares outstanding and a market cap of approximately US$1.18 billion. Institutional ownership stands at 63.86 percent. The company also holds an equity stake in Goliath Resources Ltd., which is expanding its Surebet discovery in British Columbia. McEwen Inc. continues to execute on production growth and copper development while maintaining a long-term view on gold. Investors should monitor quarterly results, Los Azules permitting updates, and additional Surebet assays for further catalysts. <h2 style="text-align: center;">Goliath Resources</h2> Also in the area, <a href="https://www.streetwisereports.com/pub/co/9595?utm_medium=feed" target="_blank" rel="noopener">Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) recently reported</a> <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/08/August-24-2026-Goliaths-2026-Drilling-Expands-Golden-Gate-Zone-From-0.85-Km2-To-1.17-Km2-And-Bonanza-Zone-From-1.27-Km2-to-1.51-Km2.pdf" target="_blank" rel="noopener"> that 2026 drilling at the Surebet Discovery on its 100%-owned Golddigger Property in British Columbia's Golden Triangle expanded both the Golden Gate and Bonanza Zones</a>. [OWNERSHIP_CHART-9595] The company has completed 34,990 meters of a 50,000-meter program. 1<a href="https://www.streetwisereports.com/article/2026/02/24/from-discovery-to-expansion-a-golden-triangle-gold-system-takes-shape.html?utm_medium=feed" target="_blank" rel="noopener">John Newell of John Newell & Associates also emphasized Surebet's scale and continuity when he initiated coverage with a Speculative Buy rating in February</a> <h2 style="text-align: center;">Common Questions from Investors</h2> Why is Rob McEwen bullish on gold? He cites monetary expansion, government debt, inflation, and central bank buying as structural supports for higher prices over time. What is McEwen Inc.'s 2030 production target? The company is targeting annual production of 250,000 to 300,000 gold equivalent ounces by 2030. How does the Los Azules financing work? A US$240 million four-year term loan at 12 percent interest funds engineering and early works, with a final investment decision and full project financing expected in mid-2027, and commercial copper cathode production targeted for 2030, subject to project financing and customary approvals. What progress has Goliath Resources made at Surebet? The total footprint of the Surebet system expanded 12 percent to 2.01 square kilometers in 2026, while visible gold was intersected in 34 of 59 holes drilled during the program. Are analysts still positive on McEwen Inc.? Four firms maintained Buy ratings in August with price targets ranging from US$28 to US$37, citing production growth and Los Azules advancement. [SMNLINSERT]Important Disclosures:<ol> <li>Goliath is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> <ol> <li>Disclosure for the quote from the John Newell article published on February 24, 2026</li> </ol> <ol> <li>For the quoted article (published on February 24, 2026), Goliath Resources has paid Street Smart, an affiliate of Streetwise Reports, US$3,550</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. <ol start="2"> <li>Ownership and Share Structure Information</li> </ol> The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32378"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32378" width="0" height="0"> ( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE, MUX:TSX; MUX:NYSE , ) Tue, 01 Sep 2026 00:00:00 PST 9.40 g/t Gold Over 4.60 Meters Extends Spyglass Zone to 330 Meters Depth https://www.streetwisereports.com/article/2026/09/01/9-40-g-t-gold-over-4-60-meters-extends-spyglass-zone-to-330-meters-depth.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/9-40-g-t-gold-over-4-60-meters-extends-spyglass-zone-to-330-meters-depth.html?utm_medium=feed">Streetwise Reports 09/01/2026</a> Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) reported four deeper drill holes at Gold Rock, including 9.40 g/t gold over 4.60 meters with 78.40 g/t gold over 0.38 meters, as Spyglass and Buccaneer were extended at depth.<a href="https://www.streetwisereports.com/pub/co/11012?utm_medium=feed" target="_blank" rel="noopener">Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE)</a> reported <a href="https://drydengold.com/dryden-gold-reports-on-deeper-drilling-at-spyglass-with-9-40-g-t-gold-over-4-60-meters-at-a-true-depth-of-330-meters-provides-marketing-update/" target="_blank" rel="noopener">results from four drill holes testing the down-plunge extension of high-grade gold mineralization at the Spyglass and Buccaneer zones at Gold Rock, extending both zones to greater vertical depths.</a> At Spyglass on BM2, hole DGR-073 returned 9.40 g/t gold over 4.60 meters, including 78.40 g/t gold over 0.38 meters. The drilling extended Spyglass from approximately 190 meters to 330 meters vertical depth and added approximately 110 meters by 50 meters to its interpreted mineralized footprint. The company said the expanded drilling approximately doubled the interpreted size of the Spyglass zone. All four drill holes intersected visible gold at Spyglass in locations predicted by Dryden Gold's geological interpretation. Other Spyglass results included DGR-071 with 4.60 g/t gold over 2.00 meters, including 12.40 g/t gold over 0.50 meters; DGR-072B with 5.47 g/t gold over 1.65 meters, including 13.90 g/t gold over 0.50 meters; and DGR-074 with 2.54 g/t gold over 4.78 meters, including 10.10 g/t gold over 0.75 meters. Reported intervals are drilled core lengths, true width is unknown and assay values are uncut. DGR-073 also intersected the Buccaneer zone on BM1 at 370 meters true depth. The company said Buccaneer has been extended from approximately 185 meters to 370 meters vertical depth, returning 0.95 g/t gold over 5.55 meters, including 7.70 g/t gold over 0.55 meters. The intersection was south of the modeled high-grade zone. Buccaneer was extended from approximately 185 meters to 370 meters vertical depth. "The continued expansion of Gold Rock at depth is a very important achievement for the technical team," <a href="https://drydengold.com/dryden-gold-reports-on-deeper-drilling-at-spyglass-with-9-40-g-t-gold-over-4-60-meters-at-a-true-depth-of-330-meters-provides-marketing-update/" target="_blank" rel="noopener">CEO Trey Wasser said in the company announcement.</a> "One of our key objectives of this drill campaign is to expand the known high-grade zones at depth, and these four holes prove our model is working." Wasser said the interpreted footprint of Spyglass increased by approximately 5,500 square meters. He also said Gold Rock now contains 15 discovered mineralized structures and that the target area has expanded to more than one kilometer by 750 meters. Dryden Gold also reported that it entered a promotional services agreement dated February 27, 2026, with Epstein Research, an arm's-length service provider. Epstein Research was engaged to provide investor awareness and promotional services, including social media communications and the preparation and distribution of three written articles every three months. The agreement has an initial three-month term, subject to renewal or termination under its terms. Dryden Gold paid a cash fee of US$7,500 in advance, with no securities or other equity-based compensation issued or to be issued under the agreement. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="c2f5fs" data-start="0" data-end="74">Gold Market Responded to Inflation, Rates, and Geopolitical Developments</h2> <a href="https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market" target="_blank" rel="noopener">According to an August 28 report from Kitco News</a>, gold came under selling pressure after Federal Reserve Chair Kevin Warsh emphasized inflation during his speech at the annual Central Bank Symposium in Jackson Hole, Wyoming. Warsh said the Fed's preferred inflation measure stood above its 2% target and described price stability as a greater concern than labor-market conditions. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do," Warsh said. Kitco reported that the remarks contributed to renewed market expectations for a possible interest-rate increase. The report also cited Jeffrey Roach, chief economist for LPL Financial, who characterized the speech as reflecting a changing approach to monetary policy. "The distinctly hawkish speech gave support to the dollar as the chairman appears comfortable keeping policy higher for longer," Roach said. Kitco reported that gold prices declined more than 1% during the session as markets reacted to Warsh's comments. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-august-31-2026-gold-sinks-following-us-strikes-on-iran-123744944.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on August 31 that precious metals had continued to face pressure from developments involving monetary policy and geopolitical tensions</a>. "Renewed military conflict in the Middle East and growing bets that the Fed will soon raise rates are weighing on precious metal prices this morning," Tim Manni wrote. The report said U.S. attacks on Iranian rocket launchers had marked the first escalation since July, contributing to higher oil prices and inflation concerns. It also noted that gold's opening price was down 3.3% from one week earlier but remained 9.3% higher than one month earlier and 30.6% higher than one year earlier. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics reported on September 1</a> that gold had traded below US$4,450 per ounce and hovered near two-week lows as higher oil prices and Warsh's remarks strengthened expectations for a U.S. rate increase during the month. Gold was quoted at US$4,382.57 per ounce, while the data showed the metal remained up 8.12% over the preceding month and 24.04% over the preceding year. Trading Economics reported that markets had priced in a greater than 65% probability of a September rate increase, compared with around 36% before Warsh's remarks. Despite the recent decline, Trading Economics reported that gold had gained about 10% during August following U.S. Treasury plans to double liquidity-support buybacks of longer-dated bonds. The report described gold as "one of the most widely followed precious metals". It noted that demand had been driven by financial markets, jewelry consumption, and industrial use. At the same time, the metal had also been regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1kumsd6" data-start="0" data-end="52">Couloir Capital Upgrades Price Target to CA$1.20</h2> In a June 5 report, Couloir Capital analyst Ron Wortel reiterated a "Buy" rating on Dryden Gold and increased his price target to CA$1.20 per share. Wortel cited exploration results from the Gold Rock system, where drilling had intersected 15 mineralized structures across a 600-meter-wide corridor. Wortel also highlighted subsequent drilling at Gold Rock, including the Sparrow and Buccaneer discoveries. He cited 32.87 g/t gold over 4.25 meters at Sparrow and 13.08 g/t gold over 3.80 meters at Buccaneer. He wrote that "subsequent drilling identified three new high-grade veins, including 32.87 g/t gold over 4.25 meters at Sparrow and 13.08 g/t gold over 3.80 meters at Buccaneer." The analyst also pointed to the maiden drilling program at Hyndman, where all six holes intersected gold mineralization. Wortel cited the company's financial and strategic position as supporting its ongoing drilling program and planned exploration work. <h2 style="text-align: center;" data-section-id="1og1c4p" data-start="2651" data-end="2707">Drilling, Regional Programs, and 2026 Exploration Work</h2> Dryden Gold's fully funded 45,000-meter drill program will continue testing down-plunge extensions of known high-grade zones across its 15 mineralized structures at Gold Rock. The program will also continue identifying new high-grade zones along strike and testing the continuity of lower-grade gold mineralization between high-grade zones. Follow-up drilling at Buccaneer will test the company's model to the north following the DGR-073 intersection south of the modeled high-grade zone. <a href="https://drydengold.com/investors/presentations/" target="_blank" rel="noopener">The company's</a><a href="https://drydengold.com/investors/presentations/" target="_blank" rel="noopener"> 2026 presentation also identifies the acceleration of drilling at Gold Rock and the addition of a second drill rig among the company's 2026 activities.</a> The presentation states that the 2026 exploration budget totals CA$17.5 million and includes 45,000 meters of drilling. Gold Rock footprint expansion and down-plunge drilling, including the addition of a second drill rig, accounts for CA$10.5 million. As of the presentation, CA$3 million had been spent on approximately 10,000 meters under that program. Gold Rock Camp work carries a budget of CA$2 million and includes Mud Lake drilling and mapping of additional targets. The company's 2026 exploration emphasis includes growing the Gold Rock target area along strike and at depth, and drill testing at Mud Lake. The presentation's timeline places Mud Lake drilling later in 2026. Regional targets carry a budget of CA$5 million, with CA$2 million spent to date on approximately 3,000 meters. Work includes drilling at Hyndman and Sherridon, follow-up on the soil-till program, and mapping. At Hyndman, the company identifies a 12-kilometer by 2.5-kilometer gold-in-till anomaly corridor. Its initial drill program intersected gold mineralization in all six holes. The anomaly corridor remains open along strike, and Dryden Gold has continued expanding its land position by staking an additional 12,000 hectares based on gold-in-till anomalies. The presentation states that a comprehensive exploration program and 2026 drill program are being planned, with permitting underway. Other planned 2026 work includes planning and permitting new exploration targets at North Mud Lake and the Walmsley Deformation Zone within the Gold Rock Camp, as well as expanded areas at Hyndman and Sherridon. Dryden Gold also lists a till substrate sampling program on new ground, mapping and prospecting of priority target areas, and regional heavy mineral concentrate sampling. The company's listed 2026 catalysts also include continued expansion of the Gold Rock target area, testing for periodicity on strike in the Gold Rock Camp through drilling at Mud Lake, drill testing the Hyndman Granodiorite discovery, further testing of the Sherridon regional target, and reviewing the property-wide soil-till program with the goal of adding new regional targets. [OWNERSHIP_CHART-11012] Dryden Gold's management is scheduled to be in Beaver Creek, Colorado, from September 22 to 25, 2026, followed by participation in Mining Forum Americas in Colorado Springs from September 27 to 30. President Maura Kolb is scheduled to speak at 8:40 MDT on September 30. <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" data-conversation-screenshot-content=""> <h2 style="text-align: center;">Ownership & Share Information1</h2> Dryden Gold Corp. has a market cap of CA$66.83 million, with 246.22 million shares outstanding. The company's 52-week range is CA$0.20-CA$0.48. Institutions own 12.46% of shares, while Strategic Investors own 10.41%. Management & Insiders own 3.04%, and the remaining 74.09% of shares are held by Retail. <h2 style="text-align: center;">FAQs</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:aa84faa6-2845-47be-aca1-75bd634cc125-4" 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:aa84faa6-2845-47be-aca1-75bd634cc125-4" data-turn-id-container="request-WEB:aa84faa6-2845-47be-aca1-75bd634cc125-4" data-testid="conversation-turn-10" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="b5cc739e-9cce-4bef-8d37-3c5959d81387" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> What were the latest Dryden Gold drill results at Gold Rock? Dryden Gold Corp. reported results from four drill holes testing the down-plunge extension of high-grade gold mineralization at the Spyglass and Buccaneer zones at Gold Rock. Hole DGR-073 at Spyglass returned 9.40 g/t gold over 4.60 meters, including 78.40 g/t gold over 0.38 meters. How deep did Dryden Gold extend the Spyglass high-grade gold zone? Dryden Gold extended the Spyglass zone from approximately 190 meters to 330 meters vertical depth. The expanded drilling also added approximately 110 meters by 50 meters to the interpreted mineralized footprint, which the company said approximately doubled the interpreted size of the Spyglass zone. Did Dryden Gold intersect visible gold at Spyglass? Yes. All four drill holes intersected visible gold at Spyglass in locations predicted by Dryden Gold's geological interpretation. What other high-grade gold assays did Dryden Gold report from Spyglass? In addition to DGR-073, hole DGR-071 returned 4.60 g/t gold over 2.00 meters, including 12.40 g/t gold over 0.50 meters. DGR-072B returned 5.47 g/t gold over 1.65 meters, including 13.90 g/t gold over 0.50 meters, while DGR-074 returned 2.54 g/t gold over 4.78 meters, including 10.10 g/t gold over 0.75 meters. What were the latest drill results from the Buccaneer gold zone? Hole DGR-073 intersected Buccaneer at 370 meters true depth and returned 0.95 g/t gold over 5.55 meters, including 7.70 g/t gold over 0.55 meters. The intersection was south of the modeled high-grade zone. How much deeper has the Buccaneer zone been extended? The Buccaneer zone was extended from approximately 185 meters to 370 meters vertical depth. Follow-up drilling will test the company's model to the north. How large is the Gold Rock target area? According to Dryden Gold CEO Trey Wasser, the Gold Rock target area has expanded to more than one kilometer by 750 meters. He also said 15 mineralized structures have now been discovered at Gold Rock. How large is Dryden Gold's 2026 drill program? Dryden Gold has a fully funded 45,000-meter drill program. The program includes testing down-plunge extensions of known high-grade zones across 15 mineralized structures at Gold Rock, identifying new high-grade zones along strike, and testing continuity of lower-grade gold mineralization between high-grade zones. What exploration work does Dryden Gold have planned for 2026? The company's 2026 exploration activities include continued Gold Rock drilling, Mud Lake drilling, work at the Hyndman and Sherridon regional targets, a till substrate sampling program on new ground, mapping and prospecting of priority target areas, and regional heavy mineral concentrate sampling. The company also identified planning and permitting for new exploration targets at North Mud Lake, the Walmsley Deformation Zone and expanded areas at Hyndman and Sherridon. What is Dryden Gold's 2026 exploration budget? Dryden Gold's September presentation listed a CA$17.5 million budget for 2026 exploration and 45,000 meters of drilling. The budget included CA$10.5 million for Gold Rock footprint expansion and down-plunge drilling ,CA$2 million for Gold Rock Camp work and CA$ 5 million for regional targets. <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> </div>Important Disclosures:<ol> <li>Dryden Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dryden Gold Corp. </li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32377"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32377" width="0" height="0"> ( Companies Mentioned: DRY:TSXV; DRYGF:OTCQX; X7W:FSE, ) Tue, 01 Sep 2026 00:00:00 PST High-Grade Gold, Antimony and Tungsten Hits Add to Idaho Mine Construction Momentum https://www.streetwisereports.com/article/2026/09/01/high-grade-gold-antimony-and-tungsten-hits-add-to-idaho-mine-construction-momentum.html Source: <a href="https://www.streetwisereports.com/article/2026/09/01/high-grade-gold-antimony-and-tungsten-hits-add-to-idaho-mine-construction-momentum.html?utm_medium=feed">Streetwise Reports 09/03/2026</a> Perpetua Resources Corp. (TSX: PPTA; NASDAQ: PPTA) advanced critical path construction at Stibnite as four-rig drilling returned high-grade gold, antimony and tungsten intercepts.<a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> reported<a href="https://www.stockwatch.com/News/Item/Z-C!PPTA-3858506/C/PPTA" target="_blank" rel="noopener"> continued critical path construction progress at its Stibnite Gold Project in central Idaho, where early works and construction activities are underway following federal approvals secured in 2025.</a> Essential components for the project's dual autoclaves are being fabricated at a custom facility in Europe following purchase orders submitted earlier this year. The long-lead equipment is intended for the Stibnite processing facility to optimize gold extraction. Worker housing is also advancing. Temporary workforce housing is in place, while Perpetua is developing a permanent facility for the project's construction and operations workforce. As of August 24, 2026, approximately half of the ATCO-supplied modular units had been delivered to Stibnite, with the remaining units staged about 75 miles away in Cascade. Grading at the permanent facility location has been completed, and utilities have been installed. Construction is continuing on the administrative pad area and the Burntlog Route. The initial administrative pad buildout will include administrative infrastructure, emergency services, and other support facilities. The U.S. Forest Service identified the Burntlog Route as the preferred alternative and environmentally preferred alternative under NEPA. Once completed, the route will serve as the main access to the project. "We continue to see tangible progress at Stibnite," Jon Cherry, president and chief executive officer of Perpetua Resources, said in a company news release. "From the arrival of new infrastructure on site and advancements in equipment fabrication to exciting drilling results, this update demonstrates the momentum, focus, and disciplined execution our team is bringing to the project." Exploration drilling is underway with four rigs, with approximately 5,800 meters completed of a new 10,000-meter drill program. Work includes continued testing of the Clark Tunnel Fault Zone, where recent drilling returned 6.4 meters grading 16.2 grams per tonne gold and 1.7% antimony from surface, as well as 15.0 meters grading 6.3 g/t gold and 0.8% antimony from a depth of 11 meters. Perpetua also reported a new gold-tungsten discovery of 21.3 meters grading 3.2 g/t gold and 0.9% tungsten from a depth of 24 meters. At the Huckleberry Fault Zone, drilling and surface sampling returned broad intervals of gold mineralization, including 69.6 meters grading 0.8 g/t gold. Drilling at Hangar Flats included 3.0 meters grading 14.5 g/t gold, while deeper drilling returned 22.9 meters grading 3.2% antimony and 1.2% tungsten, 9.8 meters grading 8.3% antimony and 4.6% tungsten, and 3.4 meters grading 10.6% antimony and 1.5% tungsten. Any tungsten development would require separate environmental review and permitting outside the current project's scope. Perpetua, the U.S. Army, and Idaho National Laboratory also held a ribbon-cutting ceremony on July 29, 2026, for a modular mineral processing plant at INL in Idaho Falls. The plant will initially process antimony samples from Stibnite into antimony trisulfide for military use. Since 2022, Perpetua has been awarded more than US$87 million from the U.S. Department of War and U.S. Army, including more than US$59 million in Defense Production Act funds and a recent US$4.7 million award that increased total Army funding under the ordnance technology initiative agreement to US$27 million. On August 18, 2026, the U.S. District Court of Idaho upheld federal approvals for Stibnite while remanding a discrete issue involving incidental take statements to the U.S. Fish and Wildlife Service for clarification of monitoring and reporting measures. The remand does not require reconsideration of the agency's no-jeopardy findings. Plaintiffs have appealed the district court's decision, while Perpetua continues critical path construction activities. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="12bce1n" data-start="0" data-end="62">Gold Market, Antimony, and Tungsten Hold Strong Yearly Gains Despite Rate Pressure</h2> <a href="https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market" target="_blank" rel="noopener">According to an August 28 report from Kitco News</a>, gold came under selling pressure after Federal Reserve Chair Kevin Warsh emphasized inflation risks during his speech at the annual Central Bank Symposium in Jackson Hole, Wyoming. Spot gold traded at US$4,552.00 per ounce, down more than 1% on the day, as markets increased expectations for a potential interest rate increase. Warsh said inflation remained the greater concern within the Federal Reserve's mandate. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That's our job . . . our mandate . . . and our charge to keep," he said. Kitco also cited Jeffrey Roach, chief economist for LPL Financial, who said the remarks supported expectations for a continued tightening bias. "The distinctly hawkish speech gave support to the dollar as the chairman appears comfortable keeping policy higher for longer," Roach said. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-august-31-2026-gold-sinks-following-us-strikes-on-iran-123744944.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on August 31</a> that renewed military conflict in the Middle East and growing expectations for higher U.S. interest rates had weighed on precious metals. Gold futures opened at US$4,483.20 per troy ounce, down 1% from the previous close. Despite the decline, the opening price remained 9.3% higher than one month earlier and 30.6% higher than one year earlier. The report distinguished between the two principal forms of gold pricing. "The two main gold prices investors should know about are spot prices and gold futures prices," Yahoo Personal Finance wrote. It described spot gold as the current market price per ounce for physical gold as a raw material, while futures represented exchange-traded contracts requiring a gold transaction at a specified price on a future date. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics reported on September 1 that gold traded below US$4,450 per ounce</a> and remained near two-week lows as higher oil prices and Warsh's remarks strengthened expectations for a U.S. rate increase. Markets had priced in a greater than 65% probability of a September increase, compared with about 36% before his remarks. Despite the recent pullback, Trading Economics reported that gold had gained about 10% during August after the U.S. Treasury announced plans to double liquidity-support buybacks of longer-dated bonds. Its market data put gold at US$4,382.57 per ounce, with a monthly gain of 8.12% and a yearly increase of 24.04%. According to Trading Economics, "Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk." The source said demand had been driven by financial markets, jewelry consumption, and industrial use, while gold was primarily traded through the over-the-counter London market and major exchanges. <a href="https://strategicmetalsinvest.com/antimony-prices/" target="_blank" rel="noopener">According to August 31 pricing data, antimony was US$51.80 per kilogram, representing a 42.67% decline from one year earlier</a> but a 25.36% increase over two years and a 165.91% increase over three years. The metal was also up 171.77% since the start of 2024. Antimony prices had been increasingly influenced by supply pressures and geopolitical developments, reflecting a market with concentrated production and sensitivity to supply disruptions and export controls. Antimony was used across flame retardants, lead-acid batteries, specialized alloys, electronics, and defense applications, while global production was estimated at approximately 80,000 to 90,000 tonnes annually. China had historically dominated both antimony mining and refining, with additional production coming from Russia, Tajikistan, Bolivia, Turkey, and Myanmar. <a href="https://www.spglobal.com/content/dam/spglobal/global-assets/en/special-reports/critical-mineral-market-reports/Market%20Report%20-%20Tungsten%20-%2008052026.pdf" target="_blank" rel="noopener">S&P Global Energy reported in its August Tungsten Market Report</a> that tungsten had remained a strategic metal for industrial machinery and defense applications, while concentrated supply had increased its exposure to geopolitical and supply-chain risks. China accounted for approximately 80% of current mine production and about 85% of ammonium paratungstate production, while tungsten APT CIF prices had risen from US$83 per kilogram WO3 in January to US$340 per kilogram WO3 in July. "Concentration of mining and refining capacity in China makes tungsten sourcing vulnerable to geopolitical and supply chain risks," S&P Global stated. The report said cemented carbides accounted for nearly two-thirds of tungsten demand, connecting consumption with manufacturing, mining, and construction, while aerospace, defense, and semiconductor applications represented smaller but strategically important sources of demand. S&P Global also reported that available ex-China mine production totaled 22,000 metric tonnes of WO3 in 2026, leaving an estimated supply gap of approximately 21,000 tonnes WO3. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1c3boa7" data-start="0" data-end="38">Analysts Maintain Positive Ratings</h2> <a href="https://www.streetwisereports.com/article/2026/05/29/idaho-gold-co-secures-us-2-4b-exim-loan-fully-funding-construction-with-us-494m-buffer.html?utm_medium=feed" target="_blank" rel="noopener">National Bank of Canada Capital Markets analyst Rabi Nizami reiterated an Outperform rating and CA$55.00 price target on May 22</a>. He estimated that the US$2.9 billion EXIM financing package and US$670 million in first-quarter cash provided "a buffer of roughly US$494 million for early works, interim exploration, G&A, or potential cost overruns" compared with the year-end 2025 capital expenditure estimate of US$2.58 billion. Nizami's own capital expenditure forecast was US$2.703 billion, approximately 5% above the technical report estimate of US$2.576 billion. National Bank had previously expected the company to raise another US$200 million in equity later in 2026, but Nizami said the larger financing facility could remove that need and described the loan's 13-year maturity as "a positive surprise." He also addressed renewed exploration following nearly a decade of limited activity, writing that "exploration potential is currently underrepresented in existing reserves and resources, given the company's prior focus on permitting and funding." His CA$55.00 target used a 1.0x NAV multiple. <a href="https://www.streetwisereports.com/article/2026/06/03/americas-only-defense-antimony-mine-ramps-up-construction-activities.html?utm_medium=feed" target="_blank" rel="noopener">Also on May 22, BMO Capital Markets analyst Brian Quast maintained an Outperform rating and CA$47.00 price target</a>. Quast said the EXIM package and Perpetua's cash were "expected to fully fund the direct construction of the Stibnite Gold Project." BMO estimated capital expenditures at US$2.834 billion, compared with the company's US$2.576 billion estimate, while its CA$47.00 target was based on a 1.7x price-to-NPV multiple using a 5% discount rate. Quast also increased his revenue forecasts to US$32 million for 2026 from US$19 million and to US$57 million for 2027 from US$18 million. He additionally noted the project's "potential sources of tungsten that could enhance the value of Perpetua's broader land package." <a href="https://www.streetwisereports.com/article/2026/06/24/central-idaho-gold-antimony-developer-starts-critical-path-construction-as-2-9b-federal-loan-wins-approval.html?utm_medium=feed" target="_blank" rel="noopener">Roth Capital Partners analyst Mike Niehuser reiterated a Buy rating and US$32.00 price target on June 2.</a> Following a May 18 site visit, Niehuser pointed to construction activity at Stibnite, including initial development of the alternate Burntlog Route, which he called "essential to keeping the project on schedule." He also noted that the US$2.9 billion EXIM loan package, including capitalized interest, combined with US$669.5 million in first-quarter cash, exceeded the project's US$2.576 billion construction budget. Niehuser's valuation used a 0.90x price-to-NAV multiple, assigning US$24.90 per share to the project and US$6.27 per share for converting approximately half of the resources outside reserves at US$540 per ounce, for a combined US$31.17 per share. His US$32.00 target excluded tungsten credits and approximately US$5.35 per share in cash. He also identified Hangar Flats and Yellow Pine as remaining open at depth. According to TipRanks, RBC Capital analyst Josh Wolfson issued a Buy rating with a US$42 price target on June 4. B. Riley Securities analyst Soundarya Iyer initiated coverage with a Buy rating and US$30 target on August 3, while H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating with a US$43.50 target on August 18. <h2 style="text-align: center;" data-section-id="m0wxpq" data-start="3927" data-end="3980">Construction, Financing, and Exploration Milestones</h2> <a href="https://perpetuaresources.com/investors/#investor-presentation" target="_blank" rel="noopener">Perpetua's August 2026 investor presentation</a> identified a final investment decision in 2026, ongoing construction updates from 2026 through 2029, and commencement of production in 2029 among the company's stated Stibnite milestones. The presentation also listed ongoing gold and critical minerals exploration activities during 2026. Project financing remains another stated work stream. Perpetua reported US$574 million of unrestricted cash as of June 30, 2026, along with outstanding strategic investor warrants that could provide up to US$172 million if exercised in full. The U.S. Export-Import Bank approved a US$2.9 billion senior secured loan on May 21, 2026, comprising US$2.4 billion for project construction, financial assurance, and certain ancillary costs, with the remainder allocated to capitalized interest and fees during construction. The loan remains subject to execution of definitive documentation and satisfaction of applicable conditions. Construction activities currently encompass several areas of the project. In addition to autoclave fabrication and worker housing development, the investor presentation identifies temporary camp work, site preparation, administrative pad preparation, and Burntlog Route construction among activities at Stibnite. Exploration remains active under the 10,000-meter 2026 drill program. At the Clark Tunnel Fault Zone, Perpetua elected to continue testing near-surface mineralization within the permitted Yellow Pine pit footprint. At the Huckleberry Fault Zone, work is following broad gold mineralization immediately adjacent to the Yellow Pine reserve pit limits. Hangar Flats remains open at depth and along strike and is identified as a key focus of the 2026 drill program. The broader exploration inventory includes areas northeast of the Yellow Pine deposit, below the Hangar Flats pit, and the former Defense Minerals Exploration Administration working area, and along strike and at depth at West End. The presentation also identifies Garnet, Scout, and Upper Midnight as high-grade targets; Cinnamid-Ridgetop, Saddle-Fern, and Rabbit as bulk-tonnage targets; and Mule, Salt & Pepper, and Blow-out as undefined airborne targets. Perpetua is also engaged with third parties to review antimony offtake opportunities. The company's modular antimony pilot plant with Idaho National Laboratory and the U.S. Army opened in July 2026, with the facility designed to process Stibnite samples into antimony trisulfide for military use. The presentation lists more than US$87 million in U.S. government awards since 2022.[OWNERSHIP_CHART-10820] The company's government-funded critical minerals work includes obtaining additional core samples from Stibnite, conducting a pilot plant study to produce military specification antimony trisulfide, designing a full-scale process circuit, and delivering a modular pilot plant for Department of Defense use. Separate Defense Production Act work included environmental and engineering studies associated with permitting and construction readiness. <h2 style="text-align: center;">Ownership and Share Structure1</h2> The company has 125.1 million shares issued and outstanding. On an undiluted basis, Paulson & Co. owns 25.86%, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) owns 6.4%, and JPMorganChase holds 2.23%. About 47% is owned by institutions, about 6% by strategic investors, and about 1% by insiders and management. The rest is held by retail. The company trades within a 52-week range of CA$22.60 to CA$51.10 per share, commanding a market capitalization of approximately CA$4.23 billion. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1r8frcv" data-start="0" data-end="29">Frequently Asked Questions</h2> What is the latest news from Perpetua Resources and the Stibnite Gold Project? Perpetua Resources reported continued critical-path construction at the Stibnite Gold Project in Idaho, including work on worker housing, the administrative pad, the Burntlog Route, and long-lead processing equipment. The company also continued its 2026 exploration drilling program with four drill rigs operating at the project. How much drilling has Perpetua Resources completed at the Stibnite Gold Project in 2026? Perpetua reported that approximately 5,800 meters of its planned 10,000-meter 2026 drill program had been completed. Drilling included work at the Clark Tunnel Fault Zone, Huckleberry Fault Zone, and Hangar Flats areas. What gold results has Perpetua Resources reported from its 2026 drilling program? Recent results from the Clark Tunnel Fault Zone included 6.4 meters grading 16.2 grams per tonne gold and 1.7% antimony from surface, along with 15.0 meters grading 6.3 grams per tonne gold and 0.8% antimony from a depth of 11 meters. At Hangar Flats, drilling returned a near-surface interval of 3.0 meters grading 14.5 grams per tonne gold. Has Perpetua Resources discovered tungsten at the Stibnite Gold Project? Perpetua reported a gold-tungsten discovery at the Clark Tunnel Fault Zone that returned 21.3 meters grading 3.2 grams per tonne gold and 0.9% tungsten from a depth of 24 meters. The company also reported tungsten alongside antimony in deeper drilling below the Hangar Flats reserve pit. Any development of tungsten would require separate environmental review and permitting outside the current project scope. How much financing does Perpetua Resources have for Stibnite construction? Perpetua's August investor presentation listed US$574 million in unrestricted cash as of June 30, up to US$172 million from outstanding strategic investor warrants if exercised in full, and an approved US$2.9 billion U.S. Export-Import Bank senior secured loan. The EXIM financing included US$2.4 billion for construction capital, with the remainder allocated to capitalized interest and fees during construction. The loan remained subject to execution of definitive documentation. What is the construction budget for the Stibnite Gold Project? The project's initial capital estimate, including contingency, was US$2.576 billion. The company's presentation identified more than US$3 billion of anticipated construction capital based on unrestricted cash, potential proceeds from outstanding warrants, and US$2.4 billion of construction capital from the approved EXIM loan. When could the Stibnite Gold Project begin production? Perpetua's August investor presentation identified a final investment decision in 2026, ongoing construction updates from 2026 through 2029, and commencement of production in 2029 among its listed project catalysts. What is the Burntlog Route at the Stibnite Gold Project? The Burntlog Route was identified by the U.S. Forest Service as its preferred and environmentally preferred alternative under NEPA. Construction was underway, and the route was planned to serve as the project's main access route once completed. How much gold does the Stibnite Gold Project contain? Perpetua's investor presentation listed 4.8 million ounces of gold reserves, 1.5 million ounces of measured and indicated gold resources and 1.6 million ounces of inferred gold resources. The reserves were calculated using a US$1,600-per-ounce gold price, while resources were calculated at US$1,500 per ounce. How much antimony does the Stibnite Gold Project contain? The company's presentation identified Stibnite as containing the only U.S. antimony reserve, totaling 149 million pounds. Perpetua also reported receiving more than US$87 million in U.S. government awards since 2022 related to antimony research, construction readiness, permitting and engineering. What is Perpetua Resources doing with antimony from Stibnite? Perpetua, the U.S. Army, and Idaho National Laboratory held a ribbon-cutting ceremony on July 29 for a modular mineral processing plant in Idaho Falls. The plant was initially intended to process Stibnite antimony samples into antimony trisulfide for military use. Perpetua's investor presentation also said the company was engaged with third parties to review antimony offtake opportunities. What are analysts' price targets for Perpetua Resources stock? The analyst targets cited in the article included US$32.00 from Roth Capital Partners, CA$55.00 from National Bank of Canada Capital Markets, CA$47.00 from BMO Capital Markets, US$42 from RBC Capital, US$30 from B. Riley Securities, and US$43.50 from H.C. Wainwright. The cited analysts maintained or issued Buy or Outperform ratings. <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. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32375"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32375" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) Thu, 03 Sep 2026 00:00:00 PST Gold Production Jumps 51% as AISC Falls 30% https://www.streetwisereports.com/article/2026/09/03/gold-production-jumps-51-as-aisc-falls-30.html Source: <a href="https://www.streetwisereports.com/article/2026/09/03/gold-production-jumps-51-as-aisc-falls-30.html?utm_medium=feed">Streetwise Reports 09/03/2026</a> West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE) reported higher Q2 2026 gold production and sales at its Madsen Mine as cash costs and all-in sustaining costs declined from the first quarter.<a href="https://www.streetwisereports.com/pub/co/5614?utm_medium=feed" target="_blank" rel="noopener">West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE)</a> reported<a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3858452/C/WRLG" target="_blank" rel="noopener"> improved second-quarter 2026 operating and financial results from the Madsen Mine in Ontario's Red Lake mining district, with gold production increasing 51% from the first quarter and all-in sustaining costs declining 30%.</a> Gold production reached 8,576 ounces in Q2, up from 5,667 ounces in Q1, while gold sales increased 34% to 8,260 ounces. Cash costs decreased 23% to US$2,000 per ounce sold from US$2,594 per ounce in Q1. All-in sustaining cost declined to US$3,284 per ounce sold from US$4,678, bringing Q2 AISC within the company's 2026 guidance range of US$2,800 to US$3,600 per ounce. West Red Lake Gold generated US$9.7 million of positive free cash flow during the quarter and ended Q2 with approximately US$31.2 million in cash and cash equivalents. Non-sustaining growth capital expenditures totaled CA$6.32 million, primarily related to continued advancement of the Fork Deposit access drift and the Madsen shaft refurbishment project. "Q2 demonstrated the progress we are making at Madsen, with higher mining rates and gold production translating into stronger financial performance," <a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3855864/C/WRLG" target="_blank" rel="noopener">CEO Shane Williams stated in the company's August 25 press release</a>. "Gold production increased 51%, and gold sales increased 34% over Q1, contributing to a 30% reduction in AISC to US$3,284 per ounce, within our 2026 guidance range, while Madsen generated US$9.7 million of positive free cash flow." Higher mining rates relative to mill throughput also allowed the company to establish a surface stockpile. As of June 30, the stockpile contained approximately 10,768 tonnes of ore. Williams said on an August 26 webcast that higher mining rates, improved grades, and higher mill throughput contributed to the quarter's increased gold production. The company's hub-and-spoke strategy includes the Rowan Project, which is within trucking distance of the Madsen mill. An updated 2026 Mineral Resource Estimate increased Rowan's Indicated gold ounces by 70% to 335,058 ounces at 13.04 g/t gold from 196,747 ounces at 12.78 g/t gold in the 2025 estimate. Inferred gold ounces increased 52% to 179,029 ounces grading 15.31 g/t gold. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:b7ba8618-a875-43c9-8829-ee149205c376-1" 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:b7ba8618-a875-43c9-8829-ee149205c376-1" data-turn-id-container="request-WEB:b7ba8618-a875-43c9-8829-ee149205c376-1" data-testid="conversation-turn-4" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="de9575df-9519-42ca-9a2a-c84597c13c54" data-turn-start-message="true" data-message-model-slug="gpt-5-6-thinking"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="njz6ln" data-start="0" data-end="88">Gold Market Remained Supported by Longer-Term Gains Amid Rate and Inflation Pressures</h2> <a href="https://www.kitco.com/news/article/2026-08-28/gold-prices-drop-1-warsh-says-inflation-bigger-concern-slowing-labor-market" target="_blank" rel="noopener">According to an August 28 report from Kitco News,</a> gold had come under selling pressure after Federal Reserve Chair Kevin Warsh emphasized inflation risks during his Jackson Hole speech. Warsh said the Fed's preferred measure of inflation stood above its target and added, "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do." Kitco reported that analysts viewed Warsh's comments as suggesting a tightening bias. Jeffrey Roach, chief economist for LPL Financial, said, "The distinctly hawkish speech gave support to the dollar as the chairman appears comfortable keeping policy higher for longer." The report said markets had again begun pricing in the possibility of a rate increase as early as September. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-august-31-2026-gold-sinks-following-us-strikes-on-iran-123744944.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on August 31</a> that renewed military conflict in the Middle East and increased expectations for a Federal Reserve rate increase had weighed on precious metals. The report stated, "Renewed military conflict in the Middle East and growing bets that the Fed will soon raise rates are weighing on precious metal prices this morning." Yahoo also reported that gold remained up 9.3% over one month and 30.6% over one year at that time. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics data dated September 1 showed gold at US$4,382.57 per ounce</a>, down 1.32% for the day but up 8.12% over the preceding month and 24.04% over the year. Its market summary said, "Despite the recent decline, gold still gained about 10% in August after the US Treasury announced plans to double liquidity-support buybacks of longer-dated bonds, reviving the so-called debasement trade." Trading Economics also described gold as one of the most widely followed precious metals and said it had often been regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. <h2 style="text-align: center;" data-section-id="j32qi3" data-start="0" data-end="76">Third-Party Commentary Tracks Madsen Ramp-Up and Rowan Resource Expansion</h2> Investor and newsletter writer Chen Lin took a cautious view of West Red Lake Gold's Madsen operations on May 13 following the company's revised 2026 guidance. Lin wrote that the shares had "suffered dearly after the guidance for 2026" and said he had spoken with "quite a few people very familiar with WRLG operation." Lin described the mining environment at Madsen as challenging because "many good areas were mined out." He said the company would need "to build a decline to mine at a fresh new area, which will likely take a year or so." Lin added, "That's the wait for this mine to 'turn around'. Investors need to be patient." <a href="https://www.streetwisereports.com/pub/na/31848?utm_medium=feed" target="_blank" rel="noopener">Cantor Fitzgerald analysts Matthew O'Keefe and Nicholas Lobo focused on the Rowan Project in a June 9 note</a> following an updated mineral resource estimate and the maiden mineral resource estimate for the nearby Mount Jamie deposit. They said the revised Rowan estimate reflected "the results of a highly focused 6,300 m resource conversion drill program." The Cantor report cited a Rowan indicated resource of 334,825 ounces grading 13.03 g/t gold and an inferred resource of 179,013 ounces grading 15.31 g/t gold. West Red Lake Gold subsequently finalized the 2026 Rowan resource at 335,058 indicated ounces grading 13.04 g/t gold and 179,029 inferred ounces grading 15.31 g/t gold. <a href="https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html?utm_medium=feed" target="_blank" rel="noopener">Following the update</a>, Cantor maintained its rating and target for West Red Lake Gold. "We maintain our Buy rating and CA$2.20/share target price," O'Keefe and Lobo wrote. O'Keefe returned to West Red Lake Gold in a July 15 report after reviewing the company's second-quarter operating update. He reiterated a Buy rating and CA$2.20 price target while pointing to a 51% quarter-over-quarter increase in gold production to 8,576 ounces, a 46% increase in mined tonnage to 75,524 tonnes, and a 73% increase in mined gold to 10,459 ounces. He attributed the improvement to additional mining fronts, improved mine sequencing, higher mining rates, and mill optimization. Average mill throughput had increased to approximately 842 tonnes per day in the second quarter from 572 tonnes per day in the first quarter. O'Keefe wrote that throughput was expected to reach approximately 1,000 tonnes per day during the second half of the year, which "should allow WRLG to meet its full-year production guidance of 35,000 to 45,000 oz of gold and build a modest surface stockpile buffer." He said the ramp-up was proceeding well and "should boost investor confidence." The analyst also identified the company's August 25 financial results as an important update for costs. O'Keefe wrote that costs "should start to trend downward, given that Madsen is largely a fixed cost operation." His model used cash costs of US$1,250 per ounce, all-in sustaining costs of US$1,867 per ounce, and a long-term gold price of US$4,000 per ounce. His CA$2.20 price target was based on an equally weighted blend of 0.6 times net asset value and 6.0 times estimated 2027 cash flow per share. O'Keefe identified continued ramp-up execution, achievement of targeted throughput, maintenance of grades, and lower per-ounce costs as factors to monitor. In an August 28 research update, O'Keefe reiterated his Buy rating on West Red Lake Gold and maintained his CA$2.20 per share price target after incorporating the company's second-quarter financial and operating results. "We maintain our Buy rating and CA$2.20/share target price based on equally blended 0.6x NAV/6.0x 2027E CFPS (unchanged)," O'Keefe wrote. Cantor noted that Madsen produced 8,576 ounces of gold in Q2, up 51% quarter over quarter, while cash costs declined 23% to US$2,000 per ounce and AISC fell 30% to US$3,284 per ounce. The firm said West Red Lake Gold remained on track to meet its 2026 production guidance of 35,000 to 45,000 ounces and AISC guidance of US$2,800 to US$3,600 per ounce. O'Keefe also identified several upcoming operational milestones, including increasing throughput toward 1,000 tonnes per day, advancing the access ramp to the high-grade Fork deposit, and receiving additional assay results from Starratt-Olsen and the 904 Complex. Cantor said an updated pre-feasibility study combining Madsen and Rowan was on track for the latter half of September. In discussing its unchanged valuation, the firm wrote, "We continue to value WRLG on an equally weighted 0.6x NAV/6.0x 2027E CFPS basis, driving our price target of CA$2.20 per fully diluted share (unchanged). Our Buy rating is unchanged." <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/a-new-best-buy-our-latest-copper-pick-reinforces-its-takeout-potential-plus-six-more-stock-updates-and-a-new-ground-truth-from-geologist-sharyn-alexander/#wr" target="_blank" rel="noopener">Jeff Clark and Daniel Flynn of The Paydirt Prospector discussed the completion of Phase One of the Madsen shaft refurbishment on August 13,</a> describing the work as "a useful piece of the Madsen turnaround plan." They noted that the completed phase demonstrated the ability to safely hoist gold ore and waste through the existing shaft at an initial capacity of approximately 200 tonnes per day. Clark and Flynn described the shaft work as practical infrastructure for a larger Madsen operation. They pointed to planned capacity increases to approximately 700 tonnes per day in the second half of 2027 and approximately 2,000 tonnes per day in the second half of 2028. The writers said an additional means of moving ore and waste to surface would become increasingly important as mining moved deeper and production increased. They also highlighted management's expectation that the refurbished shaft would improve mining efficiency, support higher production rates, and reduce operating costs and all-in sustaining costs over time. Clark and Flynn also addressed difficulties encountered during Madsen's production ramp-up. They noted that West Red Lake Gold would miss its original 2026 production guidance of 60,000 ounces and cited first-quarter all-in sustaining costs of US$4,678 per ounce against a realized gold price of US$4,938 per ounce. "This shaft work doesn't solve that overnight. But it's a step in the right direction," they wrote. Clark and Flynn said the operation needed increased production, improved infrastructure, and smoother operations. They maintained a "Hold, Trim or Sell" recommendation, although their individual positions differed. Clark had sold his position and redeployed the capital elsewhere, while Flynn continued to hold his position while watching the company's optimization efforts and high-grade satellite deposits. They also noted that West Red Lake Gold continued to target approximately 120,000 ounces of annual production over time. "That prize hasn't disappeared; it's just further away than we hoped," Clark and Flynn wrote. </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="1pk2uvz" data-start="2252" data-end="2309">Development Work Extends Across Madsen, Fork, and Rowan</h2> <a href="https://westredlakegold.com/wp-content/uploads/2026/08/WRLG_CorpDeck_August-2026.pdf" target="_blank" rel="noopener">West Red Lake Gold's August 2026 corporate presentation</a> outlined several development, mining, and exploration programs extending through the second half of 2026, 2027, and 2029. The company maintained 2026 production guidance of 35,000 to 45,000 ounces, with approximately 60% weighted toward the second half of the year. At Madsen, the company is advancing work across the 4447, 960, and 904 complexes, the Fork satellite deposit, and the eastern connection toward the Derlak complex. Mining at the 960 and 4447 complexes was scheduled for H1 and H2 2026, while the 904 Complex and Fork are expected to enter the production profile in 2027. Ongoing drilling and development are intended to support mine planning and resource expansion. The 904 Complex is a 200-meter by 200-meter non-remnant complex within Madsen that is in development for H1 2027. Drilling is underway to define multiple high-grade, near-infrastructure lenses. Highlighted 2026 drilling included 215.46 g/t gold over 5.35 meters on April 13 and, from February 25 results, 219.73 g/t gold over 4.8 meters, 148.36 g/t gold over 3 meters, and 133.13 g/t gold over 2.5 meters. At Fork, a 3,200-meter drill program was completed, and initial development is underway, with development expected to continue through H2 2026. The Fork is approximately 250 meters from the existing Madsen infrastructure and is expected to enter the company's 2027 production profile. The company is also advancing the 13 Level East Drive toward Derlak. Approximately 500 meters of development is planned in 2026 to provide access to additional areas of the deposit and drill access for expansion east of the current Mineral Resource Estimate. District-scale drilling and geophysics are also advancing across the broader land package, including Fork. Other work identified for H2 2026 includes continued shaft refurbishment and exploration at Starratt-Olsen and North Shore. The company's 2027 plans include material underground development, scaling shaft haulage capacity, further advancement of the 13 Level East Drive to open additional mining fronts, and continued resource expansion drilling. At Rowan, the permitting process has started, and the company is evaluating the satellite deposit as part of its hub-and-spoke strategy. The project's Preliminary Economic Assessment describes a 400-tonne-per-day underground mine producing approximately 35,000 ounces annually at an average diluted grade of 8 g/t gold over five years, with initial construction targeted for 2029. [OWNERSHIP_CHART-5614] A recent 6,300-meter Rowan drill program targeted veins 001, 004, 006b, and 013. The program was designed to support mine design, geotechnical work and metallurgical work for a planned combined pre-feasibility study. The company's roadmap identifies an updated pre-feasibility study proposed to combine Madsen and Rowan, while Rowan development and production ramp-up carry an H1 2029 target. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Institutional investors hold approximately 30% of West Red Lake Gold's shares, with insiders and advisors holding another 10%. The remaining 60% is held by retail investors. The company's current market cap is ~CA$370 million, with a 52-week trading range of CA$0.59 to CA$1.49. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1r8frcv" data-start="0" data-end="29">Frequently Asked Questions</h2> What were West Red Lake Gold's Q2 2026 gold production results? West Red Lake Gold Mines Ltd. produced 8,576 ounces of gold at the Madsen Mine in Q2 2026, a 51% increase from Q1. Gold sales increased 34% to 8,260 ounces during the quarter. What were West Red Lake Gold's Q2 2026 cash costs and all-in sustaining costs? Cash costs decreased 23% to US$2,000 per ounce sold from US$2,594 per ounce in Q1. All-in sustaining costs, or AISC, decreased 30% to US$3,284 per ounce sold from US$4,678 per ounce in Q1. How much free cash flow did the Madsen Mine generate in Q2 2026? West Red Lake Gold reported US$9.7 million of positive free cash flow during Q2 2026 and ended the quarter with approximately US$31.2 million in cash and cash equivalents. What is West Red Lake Gold's 2026 production guidance for the Madsen Mine? West Red Lake Gold's 2026 production guidance is 35,000 to 45,000 ounces of gold, with approximately 60% of production weighted toward the second half of 2026. What is West Red Lake Gold doing to expand production at the Madsen Mine? Development work includes the 4447, 960, and 904 complexes, the Fork satellite deposit, and the 13 Level East Drive toward Derlak. The company is also undertaking shaft refurbishment and continued resource expansion drilling. When are the Madsen 904 Complex and Fork deposit expected to enter production? The 904 Complex and Fork satellite deposit are expected to enter West Red Lake Gold's production profile in 2027. The 904 Complex is a 200-meter by 200-meter non-remnant complex within Madsen, while Fork is approximately 250 meters from existing Madsen infrastructure. What is West Red Lake Gold doing at the Fork satellite gold deposit? West Red Lake Gold completed a 3,200-meter drill program at Fork and began initial development. Development was expected to continue through the second half of 2026, with Fork expected to enter the production profile in 2027. What is the latest Rowan Project gold resource estimate? The 2026 Rowan Mineral Resource Estimate contained 335,058 indicated gold ounces grading 13.04 g/t gold and 179,029 inferred ounces grading 15.31 g/t gold. Indicated ounces increased 70%, and inferred ounces increased 52% compared with the 2025 estimate. What work has West Red Lake Gold completed at the Rowan Project? A recent 6,300-meter drill program targeted veins 001, 004, 006b, and 013. The drilling was designed to support mine design, geotechnical work, and metallurgical work for a planned combined pre-feasibility study. When is West Red Lake Gold targeting Rowan development and production? The company's August 2026 corporate presentation identified an H1 2029 target for Rowan development and production ramp-up. The Rowan Preliminary Economic Assessment described a 400-tonne-per-day underground mine producing approximately 35,000 ounces of gold annually over five years. What is the outlook for gold prices in the current market? Trading Economics data dated September 1 showed gold at US$4,382.57 per ounce. Although gold was down 1.32% for the day, it remained up 8.12% over the preceding month and 24.04% over the year. Recent reports identified inflation, Federal Reserve interest-rate expectations, and geopolitical developments among factors affecting gold prices. <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>West Red Lake Gold Mines Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32374"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32374" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE, ) Thu, 03 Sep 2026 00:00:00 PST Worker Shortage Squeezes Mining as Gold Hits Record Highs https://www.streetwisereports.com/article/2026/09/04/worker-shortage-squeezes-mining-as-gold-hits-record-highs.html Source: <a href="https://www.streetwisereports.com/article/2026/09/04/worker-shortage-squeezes-mining-as-gold-hits-record-highs.html?utm_medium=feed">Streetwise Reports 09/04/2026</a> As metal prices climb, mining's tightest constraint isn't the rock, it's the people. Here's why the labor crunch matters, and some well-capitalized names that are positioned to build through it.Canada's mining sector is riding high on strong commodity prices — but a deepening shortage of skilled workers threatens to slow its growth, the Mining Industry Human Resources (MiHR) Council warned, <a href="https://www.canadianminingjournal.com/news/labour-gaps-risk-slowing-mining-sectors-rise-industry-council-says/" target="_blank" rel="noopener">the Canadian Mining Journal reported on October 23, 2025</a>. <img class="float_left" src="https://www.theaureport.com/images/auto_up/2026831120620_MiningWorkerAdobge.jpeg" alt="" width="1000" height="667" />For now, labor conditions favor employers, said Gustavo Jurado, senior labor market economist at MiHR, an independent non-profit that studies labor issues across the industry, who laid out the picture at a MineConnect forum in Sudbury in October 2025. But that is largely because the pool of available workers is running dry. Roughly 100,000 Canadians work in mining and quarrying, with another 85,000 to 95,000 in mining supply and services, both record highs, yet the workforce has not grown to keep pace with demand. "Unemployment rates are historically low, which is a sign that employers are starting to exhaust their labor pools," Jurado said. Canada's overall unemployment sits near 7%, he noted, but mining and quarrying have run between 4% and under 1% over the past four years. "This is pointing to chronic labor shortages," he added. <a href="https://mihr.ca/wp-content/uploads/2026/06/Mihr-2026-Outlook-Report-EN-v2.pdf" target="_blank" rel="noopener">MiHR's 2026 Canadian Mining Labor Market Outlook</a> puts numbers to it. Through 2035, the sector will need to hire about 246,000 workers under its baseline scenario — dropping to roughly 161,000 if the economy contracts and rising to nearly 329,000 if mining expands as governments are betting it will. "These are large numbers of skilled workers we'll need to hire," Jurado said. Little of that demand comes from growth: only about 14% of the baseline hires, some 34,000 positions, are net new jobs, while the other 86%, more than 212,000 openings, come from replacing workers who leave, about 150,000 exiting the industry and 63,000 leaving the workforce altogether, many to retirement. The sector, in other words, must recruit at scale just to hold its ground — and it starts from a tight position, with the extraction and milling workforce at about 208,500 in 2025, unemployment down to 2.6% by the fourth quarter, and vacancies at 1.8%. MiHR expects the squeeze to peak around 2027, when it projects nearly half of all hiring requirements will be hard to fill. Clear that bar and mining employment could grow about 16%, to roughly 242,000 by 2035; fall short, and the gap becomes the ceiling on how fast Canada can build the mines its critical-minerals ambitions depend on. The harder problem is who will fill those roles, MiHR noted. The workforce is aging, and the share of workers under 25 has halved over 35 years, from 12% to 6%. In a recent poll, young people called the industry "hard," "dangerous," "dirty," and linked to "pollution," and two-thirds of those aged 15 to 30 said they would not, or definitely would not, work in mining. "If we want the next generation to fill retiring roles, we must convince them that mining is an option," Jurado said. <h2 style="text-align: center;">Two Veterans, One Warning</h2> Rob McEwen built Goldcorp Inc., which was acquired by Newmont Corp. (NEM:NYSE; NEM:ASX) in 2019, and now chairs McEwen Inc. (MUX:TSX; MUX:NYSE ). He called labor the single biggest challenge facing the business. "Labor. There's a very acute shortage of talent in the industry, and it's a function of two factors. One, there are a lot of people retiring," <a href="https://www.youtube.com/watch?v=3A1iOXLNtwI" target="_blank" rel="noopener">he said in a recent interview with Mining.com posted on YouTube</a>. The second factor is the empty end of the pipeline. "There's not many people coming into the industry," he said, blaming an education system that spent years treating mining as "a very environmentally destructive industry" that "should be shunned." The result, in his telling: "enrollment in mining schools, anything related to mining and geology, fell precipitously in the last 20 years. So, you don't have a new group of people coming in at the same time as metal prices are taking off, and everybody wants to build a mine. So, there's an intense competition for labor right now." Quinton Hennigh — an industry veteran with more than 40 years in the sector and chief executive officer of private global silver and zinc company San Cristobal Mining Inc. — <a href="https://www.streetwisereports.com/article/2025/11/25/mining-industrys-massive-workforce-shortage-threatens-critical-mineral-production.html?utm_medium=feed" target="_blank" rel="noopener">traced the shortage to a chronically "undercapitalized" industry</a> forced to make discoveries and train workers at the same time, and he describes the same missing generation. "We have very few mining professionals entering this field," Hennigh told Streetwise Reports last year. "There's practically no significant influx of geologists, engineers, metallurgists, and others into the mining sector. Meanwhile, other industries like tech have expanded rapidly. Mining, not so much. That's a problem we need to address." The recent surge of capital into gold, he added, is a "double-edged sword": the money has arrived, but "We lack the workforce necessary to meet global demands." Both men land on the same prescription. "We need to train the next generation of mining professionals," Hennigh said. "Otherwise, I don't see how we'll resolve this dilemma." Even Washington's response — the <a href="https://www.cbsnews.com/news/trump-mining-education-critical-minerals-180-million-dollars/" target="_blank" rel="noopener">more than US$180 million in U.S. government funding for mining education that McEwen welcomed</a> — will be slow to bite: "We have to augment our labor force," he said, "but that's going to take 10 years before it really has a big effect." In the meantime, McEwen expects the shortage itself to change how mines are run. "I do think the industry, because of the labor shortage, is going to move to greater automation and use of robotics," he said. <h2 style="text-align: center;">A Shrinking Pipeline and Washington's Answer</h2> The gap goes beyond engineers. In a May 2023 analysis, <a href="https://www.csis.org/analysis/united-states-needs-more-mining-engineers-solve-its-critical-mineral-challenges" target="_blank" rel="noopener">the Center for Strategic & International Studies (CSIS) argued</a> that the U.S. will need not just more mining engineers but more workers of every kind, a problem that the rising critical-minerals demand has only intensified. "More than half the current domestic mining workforce will need to be retired and replaced by 2029," it wrote, roughly 221,000 workers. "This number stands in stark contrast to the total of just 327 degrees awarded in 2020 in mining and mineral engineering, and a 39% net drop in graduations in the United States since 2016. University programs tasked with creating this workforce have also been decreasing, with the number of mining and mineral engineering programs in the United States dropping from 25 in 1982 to 15 in 2023." The slide has continued: fewer than 600 students were studying mining engineering in the U.S. in 2023, down from nearly 1,500 eight years earlier. Washington has begun to respond, moving from proposal to money. On Aug. 7, 2026, <a href="https://www.cbsnews.com/news/trump-mining-education-critical-minerals-180-million-dollars/" target="_blank" rel="noopener">the Trump administration announced more than US$180 million</a> for mining education: a US$100 million Department of Energy grant program to expand the mining and critical-minerals workforce, plus more than US$80 million from the military directed to three schools: US$32.7 million to the Colorado School of Mines, US$25 million to the South Dakota School of Mines and US$23.6 million to Johns Hopkins University. "For years, mining schools and colleges that are essential to training the future leaders of this industry have been absolutely and sadly disappearing," President Donald Trump said. The legislative track behind that push is still moving. <a href="https://www.congress.gov/bill/119th-congress/house-bill/2457" target="_blank" rel="noopener">The Mining Schools Act of 2025 (H.R. 2457)</a>, introduced March 27, 2025, by Representative Burgess Owens (R-UT), would require the Secretary of Energy to award up to 10 technology grants a year to mining schools — prioritizing geographic diversity and region-specific specialties — to fund programs in mining technology, critical-mineral exploration, and environmental-impact reduction. It would also create a six-member Mining Professional Development Advisory Board to evaluate applications, recommend recipients, and oversee the use of funds. The House bill remains before the committee; a Senate companion, S. 1130, has also been introduced. <h2 style="text-align: center;">Even at Record Prices, Mining Stays Expensive</h2> The labor squeeze lands on an industry that is already costly and slow to build in. <a href="https://www.goldrepublic.com/en-us/gold-price/record" target="_blank" rel="noopener">Even with gold at record highs</a>, turning a discovery into a producing mine takes years of capital and patience, and a thin pool of skilled workers only adds to the bill. McEwen said investors routinely underestimate that grind. "They don't appreciate the time to bring a project from discovery to a size that you could say, I'm going to put a feasibility study on it and build it," he said. "But then there's — you have to get a permit to build, and the regulations." Those costs build at every stage — exploration, engineering, permitting, construction — and the labor shortage compounds them, pushing up wages and stretching timelines. The pressure shows up in the numbers. Gold producers' all-in sustaining costs averaged US$1,785 per ounce in the first quarter of 2026, up 16% from a year earlier, <a href="https://www.gold.org/goldhub/gold-focus/2026/08/record-gold-prices-outpace-rising-mining-costs-q126" target="_blank" rel="noopener">according to the World Gold Council</a>, the 28th consecutive quarter of year-over-year growth in gold miners' all-in sustaining costs (AISC). Record prices have more than kept pace, lifting margins to about US$3,076 per ounce, but the trend line is unmistakable: it keeps getting more expensive to pull an ounce out of the ground, with rising royalties the single biggest contributor and labor an intensifying one. The upshot for investors: in a high-cost business where costs only ratchet higher, the edge goes to companies with the capital, permits, and people to actually deliver. Three names fit that profile, each advancing projects with significant financing or funding support for the gold or the critical minerals the market that Washington increasingly wants: Perpetua Resources Corp. with antimony, Allied Critical Metals Inc. with tungsten, and Seabridge Gold Inc. with gold and copper. <h2 style="text-align: center;">Perpetua Resources Corp.</h2> Antimony is exactly the kind of metal Washington is now scrambling to secure — and <a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> said it is positioning its Stibnite project as the nearest-term domestic source of it.[OWNERSHIP_CHART-10820] <a href="https://www.streetwisereports.com/article/2026/08/18/gold-antimony-developer-advances-high-grade-idaho-project.html?utm_medium=feed" target="_blank" rel="noopener">Perpetua reached a significant funding milestone</a> after the U.S. EXIM Board unanimously approved a US$2.9-billion senior secured loan facility for the development of the Stibnite Gold Project in Idaho. Combined with US$574.2 million in unrestricted cash at the end of the quarter, the proposed financing could cover the project's estimated US$2.576 billion in direct construction expenditures once the EXIM facility is finalized. The project would position Perpetua as a U.S. source of the critical mineral antimony while advancing a large, high-grade open-pit gold development and restoring an abandoned brownfield site in central Idaho. The financing approval, granted May 21 through the Make More in America Initiative, remains subject to definitive agreements and customary closing conditions, with Perpetua expecting to complete the facility later this year. Meanwhile, the company has already started work on critical infrastructure, including the Burntlog Route, worker accommodations, and administrative facilities, providing a pathway toward its targeted 2029 production start. Federal permits are in place, and court decisions have allowed construction to continue while certain legal matters remain unresolved. Perpetua reported continued advancement of critical-path construction at Stibnite following federal approvals obtained in 2025 and the start of early-stage and priority construction work, <a href="https://perpetuaresources.com/perpetua-resources-provides-construction-update-on-the-stibnite-gold-project-and-exploration-activities/">according to an August 31 release</a>. The company said the latest developments provide shareholders and local communities with a clearer picture of progress at the site. "We continue to see tangible progress at Stibnite," said Jon Cherry, president and chief executive officer of Perpetua Resources. "From the arrival of new infrastructure on site and advancements in equipment fabrication to exciting drilling results, this update demonstrates the momentum, focus, and disciplined execution our team is bringing to the project." Construction is gathering pace across Stibnite. Fabrication of the project's two autoclaves — key long-lead equipment for the processing plant and gold-recovery system — is underway at a specialized European facility, and Perpetua is installing permanent, year-round workforce housing, with about half of the ATCO modular units on site by late August 2026. Work is also advancing on the administrative pad and the Burntlog Route, which the U.S. Forest Service selected as its preferred alternative and which will serve as the primary access road to the remote Idaho site. Exploration activity has accelerated following the substantial mineralization encountered during the winter drilling campaign. Four rigs are currently operating across prospective targets, with approximately 5,800 meters completed out of the newly planned 10,000-meter program. Stibnite combines substantial gold resources with plans to establish a domestic antimony supply chain. Perpetua is simultaneously rehabilitating the existing brownfield area, progressing detailed engineering, and procuring long-lead equipment. President and CEO Jon Cherry said second-quarter activities included the beginning of seasonal construction, continued delivery of worker housing, and exploration that produced encouraging high-grade results. Exploration continues to offer additional growth potential beyond the current mine plans. <a href="https://perpetuaresources.com/wp-content/uploads/July-28-2026-Perpetua-Resources.pdf" target="_blank" rel="noopener">Perpetua's July investor presentation</a> cited an intercept of 49 meters grading 5.42 grams per tonne (g/t) gold at Yellow Pine and another of 106 meters grading 3.16 g/t gold at Hangar Flats, along with historical high-grade results from targets including Garnet and Upper Midnight. The company plans additional step-out and definition drilling during 2026 to extend these mineralized areas and potentially convert inferred resources into higher-confidence categories, although work outside the currently permitted project could require further regulatory approvals. The company is also examining opportunities involving other critical minerals, including tungsten, and is seeking U.S. government backing for evaluation of the potential resource across its land package. Its July presentation identified several additional conceptual exploration targets around existing deposits and airborne anomalies. Market conditions also provide a broader backdrop for the project. The antimony market is projected by Fortune Business Insights to expand from US$1.22 billion in 2026 to US$2.01 billion by 2034, driven by demand from flame retardants and defense applications and the concentration of global supply in China. Tungsten demand is also increasing, with one July market estimate placing the global market at US$6.66 billion in 2026, while ChemAnalyst reported that U.S. tungsten prices stabilized in July as supply tightened and interest in domestic projects grew. Analysts have continued to point to the financing and development progress in their coverage. On June 2, <a href="https://www.streetwisereports.com/article/2026/06/24/central-idaho-gold-antimony-developer-starts-critical-path-construction-as-2-9b-federal-loan-wins-approval.html?utm_medium=feed" target="_blank" rel="noopener">Roth Capital Partners' Mike Niehuser maintained</a> a Buy rating and US$32.00 target, citing the EXIM facility, early construction activity, and further exploration potential at Hangar Flats and Yellow Pine. <a href="https://www.streetwisereports.com/article/2026/05/29/idaho-gold-co-secures-us-2-4b-exim-loan-fully-funding-construction-with-us-494m-buffer.html?utm_medium=feed" target="_blank" rel="noopener">National Bank of Canada Capital Markets' Rabi Nizami reiterated</a> an Outperform rating and CA$55.00 target on May 22, highlighting the funding cushion and 13-year loan term while identifying Stibnite as a potential M&A opportunity because of its size and critical minerals significance. <a href="https://www.streetwisereports.com/article/2026/06/03/americas-only-defense-antimony-mine-ramps-up-construction-activities.html?utm_medium=feed" target="_blank" rel="noopener">BMO Capital Markets' Brian Quast</a> also retained an Outperform rating and CA$47.00 target on May 25, saying the financing is expected to cover direct construction costs. <a href="https://www.tipranks.com/stocks/ppta/forecast" target="_blank" rel="noopener">According to TipRanks</a>, RBC Capital's Josh Wolfson maintained a Buy rating and US$42 target on June 4 (about 70% upside), B. Riley Securities' Soundarya Iyer lowered her target to US$30 from US$40 while keeping a Buy on August 3 (about 22%), and H.C. Wainwright's Heiko Ihle reiterated a Buy at a Street-high US$43.50 on August 18 (about 77% upside). 1The company has 125.1 million shares issued and outstanding. On an undiluted basis, Paulson & Co. owns 25.86%, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) owns 6.4%, and JPMorganChase holds 2.6%. About 46.49% is owned by institutions, about 6.4% by strategic investors, and about 0.57% by insiders and management. The rest is held by retail. The company trades within a 52-week range of CA$23 and CA$51.10 per share, commanding a market capitalization of approximately CA$4.37 billion. <h2 style="text-align: center;">Allied Critical Metals Inc.</h2> Tungsten is exactly the kind of metal the West is racing to source outside China, a defense-critical input whose supply is heavily concentrated there, and <a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener">Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE)</a> is angling to become a Western supplier of it. <a href="https://www.streetwisereports.com/article/2026/08/14/nasdaq-move-puts-this-tungsten-developers-u-s-market-ambitions-in-focus.html?utm_medium=feed" target="_blank" rel="noopener">The company has applied to list its common shares on the Nasdaq Capital Market</a> as it advances its Borralha and Vila Verde tungsten projects in Portugal, a move to broaden its access to U.S. capital as demand for the metal climbs. The listing still depends on meeting Nasdaq's requirements, obtaining the necessary regulatory clearances, and completing the customary process, Allied noted, cautioning that approval or completion is not guaranteed.[OWNERSHIP_CHART-11251] "We believe that a Nasdaq listing will provide us with access to a broader investor base, increased sources of potential capital, increased research coverage from U.S. investment banks, and improved trading liquidity for Allied's common shares as we focus on generating shareholder value by unlocking the potential of the Borralha tungsten project and Vila Verde tungsten project," <a href="https://www.stockwatch.com/News/Item/Z-C!ACM-3851374/C/ACM" target="_blank" rel="noopener">Chief Executive Officer Roy Bonnell said</a>. "We look forward to enhancing our capital markets profile by increasing our investor relations efforts and achieving our strategic objectives." Allied is also pursuing the closing of a US$25-million non-brokered equity financing at US$2.05 per share, alongside a separate US$15-million project-financing facility, involving an existing strategic investor and a new strategic investor, with the current backer reaffirming its commitment to backstop the new participant's investment. The global tungsten market continues to benefit from demand across mining, construction, automotive, aerospace, defense, and industrial applications. <a href="https://www.fortunebusinessinsights.com/tungsten-market-115884" target="_blank" rel="noopener">Fortune Business Insights estimated</a> the market at US$5.43 billion in 2025 and US$5.78 billion in 2026 and projects it could reach US$9.19 billion by 2034, a 6.0% CAGR from 2026 through 2034. Asia Pacific represented 71.64% of the market in 2025, while the growing use of wear-resistant tools and high-temperature components remains an important demand driver. The report stated, "A prominent trend in the market is the rising demand for high-performance wear-resistant tools across the industrial sector." It also cited International Tungsten Industry Association figures indicating that cemented carbides account for roughly 60% to 65% of global tungsten consumption, including cutting and drilling tools and industrial wear components. Ventum Capital Markets analyst Surya Sankarasubramanian reiterated a "Buy" rating on June 18 and lifted the firm's target to CA$2.95 from CA$2.75. His assessment preceded Allied's subsequent disclosure of drilling results from the Venise Breccia. "We like Allied because it offers near-term production potential through Vila Verde and longer-term scale potential through Borralha, where current exploration is poised to augment that potential," he wrote. Diamond Equity Research retained a CA$3.50 valuation in a July 13 company-sponsored research update, when Allied's shares traded at CA$2.30. Analyst Hunter Diamond highlighted the newly identified Venise Breccia as an additional avenue for expanding Borralha's resource base beyond current development assumptions, writing that it "meaningfully enhances Borralha's exploration profile by introducing an additional avenue for future resource growth beyond the assumptions incorporated in the current PEA." The CA$3.50 figure assigns no value to the Venise Breccia, which remains at an early exploration stage and is not yet in a compliant resource estimate. Diamond Equity disclosed that Allied paid US$50,000 for the sponsored research, billed annually. <a href="https://alliedcritical.com/2026/07/16/allied-critical-metals-delivers-strong-first-results-at-santa-helena-with-23-8-metres-of-0-68-wo3-provides-borralha-project-update/" target="_blank" rel="noopener">Allied has begun its 20,000-meter 2026 drilling campaign at Borralha</a>, targeting resource expansion and the possibility of extending the initial 11-year mine plan outlined in the PEA. The company estimates that only about half of the Santa Helena Breccia has been drilled, making the zone and the wider property priorities for continued exploration. Borralha received its Environmental Impact Declaration in January 2026 and is progressing through Portugal's mine-licensing process with APA and DGEG, while Allied currently targets first tungsten concentrate production from the Vila Verde Pilot Plant in Q4 2026 and advances Borralha toward future development. At Vila Verde, Allied is advancing under an experimental mining framework that could permit processing of up to 150,000 tonnes of mineralized material a year until a full mining license follows a feasibility study. Construction of a Vila Verde pilot plant is planned for 2026, with initial tungsten concentrate production targeted for the fourth quarter and capacity that could later expand to 300,000 tonnes a year. The pilot is backed by a binding US$15-million project-financing facility that may be structured as a bond issue or senior secured term loan, and Allied holds a binding five-year offtake agreement covering half of the plant's tungsten concentrate output, subject to a 2026 floor price of US$1,000 per MTU, with provisions allowing purchases by the U.S. Department of War and Portugal's Ministry of Defense. It has also signed a letter of intent with Global Tungsten & Powders in Pennsylvania and continues discussions with other international refiners for the remaining production. 1Allied Critical Metals Inc. has a market cap of CA$388.15 million, with 184.21 million shares outstanding. The company's 52-week range is CA$0.33-CA$2.48. Institutions own 16% of shares, while Management and Insiders own 31%. The remaining 53% of shares are held by Retail. <h2 style="text-align: center;">Seabridge Gold Inc.</h2> <a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE)</a> carries the same profile at the largest scale: one of the world's biggest gold-copper projects, permitted for construction, that needs capital to build — and is now lining it up. <a href="https://www.streetwisereports.com/article/2026/08/17/gold-developer-advancing-major-bc-gold-copper-project-releases-report-finances.html?utm_medium=feed" target="_blank" rel="noopener">In its financial and management filings for the three and six months ended June 30</a>, reported earlier in August, the company highlighted continued progress on the 2026 KSM field program and preparations for the feasibility study, and disclosed access to a US$100 million short-term credit facility as it negotiates a potential earn-in joint venture with a preferred partner, a structure designed to fund construction without diluting shareholders. During the period, Seabridge also issued its 2025 Sustainability Report, completed the Courageous Lake spin-out, and received the Smithers Resource and Mining Excellence Award, while the British Columbia Supreme Court upheld the province's "Substantially Started" determination for KSM as reasonable but directed additional consultation with the Tsetsaut Skii km Lax Ha.[OWNERSHIP_CHART-700] Seabridge posted net income of US$117.5 million, or US$1.08 per share, for the second quarter, compared with US$12.3 million, or US$0.12 per share, a year earlier, with the increase largely stemming from gains tied to the Courageous Lake distribution. The company invested US$32.5 million in mineral interests, property and equipment during the quarter, compared with US$21.1 million in the same period of 2025, while net working capital declined to US$53.6 million from US$109.8 million at the end of last year. The newly established financing provides Seabridge with up to US$100 million that it can access in minimum US$10 million increments to support KSM's ongoing work. The facility carries a 7% interest rate compounded monthly, with interest capitalized until its Dec. 31, 2026, maturity date, and the company can repay it in cash or, subject to applicable conditions and Toronto Stock Exchange approval, settle the balance with common shares. Seabridge said it had not drawn on the facility when it announced the arrangement, but expects to use it as needed to strengthen liquidity. Stonegate Capital Partners analyst Dave Storms said on Aug. 20 that Seabridge's second-quarter 2026 results improved the outlook for advancing and funding KSM. He viewed the US$100 million unsecured short-term loan as another indication of confidence in the project, and considered the quarterly earnings less meaningful because the net income largely reflected a one-time gain from the Courageous Lake distribution. Storms identified KSM as Seabridge's primary potential catalyst for a valuation reset, with the most important developments focused on creating a new ownership and financing structure rather than expanding the resource estimate. Activities at five camps support the geotechnical, metallurgical, geochemical, and environmental work required for the feasibility study. KSM remains on schedule, with UTCAR 40% complete, TCT construction expected to finish in the fourth quarter of 2026, and the feasibility study still planned for the second half of 2027. Storms added that regulatory matters have not interfered with the project's work programs. For his valuation, Storms applied an EV/NAV range of 0.8x to 0.9x, resulting in values between US$63.97 and US$72.37 and a midpoint of US$68.17. His EV/In-Situ methodology produced a range of US$61.49 to US$83.07 using multiples of 6.0x to 8.0x, with a resulting price target of US$72.28. Cantor Fitzgerald analyst Mike Kozak on July 20 described the financing as moderately positive because it gives Seabridge more capacity to fund feasibility-stage work at KSM while pursuing a joint venture intended to enhance the project's value without immediately diluting shareholders. He continued to expect a JV transaction in 2026 and suggested that the short duration of the facility and identity of its strategic backer could point to a potential deal announcement before year-end. Kozak retained his Buy rating and CA$66 price target, which implied approximately 115% upside when his report was issued. "The company's flagship 100%-owned KSM project is among the world's largest development-stage gold-copper projects," Kozak noted. "It is permitted to commence construction and is scoped to produce +1.0 MMoz Au (million ounces gold)/year (plus by-products) over a multi-decade mine life." RBC Capital Markets analyst Josh Wolfson maintained an Outperform rating and US$71 target on June 4, implying roughly 108% upside from Seabridge's US$34.05 closing price that day. Separately, <a href="https://www.tipranks.com/stocks/sa/forecast" target="_blank" rel="noopener">TipRanks reported</a> that B. Riley Securities analyst Soundarya Iyer kept a Buy rating while reducing the firm's target to US$40 from US$65. 1As for Seabridge, management and insiders hold approximately 2% of the company, while institutions own about 59%. The remainder is held by retail investors. There are around 107.87 million shares outstanding, with the company having a market cap of CA$4.88 billion and trading within a 52-week range of CA$22.19 to CA$50.77. <h2 style="text-align: center;">Common Investor Questions</h2> What is the core problem this story identifies? A deepening shortage of skilled workers across the mining industry, driven by a wave of retirements at one end and too few new entrants at the other, just as record metal prices and surging critical minerals demand push companies to build. As McEwen put it, "there's an intense competition for labor right now." How severe is the shortage in Canada? MiHR's 2026 Canadian Mining Labor Market Outlook projects the sector will need to hire about 246,000 workers through 2035 under its baseline scenario, ranging from roughly 161,000 in a downturn to nearly 329,000 in an expansion. Strikingly, about 86% of that need comes simply from replacing departing workers rather than growth, and MiHR expects nearly half of all hiring requirements to be hard to fill as demand peaks around 2027. And in the United States? The pipeline is thinning fast. CSIS found that more than half the U.S. mining workforce, roughly 221,000 workers, will need to be replaced by 2029, against just 327 mining-and-mineral-engineering degrees awarded in 2020 and a drop in U.S. programs from 25 in 1982 to 15 in 2023. Washington has responded: in August 2026, the Trump administration announced more than US$180 million for mining education, and the Mining Schools Act of 2025 is moving through Congress. Why does a labor shortage matter to investors? It compounds an already high-cost, slow-to-build business. Gold producers' all-in sustaining costs averaged US$1,785 per ounce in the first quarter of 2026, up 16% and the 28th straight annual increase, according to the World Gold Council. In that environment, the edge goes to companies with the capital, permits, and people to actually deliver, rather than those still trying to line them up. Which companies does the article highlight, and why? Three that fit that profile. Perpetua Resources Corp. has its final federal permit for the Stibnite gold-and-antimony project in Idaho and a US$2.9 billion EXIM loan approval toward building it, with antimony a defense-critical mineral. Allied Critical Metals Inc. is advancing its Borralha and Vila Verde tungsten projects in Portugal, another defense-critical metal, with a defense-linked offtake and a Nasdaq listing application. Seabridge Gold Inc. holds one of the world's largest gold-copper projects, KSM, permitted for construction and now funded through year-end via a US$100 million facility. What do analysts think of these names? All three carry bullish coverage. Perpetua holds a Strong Buy consensus with targets to a Street-high US$43.50 (H.C. Wainwright). Seabridge draws Buy and Outperform ratings, including Cantor Fitzgerald's CA$66 and RBC's US$71. Allied has a Buy from Ventum at CA$2.95 and a CA$3.50 valuation from Diamond Equity Research, the latter company-sponsored. <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, Allied Critical Metals, and Seabridge Gold are billboard sponsors of Streetwise Reports. The companies pay a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Allied Critical Metals and Seabridge Gold.</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=32373"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32373" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, PPTA:TSX; PPTA:NASDAQ, SEA:TSX; SA:NYSE, ) Fri, 04 Sep 2026 00:00:00 PST A Master of Understatement https://www.streetwisereports.com/article/2026/08/31/a-master-of-understatement.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/a-master-of-understatement.html?utm_medium=feed">Michael Ballanger 08/31/2026</a> Michael Ballanger of GGM Advisory Inc. shares his thoughts on the market after Warsh's Jackson Hole speech on Friday.On Friday, in a setting providing a deliberate contrast between a rustic, exposed-wood environment and high-stakes global finance, featuring a lodge with massive, 60-foot floor-to-ceiling panoramic windows that frame a direct view of the Teton Mountain Range and the Snake River, Fed Chairman Kevin Warsh addressed the usual throng of billionaire investors, hedge fund managers, Wall Street strategist, and several hundred reporters all clamouring to get the "scoop" as to forward guidance concerning the Fed's monetary policy. Instead of the perfunctory business attire of suits, jackets, and ties, the uniform of the attendees was strictly western-casual, with officials frequently conducting interviews on the outdoor deck wearing flannel or fleece jackets. Unfortunately, after thirty years of forward "front-running", the reporters were having an extremely tough time allowing the new Warsh (and Fed) directive to permeate their skulls, which was, essentially, nothing. Warsh clearly enunciated in his first address to the media after being appointed that "forward guidance" is out. Gone. Overboard, Kaput. As a result, reporters took to their laptops trying feverishly to conjure up a clickbaiting narrative to conform to the mundane ramblings of the Fed head, but they found themselves increasingly frustrated because the Fed chairman simply repeated what he has been opining since he took office, and that was reinforcement of a hawkish focus on inflation while signaling nothing. He inferred a shift toward a quieter central bank that relies on "structural realities" rather than reacting to single monthly reports, while leaving the door open for future interest rate increases. The bond market remained essentially unchanged after the speech, which has to have the employers of all these financial reporters now trying to rationalize the cost of sending a team of three to five people to a function in a remote part of the U.S. West, only to come home with no story and a number of mosquito bites. It is estimated that to send one individual from London (U.K) to Jackson Hole would cost around ₤6,000 or about US$8,135, so assuming a reporter, a cameraman, and one assistant, that is US$24 grand to listen to Warsh make what has to be the "understatement of the century", that being that "money matters". The master of opening one's mouth and saying nothing was former Fed Chairman Alan Greenspan, who, in response to a question from a member of Congress, replied: "If I seem unduly clear to you, you must have misunderstood what I said." Brilliant. Simply brilliant. However, Kevin Warsh actually outdid "the Maestro" by telling these highly-respected journalists that the US$40 trillion owed by his governments now representing US$1 trillion of interest payments (larger than the defense budget) actually "matters " because, as the late Senator Everett Dirksen once said ""A billion here, a billion there, and pretty soon you're talking real money." Only now we insert "trillion" for "billion", and we must be talking "ultra-real money". I have never been a fan of the Fed, nor have I ever been a fan of charlatans masquerading as politicians, but after watching the non-plussed looks on the faces of the Jackson Hole attendees, I am actually starting to warm up to this Warsh character. He is refreshingly candid in his approach to the role of Fed chairman, and I suspect there is a reason for that. When I look at photos of other Fed chairpersons, such as Greenspan, Bernanke, Yellen, and Powell, there is not one who was an accomplished athlete in earlier phases of life. They never performed in front of hundreds or thousands of spectators until they became famous, so once they found themselves in the spotlight with cameras trained on their every expression, gesture, or inference, they actually associated that with achievement in the same manner that a jock would. That explains their constant need to be revered by the financial world. Contrast that with Kevin Warsh, who was a competitive athlete in his youth, primarily excelling in tennis. While he is now known for his towering presence in global finance, his early background includes competitive school sports. Growing up in Loudonville, New York, Warsh was a standout tennis player, making his way onto the varsity tennis team at Shaker High School as early as middle school. He eventually advanced all the way to the New York State Championships during his high school career. In addition to tennis, he played competitive soccer and basketball during his high school years. Well done, Kevin… This man enjoyed the limelight of athletic achievement at an early age, and while he does not lack competitive spirit and drive, recognition by the masses in front of a camera in no way becomes an addictive narcotic controlling his every move and agenda. He appears to me to be focused exclusively on the task at hand, which is 2% inflation with nary a concern for the price of Nvidia Corp. (NVDA:NASDAQ) or the level of the S&P 500. Now that is my kind of Fed chairman. <h2 style="text-align: center;">Precious Metals</h2> The precious metals markets are acting far better than at any time since late January, when it became all too apparent that, led by silver, they were forming an impending "blow-off top" which I wrote about numerous times and acted upon twice, finally getting it right on the third shorting attempt after nearly getting my face ripped off in late December and early January. Dodging any mania-driven bullet is tough at the worst of times, but shorting silver last December-January was like trying to short Tesla Inc. (TSLA:NASDAQ) in 2023 during its moon shot from US$100 to US$500 per share or Cisco Systems (CSCO:NASDAQ) back during the dotcom bubble of the late 90's. If you were not terribly careful in those two runs and were just stupid enough to think that the delusion of crowds cannot last forever, then you got steamrolled into embarrassment, insolvency, and abject terror all in one fell swoop. I tried the same earlier this year with the semiconductors, and while they are finally starting to correct trading some 22% from the all-time high, expiring put options in my P&L statement were pulling down returns until my beloved Freeport-McMoRan Inc. (FCX:NYSE) finally rescued me last week with a move through $80 and an all-time high. However, that is all history now, and for me, the balance of 2026 looks promising, but only after we get through the month of September without anything going seriously awry, which it might, and usually when one least expects it. I yammered away for the better part of late July and most of August, how the only way I would call a bottom for gold and silver was if we could get a 2-day close for gold above the "convergence zone" between the 100-dma and 200-dma, which for spot gold was $4,427 to $4,593. For the GLD:US (my preferred trading proxy for gold), that zone was bounded by US$402.67 and US$414.80. Last week, I got that 2-day close, so theoretically, the ensuing spike to US$430 set up an overbought condition that I told subscribers should not be chased. Accordingly, we stood aside and avoided the sudden bullish wave that swept over the Twitterverse and the blogosphere with every podcaster and his pet poodle calling once again for "US$10,000 gold!" and "US$300 silver by summer!" (except that in three weeks, summer will be over). Oops! <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683190833_Picture7.png" alt="" width="624" height="375" /> Traditional technical analysis dictates that "former resistance becomes current support through a market phenomenon known as 'role reversal', which occurs when an asset's price breaks decisively above an established ceiling (resistance), turning that old ceiling into a new floor (support)". It further states that "Former resistance becomes current support through a technical analysis phenomenon known as role reversal (or a "flip zone"), which occurs when an asset's price decisively breaks above a previous price ceiling. Once breached, that old resistance level transitions into a new floor that prevents the price from falling lower". While that has been the case since last week for gold, silver failed to do so as its resistance band ("convergence zone") was in the US$68.34-71.43 range for spot and while it has been moving toward an overbought condition, prices could only just touch the upper realm of the band but failed to better that level of US$71.43, peaking this morning (Friday) at US$71.16. Since the Wash speech, gold has collapsed over US$150 and silver by US$2.41, so gold has now moved back down and well into the "convergence zone," which has now become support unless, of course, silver's inability to break out along with gold represents a "non-confirmation" of the entire move. From the chart of GLD:US shown below, that big red candle is blatantly bearish, but if one adheres to the tenet that "past resistance must become current support" (once the breakout is achieved), then we should be buyers of gold and of the HUI:US and a basket of one's favorite gold miners along with it. If this were any other period than the end of August and about to enter the ominous month of September, I would probably start accumulating. Furthermore, if silver had already broken out of its "convergence zone", I might be taking out a leveraged long position in silver or gold. Since September starts next Tuesday and since silver has not yet confirmed, it is a far safer bet to await the HUI:US correcting back to its "convergence zone" in the 728-749 range, which is about 105 lower than today's price. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683190900_Picture8.png" alt="" width="624" height="472" /> Notwithstanding the fact that I had a bunch of GLD:US puts designed as a hedge against drawdown in my portfolio of junior metals explorer/developers that expired last Friday, today's drop in GLD:US is maddening and frustrating. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683190920_Picture9.png" alt="" width="624" height="472" /> There is a fairly large gap between the last trade at 837 and the top end of the "new floor," so the "Prudent Man Rule" must take precedence over the "Wild-Eyed Speculator Rule" for at least the very near term. <h2 style="text-align: center;">Juniors</h2> There are two trading sessions left until the arrival of September and six trading sessions left until Labor Day, so that is the window of opportunity that arrives with impunity each and every year, providing investors with a terrific buying opportunity for their favorite juniors. As we move into month-end and are forced to get the sand and suntan lotion off our bronzed bodies (I wish…), it is important to remember how the metals are faring on a year-to-date basis. As you can see from the chart shown below, copper is by far the star performer, with an annual return almost triple that of gold and far above silver, which remains negative for the year. The juniors I own in both the Portfolio and Trading accounts mirror this, with my largest holding being junior copper developer/explorer Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQX) as my top pick and largest position, but joined by blue-chip copper-gold producer Freeport-McMoRan, which has treated us wonderfully recently and over the past four years. Also beefing up the junior copper holding is <a href="https://www.streetwisereports.com/pub/co/11448?utm_medium=feed" target="_blank" rel="noopener">Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB)</a>, which has been struggling lately but remains a high-potential "Special Situation" for the near-term. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683190948_Picture10.png" alt="" width="624" height="278" /> Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) remains my largest precious metals position, but it is being chased closely by the recent private placement in Grafton Resources Inc. (GFT:CSE; PMSXF:OTC), whose management team is busy amassing an enviable portfolio of gold-silver projects in Chile. Lastly, my silver exposure is <a href="https://www.streetwisereports.com/pub/co/11042?utm_medium=feed" target="_blank" rel="noopener">Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB)</a>, which has been very successful in its exploration efforts in Canada's Yukon Territories with special focus on the Haldane project, located proximate to the legendary Keno Hill Silver District. Both portfolios have allocations in line with the 2026 performance for all three metals. I am vastly overweight copper, market weight gold, and slightly underweight silver. While this could change dramatically if silver starts to reassert command as it did late last year, I will be more than ready to shift allocations should that occur. However, I will not be changing the copper weightings as the fundamental picture remains powerfully bullish for the balance of the decade. <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>Green Bridge Metals and Silver North are billboard sponsors of Streetwise Reports. The companies pay a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nvidia Corp., Tesla Inc., Fitzroy Minerals, Green Bridge Metals, Getchell Gold Corp., Grafton Resources, and Silver North Resources Ltd.</li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals, Freeport-McMoRan, Green Bridge Metals, Getchell Gold, Grafton Resources, GLD, and Silver North Resources. 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">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=32369"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32369" width="0" height="0"> Mon, 31 Aug 2026 00:00:00 PST BC Gold Explorer Confirms 600m Whopper Zone Strike at Big One https://www.streetwisereports.com/article/2026/08/31/bc-gold-explorer-confirms-600m-whopper-zone-strike-at-big-one.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/bc-gold-explorer-confirms-600m-whopper-zone-strike-at-big-one.html?utm_medium=feed">Streetwise Reports 08/31/2026</a> Juggernaut Exploration confirms the Whopper Zone over 600 meters strike and 580 meters depth at its Big One property in British Columbia, with assays pending and drilling ongoing. Retail investors can review key drill intercepts and next steps.Juggernaut Exploration Ltd. (JUGR:TSX.V) reported <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/August-27-2026_JUGGERNAUT-NEWS-RELEASE.pdf" target="_blank" rel="noopener">initial observations from its maiden drill program at the 100%-controlled Big One property in British Columbia's Golden Triangle, where drilling confirmed the Whopper Zone over 600 meters of strike and to a depth of 580 meters.</a> <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/August-27-2026_JUGGERNAUT-NEWS-RELEASE.pdf" target="_blank" rel="noopener"> The zone remains open laterally and at depth.</a> <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Drilling intersected quartz-sulphide veins and shears up to 20.24 meters wide, containing pyrite, sphalerite, galena, and chalcopyrite, visually similar to surface samples that reached 44.76 g/t AuEq.</li> <li>The Whopper Zone has now been traced more than 600 meters along strike and 580 meters vertically, with additional zones such as Big Mac also identified.</li> <li>The fully funded 2026 program was expanded 30 percent to roughly 13,000 meters, with two rigs operating until mid to late September.</li> <li>Gold, silver, and copper prices have risen sharply this year amid supply concerns and macroeconomic factors, providing a supportive backdrop for exploration results.</li> <li>Institutional ownership stands at 10.67 percent while the company maintains a modest market capitalization relative to its land position.1</li> <li>Multiple targets within the larger Eldorado System remain untested, with more than 95 percent of the 40,861-hectare property still unexplored.</li> </ul> <h2 style="text-align: center;">Why the Confirmation Matters for Retail Investors</h2> Visible mineralization in multiple holes lines up with high-grade surface samples and channel cuts, giving investors an early indication of continuity before laboratory assays arrive, <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/August-27-2026_JUGGERNAUT-NEWS-RELEASE.pdf" target="_blank" rel="noopener">President and COO Manuele Lazzarotto said in the company news release.</a> The company emphasized that both the Whopper and Big Mac zones appear part of a larger district-scale system. <h2 style="text-align: center;">Company Position and Technical Advantages</h2> Juggernaut holds a five-year drill permit valid until March 2031, allowing systematic testing of depth and geometry. An independent petrographic study confirmed free-milling gold grains up to 150 microns and a magmatic fluid source for the gold-silver-copper mineralization. The Eldorado System covers roughly seven by four kilometers and hosts more than 400 mineralized veins. <h2 style="text-align: center;">Key Assets and Near-Term Catalysts</h2> Drill holes such as BO-26-17 cut 20.24 meters of quartz-sulphide veins, while BO-26-11 intersected 13.08 meters containing massive pyrite and semi-massive sphalerite. Additional mineralized shear zones were noted above and below the main intercepts. <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/Corporate-Presentation-Juggernaut-Aug2026_v1.1.pdf" target="_blank" rel="noopener">The corporate presentation</a> outlines several drill-ready zones, including Gold Dome, Gold Swarm, and Big Mac, each with channel samples returning multi-gram gold values. <h2 style="text-align: center;">Broader Sector Timing and Metal Prices</h2> <a href="https://www.forex.com/en-sg/news-and-analysis/gold-outlook-bond-market-concerns-keep-precious-metals-supported/" target="_blank" rel="noopener">According to an August 24 analysis by Fawad Razaqzada</a>, gold reached US$4,680 per ounce amid a softer dollar and lower expectations for further rate hikes. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics data on August 31 showed gold at US$4,451.06 per ounce</a>. <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Silver was at US$67.167 per ounce on August 31</a>. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">By August 31, Trading Economics reported copper at US$6.5686 per pound</a>. <a href="https://www.tradingview.com/news/smallcaps:d4ff38f1d094b:0-the-weekly-finger-grains-gone-wild-the-copper-squeeze-nobody-s-pricing-in-and-the-bond-market-story-tying-it-all-together/" target="_blank" rel="noopener">An August 30 report in The Weekly Finger</a> highlighted declining production among major copper miners and rising demand tied to AI infrastructure. <h2 style="text-align: center;">Newsletter Writer and Market Context</h2> Newsletter writer Chen Lin highlighted the visual similarity between drill core and surface samples grading up to 44.76 g/t AuEq, noting the 20-meter intercepts as promising ahead of assay results. The expanded drill program continues with initial assays expected after compilation and interpretation. <h2 style="text-align: center;">Share Structure and Upcoming Events1</h2> Juggernaut maintains a CA$67.67 million market capitalization with 50.13 million shares outstanding. Institutional ownership is 10.67 percent, and insider ownership is 0.11 percent. [OWNERSHIP_CHART-9609] Two rigs remain active on the largest veins within the Eldorado System. <h2 style="text-align: center;">Common Questions from Investors</h2> What has Juggernaut confirmed at the Whopper Zone? Drilling has traced the zone 600 meters along strike and 580 meters vertically, remaining open in both directions, with quartz-sulphide veins up to 20.24 meters wide. When will assay results be available? Initial assay results will be released after receipt, compilation, and interpretation, with drilling planned to continue with two rigs until mid to late September 2026, weather permitting. How large is the overall land package? The Big One property covers 40,861 hectares. Approximately 95 percent of the property was identified as unexplored in the company's November 2025 corporate presentation. What is the current drill permit status? A five-year permit valid until March 31, 2031, allows continued definition of mineralization at depth and preparation for a potential future resource estimate. Retail investors should monitor upcoming assay releases and the extent of additional mineralized zones within the Eldorado System as drilling progresses. [SMNLINSERT]Important Disclosures:<ol> <li>Jordan Nova 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=32367"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32367" width="0" height="0"> ( Companies Mentioned: JUGR:TSX.V, ) Mon, 31 Aug 2026 00:00:00 PST Sinaloa Silver-Gold Explorer Secures Zamora Access for Drilling https://www.streetwisereports.com/article/2026/08/31/sinaloa-silver-gold-explorer-secures-zamora-access-for-drilling.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/sinaloa-silver-gold-explorer-secures-zamora-access-for-drilling.html?utm_medium=feed">Streetwise Reports 08/31/2026</a> Mercado Minerals advances Zamora permitting after signing a key community agreement in Sinaloa. Silver prices remain elevated as the junior explorer readies multiple targets.Mercado Minerals Ltd. (MERC:CSE; MRMNF:OTCQB; M2R:FSE), through <a href="https://www.mercadominerals.com/news-releases/mercado-minerals-signs-community-access-and-exploration-agreement-with-local-ejido-at-zamora-0826" target="_blank" rel="noopener">its wholly owned subsidiary Concordia Silver Company S.A. de C.V., entered into a community access and exploration agreement with Ejido Rincon de Ibonia covering a portion of the Zamora property and surrounding area in Sinaloa, Mexico.</a> The agreement marks a key step toward drilling at the undrilled Campanillas area and positions the company to commence the drill-permitting process. <h2 style="text-align: center;">Why the Zamora Agreement Matters Now</h2> Silver prices have posted sharp gains, with <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics data on August 31 showing silver at US$67.167 per ounce.</a> The same data set placed gold at US$4,451.06 per ounce, up 27.99 percent on the same day. Higher prices improve the economics of early-stage silver-gold projects in Mexico and give juniors with permitting progress a clearer path to value creation. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Mercado signed a community access agreement that opens the door to drill permitting at the Campanillas target on the Zamora project.</li> <li>Historic surface samples at Campanillas reached 14,561 g/t silver and 15.53 g/t gold, though these results remain unverified by the company's qualified person.</li> <li>Phase I drilling at the Copalito project returned multiple high-grade silver-equivalent intercepts across seven vein structures.</li> <li>Silver and gold prices have risen sharply year over year, supporting the broader precious-metals sector.</li> <li>Paydirt writers maintained a Strong Buy rating with a market capitalization of nearly CA$11 million at the time of their report.</li> <li>Management and insiders hold 6.5 percent of shares while strategic investors hold 27.9 percent.1</li> </ul> <h2 style="text-align: center;">Company Position and Project Portfolio</h2> Mercado controls two primary silver-gold assets in Sinaloa: the more advanced Copalito project and the earlier-stage Zamora project. The company has completed its inaugural 3,000-meter diamond drill program at Copalito and is now focused on securing full access and title at Zamora. <h2 style="text-align: center;">Assets and Next Catalysts</h2> At Zamora, the company is conducting prospecting, mapping, and sampling to prepare concessions for reinstatement to good standing while advancing the Campanillas area, <a href="https://www.mercadominerals.com/news-releases/mercado-minerals-signs-community-access-and-exploration-agreement-with-local-ejido-at-zamora-0826" target="_blank" rel="noopener">CEO and Director Daniel Rodriguez said in the company news release.</a> The annual access fee is 100,000 Mexican pesos with a one-year renewal option and an additional 3,000 Mexican pesos per drill pad. At Copalito, the company has expanded the known vein inventory from six principal veins covering eight kilometers to eight principal veins covering 11 kilometers. Phase II work is expected to test the 1,150-meter Renata Vein, expand higher-grade zones at El Agua and El Pilar, and follow up on soil anomalies. <h2 style="text-align: center;">Sector Timing and Precious-Metals Backdrop</h2> <a href="https://www.forex.com/en-sg/news-and-analysis/gold-outlook-bond-market-concerns-keep-precious-metals-supported/" target="_blank" rel="noopener">According to an August 24 analysis by Fawad Razaqzada,</a> gold had climbed as high as US$4,680 per ounce amid a weaker U.S. dollar and concerns over U.S. debt sustainability. Silver benefits from both industrial demand in solar and electronics and its role as a monetary metal. <h2 style="text-align: center;">Views and Valuation Context</h2> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/metals-keep-pushing-higher-and-our-stocks-are-making-moves/#mm" target="_blank" rel="noopener">According to an August 27 report by Jeff Clark, Daniel Flynn, and Sharyn Alexander of Paydirt,</a> the firm maintained a Strong Buy recommendation after the Copalito update. Shares had risen 60 percent since the prior Copalito news at the time of the report. <a href="https://aheadoftheherd.com/mercado-acquiring-district-scale-land-package-in-san-dimas-mining-district-mexico-richard-mills/" target="_blank" rel="noopener">Richard Mills also covered Mercado's proposed expansion in a June 7 report,</a> highlighting the planned acquisitions in the San Dimas district and early Copalito drill results. <h2 style="text-align: center;">Share Structure and Near-Term Events1</h2> Mercado Minerals Ltd. has a market cap of approximately CA$9.49 million with approximately 76 million shares outstanding. The 52-week range is CA$0.075-CA$0.49. Management and insiders own 6.5 percent, strategic investors own 27.9 percent, and retail investors hold the remaining 65.6 percent. [OWNERSHIP_CHART-11572] <a href="https://www.mercadominerals.com/_files/ugd/a9ffcd_7af0fcef357b4fc79aad3ee630b46921.pdf?index=true" target="_blank" rel="noopener">Mercado's July 2026 investor presentation</a> outlines surface sampling through the fourth quarter of 2026 and drill-target generation extending into the first quarter of 2027. Retail investors should monitor progress on the remaining Zamora access agreements and the release of final Phase I assays from Copalito as the next potential share-price catalysts. <h2 style="text-align: center;">Common Questions from Investors</h2> What is the Zamora community access agreement? The agreement with Ejido Rincon de Ibonia covers part of the Zamora property and allows Mercado to begin the drill-permitting process for the Campanillas area. What were the highest historic sample grades at Zamora? Historic sampling at Campanillas returned up to 14,561 g/t silver and 15.53 g/t gold. These results have not been independently verified by the company's qualified person. What is the status of drilling at Copalito? Phase I drilling, totaling 3,000 meters across 25 holes, is complete. Phase II planning is underway and will test additional vein extensions and the new Renata Vein. How have silver prices performed recently? Silver traded at US$67.167 per ounce on August 31, up 64.93 percent year over year, according to Trading Economics data. <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> Jordan Nova 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=32366"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32366" width="0" height="0"> ( Companies Mentioned: MERC:CSE;MRMNF:OTCQB;M2R:FSE, ) Mon, 31 Aug 2026 00:00:00 PST Power Metallic Mines: A Polymetallic District Hiding in Plain Sight Between Nisk and Lion https://www.streetwisereports.com/article/2026/08/31/power-metallic-mines-a-polymetallic-district-hiding-in-plain-sight-between-nisk-and-lion.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/power-metallic-mines-a-polymetallic-district-hiding-in-plain-sight-between-nisk-and-lion.html?utm_medium=feed">Mike Sheikh 09/01/2026</a> Mike Sheikh shares his thoughts on Power Metallic Mines Inc. (PNPN:TSXV; PNPNF:OCTQB) as it awaits the unveiling of its NI-43-101 resource estimate.Power Metallic Mines Inc. (PNPN:TSXV; PNPNF:OTCQB) is quietly assembling what looks like one of the most compelling high‑grade polymetallic stories in the critical metals space. All market participants have to do is look at the resource map of the Nisk and Lion deposits and simply connect the dots. What lies underneath is 5km of untested potential that could make this one of the largest polymetallic stories in the world. This could be the highest-grade Copper and PGE discovery in the world. Right now, they have three high-grade copper veins that rank in the top five in the world. That's just a talking point because the real story is the near-term catalyst that the world's smartest mining investors like Friedland, McEwen, Rhinehart, and Sprott have already connected the dots on. The unveiling of the NI-43-101 resource estimate is imminent, which has the potential to catapult the stock price. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683170213_Picture1.jpg" alt="" width="624" height="488" /> <figcaption>Source: Power Metallic</figcaption> </figure> <h2 style="text-align: center;">Geological Origin Mimics the Norilsk-Talnakh (Russia)</h2> The geologist behind Power Metallic is Steve Beresford, and his <a href="https://www.linkedin.com/in/steve-beresford-10008214/" target="_blank" rel="noopener">life's mission</a> appears to be finding the next Norilsk-Talnakh, which is a Russian mine with a copper-rich sulfide ore that contains other precious metals, including gold, silver, palladium, and platinum. The Lion mine resembles a potential copper-rich Norilsk-style magmatic sulphide discovery in metal composition. Is this the next Norilsk? Only time will tell, but it's off to a good start when you look at how the drilling program has evolved and how the infill and step-out drilling have significantly defined and expanded the mineralized system ahead of the initial resource estimate. When Beresford joined in 2024, he was looking to "transform the NISK into a polymetallic deposit," but he's been on the hunt all his life for the "<a href="https://www.youtube.com/watch?v=2hxWbW2NVdc" target="_blank" rel="noopener">Trillion Dollar Deposits,</a>" and he believes they are "overlooked and in plain sight." There's probably a good reason why he picked this team and this resource. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683170420_Picture2.jpg" alt="" width="1000" height="673" /> <h2 style="text-align: center;">Norilsk-Talnakh Setting the Bar</h2> Using napkin math and the 2021 reserve inventories, we know that Norilsk contains 1.5Bt of rock, of which 11.2 Mt Ni, 11.2 Mt Cu, and 231.7 Moz Platinum Group Metals (PGMs). Assuming spot metal prices here, this is what the value of the Norilsk reserve could be worth. It's worth noting that PNPNF's Geologist Steve Beresford went on record in 2022 and estimated that the in situ value was US$1.4 trillion (2020). So these napkin math numbers are extremely conservative. <table width="592"> <tbody> <tr> <td width="73"> Metal </td> <td width="170"> Contained quantity </td> <td width="180"> Illustrative price </td> <td width="169"> Gross in-situ value </td> </tr> <tr> <td width="73"> Nickel </td> <td width="170"> 11.2 Mt </td> <td width="180"> US$16,000/t </td> <td width="169"> US$179 billion </td> </tr> <tr> <td width="73"> Copper </td> <td width="170"> 11.2 Mt </td> <td width="180"> US$9,500/t </td> <td width="169"> US$106 billion </td> </tr> <tr> <td width="73"> PGMs </td> <td width="170"> 231.7 Moz </td> <td width="180"> US$1,300/oz blended </td> <td width="169"> US$301 billion </td> </tr> <tr> <td width="73"> Total </td> <td width="170"> — </td> <td width="180"> — </td> <td width="169"> US$586 billion </td> </tr> </tbody> </table> Investors looking for other comparison metrics should know that the Norilsk-Talnakh mine is roughly 16.5 km². Now here is the cool part: if you are an investor inclined to think there is something between the two points. Power Metallic's Nisk–Lion–Tiger project area is about 330 km². If this is a consistent orebody, the napkin just isn't big enough for what is coming. This orebody has been underestimated from the beginning. When it was first discovered in 2024, the VP of Exploration, <a href="https://mining.com.au/power-nickel-makes-new-polymetallic-discovery/" target="_blank" rel="noopener">Kenneth Williamson,</a> thought "the system starts essentially at the surface and goes down to 275 meters," but the latest <a href="https://www.youtube.com/watch?v=47K2ZeQN2ac" target="_blank" rel="noopener">update</a> puts the depth at 700-800 meters. <h2 style="text-align: center;">From Single Deposit to District‑Scale System</h2> What began as a straightforward high‑grade nickel sulfide play has evolved into a district‑scale, multi‑commodity system with copper, platinum group metals (PGMs), gold, silver, and nickel. The metallurgy of processing the ore works because they are sitting on very valuable existing infrastructure that places them near a highway, an airport, a power plant, an ample water supply, and a labor force. Add to this the unimaginable tax credits that derisk the project even more. Nisk is the original orebody, which is a high‑grade class‑1 nickel sulfide deposit in Quebec's James Bay region. It has a filed NI 43‑101 resource of roughly 4.9 million indicated tonnes grading 0.78% nickel, 0.05% cobalt, 0.42% copper, and 0.78 g/t palladium, plus additional inferred tonnage. That equates to around 38,300 tonnes of nickel, 2,400 tonnes cobalt, 20,500 tonnes copper, and 123,100 ounces of palladium in the indicated category alone — a solid foundation for any future nickel operation. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683170654_Picture3.png" alt="" width="1000" height="521" /> <figcaption>Source: Power Metallic</figcaption> </figure> The real inflection point came when Power Metallic followed the orebody out roughly 5 km along the same ultramafic trend and hit the Lion Zone. This was a near‑surface, high‑grade polymetallic discovery whose copper‑equivalent grades rival some of the best deposits globally. Infill drilling at Lion during the <a href="https://www.powermetallic.com/power_metallic_intercepts_17_45_meters_of_9_47_percent_cueqrec_in_hole_26-094_and_39_meters_of_5_66/" target="_blank" rel="noopener">winter 2026 drill</a> campaign delivered multiple thick intersections with multi‑percent copper, double‑digit grams per tonne PGMs, payable gold and silver, and appreciable nickel. One representative hole (PML‑26‑094) returned 17.45 m at 9.47% CuEq, 7.07 g/t Pd, 3.11 g/t Pt, 0.53 g/t Au, 23.76 g/t Ag, and 0.23% Ni, that included 6.3 m at 17.91% CuEq while a slightly deeper hole (PML‑26‑101) delivered 39 m of 5.66% CuEq that included 9.2 m at 15.18% CuEq with very high PGM grades. When those metals are converted to copper equivalent, length‑weighted averages across the zone come in around 7–10% CuEq, with more than 100 intersections above 4.24% CuEq over thicknesses greater than 11 m. For context, those are "elite tier" grades that materially lower capital investment and drive very high operating margins. There is a 5km ultramafic corridor that holds the potential of a continuation of the orebody between the two points. The company's July 2026 corporate deck highlights a dedicated 2,000m program targeting the "virgin ground" between the two discoveries, with management emphasizing that there are six kilometers of trend with no holes yet in it. The implication is straightforward: Nisk and Lion may simply be the first two outcropping expressions of a much larger orthomagmatic Ni‑Cu‑PGE system that continues along strike and at depth. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683170810_Picture4.png" alt="" width="624" height="366" /> <figcaption>Source: Power Metallic</figcaption> </figure> If drilling along that corridor starts to fill in the gap — with additional deposits or connecting shoots — investors are no longer looking at two discrete orebodies, but the skeleton of a district‑scale polymetallic camp. That is where step‑function re‑ratings typically occur. <h2 style="text-align: center;">Polymetallic Structures Offer Optionality</h2> In nickel sulfide exploration, it is common to have additional metals in the mix. These metals are copper and PGMs that add incremental value to a nickel deposit. Polymetallic deposits are a different animal. Here, copper, PGMs, gold, silver, and nickel all contribute meaningful and often equivalent value, and you can see that clearly at Lion. Power Metallic's own analysis of Lion shows an estimated economic value split roughly 45% copper, 20% palladium, 20% platinum, 10% gold, and 5% silver, with nickel and cobalt providing further upside. That revenue mix is essential to understanding how polymetallic mineralization de‑risks the mining proposition. PNPNF's head geologist, Dr. Steve Beresford, is an internationally recognized geologist who has worked on most of the world's nickel sulfide mines. He likes the optionality of multiple metals because it adds a layer of flexibility to the mine development, regardless of the economic climate. In simple terms, for investors: <ul> <li>When nickel is out of favor, but copper and PGMs are strong, a polymetallic system like Nisk‑Lion can pivot toward copper‑rich and PGM‑rich zones (Lion).</li> <li>When nickel tightens, the high‑grade nickel sulfide core at Nisk Main can take center stage again.</li> <li>Over a full mine life, the operation can flex its production plan to chase whichever metals offer the best margins in each commodity cycle.</li> </ul> That built‑in optionality is a powerful hedge against the inevitable shifts in demand for individual metals. Instead of betting on one commodity, you're effectively buying a basket of critical metals — nickel, copper, cobalt, PGMs, gold, and silver — in a single project, with the ability to sequence mining to maximize free cash flow at any given time. <h2 style="text-align: center;">The Compelling Economics of High-Grade Metallurgy</h2> When it comes to mining, the grade of the ore is the great equalizer in a project. The lion project has three of the top five best veins in the world, and it's close to the surface. The mine plan is literally a no-brainer, which makes this project highly fundable. Here is an analysis of the economic impact by comparing project types: <ul> <li>Low‑grade porphyry copper projects typically deliver 0.4–0.7% Cu or CuEq and require US$20,000–30,000 per tonne of annual copper capacity, generating IRRs in the mid‑teens at US$4/lb Cu.</li> <li>Medium‑grade oxide projects sit around 0.5–1% Cu or CuEq, with capex investment of US$15,000–20,000 per tonne and IRRs in the 20–30% range.</li> <li>High‑grade projects (1–3% CuEq) can push IRRs into the 30–40% range.</li> <li>Ultra‑high "Lion‑style" projects at 5%+ CuEq can potentially achieve capex investment below US$10,000 per tonne and IRRs north of 30–40%, even under conservative price decks.</li> </ul> These economics only work if they can get the metallurgy of separating the metals to cooperate. The good news is they did some bench‑scale locked‑cycle testing with SGS Canada and proved out recoveries of roughly 98.9% for copper, 93.9% for palladium, 96.8% for platinum, 85% for gold, and 88.9% for silver. In other words, the vast majority of in‑situ value appears recoverable in concentrate, which is critical when you are dealing with a multi‑metal system. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683170934_Picture5.png" alt="" width="1000" height="326" /> <figcaption>Source: Power Metallic</figcaption> </figure> High head grades plus high recoveries are exactly what you want going into a Preliminary Economic Assessment (PEA). Analysts compiling early economic scenarios in the company's deck have penciled in a combined Nisk‑Lion tonnage of ~16.5 Mt at around 7% CuEq. Investors should realize that these numbers are not from a 43-101 and should be treated as directional rather than definitive. Separate coverage has suggested Lion alone could host 5–7 Mt at 5–7% CuEq, with a path toward 15–20 Mt as drilling expands the envelope. Whether those volumes prove out or not, the grade profile already puts Nisk‑Lion in a very small peer group. <h2 style="text-align: center;">Tiny Infrastructure Buildout</h2> Many mines are in hard-to-reach places, literally at the end of the earth, which means infrastructure needs to be built. The project has all the infrastructure they need in place, wrapped up in a nice bow. This is a huge plus for the project in terms of time and money. <blockquote class="callOut left">The story remains an advanced exploration play with a compelling combination of grade, scale potential, jurisdictional quality, and technical leadership, but watch out because the next six months could be explosive.</blockquote> The principals of the company really hammer this point home in the interviews and investor decks, and investors should realize how much this existing infrastructure derisks the project even more. The project is located just off a major highway in the James Bay region, roughly 8 km outside the Cree community of Nemaska, which offers hotels, shops, and a regional airport. Across the road from the project sits a Hydro‑Québec substation, delivering low‑carbon, inexpensive hydropower that fits neatly with the company's ambition to build Canada's first carbon‑neutral nickel mine using hydro power and carbon capture. That kind of plug‑and‑play infrastructure — power, road access, airport, local workforce — can save hundreds of millions of dollars versus remote projects that have to build everything from scratch. <h2 style="text-align: center;">Embedded Tax Credits</h2> The local government is very supportive of this project and has significant tax credits. Quebec's tax credits effectively cover around 50% of eligible exploration and development expenditures. Power Metallic recently priced a large flow‑through financing at CA$2.83 per share, raising roughly CA$40 million (~US$28 million) to fund accelerated drilling across Nisk and Lion and additional electromagnetic targets. The ability to recycle exploration spending through refundable credits is a structural advantage that reduces capital risk and allows for more aggressive drilling than would otherwise be possible. Assuming the project cost comes in at $400 million, that could represent a $200 million tax credit. The icing on the cake of these tax incentives comes in the form of community relations. The community and the government stakeholders all want the mine to succeed, and that creates less friction during the permitting and development stage of the project. It represents another huge positive that most mining projects don't have. <h2 style="text-align: center;">Leadership and Geological Firepower</h2> Grade and geology alone are never enough. Execution matters, and here Power Metallic has quietly built a formidable team. On the corporate side, CEO Terry Lynch brings decades of experience in mining finance and junior development. He has chaired and led multiple TSX‑listed companies, founded Cardiol Therapeutics (CRDL:TSX; CRDL:NASDAQ), and created Save Canadian Mining to advocate for market structure changes. He has also demonstrated the ability to raise capital in difficult markets, as evidenced by the most recent CA$40 million financing and a roster of blue‑chip mining investors who are now on the register. Those investors include Eric Sprott, Rob McEwen, and Robert Friedland – names that you typically only see attached to projects they believe can scale to serious outcomes. Their involvement offers a strong signal that the technical story at Nisk‑Lion is attracting attention beyond retail and small institutions. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202683171140_Picture6.png" alt="" width="1000" height="478" /> <figcaption>Source: Power Metallic</figcaption> </figure> On the technical side, Joe Campbell, P.Geo., serves as VP Exploration and is the qualified person reviewing and approving the technical disclosure. Campbell's track record includes the discovery of an Agnico Eagle mine for Western Mining, a credential that speaks to his ability to turn good rocks into real mines. Then there is Dr. Steve Beresford, arguably one of the top polymetallic Ni‑Cu‑PGE geologists in the world. His resume includes Chief Geologist roles at three major mining companies, professorships at leading universities, and field work in more than 60 countries focused primarily on magmatic nickel‑copper‑PGE deposits. In public commentary, Beresford has made it clear that he specifically sought out polymetallic systems like Nisk‑Lion, noting that polymetallic deposits remain the premier deposit style through market cycles and that Nisk-Lion projects exhibit the geological formation and size characteristics he's been searching for his entire career. The board also includes figures such as Peter Kent (a respected corporate commercial lawyer) and Seamus O'Regan (a former Energy Minister and Indigenous Affairs Minister), bringing political and regulatory experience directly into the boardroom. That combination of technical, financial, and governmental expertise materially improves the odds that value will be crystallized through development, strategic partnership, or eventual M&A. <h2 style="text-align: center;">Handicapping the NI-43-101 Mineral Resource Estimate</h2> Key upcoming milestones include an updated Mineral Resource Estimate (MRE) for Nisk, expected at the end of Aug 2026, and a project‑level PEA targeted for early Q1 2027 and Feasibility by the end of 2027. This is an unusual discovery with a huge concentrated resource close to the surface. This isn't normal; it's a Goldilocks type of mine, and that's why it's been misunderstood by many. It's also why Management moved the MRE up to drop before Labor Day. The average copper mine is <a href="https://www.businesswire.com/news/home/20231116393991/en/Global-Copper-Industry-Report-2023-Mined-Copper-Production-Refined-Copper-Production-Consumption-Insights-and-Forecasts-2022-2027---ResearchAndMarkets.com" target="_blank" rel="noopener">0.62%</a> Cu content, but this mine is looking at 5-7%, which is almost 10x normal. This transforms the economics because each scoop is worth so much more. The napkin math supports a huge resource, and so are the analysts, but the stock price is languishing in comparison to the growing body of evidence of a world-class anomaly. It's apparent in the slide decks that management believes most investors don't understand the importance of grade. The last discovery of this type was 17 years ago by Anglo American Plc (AAUK:OTCQX; AAL:LSE) (The <a href="https://www.angloamerican.com/our-portfolio/our-projects/sakatti" target="_blank" rel="noopener">Sakatti Project</a> in Finland). Sakatti is an underground mine vs the Lion, which is likely to be an open-pit mine. Apples and oranges in terms of economics. Moving up the MRE was management's way of saying, if we just go with what we have now, look at how wildly profitable an operation is possible. They are out to prove to the market without any doubt that they have a profitable mine. So, expecting a NAV over $1.0 billion is not unreasonable, and it's expected to grow. Between now and the PEA, investors can expect a steady cadence of assay results, continued metallurgical work, and potential land package expansions. <h2 style="text-align: center;">Drilling, Catalysts, and the "Connect the Dots" Moment</h2> The current plan is aggressive. According to the July 2026 corporate deck, Power Metallic is running up to five or six rigs between Nisk and Lion, targeting over 100,000 m of drilling through late 2026, with 40,000 m already scheduled from June to December and additional meters reserved for success follow‑up. Priority targets include: <ul> <li>Deep drilling at Lion to test for larger feeder systems at depth (up to 8,000 m).</li> <li>Systematic step‑outs along the 5–6 km corridor between Nisk and Lion (initial 2,000 m specifically dedicated to this trend).</li> <li>EM anomalies and copper‑rich zones at Nisk West and Lion East.</li> <li>Gold structures and other satellite targets that could add incremental value.</li> </ul> The market has started to take notice. In various coverage, analysts have framed Power Metallic as having "transformed from a nickel junior to a polymetallic play" with potential for a high‑grade mid‑sized deposit at Lion that carries analogs to world‑class Norilsk‑style systems. Some estimates have floated conceptual resource potential in the range of 1 billion pounds of high‑grade copper equivalent at Lion and 178 million pounds of nickel equivalent at Nisk, with both zones open in multiple directions and numerous targets yet to be drilled. For investors, however, the real "connect the dots" moment may come not from any single hole, but from the first maps and cross‑sections that show additional deposits or continuous mineralized shoots between Nisk and Lion. At that point, the market will have to grapple not just with two special orebodies, but with a polymetallic district sitting on road, power, and airport in one of the world's best mining jurisdictions. <h2 style="text-align: center;">Risks to Monitor</h2> As with any exploration‑stage polymetallic discovery, there are material risks that investors must weigh. Resource estimates for Lion are still conceptual and non‑compliant, and there is no guarantee that drilling will deliver the tonnage or continuity implied by early results. Metallurgical performance, while encouraging in bench‑scale tests, must be confirmed at larger scales, and processing flowsheets may need to be optimized to handle complex multi‑metal concentrates. Market risk is another consideration because even if the project has a diversified revenue mix, sustained weakness in key metals such as nickel or copper could impact project economics and timing of development. Project financings are a big risk that could turn at any moment. Although the current financing environment is favorable, building a mine that is supposed to be carbon-neutral adds additional complexities. The mine is located near a hydroelectric power plant. Finally, execution risk around permitting, community relations, and infrastructure upgrades must be monitored, even in a supportive jurisdiction like Quebec. Investors should pay close attention to how Power Metallic manages environmental assessments, tailings and water management, and engagement with Cree and other local stakeholders as the project advances. These are all manageable risks, but they are real. The story will ultimately be determined by drill results, metallurgy, economics, and management's ability to execute. <h2 style="text-align: center;">Investment Summary</h2> For investors seeking leveraged exposure to critical metals with meaningful discovery and re‑rating potential in the near term, Power Metallic offers a legitimate path to development and a buyout by one of the majors. <ol> <li>District‑scale polymetallic system — Nisk Main and Lion are emerging as parts of a larger orthomagmatic Ni‑Cu‑PGE system, with 5–6 km of untested ground between the two ore bodies and plans for multiple targets to be drilled over this stretch. Early results suggest grade and thickness profiles seen in world‑class deposits.</li> <li>High grades, strong metallurgy, and supportive jurisdiction — Ultra‑high CuEq grades at Lion, robust nickel grades at Nisk, and excellent metallurgical recoveries drive attractive economics, while Quebec's infrastructure and fiscal incentives reduce capex and operating risk.</li> <li>Experienced team and strategic backing — A leadership group with deep geological, political, and capital markets experience is complemented by backing from marquee mining investors, improving the odds that value will be crystallized via development, partnership, or eventual M&A.</li> </ol> The current market cap is US$215 million. The NI-43-101 is literally weeks away and is likely to result in a re-rating to the upside. The value of this project has been consistently underestimated. When drilling results come in from the Nisk–Lion corridor and confirm additional deposits or a continuous mineralized trend, the current valuation gap relative to global polymetallic peers may narrow rapidly. For now, the story remains an advanced exploration play with a compelling combination of grade, scale potential, jurisdictional quality, and technical leadership, but watch out because the next six months could be explosive. <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 Power Metallic Mines Inc. </li> <li>Mike Sheikh: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">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=32365"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32365" width="0" height="0"> ( Companies Mentioned: PNPN:TSXV;PNPNF:OTC; IVV1:FRA, ) Tue, 01 Sep 2026 00:00:00 PST Drilling Confirms 600-Meter Whopper Zone as Assays Remain Pending https://www.streetwisereports.com/article/2026/08/31/drilling-confirms-600-meter-whopper-zone-as-assays-remain-pending.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/drilling-confirms-600-meter-whopper-zone-as-assays-remain-pending.html?utm_medium=feed">Streetwise Reports 08/31/2026</a> Juggernaut Exploration Ltd. (JUGR:TSX.V) confirmed the Whopper Zone over 600 meters of strike and 580 meters of depth at its Big One property in British Columbia's Golden Triangle, with broad quartz-sulphide intervals intersected and assays pending.Juggernaut Exploration Ltd. (JUGR:TSX.V) reported <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/August-27-2026_JUGGERNAUT-NEWS-RELEASE.pdf" target="_blank" rel="noopener">initial observations from its maiden drill program at the 100%-controlled Big One property in British Columbia's Golden Triangle, where drilling confirmed the Whopper Zone over 600 meters of strike and to a depth of 580 meters. The zone remains open laterally and at depth.</a> Multiple drill holes intersected broad quartz-sulphide veins and shears, with intervals reaching 20.24 meters and containing mineralization including pyrite, sphalerite, galena, and chalcopyrite. The company said the mineralization and textures were visually similar to those observed in surface samples that assayed up to 44.76 g/t AuEq and continuous channel cuts yielding up to 6.89 g/t AuEq over 4.00 meters. Assays from the reported drill holes are pending. Hole BO-26-17 intersected the Whopper Zone over 20.24 meters from 236.20 to 256.44 meters, containing multiple quartz-sulphide veins and veinlets up to 1 meter wide with pyrite, sphalerite, and galena in strongly sheared diorite with pervasive sericite alteration. BO-26-16 intersected 17.59 meters from 231.12 to 248.71 meters, with quartz-sulphide veining containing pyrite, sphalerite, and disseminated galena. Hole BO-26-11 intercepted 13.08 meters from 232.02 to 245.10 meters containing multiple quartz-sulphide veins with massive pyrite, semi-massive sphalerite, chalcopyrite, and galena. BO-26-23 intercepted the Whopper Zone over 5.01 meters from 300.31 to 305.32 meters and also encountered additional mineralized shear zones above and below it, including intervals from 257.19 to 259.47 meters and 350.60 to 355.77 meters. BO-26-19 intersected 3.24 meters of the Whopper Zone from 236.66 to 239.90 meters, while BO-26-15 intercepted 3.18 meters from 242.53 to 245.71 meters. BO-26-24 intercepted a 5.02-meter interval from 620.82 to 625.84 meters containing quartz-sulphide veins with pyrite in strongly foliated and chlorite-sericite altered diorite. Drilling in BO-26-24 was ongoing at the time of the announcement. Drilling and surface mapping have shown a more than 5-meter-wide vein enveloped within a shear zone measuring up to 50 meters wide that has been traced for more than 600 meters, with vertical relief of up to 780 meters. Multiple occurrences of visible gold and coarse-grained, free-milling gold up to 150 microns in size have been identified in surface samples. Juggernaut also reported that pervasive propylitic alteration outside the veins and shear zones had been confirmed in all drill holes that intercepted the Whopper Zone to date. "The extensive Whopper Zone, where drilling has already confirmed 600 m of strike and 580 of depth and remains open, as well as the recently reported Big Mac Zone with 450 m of strike and 500 m of depth and remains open, are both strongly indicated to be part of a district-scale mineralizing system," <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/August-27-2026_JUGGERNAUT-NEWS-RELEASE.pdf" target="_blank" rel="noopener">President and COO Manuele Lazzarotto said in the company news release.</a> <h2 style="text-align: center;" data-section-id="frdop2" data-start="0" data-end="73">Gold, Silver, and Copper Prices Rise as Analysts Track Rates and Supply</h2> <a href="https://www.forex.com/en-sg/news-and-analysis/gold-outlook-bond-market-concerns-keep-precious-metals-supported/" target="_blank" rel="noopener">According to an August 24 analysis by Fawad Razaqzada</a>, gold had climbed as high as US$4,680 per ounce after a third consecutive weekly advance. He attributed the metal's recent performance to a softer U.S. dollar and reduced expectations for additional Federal Reserve rate increases. Razaqzada also noted that gold had been rising alongside bond yields, which he connected to concerns about U.S. debt sustainability, debt-servicing costs, and fiscal credibility. Referring to higher Treasury yields alongside a weaker dollar, he wrote, "For gold, that is a particularly supportive backdrop." <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics data on August 31 showed gold at US$4,451.06 per ounce</a>, up 9.74% over the previous month and 27.99% year over year. The source described gold as "one of the most widely followed precious metals" and said it was "often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk." Gold had remained on track for an August gain of more than 10%. <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Silver was at US$67.167 per ounce on August 31</a>, up 16.45% over the previous month and 64.93% over the previous year. Trading Economics described silver as having both industrial and investment applications, including electronics, solar panels, and medical technologies. The source said, "Silver prices are influenced by both industrial demand and investor sentiment." Silver had remained on track for an August gain of more than 15%. <a href="https://www.tradingview.com/news/smallcaps:d4ff38f1d094b:0-the-weekly-finger-grains-gone-wild-the-copper-squeeze-nobody-s-pricing-in-and-the-bond-market-story-tying-it-all-together/" target="_blank" rel="noopener">An August 30 report in The Weekly Finger</a> cited Q2 data from Benchmark Minerals showing that most of the top 10 copper producers had recorded declining year-over-year production, while the broader trend among the largest producers had been downward as demand accelerated. The report also cited analysis from Lukas Ekwueme showing that Chile produced 24% of the world's copper and that production there was expected to peak in 2027. It connected copper demand with AI infrastructure development and U.S. manufacturing reshoring. Ekwueme stated, "We don't own enough copper for what's coming." The Weekly Finger also cited Azuria Capital data showing median profit margins of 31% among the top 20 precious and base metals miners, compared with 17% for both the financial and technology sectors of the S&P 500. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">By August 31, Trading Economics reported copper at US$6.5686 per pound,</a> up 45.61% over the preceding year and 0.86% over the preceding month. Copper futures had eased to around US$6.55 per pound after four consecutive declining sessions as the U.S. dollar strengthened. Trading Economics reported that some indications of supply pressure had eased, including increased metal deliveries into LME inventories. However, copper shipments had continued to be diverted toward the United States ahead of potential import tariffs, while mining disruptions in Indonesia, Congo, and Chile had contributed to supply concerns. The source described copper as "one of the most widely used industrial metals in the world," with critical roles in construction, electronics, power generation, and renewable energy systems. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="171v2b0" data-start="0" data-end="43">Third-Party Highlights Drill Core</h2> In an August 27, 2026, comment, investor and newsletter writer Chen Lin of What Is Chen Buying? What Is Chen Selling? highlighted Juggernaut Exploration's drill core from the Big One property. "JUGR.v very promising drilling core. Basically, they hit 20 meters of quartz-sulphide similar to their surface sample up to 44.76g/t aueq or 4 meters of 6.89g/t channel samples. Can't wait for their drilling results," Lin wrote. <h2 style="text-align: center;" data-section-id="zg9hyk" data-start="3010" data-end="3059">Expanded Drilling and Multiple Big One Targets</h2> Juggernaut expanded its fully funded 2026 inaugural drill program by approximately 30%, from 10,000 meters to approximately 13,000 meters, by adding multiple drill holes. Two drill rigs are planned to continue operating until mid to late September, weather permitting, with initial assay results to be released after they are received, compiled, and interpreted. The expanded program is designed to test the largest and most extensive veins within the 22-square-kilometer Eldorado System. The company reported more than 400 mineralized veins up to 10 meters wide hosted in shear zones up to 50 meters wide. Surface samples from the system assayed up to 263.70 g/t AuEq, while channel cuts returned up to 4.89 g/t AuEq over 5.21 meters. Planned drill holes are designed to intersect areas where visible gold has been identified in surface channel and grab samples from the Whopper, Big Mac, and Gold Dome zones. <a href="https://juggernautexploration.com/wp-content/uploads/2026/08/Corporate-Presentation-Juggernaut-Aug2026_v1.1.pdf" target="_blank" rel="noopener">The corporate presentation</a> describes the Eldorado System as approximately 7 kilometers by 4 kilometers and open, with more than 500 quartz-sulphide veins and shears reaching widths of up to 50 meters and more than 1 kilometer of strike and vertical relief. The presentation also identifies an approximately 4.5-square-kilometer area of propylitic alteration. Within Eldorado, the Big Mac Zone measures approximately 1 kilometer by 1 kilometer and contains multiple large veins with shear zones up to 10 meters wide, exposed at surface for more than 400 meters with vertical relief of up to 360 meters. A channel cut assayed 6.63 g/t Au over 3.58 meters, including 17.45 g/t Au over 1.35 meters and 47.18 g/t Au over 0.47 meter true width. A second channel cut returned 3.60 g/t Au over 1.45 meters, including 10.17 g/t Au over 0.50 meter. The presentation identifies the Big Mac Zone as drill-ready. The Gold Dome Zone measures approximately 3 kilometers by 1.5 kilometers and contains clusters of gold-rich shear zones, veins, and stockwork up to 4 meters wide, exposed for more than 1 kilometer with approximately 600 meters of vertical relief. Grab samples assayed up to 256.60 g/t Au, while a channel cut assayed 5.45 g/t Au over 2.77 meters. Multiple targets within the Gold Dome are identified as drill-ready. The presentation describes the Whopper Zone as approximately 2 kilometers by 2 kilometers, with multiple veins up to 5 meters wide and shear zones reaching 50 meters wide. At the time of the presentation, the structures were exposed at surface for more than 500 meters with vertical relief of up to 780 meters. Channel cuts had assayed up to 39.84 g/t Au over 0.50 meter within a 3.06-meter interval grading 6.71 g/t Au. Multiple targets in the Whopper Zone were identified as drill-ready. The Gold Swarm Zone covers approximately 3 kilometers by 1 kilometer, extends over 700 meters of vertical relief, and remains open in all directions. It contains clusters of shear zones and veins up to 4.5 meters wide. Grab samples assayed up to 226.94 g/t Au, and a channel cut returned 4.02 g/t Au over 4.36 meters containing semi-massive to massive chalcopyrite, galena, and sphalerite. The presentation identifies Gold Swarm as drill-ready. Juggernaut's presentation also identifies two areas with porphyry potential at Big One where the distribution of geochemical pathfinder elements overlaps with geophysical anomalies and multiple gold-rich polymetallic veins. An independent petrographic study by the Colorado School of Mines confirmed relatively pure, free-milling coarse gold up to 150 microns in size, while fluid inclusions were reported as confirming a magmatic source to the gold, silver, and copper mineralization. [OWNERSHIP_CHART-9609] The Big One property covers 40,861 hectares, with 95% described in the presentation as unexplored. The company also holds a five-year drill permit valid until March 31, 2031. The permit will allow Juggernaut to define the extent of mineralization at depth and understand the geometry and related drivers of the system in preparation for a future resource. <h2 style="text-align: center;" data-start="6708" data-end="7094">Ownership and Share Structure</h2> Juggernaut has 10.67% institutional ownership, with management and insiders owning 0.11%. The rest is retail. The company has CA$67.67 million in market capitalization, 50.13 million outstanding shares, and a 52-week range of CA$0.85 to CA$1.95. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="ul2pwc" data-start="0" data-end="30">Frequently Asked Questions</h2> What is Juggernaut Exploration Ltd. (JUGR:TSX.V; JUGRF:OTCQB)? Juggernaut Exploration Ltd. is a gold exploration company trading as JUGR on the TSX Venture Exchange. The company is focused on exploration and drilling in British Columbia. What are investors watching at Juggernaut Exploration in 2026? Investors are watching Juggernaut Exploration's 2026 drilling program and upcoming drill results. Recent attention has focused on drilling that encountered approximately 20 meters of quartz-sulphide mineralization similar to mineralization sampled at surface. What did Juggernaut Exploration encounter in its recent drilling? According to commentary from Chen Lin on August 27, Juggernaut Exploration encountered approximately 20 meters of quartz-sulphide mineralization in drill core. Lin compared the mineralization with surface sampling that returned values as high as 44.76 g/t AuEq and channel sampling of 6.89 g/t AuEq over 4 meters. Are drill results pending from Juggernaut Exploration? Yes. Assay results from the drilling discussed by Chen Lin were still pending at the time of his August 27 commentary. Those results will provide analytical data for the mineralization observed in the drill core. What did Chen Lin say about Juggernaut Exploration's drilling? On August 27, Chen Lin described the drill core as "very promising" and highlighted approximately 20 meters of quartz-sulphide mineralization. He concluded, "Can't wait for their drilling results." What gold grades have been reported from surface sampling at Juggernaut Exploration's project? The surface sampling referenced by Chen Lin included values of up to 44.76 g/t AuEq. He also cited channel samples returning 6.89 g/t AuEq over 4 meters. Why are Juggernaut Exploration's upcoming assay results important? The assays will establish the grades associated with the approximately 20 meters of quartz-sulphide mineralization observed in the drill core. Until the laboratory results are reported, the visual observations do not establish the gold-equivalent grade of the drilled interval. <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> 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=32362"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32362" width="0" height="0"> ( Companies Mentioned: JUGR:TSX.V, ) Mon, 31 Aug 2026 00:00:00 PST 14 High-Grade Silver-Gold Veins Have Never Been Drilled. That Could Soon Change https://www.streetwisereports.com/article/2026/08/31/14-high-grade-silver-gold-veins-have-never-been-drilled-that-could-soon-change.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/14-high-grade-silver-gold-veins-have-never-been-drilled-that-could-soon-change.html?utm_medium=feed">Streetwise Reports 08/31/2026</a> Mercado Minerals Ltd. (MERC:CSE; MRMNF:OTCQB; M2R:FSE) secured a community access agreement that allows it to begin the drill permitting process at the Zamora silver-gold project in Sinaloa, Mexico.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-0" 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:f7ad7b34-f777-498e-88a8-acc704425d91-0" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-0" data-testid="conversation-turn-2" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="fcd99b37-fcda-4da3-8b02-064a835dcac0" data-turn-start-message="true" data-message-model-slug="gpt-5-6"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Mercado Minerals Ltd. (MERC:CSE; MRMNF:OTCQB; M2R:FSE), through <a href="https://www.mercadominerals.com/news-releases/mercado-minerals-signs-community-access-and-exploration-agreement-with-local-ejido-at-zamora-0826" target="_blank" rel="noopener">its wholly owned subsidiary Concordia Silver Company S.A. de C.V., entered into a community access and exploration agreement with Ejido Rincon de Ibonia covering a portion of the Zamora property and surrounding area in Sinaloa, Mexico.</a> The agreement allows Mercado to commence the drill permitting process for the Campanillas area. The company said it is continuing community relations work with other Ejido groups in the region as it seeks to conclude access agreements covering the remainder of the Zamora project. Under the agreement, Mercado will pay an annual fee of 100,000 Mexican pesos, effective immediately, with a one-year renewal option. The company will also pay 3,000 Mexican pesos for each drill pad constructed to help mitigate impacts on Ejido land. "One of our key commitments as we advance our projects in the region is building strong, lasting community relations," <a href="https://www.mercadominerals.com/news-releases/mercado-minerals-signs-community-access-and-exploration-agreement-with-local-ejido-at-zamora-0826" target="_blank" rel="noopener">CEO and Director Daniel Rodriguez said in the company news release</a>. "We have an excellent team on the ground in Mexico working through logistics, mapping, and sampling at Zamora, both to help bring our concessions back into good standing and to begin testing the concessions we already hold in good standing." Mercado's technical team is currently prospecting, building camp infrastructure, and advancing logistics, mapping, and sampling at Zamora. The work is focused on preparing a portion of the company's concessions for reinstatement to good standing while sampling and mapping several concessions that are already active and in good standing ahead of a future drill program. Located approximately 110 kilometers north of Mazatlan and 23 kilometers southwest of Cosala, Sinaloa, Zamora hosts 14 high-grade silver-gold vein occurrences and historic small-scale mines containing mineralized veins with a cumulative strike length exceeding eight kilometers. The occurrences have never been drill tested. Historic surface sampling returned 14,561 grams per tonne silver and 15.53 g/t gold at the Campanillas workings, while sampling at El Triunfo returned 1.00 meter grading 286 g/t silver and 2.54 g/t gold. The company cautioned that its qualified person has not completed sufficient work to independently verify the historical rock sample assay results from Zamora. Mercado is therefore treating the previous results as historical in nature and said they should not be relied upon. The qualified person intends to independently verify the historic results during a planned site visit later this year. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1w6zxyc" data-start="0" data-end="62">Silver and Gold Prices Recorded Strong Year-Over-Year Gains</h2> <a href="https://www.forex.com/en-sg/news-and-analysis/gold-outlook-bond-market-concerns-keep-precious-metals-supported/" target="_blank" rel="noopener">According to an August 24 analysis by Fawad Razaqzada</a>, gold had climbed as high as US$4,680 per ounce after recording a third consecutive weekly advance. He attributed the metal's recent performance to a softer U.S. dollar and reduced expectations for additional Federal Reserve rate increases. Razaqzada also noted that gold had been rising alongside bond yields, a relationship he connected to concerns about U.S. debt sustainability, debt-servicing costs, and fiscal credibility rather than expectations for a more aggressive Federal Reserve. "For gold, that is a particularly supportive backdrop," he wrote, referring to the combination of higher Treasury yields and a weaker U.S. dollar. <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics data on August 31 showed silver at US$67.167 per ounce</a>, up 16.45% over the previous month and 64.93% over the previous year. The source described silver as having both industrial and investment applications, with uses in electronics, solar panels, and medical technologies, as well as a store of value and portfolio diversification tool. Mexico, Peru, and China were identified as the largest global producers. According to Trading Economics, "silver prices are influenced by both industrial demand and investor sentiment." <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">The August 31 Trading Economics data also showed gold at US$4,451.06 per ounce</a>, representing a 9.74% monthly increase and a 27.99% year-over-year increase. The source said gold demand was driven by financial markets, jewelry consumption, and industrial use, while jewelry represented the largest source of global demand, followed by investment demand and a smaller contribution from industrial applications. Trading Economics described gold as "one of the most widely followed precious metals" and said it was "often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk." The source also reported that gold had remained on track for a gain of more than 10% during August, while silver had remained on track for a gain of more than 15% for the month. <div class="" data-turn-id-container="fc796786-55a9-4514-a9cb-494c3e5b2f05" data-is-intersecting="true"> </div> <div class="" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-2" 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-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-2" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-2" data-testid="conversation-turn-6" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="10c60fca-ad3e-4d19-9980-b5ba3166364b" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="96ixsz" data-start="0" data-end="71"> Expanded Project Portfolio and Copalito Exploration</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a9556a7-235c-83ea-8490-c3a2b3206367-0" 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-6a9556a7-235c-83ea-8490-c3a2b3206367-0" data-turn-id-container="request-6a9556a7-235c-83ea-8490-c3a2b3206367-0" data-testid="conversation-turn-12" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="f30fdd1a-ec32-4a16-8544-018109e56701" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/metals-keep-pushing-higher-and-our-stocks-are-making-moves/#mm" target="_blank" rel="noopener">According to an August 27 report by Jeff Clark, Daniel Flynn, and Sharyn Alexander of Paydirt</a>, Mercado Minerals had completed its inaugural drill program at Copalito and advanced work at its Zamora silver-gold project in Sinaloa, Mexico. The report noted that Mercado completed 25 diamond drill holes across seven vein structures at Copalito, confirming and expanding mineralization at the 5 Señores, El Agua, and El Pilar veins while also testing newly discovered or previously undrilled structures. Clark, Flynn, and Alexander highlighted results including 3.40 meters at 403 g/t silver equivalent at El Pilar, 3.50 meters at 686 g/t silver equivalent at El Agua, and 7.60 meters at 434 g/t silver equivalent at 5 Señores. "So, the drilling is doing the job," they wrote. The authors also noted that surface exploration had expanded Copalito from six principal veins covering eight kilometers of cumulative strike to eight principal veins covering 11 kilometers. Looking toward Phase II, they identified planned work that included expanding higher-grade areas at El Agua and El Pilar, drill testing vein extensions, testing the newly defined 1,150-meter Renata Vein, and following up on unexplained soil anomalies. At Zamora, the report discussed Mercado's community access and exploration agreement with Ejido Rincon de Ibonia, which covered part of the property and allowed the company to advance drill permitting for the Campanillas area. "We continue to await Mercado bringing the remaining Zamora licenses back into good standing, but this is a useful piece of groundwork toward eventually testing that project with the drill bit," the authors wrote. Paydirt maintained a "RECOMMENDATION: STRONG BUY." The authors also reported that Mercado's shares had risen 60% since its Copalito update and that the company had a market capitalization of approximately CA$11 million. </div> </div> </div> </div> </div> </div> </section> </div> </div> <a href="https://aheadoftheherd.com/mercado-acquiring-district-scale-land-package-in-san-dimas-mining-district-mexico-richard-mills/" target="_blank" rel="noopener">Richard Mills also covered Mercado's proposed expansion in a June 7 report,</a> focusing on the planned San Rafael and La California acquisitions and the company's drilling activity at Copalito. Citing Mercado's June 2 news release, Mills quoted CEO Daniel Rodriguez as saying, "This is exactly the type of opportunity Mercado is looking for. Our ability to access new projects because of our team in Mexico helped uncover this potential. We are now working towards building a truly district-scale presence with kilometers of cumulative vein strike length and numerous highly compelling targets." Mills reported that Mercado had released assay results from the first three holes of its 3,000-meter Copalito drill program. He cited an April 29 statement from Rodriguez addressing work at the 5 Señores structure and subsequent drilling at the El Agua and El Pilar veins. "With these first three results, we are proving the continuation of 5 Señores and growing the potential of that structure," Rodriguez said. "We are happy with what we are seeing and looking forward to interpreting and analyzing the next batch of results. We have moved on to testing El Agua Vein and then El Pilar with a similar approach to what we did at 5 Señores." Mills also cited an April 21 drill program update in which Rodriguez described the exploration approach at Copalito. "The goal has been to expand on the known and go test some of the unknown," Rodriguez said. "We see potential to expand on known areas and new areas of interest as the team continues to uncover more through prospecting and sampling." </div> </div> </div> </div> </div> </div> </section> </div> <h2 style="text-align: center;" data-section-id="j16aq9" data-start="2606" data-end="2661">Exploration Work Advances Across Zamora and Copalito</h2> At Zamora, <a href="https://www.mercadominerals.com/_files/ugd/a9ffcd_7af0fcef357b4fc79aad3ee630b46921.pdf?index=true" target="_blank" rel="noopener">Mercado's July 2026 investor presentation </a>outlined work to bring approximately 3,000 hectares of concessions back into good standing. The presentation identified four concessions covering 378 hectares, along with rights to potentially bring another 2,999 hectares of concessions back into good standing. The company is advancing systematic surface and underground sampling to help define initial drill targets across 14 silver-gold vein occurrences. Mercado's planned exploration schedule showed Zamora land consolidation and title security extending from the latter part of 2026 into the first quarter of 2027. Surface sampling was scheduled across the third and fourth quarters of 2026, followed by drill target generation beginning in the fourth quarter of 2026 and extending into the first quarter of 2027. At Copalito, Mercado completed its inaugural 3,000-meter diamond drill program in August. The 25-hole program tested seven vein structures, including 5 Señores, El Agua, El Pilar, El Medio, and El Chente, as well as newly identified or previously undrilled structures. The program was designed to test extensions of known veins, conduct infill drilling, evaluate targets at depth, and test newly identified targets. The July presentation said approximately 60% of the known vein strike had been tested to approximately 100 meters depth, while new vein extensions and targets continued to emerge. Mercado also collected drone magnetic data and acquired and interpreted LiDAR data. These datasets, together with soil sampling, mapping, and prospecting, have helped identify new anomalies, vein extensions, and exploration targets. Mercado's 2026 exploration work at Copalito also included a comprehensive soil sampling program, mapping, prospecting, and sampling that delineated new veins and vein segments. The company said these datasets were being used to advance drill targeting and identify additional exploration opportunities. With Phase I drilling now complete, Mercado's next potential catalyst at Copalito is Phase II exploration. In its August 19 update, the company said it intends to complete a Phase Two program focused on expanding higher-grade areas at El Agua and El Pilar, drill testing vein extensions, initially testing the 1,150-meter Renata Vein, and following up on unexplained soil anomalies. [OWNERSHIP_CHART-11572] <h2 style="text-align: center;">Ownership & Share Structure1</h2> Mercado Minerals Ltd. has a market cap of approximately CA$9.49 million, with approximately 76 million shares outstanding. The company's 52-week range is CA$0.075-CA$0.49. Management and Insiders own 6.5% of shares, while Strategic Investors own 27.9%. The remaining 65.6% of shares are held by Retail. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-4" 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:f7ad7b34-f777-498e-88a8-acc704425d91-4" data-turn-id-container="request-WEB:f7ad7b34-f777-498e-88a8-acc704425d91-4" data-testid="conversation-turn-10" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="652966c7-400c-4e70-a5e6-715d29716174" data-message-model-slug="gpt-5-6" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root yWcLfW_streamingContainer markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="1r8frcv" data-start="0" data-end="29">Frequently Asked Questions</h2> What is Mercado Minerals' Zamora Project in Sinaloa, Mexico? The Zamora Project is a silver-gold exploration property in Sinaloa, Mexico. The property hosts 14 high-grade silver-gold vein occurrences and historic small-scale mines containing mineralized veins with a cumulative strike length of more than eight kilometers that have never been drill tested. What did Mercado Minerals announce about community access at the Zamora Project? Mercado Minerals' wholly owned subsidiary, Concordia Silver Company S.A. de C.V., entered into a community access and exploration agreement with Ejido Rincon de Ibonia covering a portion of Zamora and the surrounding area. The agreement allows Mercado to commence the drill permitting process for the Campanillas area. What are the terms of Mercado Minerals' Zamora community access agreement? Mercado agreed to pay an annual fee of 100,000 Mexican pesos, effective immediately, with a one-year renewal option. The company will also pay 3,000 Mexican pesos for each drill pad constructed to help mitigate impacts on Ejido land. When could Mercado Minerals begin drilling at the Zamora silver-gold project? The company did not provide a specific drilling start date. Mercado said the community access agreement positioned it to advance and complete the drilling permit process at Zamora, while its technical team was conducting prospecting, logistics, mapping, and sampling ahead of a future drill program. What exploration work is Mercado Minerals conducting at Zamora? Mercado's technical team was prospecting, building camp infrastructure, and advancing logistics, mapping, and sampling. The work included preparing a portion of its concessions for reinstatement to good standing and sampling and mapping concessions already active and in good standing ahead of a future drill program. What are the historic silver and gold grades at Mercado Minerals' Zamora Project? Historic surface sampling at the Campanillas workings returned 14,561 grams per tonne silver and 15.53 g/t gold. At El Triunfo, historic sampling returned 1.00 meter grading 286 g/t silver and 2.54 g/t gold. Mercado cautioned that its qualified person had not independently verified the historical rock sample assay results and that the results should not be relied upon. What are Mercado Minerals' upcoming exploration milestones at Zamora? Mercado's July presentation showed surface sampling at Zamora across the third and fourth quarters, followed by drill target generation beginning in the fourth quarter and extending into the first quarter of 2027. Land consolidation and title security were also included in the company's planned Zamora work. What is happening with Mercado Minerals' Copalito drill program? Mercado's 3,000-meter diamond drill program at Copalito was more than 65% complete as of its July presentation. The program was designed to test extensions of known veins, conduct infill drilling, evaluate targets at depth, and drill newly identified targets. Additional assays from multiple vein targets were pending. What silver and gold exploration targets is Mercado Minerals testing at Copalito? Drilling was expanding 5 Señores and El Agua along strike and at depth while testing Pilar, El Medio, and El Chente. The program also included the first drill tests at SE 5 Señores and the El Pilar Sur extension. How have silver and gold prices performed in 2026? Trading Economics data on August 31 showed silver at US$67.167 per ounce, up 64.93% year over year, while gold was US$4,451.06 per ounce, up 27.99% over the same period. Silver had also risen 16.45% over the previous month, while gold had gained 9.74%. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </section> </div> </div> </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=32361"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32361" width="0" height="0"> ( Companies Mentioned: MERC:CSE;MRMNF:OTCQB;M2R:FSE, ) Mon, 31 Aug 2026 00:00:00 PST La Guitarra Silver Operation Delivers US$8.23M Q2 Revenues https://www.streetwisereports.com/article/2026/08/31/la-guitarra-silver-operation-delivers-us-8-23m-q2-revenues.html Source: <a href="https://www.streetwisereports.com/article/2026/08/31/la-guitarra-silver-operation-delivers-us-8-23m-q2-revenues.html?utm_medium=feed">Streetwise Reports 08/31/2026</a> Sierra Madre Gold and Silver reports strong Q2 results with US$8.23 million in net revenues from La Guitarra while advancing mill expansion and East District drilling plans.<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> posted <a href="https://sierramadregoldandsilver.com/system/uploads/auto-news-1787828907.pdf" target="_blank" rel="noopener">US$8.23 million in net revenues and US$1.58 million in gross profit for the quarter ended June 30, 2026, from its La Guitarra silver-gold operation in Mexico.</a> The company sold 123,483 silver-equivalent ounces and closed the period with US$22.2 million in cash plus US$25.0 million in working capital. These results arrive as silver prices have moved above US$70 per ounce, drawing fresh retail-investor attention to producers with operating cash flow and clear expansion timelines. Sierra Madre generated positive cash from operations of US$1.89 million in the first half of 2026, up from US$1.37 million a year earlier, while adjusted EBITDA reached US$3.5 million. <h2 style="text-align: center;">Why Q2 Results Matter for Retail Investors Right Now</h2> Silver traded at US$70.536 per ounce on August 28 after rising 22.36 percent in the prior month. <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">Trading Economics data dated August 28 showed silver at US$70.536 per ounce after the metal had climbed above US$70 and reached a more than two-month high</a>. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics also reported on August 28 that gold had reached US$4,606.29 per ounce.</a> Higher metal prices improve margins for companies already generating revenue and cash flow from existing mines. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>La Guitarra produced 137,313 silver-equivalent ounces in Q2 while throughput climbed to 672 tonnes per day.</li> <li>Phase I mill expansion to 750-800 tonnes per day remains on track for completion before the end of Q3 2026.</li> <li>East District drilling permits cover 22 pads and target up to 30 vein systems in a fully funded 30,000-meter program.</li> <li>Acquisition of the Del Toro silver mine closed in June after regulatory approvals, with exploration budgeted at US$12 million.</li> <li>Analyst coverage includes a Buy rating and CA$2.70 per share target from VSA Capital.</li> <li>Strong balance sheet and operating cash flow support both expansion and exploration.</li> </ul> <h2 style="text-align: center;">Company Advantages and Operational Position</h2> Silver revenues reached US$5.0 million at an average realized price of US$75.65 per ounce, while gold revenues totaled US$4.3 million at US$4,529 per ounce. The company processed 41,567 tonnes and achieved recoveries of 73.58 percent for silver and 67.97 percent for gold. Although costs rose during the ramp-up at Coloso and Nazareno, management added equipment, including a narrow-profile jumbo drill, two haul trucks, and additional scoops to support higher mining rates. <h2 style="text-align: center;">Expansion Progress and Near-Term Catalysts</h2> <a href="https://sierramadregoldandsilver.com/system/uploads/auto-news-1787828907.pdf" target="_blank" rel="noopener">The company reported that modifications to the existing mill and installation of larger-capacity pumps had increased daily throughput to as much as 672 tonnes per day</a>. A used ball mill rated at 900 tonnes per day is ready. Thickener tank construction was completed in mid-August, with testing underway, and a dry-stack tailings facility is permitted, with site work expected to begin in October. Phase II expansion to 1,200-1,500 tonnes per day is slated for Q3 2027 and requires no additional permits. <a href="https://sierramadregoldandsilver.com/system/uploads/26-8_SM%20Corp%20Presentation.pdf" target="_blank" rel="noopener">At La Guitarra, Sierra Madre's August 2026 corporate presentation outlined a two-stage expansion alongside a large East District exploration program</a>. Drilling bids have been received for a long-hole program from the permitted Tlacotal property, with the first holes expected in the second half of 2026. <h2 style="text-align: center;">Broader Precious-Metals Sector Timing</h2> <a href="https://www.fool.com/investing/2026/08/27/if-a-stock-market-crash-is-coming-history-says-the/" target="_blank" rel="noopener">In an August 27 report, The Motley Fool's Katie Brockman described increased uncertainty across financial markets as major U.S. stock indexes had declined during the previous two weeks. </a> <a href="https://www.cnbc.com/2026/08/28/gold-slips-as-fed-chief-warshs-jackson-hole-speech-looms.html" target="_blank" rel="noopener">Reuters reported through CNBC later on August 27 that precious metals markets had remained focused on interest rates and inflation ahead of Federal Reserve Chair Kevin Warsh's remarks at the Jackson Hole symposium, which occurred on Friday.</a> These macro conditions continue to support higher gold and silver prices. <h2 style="text-align: center;">Analyst Views and Valuation Context</h2> VSA Capital analyst Oliver O'Donnell highlighted the Eastern District drilling permits covering 22 pads as the start of a 30,000-meter program. He maintained a Buy rating and CA$2.70 per share target, noting that the combination of higher metal prices, positive cash flow, and a clean balance sheet creates an opportunity for systematic exploration across the district. [OWNERSHIP_CHART-10135] <h2 style="text-align: center;">Share Structure and Near-Term Events1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$348 million, with 261.3 million shares outstanding. The company's 52-week range is CA$0.84-CA$3.25. Institutions own 41.44% of shares, while Strategic Investor First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) owns 24.74%. Management & Founders own 19.21%, and the remaining shares are held by Retail. <h2 style="text-align: center;">Common Questions from Investors</h2> When will Phase I capacity be reached at La Guitarra? Management expects nameplate capacity of 750-800 tonnes per day before the end of Q3 2026, after additional foundation and electrical work on the larger mill. What is the status of the Del Toro acquisition? Sierra Madre closed the 100 percent acquisition in June 2026 following shareholder and Mexican antitrust approvals, with drilling planned to begin in mid-2027. How is the East District drill program funded? The 30,000-meter program is fully budgeted from treasury and operating cash flow, with no additional equity financing required. What are the next milestones for Del Toro? A possible Del Toro mine restart is budgeted at US$10 million over one year, with the budget designed to support an initial 800-tonne-per-day run rate and an eventual target of 1,600 tonnes per day. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd.</li> <li>Jordan Nova 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=32357"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32357" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Mon, 31 Aug 2026 00:00:00 PST The Commodity Supercycle Has Begun https://www.streetwisereports.com/article/2026/08/28/the-commodity-supercycle-has-begun.html Source: <a href="https://www.streetwisereports.com/article/2026/08/28/the-commodity-supercycle-has-begun.html?utm_medium=feed">Dominic Frisby 08/28/2026</a> Dominic Frisby of The Flying Frisby believes that three charts are saying natural resources are entering a multi-year period of outperformance.Today's post is short and simple. Investing is often best done that way. The short of it is this: a new commodities supercycle has begun. It's going to last several years. You want to be long natural resources and natural resource companies. The declining purchasing power of national currencies muddies the waters, but I should say that the eventual price of commodities, metals, grains, meats, fossil fuels, softs such as coffee and cotton, is lower. This is especially the case if you measure them using a constant unit of account such as gold. Unless you subscribe to peak oil theories and the like - that there is a finite amount of something and the resource is running out (and I have some sympathy with these arguments) - the simple fact is that we are getting better at producing these things. As we get more productive, their price heads lower. Once, we used manpower, picks, and shovels to mine metals. Now we use huge, great machines and robots. Grade may be declining, we may have to go to far-flung and inhospitable places to mine rock, just as demand is increasing, but human beings are also getting much better at mining. The same goes for farming. We are getting better at it. However, if prices fall too low, mines and farms close down. Investment dries up. This leads to shortages. Prices then go up to compensate, which leads to increased production, which leads to surfeits. Then prices fall again. Thus, commodities are highly cyclical, even if the broader direction of travel is lower. Cycles tend to last many years. It takes a long time to get a mine producing. The last great commodity supercycle was the noughties. The one before that, in broad brush terms, was the 70s. We are in another one now. And the charts are confirming it. <h2 style="text-align: center;">Exhibit A</h2> This first chart shows the SPDR S&P Global Natural Resources ETF, which owns natural-resource equities rather than the commodities themselves: It's a basket of resource companies, mining, energy, and agricultural. There is a huge, 15-year saucer base from roughly 2011 to 2026. There was a breakout from the major resistance zone, followed by a fall back to the zone for a retest, to kiss it goodbye, as they say. It has now broken out to new highs. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026828131122_be794d12-3b73-4eb0-abf6-528e49cd2ef0_700x500.jpg" alt="" width="700" height="500" /> $65 is your line in the sand. A sustained move below that and the breakout has failed. That's where you manage your risk. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026828131139_28cc01fb-a9f2-4a2b-a244-bd45cd3624e4_700x500.jpg" alt="" width="700" height="500" /> Silver has done something similar, by the way, though over a much longer timeframe. This chart is so bullish I couldn't not mention it. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026828131226_3131c186-eac4-444d-b2aa-11328bf5e1b9_700x5001.png" alt="" width="700" height="500" /> I'm always a bit hesitant with silver, as you know, but you absolutely must have some exposure in your portfolio, either to a miner or to some of the metal itself. You can start quoting silly numbers for silver, if you like — $200/oz and more. I wouldn't blame you. <h2 style="text-align: center;">Exhibit B</h2> Next, we have the ratio between the CRB, the Commodities Research Bureau Index, generally seen as a benchmark for commodities, and the S&P 500 over the last 30 years. When that chart is rising, commodities beat the S&P 500. When it is falling, the S&P 500 is the outperformer. Over the very long term, there is a powerful downward bias for reasons described above — improved productivity. But there are periods when that trend reverses, most obviously during the noughties commodity bull market. But on a relative basis, it's insane how historically depressed commodities have become. (Over a 50-year period, the chart is even more remarkable). But the ratio has tested essentially the same low three times since 2020 and refused to break down. It is now making higher lows. Is that a W I see before me? <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026828131300_c69a041b-d665-4695-bf4e-370158f4a1a7_700x500.jpg" alt="" width="700" height="500" /> Let's zoom in and look at the last ten years. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026828131321_76fcd09e-f8f9-45fb-a35a-c39729da3845_700x500.png" alt="" width="700" height="500" /> Again, you can see the clear line in the sand at around 0.0425. It went briefly below that during the insanity of COVID, when oil went negative. But to all intents and purposes, the red zone is the low. The ratio rallied hard in 2022, thanks in part to a certain invasion, then fell hard. But it never broke the 2020 low. It tested it, and the retest held. This year's pullback — which started with another war — held at around 0.0475 as well. We now have what looks very much like a major base, with a succession of higher lows. That is what I want to see. The bottom line is that I think we have several years of natural-resource outperformance ahead of us. It won't always be thus. Nothing ever is. But this isn't the bottom. The bull market has already started. What I see from the charts above is confirmation. Were I to compare this to the noughties bull market, I'd say we were somewhere around 2003-4 maybe. The secular low is behind us; some assets have already made enormous moves, but natural resources as a whole remain extraordinarily cheap relative to equities. There will be corrections. There will be scares. Some commodities will do considerably better than others. Wall of worry. But for now, the big asset-allocation call is simple: Be long. Keep it simple. And keep an eye on 0.0425 on that CRB/S&P 500 ratio. A sustained break below there would tell me the thesis is wrong. If you'd like to read more from Dominic, you can sign up for The Flying Frisby<a href="https://www.theflyingfrisby.com/" target="_blank" rel="noopener"> here</a>. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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> Dominic Frisby Disclosures: This letter is not regulated by the FCA or any other body as a financial advisor, so anything you read above does not constitute regulated financial advice. It is an expression of opinion only. Please do your own due diligence and if in any doubt consult with a financial advisor. Markets go down as well as up, especially junior resource stocks. We do not know your personal financial circumstances, only you do. Never speculate with money you can’t afford to lose. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32356"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32356" width="0" height="0"> Fri, 28 Aug 2026 00:00:00 PST