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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. Gold Developer Advances Imwelo Mine Toward Production in Tanzania https://www.streetwisereports.com/article/2026/05/20/gold-developer-advances-imwelo-mine-toward-production-in-tanzania.html Source: <a href="https://www.streetwisereports.com/article/2026/05/20/gold-developer-advances-imwelo-mine-toward-production-in-tanzania.html?utm_medium=feed">Streetwise Reports 05/20/2026</a> Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announces the closure of the second tranche of its non-brokered private placement of unsecured convertible debentures.<a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE)</a> announced the successful closure of the second tranche of its non-brokered private placement of unsecured convertible debentures, raising gross proceeds of CA$300,000, <a href="https://lakevictoriagold.com/lake-victoria-gold-closes-second-tranche-and-upsizes-convertible-debenture-financing-to-5-million-as-imwelo-development-activities-advance/" target="_blank" rel="noopener">according to a May 20 release</a>. This latest tranche brings the total aggregate gross proceeds from the financing to CA$3,834,200. Due to robust investor interest, the company said it is planning to expand the size of the Private Placement to potentially reach up to CA$5,000,000, pending approval from the TSX Venture Exchange and the finalization of additional subscriptions. The funds raised through the placement are earmarked for ongoing development efforts at the company’s fully permitted Imwelo Gold Project in Tanzania, the release said. These funds will support various activities including engineering, mine planning, infrastructure preparation, and field programs that are currently active at the site. "The continued support for this financing reflects growing confidence in Imwelo and our broader development strategy in Tanzania," Chief Executive Officer and Director Marc Cernovitch said. "Importantly, site activities are now actively underway, with sterilization drilling having commenced on May 12 in support of final infrastructure placement and detailed site engineering. With drilling and multiple technical workstreams progressing in parallel, we continue to advance Imwelo toward construction readiness while maintaining our focus on a disciplined pathway toward near-term gold production." <h2 style="text-align: center;">Co. Moving Forward With Several Strategic Initiatives</h2> The sterilization drilling program is part of the preparations for finalizing the infrastructure layout and detailed site planning for essential project components such as plant facilities, waste rock areas, haul roads, and additional surface structures. The drilling efforts are unfolding as planned, with eight out of the 21 boreholes already completed, which constitutes about 39% of the entire program, the company noted. So far, 411 meters have been drilled, with a target of reaching 1,050 meters. The drilling activities are expected to continue into early June, aiming to enhance the final placement of infrastructure, optimize site layout, support detailed engineering and mining operations, finalize pit design and scheduling, and aid ongoing geotechnical and development studies. Simultaneously, Lake Victoria Gold is moving forward with several strategic initiatives including the proposed Monetary Metals gold loan facility, procurement planning, and development sequencing to meet its short-term construction goals at Imwelo. Regarding its financial instruments, each Debenture issued by the company carries a 5% annual interest, payable semi-annually, and is set to mature 36 months from the issuance date. These Debentures are unsecured, ranking equally with other unsecured debts and are subordinate only to any secured debts that may exist now or in the future. Holders of these Debentures have the option to convert their holdings into common shares of the company at a conversion price of CA$0.30 per share at any time before the maturity date, with adjustments as standard. In a recent development, investors in the second tranche of the Private Placement were granted warrants to purchase up to 499,997 common shares, equivalent to 50% of the shares that could be obtained through the conversion of the Debentures, at a price of CA$0.40 per share over a 36-month period. To date, the company has issued a total of 6,390,324 warrants through the first and second tranches of the Private Placement. All securities issued in this placement are bound by a statutory hold period of four months and one day, as per Canadian securities regulations. Additionally, a finder's fee of CA$6,000 was paid to an independent finder for the second tranche of the placement, which is still awaiting final approval from the Exchange, the company said. <h2 style="text-align: center;">Drilling Will Shape Site Layout, Analyst Says</h2> In a detailed analysis dated May 6, Atrium Analyst Ben Pirie highlighted the critical role of the ongoing sterilization drilling program. "For context, sterilization drilling is a standard pre-construction step designed to confirm that planned facilities are not located over potentially mineralized material, ensuring infrastructure is optimally positioned and avoiding sterilization of any near-surface ounces," Pirie said. He pointed out that the outcomes of this three-week drilling endeavor would significantly shape the final site layout, engineering design, and the sequence of development. Alongside the drilling, LVG is vigorously pursuing other essential pre-construction tasks such as finalizing the pit design, planning and scheduling the mine, conducting geotechnical and engineering assessments, analyzing slope stability, and advancing roadwork and site preparations. These activities are pivotal for the forthcoming construction phase. Financially, LVG has increased its non-brokered convertible debenture financing from CA$3 million to CA$3.8 million due to strong investor interest, adjusting the conversion price to CA$0.30 per share. This financial maneuver coincides with the announcement of a US$25 million gold loan facility from Monetary Metals. Additionally, LVG is implementing mandatory conversion rights on its 2024 debentures, converting the remaining CA$217,000 outstanding into shares at CA$0.18 per share. These financial strategies aim to bolster LVG’s balance sheet and enhance its flexibility as it approaches the construction stage at Imwelo. Looking ahead, Pirie identified several key catalysts for LVG, including ongoing progress and drilling results from the Tembo Project in collaboration with Barrick, and the anticipated start of construction at Imwelo between the second and third quarters of 2026. He reaffirmed Atrium's Buy rating on LVG with a target price of CA$0.50, indicating a potential return of 79% at the time of the analysis. In a separate note dated April 2, Analyst Alina Islam from Red Cloud Securities discussed the financial strategy behind the Imwelo project, designed to minimize shareholder dilution while securing substantial and largely non-dilutive capital for the project's advancement. Despite its modest size with an expected steady state production of 24,000 ounces of gold annually, Imwelo holds strategic importance within the Lake Victoria Goldfield in Tanzania, according to Islam. She speculated that future cash flow from Imwelo could potentially support and enhance the company's Tembo project, which shares geological similarities with Barrick's 150,000 oz Au/yr Bulyanhulu mine. Islam also mentioned that the management is actively engaged in detailed negotiations with Nyati Resources (Private) regarding potential toll milling opportunities at Nyati’s CIP plant, located on Lake Victoria's claims. The Imwelo project, fully licensed for construction and production and situated just 12 kilometers west of AngloGold Ashanti's Geita mine, boasts a 10-year mining license. Recent evaluations have shown gold recoveries as high as 97% using a standard gravity + CIL processing technique. While Red Cloud Securities currently does not assign a rating or target price to the stock, Islam emphasized that operational advancements at Imwelo and exploration successes at the Tembo project could significantly influence the company's stock price, suggesting that "advancing Imwelo towards a start-up to generate cash flow, and successful exploration at the Tembo project, should drive the stock price." <h2 style="text-align: center;">The Catalyst: Gold Stabilizes on Optimistic War Outlook</h2> On Wednesday, gold prices saw a modest increase, influenced by the optimistic outlook for a resolution to the conflict with Iran, which eased some concerns about inflation and led to a decrease in U.S. Treasury yields from their recent peaks, <a href="https://www.cnbc.com/2026/05/20/gold-steadies-as-high-treasury-yields-offset-mideast-peace-hopes.html" target="_blank" rel="noopener">Reuters reported in a piece published on CNBC May 20</a>. The price of spot gold rose by 0.4% to US$4,499.72 per ounce after dropping to its lowest level in over seven weeks earlier in the day. Meanwhile, U.S. gold futures for June delivery decreased slightly by 0.2% to US$4,502.10. David Meger, the director of metals trading at High Ridge Futures, commented on the market dynamics, stating, "We've seen a reprieve from the continued increase in yields. So as a result, we've seen gold prices bounce off the recent lows." This comment came after the yield on the benchmark 10-year U.S. Treasury note declined following its reach to the highest level since January 2025 the previous day. The rise in Treasury yields generally heightens the opportunity cost of holding gold, which does not yield any interest. Meger further elaborated on the potential impacts of geopolitical developments on the gold market. He noted, "Any type of resolution to the war or opening of the Strait of Hormuz would be a positive for the gold market in so much as the expectation would be that interest rates would decline, and hence that would be opportunistic or helpful to the gold market." Despite a statement from U.S. President Donald Trump suggesting that the conflict with Iran could end "very quickly," the market remained cautious. The ongoing disruptions to Middle Eastern oil supply continue to pose risks, as higher fuel costs can lead to increased inflation, prompting central banks to maintain higher interest rates. Gold, often seen as a hedge against inflation, typically underperforms in environments where interest rates are high. Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. [OWNERSHIP_CHART-11073] Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year. Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt. Despite recent pressures on gold prices due to rising bond yields, inflation concerns, and a stronger dollar, brokerages maintain a positive long-term outlook for the precious metal. However, in the near term, several financial institutions have revised their gold price forecasts downward due to a decrease in investor demand and heightened expectations for interest rates. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Approximately 28% is owned by management and insiders, institutions hold 15%, and strategic corporate investors (including Barrick Mining Corp. and the TAIFA Group) own 23%. The remainder is retail. Top shareholders include AIMS Asset Management with 9.5%, Rostam Aziz with 8.02%, Simon Charles Benstead with 7.21%, Concept Capital Management Ltd. with 5.71%, and Walter David Scott with 3.01%. The company's market cap is CA$56.86 million. It has 199.5 million shares outstanding, according to the company, and trades in a 52-week range of CA$0.16 to CA$0.36. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lake Victoria Gold Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31244"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31244" width="0" height="0"> ( Companies Mentioned: LVG:TSX; LVGLF:OTCQB; E1K:FSE, ) Wed, 20 May 2026 00:00:00 PST Copper Hits Run Deep as Chile Drill Program Delivers 78 Meters at 1.70% https://www.streetwisereports.com/article/2026/05/15/copper-hits-run-deep-as-chile-drill-program-delivers-78-meters-at-1-70.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/copper-hits-run-deep-as-chile-drill-program-delivers-78-meters-at-1-70.html?utm_medium=feed">Streetwise Reports 05/15/2026</a> Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) reported new drilling results from Buen Retiro in Chile, highlighted by 78.0 meters grading 1.70% copper.<a href="https://www.streetwisereports.com/pub/co/10000?utm_medium=feed" target="_blank" rel="noopener">Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)</a> reported <a href="https://fitzroyminerals.com/news-releases/fitzroy-minerals-intersects-78.0-m-at-1.70-cu-from-58.0-m-including-40.0-m-at-3.02-cu-from-92.0-m-at-the-buen-retiro-copper/" target="_blank" rel="noopener">drilling and geophysical survey updates from the Buen Retiro Copper Project in Copiapó, Chile, including results from seven resource definition drill holes in the Southwest Area and findings from its Ambient Noise Tomography (ANT) survey.</a> The company said drill hole BRT-DDH059 returned 78.0 meters grading 1.70% copper from 58.0 meters, including 40.0 meters grading 3.02% copper from 92.0 meters. Drill hole BRT-DDH058 returned 75.0 meters grading 0.82% copper from 9.0 meters, including 8.0 meters grading 3.77% copper from 12.0 meters. The company stated that it has completed 39 drill holes totaling 6,885 meters since February 2026, consisting of 35 infill drill holes and four geotechnical holes. Fitzroy said the twin-rig program designed to define mineralization for a maiden mineral resource estimate in the Southwest Area is nearing its final stage. One rig remains focused on geotechnical work for the proposed pit area, while another has been assigned to shallow drilling in the Southwest Area and historical pit. <a href="https://fitzroyminerals.com/news-releases/fitzroy-minerals-intersects-78.0-m-at-1.70-cu-from-58.0-m-including-40.0-m-at-3.02-cu-from-92.0-m-at-the-buen-retiro-copper/" target="_blank" rel="noopener">Merlin Marr-Johnson, President and CEO of Fitzroy, said in a company news release: </a>"Fitzroy continues to intersect good grades close to surface at Buen Retiro, underscored by the drill intercept of 78 meters at 1.70% copper in drill hole 59." The company also reported results from Fleet Space Technologies' passive seismic ANT survey. According to Fitzroy, the survey confirmed the architecture of the project's main geological structures and identified interpreted alteration and brecciation zones at depths of one to two kilometers over an area measuring approximately 5 kilometers by 5 kilometers. A detailed infill survey spanning 2 kilometers by 3 kilometers is underway. Fitzroy stated that laboratory turnaround times continue to be slow. Results from seven drill holes were reported in this update, while assay results from an additional 24 drill holes remain pending and are expected to be released on a rolling monthly basis. <a href="https://fitzroyminerals.com/site/assets/files/5967/260515_ftz_may_final.pdf" target="_blank" rel="noopener">Additional project information was outlined in the company's May presentation materials</a>. <h2 style="text-align: center;" data-start="0" data-end="65">Copper Sector Continued to Draw Attention Despite Macro Pressures</h2> <a href="https://stockhead.com.au/resources/ten-bagger-despite-headwinds-copper-is-again-proving-its-metal/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-05-14-2026&utm_content=httpsstockheadcomauresourcestenbaggerdespiteheadwindscopperisagainprovingitsmetal&utm_medium=email&utm_campaign=CB%20NL%20May%2014&utm_content=CB%20NL%20May%2014+CID_ba39723ed48517e5d5d2e53ab23a9961&utm_source=Campaign%20Monitor&utm_term=Ten%20Bagger%20Despite%20headwinds%20copper%20is%20again%20proving%20its%20metal" target="_blank" rel="noopener">According to a May 14 report from Stockhead, copper prices climbed above US$14,000 per tonne to a record high on the London Metals Exchange,</a> even as broader market conditions reflected concerns around inflation, oil prices, and global growth. The report noted that inventories in London Metal Exchange warehouses had risen above 400,000 tonnes for the first time since 2013, creating what it described as "a massive contradiction hanging over the sector." Stockhead cited JP Morgan head of base and precious metals strategy Gregory Shearer, who wrote on April 24 that, "Despite the more supportive swing in Chinese fundamentals, bearish macro risks should continue to dominate in copper as long as energy prices remain on the rise in the near term, calling into question the extent of potential demand destruction." Shearer also noted that "each 1% fall in global GDP typically corresponds to a 1.2% hit in copper prices." At the same time, Lowell Resources Fund chief investment officer John Forwood discussed supply and inventory conditions that differed from surface market readings. According to the May report, Forwood said, "I think it is mainly a spike in demand, so it's pretty interesting." He also noted, "The visible copper inventaries on the exchange warehouses hit at least 12 year highs a month to six weeks ago. Now those are starting to come off." The report stated that some warehouse inventory represented bonded material held in storage rather than material readily available to buyers. Stockhead also reported that supply conditions had drawn attention because "20% of world copper supply comes from SX-EW (solvent extraction and electrowinning), which requires sulphuric acid, which has been impacted by the closure of the Strait of Hormuz." The publication further cited Forwood, who said, "When you dig a bit deeper, you can see the reasons why copper is (being) a little bit … counter-intuitive given the concerns about inflation and possible recession flowing on from that." <a href="https://www.kitco.com/news/article/2026-05-18/gold-silver-prices-firmer-gains-remains-capped-higher-oil-prices-strait?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=e8f65aab60-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-e8f65aab60-606677560" target="_blank" rel="noopener">According to a May 18 report from Kitco NewsWire, broader commodity and market conditions remained shaped by higher oil prices</a>, elevated Treasury yields, and U.S.-Iran tension around the Strait of Hormuz. The report stated that "global markets were defensive overnight," while WTI crude traded around US$101.77 a barrel and Brent crude was near US$110.05. Kitco also reported that the U.S. dollar index was near 99 after touching a six-week high, while the yield on the benchmark 10-year U.S. Treasury note traded near 4.6%. Additional commentary on May 18 reflected continued interest in the broader copper market. Chen Lin of the What's Chen Buying? What's Chen Selling? Newsletter wrote that, "I also added copper futures. I believe the breakout of copper is for real." He added that "after an initial breakout, it is not unusual to retest the breakout point," while describing current trading activity as a retracement following the earlier move. <h2 style="text-align: center;" data-start="0" data-end="68">Copper Commentary Focused on Exploration Targets and Market Strength</h2> <a href="https://www.streetwisereports.com/article/2026/05/04/the-bubble-is-back.html?utm_medium=feed" target="_blank" rel="noopener">In a May 4 contributed opinion, Michael Ballanger of GGM Advisory Inc. discussed copper market conditions and wrote</a> that "I see no evidence of any disruption in the copper bull whatsoever, and continue to accumulate copper juniors with advanced exploration projects and established resources." Ballanger also stated that copper had "been grinding higher since it put in its low around CA$5.23 back in early February." The same commentary discussed recent project developments and referenced a "5 km. wide anomaly" identified through a helicopter-borne MobileMT airborne electromagnetic and magnetic survey. Ballanger wrote that the significance of an upcoming deep induced polarization survey had been explained by management, with the assumption that the anomaly would carry "'chargeability,' which is a characteristic of sulphides associated with porphyry copper deposits." Ballanger also quoted commentary from an email alert regarding the survey process, writing: "I realize that this is a lot of information to absorb, especially for subscribers that are relatively new to the world of mineral exploration, but this IP survey will almost completely rule out other 'chargeable' materials, leaving the most likely material as 'sulphides'." He further wrote that, "Given that Fitzroy has already identified copper-moly-gold sulphides on the fringes of the system, the odds are that any big chargeability anomaly will have Cu-Mo-Au in the sulphides mix." Ballanger added, "The IP survey will increase our odds of discovery, which is why I am telling you." <a href="https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html?utm_medium=feed" target="_blank" rel="noopener">In a May 15 update, Ballanger wrote</a> that copper "remains the standout performer in the metals for the past few weeks" and noted that July copper had "eked out a modest 0.62% gain after hitting an all-time high at US$6.716/lb. on Wednesday." Ballanger attributed recent market activity to both supply and demand factors. He wrote that "Copper remains the standout performer in the metals for the past few weeks due to severe supply constraints and a surge in speculative demand linked to artificial intelligence infrastructure." He also stated that "there has been a critical disruption in the supply of sulfuric acid, which is essential for copper production," while adding that "smelter squeezes have caused processing fees to plunge to record lows, forcing output reductions just as global demand is hitting its peak." On the demand side, Ballanger wrote that "'AI' and data center buildouts, overall global electrification, and an export boom of copper-intensive clean-tech products from China are all contributing to boosting demand." He also wrote that "copper prices have 'shrugged off' the Iran-US war uncertainty, with investors shifting capital into physical assets like copper as a hedge against geopolitical risk." Ballanger later wrote that "The move to record highs in copper is a premonition of better days ahead for the red metal and all of the major producers and junior developers as well." The same commentary discussed recent drilling activity at Buen Retiro and referenced the reported intercept that stated: "Drill hole BRT-DDH059 returned 78.0 m @ 1.70% Cu from 58.0 m, including 40.0 m @ 3.02% Cu from 92.0 meters." Ballanger wrote that the stock had risen following the results and stated that "For a junior explorer, that is an exceptionally strong weekly performance and indicates the market is assigning increasing value to the Buen Retiro discovery." [OWNERSHIP_CHART-10000] <h2 style="text-align: center;" data-start="2137" data-end="2205">Drills, Surveys, and Development Work Continue Across Buen Retiro</h2> Fitzroy stated that a third diamond drill rig has now been dedicated to copper sulphide exploration at Buen Retiro. <a href="https://fitzroyminerals.com/site/assets/files/5967/260515_ftz_may_final.pdf" target="_blank" rel="noopener">The company outlined an initial drilling plan of 3,000 meters and said it anticipates expanding the program as ANT geophysical survey data is incorporated into target ranking.</a> The company also said it is finalizing a 5,000-meter reverse circulation drilling contract expected to begin next month. According to Fitzroy, the program will initially complete sterilization drilling around the historical pit area before shifting toward regional exploration across the project's 13,400-hectare concession package. Additional development activities outlined in company materials included environmental submission work targeted for the third quarter of 2026, a mineral resource estimate in the fourth quarter of 2026, and a pre-feasibility study in the first quarter of 2027. Presentation materials also outlined ongoing baseline surveys, metallurgical testing work, engineering studies and sulphide exploration drilling activities. <h2 style="text-align: center;" data-start="4772" data-end="4935">Ownership and Share Structure1</h2> Fitzroy Minerals Inc. has a market cap of CA$152.46 million, with 327.87 million shares outstanding. The company's 52-week range is CA$0.24-CA$0.73. Management and Insiders own 11% of shares, while Institutions own 2%. Strategic Investors own 25% of shares, and the remaining 62% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Fitzroy Minerals.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31240"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31240" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Fri, 15 May 2026 00:00:00 PST Gold Explorer With High-Grade BC Deposit Buys Land for Camp https://www.streetwisereports.com/article/2026/05/19/gold-explorer-with-high-grade-bc-deposit-buys-land-for-camp.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/gold-explorer-with-high-grade-bc-deposit-buys-land-for-camp.html?utm_medium=feed">Streetwise Reports 05/20/2026</a> Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) acquires a new property in British Columbia for a camp to support its Quesnelle Gold Quartz Mine Property. <a href="https://www.streetwisereports.com/pub/co/11131?utm_medium=feed" target="_blank" rel="noopener">Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE)</a> announced the acquisition of a new property in Hixon, British Columbia, which will serve as a camp location to support operations at the nearby Quesnelle Gold Quartz Mine Property in British Columbia, <a href="https://goldencariboo.com/news/golden-cariboo-camp-property-drilling-update-bc/" target="_blank" rel="noopener">a May 19 release said</a>. The company has secured a 5.36-acre property, strategically located with direct access to Highway 97, for a purchase price of CA$300,000. A deposit of CA$50,000 has been paid, with the remaining CA$250,000 due by October 30, 2026. This non-refundable deposit grants the company possession of the property prior to the finalization of the sale. Plans for the newly acquired site include the installation of an Atco 5 Unit Skid-Mounted Mobile Camp, which will facilitate the logistical needs of the mining operations. In addition to the property acquisition, Golden Cariboo Resources also provided an update on its drilling activities. The company said it has completed drilling of the borehole QGQ26-30, reaching a depth of approximately 402 meters at an orientation of 270°/-54°. This drilling aimed to target the western contact of the Halo zone from the same pad as QGQ26-29 and concluded in favorably altered volcanics approximately 235 meters west of its collar. Core logging of this borehole is currently underway. Further, the company announced this week that it initiated drilling of QGQ26-31, located about 70 meters north of QGQ26-30. This new drilling effort continues to focus on the western contact of the Halo Zone. Golden Cariboo Resources plans to provide updates on the progress of these activities as more information becomes available. <h2 style="text-align: center;">Results of Drill Hole QGQ25-28</h2> <a href="https://goldencariboo.com/news/golden-cariboo-drill-results-halo-zone-gold-intercept/" target="_blank" rel="noopener">Earlier this month, the company announced</a> the results of earlier drilling, including 0.41 grams per tonne (g/t) over a stretch of 364.98 meters in drill hole QGQ25-28. The company said the finding has expanded the northern boundary of the Halo zone. The assay also found 1.33 g/t silver over the same length of core. "This drill hole expands the known extent of our Halo deposit and shows lateral continuity of the system that bodes well for our upcoming maiden mineral resource estimate (MRE)," President and Chief Executive Officer Frank Callaghan said at the time. "This long drill intercept from near surface shows 149.6 gram-meters Au (gold), showcasing the scale of this system, (which is) ... fully accessible by logging roads, making this project ideal for year-round drilling. Additionally, the topography is relatively flat, allowing for easy access to the gold deposit." Further results from the hole include 1.93 g/t Au and 3.15 g/t silver (Ag) over 17.5 meters, 2.09 g/t Au and 1.75 g/t Ag over 22.92 meters, and 10.67 g/t Au and 9.9 g/t Ag over 0.63 meters, the release noted. Golden Cariboo recently disclosed the successful completion of a non-brokered private placement, which raised a total of CA$871,000, surpassing its initial subscription targets. The funds raised are designated for further exploration activities, specifically at the company's Quesnelle Gold Quartz Mine Property. This property is a key part of the historic Cariboo gold rush region and is advantageously located adjacent to Osisko Development, at the northern boundary of the Cariboo Gold Project. Quesnelle spans approximately 94,899 hectares and is situated along the Spanish and Eureka thrust faults. This area is historically known for its substantial gold production, with over 101 placer gold creeks along a 90-kilometer trend that continues to be actively productive. The Quesnelle Quartz mine, discovered in 1865, is easily accessible by road. The geological characteristics of the gold mineralization at Quesnelle bear similarities to those found at the Spanish Mountain gold deposit, approximately 120 kilometers southeast. The Spanish Mountain deposit is identified as a sediment-hosted vein (SHV) deposit, a category that includes some of the world’s largest gold deposits, such as Muruntau in Uzbekistan and Bendigo in Australia. <h2 style="text-align: center;">Drill Results Impressive, Analyst Says</h2> <a href="https://www.streetwisereports.com/article/2026/04/01/gold-co-hits-strongest-drill-result-yet-at-halo-zone-as-maiden-resource-estimate-signals-major-re-rating-potential.html?utm_medium=feed" target="_blank" rel="noopener">On March 27, Couloir Capital Analyst Ron Wortel reaffirmed a BUY rating on Golden Cariboo Resources</a>, setting a fair value estimate of CA$0.50 per share. This valuation indicates a potential 455% increase from the current share price, a projection supported by encouraging drilling results from the company's Halo zone and the commencement of a maiden NI 43-101 MRE. Golden Cariboo recently disclosed impressive drilling results, particularly from drill hole QGQ25-27, which encountered 0.89 g/t gold over 70.65 meters starting at a depth of 14.2 meters. This drilling further uncovered higher-grade subintervals, enriching the geological understanding of the Halo zone. Additional exploration, including drill hole QGQ25-28, reached approximately 755 meters depth, revealing significant geological features indicative of a potential extension of the mineral system. The forthcoming independent NI 43-101-compliant MRE will incorporate data from 28 company drill holes and up to nine historical drill holes, demonstrating robust confidence in the geological data collected. Moreover, the acquisition of 13 placer claim cells in the Halo zone for CA$60,000 is seen as a strategic enhancement to the project's potential and future development prospects. Couloir Capital also highlighted the strategic positioning of Golden Cariboo's operations within a district-scale land package of approximately 95,000 hectares, drawing comparisons to the nearby Spanish Mountain Gold Ltd. deposit. Financially, Golden Cariboo concluded 2025 with a strong cash position and substantial working capital. <a href="https://thedeepdive.ca/back-to-the-cariboo-gold-rush-history-meets-modern-discovery-golden-caribou/" target="_blank" rel="noopener">Jay Lutz of The Deep Dive commented on Golden Cariboo's active drilling endeavors in the Cariboo district</a>, noting the significant influence of Callaghan, who has come out of retirement to spearhead the exploration efforts. Lutz praised the promising early results under Callaghan's leadership and pointed out the company's relatively modest market capitalization compared to neighboring mining operations. He speculated on Golden Cariboo's potential to become a major influence in the future of this historically rich mining district, suggesting a promising outlook for growth and development in the area. <h2 style="text-align: center;">The Catalyst: Gold's Trajectory</h2> Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year. Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt.[OWNERSHIP_CHART-11131] Despite recent pressures on gold prices due to rising bond yields, inflation concerns, and a stronger dollar, brokerages maintain a positive long-term outlook for the precious metal. However, in the near term, several financial institutions have revised their gold price forecasts downward due to a decrease in investor demand and heightened expectations for interest rates. On Sunday, JPMorgan adjusted its average gold price forecast for 2026 downward to US$5,243 per ounce from a previous estimate of US$5,708, <a href="https://www.mining.com/web/brokerages-stay-bullish-on-gold-price-despite-near-term-pressure/" target="_blank" rel="noopener">Reuters reported on May 19 in a piece published by Mining.com</a>. This revision was attributed to a significant reduction in near-term demand, as interest from investor clients has notably diminished. According to JPMorgan analysts, this lack of interest is evident in various market indicators. They noted in a recent report that COMEX aggregate gold futures open interest and volume have remained low, net Managed Money futures open interest has stagnated at minimal levels, and there has been minimal activity in ETF flows. This adjustment by JPMorgan followed a similar move by ANZ, which on Friday lowered its year-end target price for gold to US$5,600, Reuters said. ANZ cited factors such as rising inflation expectations, higher yields, and a strengthening dollar as likely to continue exerting downward pressure on gold prices. Despite these near-term challenges, JPMorgan continues to hold a bullish stance for the medium term, anticipating that gold prices could reach as high as US$6,000 per ounce by the end of 2026. The bank predicts that demand for gold will pick up in the latter half of the year as uncertainties related to energy and inflation begin to dissipate, leading to renewed interest from investors and central banks. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Insider Callaghan, the CEO, holds 7.31%. The rest is in retail. There are no institutional investors at this time. The Canadian explorer has 106.86 million outstanding shares and its market cap is CA$11.88 million. Its 52-week range is CA$0.04–CA$0.12 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Golden Cariboo Resources Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Cariboo Resources Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31239"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31239" width="0" height="0"> ( Companies Mentioned: GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE, ) Wed, 20 May 2026 00:00:00 PST Silver Miner Delivers Massive 95% Revenue Surge in Mexico https://www.streetwisereports.com/article/2026/05/19/silver-miner-delivers-massive-95-revenue-surge-in-mexico.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/silver-miner-delivers-massive-95-revenue-surge-in-mexico.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) releases unaudited financial results for the first quarter. Find out why one expert who is bullish on silver sees upside in the stock.First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) released its unaudited condensed interim consolidated financial results for the first quarter ending March 31, 2026, <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-q1-2026-financial-results-and-increased-quarterly-dividend-payment-provides-management-updates" target="_blank" rel="noopener">according to a May 12 release</a>. The detailed financial statements and management's discussion and analysis are available on the company's website and can also be accessed through <a href="https://www.sedarplus.ca/home/" target="_blank" rel="noopener">SEDAR+</a> and <a href="https://www.sec.gov/search-filings" target="_blank" rel="noopener">EDGAR</a>. The company experienced a robust first quarter, with silver and gold production aligning well with its 2026 guidance targets, the release noted. There was a notable 95% increase in revenues year-over-year, amounting to US$476.7 million. This surge was primarily due to higher realized prices for silver and gold, despite the company retaining US$63.6 million worth of silver and gold bullion. Enhanced operational efficiency contributed to revenue growth outpacing the rise in costs, including variable costs like royalties and worker production bonuses, which tend to increase with the price of silver. This efficiency led to significant margin expansion. For this quarter, First Majestic reported net earnings of US$128.1 million, with earnings per share (EPS) at US$0.26. Adjusted net earnings were higher at US$151.7 million, or US$0.31 per share. The company also said it saw a 12% increase in throughput rates, which allowed for the optimization of lower marginal cut-off grades, improving overall profitability across all mine sites. However, reported per-ounce costs were higher, primarily due to unfavorable year-over-year changes in the silver equivalent (AgEq) conversion ratios, influenced by rising metal prices. Despite this, the higher metal prices overall positively impacted the company. In terms of cash flow, First Majestic generated US$223.5 million in free cash flow after accounting for US$95.5 million in cash income taxes, primarily for the year 2025. This marked a substantial increase from the US$43.5 million in free cash flow recorded in the first quarter of 2025. Operating cash flow before changes in working capital and taxes reached US$310.6 million or US$0.63 per share, up 182% from US$110 million or US$0.24 per share in the previous year. The company concluded the quarter with a record treasury of US$1,128.6 million, up 20% from US$937.7 million at the end of 2025, marking the highest treasury position in the company’s history. This includes US$143.8 million held in restricted cash, slightly down from US$144.3 million as of December 31, 2025. <h2 style="text-align: center;">Co. Highlights Cost Efficiency</h2> Mine operating earnings saw a dramatic increase to US$266.6 million, up from US$63.8 million in the first quarter of 2025, largely due to the higher metal prices, First Majestic noted. Earnings Before Income Tax, Depreciation, and Amortization (EBITDA) also rose significantly to US$306.8 million, compared to US$98.8 million in the prior year's first quarter. This improvement was primarily due to enhanced mine operating earnings and was further supported by US$13.4 million in investment income. The company also highlighted its cost efficiency, with cash costs and All-in Sustaining Cost (AISC) per attributable payable silver equivalent ounce for the quarter at US$20.28 and US$29.76, respectively. These costs are expected to decrease in the second half of the year. The AISC margin showed a significant improvement, standing at US$52.24 per silver equivalent ounce, compared to US$13.26 per ounce in the first quarter of 2025. Additionally, First Majestic declared a cash dividend of US$0.0171 per common share for the first quarter of 2026, nearly four times higher than the dividend in the same period last year. This increase reflects the company's strong financial performance and confidence in its continued growth. In terms of production, the company produced 3.5 million ounces (Moz) silver and 34,341 gold ounces in the first quarter of 2026. These figures represent 26% and 28% of the company's midpoint guidance for silver and gold production in 2026, respectively. However, there was a slight decrease in production compared to the first quarter of 2025, which saw 3.7 Moz silver and 36,469 gold ounces produced. The cash costs per attributable payable silver equivalent (AgEq) ounce for the quarter were US$20.28, up from US$13.68 per AgEq ounce in the first quarter of 2025, the release said. This increase was primarily due to a decrease in AgEq ounces produced and was further influenced by higher metal prices, which affected labor production bonuses, mining and milling rates, and royalty payments. Additionally, the strengthening of the Mexican peso against the U.S. dollar, which was 14% stronger on average during the quarter, also impacted cash costs. <h2 style="text-align: center;">A Dominant Player in the Silver Market, Analyst Says</h2> According to an updated research note by Analyst Heiko F. Ihle for H.C. Wainwright & Co. on May 12, First Majestic reported a substantial increase in revenue, reaching US$476.7 million, up from US$243.9 million in the first quarter of 2025. This growth translated into a significant rise in net income attributable to shareholders, which was US$128.1 million, or US$0.26 per share, compared to just US$2.3 million, or US$0.01 per share, in the same period last year. The impressive revenue growth was largely driven by the strong market prices for gold and silver, which averaged US$5,018 per ounce and US$86.35 per ounce, respectively, marking increases of 81% and 161% year-over-year. First Majestic also reported a robust cash position, with cash and cash equivalents totaling US$984.8 million after generating US$223.5 million in free cash flow during the quarter. Looking forward, the company is well-prepared financially to restart operations at Jerritt Canyon and to explore additional mergers and acquisitions opportunities. Management is actively returning value to shareholders through ongoing share repurchase programs and a recent increase in dividends to 2% of net revenue. Despite facing cost pressures, including a 55% year-over-year increase in all-in sustaining costs (AISC) to US$29.76 per silver equivalent ounce, the company managed to expand its AISC margin significantly to US$52.24 per ounce. This expansion is nearly four times the margin of US$13.26 per ounce recorded in the first quarter of 2025. These cost pressures were primarily due to the strengthening of the Mexican Peso and changes in the silver equivalent conversion ratio. First Majestic is actively pursuing its plan to restart Jerritt Canyon, targeting production in the second half of 2027, while also progressing towards achieving a sustainable production rate of 4,000 tonnes per day at Los Gatos by the second half of 2026, Ihle said. The company's strategy to expand margins and increase throughput is expected to support substantial growth in cash flow in the near to intermediate term. Given these developments, First Majestic is positioned as a dominant, cash-rich player in the silver market, poised for further growth due to its significant margins and well-funded growth initiatives, the analyst noted. The company's stock continues to hold a Buy rating, with a slightly increased price target of US$30.75, up from US$30. This adjustment is based on minor updates to the balance sheet, particularly the recent cash and cash equivalents balance. The valuation remains grounded in several discounted cash flow models for the company's core assets, applying a 6.0% discount rate to key projects and maintaining a 3x net asset value multiple, reflecting the geopolitical risk factors comparable to other firms in the coverage universe and recent mergers and acquisitions in the precious metals space. <h2 style="text-align: center;">'A Perfect Uptrend Line'</h2> On May 18, Chen Lin of What is Chen Buying? What is Chen Selling? remarked about the company: "From the longer-term point of view, silver had a perfect retracement to (the) US$75 area. This is a trend line support. I am buying silver here. I bought some silver futures to test the water. I am also buying back my former top silver position AG here and made (it) my number 3 silver producer. My top silver producers are Couer Mining/Silvercorp Metals/AG right now. AG is now sitting on a perfect uptrend line and is trading at much lower prices than I sold early this year." <a href="https://stockinvest.us/stock/AG" target="_blank" rel="noopener">An AI analysis of the stock on StockInvest.us on May 19 noted</a> that the stock "finds support from accumulated volume at $19.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested." It continued, "Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance." <h2 style="text-align: center;">The Catalyst: Silver's Price to Increase, Then Fall Back?</h2> James Steel, the chief precious metals analyst at HSBC, recently updated the bank’s forecast for silver prices, presenting a nuanced view of the market's future, <a href="https://www.thestreet.com/investing/hsbc-raises-silver-price-target-for-the-rest-of-2026" target="_blank" rel="noopener">according to a report by Hillary Remy for The Street on May 18</a>. HSBC has increased its average silver price prediction for 2026 to US$75 per troy ounce, up from the previous estimate of $68.25, Investing.com, according to Remy. For 2027, the forecast has been raised to US$68 per troy ounce from US$57. Despite these upward revisions, HSBC has set its year-end targets for 2026 and 2027 at US$70 and US$65 respectively, which are below the current spot prices. This indicates that the bank anticipates a weakening in silver prices in the latter half of both years, as confirmed by InvestorsHub. Steel provided a clear rationale for the seemingly contradictory forecasts. He explained that while silver has shown strength, the factors driving its rise are expected to diminish as the year progresses. “Moderating deficits, in our view, will not be sufficient to propel silver sharply higher for prolonged periods,” he stated, suggesting a tempering of market optimism in the near future. Additionally, Steel highlighted a potential widening in the gold-to-silver ratio, which could lead to silver prices easing even if gold prices continue to rally. This serves as a caution to investors who might assume that silver will automatically track gold’s gains. The basis for HSBC’s revised forecasts centers on the expected changes in the silver supply deficit. The bank projects that the global silver market deficit will decrease significantly, from 143 Moz in 2025 to 73 Moz in 2026, and then further to just 25 Moz in 2027. This anticipated reduction is attributed to stable mine production, which is expected to be around 848 Moz in 2026 and increase to 868 Moz in 2027, coupled with a rise in recycling supply from 197 Moz in 2025 to 216 Moz in the current year. These supply increases, while not dramatic, are occurring against a backdrop of softening demand, which significantly alters the deficit calculations and impacts the overall market dynamics for silver, Remy wrote. This complex interplay of factors forms the core of HSBC’s updated outlook, providing a detailed and specific analysis of the silver market’s trajectory over the next few years. Nicky Shiels, head of research and metals strategy at MKS PAMP, recently shared her insights on the trajectory of gold and silver prices in light of the ongoing Iran conflict, <a href="https://www.kitco.com/news/article/2026-05-19/gold-will-hit-5800-ath-december-silver-has-highest-upside-platinum-has" target="_blank" rel="noopener">according to a May 19 report by Ernest Hoffman for Kitco News</a>. Despite the challenges posed by the war, Shiels remains optimistic about the prospects for gold, predicting that it will reach a new all-time high of US$5,800 per ounce before the end of the year. She anticipates a 30% gain for gold in 2026, maintaining an average price of US$4,500 per ounce for the year.[OWNERSHIP_CHART-406] Shiels explained that gold has transitioned from being primarily a hedge against currency debasement to acting as an inverse proxy for oil prices during the current conflict. Although this correlation has recently weakened, she believes the stagflationary environment will continue to support gold's value. In the short term, she expects gold prices to consolidate, with prices below US$5,000 per ounce being reasonable given the current oil prices and a dip in physical demand during the summer. However, she forecasts that prices will rise above US$5,000 in the second half of 2026. Looking towards the more distant future, Shiels expressed an even more bullish stance, suggesting that it is "unlikely, but possible" for gold prices to reach US$10,000 per ounce by 2030, she said. She bases this projection on the potential for real assets to continue appreciating and the possibility of a significant shift by U.S. institutional investors from equities to gold. Shiels elaborated on various narratives that support such high valuations, often viewing gold through the lens of debasement and adjusting for historical relative values compared to the stock market, U.S. debt, and the foreign-held portion of U.S. debt. <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 1% of the company is held by insiders and management, about 60% by institutions, and about 39% by retail. Its market cap is US$10.06 billion with 492.97 million shares outstanding. It trades in a 52-week range of US$5.55 and US$32.04. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of First Majestic Silver Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31237"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31237" width="0" height="0"> ( Companies Mentioned: AG:TSX; AG:NYSE; FMV:FSE, ) Tue, 19 May 2026 00:00:00 PST Gold Mining Co. Delivers Strong Q1 2026 Results Out of Idaho https://www.streetwisereports.com/article/2026/05/19/gold-mining-co-delivers-strong-q1-2026-results-out-of-idaho.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/gold-mining-co-delivers-strong-q1-2026-results-out-of-idaho.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) boosted Q1 revenue 99% and EPS 233% while increasing gold production and advancing key Idaho projects.Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) released its <a href="https://idahostrategic.com/idaho-strategic-reports-record-first-quarter-2026-operating-and-financial-performance/" target="_blank" rel="noopener">Q1 2026 financial and operating results</a> on May 14, 2026. The company maintained its profitability while growing gold production and reinvested some of the profit into near-mine exploration opportunities and capital projects on its Idaho mining site. Financial highlights are as follows: <ul> <li>Revenue was up 98.97% at US$14, 482,286 in Q1 2026, compared to US$7,278,536 in Q1 2025</li> <li>Total cost of sales was up 37.34% at US$4,917,388 in Q1 2026, compared to US$3,580,450 in Q1 2025.</li> <li>Gross profit was up 158.64% at US$9,564,898 in Q1 2026, compared to US$3,698,086 in Q1 2025.</li> <li>Net income attributable to IDR was up 297.02% at US$6,387,992 in Q1 2026, compared to US$1,608,979 in Q1 2025.</li> <li>Earnings per share (EPS) were up 233.33% at US$0.40 in Q1 2026, compared to US$0.12 in Q1 2025.</li> <li>The average realized gold price was up 65.06% at US$4,702.04 in Q1 2026, compared to US$2,8448.74 in Q1 2025.</li> </ul> Operational highlights span several topics, but overall performance highlights are as follows: <ul> <li>Ore tonnes processed: 11,290 in Q1 2026, compared to 11,337 in Q1 2025.</li> <li>Average flotation feed grade (gpt): 9.68 in Q1 2026, compared to 8.67 in Q1 2025.</li> <li>Ounces produced: 3,234 in Q1 2026, compared to 2,900 in Q1 2025.</li> <li>All-in sustaining cost per ounce: US$1,868.07 in Q1 2026, compared to US$1,430.90 in Q1 2025.</li> </ul> Idaho Strategic’s President and CEO, John Swallow, stated, "Our goal for the year was to build on a strong 2025, and as evidenced in our record first quarter results, the team has met these expectations. From increased production to expanded exploration and drilling programs, our business plan is working as designed. In addition to the two drills dedicated to resource conversion and exploration drilling at the Golden Chest, permitting is in place for drill programs this year at two projects in the Murray Gold Belt (Little Baldy and Niagara) and at two of our REE prospects (Lucky Horseshoe at Lemhi Pass and Cardinal at Mineral Hill) near Salmon." In reference to the company's forward momentum, Swallow continued: "We are one of the few junior mining companies that put a mine into production when our industry was out of favor, so that we could take advantage of opportunities when the tailwinds arrived. To that end, we followed up our acquisition of Hecla's Toboggan landholdings in Q3 2025 with the execution of a long-term lease agreement on the nearby Niagara project during Q1 2026, adding potentially significant copper-silver exposure to the company. Both of these additions were essential to consolidating the Murray Gold Belt District and provides the company with high-quality exploration targets that will last many years into the future." Other achievements from the start of 2026 are finalizing exploration plans for both Mineral Hill and Lemhi Pass in the upcoming field season, as well as major catalysts for Golden Chest. Idaho Strategic lists Q1 2026 Golden Chest highlights as follows: <ul> <li>Mined approximately 11,290 tonnes of ore from underground stopes on the H-Vein.</li> <li>Completed a total of 193 meters of development in the main access ramp (MAR) and associated workings, including an escapeway/ventilation raise. A record total of 4,008 cubic meters of CRF backfill was placed during the quarter.</li> <li>Processed a total of 11,290 dry metric tonnes ("dmt") at the Company’s New Jersey Mill with a flotation feed head grade of 9.68 gpt gold and gold recovery of 92.1%.</li> <li>Some long lead items for the Murray Mill were delivered, such as a jaw crusher and a cone crusher, and additional underground mining equipment, including two four-yard LHDs, were delivered to the mine during the first quarter.</li> <li>An exploration program consisting of surface and underground core drilling was continued during the first quarter at the Golden Chest. A total of 8,700 meters of drilling was completed at the Golden Chest, targeting the Paymaster, Red Star, Katie-Dora, and the H-vein.</li> </ul> The company has filed its financial statements with the SEC on EDGAR, and further notes are available there. Idaho Strategic Resources Inc. is an American, Idaho-based mining company that focuses on gold and rare earth elements, as well as thorium, copper, and silver. <h2 style="text-align: center;">Gold is at a Slight Low, Still Projected to Grow</h2> On the morning of Tuesday, May 19, 2026, "Spot gold was trading near US$4,524.10 an ounce, down 0.90%," <a href="https://www.kitco.com/news/article/2026-05-19/gold-breaks-below-4540-silver-tests-75-yields-rise-hormuz-talks-cap-oil" target="_blank" rel="noopener">reported Kitco</a>. The article went on to say, ". . . the 10-year Treasury yield is holding near the 4.6% area after Monday’s Treasury close at 4.61%." The ongoing conflict between the U.S. and Iran has created uncertainty in the metals market, leading rates to bounce up and down. Continuous threats between the Trump administration and the Iranian government have kept investors nervous, and Kitco said, "The Strait of Hormuz remains the central geopolitical variable for energy, rates, and precious metals. Oil prices pulled back after President Donald Trump paused a planned strike on Iran to allow more time for negotiations, but the waterway is still effectively constrained, and crude remains above $100 a barrel. The current market effect is two-sided for <a href="https://www.kitco.com/charts/gold" target="_blank" rel="noopener">gold</a>: geopolitical risk supports defensive demand, while US$100-plus WTI, Brent above US$110, and gasoline inflation keep yields elevated and reduce the appeal of non-yielding assets." Others are more confident in gold's future. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. [OWNERSHIP_CHART-11018] <h2 style="text-align: center;">Analyst Sees Incredible Management Team</h2> On May 18, 2026,<a href="https://www.streetwisereports.com/article/2026/05/18/gold-producer-targets-massive-production-growth-in-idahos-murray-belt.html?utm_medium=feed" target="_blank" rel="noopener"> Mike Niehuser of ROTH Capital Partners reiterated a "Buy" rating</a>, with a US$45 price target, for Idaho Strategic, calling the company "built for all seasons." "We believe that, on a per-capita basis, IDR has one of the best management teams in the sector," Niehuser wrote. "Also, IDR possibly has the highest financial liquidity relative to ounces of gold produced. These metrics, in combination with other characteristics described in this report, make IDR stand out among its peers." <h2 style="text-align: center;">Building New Projects</h2> According to its <a href="https://idahostrategic.com/wp-content/uploads/2026/05/IDR-Spring-2026.pdf" target="_blank" rel="noopener">investor presentation</a>, the company has more than 30,000 meters of drilling planned throughout 2026 and is investing time and resources into building a mill at its Murray project. Further drilling results are forthcoming in the near future. <h2 style="text-align: center;">Ownership & Share Information1</h2> Idaho Strategic has a market cap of US$579.75 million, with 15.81 million shares outstanding. The company's 52-week range is US$12.25-US$54.70. Institutions own 46.71% of shares, while Management & Insiders own 5.54%. The remaining 47.75% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Idaho Strategic Resources Inc.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31236"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31236" width="0" height="0"> ( Companies Mentioned: IDR:NYSEAMERICAN, ) Tue, 19 May 2026 00:00:00 PST Athenian Foreboding https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/athenian-foreboding.html?utm_medium=feed">Michael Ballanger 05/15/2026</a> Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the markets.As I was doing my early-morning reading on Friday, I came across a report that made reference to Chinese Premier Xi in his address to the American delegation that included the President as well as several of America's "Titans of Industry". As I was poring through the report, the best word to describe my emotional state was "epiphany," defined as "a sudden moment of insight or realization when something becomes clear in a way it wasn't before". It was also a feeling that had eluded me for some sixty-four years, because the last time I felt this was in 1962 when our home room teacher ordered the entire class to crawl under our desks as soon as the fire alarm sounded. This was not a "fire drill", though. It was a "nuclear attack drill" as at the time, the West was heavily embroiled at the very peak of the Cold War with the Union of Soviet Socialist Republics (the "U.S.S.R"). During his address to the Americans, Premier Xi made mention of the "Thucydides Trap", to which the American president responded with a blank stare. This concept was named after the ancient Athenian historian Thucydides, who wrote that "It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable," referring to the Peloponnesian War. When an emerging power (like Athens or, in this case, China) challenges a dominant power (like Sparta or, in this case, the U.S.), the resulting fear, tension, and strategic maneuvering make war highly likely. Many podcasters and newsletter writers are too young to have experienced the sense of foreboding that a septuagenarian like me experienced when pictures of hydrogen bombs exploding over the Bikini Atoll in 1954 surfaced on daytime TV. Everyone was acutely aware of "tensions" between U.S. President Kennedy and Soviet Premier Khrushchev during the Cuban Missile Crisis of October 1962, but it was actually decades later that we learned how critically close they came to nuclear war. A last-minute order countermanded by a young Soviet naval officer allowed cooler heads to prevail, but no one in the mainstream media knew about it or reported it. The fact that Premier Xi made reference to Thucydides Trap is a public acknowledgment that he sees his nation, formerly a primary agrarian society of rice farmers and field workers, as being " in full and open competition" with the West. Xi sees China as the modern version of "rising Athens" trying to stay ahead of the ever-fearful Sparta-in-decline (the U.S.). The last time I saw a foreign leader openly challenging the West was that same former Soviet Premier Nikita Khrushchev banging his shoe on a desk in October 1960 during a meeting of the U.N. General Assembly in New York City. Such defiance was not treated kindly by the West, nor were Premier X's remarks this week. The world did take notice, though, as the recent moonshot in Korean stocks abruptly reversed, closing down over 6% in what appeared to be merely a violent correction in an overheated market. Pundits shrugged it off as being "healthy" and "long overdue," but what followed later, when Western markets opened, was more of the same as the NASDAQ and the S&P 500 both gave back over 1% with the blistering Philadelphia Semiconductor Index ($SOX:US) losing over 3%. The U.S. president preferred to differ with the negative reports circulating around the blogosphere on Thursday. He was quoted as saying, "We're going to have a fantastic future together," but if that were true, easing geopolitical tensions should have caused oil to sell off, but lo and behold, oil actually rose 3.62%, with the spot crude futures exceeding $105.50 at one point. Also responding negatively to the event of the Summit was the U.S. bond market, where the yield on the U.S. 30-year Treasury Bond exploded up and through the all-important "Line-in-the-Sand" at 5%. I have been writing about this important level for the better part of a year, and with today's huge drop in the long bond price, the yield at noon on Friday had exploded to over 5.12%. If this were a stock, the CNBC Talking Heads would be blabbering all over the TV screen about the "powerful breakout" with the uptrend being "totally intact" and therefore a "strong buy". They are strangely silent today in their coverage of the fixed-income markets. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519103929_1.png" alt="" width="624" height="398" /> The difference in interest payments to holders of the 30-year bond between the March 2020 "Covid Crash" lows, just under 1%, and the current yield at 5.1202% on $40 trillion of debt is staggering. While not all government debt is constituted by the 30-year Treasury bond, if all of that debt were in long bonds, the annual interest cost in March 2020 would have been approximately US$396 billion, versus the U.S. Defense Budget in 2020 at $778 billion. Today, however, the annual interest expense would rise to US$2.048 trillion for a difference of US$1.652 trillion, which is about 60% higher than the estimated 2026 Defense Budget. Passing this milestone does not necessarily infer a) an immediate fiscal crisis, b) imminent default, or c) a loss of reserve-currency status. However, there are negative repercussions related to a) long-term bond yields, b) inflationary expectations, c) currency sentiment, and d) politics related to "fiscal reform". Of course, the U.S. is a master class in "kicking the can down the road". As long as the equity markets continue to rise, politicians are content to raise the debt ceiling each and every year into infinity. Returning to the China-U.S. Summit, the significance of Premier Xi's reference to the Thucydides Trap is not so much that he openly admitted that he and Trump are adversaries, but more in the manner that the western media chose to ignore it. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519103959_2.png" alt="" width="624" height="278" /> With the S&P 500 up over 16% in the past six weeks, the level of complacency is literally unprecedented, especially when the majority of stocks found in the S&P 500 index are trading below their 50-dma lines. Only 43.93% of stocks found in that index have been able to exceed their 50-dma lines, and what this infers is that the rally has been confined to a relatively small group of (primarily) technology issues, with specific attention being paid to the semiconductors, which are up over 69% since March 30th. In fact, the only other period in which the semiconductors did better was during the March 2000 "blow-off top" that led to the dot.com crash and meltdown. No one cares about oil over $100, long rates over 5%, stocks with narrow leadership, or a Chinese premier alluding to the potential for armed conflict with the West. They have all been trained to expect that the Fed and/or the Treasury will move to rescue stocks at every turn, regardless of cost, and they may in fact be right as long as their leader uses the "record stock prices" as a personal benchmark for the execution of office. <h2 style="text-align: center;">Metals</h2> Metal prices had a decent week, with the standout being copper, that is, until Friday, when the combination of the strong USD and rising oil took gold down 2.78%, copper down 4.91%, but poor silver got hammered, closing down 10.15% on the day. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519104032_3.png" alt="" width="624" height="472" /> For the week, June gold was down 3.3%, July silver was down 4.82%, but July copper eked out a modest .62% gain after hitting an all-time high at $6.716/lb. on Wednesday. Copper remains the standout performer in the metals for the past few weeks due to severe supply constraints and a surge in speculative demand linked to artificial intelligence infrastructure. Thanks largely to the disruptions in the Strait of Hormuz, there has been a critical disruption in the supply of sulfuric acid, which is essential for copper production. Also weighing in is the Chinese export ban expected to last until next December. The problems at Freeport-McMoRan Inc.'s (FCX:NYSE) Grasberg Mine continue, while smelter squeezes have caused processing fees to plunge to record lows, forcing output reductions just as global demand is hitting its peak. On the demand side, "AI" and data center buildouts, overall global electrification, and an export boom of copper-intensive clean-tech products from China are all contributing to boosting demand. You cannot rule out tariff "front-running" where traders have been hoarding copper to avoid the impact of future White House actions, and lastly, copper prices have "shrugged off" the Iran-US war uncertainty, with investors shifting capital into physical assets like copper as a hedge against geopolitical risk. That was until the Summit ended and the bond market decided to act up. And until the dollar started to spike. And yields. And so on. And so forth… The metals reacted exactly as free markets should react. Sellers came in and re-priced the outlook for industrial demand for copper and safe-haven demand for gold and silver all based upon a dismal outlook for global trade with Xi and Trump staring across the table at one another. Stocks finally got the memo and went out with a loss on the Friday session but because of these bizarro markets, for the week, the Dow was flat while the S%P 500 was up .12% and the NASDAQ was up 1.5-2.0%. The move to record highs in copper is a premonition of better days ahead for the red metal and all of the major producers and junior developers as well. As for stocks, well, stay very much alert because they can remain irrational far longer than we can remain solvent (thanks to Mr. Keynes). <h2 style="text-align: center;">Fitzroy Minerals</h2> The only real news of significance for the week was a strikingly good intercept of copper mineralization by Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)at their Buen Retiro project in Chile. The company reported that "Drill hole BRT-DDH059 returned 78.0 m @ 1.70% Cu from 58.0 m, including 40.0 m @ 3.02% Cu from 92.0 meters." This sent the stock up 27% on Thursday. Despite Friday's pullback, it was up approximately 22% for the week, driven by strong copper drill results and continued advancement of its Chilean projects. For a junior explorer, that is an exceptionally strong weekly performance and indicates the market is assigning increasing value to the Buen Retiro discovery. As I wrote in February, after the PDAC event in early March, the junior explorers and developers tend to move into minor funks with only event-driven moves triggering demand. The juniors tend to grab a bid in mid-late August in anticipation of the return of the mining speculators from summer holidays, including cottages, travel, and back-to-school expenses that tend to distract investors away from the juniors. This is why I like to focus on the companies that include exploration drilling in their activities, because sticking with just the producers leaves you totally vulnerable to major market and commodity price volatility. It is clear from the chart posted below that selling in the late winter was the appropriate move, as we have seen a series of lower highs and lower lows since then. The TSXV needs to buck that trend and begin to take out the late-February and mid-April highs while staying above the March lows. The late-January high coincided with the blow-off top in the metals in late-January, so the juniors will undoubtedly need cooperation from metal prices before taking a run at the 1,177 level last touched on January 26. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026519104122_4.png" alt="" width="624" height="570" /> All in all, we are rapidly moving toward the arrival of summer, a period of time at least in North America where trading volumes (and liquidity) recede but if the basket of juniors one holds contains well-funded, active juniors able to generate value-adding events such as drill results, revised resource estimates, preliminary economic assessments, or full or pre-feasibility studies, then the doldrums of summer may not be a factor. All companies held in the GGMA portfolios are going to be "event-driven" all year long with full treasuries and active programs. Whenever I am speaking to a CEO of a junior miner, I like to remind them of the words of the most successful mining entrepreneur of all time, Robert Friedland, who said: "Promoting a stock is like making a movie. You've got to have stars, props, and a good script". Pretty simple stuff, but few use it… <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Fitzroy Minerals Inc. </li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Freeport-McMoRan and Fitzroy Minerals Inc. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31235"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31235" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, FCX:NYSE, ) Fri, 15 May 2026 00:00:00 PST Mining Co. Delivers Record Financial Results for Mexico Project https://www.streetwisereports.com/article/2026/05/19/mining-co-delivers-record-financial-results-for-mexico-project.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/mining-co-delivers-record-financial-results-for-mexico-project.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) reports quarterly record net income of US$15.9M as higher silver prices and operational upgrades fuel strong gains.Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) announced its first unaudited condensed interim consolidated<a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener"> financial results</a> for the first quarter of 2026 on May 13, 2026. The press release encompasses both financial and operational highlights for Q1 2026. In the release, Avino's president and CEO, David Wolfin, said, "During the first quarter, Avino delivered record financial performance driven by improved mill performance, strong metal prices, and a disciplined approach to capital management. Avino's silver equivalent per ounce margins were significantly higher than previous quarters and we remain in our strongest financial position in company history. Our robust balance sheet provides a solid foundation to support our transformational growth plan as we advance toward becoming a Mexico-focused mid-tier primary silver producer. We believe Avino is well positioned to continue delivering long-term value for our shareholders." The company listed <a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener">financial highlights</a>, reporting: <ul> <li>The company achieved a record US$39.4 million in revenues for Q1 2026, an increase of 109% from Q1 2025 and 29% from Q4 2025, [the] previous quarterly record. In Q1 2026, 60% of revenues were derived from silver production at an average realized price of US$86.42 per ounce.</li> <li>Mine operating income was US$23.4 million, an increase of 122% from Q1 2025 and 31% from Q4 2025.</li> <li>Earnings, or net income after taxes, was US$15.9 million, or US$0.09 per diluted share, both representing quarterly records.</li> <li>EBITDA was US$25.5 million, an increase of 163% from Q1 2025 and 77% from Q4 2025. Adjusted earnings were US$24.3 million, or US$0.14 per share, an increase of 150% and 100%, respectively, from Q1 2025, and an increase of 49% and 40%, respectively, from Q4 2025.</li> <li>The company generated operating cash before working capital movements of US$18.7 million, an increase of 154% compared to Q1 2025.</li> <li>Mine operating cash flows before taxes were a record US$26.7 million, an increase of 134% from Q1 2025, and 41% from Q4 2025.</li> </ul> <a href="https://www.stockwatch.com/News/Item/Z-C!ASM-3820149/C/ASM" target="_blank" rel="noopener">Operational highlights</a> from Q1 2026 include: <ul> <li>60% of the company's Q1 2026 revenues came from the sales of silver processed from the production material from the Avino Mine and development material from La Preciosa at an average realized price of US$86.42 per silver ounce.</li> <li>In Q1 2026, Avino achieved an 11% year-over-year increase in mill throughput, reflecting the success of targeted upgrades and automation initiatives implemented by our operations and maintenance teams. These initiatives improved mill availability and supported stronger, more consistent throughput levels.</li> <li><a href="https://pr.report/lj8p">On April 16, 2026</a>, Avino announced the completion of a new Mineral Reserve Estimate and updated Mineral Resource Estimate which includes La Preciosa, the Avino Mine (consisting of the Elena Tolosa ("ET") deposit, Guadalupe, and La Potosina). Collectively, the company's assets host proven and probable mineral reserves of 27 million tonnes for 127 million silver equivalent (AuEq) ounces at a grade of 145 g/t. In mineral resources, collectively the company holds measured and indicated mineral resources totaling 67.7 million tonnes and 301 million silver equivalent ounces at a grade of 162 g/t, as well as inferred mineral resources totaling 24.8 million tonnes and 87.6 million silver equivalent ounces at a grade of 123 g/t.</li> <li>15,000 meters of drilling is planned for the year at the Avino property with 3,000 meters completed at the end of Q1 2026.</li> <li>For Q1 2026, the company achieved a Lost Time Incident Frequency Rate ("LTIFR") of 3.25 per 1,000,000 hours worked. Total reportable lost time incident rate was 0.19.</li> </ul> In Q1 2026, Avino's capital expenditures totaled US$2.6 million, compared to US$1.8 million in Q1 2025. The company said, "The increased amount is in line with our capital budget for 2026 and was primarily spent on mine development and equipment for future production mining operations at La Preciosa." The La Preciosa project had several highlights of its own, such as the completion of 2,600 meters of its 15,000-meter 2026 drill campaign and raised silver production over Q4 2025. Avino Silver & Gold Mines Ltd. is a Canadian silver producer focused on projects in Durango, Mexico. <h2 style="text-align: center;">Silver Demand Rising with AI Data Center Boom</h2> <a href="https://www.fxstreet.com/news/silver-price-today-silver-falls-according-to-fxstreet-data-202605190930" target="_blank" rel="noopener">Silver fell by 2.28%</a> on Tuesday, May 19, to US$75.95 per troy ounce, though the overall price has still increased 6.85% since the beginning of 2026. Uncertainty around inflation fears and tensions in the Middle East have been affecting metals rates for the past several weeks, but investors were hopeful that prices would stabilize after <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-tuesday-may-19-prices-holding-after-president-calls-off-planned-attacks-on-iran-105400660.html" target="_blank" rel="noopener">President Trump hinted at peace talks with Iran</a>. “We will NOT be doing the scheduled attack of Iran tomorrow, but have further instructed them to be prepared to go forward with a full, large-scale assault of Iran, on a moment’s notice, in the event that an acceptable deal is not reached,” wrote President Trump yesterday on Truth Social. With this statement, metals prices did see some relief. As a critical component of electronics and AI data centers, silver's prices have skyrocketed over the past year, having raised over <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-tuesday-may-19-prices-holding-after-president-calls-off-planned-attacks-on-iran-105400660.html" target="_blank" rel="noopener">140% from this time last year</a>. [OWNERSHIP_CHART-659] <h2 style="text-align: center;">Analysts & Experts Give "Buy" Rating</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/avino-silver-gold-aya-gold-silver-vizsla-royalties/" target="_blank" rel="noopener">Peter Krauth of The Gold Advisor addressed Avino's update</a> on May 14, 2026, saying, "We’re impressed by these results. The team has delivered, and we expect they will continue to do so. Silver equivalent per ounce margins were significantly higher than in previous quarters, providing the company’s most robust financial position ever. This matters because it’s a foundation for the planned growth, which should see production up 2.5x over the next four years." Krauth called the Q1 results a "blowout quarter" for the company and maintained an overweight position on the stock, expecting similar strong results in the future. Cantor Fitzgerald's Matthew O'Keefe reiterated a "Buy" rating on May 14, with a price target of CA$15.80, projecting a 47% target return. O'Keefe referred to recent news as modestly positive, noting that "ASM generated record operating margins and exited Q1 2026 with a cash position of CA$138.60 million." On May 15, 2026, Jake Sekelsky of Alliance Global Partners provided an opinion update on Avino, reiterating a "Buy" rating with a CA$12.75 price target, citing strong Q1 financial results and increased silver production as reasons to purchase the stock. <h2 style="text-align: center;">Multiple Assets in Development</h2> Avino's <a href="https://cdn.prod.website-files.com/68684222725a56e6775e0877/6a07451d2a2abf808137da3d_May%2015_2026.pdf" target="_blank" rel="noopener">investor presentation</a> says the company is transitioning into a multi-asset mid-tier silver producer in Mexico, citing La Preciosa as a future silver production asset and the Oxide Tailings project as a future gold and silver production asset. At the Avino Mine, the company plans to continue regional exploration and resource expansion for future growth production. <h2 style="text-align: center;">Ownership & Share Information1</h2> Avino Silver & Gold Mines Ltd. has a market cap of CA$1.67 billion, with 170.20 million shares outstanding. The company's 52-week range is CA$3.07-CA$16.11. Management & Insiders own 6% of shares, while Institutions own 24%. The remaining 70% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avino Silver & Gold Mines Ltd.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31234"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31234" width="0" height="0"> ( Companies Mentioned: ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE, ) Tue, 19 May 2026 00:00:00 PST US$239 Million Silver Royalty Deal Puts Major Mexico Asset at Center of Takeover Push https://www.streetwisereports.com/article/2026/05/19/us-239-million-silver-royalty-deal-puts-major-mexico-asset-at-center-of-takeover-push.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/us-239-million-silver-royalty-deal-puts-major-mexico-asset-at-center-of-takeover-push.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Elemental Royalties Corp. (ELE:TSX.V; ELEMF:OTCMKTS) agreed to acquire Vizsla Royalties Corp. (VROY:TSX.V) in a CA$327 million transaction centered on royalty exposure to the Panuco silver-gold project.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-41" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="b0e746e9-1156-4b87-8794-751e5e511a09" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Vizsla Royalties Corp. (VROY:TSX.V) and Elemental Royalties Corp. (ELE:TSX.V; ELEMF:OTCMKTS) announced<a href="https://www.stockwatch.com/News/Item/Z-C!VROY-3820446/C/VROY" target="_blank" rel="noopener"> that they entered into a definitive arrangement agreement on May 13, 2026, under which Elemental will acquire all issued and outstanding shares of Vizsla Royalties through a court-approved plan of arrangement. </a>The transaction carries a total consideration of approximately CA$327 million, or US$239 million, equal to CA$4.13 per Vizsla Royalties share on a fully diluted basis. Under the agreement, Vizsla Royalties shareholders may elect to receive for each share either 0.15 common shares of Elemental, CA$4.13 in cash, or a combination of both, subject to rounding and proration. The agreement includes a maximum total cash consideration of approximately CA$82 million. According to the release, the transaction price represented a 31% premium to the unaffected closing price and a 22% premium to the 20-day volume-weighted average trading price of Vizsla Royalties shares as of May 12, 2026. The transaction centers on Vizsla Royalties' 2.0% to 3.5% net smelter return royalty interests on the Panuco silver-gold project in Mexico. The royalty structure includes life-of-mine royalties with no caps, step-downs, or buyback provisions. <a href="https://www.stockwatch.com/News/Item/Z-C!VROY-3820446/C/VROY" target="_blank" rel="noopener">Elemental Chief Executive Officer David M. Cole stated in a company news release:</a> "As the first major transaction for our company since the merger with EMX, and the largest single-asset transaction in our history, we are excited to announce the acquisition of 2.0%-3.5% NSR royalties on the Panuco silver-gold project." Vizsla Royalties Chief Executive Officer Michael Pettingell stated in a company news release: "Since the initial spinout of Vizsla Royalties in 2024, we have focused on value creation for shareholders and providing long-term exposure to the world's largest, high-grade silver primary resource at Panuco." The Panuco Project covers approximately 9,800 hectares and includes the Copala and Napoleon deposits. The companies stated that the Panuco royalties cover most of the district through a 3.5% NSR on Silverstone concessions and a 2.0% NSR on Rio Panuco concessions. Completion of the transaction remains subject to shareholder, court, exchange, and regulatory approvals, including approval from the National Antitrust Commission of Mexico. The companies stated the transaction is expected to close in the third quarter of 2026. <h2 style="text-align: center;" data-start="0" data-end="95">Precious Metals Markets Navigated Inflation Pressures, Interest Rates, and Diverging Signals</h2> <a href="https://seekingalpha.com/article/4904368-silvercorp-metals-stock-buy-driven-sector-low-aisc-strong-silver-price-tailwinds" target="_blank" rel="noopener">According to a May 14 analysis from The Sharpe Quest, activity across the precious metals sector reflected a combination of silver price movement</a>, mining cost trends, and broader market positioning. The report stated that "new all-time highs... coincided with a new push in silver," while also noting that silver had "closed near US$84." The report also reviewed operational metrics within the silver industry and stated that all-in sustaining cost remained a closely watched measure. According to the analysis, mining operations were running at approximately "US$12.86/oz of silver," which it described as "well below peers." The report further stated that by-product contributions from lead and zinc reduced overall operating costs, writing that "the by-products pay more than the cost of operating the mine." The Sharpe Quest analysis also examined broader supply conditions and reported that "the silver market has already accumulated a deficit for the sixth consecutive year," describing the trend as a "structural tailwind." The report additionally stated that options activity indicated "investor positioning is optimistic," while market participants appeared "positioned to let a long position run." Broader macroeconomic conditions later introduced pressure across precious metals markets. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan, inflation concerns and rising borrowing costs weighed on commodities as investors reassessed inflation expectations and monetary policy conditions.</a> The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals." Bloomberg also cited ANZ Group Holdings analysts Daniel Hynes and Soni Kumari, who wrote that "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco Media similarly reported on May 15 that Treasury yields, inflation data, and U.S. dollar strength affected market sentiment.</a> The publication stated that "every move higher" in gold prices had been "capped by hotter inflation data, higher yields and a stronger dollar." Marc Chandler of Bannockburn Global Forex also commented that "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." Market participants presented differing views on near-term conditions. Adrian Day of Adrian Day Asset Management stated that "gold will likely continue to be quite volatile as short-term competing forces each take the upper hand in turns," while adding that "steady buying from central banks and others" remained part of the broader backdrop. Daniel Pavilonis of RJO Futures stated that "It's just not going to be an easy trade like it was a few months ago," and added that markets had become "kind of jittery" as investors reacted to inflation and Treasury activity. <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">On May 16, Muhammad Umair reported that inflation concerns expanded beyond energy markets into broader economic conditions. </a>The report stated that "Inflation is back on the upswing" and noted that pricing pressure had begun affecting wider market expectations. It further stated that "inflation pressure is spreading beyond energy," contributing to higher Treasury yields and continued U.S. dollar strength. The report stated that gold continued to receive support from "higher inflation, geopolitical risk and trade uncertainty," while rising yields and dollar strength remained sources of pressure. Silver was also described as benefiting from demand for hard assets and inflation-related themes, although "higher yields and strong U.S. dollar" continued to limit momentum. <h2 style="text-align: center;" data-start="0" data-end="86">Royalty Deal Spotlighted Panuco Scale, Exploration Potential, and Transaction Terms</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/avino-silver-gold-aya-gold-silver-vizsla-royalties/" target="_blank" rel="noopener">According to a May 14 Silver Advisor report from Peter Krauth and Ted Butler</a>, Elemental Royalty's proposed acquisition of Vizsla Royalties was discussed in connection with royalty exposure to the Panuco silver-gold project. The report stated that under the agreement, "Vizsla Royalties shareholders get a flexible, value-rich choice of 0.15 Elemental shares, CA$4.13 in cash, or a blended mix," and noted that the transaction valued the business at approximately CA$327 million. The May 14 report also wrote that the transaction would combine "Vizsla's high-grade Panuco silver-gold royalty with Elemental's diversified, cash-flowing royalty portfolio, creating a more powerful platform with near-term revenue and long-term growth upside." It further described the Panuco Project as "a large-scale 9,800-hectare silver-gold district expected to become a major production asset," with "potential output of around 17.4 million silver-equivalent ounces annually and strong life-of-mine royalty rates of 2.0%-3.5% NSR." The report also discussed exploration activity at Panuco, stating that "the project still holds significant exploration upside, with most of the land underexplored, extensive drilling already completed, and additional discovery potential remaining open along strike and at depth." Silver Advisor also addressed trading activity following the announcement and wrote that "Vizsla Royalties shares are up 17% on this news, which is excellent but remain below the CA$4.13 offer." The report stated that "the market may be holding out to see if this deal gets approved and finalized, or if a superior bid comes along." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-turn-id-container="request-WEB:6637cf45-af07-43ae-9c7c-6395893ad35a-42" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="6e25842f-1b42-4686-bd41-3c174bb9f041" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="275" data-end="345">Permitting, Drilling, and Development Activities: Outline Next Steps</h2> <a href="https://wp-vizslasilvercorp-2024.s3.ca-central-1.amazonaws.com/media/2026/05/VZLA-Corp-Deck-May-2026-FINAL.pdf" target="_blank" rel="noopener">According to the company presentation</a>, multiple operational and development activities were outlined over the next 12 months at the Panuco Project. Key environmental and operating permits remained a focus, with the Management Impact Assessment (MIA) submitted in February 2025 and approval targeted for the second half of 2026. The presentation stated that construction decisions were planned immediately following receipt of key environmental and operating permits. The presentation also described ongoing work at the test mine, which was delivering metallurgical testing, geophysical orientation work, and geotechnical data while stockpiling high-grade ore. The company stated this work was intended to support project de-risking efforts and operational preparation. Approximately 25 million silver equivalent ounces of inferred resources at Copala were also identified as a target area for future drilling aimed at upgrading resource confidence and extending mine life. [OWNERSHIP_CHART-11551] Exploration activity was also outlined across several areas of the district. The presentation referenced multiple expansion targets within haulage distance and follow-up drilling at Animas and East Panuco, designed to define additional mineralized centers. Santa Fé was identified as an additional source of near-mine silver-gold targets, with the property described as offering mine-life extension potential. The broader development timeline in the presentation showed permitting activity extending through 2026, construction activities beginning during 2026, and a first silver target in the second half of 2027. <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="83b2d528-25ea-46d0-be31-f4afae9e7571" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;">Ownership & Share Information1</h2> 3.13% of Vizsla Royalties is held by investors. Institutions hold 19.06%, with Mackenzie Financial owning 5.13% and IXIOS Asset owning 4.85%. The rest is retail. Vizsla has a market cap of CA$ 178.87 million, 65.27 million free float shares, and a 52-week range of CA$1.95- CA$5.20. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31232"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31232" width="0" height="0"> ( Companies Mentioned: VROY:TSX.V, ) Mon, 18 May 2026 00:00:00 PST Nevada Silver Project Reaches Major U.S. Market Milestone https://www.streetwisereports.com/article/2026/05/18/nevada-silver-project-reaches-major-u-s-market-milestone.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/nevada-silver-project-reaches-major-u-s-market-milestone.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Prince Silver Corp. (RNC:CSE; PRNCF:OTCQB; T130:FRA) upgraded to the OTCQX Best Market while advancing a 9,000-meter drill program and targeting a maiden NI 43-101 resource estimate by the end of 2026.Prince Silver Corp. (RNC:CSE; PRNCF:OTCQB; T130:FRA) announced<a href="https://princesilvercorp.com/prince-silver-files-ni-43-101-technical-report-stampede-gap-porphyry-copper-gold-molybdenum-nevada-2/" target="_blank" rel="noopener"> that its common shares qualified to trade on the OTCQX Best Market in the United States and began trading under the symbol PRNCF, upgrading from the OTCQB Venture Market.</a> The company stated that the move came as it continued advancing its flagship Prince Silver Project in Nevada toward a maiden NI 43-101 compliant mineral resource estimate targeted by the end of 2026. According to the company, the Prince Project is located in Nevada's Pioche Mining District and hosts a polymetallic system containing silver, zinc, manganese, lead and gold mineralization. Prince Silver stated that silver remained its primary focus and principal commodity exposure, while recent and historical work had also highlighted the relevance of gold within the broader mineralized system. The company said its ongoing approximately 9,000-meter reverse-circulation drilling program was designed to validate historical drilling, test extensions to known mineralized horizons, and support completion of the maiden NI 43-101 compliant resource estimate. The project features near-surface mineralization historically tested by more than 129 drill holes and remains open in multiple directions. "Graduating to the OTCQX Best Market is an important step in broadening Prince Silver's visibility with U.S. investors as we continue to advance the Prince Project toward a maiden NI 43-101 resource estimate by the end of 2026," <a href="https://princesilvercorp.com/prince-silver-files-ni-43-101-technical-report-stampede-gap-porphyry-copper-gold-molybdenum-nevada-2/" target="_blank" rel="noopener">Derek Iwanaka, Chief Executive Officer of Prince Silver, said in a company news release.</a> Iwanaka added that, "The Prince Project is emerging as a large silver-led polymetallic system with meaningful exposure to zinc, manganese, lead, and gold." The company stated that OTCQX was designed for established, investor-focused U.S. and international companies and that qualification required companies to meet financial standards, follow corporate governance requirements, and demonstrate compliance with applicable securities laws. <h2 style="text-align: center;" data-start="0" data-end="78">Precious Metals Sector Faces Pressure From Yields, Inflation, and Supply Shifts</h2> <a href="https://www.kitco.com/news/article/2026-05-14/silver-price-outlooks-chopped-supply-deficit-forecasted-narrow-dramatically" target="_blank" rel="noopener">According to a May 14 report from Kitco Media</a>, UBS strategists revised their silver outlook as they reassessed market fundamentals. The analysts wrote that, "For 2026, we expect weaker demand from photovoltaics due to elevated prices; higher prices are also weighing on silverware and jewelry demand." They estimated that those channels would reduce demand by approximately 50 million ounces. The Kitco report also stated that total known ETF holdings had dropped by nearly 70 million ounces to around 794 million ounces, while speculative futures positioning had declined. UBS lowered its estimate for full-year investment demand from above 400 million ounces to 300 million ounces. The firm also projected that the silver market supply deficit could narrow to approximately 60 million to 70 million ounces, compared to a previous estimate of 300 million ounces. "Consistent with the smaller deficit, we have trimmed our price outlook across all forecast horizons," the strategists stated. <a href="https://www.stonex.com/en/insights/gold-and-silver-lose-momentum-as-yields-rise/" target="_blank" rel="noopener">StoneX Media wrote on May 15 that gold and silver markets had encountered broader macroeconomic pressure linked to higher global bond yields and a stronger U.S. dollar.</a> The report stated that "inflation expectation linked to prolonged energy market recovery risks" had increased demand for yield-bearing assets while reducing interest in non-yielding precious metals. According to the StoneX report, FOREX.com market analyst Razan Hilal said that, "higher inflation expectations are keeping a bullish outlook for global bond yields and U.S. bond yields, pressuring the overall price outlook against gold and silver prices." Hilal also commented on silver's market behavior, stating that "silver sometimes tends to extend a late rally and then catch up with gold with an aligned downturn." <a href="https://www.fxempire.com/forecasts/article/silver-xag-forecast-silver-market-crushed-by-yields-spike-and-dollar-surge-1598229" target="_blank" rel="noopener">Additional pressure on silver prices was highlighted by James Hyerczyk in a May 15 commodities analysis</a>, which described a sharp market reaction to inflation data and interest rate expectations. Hyerczyk wrote that spot silver had traded at US$76.45 after falling US$7.07, or 8.46%, during the session. He also noted that "rising bond yields increased the opportunity cost of holding non-yielding silver assets." The report stated that U.S. Treasury yields had moved higher as inflation readings exceeded expectations. Hyerczyk wrote that "Three inflation prints killed that assumption" regarding expectations for future monetary easing. He also observed that "silver gets hit harder than gold in this environment because it sits between the precious metals market and the industrial economy." <h2 style="text-align: center;" data-start="2471" data-end="2851">Third-Party Analysis Highlights U.S. Market Upgrade Ahead of Maiden Resource</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-turn-id-container="request-6a0c3d03-732c-83ea-a084-26ea7a6bec5c-20" data-testid="conversation-turn-14" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="d35c0fd1-727c-47bd-9496-1cd319641ddb" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Prince Silver received favorable third-party commentary following its OTCQX upgrade. <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/aztec-minerals-onyx-gold-prince-silver-the-p-in-paydirt/#ps" target="_blank" rel="noopener">Writing on May 14, senior analyst Jeff Valks stated that the move came "ahead of its maiden resource" and said the listing change provided "better visibility and accessibility in the U.S."</a> as the company advanced work at its Nevada project. Valks described the project as a "silver-led polymetallic system" and noted that gold was being given "a larger supporting role as drilling continues to validate and expand known zones." He maintained that "The stock remains a Buy," and added that while "this news is not a drill-result barnburner," the OTCQX listing represented "a market-access upgrade at a useful time" as drilling, metallurgy, and resource work continued. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-start="1969" data-end="2014">Project Activity and Development Timeline</h2> <a href="https://wp-princesilver-2025.s3.ca-central-1.amazonaws.com/media/2026/05/Prince-Silver-Full-Presentation_May-2026.pdf">Additional details from the company's May 2026 presentation outlined several operational programs underway at the Prince Silver Project.</a> The company stated that Phase 1 drilling was being conducted with two reverse-circulation drill rigs as part of a 9,000-meter program. According to the presentation, a second rig had been added in mid-January to increase drilling activity. [OWNERSHIP_CHART-11491] Prince Silver stated that assay results from the Phase 1 program covering January through May were being released, while a Phase 2 drilling program was planned to include infill, step-out, and depth testing activities designed to expand the mineralized footprint. The company also indicated that additional Phase 2 assay results were expected during the second half of the year. The presentation stated that metallurgical test work had been ongoing from late 2025 and described the work as a multi-stage testing program. It also stated that the company planned to combine new and historical drill data for a maiden NI 43-101 mineral resource estimate in the fourth quarter. The presentation further stated that the company had staked approximately 656 new acres, more than doubling its land package at the Prince Silver Project. According to the presentation, the expansion secured more than seven kilometers of prospective strike length along the mineralized fault system. <h2 style="text-align: center;">Ownership & Share Information1</h2> Management and insiders hold 4.88% of Prince Silver. The rest is retail. Prince Silver has a market cap of CA$31.26 million, with 58.88 million shares outstanding. The company's 52-week range is CA$0.69-CA$0.74. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31231"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31231" width="0" height="0"> ( Companies Mentioned: RNC:CSE; PRNCF:OTCQB; T130:FRA, ) Mon, 18 May 2026 00:00:00 PST Canadian Explorer Reports Broad Timmins Gold Mineralization Expansion https://www.streetwisereports.com/article/2026/05/18/canadian-explorer-reports-broad-timmins-gold-mineralization-expansion.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/canadian-explorer-reports-broad-timmins-gold-mineralization-expansion.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Onyx Gold Corp. (ONYX:TSX.V) extended its Argus gold system in Ontario with broad mineralized intercepts and over 50,000 meters of drilling still planned, expert to buy more stock.On March 14, 2026, Onyx Gold Corp. (ONYX:TSX.V) announced <a href="https://www.stockwatch.com/News/Item/Z-C!ONYX-3820511/C/ONYX" target="_blank" rel="noopener">new drill results</a> from its fully-funded, massive 110,000-meter drill program at its Munro-Croesus project near Timmins, Ontario. The results encompass 18 drill holes from both the Argus Main and Argus North zones and outlined a gold system extending over 1.4 kilometers of strike length and more than 500 meters vertically. These results support the company's belief that ". . . northeast-trending structural corridors are controlling higher-grade gold mineralization across the Argus zones, and potentially along multiple kilometers of the Pipestone Fault corridor." Two holes were drilled in the Argus Main zone, with gold (Au) highlights as follows: <ul> <li>69.9 m grading 0.7 grams per tonne (g/t) Au (Upper Zone) in drill hole MC26-288, including 16.5 m grading 2.1 g/t Au, and a second deeper intersection of 43.0 m grading 0.3 g/t Au (Middle Zone), and a third deeper intersection of 58.5 m grading 0.6 g/t Au (Lower Zone), including 12.3 m grading 1.8 g/t Au</li> <li>126.2 m grading 0.3 g/t Au (Upper Zone) in drill hole MC26-292, including 6.0 m grading 1.2 g/t Au, and a second deeper intersection of 40.7 m grading 1.3 g/t Au (Middle Zone), including 5.8 m grading 5.8 g/t Au, and a third deeper intersection of 120.2 m grading 0.4 g/t Au (Lower Zone), including 18.5 m grading 1.3 g/t Au</li> <li>Three stacked mineralized zones intersected in both drill holes from near-surface to approximately 400 m depth, with total cumulative downhole widths of 287.1 m of mineralization in MC26-292 and 171.4 m of mineralization in MC26-288</li> <li>The new drill holes extend mineralization a further 40 m northeast from previously reported discovery holes MC26-267 and MC26-270</li> <li>Mineralization at Argus Main appears linked to high-grade surface channel and grab samples grading between 5.2 g/t Au and 14.7 g/t Au over a 35 x 30 m area</li> <li>Argus Main remains open along strike and at depth with one drill rig dedicated to systematic expansion drilling</li> </ul> Highlights from 16 drill holes at the Argus North zone include: <ul> <li>28.0 m grading 1.6 g/t Au (from surface), in drill hole MC25-248, including</li> <ul> <li>2.0 m grading 6.5 g/t Au, AND</li> </ul> <li>42.0 m grading 1.8 g/t Au, including</li> <ul> <li>4.0 m grading 8.0 g/t Au</li> </ul> <li>42.0 m grading 1.4 g/t Au (from surface), in drill hole MC25-251, including</li> <ul> <li>7.8 m grading 3.5 g/t Au, AND</li> </ul> <li>45.9 m grading 1.4 g/t Au, including</li> <ul> <li>19.0 m grading 2.6 g/t Au, and including</li> <li>4.0 m grading 7.2 g/t Au</li> </ul> <li>48.9 m grading 1.2 g/t Au, in drill hole MC25-238, including</li> <ul> <li>2.0 m grading 2.9 g/t Au</li> </ul> <li>34.8 m grading 1.2 g/t Au, in drill hole MC26-266, including</li> <ul> <li>12.0 m grading 2.4 g/t Au</li> </ul> <li>Argus North continues to deliver broad zones of gold mineralization from surface to depth, reinforcing the expansion potential of the zone and the greater Argus mineralized corridor</li> </ul> <a href="https://www.stockwatch.com/News/Item/Z-C!ONYX-3820511/C/ONYX" target="_blank" rel="noopener">Brock Colterjohn, Onyx Gold's president and CEO, said</a> in the press release, "These latest results continue to demonstrate the growing scale and continuity of the Argus system and further validate our interpretation that northeast-trending structures are controlling higher-grade gold mineralization across multiple zones. What is particularly exciting is that Argus Main is beginning to show characteristics similar to Argus North, with broad mineralized envelopes containing higher-grade intervals associated with these structures. With four rigs active and more than 50,000 m still to drill this year, we believe we are still in the early stages of unlocking the broader potential of the system along the Pipestone Fault corridor." The company's Munro-Croesus project is roughly 75 km east of Timmins and sits in the heart of the Abitibi greenstone belt, Canada's premier gold mining jurisdiction. According to the company, "The project covers 112 km2 of highly prospective geology within the influence of major gold-bearing structural breaks. Bulk-tonnage gold deposits located in the immediate region include the Fenn-Gib gold project being developed by Mayfair Gold (MFGCF:OTCMKTS) and the Tower Gold Project being developed by STLLR Gold Inc. (MEAUD:OTCMKTS; STLR:TO)." A Canadian exploration company, Onyx Gold Corp. is focused on district-scale gold opportunities in Ontario and the Yukon territory. <h2 style="text-align: center;">Gold Slowing but Still Up</h2> Gold's meteoric price rise has slowed since the beginning of the U.S.-Iran War, gaining only 0.03% since yesterday at US$4,541.69 per ounce. However, <a href="https://www.usatoday.com/story/money/personalfinance/2026/05/18/gold-price-on-may-18-2026/90139928007/" target="_blank" rel="noopener">gold has shot up 41.80% since this time last year</a>, and the market remains bullish despite recent slowdowns. Global and geopolitical uncertainties, coupled with fears of inflation and concern of President Donald Trump's volatile social media presence affected prices at the beginning of the week. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-18-gold-and-silver-slip-as-iran-tensions-grow-111307820.html" target="_blank" rel="noopener">Tim Manni of Yahoo Finance</a> reported on May 18, 2026, that, "Once again, the president’s Truth Social posts are part of the headlines this morning. Last week, it was President Trump’s weekend reaction to a peace proposal from Iran, calling it 'TOTALLY UNACCEPTABLE!' Today, markets are reacting to his post from Sunday, saying, 'For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them.' Couple the increased rhetoric with drone strikes over the weekend, and stock futures are holding lower this morning, oil prices are higher, Treasury yields are up, and gold and silver prices are down." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Expert to Buy More Stock</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/aztec-minerals-onyx-gold-prince-silver-the-p-in-paydirt/#og" target="_blank" rel="noopener">Jeff Valks of The Gold Advisor weighed in on Onyx Gold</a> on May 14, 2026, rating the stock as a "Buy", saying: "Onyx has four rigs active, about CA$20 million in cash, and more than 50,000 meters still to drill this year. Argus is gaining scale, continuity, and repeatability. That is a strong combination in Timmins." Valks noted that he holds a long position on the company, while his colleague, Jeff Clark, looks to purchase more of the stock. <a href="https://onyxgold.com/investors/investors-presentations/" target="_blank" rel="noopener">Investors</a>, along with Valks, await results from the remaining meters planned in the 2026 drill program. <h2 style="text-align: center;">Ownership & Share Information1</h2> Onyx Gold Corp. has a market cap of CA$117.30 million, with 85.62 million shares outstanding. The company's 52-week range is CA$0.91-CA$2.60. Insiders & Management own 5% of shares, while Strategic Investors own 21%. Institutions own 32% of shares, and the remaining 42% are Retail. [OWNERSHIP_CHART-11532] <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31230"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31230" width="0" height="0"> ( Companies Mentioned: ONYX:TSX.V, ) Mon, 18 May 2026 00:00:00 PST Newly Formed Contango Delivers US$102 Million Cash Flow https://www.streetwisereports.com/article/2026/05/18/newly-formed-contango-delivers-us-102-million-cash-flow.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/newly-formed-contango-delivers-us-102-million-cash-flow.html?utm_medium=feed">Bob Moriarty 05/18/2026</a> The typical investor right now has no clue just how perilous the investment landscape has gotten. 321gold.com's Bob Moriarty lights the way.The typical investor right now has no clue just how perilous the investment landscape has gotten. What's transpired over the last eleven weeks in the Middle East puts our entire future at risk. With each passing day that the Strait of Hormuz stays shut, the predicament grows more menacing. As I'm putting this together, President Trump is over in China. What comes out of that brief visit, along with the calls he makes in the coming week, <a href="https://chrishedges.substack.com/p/trumps-iranian-nightmare" target="_blank" rel="noopener">will decide whether we even have a future at all.</a> (He's back stateside now. The China trip amounted to absolutely nothing.) For four decades Israel has peddled the fiction of an Iranian nuclear weapons program. There isn't one. Our pricey eighteen intelligence agencies are all on the same page about this for an obvious reason that even Secretary of State Rubio and Robert Kagan grasp. Iran doesn't require nuclear weapons because controlling the Strait accomplishes more. That said, Israel has been scheming about the <a href="https://www.aljazeera.com/news/2026/2/26/what-is-greater-israel-and-how-popular-is-it-among-israelis" target="_blank" rel="noopener">Greater Israel project</a> for ages. The blueprint demands wiping out Iran, just like what was done to Libya, Somalia, Sudan, Lebanon, Iraq, Gaza, Syria and the West Bank. Israel was never the wronged party. They have always been a criminal regime carrying out genocide all over the Middle East. <a href="https://www.youtube.com/watch?v=V_CKUBJNsoU" target="_blank" rel="noopener">Israel has lost this war</a>] but won't own up to it or let DJT walk away. Trump's sit-down with China is a pivotal moment. As I write this, the outcome is anyone's guess. My hunch is Trump gets sent packing with his tail tucked. Washington has no leverage. Beijing is holding every card in this hand. Iran controls a Strait. Trump has dismantled the American empire by waging an unnecessary war on Israel's behalf. Epstein worked for Mossad. Two separate sources inside Mossad have verified this. Bibi is sitting on the Epstein files with over 10,000 hours of recordings tucked away in his office. DJT shows up roughly 38,000 times in those files. Naturally, since DJT and Epstein were thick as thieves and shared everything. Including, in all likelihood, underage girls. Nowhere in recorded history can you find an instance of some inconsequential little brain-dead nation like Israel ordering the world's most powerful country to bankroll and prosecute a war on its behalf. Not until today. My view, and I think the historical record will bear this out, is that on February 11, 2026, Bibi showed up at the White House and put the squeeze on DJT by threatening to release certain Epstein tapes. Bibi insisted the United States join a war of aggression on Israel's behalf against Iran. This isn't America's fight. It's Israel's, plotted out long ago. If China declines to provide any real help to Washington in the Iran war, and they have no reason to, both China and Russia come out ahead simply by letting the United States flail in the swamp it dug for itself. If China sits on its hands and DJT alongside Israel goes after Iranian infrastructure, Iran has vowed to hit the rest of the GCC states backing the US the same way. Should that play out, we won't be staring at a 20% energy shortfall, we'll be looking at 50% and a billion lives lost. This war on Iran has shown the Middle Eastern states that the United States is a paper tiger. The defense umbrella they were promised turned out to be a mirage. Honestly, the overpriced gear cranked out by the MIC is junk. Why would the GCC keep shelling out for pricey defense kit that doesn't deliver? The US has lost dozens of planes, exhausted our whole inventory of useless surface-to-air missiles, and hundreds of young Americans have died waging a war for Israel against a country that isn't even our adversary. Incidentally, the US still claims only thirteen American servicemembers have been killed in this conflict. That's a flat-out lie. The actual count runs into the hundreds. Those coffins are stacked up in Germany because DJT doesn't want the relatives or the taxpayers footing the bill for his deranged war to discover the genuine price tag. The Petrodollar has expired. The GCC won't be parking surplus cash in Treasuries or insisting on USD-denominated payments any longer. Consequently, the bedrock of the American economy aside from paper shuffling, namely the MIC, is headed for extinction. Why purchase gear you already know doesn't perform as billed? Both Saudi Arabia and Qatar have started hinting that abandoning the US and partnering with Iran might be the smarter play. The six GCC countries house substantial Shia Muslim populations that side with Iran in this war. The recent jump in gold, silver, platinum and copper prices points to hyperinflation right around the bend. The USD will linger on much the way the British Pound still turns up in some transactions, but its worth will plummet. President Trump's pointless war on Iran has wrecked his administration. Even though the broader stock market remains riding a massive sugar rush fueled by the AI mania, it's hunting for a pin to puncture the bubble. The bond market, America's lunatic debt pile, the metals, are all flashing warnings that ugly times lie ahead. My personal conviction is that the minuscule 1% slice of total investment dollars allocated to resources is the only refuge. Our financial system has reached a major tipping point. A massive shift is coming. <a href="https://porterandcompanyresearch.co/mrln/?caid=bmswr6ij&_ef_transaction_id=269ccd8a348a47ae83ec2e056ef5203a" target="_blank" rel="noopener">Porter Stansberry just released an important video every investor should see</a>. My suspicion is the peak hits this week with the Philly Semiconductor Index notching a fresh high for eighteen sessions running. The Nasdaq racked up nineteen consecutive up days back in March 2000 and that was the exact top. Two longtime acquaintances of mine in the resource sector recently teamed up to build what I think will be the destination investment for American and Canadian resource investors. One huge blunder that 99% of management teams at resource companies commit is repeatedly diluting their share price and float through round after round of private placements. The biggest retail market on the planet is funded by American investors. Resource firms covet and require access to that pool of capital but overlook the fact that brokers can't pitch shares priced beneath US$5. So brokers simply never bring up the penny juniors. The people at the helm of junior resource outfits have effectively shut themselves out of the U.S. investment market by keeping their share price under US$5. Two serious Canadian juniors saw the problem and turned it to their advantage by combining. The bigger of the two was <a href="https://www.streetwisereports.com/pub/co/5439?utm_medium=feed" target="_blank" rel="noopener">Contango Silver and Gold Inc. (CTGO:TSX; CTGO:NYSE)</a>, which had a sizable Alaska footprint, and it recently joined forces with the well-known Dolly Varden. The combined entity, in my view, is on track to become the go-to North American gold and silver name. Contango Ore was run by an old friend, Rick Van Nieuwenhuyse, founder and chief of Novagold. Novagold was Canada's top-performing stock in 2001. Rick and his crew recognized early that we were heading into a major bull market in gold and silver back in the late 1990s. Novagold was among the first juniors I covered back in 2001. The other side of Contango Gold and Silver, Dolly Varden, was also led by another old friend, Shawn Khunkhun. The combined Contango Gold and Silver (CTGO on both the TSX and the NYSE Amex) has Rick Van Nieuwenhuyse serving as CEO. Shawn Khunkhun has stepped into the President role at the merged firm. Rick contributed a producing gold mine to the deal along with two additional Alaska development assets. For 2025, Contango's 30% piece of the Manh Choh gold mine generated roughly $102 million in free cash flow for Contango. Kinross holds the other 70% and operates Manh Choh. Contango's leadership intends to channel cash flow from Manh Choh into advancing the company's three other gold and silver projects, meaning they can skip the endless private placements. Manh Choh employs an uncommon mining approach known as Direct Shipping Ore, or DSO. The ore is mined, loaded onto trucks, and hauled 240 miles to the Fort Knox mill that Kinross runs. DSO trims upfront capital, shortens permitting timelines, and accelerates cash flow. They can pull this off because the Kinross/Contango JV zeroed in on high grade. When you've got grade, DSO is a quick and inexpensive route. CTGO holds the top grade among its peer group across all its projects. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651873641_BobPic1.jpg" alt="" width="1000" height="574" /> <figcaption>Click to enlarge image.</figcaption> </figure> That kind of free cash flow gives Contango the runway to push its three other projects forward at pace without constantly diluting current shareholders. Contango's second Alaska gold property is the <a href="https://contangoore.com/projects/lucky-shot-project/" target="_blank" rel="noopener">Lucky Shot Mine</a>. Lucky Shot is a 100%-owned, fully permitted underground operation with both rail and road access. Historical district production averaged 40 g/t Au. Contango has kicked off a 20,000 meter infill and expansion drill campaign targeting 400,000 to 500,000 ounces by an H1 2027 Feasibility study. Management is aiming for production of 40,000 to 50,000 ounces of gold in 2028 from Lucky Shot using the DSO approach. The third Alaska gold asset on the roster is the 100%-owned <a href="https://contangoore.com/projects/johnson-tract-project/" target="_blank" rel="noopener">Johnson Tract</a>, situated roughly 125 miles southwest of Anchorage. I'll lift this directly from the Johnson Tract write-up on Contango's site. "The JT Deposit is interpreted as an intermediate sulfidation epithermal deposit with volcanogenic massive sulfide (VMS) characteristics." Mineralization includes gold, silver, copper, zinc and lead. Johnson Tract has a 1.15 million ounce resource at 9.39 g/t AuEq. Just like Lucky Shot, the grade clears the bar for the low-cost DSO route. Federal permitting is advancing under the <a href="https://www.doi.gov/pressreleases/trump-administration-adds-key-mining-projects-fast-41" target="_blank" rel="noopener">FAST-41</a> protocol. The access road running from camp to portal is under construction along with the necessary environmental permitting work. A feasibility study is slated to support a mine construction decision penciled in for 2028/2029. Dolly Varden's piece of the merger is the 100%-owned <a href="https://contangoore.com/projects/kitsault-valley-project/" target="_blank" rel="noopener">Kitsault Valley silver/gold project</a> just over the border in BC's Golden Triangle. The Kitsault Valley project carries a 43-101 resource of around 65 million ounces of silver and one million ounces of gold. An updated resource is on deck for Q2 2026. The Kitsault Valley resource likewise qualifies for DSO shipping. Contango is planning a 40,000-meter drill program at Kitsault this year. Contango's five-year roadmap targets 200,000 ounces AuEq in production plus another five million ounces of silver each year. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651874314_BobPic2.jpg" alt="" width="500" height="289" /> <figcaption>Click to enlarge image.</figcaption> </figure> With a modest 30.75 million shares outstanding and $102 million in free cash flow for 2025, every share represented roughly $3.18 in free cash flow for 2025. Do I really have to spell out how cheap that is? On top of that, Contango trades at a hefty discount to its peer group with a slim 0.32 price-to-NAV ratio against a peer average of 0.71. <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651874448_BobPic3.jpg" alt="" width="500" height="288" /> <figcaption>Click to enlarge image.</figcaption> </figure> This merger has pulled off something I haven't seen from any junior I've tracked over the past 25 years. <ol class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-decimal flex flex-col gap-1 pl-8 mb-3"> <li class="font-claude-response-body whitespace-normal break-words pl-2">Every North American investor can now buy a dual-listed NYSE Amex and TSX name that brokers are free to recommend.</li> <li class="font-claude-response-body whitespace-normal break-words pl-2">CTGO holders get exposure to gold, silver and critical metals across Tier 1 jurisdictions.</li> <li class="font-claude-response-body whitespace-normal break-words pl-2">The 30% stake in Manh Choh kicks off enough free cash flow to develop the rest of the 100%-owned gold and silver projects without leaning on perpetual private placements.</li> <li class="font-claude-response-body whitespace-normal break-words pl-2">It's ridiculously cheap relative to its peer group.</li> <li class="font-claude-response-body whitespace-normal break-words pl-2">Institutional ownership of the stock is very high.</li> <li class="font-claude-response-body whitespace-normal break-words pl-2">They're sitting on around $100 million in cash to push projects ahead in 2026.</li> </ol> Contango is an advertiser. I have been a longstanding shareholder of Dolly Varden so I have exposure to the new Contango. Do your own homework. [SMNLINSERT]Important Disclosures:<ol> <li>Bob Moriarty: I, or members of my immediate household or family, own securities of: Contango Silver and Gold. My company has a financial relationship with: Contango Silver and Gold. 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=31227"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31227" width="0" height="0"> ( Companies Mentioned: CTGO:TSX; CTGO:NYSE, ) Mon, 18 May 2026 00:00:00 PST Gold Producer Targets Massive Production Growth in Idaho's Murray Belt https://www.streetwisereports.com/article/2026/05/18/gold-producer-targets-massive-production-growth-in-idahos-murray-belt.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/gold-producer-targets-massive-production-growth-in-idahos-murray-belt.html?utm_medium=feed">Mike Niehuser 05/18/2026</a> ROTH Capital reiterates a Buy and US$45 target on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN), citing record Q1 revenue of $14.5M and an upcoming Murray Mill commissioning in 1Q27.On May 18, 2026, ROTH Capital Partners Managing Director and Senior Research Analyst Mike Niehuser reiterated a Buy rating and US$45 per share price target on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN), implying upside of approximately 18% from the May 15 closing price of US$38.19, following the company's first-quarter results that showcased consistent production, strong margins, and a strengthening balance sheet. In the report, titled "IDR: A Gold Producer for All Seasons," Niehuser characterized IDR as a company "built for all seasons and not one to 'time the gold cycle.'" He noted that disciplined operations combined with rising gold prices have enabled the company to build cash balances while internally funding a new mill to reduce operating costs, derisk operations, and increase ongoing exploration and development. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">First-Quarter Performance</h2> For 1Q26, IDR reported record revenues of approximately US$14.5 million, achieved by mining 11,290 tonnes at a head grade of 9.68 grams per tonne (g/t) gold and an average gold sales price of US$4,702 per ounce. With recoveries of 92.1%, the company produced 3,234 ounces at cash costs of only US$1,190 per ounce and all-in sustaining costs (AISC) of US$1,868 per ounce. Having exhausted its net-operating loss carryforward and now capitalizing exploration quarterly, IDR reported after-tax earnings of US$0.40 per share for the quarter. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Funding Expansion and Exploration</h2> IDR has optimized facilities at the Golden Chest Mine and commenced backfilling tailings, while funding most of the capital costs for its new 400 tonnes per day (tpd) Murray Mill. Construction is expected to be completed by year-end 2026, with commissioning in 1Q27. When the new mill comes online, IDR expects to reduce annual costs by approximately US$1.3 million through lower transportation of gold material, tailings handling, and electric power costs. After these investments, the company increased cash, short-term, and long-term investments to approximately US$76.5 million, with positive working capital of approximately US$50.3 million at the end of 1Q26. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Production and Resource Expansion</h2> The Golden Chest Mine has an orogenic gold resource of over 250,000 ounces and is open to expansion, with at least six other nearby targets, all on patented land. IDR is targeting production of approximately 15,000 ounces in 2026 and 17,000 ounces in 2027. Average grade from production in 2025 ranged from 8.67 to 11.98 g/t gold. The company is also consolidating the Murray Gold Belt District and the Idaho REE-Thorium Belt near Salmon, Idaho, having increased its number of geologists, deployed two drill rigs in Murray, and planning to add two drills in Salmon. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Strategic Acquisitions and Exploration Upside</h2> Niehuser highlighted IDR's philosophy of "Can't look at it if you don't own it," noting the company believes Idaho is under-explored and absorbed overlooked opportunities by consolidating patented claims around Murray, staking the Idaho REE-Thorium Belt, and acquiring the Toboggan and Niagara projects. The Little Baldy target, reacquired through the Toboggan acquisition in July 2025, has a historic non-compliant inferred gold resource of approximately 50,000 ounces with grades ranging from 4.0 to 6.0 g/t gold. The Niagara Project, leased in March 2026, is a copper-silver target in the upper Revett Formation. IDR has permits and plans to drill both projects in 2026. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Rare Earth and Thorium Projects</h2> IDR believes it is the largest landholder of prospective rare earth element (REE) projects and the largest thorium anomaly in the U.S. The REE-Thorium Belt has a strike length of over 70 kilometers near Salmon, Idaho. The Lemhi Pass Project contains 12,000 acres of unpatented mineral claims, the Mineral Hill Project contains 2,500 acres, and the Diamond Creek Project contains 4,500 acres, with samples up to 5.0% total rare earth oxides (TREO). <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Risks</h2> Factors that could impede IDR from achieving the price target include declining gold prices, scheduling and operating risk including employee safety and exploration risk, the inability to identify additional gold mineralized material ahead of production, execution of optimization initiatives, and access to additional capital. The company is also subject to standard political risk, commodity price risk, operational and technical risk, and market risk inherent to natural resource companies. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Analyst's Outlook</h2> Niehuser based his valuation on an estimated 14,925 ounces of gold production over the next twelve months, projecting 2026 earnings of US$1.59 per share. Applying a 25x earnings multiple yields an implied value of US$39.73 per share, and adding cash and investments of US$4.85 per share supports the US$45 price target. The valuation does not include IDR's REE/CE/Thorium early-stage assets, which Niehuser speculates could be valued at approximately US$73 million, or US$4.62 per share, nor does it include exploration upside in the Murray Gold Belt or the recent gold-copper-silver acquisitions. "We believe that, on a per-capita basis, IDR has one of the best management teams in the sector," Niehuser wrote. "Also, IDR possibly has the highest financial liquidity relative to ounces of gold produced. These metrics in combination with other characteristics described in this report make IDR stand out among its peers." <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. Disclosures for Roth Capital Partners, Idaho Strategic Resources, May 18: Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners, has received compensation for investment banking services from Idaho Strategic Resources and Hecla Mining Company. ROTH makes a market in shares of Idaho Strategic Resources and Hecla Mining Company and as such, buys and sells from customers on a principal basis. Our rating system attempts to incorporate industry, company and/or overall market risk and volatility. Consequently, at any given point in time, our investment rating on a stock and its implied price movement may not correspond to the stated 12-month price target. Ratings System Definitions - ROTH Capital employs a rating system based on the following: Buy: A rating, which at the time it is instituted and or reiterated, that indicates an expectation of a total return of at least 10% over the next 12 months. Neutral: A rating, which at the time it is instituted and or reiterated, that indicates an expectation of a total return between negative 10% and 10% over the next 12 months. Sell: A rating, which at the time it is instituted and or reiterated, that indicates an expectation that the price will depreciate by more than 10% over the next 12 months. Under Review [UR]: A rating, which at the time it is instituted and or reiterated, indicates the temporary removal of the prior rating, price target and estimates for the security. Prior rating, price target and estimates should no longer be relied upon for UR-rated securities. Not Covered [NC]: ROTH Capital does not publish research or have an opinion about this security. ROTH Capital Partners, LLC and its affiliates expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2026. Member: FINRA/SIPC.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31226"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31226" width="0" height="0"> ( Companies Mentioned: IDR:NYSEAMERICAN, ) Mon, 18 May 2026 00:00:00 PST Gold and Silver Producer Posts 247% Revenue Jump as Record Cash Flow Drives Standout Quarter https://www.streetwisereports.com/article/2026/05/19/gold-and-silver-producer-posts-247-revenue-jump-as-record-cash-flow-drives-standout-quarter.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/gold-and-silver-producer-posts-247-revenue-jump-as-record-cash-flow-drives-standout-quarter.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Aya Gold and Silver Inc. (AYA:TSX; MYAGF:OTCMKTS) reported record quarterly revenue and cash flow while third-party experts maintained Overweight and Buy ratings, including a US$29/CA$39 target price.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="cf72f05a-0a5f-404a-95af-3166fdcc4064" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="cf72f05a-0a5f-404a-95af-3166fdcc4064" data-turn-id-container="cf72f05a-0a5f-404a-95af-3166fdcc4064" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="83b2d528-25ea-46d0-be31-f4afae9e7571" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Aya Gold and Silver Inc. (AYA:TSX; MYAGF:OTCMKTS) reported <a href="https://www.ayagoldsilver.com/news/news-releases/aya-gold--silver-reports-q1-2026-results-with-record-revenue-and-cash-flow" target="_blank" rel="noopener">financial and operational results for the quarter ended March 31, 2026, including record revenue, operating cash flow and mining rates as production continued at its operations in Morocco.</a> Revenue totaled US$117 million during Q1-2026, an increase of 247% year over year and 56% quarter over quarter. The company said the increase was driven by a higher average net realized silver equivalent price and an increase in silver equivalent ounces sold. Consolidated ounces sold totaled 1.4 million silver equivalent ounces, while the average net realized silver equivalent price reached US$82.22 per ounce, up 158% year over year and 41% quarter over quarter. Net income reached US$49 million, or basic earnings per share of US$0.34 and diluted earnings per share of US$0.33, compared with US$7 million in Q1-2025 and US$18 million in Q4-2025. Operating cash flow totaled US$70 million, rising 785% year over year and 107% quarter over quarter. Cash and cash equivalents stood at US$172 million at quarter end. "Our exceptional financial performance in Q1 reflects both the strength of disciplined execution and market conditions. We delivered record margins, supported by higher precious metal prices and lower cash costs," <a href="https://www.ayagoldsilver.com/news/news-releases/aya-gold--silver-reports-q1-2026-results-with-record-revenue-and-cash-flow" target="_blank" rel="noopener">Benoit La Salle, President and CEO, said in a company news release.</a> Consolidated production totaled 1.5 million silver equivalent ounces, up 40% year over year. This included 1.3 million ounces of silver from the Zgounder mine and 0.2 million silver equivalent ounces from the Boumadine pyrite reclaim operation. Production at Zgounder declined 8% quarter over quarter due to weather-related disruptions that affected milling rates and recovery, though the company stated that production has since normalized. Cash costs averaged US$18.40 per silver equivalent ounce sold, down 8% quarter over quarter. Silver recovery averaged 89.4% during the quarter. Aya also reported a record combined open-pit and underground mining rate of 4,575 tonnes per day. At Zgounder, silver production totaled 1.3 million ounces, an 18% increase year over year. Mining operations reached a record average mining rate during the quarter. Heavy precipitation affected crushing operations and throughput, prompting the company to mobilize a temporary crushing contractor. At Boumadine, the pyrite reclaim operation produced 227,802 silver equivalent ounces during the quarter, up 32% quarter over quarter. Material reclaimed and crushed totaled 21,814 tonnes with average grades of 181 grams per tonne silver and 2.50 grams per tonne gold. The company said heavy rainfall and flooding in northern Morocco temporarily disrupted logistics, including port access and shipping activities. Aya also reported lower debt levels during the quarter. Total debt stood at US$98 million, down from US$112 million at the end of 2025 following the first principal repayment on the company's European Bank for Reconstruction and Development loan. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a0a4150-4378-83ea-95b3-e3531572d63f-28" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a0a4150-4378-83ea-95b3-e3531572d63f-28" data-turn-id-container="request-6a0a4150-4378-83ea-95b3-e3531572d63f-28" data-testid="conversation-turn-6" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="6bbb2d82-bbf9-4c8f-ba70-633f8fba949f" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="194bfa6" data-start="0" data-end="103">Gold and Silver Prices Saw Mixed Signals as Inflation, Rates, and Market Positioning Shaped Activity</h2> <a href="https://seekingalpha.com/article/4904368-silvercorp-metals-stock-buy-driven-sector-low-aisc-strong-silver-price-tailwinds" target="_blank" rel="noopener">A May 14 analysis from The Sharpe Quest also discussed continued movement in silver pricing and activity across the broader precious metals sector</a>. According to the report, "new all-time highs... coincided with a new push in silver," while silver had "closed near US$84." The report also examined operating metrics across silver mining and stated that all-in sustaining cost remained an important industry measure. The analysis highlighted mining operations running at "US$12.86/oz of silver," describing those costs as "well below peers." It also stated that by-product credits from lead and zinc played a role in reducing operating expenses, writing that "the by-products pay more than the cost of operating the mine." The report also discussed broader silver supply conditions and wrote that "the silver market has already accumulated a deficit for the sixth consecutive year," describing that trend as a "structural tailwind." It further stated that options activity suggested "investor positioning is optimistic," while market participants appeared "positioned to let a long position run." Later in the week, broader economic conditions introduced pressure across precious metals markets. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan, inflation concerns and rising borrowing costs weighed on commodity prices.</a> The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals" as investors adjusted expectations around inflation and monetary policy. Bloomberg also cited ANZ Group Holdings analysts Daniel Hynes and Soni Kumari, who wrote that "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco Media also reported on May 15 that gold prices moved lower through the week as Treasury yields,</a> inflation data, and U.S. dollar strength influenced market sentiment. The report stated that "every move higher" in gold prices had been "capped by hotter inflation data, higher yields and a stronger dollar." Marc Chandler of Bannockburn Global Forex also commented that "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." Views on near-term market conditions varied among market participants. Adrian Day of Adrian Day Asset Management stated that "gold will likely continue to be quite volatile as short-term competing forces each take the upper hand in turns," while adding that "steady buying from central banks and others" remained part of the broader market backdrop. Daniel Pavilonis of RJO Futures said, "It's just not going to be an easy trade like it was a few months ago," while adding that markets had become "kind of jittery" as investors responded to inflation readings and Treasury yield activity. <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">On May 16, Muhammad Umair reported that inflation concerns had expanded beyond energy markets and were influencing wider economic conditions.</a> According to the report, "Inflation is back on the upswing," while rising energy and producer costs increasingly affected market expectations. The report also noted that "inflation pressure is spreading beyond energy," contributing to higher Treasury yields and continued strength in the U.S. dollar. While it stated that "gold is supported by the higher inflation, geopolitical risk, and trade uncertainty," the report also noted that rising yields and dollar strength continued to create pressure. Silver was similarly described as benefiting from hard asset demand and inflation themes, though "higher yields and strong U.S. dollar" were said to have continued limiting price momentum. <h2 style="text-align: center;" data-section-id="1lflviv" data-start="0" data-end="96">Third-Parties Maintain Overweight and Buy Ratings Following Record Quarter and Cash Flow Growth</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/avino-silver-gold-aya-gold-silver-vizsla-royalties/" target="_blank" rel="noopener">According to a May 14 report from Silver Advisor by Peter Krauth and Ted Butler,</a> Aya Gold & Silver's first-quarter results reflected growth in revenue, production, and cash flow. The report stated that the company generated "US$117 million in Q1 revenue, up 247% year-over-year," while net income rose to "US$49 million" and operating cash flow reached "a strong US$70 million." The publication also noted that Aya ended the quarter with "a solid US$172 million cash position." The report discussed operational performance and wrote that, "Despite challenging winter weather in Morocco, the company produced 1.5 million silver-equivalent ounces, showing solid operational resilience." It also noted that more than 42,000 meters of drilling had been completed at Boumadine and stated that drilling "confirmed continuity along the main mineralized trend and identified a new parallel structure, highlighting significant expansion potential." Silver Advisor disclosed that it maintained an overweight recommendation on the company, writing: "We are glad to maintain our overweight position in the stock as we watch this excellent team execute on growth plans." <a href="https://www.msn.com/en-us/money/companies/aya-gold-silver-shares-rise-after-record-revenue-beats-expectations/ar-AA23c7iQ" target="_blank" rel="noopener">In a May 14 market report, Fiona Craig wrote that Aya Gold & Silver shares "advanced more than 2% in premarket trading Thursday after the company reported first-quarter results highlighted by record revenue and sharply higher profitability."</a> The article noted that revenue rose 247% year over year to US$117.3 million, while "Operating cash flow rose 785% year-on-year to US$70 million." The report also included comments from President and Chief Executive Officer Benoit La Salle, who stated: "Despite challenging weather conditions, we delivered strong production, record mining rates and cash flow, highlighting the strength and resilience of our operations." In a May 14 research report, Cantor Fitzgerald reiterated its Buy recommendation and maintained a US$29/CA$39 per share target price on Aya Gold & Silver. The firm wrote, "We reiterate our Buy rating and US$29/CA$39/share price target on AYA." Cantor Fitzgerald described the quarter as "Mixed," noting results came "effectively in-line with our estimates but below consensus figures." The report also stated that "Q1/26 consolidated cash costs (Zgounder + Boumadine) came in at US$18.40/oz, -8% Q/Q and a beat on our US$22.63/oz estimate." The firm further reported that Aya generated "US$54 MM in free cash flow (a quarterly record)" and repaid US$14 million in debt during the quarter. Cantor Fitzgerald added, "Most importantly, we expect Q1/26 will likely mark the weakest quarter of 2026, with grades and throughput continuing to trend higher and margins expanding given the robust silver price environment." [OWNERSHIP_CHART-10198] </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-section-id="x2hf2k" data-start="3048" data-end="3105">Drilling Programs and Development Activities Continue</h2> Aya completed 5,838 meters of near-mine drilling at Zgounder and approximately 42,827 meters of drilling at Boumadine during Q1-2026. At Zgounder, the drilling program confirmed continuity of high-grade silver mineralization beyond current resource boundaries. Regional drilling and target testing are scheduled to begin in Q2-2026, following geological mapping and target generation activities. The broader 2026 exploration program includes 30,000 meters of drilling focused on extending near-mine mineralization and testing regional targets. At Boumadine, drilling confirmed continuity along the 5.4-kilometer Main Trend and identified a new parallel mineralized structure. Aya's 2026 program includes a planned 200,000 meters of drilling, with 180,000 meters intended to focus on converting inferred resources into measured and indicated categories and 20,000 meters allocated to regional exploration. <a href="https://www.ayagoldsilver.com/_resources/presentations/Aya-Investor-Presentation.pdf?v=051910" target="_blank" rel="noopener">The company also reported progress on infrastructure and development work</a>. Construction of the second phase of the tailings storage facility at Zgounder is expected to be completed in Q3-2026. Aya said feasibility work at Boumadine continued across multiple areas, including metallurgical testing, energy, water supply, logistics scenarios, and tailings storage facility location assessment. The company also stated that an updated preliminary economic assessment, including updated mineral resources, is planned for the second half of the year. Separately, Aya announced board changes following previously announced retirements. The company said it intends to appoint current director Ghislane Guedira as Chair of the Board, subject to election at the upcoming annual general meeting, and nominated Krystal Ramsden and Yves Bonin as independent directors. <h2 style="text-align: center;">Ownership & Share Information1</h2> 3.97% of Aya Gold and Silver is held by investors. Institutions hold 41.99%, with Mirae Asset owning 3.97% and Tidal Investments LLC owning 3.87%. The rest is retail. Aya has a market cap of US$3.79 billion, 137.66 million free float shares, and a 52-week range of US$25.74 - US$27.71. <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>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=31225"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31225" width="0" height="0"> ( Companies Mentioned: AYA:TSX; MYAGF:OTCMKTS, ) Tue, 19 May 2026 00:00:00 PST Gold Explorer Lands US$9.6M Raise as Two Major Miners Maintain Strategic Stakes https://www.streetwisereports.com/article/2026/05/18/gold-explorer-lands-us-9-6m-raise-as-two-major-miners-maintain-strategic-stakes.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/gold-explorer-lands-us-9-6m-raise-as-two-major-miners-maintain-strategic-stakes.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) closed a US$9.6 million upsized financing while Centerra Gold and Alamos Gold maintained ownership positions and the company outlined funded 2026 exploration plans.<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> announced<a href="https://drydengold.com/dryden-gold-closes-its-upsized-financing-with-strategic-investments-from-centerra-gold-and-alamos-gold/" target="_blank" rel="noopener"> that it closed its previously announced non-brokered Upsized Financing, issuing an aggregate of 22,716,146 common shares for gross proceeds of US$9,595,045.60. </a>The financing consisted of flow-through common shares and charity flow-through common shares. A total of 16,031,449 flow-through common shares were issued at US$0.41 per share for aggregate proceeds of US$6,572,894.09, while 6,684,697 charity flow-through common shares were issued at US$0.452 per share for aggregate proceeds of US$3,022,151.51. The company stated that the flow-through and charity flow-through shares qualify as "flow-through shares" under the Income Tax Act (Canada) and as "Ontario focused flow-through shares" under the Ontario Tax Act. Dryden Gold also paid a 6% cash finders' fee totaling US$291,028.46 to eligible arm's length parties on certain subscriptions accepted under the financing. Interward Asset Management Ltd. acted as financial advisor regarding the transaction. <a href="https://drydengold.com/dryden-gold-closes-its-upsized-financing-with-strategic-investments-from-centerra-gold-and-alamos-gold/" target="_blank" rel="noopener">Dryden Gold also announced that Centerra Gold Inc. exercised its "top-up right" to maintain its 9.9% ownership interest in the company under an investor rights agreement dated December 17, 2024</a>. Centerra purchased 2,305,000 common shares through the charity flow-through portion of the financing. In addition, Alamos Gold Inc. purchased 2,410,000 common shares issued under the charity flow-through portion of the financing. Following the transaction, Alamos held an aggregate of 25,413,326 common shares, maintaining a 10.46% ownership position in Dryden Gold. The company stated that proceeds from the Upsized Financing would be used to fund additional drilling and exploration activities across its 90,000-hectare property in Northwestern Ontario. The company also stated that an amount equal to the gross proceeds from the issued flow-through securities would be used for eligible exploration expenditures under applicable Canadian tax legislation. The issuance of shares remains subject to final acceptance by the TSX Venture Exchange and applicable regulatory requirements. Securities issued in connection with the financing are subject to a hold period of four months and one day under Canadian securities laws. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a09cd43-bcbc-83ea-b948-3cd5d63994ce-8" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a09cd43-bcbc-83ea-b948-3cd5d63994ce-8" data-turn-id-container="request-6a09cd43-bcbc-83ea-b948-3cd5d63994ce-8" data-testid="conversation-turn-6" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="54808cc1-6f2a-40a8-9d5b-4b3ab0caf41d" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="11fxh9d" data-start="0" data-end="81">Inflation Trends and Rising Yields Continued to Shape Precious Metals Markets</h2> <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan, precious metals markets faced pressure as inflation concerns and higher borrowing costs influenced trading activity across commodities. </a>The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals," noting that both industrial and precious metals moved lower as investors reevaluated inflation expectations and monetary policy conditions. Bloomberg also cited ANZ Group Holdings analysts Daniel Hynes and Soni Kumari, who wrote that, "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco Media reported on May 15 that gold prices had moved lower during the week as inflation data,</a> Treasury yields and U.S. dollar strength weighed on sentiment. The report stated that "every move higher" in gold prices had been "capped by hotter inflation data, higher yields and a stronger dollar." Kitco also cited Marc Chandler of Bannockburn Global Forex, who said, "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." The same Kitco report highlighted a range of views regarding near-term market conditions. Adrian Day of Adrian Day Asset Management stated that "gold will likely continue to be quite volatile as short-term competing forces each take the upper hand in turns," while also noting that "steady buying from central banks and others" had remained a factor across the broader market. Daniel Pavilonis of RJO Futures stated, "It's just not going to be an easy trade like it was a few months ago," adding that markets had become "kind of jittery" as investors reacted to inflation and Treasury yield activity. <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">FX Empire's Muhammad Umair wrote on May 16 that inflation concerns had broadened beyond energy markets and increasingly affected broader economic conditions.</a> The report stated that "Inflation is back on the upswing," while noting that energy costs and producer prices had increasingly influenced economic expectations. It also stated that "inflation pressure is spreading beyond energy," contributing to higher Treasury yields and continued strength in the U.S. dollar. The report further discussed broader market influences on precious metals, stating that "gold is supported by the higher inflation, geopolitical risk and trade uncertainty," while also noting that rising Treasury yields and a stronger U.S. dollar continued to create pressure across the market. Silver was similarly described as benefiting from hard asset demand and inflation themes, although the report stated that "higher yields and strong US dollar" continued to limit momentum. Taken together, the reports described a precious metals market where inflation expectations, interest rates and currency trends remained key drivers, while geopolitical developments and broader economic data continued influencing market activity. <h2 style="text-align: center;" data-section-id="189af3y" data-start="0" data-end="110">Third-Party Reports Discussed Drilling Progress, Strategic Financing Activity and Exploration Developments</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/25/breakout-momentum-as-exploration-and-technical-recognition-builds.html?utm_medium=feed" target="_blank" rel="noopener">In a February 25 technical commentary, John Newell of John Newell & Associates discussed Dryden Gold's position within the gold exploration sector and referenced both operational and market-related factors.</a> Newell wrote that "with institutional backing, experienced Red Lake leadership, and a technical structure that remains constructive, Dryden offers speculative investors leveraged exposure to what could be an emerging high-grade gold district at a time when precious metals are strengthening." He also stated, "at the current price of CA$0.37, we continue to view the shares as a Speculative Buy, recognizing both the upside potential and the inherent risks associated with junior exploration companies." Newell also reviewed the company's trading activity and noted that "since the initial breakout in May 2025, Dryden Gold achieved its first two technical targets at CA$0.32 and CA$0.40." He added that "the third target at CA$0.46 has now also been met, confirming that the broader uptrend remains intact." On April 2, Chen Lin of the "What is Chen Buying? What is Chen Selling?" newsletter commented on drilling activity and wrote that Dryden Gold "released excellent drilling results. 4.25 meters grading 32.87 g/t gold, including 0.50 meters of 252.00 g/t gold on BM1 at 160 meters below surface at Sparrow." Lin added, "Unfortunately, nobody pays attention to this kind of day, but it is a very exciting result." <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/dryden-gold-cassiar-gold-amarc-resources-pacifica-silver-plus-two-new-podcasts/" target="_blank" rel="noopener">That same day, Jeff Valks of The Gold Advisor assigned a "Buy" rating following the company's release and discussed interpretations of the drill program.</a> Valks wrote that "these intercepts strengthen confidence in Dryden's structural targeting strategy and extend mineralization along strike and at depth across the Big Master Gold System." He further stated that "they show the team's 3-D interpretation is working in real time, not just on paper. That's the kind of feedback loop exploration companies hope for." Valks disclosed that he held a long position, while Jeff Clark maintained an overweight position with no plans to sell. <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/emperor-metals-westward-gold-dryden-gold-outcrop-silver/" target="_blank" rel="noopener">On April 27, Valks discussed the company's financing activity after the offering expanded to US$9,716,280</a>. He wrote that "Centerra Gold exercised its top-up right to maintain its 9.9% position" and that "Alamos Gold stepped in again as well, preserving its 10.46% ownership stake." Valks added, "what stands out here isn't the dilution, it's who chose not to be diluted," while also stating that "strategic shareholders maintaining ownership percentages while financing grows is usually a signal worth noticing." He disclosed that he held a long position, while Jeff Clark maintained an overweight position with no plans to sell. <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/dryden-gold-heliostar-metals/" target="_blank" rel="noopener">In a May 12 update, Valks discussed additional drill results and operational activity at Gold Rock, writing that Dryden Gold had delivered "another batch of high-grade results from Jubilee"</a> and was "now adding a second drill rig at Gold Rock." He added that "this is not just another assay table," stating that "Dryden says its new 3D geological model is giving the team more confidence in where the high-grade zones plunge at depth." Valks also described the planned drilling strategy, stating that "the summer plan is tidy," with one drill rig testing "deeper down-plunge targets in roughly 100-meter step-outs," while a second drill rig focused on "shallower targets along strike." He wrote that "the Dryden story is getting sharper and more detailed: better model, more targets, second rig, and high-grade zones now being chased with more purpose." Valks concluded, "That is how a district starts to earn attention." He disclosed that he held a long position, while Jeff Clark maintained an overweight position with no plans of selling. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-start="2324" data-end="2381">2026 Exploration Programs and Drill Activity Outlined</h2> <a href="https://wp-drydengold-2024.s3.ca-central-1.amazonaws.com/media/2026/05/2026-05-01-May-Investor-Presentation-Edits-May-12.pdf" target="_blank" rel="noopener">According to the company's May 2026 investor presentation, Dryden Gold outlined a funded 2026 exploration strategy centered on activity at Gold Rock Camp and regional targets. </a>The company stated that all permits had been approved and identified plans to accelerate drilling at Gold Rock Camp, including activity at North Mud Lake and the Walmsley Deformation Zone. The presentation also outlined work on regional targets, including expanded areas at Hyndman and Sherridon, as well as planning and permitting activities for additional exploration targets. The company also listed till substrate sampling on new ground, mapping and prospecting programs on priority target areas, and follow-up work at Hyndman focused on a granodiorite-hosted target. Dryden Gold's investor presentation stated that its 2026 exploration budget totaled CA$11.0 million and included 32,000 meters of drilling. The budget allocated CA$9.0 million toward drilling at Gold Rock, Hyndman, and Sherridon, CA$1.5 million for mapping, channel sampling, and compilation work, and CA$500,000 for additional sampling and surveys. The company stated that the fully funded 2026 exploration program began October 1, 2025 and was 40% complete. [OWNERSHIP_CHART-11012] The presentation also identified several 2026 work programs, including continued expansion of the Gold Rock target area, drilling at Mud Lake to test periodicity on strike in Gold Rock Camp, drill testing at the Hyndman Granodiorite discovery area, further work at the Sherridon regional target, and review of a property-wide soil-till program intended to identify additional regional targets. <h2 style="text-align: center;">Ownership & Share Structure2</h2> Dryden Gold Corp. has a market cap of CA$71.60 million, with 243.79 million shares outstanding. The company's 52-week range is CA$0.19-CA$0.48. Management and Insiders own 5.12% of company shares, while Strategic Investors own 51.58%. The remaining 48.42% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> <div class="contents"> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div>Important Disclosures:<ol> <li>Dryden Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of 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> 1 Disclosure for the quote from the John Newell article published on February 25, 2026. <ol start="1" type="1"> <li>For the quoted article, February 25, 2026, Dryden Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,050.</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. For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31224"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31224" width="0" height="0"> ( Companies Mentioned: DRY:TSXV; DRYGF:OTCQX; X7W:FSE, ) Mon, 18 May 2026 00:00:00 PST Historic Gold Belt Draws Attention as Drilling Begins and New Technical Levels Emerge https://www.streetwisereports.com/article/2026/05/19/historic-gold-belt-draws-attention-as-drilling-begins-and-new-technical-levels-emerge.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/historic-gold-belt-draws-attention-as-drilling-begins-and-new-technical-levels-emerge.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> KO Gold Inc. (KOG:CSE) launched drilling at its Smylers project while analysts discussed exploration progress, technical targets, and broader gold sector conditions.<a href="https://www.streetwisereports.com/pub/co/10970?utm_medium=feed" target="_blank" rel="noopener">KO Gold Inc. (KOG:CSE) </a>announced <a href="https://kogoldnz.com/news/ko-gold-commences-drilling-at-its-smylers-gold-project-in-otago-new-zealand/" target="_blank" rel="noopener">that it has commenced drilling at its 100%-owned Smylers gold exploration permit in the Otago gold district on New Zealand's South Island.</a> The Smylers drilling program represents the first phase of the company's expanded 2026 drilling campaign, which is expected to later extend to its Hyde, Glenpark and Carrick exploration permits. The company said reverse circulation and diamond drill holes commenced on May 5, 2026, at the Smylers permit, which is located along the eastern extension of the Hyde-Macraes shear zone. According to the company, the drilling program will step out from prior KO Gold drill holes completed in 2021 and has been designed to test continuity of mineralization along strike while complementing existing data and supporting potential resource estimation at Smylers. KO Gold also stated that concurrent soil geochemical sampling will take place during the Smylers drilling program to support continued target generation across the permit. The company said drilling work is being conducted by Eco Drilling under a fully implemented health, safety and environmental management system. Initial assay results from the program are expected beginning in the third quarter of 2026 following sample preparation and laboratory analysis at an independent SGS laboratory using industry-standard QA/QC protocols. The company also noted that Kiwi engagement had been reinitiated and land access arrangements had been updated before rig mobilization. <a href="https://kogoldnz.com/news/ko-gold-commences-drilling-at-its-smylers-gold-project-in-otago-new-zealand/" target="_blank" rel="noopener">After visiting the first drill site at Smylers, Greg Isenor, president and chief executive officer of KO Gold, stated,</a> "The commencement of drilling at Smylers EP represents a significant operational milestone for KO Gold and reflects several years of systematic exploration, target generation and stakeholder engagement in the Otago gold district." He added, "With drilling now underway at Smylers EP and the Carrick program advancing toward drill mobilization, we look forward to reporting drilling progress and assay results as the 2026 campaign advances." <h2 style="text-align: center;" data-start="0" data-end="69">Gold Sector Faced Pressure From Inflation, Yields, and Dollar Strength</h2> <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan</a>, precious metals faced broad pressure as inflation concerns and rising borrowing costs affected commodity markets. The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals," while adding that industrial and precious metals moved lower as investors reassessed inflation expectations and monetary policy conditions. Bloomberg also cited ANZ Group Holdings analysts Daniel Hynes and Soni Kumari, who wrote that, "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco Media reported on May 15 that gold prices moved lower through the week as inflation readings</a>, Treasury yields, and U.S. dollar strength weighed on sentiment. The report stated that "every move higher" in gold prices had been "capped by hotter inflation data, higher yields and a stronger dollar." Kitco also cited Marc Chandler of Bannockburn Global Forex, who noted that, "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." The same Kitco report showed differing views across market participants regarding near-term conditions. Adrian Day of Adrian Day Asset Management stated that "gold will likely continue to be quite volatile as short-term competing forces each take the upper hand in turns," while also noting that "steady buying from central banks and others" had remained a continuing factor in the broader market. Daniel Pavilonis of RJO Futures said, "It's just not going to be an easy trade like it was a few months ago," while adding that markets had become "kind of jittery" as investors reacted to inflation and Treasury yield movements. <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">Muhammad Umair wrote on May 16 that inflation concerns had expanded beyond energy markets and were influencing broader financial conditions</a>. According to the report, "Inflation is back on the upswing," while energy costs and producer prices were increasingly affecting economic expectations. The report added that "inflation pressure is spreading beyond energy," contributing to higher Treasury yields and continued U.S. dollar strength. The report also discussed the relationship between precious metals and broader macroeconomic conditions, stating that "gold is supported by the higher inflation, geopolitical risk and trade uncertainty," while noting that rising Treasury yields and a stronger U.S. dollar continued to create pressure across the market. Silver was similarly described as benefiting from hard asset demand and inflation themes, though the report said "higher yields and strong U.S. dollar" had continued to limit price momentum. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:520b74a2-d184-43a8-af9d-6f9148c56ca8-46" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:520b74a2-d184-43a8-af9d-6f9148c56ca8-46" data-turn-id-container="request-WEB:520b74a2-d184-43a8-af9d-6f9148c56ca8-46" data-testid="conversation-turn-6" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="60563207-5b37-490a-a17f-b366c7544237" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="81">Technical Report Discussed Exploration Progress and Identified New Trading Levels</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/25/breakout-momentum-as-exploration-and-technical-recognition-builds.html?utm_medium=feed" target="_blank" rel="noopener">According to a February 25 analysis from Technical Analyst John Newell of John Newell & Associates</a>, KO Gold had made notable progress advancing its exploration activities within New Zealand's historic Otago Gold District. Newell stated that the company had transitioned from quietly building its position in the district to demonstrating meaningful technical progress across its exploration portfolio. Newell noted that KO Gold had assembled approximately 400 square kilometers of exploration permits throughout the Otago Gold District. He wrote that the company's land position placed it along important structural corridors associated with existing mining operations and previous discoveries, describing it as a combination of scale and location within the junior exploration space. The report highlighted the Smylers Gold Project as a central asset within the company's portfolio. Located southeast of the Macraes Gold Mine, the project had been the focus of both historical and recent drilling programs. According to Newell, drilling results had repeatedly identified gold mineralization, while soil geochemistry work suggested that mineralized structures may continue into the less explored Smylers East area. He added that more than four kilometers of strike length had been confirmed along the Hyde-Macraes Shear Zone. Newell also referenced recent company developments, including the completion of a financing and the launch of targeted drilling programs focused on higher-grade mineralized zones. He stated that these activities supported the view that the structural system at Smylers appeared more extensive and continuous than previously understood. From a technical perspective, Newell observed that KO Gold shares had moved above a resistance level near CA$0.30 alongside stronger trading activity. He wrote that the stock had reached its initial technical target following an extended consolidation period and outlined additional technical levels of approximately CA$0.50 and CA$0.60, along with a longer-term objective near CA$0.90. "For investors willing to accept exploration risk in exchange for leveraged exposure to potential discovery, KO Gold Inc. remains a Speculative Buy at current levels at CA$0.30," Newell stated. He added that additional drill results could further define the scale of the system as exploration work continued. <a href="https://www.streetwisereports.com/article/2026/04/09/the-next-move-in-junior-miners-may-be-closer-than-it-appears.html?utm_medium=feed" target="_blank" rel="noopener">John Newell offered an April 9 market analysis update.</a> In it, he discussed broader conditions in the junior mining sector and outlined what he viewed as improving long-term conditions for precious metals and exploration equities. Newell wrote that recent weakness in junior mining shares resembled prior bull market corrections, noting that "bull markets do not move in straight lines" and that periods of sharp volatility often "shake out weak hands." He also pointed to sentiment indicators and longer-term market structures, stating that the recent correction had not altered the broader trend. According to Newell, "The recent correction does not break that structure. In many ways, it reinforces it." He added that sentiment readings appeared heavily washed out and suggested that many investors had already exited positions following the sector pullback. As part of his review of junior exploration opportunities, Newell highlighted technical setups showing early signs of improvement following extended periods of base building. An updated technical chart released by Newell for Regency Silver showed what he identified as a breakout pattern developing after a prolonged decline and consolidation phase. The chart noted that the stock had "declined in what appears to be a declining wedge pattern, which normally breaks out 2/3 down the wedge, and notice volume came in to confirm the bullish trend." The chart also referenced a period of "base building following a long decline" where "selling is exhausted and buying returns." Newell identified a first technical target at CA$0.45, followed by additional targets of CA$0.65 and CA$0.95. The chart also outlined a longer-term "Big Picture Target" of CA$2.20. Newell additionally noted that the technical setup followed a lengthy correction period after earlier gains, stating that "early success was punished in the brutal couple of years that followed this serious Junior Exploration Company." He indicated that recent price action and trading volume suggested a developing trend structure following the breakout pattern. [OWNERSHIP_CHART-10970] </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-start="2129" data-end="2199">2026 Drilling Campaign Expands Across Multiple Exploration Permits</h2> <a href="https://wp-kogoldnz-2025.s3.ca-central-1.amazonaws.com/media/2026/04/KO-Gold-Corporate-Presentation_Apr2026-v3.pdf" target="_blank" rel="noopener">KO Gold stated that its 2026 drilling campaign will progress sequentially across several exploration permits, beginning with Smylers and continuing at Carrick within the historic Carrick goldfield. </a>The company also said drilling is planned during 2026 for targets at Hyde and Glenpark. At Smylers, drilling will initially focus along the southeastern extension of the Hyde-Macraes shear zone. The company said a selection of deeper reverse circulation holes will be extended using diamond drilling techniques, while concurrent soil geochemical sampling will be conducted to refine targeting in adjacent untested areas. The Carrick exploration permit program is planned to follow Smylers and will include geological mapping and a reverse circulation and diamond drilling program designed to twin and validate key historical gold intersections in the Carrick goldfield. KO Gold stated that land access engagement with affected landowners is currently being finalized, and Department of Conservation access arrangements are also being advanced where applicable. The company said drill collar locations, planned hole orientations, and access arrangements for the Smylers and Carrick permits have already been finalized in consultation with landowners and according to the conditions of exploration permits granted by New Zealand Petroleum & Minerals. <h2 style="text-align: center;">Ownership and Share Structure2</h2> About 17.5% of the company is owned by insiders and management, and the rest is retail. KO Gold’s market cap is CA$6.26 million with 42.88 million shares outstanding. It trades in a 52-week range of CA$0.15 and CA$0.35. <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 class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div>Important Disclosures:<ol> <li>KO Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of KO Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the John Newell article published on February 25, 2026 <ol> <li>For the quoted article (published on February 25, 2026), the Company 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. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31222"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31222" width="0" height="0"> ( Companies Mentioned: KOG:CSE; KOGDF:OTC, ) Tue, 19 May 2026 00:00:00 PST New Airborne Survey Launches Over High-Grade Silver Target in Yukon https://www.streetwisereports.com/article/2026/05/19/new-airborne-survey-launches-over-high-grade-silver-target-in-yukon.html Source: <a href="https://www.streetwisereports.com/article/2026/05/19/new-airborne-survey-launches-over-high-grade-silver-target-in-yukon.html?utm_medium=feed">Streetwise Reports 05/19/2026</a> Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) has launched an airborne geophysical survey at its Veronica Project as strong silver prices and expanded exploration activity continue across the sector.<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> announced <a href="https://silvernorthres.com/airborne-geophysical-survey-underway-at-silver-norths-veronica-silver-project-yt/" target="_blank" rel="noopener">that an airborne magnetics and VTEM geophysical survey has commenced at its Veronica Project in the Silvertip-Midway District of Yukon</a>. The program is being conducted by Geotech Ltd. and includes magnetics and time domain electromagnetic VTEM surveys using 100 meter spaced flight lines and 1,000 meter spaced tie lines, totaling 253 line-kilometers of survey. According to the company, the work is intended to support mapping of lithology and host stratigraphy while also identifying structural architecture and potential faults that could host and control mineralizing systems. The company referenced previous exploration results at the property area, including a float cobble sample grading 2,860 g/t silver from the Lodge showing and 33.2 g/t silver identified in a northeast-trending fault at the Cooper showing. <a href="https://silvernorthres.com/airborne-geophysical-survey-underway-at-silver-norths-veronica-silver-project-yt/" target="_blank" rel="noopener">Jason Weber, President and CEO, stated in a company news release</a>: "The primary focus of this survey is to advance the mapping of stratigraphy and structure." He added, "In addition, we believe it has potential to identify conductive or low-resistivity CRD manto targets in the subsurface." Weber also stated that integrating the data with the adjacent Tim Property dataset was expected to provide "greater insight into a much larger mineralizing system extending across both projects." <h2 style="text-align: center;" data-start="0" data-end="67">Silver Sector Trends Supported by Rising Prices and Market Activity</h2> Gold and silver markets experienced strong price activity in early May as macroeconomic and geopolitical developments influenced investor positioning. <a href="https://247wallst.com/investing/2026/05/06/gold-and-silver-catch-fire-as-iran-deal-hopes-rewrite-the-inflation-playbook/" target="_blank" rel="noopener">Gerelyn Terzo wrote on May 6 that the PHLX Gold/Silver Sector climbed "roughly 8%" as buying activity increased across bullion and mining equities</a>. Spot silver was reported at "roughly US$77 an ounce," while "silver futures" posted a "6% jump." The report stated that a weaker U.S. dollar and changing inflation expectations contributed to movement in precious metals pricing. Terzo also wrote that "Silver outpacing gold is the tell here," noting that "Silver has industrial exposure that gold lacks, so when both rally together it usually signals investors expect easier policy without a recession." Chen Lin wrote on May 13 that silver continued to show strong market activity, stating simply: "Silver hit 90!" He also noted that his top silver holdings were "becoming the momentum stock, hitting new highs everyday!" <a href="https://seekingalpha.com/article/4904368-silvercorp-metals-stock-buy-driven-sector-low-aisc-strong-silver-price-tailwinds" target="_blank" rel="noopener">According to a May 14 analysis from The Sharpe Quest,</a> silver pricing continued to support activity across the sector. The report stated that "new all-time highs... coincided with a new push in silver," with silver having "closed near US$84." The analysis also discussed cost structures and operating metrics within silver mining, stating that all-in sustaining cost remained an important measure across the industry. It highlighted operations running at "US$12.86/oz of silver," which the report stated was "well below peers." The report also noted that by-product credits from metals such as lead and zinc reduced overall operating costs and stated that "the by-products pay more than the cost of operating the mine." The Sharpe Quest also discussed broader silver market conditions and wrote that "the silver market has already accumulated a deficit for the sixth consecutive year," describing it as a "structural tailwind." The report further stated that options activity showed "investor positioning is optimistic," while adding that market participants appeared "positioned to let a long position run." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:6c78fa59-8e2d-43b2-ad92-c1016d7b529e-40" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:6c78fa59-8e2d-43b2-ad92-c1016d7b529e-40" data-turn-id-container="request-WEB:6c78fa59-8e2d-43b2-ad92-c1016d7b529e-40" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="c9a730bf-8415-4eba-a7c8-7acb8db26778" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="g0xyod" data-start="0" data-end="44">Exploration Funding and Project Activity</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/23/fully-funded-for-discovery-in-canadas-highest-grade-silver-camp.html?utm_medium=feed" target="_blank" rel="noopener">According to a February 23 report from John Newell of John Newell & Associates, Silver North Resources Ltd. had moved from what he described as "'prove it' mode into 'expand it' mode."</a> Newell stated that the company had "just closed a major brokered financing that effectively funds the next two years of exploration," while adding that it was "heading into 2026 with its largest drill plan to date at Haldane in the Keno Hill Silver District of Yukon." In the same report, Newell discussed developments at the Main Fault target, writing that "the Main Fault is showing the scale and complexity needed to host high-grade mineralization, and they are still early in revealing its potential." He also stated that he "continue[s] to view Silver North as a Speculative Buy," reflecting the recommendation outlined in his analysis. Discussing technical indicators, Newell wrote that shares had "achieved targets in sequence," including CA$0.32 and CA$0.43, and had also "tagged the CA$0.55 area." He added that "the next obvious magnets remain CA$0.55, then the CA$0.70 interim level, and finally the big picture target at CA$1.05," describing chart levels identified in the report. Michael Ballanger of GGM Advisory Inc. wrote on April 28 that Silver North Resources Ltd. had "completed their SkyTEM312 airborne survey... on the flagship Haldane Property located right next to the historic Keno Hill Mine." Ballanger also stated that "most of their 2026 activity will be focused on Haldane." He additionally referenced the district's history, noting that "the Keno Hill Silver District was the site of the legendary United Heno Hill Mines epic move from CA$0.60 to $60 back in the late 1970's." </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-section-id="1lhjxn5" data-start="1437" data-end="1483">Exploration Activities and Program Details</h2> <a href="https://silvernorthres.com/wp-content/uploads/2026/02/VRIFY-Presentation-February-2026-Silver-North-Resources-Next-Generation-Silver-Discoveries-Corporate-Presentation.pdf" target="_blank" rel="noopener">Materials included in the company's corporate presentation described Veronica as one of three projects acquired under the GDR Project and identified it as a high-priority exploration target for 2026.</a> The presentation stated that the property is located approximately 12 kilometers north of Coeur Mining's Silvertip Mine and was described as exploring the same rocks hosting Silvertip mineralization. [OWNERSHIP_CHART-11042] According to the presentation, Silver North held an option to earn a 100% interest in the GDR Project through staged cash payments totaling US$102,000 over four years and staged share payments totaling 1,500,000 common shares over the same period. The agreement remained subject to a net smelter return royalty of 2.4%, of which the company stated 0.9% could be repurchased for US$2 million. The presentation also noted that Silver North had reported exploration work at the Betty target during 2025, where the anomaly area more than doubled to over one kilometer by one kilometer and remained open to the east and possibly south. It further stated that prospecting identified silver-lead mineralization on the property, including float cobbles containing 2,860 g/t silver and outcrop mineralization returning 17.15 g/t silver and 33.7 g/t silver. Silver North's presentation described Veronica as a "high-priority target for 2026 exploration." <h2 style="text-align: center;" data-start="4224" data-end="4443">Ownership and Share Structure2</h2> Management and strategic Investors own 14.6%, and the rest is retail. The company has a market cap of approximately CA$23.19 million and a 52-week share price range of CA$0.08 to CA$0.57 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the John Newell article published on February 23, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 23, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31221"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31221" width="0" height="0"> ( Companies Mentioned: SNAG:TSX.V; TARSF:OTCQB, ) Tue, 19 May 2026 00:00:00 PST New 6,600-Hectare Land Expansion Adds to District-Scale Gold-Copper Exploration Push https://www.streetwisereports.com/article/2026/05/18/new-6-600-hectare-land-expansion-adds-to-district-scale-gold-copper-exploration-push.html Source: <a href="https://www.streetwisereports.com/article/2026/05/18/new-6-600-hectare-land-expansion-adds-to-district-scale-gold-copper-exploration-push.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Sun Summit Minerals Corp. (SMN:TSX.V; SMREF:OTCQB) expanded its Toodoggone footprint through the newly issued Orbit Project claims while outlining exploration activity and planned 2026 work programs.<a href="https://www.streetwisereports.com/pub/co/11297?utm_medium=feed" target="_blank" rel="noopener">Sun Summit Minerals Corp. (SMN:TSX.V; SMREF:OTCQB)</a> announced <a href="https://sunsummitminerals.com/sun-summit-acquires-51-ownership-share-in-the-new-orbit-project/" target="_blank" rel="noopener">that it received confirmation from the British Columbia Ministry of Mining and Critical Minerals that five new mineral claims totaling 6,595 hectares, collectively known as the Orbit Project, had been issued in the Toodoggone Mining District. </a>The claims are located approximately 18 km north of the company's JD property and east of the Theory Project. The Orbit Project is jointly owned with Eagle Plains Resources Ltd. under a 51% and 49% ownership structure, respectively, with Eagle Plains designated as operator. The company stated that steps are underway to jointly prepare an exploration program for the 2026 season. According to the announcement, Sun Summit and Eagle Plains reached a formal agreement under which a definitive joint venture will be formed by December 31, 2026, to support continued exploration on the property. The company said planning was underway for a follow-up program in 2026 alongside activities at the Theory and JD projects. Sun Summit said the claims were acquired through staking using Mineral Titles Online and issued under British Columbia's Mineral Claims Consultation Framework. The acquisition expanded the company's Toodoggone land package by approximately 6,600 hectares, bringing its district-scale property portfolio to more than 31,500 hectares. "The Orbit mineral claims and our agreement with Eagle Plains further strengthen Sun Summit's foothold in the Toodoggone Mining District. Planned fieldwork in 2026 will expand our exploration presence in one of British Columbia's most active exploration districts," <a href="https://sunsummitminerals.com/sun-summit-acquires-51-ownership-share-in-the-new-orbit-project/" target="_blank" rel="noopener">CEO Niel Marotta said in a company news release.</a> The company also outlined exploration work completed at Orbit during 2025. Eagle Plains and Sun Summit commissioned TerraLogic Exploration Inc. to design and execute satellite-based remote sensing and field programs for the Theory and Orbit projects. EarthDaily Analytics interpreted datasets including SWIR-ASTER, VNIR-Sentinel, and Hyperspectral-EnMap data to identify and prioritize exploration targets. According to the company, only one field day of geological mapping, prospecting, and geochemical sampling was completed at Orbit during the 2025 program, covering less than 5% of the anomaly area. Thirty-nine rock samples were collected during two traverses targeting quartz veins and altered intrusive rocks. Reported results included sample JBOIR011, which returned 3.8 ppm gold, 130 ppm silver, and 134.5 ppm molybdenum, and sample THOIR009, which returned 1.37 ppm gold, 26.9 ppm silver, 4,780 ppm copper, and 447 ppm antimony. The company noted that several samples had been submitted for petrographic analysis, with results pending. <h2 style="text-align: center;" data-start="0" data-end="786">Gold and Copper Sector Trends Remain in Focus</h2> The gold and copper exploration sector faced shifting macroeconomic conditions during mid-May as metals markets reacted to inflation data, bond yields, and currency movements. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-falls-usd-treasury-yields-180138422.html" target="_blank" rel="noopener">According to a May 15 Bloomberg report by Yvonne Yue Li and Jack Ryan,</a> "metals from gold to copper sank in a broad selloff in financial markets" as investors assessed inflation pressures and the possibility of higher borrowing costs. The report stated that "higher borrowing costs tend to cool the economy and weaken demand for metals like copper," while noting that industrial metals also felt pressure as broader markets retreated. ANZ Group analysts Daniel Hynes and Soni Kumari wrote that "Inflation expectations, higher yields and a stronger dollar are likely to keep gold under pressure in the near term." Additional commentary from the precious metals sector pointed to similar themes. <a href="https://www.kitco.com/news/article/2026-05-15/wall-street-sees-gold-dropping-further-yields-and-dollar-strengthen-main" target="_blank" rel="noopener">Kitco News reported on May 15 that gold prices faced pressure from inflation data,</a> rising Treasury yields, and a stronger U.S. dollar. According to Marc Chandler, managing director at Bannockburn Global Forex, "Surging interest rates and an appreciating greenback weighed on gold prices at the end of the week." Daniel Pavilonis, senior commodities broker at RJO Futures, stated that "The long end of the curve is moving higher," adding that inflation concerns suggested, "It's going to be here, it's going to be sticky." He also noted that "that's across the board for commodities." <a href="https://www.fxempire.com/forecasts/article/inflation-impact-spreads-as-treasury-yields-gold-silver-and-stocks-face-volatility-1598299" target="_blank" rel="noopener">Broader commodity commentary published by Muhammad Umair on May 16 described inflation as an increasingly important market factor extending beyond energy prices. </a>The report stated that "pressure is building on the economy, not just the energy sector," while observing that rising inflation and Treasury yields continued supporting a stronger U.S. dollar. The analysis also noted that gold occupied a mixed position in the market, stating that "Gold is supported by the higher inflation, geopolitical risk and trade uncertainty," while higher yields and dollar strength continued creating pressure on pricing. Longer-term demand indicators for copper-related markets continued to highlight infrastructure and electrification trends. <a href="https://www.indexbox.io/blog/copper-and-brass-flat-products-market-forecast-points-higher-toward-2035-on-electrification-and-construction-demand/">According to a May 16 IndexBox report on the Copper and Brass Flat Products market,</a> the industry was entering "a period of measured but structurally supported growth through 2035, shaped by the dual forces of electrification and infrastructure renewal." The report stated that "Demand growth will be led by the electrical and electronics sector, driven by grid modernization, EV charging infrastructure, and data center buildout." It also identified "Electrification and grid modernization investments globally" and "Expansion of renewable energy installations" among primary demand drivers. Source: IndexBox. <div class="" data-turn-id-container="3fee0e1d-cd99-4298-b8c7-374a3eb1ca26" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-(--header-height)" dir="auto" data-turn-id="3fee0e1d-cd99-4298-b8c7-374a3eb1ca26" data-turn-id-container="3fee0e1d-cd99-4298-b8c7-374a3eb1ca26" data-testid="conversation-turn-11" data-scroll-anchor="false" data-turn="user"></section> <div class="contents"> </div> </div> </div> <div class="" data-turn-id-container="request-WEB:eb9013ae-27ff-4321-97a3-64e809f324c5-33" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:eb9013ae-27ff-4321-97a3-64e809f324c5-33" data-turn-id-container="request-WEB:eb9013ae-27ff-4321-97a3-64e809f324c5-33" data-testid="conversation-turn-12" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="bce66ac9-55fd-4c36-9945-e2bcb38a8d7c" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="66">Finn Zone Assays Referenced Alongside Planned Exploration Activity</h2> In a January 26 report, Couloir Capital reviewed exploration results from the Finn Zone at the JD Project and discussed planned work outlined for 2026. The firm referenced assay data from the 2025 drilling program and noted the relationship between the reported results and future exploration plans. Couloir wrote that "the assays confirm the Finn zone's high-grade potential and support plans for a fully funded ~10,000m 2026 drill program," while discussing previously reported drilling and the scale of the proposed exploration activities. </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-start="2795" data-end="2866">Exploration Programs and Project Activity Continue Across Portfolio</h2> <a href="https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2026/05/Sun-Summit-Presentation-May-1-2026.pdf" target="_blank" rel="noopener">Sun Summit said planning was underway for a jointly funded Orbit exploration program for the 2026 season</a>, with additional details to be disclosed after budgets and plans are finalized. The company stated that the program is intended to follow up on results from the 2025 reconnaissance prospecting work. [OWNERSHIP_CHART-11297] Separately, company materials outlined exploration activity and planned work at its JD and Theory projects. The presentation stated that Sun Summit had closed an $11.5 million private placement in December 2025 and described plans for a 10,000-meter-plus drill program at JD during summer 2026. The company also stated that an initial mineral resource estimate at JD was expected by Q1 2027. According to the presentation, the 2025 JD program included 6,800 meters of drilling across 21 holes, approximately 1,500 soil samples, 668 rock samples, geophysical work, camp outfitting, and metallurgical studies. The materials also outlined a planned 2026 exploration budget of $10 million for JD. The presentation also described the Theory Project, where a 2025 fly-camp program identified three mineralized zones and noted a planned approximately $750,000 exploration program for 2026, including geophysics and target definition work. <h2 style="text-align: center;">Ownership and Share Structure1</h2> 6.9% of Sun Summit Minerals Corp is owned by management and insiders. The rest is in retail. Sun Summit has a market cap of CA$52million with 317.5 million free float shares and a 52-week range of CA$0.065 to CA$0.26. <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>Sun Summit is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sun Summit.</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=31220"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31220" width="0" height="0"> ( Companies Mentioned: SMN:TSX.V; SMREF:OTCQB, ) Mon, 18 May 2026 00:00:00 PST Canadian Explorer Advances Massive Chile Copper Discovery Potential https://www.streetwisereports.com/article/2026/05/15/canadian-explorer-advances-massive-chile-copper-discovery-potential.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/canadian-explorer-advances-massive-chile-copper-discovery-potential.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Nobel Resources Corp. (NBLC:TSXV) begins drilling at Chile's Pampa Austral after historic results showed 70m of 0.70% copper, including high-grade zones.<a href="https://www.streetwisereports.com/pub/co/11480?utm_medium=feed" target="_blank" rel="noopener">Nobel Resources Corp. (NBLC:TSXV)</a> announced on May 15, 2026, the <a href="https://www.stockwatch.com/News/Item/U-z9720728-U!NBTRF-20260515/U/NBTRF" target="_blank" rel="noopener">commencement of a diamond drilling program</a> at its Pampa Austral property in Chile's metallogenic belt. Nobel plans an initial program targeting two drill holes to evaluate estimates reported in historical drilling data. Historical data suggests intersection of 70 meters grading 0.70% copper, in which 14 meters grading 2.1% copper and 0.1 g/t gold are also reported. The mineralized hole occurs adjacent to an IP chargeability anomaly, as per surveys conducted by the optioner of Pampa Austral subsequent to the Farwest drilling. This anomaly will also be tested. In other news, Quantec Geophysics is conducting an IP survey at the Cuprita project, which has reached around 75% completion. Preliminary results suggest a chargeability anomaly extending to the south and west under the lithocap that was the target of the initial drill program. Further, recent results from a Photosat high resolution satellite imagery survey confirm that alteration mineral assemblages characteristic of mineralized porphyry systems in the area occur associated with the extensive lithocap at Cuprita. <a href="https://www.stockwatch.com/News/Item/U-z9720728-U!NBTRF-20260515/U/NBTRF" target="_blank" rel="noopener">Nobel's CEO and Director, Vernon Arseneau, said in the release</a>: "The results at Cuprita are encouraging and satellite data will be integrated with the IP survey, when completed, and the detailed geological mapping to improve drill targeting for a future campaign." Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects in northern Chile. <h2 style="text-align: center;">Copper Demand Unlikely to Lessen in 2026</h2> Copper prices are continuing to boom due to industrial demand and the rise of AI data centers. On May 12, 2026, <a href="https://economictimes.indiatimes.com/news/international/us/what-is-really-driving-copper-futures-to-record-highs-copper-prices-just-broke-every-record-as-ai-data-center-boom-fuels-global-supply-crunch/articleshow/131064718.cms?from=mdr" target="_blank" rel="noopener">Piyush Shukla of The Economic Times</a> wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton and COMEX copper crosses US$6.50 per pound. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China’s factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch." So far, <a href="https://www.mining.com/copper-price-hits-record-in-us-on-supply-risks-tariff-bets/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=6d504bff47-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-6d504bff47-606677560" target="_blank" rel="noopener">copper prices have risen more than 10% since the start of the year</a>, and over 40% since the beginning of 2025. In a war that has drawn focus due to oil shortages, investors may find themselves questioning what problems it could cause for copper. Other than the traditional volatility of metals during times of political uncertainty, <a href="https://stockhead.com.au/resources/ten-bagger-despite-headwinds-copper-is-again-proving-its-metal/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-05-14-2026&utm_content=httpsstockheadcomauresourcestenbaggerdespiteheadwindscopperisagainprovingitsmetal&utm_medium=email&utm_campaign=CB%20NL%20May%2014&utm_content=CB%20NL%20May%2014+CID_ba39723ed48517e5d5d2e53ab23a9961&utm_source=Campaign%20Monitor&utm_term=Ten%20Bagger%20Despite%20headwinds%20copper%20is%20again%20proving%20its%20metal" target="_blank" rel="noopener">Josh Chiat of Stockhead noted</a> that ". . . the Middle East is a major source of sulphur, a by-product from oil and gas production, and an input key to the sulphuric acid commonly used in nickel and copper processing. Twenty percent of world copper supply comes from SX-EW (solvent extraction and electrowinning), which requires sulphuric acid, which has been impacted by the closure of the Strait of Hormuz." Peace talks between the U.S. and Iran are ever-evolving, but copper prices are unlikely to fall dramatically, even if a resolution is found. <a href="https://www.mining.com/copper-price-hits-record-in-us-on-supply-risks-tariff-bets/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=6d504bff47-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-6d504bff47-606677560" target="_blank" rel="noopener">China's output fell by 3% in April 2026</a>, and tariff expenses are keeping the stock price high.[OWNERSHIP_CHART-11480] <h2 style="text-align: center;">A Leveraged Stock for Copper Investors</h2> 1In a contributed opinion piece for Streetwise Reports, <a href="https://www.streetwisereports.com/article/2025/12/23/a-drill-ready-copper-opportunity-in-one-of-the-worlds-best-copper-belts.html?m_t=2025_12_23_13_50_48&utm_medium=feed" target="_blank" rel="noopener">John Newell of John Newell and Associates wrote about Nobel Resources</a> on December 23, 2025. Newell rated the company as a "Speculative Buy", noting that, "Nobel Resources Corp. is positioning itself to become a copper discovery company at a time when new discoveries in tier-one jurisdictions are increasingly rare." He continued, saying, "I view Noble Resources as a "Speculative Buy" for investors who understand exploration risk and are looking for leverage to copper discovery in a world-class jurisdiction." <h2 style="text-align: center;">A Separate Project to Explore</h2> <a href="https://www.nobel-resources.com/_resources/presentations/corporate-presentation.pdf?v=0.192" target="_blank" rel="noopener">Nobel intends</a> to explore its Anais property, which is located near Manto Verde Mine and within a metallogenic belt that includes large copper deposits. This is a ready-to-drill project in which the company hopes to discover high-grade copper-gold mineralization. <h2 style="text-align: center;">Ownership & Share Information2</h2> Nobel Resources Corp. has a market cap of CA$10.47 million, with 209.40 million shares outstanding. The company's 52-week range is CA$0.02-CA$0.17. Management & Insiders hold 8.38% of shares, while the remaining 91.62% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Nobel Resources Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nobel Resources Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <ol> <li>Disclosure for the quote from the John Newell article published on December 23, 2025</li> </ol> <ol> <li>For the quoted article published on December 23, 2025, Nobel Resources Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <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=31219"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31219" width="0" height="0"> ( Companies Mentioned: NBLC:TSXV, ) Mon, 18 May 2026 00:00:00 PST Adjacent to Hecla, Backed by Newmont and Sprott Copper-Silver Junior Triples Gold Royalty Stream https://www.streetwisereports.com/article/2026/05/15/adjacent-to-hecla-backed-by-newmont-and-sprott-copper-silver-junior-triples-gold-royalty-stream.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/adjacent-to-hecla-backed-by-newmont-and-sprott-copper-silver-junior-triples-gold-royalty-stream.html?utm_medium=feed">Streetwise Reports 05/18/2026</a> Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC) confirmed gold-bearing horizons averaging 48.7 feet thick as three Yukon operations move toward production.<a href="https://www.streetwisereports.com/pub/co/9081?utm_medium=feed" target="_blank" rel="noopener">Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC)</a> is generating royalty cash flow from producing gold operations while advancing two district-scale critical-mineral assets, all at a market capitalization of approximately CA$70 million as a junior mining company. On May 14, 2026, the company announced it is <a href="https://www.stockwatch.com/News/Item/Z-C!MMG-3820867/C/MMG" target="_blank" rel="noopener">tripling its Yukon alluvial gold royalty</a> footprint for the 2026 production season, moving from a single producing operation at Australia Creek to three operator-funded operations spanning the Klondike and Mayo goldfields. With gold trading near record highs above US$4,700 per ounce, the timing is consequential. Since royalty production began in 2023, Metallic's initial Australia Creek operation has generated more than CA$1.1 million in cumulative royalty value, with 2025 delivering the company’s largest annual royalty gold production to date. Management expects 2026 to deliver a step-change in production and cash flow as the second Klondike operation at Dominion Creek moves into full production and a third operation at South Keno/Granite Creek mobilizes after a successful 2025 drill program that returned visible gold in all seven RC (reverse circulation) holes, with gold-bearing horizons averaging 14.8 meters in thickness. <h2 style="text-align: center;">A Leveraged Royalty Model Built to Scale</h2> The structural feature that sets Metallic apart from the broader junior universe is its gold royalty stream model. Under operator partnership agreements, third-party operators fund all mining, equipment, and site execution; Metallic retains 100% ownership of the underlying claims and receives 10-15% royalty exposure to production. The result is potential near-term, non-dilutive cash flow with full leverage to the gold price. Metallic is one of the largest holders of alluvial mining claims in the Yukon, with approximately 64 square kilometers across the Klondike and Mayo goldfields. The company believes the portfolio could ultimately support as many as 10 operator-based operations over time, subject to exploration success, permitting, and the usual operational considerations. Beyond the three areas advancing into 2026 production, Metallic holds additional alluvial claims at Melba, California, McKim, Faith, and Allen Creeks that represent the pipeline behind that scaling case. In the words of Metallic Minerals’ CEO, Greg Johnson, "Metallic Minerals is building something that is highly unusual among junior exploration and development companies — a growing gold royalty production business in one of the world’s great historic placer gold jurisdictions — combined with exposure to two advancing district-scale copper and silver assets." <h2 style="text-align: center;">A Single Junior with Exposure to Copper, Silver, and a Gold Royalty Stream</h2> The company said, "For investors seeking concentrated exposure to the critical-minerals and precious-metals supercycle, Metallic Minerals offers an unusually balanced combination of leverage and validation." The La Plata project in southwestern Colorado is one of only three PGE-bearing development-stage resources in the U.S. and is backed by a strategic investment from Newmont Corporation, the world’s largest gold producer, in direct alignment with the U.S. push to secure domestic supply of copper, silver, and platinum group metals. The Keno Silver project in the Yukon hosts an 18.2-million-ounce high-grade silver resource immediately adjacent to Hecla Mining Co.'s (HL:NYSE) Keno Hill operations, the largest primary silver producer in both the U.S. and Canada. This is a district with more than 300 million ounces of past production and current reserves and resources. The company believes that the Yukon alluvial royalty portfolio provides what most juniors cannot — actual gold production, scaling cash flow, and full leverage to record gold prices, without the dilution that typically accompanies junior exploration. With Newmont and Eric Sprott on the register, an experienced exploration team with a track record of discovery, and a market capitalization of approximately CA$70 million against the underlying asset base, Metallic Minerals could be one of the more differentiated risk-reward propositions in the junior mining sector today. <h2 style="text-align: center;">Multi-Year Metal Uptrends Intact, Mid-Cycle Consolidation Opportunity</h2> Some experts argue that what looks like volatility in the metals complex is, on a multi-year view, a structurally constructive picture. Gold, silver, and copper have all been in sustained multi-year uptrends, and the late-January 2026 peak in gold near US$5,600 capped a major leg up that was severely overbought on weekly indicators. The consolidation since then appears to be a healthy pause within that longer trend rather than a reversal of it — and the three metals are at different points within that pause. Copper has already completed its consolidation. After breaking out from prior resistance, copper has pushed to new all-time highs in recent weeks, leading the metals complex higher. Silver has broken out of its short-term consolidation downtrend and is now constructively retesting the breakout from above, with its long-term uptrend intact. Gold is the laggard of the three, still completing its retracement back toward its long-term uptrend support — a position that, technically, presents a compelling setup for the sector. That intermarket sequencing — industrial metals leading, precious metals following — is consistent with how cycle turns have historically unfolded, and it is being underwritten by external forecasters. <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a> in April that “gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows.” The World Bank Group has projected overall global metals prices will rise 17% in 2026 — the first broad-based increase since 2022, as reported by <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today</a> on May 7, 2026. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-thursday-may-14-gold-holds-silver-stays-strong-104613262.html" target="_blank" rel="noopener">June gold futures</a> opened at US$4,696.80 per ounce on May 14, 2026, according to <a href="https://finance.yahoo.com/personal-finance/personal-loans/" target="_blank" rel="noopener">Yahoo Finance</a>, up 45.3% year-over-year. For Metallic Minerals, the implications are direct. The Yukon alluvial royalty stream is leveraged to the metal that retains the cleanest remaining technical setup — gold, mid-consolidation against an intact long-term uptrend. The La Plata copper-silver-PGE project and the Keno Silver project are leveraged to the two metals — copper and silver — that have already broken out and are leading the move. For a junior of Metallic’s size, it could become an unusually well-aligned exposure profile across the entire metals complex. <h2 style="text-align: center;">Analysts See Stock Price Increase Coming</h2> <a href="https://www.streetwisereports.com/article/2026/01/28/1-5b-added-metal-value-as-copper-silver-resource-jumps-23-and-adds-platinum-palladium.html?utm_medium=feed" target="_blank" rel="noopener">Analyst Taylor Combaluzier for Red Cloud expressed excitement about Metallic's potential</a> in a January 27, 2026, article, saying: "We believe that further drilling success and ongoing support from strategic investors like Newmont should boost the attractiveness of this bulk-tonnage porphyry deposit as the U.S. seeks to develop its domestic critical mineral resources."[OWNERSHIP_CHART-9081] In a January 29, 2026, research report, <a href="https://www.streetwisereports.com/article/2026/03/17/mining-co-expands-critical-minerals-resource-to-1-3b-lbs-copper-17-moz-silver-and-272k-oz-pge-au-at-colorado-project.html?utm_medium=feed" target="_blank" rel="noopener">Couloir Capital reiterated its "Buy" rating for Metallic</a>, and updated its fair value per share estimate to CA$1.24, up from CA$0.80. Couloir mentioned looking forward to receiving the results included in this article. <h2 style="text-align: center;">Management Meeting the Public</h2> Beyond the three areas advancing into 2026 production, Metallic holds additional alluvial claims at Melba Creek and California Creek in the Klondike goldfields, and McKim Creek, Faith Creek and Allen Creek in the South Keno area. These holdings represent further pipeline opportunities for future operator agreements and underpin the company's view that the broader Yukon alluvial portfolio could ultimately support multiple additional operations beyond those currently in start-up. <a href="https://www.stockwatch.com/News/Item/Z-C!MMG-3820867/C/MMG" target="_blank" rel="noopener">The press release also listed upcoming events where Metallic's management team will be present</a> and invited potential investors to meet: <ul> <li>Global Commodities Expo Washington DC: Washington, D.C., U.S., May 17 to May 19, 2026;</li> <li>Global Commodities Expo Florida: Ft. Lauderdale, Fla., U.S., May 20 to May 22, 2026;</li> <li>Western Mining Summit 2026: Denver, Colo, U.S., May 20 to May 22, 2026.</li> </ul> <h2 style="text-align: center;">Ownership & Share Structure1</h2> Metallic Minerals Corp. has a market cap of CA$70.47 million, with 213.53 million shares outstanding. The company's 52-week range is CA$0.20-CA$0.47. Insiders & Management own 15% of shares, while Institutions own 20%. Strategic Investors, including Newmont and Eric Sprott, own 30%, and the remaining 45% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Metallic Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Metallic Minerals Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Metallic Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31216"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31216" width="0" height="0"> ( Companies Mentioned: MMG:TSX.V; MMNGF:OTCQB, ) Mon, 18 May 2026 00:00:00 PST Gold Explorer Finds Excellent High-Grade Gold, Targets Big Gains https://www.streetwisereports.com/article/2026/05/15/gold-explorer-finds-excellent-high-grade-gold-targets-big-gains.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/gold-explorer-finds-excellent-high-grade-gold-targets-big-gains.html?utm_medium=feed">Ron Stewart 05/15/2026</a> Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) shares results from the Southwest deposit of its wholly owned Clarence Stream Au project in New Brunswick. Find out how one analyst rates the stock.<a href="https://www.streetwisereports.com/pub/co/517?utm_medium=feed" target="_blank" rel="noopener">Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB)</a> recently shared results from seven diamond drill holes at the Southwest deposit of its wholly owned Clarence Stream Au project in New Brunswick, according to an updated research note by Red Cloud Analyst Ron Stewart on May 14. The drilling focused on the northeastern section of the deposit and revealed consistent high-grade mineralization, with one intercept grading as high as 20.7 grams per tonne gold (g/t Au) over 11 meters (CL-249). These promising results are anticipated to positively impact the upcoming Mineral Resource Estimate (MRE), which is scheduled for release in the second quarter of 2026. The company has conducted approximately 70,000 meters of drilling across the North, South, and Southeast deposits since the last MRE, Stewart noted. This extensive drilling campaign has not only reinforced the continuity of high-grade mineralization but has also identified 12 additional high-priority targets, suggesting significant growth potential for the project. The project benefits from excellent infrastructure, including multiple paved roads, grid power, railways, and a deepwater port. <h2 style="text-align: center;">Details of Results</h2> Specifically, infill drilling has confirmed the continuity of mineralization. Holes CL-249, CL-350, and CL-251, drilled approximately 25 meters apart, not only confirmed high-grade zones but also revealed a secondary mineralized zone at greater depths. Another hole, CL-250, drilled 50 meters from the others, supported the continuity between shallower high-grade zones and deeper sections, the note said. Notable results included 20.7 g/t Au over 11 meters including 49.2 g/t Au over 4 meters in hole CL-249, 6 g/t Au over 8 meters including 18.3 g/t Au over 2 meters in hole CL-252, and 7.6 g/t Au over 3 meters including 21 g/t Au over 1 meter in hole CL-251. Additionally, a district-scale geophysical program is currently underway to identify new targets beyond the three main deposits, Stewart said. This program includes the Resolve EM survey for near-surface targeting and the HeliTEM EM survey for deeper penetration. The Clarence Stream project spans approximately 65 kilometers of a prospective structural corridor, and several regional targets have exhibited stronger anomalies than those within the resource area. <h2 style="text-align: center;">Upcoming Catalysts for Co.</h2> With four rigs continuously operating, the updated MRE is expected by mid-2026, followed by a Preliminary Economic Assessment (PEA) by the end of the year. The current MRE includes 0.9 million ounces (12.4 Mt at 2.31 g/t Au) and 1.33 million ounces (16 Mt at 2.6 g/t Au) in Indicated and Inferred resources, respectively. The Southwest deposit, hosting 70% of these resources, has shown metallurgical recoveries of up to 98%. There is also potential for antimony production, with preliminary recoveries also up to 98%. "We maintain our BUY rating and CA$2.20/share target price for the stock," Stewart wrote. "We value Galway using the in-situ Ev/oz value of US$65/oz applied to ounces at Clarence Stream and Estrades (and) believe that positive exploration and development updates should drive the stock in the near-term." Upcoming catalysts include ongoing assays from the Clarence Stream drill program, metallurgical testing results, the updated MRE in mid-2026, and drilling at the Estrades JV in the second half of 2026, the analyst said. <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>Galway Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Galway Metals Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. 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. Disclosures for Red Cloud Securities, Galway Metals Inc., May 14, 2026: Disclosure Requirement Red Cloud Securities Inc. is registered as an Investment Dealer and is a member of the Canadian Investment Regulatory Organization (CIRO). Red Cloud Securities registration as an Investment Dealer is specific to the provinces of Alberta, British Columbia, Manitoba, Ontario, Quebec, and Saskatchewan. We are registered and authorized to conduct business solely within these jurisdictions. We do not operate in or hold registration in any other regions, territories, or countries outside of these provinces. Red Cloud Securities bears no liability for any consequences arising from the use or misuse of our services, products, or information outside the registered jurisdictions. Part of Red Cloud Securities Inc.'s business is to connect mining companies with suitable investors. Red Cloud Securities Inc., its affiliates and their respective officers, directors, representatives, researchers and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities. Additionally, Red Cloud Securities Inc. may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services. Red Cloud Securities Inc. has prepared this document for general information purposes only. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided has been derived from sources believed to be accurate but cannot be guaranteed. This document does not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud Securities Inc. will not treat recipients of this document as clients by virtue of having viewed this document. Red Cloud Securities Inc. takes no responsibility for any errors or omissions contained herein, and accepts no legal responsibility for any errors or omissions contained herein, and accepts no legal responsibility from any losses resulting from investment decisions based on the content of this report. Company Specific Disclosure Details Company Name Ticker Symbol Disclosures Galway Metals Inc. TSXV:GWM 3 1. The analyst has visited the head/principal office of the issuer or has viewed its material operations. 2. 3. 4. 5. 6. 7. 8. 9. 10. The issuer paid for or reimbursed the analyst for a portion, or all of the travel expense associated with a visit. In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services for the issuer. In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or an analyst involved in the preparation of the research report has provided services other than in the normal course investment advisory or trade execution services to the issuer for remuneration. An analyst who prepared or participated in the preparation of this research report has an ownership position (long or short) in, or discretion or control over an account holding, the issuer’s securities, directly or indirectly. Red Cloud Securities Inc. and its affiliates collectively beneficially own 1% or more of a class of the issuer’s equity securities. A partner, director, officer, employee or agent of Red Cloud Securities Inc., serves as a partner, director, officer or employee of (or in an equivalent advisory capacity to) the issuer. Red Cloud Securities Inc. is compensated by the issuer to provide liquidity support and may trade as principal in the issuer’s securities. There are material conflicts of interest with Red Cloud Securities Inc. or the analyst who prepared or participated in the preparation of the research report, and the issuer. A major shareholder of Red Cloud Mining Capital (the parent company of Red Cloud Securities Inc.), serves as a partner, director, officer or employee of (or in an equivalent advisory capacity to) the issuer. Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is determined by revenues generated from various departments including Investment Banking, based on a system that includes the following criteria: reports generated, timeliness, performance of recommendations, knowledge of industry, quality of research and client feedback. Analysts are not directly compensated for specific Investment Banking transactions. Dissemination Red Cloud Securities Inc. distributes its research products simultaneously, via email, to its authorized client base. All research is then available on www.redcloudsecurities.com via login and password. Analyst Certification Any Red Cloud Securities Inc. research analyst named on this report hereby certifies that the recommendations and/or opinions expressed herein accurately reflect such research analyst’s personal views about the companies and securities that are the subject of this report. In addition, no part of any research analyst’s compensation is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31215"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31215" width="0" height="0"> ( Companies Mentioned: GWM:TSX.V; GAYMF:OTCQB, ) Fri, 15 May 2026 00:00:00 PST Exploration Co. Finds 27.4m High-Grade Gold in Arizona, Analysts Say to Buy https://www.streetwisereports.com/article/2026/05/14/exploration-co-finds-27-4m-high-grade-gold-in-arizona-analysts-say-to-buy.html Source: <a href="https://www.streetwisereports.com/article/2026/05/14/exploration-co-finds-27-4m-high-grade-gold-in-arizona-analysts-say-to-buy.html?utm_medium=feed">Streetwise Reports 05/15/2026</a> Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) intersected 1.91 gpt gold and 79.07 gpt silver over 18.2m, strengthening Tombstone growth potential.<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> announced the <a href="https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/aztec-drilling-expands-oxide-gold-silver-zone-step-outs-at-tombstone-intersectin-1166831" target="_blank" rel="noopener">results from five drill holes</a> on May 14, 2026. The reverse circulation (RC) drilling program is based in the company's Tombstone property in Southeastern Arizona. Step-out drilling expanding to the west and north Contention target area has discovered additional accessible oxide gold-silver intersections, and the company's 2025-2026 drilling program has now completed 70 RC and 8 core drill holes. <a href="https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/aztec-drilling-expands-oxide-gold-silver-zone-step-outs-at-tombstone-intersectin-1166831" target="_blank" rel="noopener">Highlights for the Contention target include</a>: <ul> <li>Hole TR26-17 encountered multiple zones of oxide mineralization in the lower Bisbee sediments including 121.9 m averaging 0.29 gpt Au (gold) and 11.3 gpt Ag (0.5 gpt AuEq (gold equivalent)) from 82.3 m, including 12.2 m averaging 1.02 gpt Au and 14.54 gpt Ag (1.28 gpt AuEq), it TD'd in mineralization. TR26-17 demonstrated the continuity of mineralization in the northern end of the Contention target and expanded the potential to depth</li> </ul> <ul> <li>Hole TR26-18 was drilled as a high angle fan to TR25-26 and found oxidized Au-Ag mineralization over most of its length. From surface to 53.2 m intercepted 0.77 gpt Au and 31.94 gpt Ag (1.36 gpt AuEq), including 18.2 m of 1.91 gpt Au and 79.07 gpt Ag (3.35 gpt AuEq). Subsequent intercepts were at 79.0 m depth a length of 21.3 m of 0.13 gpt Au and 4.41 gpt Ag (0.21 gpt AuEq), and at 111.0 m depth an intercept of 53.2 m length of 0.08 gpt Au and 6.25 gpt Ag (0.2 gpt AuEq).</li> </ul> <ul> <li>Hole TR26-19 crossed multiple zones of oxide mineralization, including 66.9 m averaging 1.05 gpt Au and 23.21 gpt Ag (1.47 gpt AuEq) 13.7 m from surface, including 27.4 m averaging 2.31 gpt Au and 43.23 gpt Ag (3.10 gpt AuEq), it TD'd in mineralization. TR26-19 was a fan to TR25-16 and has demonstrated the continuity.</li> </ul> <a href="https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/aztec-drilling-expands-oxide-gold-silver-zone-step-outs-at-tombstone-intersectin-1166831" target="_blank" rel="noopener">As for the core drilling campaign, highlights include</a>: <ul> <li>Drill hole TC25-01 targeted the southern AMT target by drilling from west to easterly across the Contention system and reached 373.4m. It was stopped due to difficult ground conditions in fractured and faulted Bisbee Formation rock after a 182.9m pre-collar was completed. No significant zones of mineralization were encountered in this hole.</li> <li>Drill hole TC25-02 targeted the southern AMT target from west to southeasterly across the Contention system and reached 348.4m. This drill hole also encountered difficult drilling conditions in the fractured and faulted Bisbee Formation after the 273.6m RC pre-collar and no significant mineralization was found by the core drilling.</li> <li>Drill hole TC25-03 targeted the historic T-8 CRD intercept in the northern portion of the Project. A high angle drill hole first had pre-collar of 182.9m that intercepted two zones of oxide mineralization and penetrated a historic mine working within 0.5m - 1.0m of estimated depth. The drill hole reached a depth 690.9m, and it was in the stable Paleozoic carbonates from 228.6m depth onwards. Oxidation stopped by 320.1m. Three moderate to minor intensity zones of CRD mineralization were found at 382.6-388.7m, 411.6-416.1m, and 545.7-551.8m. This later depth is equivalent to that of the T-8 CRD mineralization. This entire zone is associated with notable argillic and occasional silicic alterations to 594.5m depth. It is considered that significant CRD mineralization should be nearby due the strong presence of argillic alteration. Final geochemical analytical results for this drill hole are pending.</li> <li>Drill hole TC25-04 targeted the southern NSAMT target by drilling from above at a high angle after a 91.4m pre-collar was made in the Lower Bisbee Formation sediments. While the drilling was difficult, steady advances were made and the drill hole reached a depth of 831.5m before being lost to caving. The NSAMT target was estimated prior to drilling to start at 503.0m depth while the potential NSAMT anomaly retrograde skarn zone was found lower in depth 579.3m. TC25-04 encountered mild to moderate strength retrograde exoskarns in the hornfels of the lower Cretaceous basal Bisbee siliciclastic sediments at 579.3 m depth and it continued for the rest of the drillhole. The skarns are typified by epidote and chlorite with associated hematite staining. The skarns are accompanied by several silicified hydrothermal breccia dikes with occasional Qfp clasts and with evidence of potential "B-type" porphyry veinlets over that thickness. The hydrothermal breccia (Hbx) dikes with occasional Qfp clasts within them were intercepted from 354.3m to 728.7m. It was notable that the oxidation was considerably deeper than found elsewhere in the Project. Sulfides start to appear at 643m and oxides end at 838.4m. The contact with underlying Paleozoic carbonates is also considerably deeper compared to the north CRD target area, finding the Naco Limestone at 778.9m. It is interpreted that the retrograde skarns and Hbx dikes are the origin of the AMT anomaly but there should be a source porphyry intrusive not too far away, perhaps <500m. Final geochemical analytical results for this drill hole are pending.</li> <li>Drillhole TC26-01 targeted the western, downdip extension of the Contention/Grand Central system but was stopped due to difficult ground conditions for drilling and the drill moved to next pre-collar just being finished. The drillhole had a depth of 53.6m with only minor mineralization.</li> <li>Drillhole TC26-02 targeted the southern NSAMT target by drilling towards the east for a depth of 861.7m. The ground rock was the Lower Bisbee Formation until 705.8m when the Paleozoic carbonates were intersected. As the contact is at about 200 meters higher than in TC25-04, the interpretation is that this reflects the Contention fault system dropping its eastern side. The NSAMT anomaly targeted is probably a response to the retrograde skarn found starting at 332.2m depth. Traces of galena were found at 771.3m, as well as a Hbx dike at 414.6m, noting that the oxidation ended at 478.6m. It is interpreted that the retrograde skarns and Hbx dikes are the origin of the AMT anomaly but there could be a source porphyry intrusive in close proximity, perhaps <500m. Final geochemical analytical results for this drill hole are pending.</li> <li>Drillhole TC26-03 was drilled on the western side of the central portion of the Contention pit towards the east. It was a designed as a metallurgical sample hole in the Lower Bisbee Formation and stopped at 176.6m due to adverse ground conditions before reaching the target Qfp dike. One mineralized Qfp/Hbx dike was transversed at 86.9-97.6m while much of the drillhole had argillic alteration, strong Fe oxides and the presence of quartz veinlets, which are positive indications of potential precious metal mineralization. Final geochemical analytical results for this drill hole are pending.</li> <li>Drillhole TC26-04 was drilled on the far west side of the central portion of the known Contention system. It was designed as a fan to TR25-09 to demonstrate the western, down-dip extension of the Contention system at depth. Final geochemical analytical results for this drill hole are pending.</li> <li>Drillhole TC26-05 is currently targeting the historic T-8 CRD intercept in the northern portion of the Project following positive indications in a bore hole EM survey recently completed of TC25-03. The easterly, steep angle drill hole first had a pre-collar of 182.9m that intercepted oxide mineralization in the Lower Bisbee Formation. The drill hole reached a depth 650m, and it was in the stable Paleozoic carbonates from 259.1m depth onwards. Oxidation stopped by 243.9m. Two moderate to minor intensity zones of CRD mineralization were found at 361.8-365.9m and 383.1-384.8m. This depth is equivalent to that of the TC25-03 CRD mineralization and higher than that of the T-8 CRD mineralization. This entire zone is associated with notable argillic and occasional silicic alterations to 594.5m depth.</li> </ul> CEO of Aztec, Simon Dyakowski, said in the release: "The results from TR26-15 through TR26-19 are another step in what we believe is a significant expansion of the Tombstone project. These multiple thick, near-surface high-grade intercepts continue to extend the Contention zone to the west and to depth, with several holes ending in mineralization. What was historically considered as a modest open pit appears to be the upper portion of a much larger oxide gold-silver system that remains open in multiple directions. With nine RC holes pending and our first-pass drilling underway across the Westside, Hard-up and Southwest targets - including the Ingersoll and Independence areas more than a kilometer from the historic pit - each new round of results adds to the case that the project's ultimate scale will look very different from the historic footprint." Aztec Minerals Corp. is an exploration company focused on projects in Sonora, Mexico, and Arizona, U.S.A. The Tombstone Project is located in Southeastern Arizona, and Aztec holds an 85% interest in the joint venture. <h2 style="text-align: center;">Gold Still a Safe Haven</h2> As traditional safe-haven assets, the metals sectors have been holding steady against inflation uncertainty during the U.S.-Iran War. While rising prices have slowed, gold has performed well over the past year. <a href="https://finance.yahoo.com/personal-finance/personal-loans/" target="_blank" rel="noopener">Yahoo Finance reported gold prices</a> over the past year on May 14, 2026: "One week ago: -0.2%. One month ago: -1.5%. One year ago: +45.3%. Gold’s year-over-year growth was 95.6% on Jan. 29." <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-thursday-may-14-gold-holds-silver-stays-strong-104613262.html" target="_blank" rel="noopener">June gold futures</a> opened at US$4,696.80 per troy ounce on Thursday, down 0.2% from Wednesday’s close. The price of gold moved slightly higher this morning, trading at US$4,702.90 as of 6:25 a.m. ET. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Analysts Seeing Strong Upside</h2> 1On April 27, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/04/24/arizona-gold-silver-explorer-with-better-than-expected-drill-results-technical-analyst-issues-buy-alert.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave the company a 'Strong Speculative Buy' rating</a>, with a short term price target of US$0.33 and a long-term price target of US$0.50. Thomson said that, "Volume is bullish, rising on rallies in the price, and fading on dips. MACD histograms are rising, and Stochastics is flashing a buy signal in the oversold zone."[OWNERSHIP_CHART-9156] And on May 14, 2026, after Aztec's latest results release,<a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/aztec-minerals-onyx-gold-prince-silver-the-p-in-paydirt/" target="_blank" rel="noopener"> Jeff Valks, senior analyst at The Gold Advisor, gave the stock a 'Buy' rating</a>. Valks said, "Aztec has oxide gold-silver expansion, Arizona jurisdiction, pending assays, and deeper core targets still in play. The next few holes should tell us how much bigger Tombstone wants to get." <h2 style="text-align: center;">Upcoming Plans</h2> In Q2 2026, Aztec will begin planning for a 2026 exploration program for its Cervantes project in Mexico, according to <a href="https://aztecminerals.com/_resources/presentations/corporate-presentation.pdf?v=0.40" target="_blank" rel="noopener">the company's investor presentation</a>. <h2 style="text-align: center;">Ownership & Share Information2</h2> Aztec Minerals Corp. has a market cap of CA$49.10 million, with 188.84 million shares outstanding. The company's 52-week range is CA$0.17-CA$0.44. Management & Insiders own 52% of shares. The remaining 48% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> Important Disclosures:<ol> <li>Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol start="1" type="1"> <li>For the quoted article (published on April 27, 2026), Aztec Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31211"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31211" width="0" height="0"> ( Companies Mentioned: AZT:TSX.V; AZZTF:OTCQB, ) Fri, 15 May 2026 00:00:00 PST Junior Miner Starts High-Impact Airborne Survey in Ontario https://www.streetwisereports.com/article/2026/05/14/junior-miner-starts-high-impact-airborne-survey-in-ontario.html Source: <a href="https://www.streetwisereports.com/article/2026/05/14/junior-miner-starts-high-impact-airborne-survey-in-ontario.html?utm_medium=feed">Streetwise Reports 05/14/2026</a> VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB) kicks off a large VTEM+ airborne survey to advance its copper-nickel-PGM Empire strategy and farm-out property transaction in OntarioOn May 14, 2026, <a href="https://www.streetwisereports.com/pub/co/9362?utm_medium=feed" target="_blank" rel="noopener">VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB)</a> announced <a href="https://www.stockwatch.com/News/Item/Z-C!VRR-3820466/C/VRR" target="_blank" rel="noopener">two significant milestones</a> for the company's farm-out transaction to Athos Metals Corp. for its Empire and Silverback Cu-NI-PGM projects and district-scale Cu-Ni-PGM exploration strategy in Ontario. The first piece of news is the announcement that a VTEM+ airborne EM and magnetic survey is underway. The second is that VR has received conditional approval from TSXV for the proposed transaction. The survey comprises approximately 1,500 line-kilometers in three separate blocks and will cover the Rambler, Empire, and Mack properties. The company expects that the survey will take three weeks to complete and that data will be available in July. VR hopes that the survey will identify new, coincident EM and magnetic anomalies on the three properties. Follow-up drilling is planned for the second half of 2026 using the results from the VTEM+ airborne survey. Regarding the transaction, the press release stated, "Athos is moving forward to complete a go-public transaction which would result in its shareholders receiving shares of a resulting issuer which are expected to be listed on the TSX Venture Exchange or the Canadian Securities Exchange in the coming months. Pursuant to the terms of the Agreement for the transaction, and following the Go Public Transaction, VR will hold 9.9% of the Resulting Issuer’s issued and outstanding shares, among other considerations paid in respect of the Transaction. VR received conditional acceptance of the proposed transaction from the TSXV in a letter dated April 23, 2026." VR's CEO, Dr. Michael Gunning, commented: We are pleased to see the Empire exploration strategy advancing. We believe in the copper-nickel-PGM-gold potential, and our 9.9% position will preserve the future upside potential of this district-scale project that we initiated two years ago." Gunning continued, saying, "Further, that upside potential is near-term. With the VTEM+ airborne survey now underway, follow-up drilling is anticipated for late summer or fall, based on an ongoing integration of an ever-expanding array of exploration data in order to prioritize targets for the project. I am impressed by the conviction demonstrated by the Athos team so far. We look forward to working with Athos in a similarly committed process over the coming months, towards a successful Go-Public process, and ultimately to drilling anticipated for this summer in the emerging district, including the mineralized intrusion at Westwood shown Photo 1 and located just off the TransCanada highway!" VR Resources is a Canadian junior exploration company registered in British Columbia and focusing on copper, gold, and critical metal projects in Nevada, USA. The company also initiated a copper-nickel-PGM-gold strategy in western Ontario, Canada, in 2024; a strategy which it successfully farmed out in a transaction announced on February 26, 2026, with near-term upside potential via exploration milestones planned for both this spring and summer. The company's <a href="https://www.vrr.ca/corporate/introduction" target="_blank" rel="noopener">introduction page</a> cites VR's goal as being to ". . . leverage its experience and expertise in grassroots exploration towards early-stage discovery in order to capture the steepest part of the value creation curve in the exploration and mining process for its shareholders." <h2 style="text-align: center;">Metals Markets Remaining Crucial</h2> Ongoing conflict between the U.S. and Iran has rocked the metals market, and Chinese export tariffs aren't making the matter less difficult. Metals prices have skyrocketed over the past year, though fears of inflation have dampened rates recently. "The Strait of Hormuz remains the highest-conviction geopolitical variable for energy and metals traders. The channel is still framed by markets as a supply-risk choke point after more than two months of war involving Iran" reported <a href="https://www.kitco.com/news/article/2026-05-14/gold-firms-near-4700-silver-slips-hormuz-talks-steady-oil-kitco-am-report" target="_blank" rel="noopener">a May 14, 2026, article from Kitco</a>. The article also reported spot gold prices at US$4,700.30 per ounce, which is moderately up from yesterday. Copper prices, on the other hand, are continuing to boom due to industrial demand and the rise of AI data centers. On May 12, 2026, <a href="https://economictimes.indiatimes.com/news/international/us/what-is-really-driving-copper-futures-to-record-highs-copper-prices-just-broke-every-record-as-ai-data-center-boom-fuels-global-supply-crunch/articleshow/131064718.cms?from=mdr">Piyush Shukla of The Economic Times</a> wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton and COMEX copper crosses US$6.50 per pound. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China’s factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a> that while copper and gold have experienced different markets so far in 2026, the magazine believes that they are ". . . now converging around a shared theme: structural tightness meeting macro resistance." The article went on to say, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. World Bank Group argued that, "This baseline outlook hinges on continued supply disruptions in the Middle East, particularly in energy and fertilizer markets, with prices expected to increase by 24% and 31%, respectively, in 2026." <h2 style="text-align: center;">Analyst Calls VR "Catalyst Rich"</h2> In March 2026, Ben Pirie of Atrium Research discussed VR Resources' outlook, writing, "VR is advancing toward a catalyst-rich 2026 program, including follow-up drilling at New Boston and Bonita polymetallic porphyry systems in Nevada. Planned work programs are designed to test high-conviction geophysical anomalies and validate large-scale mineral system models, with multiple opportunities for discovery across jurisdictions with a history and pedigree in the global mining sector." <h2 style="text-align: center;">A Busy 2026 for VR</h2> In 2026, the company lists <a href="https://www.vrr.ca/projects" target="_blank" rel="noopener">multiple catalysts</a>, including: [OWNERSHIP_CHART-9362] <ul> <li>The company recently announced in a news release on May 7, 2026, that drilling is underway on its New Boston polymetallic moly-tungsten-copper-silver porphyry project in Nevada. Permitted drill sites for the program are within a large, coincident IP chargeability, conductivity, potassic alteration and high temperature tungsten geochemical anomaly at Jeep Mine. The goal is to both discover and define the polymetallic grade and value potential of the tungsten-moly-copper-silver veins at Jeep Mine. The planned drill holes will target sheeted and stockwork veins in both sheeted porphyry dykes and in host rock Triassic limestone, and test for a potential discordant porphyry stock at depth. A program of 1,500 m in 2-3 drill holes is planned to compliment the initial first-pass drill holes completed at East Zone in 2024. The program is anticipated to take approximately two months to complete, with geochemical results to follow in the summer.</li> <li>The company recently completed a state-of-the-art 3D array DCIP geophysical survey at Bonita copper-gold project in Nevada. As announced on March 12, 2026, the resultant data are robust: the 3D resistivity model will contain in the order of 187,000 data points, and the IP model approximately 135,500 data points. The goal of the survey is to provide a precise exploration vector for porphyry-style copper-sulfide veining that was intersected in initial reconnaissance drilling at Copper Queen in 2017, for which there is a clear association in anomalous copper-gold geochemistry. Follow-up drilling will be evaluated once all of the final data and model inversions are integrated with the company’s vast array of data collected for the project starting in 2015.</li> <li>VR received conditional acceptance of the proposed farm-out transaction of its Empire copper-nickel-PGM strategy in Ontario from the TSXV in a letter dated April 23, 2026, and will hold 9.9% of the Resulting Issuer’s issued and outstanding shares on close of the transaction. Exploration milestones planned for this spring (airborne geophysics now underway) and summer (drilling) to advance the exploration strategy initiated by VR in 2024 presents near-term value creation potential for the company in the second half of 2026. </li> </ul> <h2 style="text-align: center;">Ownership & Share Information1</h2> VR Resources Ltd. has a market cap of CA$12 million, with 39.76 million shares outstanding. The company's 52-week range is CA$0.15-CA$0.45. Currently, the company reports approximately 1% of shares are owned by Management and Insiders post-consolidation, while around 25% are held by Institutions. The remaining 74% are held by Retail. Ownership details will be subject to change in light of recent share consolidation. <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>VR Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of VR Resources Ltd.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31209"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31209" width="0" height="0"> ( Companies Mentioned: VRR:TSX; VRRCF:OTCQB; 5VR:FWB, ) Thu, 14 May 2026 00:00:00 PST Co. With Breakthrough BC Gold Project Reports to Shareholders https://www.streetwisereports.com/article/2026/05/14/co-with-breakthrough-bc-gold-project-reports-to-shareholders.html Source: <a href="https://www.streetwisereports.com/article/2026/05/14/co-with-breakthrough-bc-gold-project-reports-to-shareholders.html?utm_medium=feed">Streetwise Reports 05/14/2026</a> Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) files its report to shareholders, financial statements, and management's discussion and analysis. Find out what's in store for its massive BC project this year.<a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT)</a> has filed its report to shareholders, Interim Financial Statements, and Management's Discussion and Analysis for the first quarter ending March 31, <a href="https://www.seabridgegold.com/press-release/seabridge-gold-files-first-quarter-report-to-shareholders-financial-statements-and-md-a" target="_blank" rel="noopener">a May 13 release reported</a>. These documents are now accessible on the <a href="https://www.sedarplus.ca/home/" target="_blank" rel="noopener">SEDAR+ platform</a> and can also be viewed on <a href="https://www.seabridgegold.com/investors/financial-reports" target="_blank" rel="noopener">Seabridge's website</a>. In recent updates, the Seabridge board has outlined the corporate objectives for 2026. At the top of the list is finding a partner for the vast KSM project after updating mineral resources to reflect metal prices used by leading Tier 1 mining companies. Furthermore, a maiden mineral resource has been declared for the Snip North deposit, a meeting has been scheduled to approve the spin-out of the Courageous Lake project, and there has been an update concerning the legal status of the Mitchell Treaty Tunnels. "We continue to make material progress on a partnership at KSM with our preferred partner who is now participating with our technical team to advance the feasibility program and early works construction planning while we formalize our partnership agreement," the company noted in its report to shareholders. From a financial perspective, Seabridge experienced a shift in the first quarter of 2026, posting a net loss of CA$6.6 million (CA$0.06 per share), a reversal from the net profit of CA$10.6 million (CA$0.11 per share) recorded in the same period of 2025. This loss was primarily due to non-cash revaluation movements on the company's secured notes and an increase in corporate and administrative expenses, although this was partially mitigated by a non-cash revaluation gain on the company's investment in Paramount Gold. During the quarter, Seabridge said it invested CA$22.3 million in mineral interests, property, and equipment, marking an increase from the CA$14.3 million invested in the first quarter of 2025. This rise in investment was due to heightened activity at the KSM Project. Seabridge's working capital also significantly improved, with a CA$21.5 million increase to CA$131.3 million as of March 31, 2026, up from CA$109.8 million at the end of 2025. This improvement was supported by the successful raising of CA$35.8 million, net of fees, through the company's ATM program. <h2 style="text-align: center;">Big Year for KSM</h2> Seabridge has outlined an ambitious agenda for 2026 to progress its KSM Project, with a series of significant activities planned, according to the Management's Discussion and Analysis released Thursday. The company intends to kick off a feasibility study (FS) aimed at advancing technical workstreams, engineering designs, and cost estimates, with the goal of completing this study in 2027. This feasibility study will encompass the most extensive geotechnical program ever undertaken at the site, which includes drilling programs in the Treaty and Mitchell valleys, at the tailings management facility, and within the west borrow pit. The program is set to complete 125 drill holes and 175 test pits, some of which will not only provide crucial geotechnical data but will also be used for additional metallurgical test work, the company said. "The company continues its pursuit of a joint venture agreement on the KSM Project with a senior mining company partner that has the technical, financial and social capabilities to support development of the project," the analysis noted. "The KSM Project includes multiple deposits and development scenarios that provide a joint venture partner flexibility in the design of the project." In terms of infrastructure development, significant progress is planned in road construction. The project includes extending up to 13 kilometers of the Upper Treaty Creek Access Road (UTCAR) to facilitate access to the site of the MTT saddle portal and constructing up to 5.5 kilometers of the Coulter Creek Access Road (CCAR) to improve access to the Mitchell Valley. Additionally, BC Hydro is finalizing work on the Treaty Creek Terminal, a vital component designed to supply power from the Northwest Transmission Line (NTL) for both construction and operational phases of the project. Environmental monitoring and technical studies are also on the agenda, as these are essential for preparing the feasibility study and future permitting applications. Furthermore, Seabridge is pushing forward with the M-245 permit amendment, which is necessary for provincial approval to construct the full length of the MTT. <h2 style="text-align: center;">KSM Named a Provincial Priority Project</h2> Seabridge recently announced a significant milestone for KSM. <a href="https://www.streetwisereports.com/article/2026/05/01/bc-names-massive-ksm-gold-project-as-a-province-priority.html?utm_medium=feed" target="_blank" rel="noopener">The project was designated a provincial priority project</a> by the Province of British Columbia. With this status, the KSM Project will benefit from dedicated provincial permitting coordination and support, expected to streamline and expedite the permitting process. The KSM Project is recognized as one of the largest undeveloped copper and gold projects in the world. It boasts substantial proven and probable reserves, including 7.3 billion pounds of copper and 47.3 million ounces of gold, distributed across 2.29 billion tonnes with a grading of 0.64 grams per tonne (g/t) for gold and 0.14% for copper. This project is not only vast in scale but also stands as a critical long-term source of minerals essential for electrification and the global energy transition. The provincial recognition highlights the project's immense scale and significant long-term economic potential, aligning well with British Columbia's Look West strategy. This strategy is aimed at advancing major projects, enhancing economic security, and promoting the responsible development of the province’s natural resources. "Recognition of KSM as a provincial priority project reflects the quality of the work completed to date and the value KSM represents for British Columbia and Canada," said Seabridge Chair and Chief Executive Officer Rudi Fronk at the time. "Dedicated permitting support will ensure that the significant effort invested by our team, our First Nation partners, local communities and government agencies evolves into a responsible and rewarding development." <h2 style="text-align: center;">Analyst: Valor Gold Spinout on Track</h2> <a href="https://www.streetwisereports.com/article/2026/04/29/how-do-analysts-see-this-gold-developer-with-a-major-golden-triangle-asset.html?utm_medium=feed" target="_blank" rel="noopener">Mike Kozak from Cantor Fitzgerald recently provided an update April 27</a> on Seabridge's decision to separate its Courageous Lake open-pit gold project in the Northwest Territories into a new company named Valor Gold. This initiative is on track, with Valor Gold anticipated to start trading on the TSX and OTCQB exchanges by early to mid-June. Kozak highlighted that Seabridge plans to issue one Valor Gold share for every 1.952 shares its current shareholders own. This distribution is contingent upon the approval of Seabridge shareholders, with a vote scheduled for May 22 and a final order hearing on May 27 to finalize the transaction. Seabridge is committed to financially backing Valor Gold by injecting CA$10 million. This funding includes the purchase of 0.7 million shares of Valor at CA$7.29 each, amounting to CA$5.1 million, and securing a 10% gold stream at a fixed price of US$4,000 per ounce for an additional CA$4.9 million. Kozak said he views the spinout as a favorable move for Seabridge, projecting Valor Gold's market capitalization to be around CA$400 million based on the indicative financing price of CA$7.29 per share. He said he believes this strategy will likely deliver immediate value to Seabridge shareholders, estimating a contribution of about CA$2.75 per Seabridge share from the Courageous Lake project, which had previously been overshadowed by Seabridge’s larger KSM project in British Columbia. Kozak continued to recommend buying Seabridge stock with a target price of CA$66 per share, suggesting a potential 119% return. He praised the strategic decision to spin out the Courageous Lake project, emphasizing its expected positive impact on shareholder value. The project, as per the updated 2024 Pre-Feasibility Study (PFS), is now planned as a smaller, less capital-intensive operation with an annual gold output of 201,000 ounces and an All-In Sustaining Cost (AISC) of US$999 per ounce over a 13-year lifespan. The revised plan includes a 7,500 tons per day processing plant with an initial capital cost of US$747 million. The reserve grade has been updated to 2.6 g/t, supporting contained metal of 2.8 Moz, up from 2.2 g/t and 6.5 Moz in an earlier PFS. Measured and Indicated resources stand at 11 Moz of gold, with only 25% included in the PFS mine design. The project's economics forecast a post-tax Net Present Value (NPV) at a 5% discount rate of US$523 million and an Internal Rate of Return (IRR) of 21% at a gold price of US$1,850 per ounce. Additionally, RBC Capital Markets, through Analyst Josh Wolfson, has rated the stock as Outperform with a price target of US$71 per share, and B. Riley Securities Analyst Nick Giles has given Seabridge a Buy rating with a target of CA$65, forecasting a 44% return at the time of his analysis. <h2 style="text-align: center;">The Catalyst: Gold Markets Watching Summit, War Closely</h2> On Thursday, gold prices remained relatively stable as market participants closely monitored a significant summit between U.S. and Chinese leaders, unfolding amidst the ongoing conflict in Iran, <a href="https://www.investing.com/news/commodities-news/gold-steady-ahead-of-trumpxi-talks-oildriven-inflation-concerns-weigh-4687029" target="_blank" rel="noopener">reported Scott Kanowsky for Investing.com on May 14</a>. As of 09:26 a.m. ET, the price of spot gold had edged up by 0.1% to US$4,695.08 an ounce, while gold futures had dipped slightly by 0.1% to US$4,701.05 an ounce. During the two-day summit, U.S. President Donald Trump and his Chinese counterpart Xi Jinping concluded their initial round of discussions. Xi reported to state media that there was forward movement in trade discussions. However, he also noted that U.S. objections concerning Taiwan could potentially strain bilateral relations. The financial markets were particularly attentive to any updates regarding the Iran conflict. Analysts speculate that Trump might encourage China, a significant consumer of Iranian oil, to ensure a durable peace agreement, though it is unclear if China is willing to assume such a responsibility.[OWNERSHIP_CHART-700] As these high-level talks and meetings with leading business figures take place in China, the global economic outlook remains uncertain, Kanowsky wrote. This uncertainty is exacerbated by the ongoing closure of the Strait of Hormuz, a crucial maritime passage near Iran that facilitates approximately a fifth of the world's oil supply. But experts have made several bullish predictions about the future of gold prices, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-outlook-will-6000-happen-this-year-150000453.html" target="_blank" rel="noopener">Kat Tretina wrote for Yahoo! Finance on May 11</a>. JPMorgan forecasts that gold could reach US$6,300 per ounce this year, driven by increased central bank purchases and ongoing global tensions. Additionally, with growing economic concerns, more retail investors are expected to turn towards physical gold investments like bullion, coins, and bars. Despite traditionally being a stable asset, gold prices have shown increased volatility recently; for example, in early 2026, gold prices dropped by 14% in just three days, indicating that investors should brace for potentially larger and more rapid price fluctuations in the future. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders hold approximately 2% of the company, while institutions own about 61%. The remainder is held by retail investors. Friedberg Mercantile Group Ltd. holds 15.02%, Pan Atlantic Bank and Trust holds 9.92%, Kopernik Global Investors L.L.C. holds 6.81%. and Van Eck Associates Corp. holds 6.65%. There are around 107.37 million shares outstanding, with the company having a market cap of CA$4.9 billion and trading within a 52-week range of CA$15.56 to CA$54.29. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31207"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31207" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE.MKT, ) Thu, 14 May 2026 00:00:00 PST Liberian Gold Explorer with Near-Surface High-Grade Gold Announces Assay Results https://www.streetwisereports.com/article/2026/05/20/bullish-charts-for-liberian-gold-explorer-with-near-surface-high-grade-gold.html Source: <a href="https://www.streetwisereports.com/article/2026/05/20/bullish-charts-for-liberian-gold-explorer-with-near-surface-high-grade-gold.html?utm_medium=feed">Stewart Thomson 05/20/2026</a> Technical Analyst Stewart Thomson reviews Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) after it reported initial assay results from the first-ever diamond drilling program at the Ben Ben target within Todi.<a href="https://www.streetwisereports.com/pub/co/10927?utm_medium=feed" target="_blank" rel="noopener">Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB)</a> is exploring its flagship Todi gold project in Liberia, an underexplored, stable, mining-friendly jurisdiction hosting large gold and iron deposits. Strategically positioned on the Todi shear zone, the company is developing a district-scale opportunity within its 2,316-square-kilometer land package. After announcing a US Market (OTCQB) listing in late March, in early May, Zodiac announced a high-resolution drone magnetic and lidar survey over the 16-kilometer Arthington-Ben Ben-Youth camp trend, and now it reports initial assay results from the first-ever diamond drilling program at the Ben Ben target. Early results appear to highlight significant potential for the project. Key drilling intercepts <ul> <li>BDD005: 14.85m at 1.55 g/t Au from 51.4m, including 0.8m at 13.15 g/t Au, 0.93m at 5.82 g/t Au and 1.05m at 2.22 g/t Au</li> <li>BDD009: 17.65m at 0.81 g/t Au from 33m, including 1m at 5.67 g/t Au, 0.65m at 2.74 g/t Au, 1m at 1.33 g/t Au and 1m at 1.15 g/t Au</li> <li>BDD004: 11.45m at 0.96 g/t Au from 10m, including 0.55m at 3.2 g/t Au</li> <li>BDD006: 7.37m at 1.95 g/t Au from 23.4m, including 2.37m at 3.24 g/t Au and 2m at 2.81 g/t Au</li> <li>BDD002: 2.04m at 5.69 g/t Au from 43.96m, including 0.79m at 13.95 g/t Au</li> </ul> The company said targeting based on trenching and geochemical sampling has generated strong drill intersections and, along with the ongoing geophysical survey, will support additional drill targeting during the remainder of the 2026 program. A third drill rig is planned for Phase 2. President and CEO David Kol stated that the results validate the company's geological model, noting that drilling intersected consistent gold mineralization over a one-kilometer strike length in a previously untested target area. He added that Ben Ben shares the same host rocks, structural controls, and mineralization style as the nearby Arthington discovery, supporting the interpretation of a district-scale gold system along the 16-kilometer gold-in-soil anomaly. <h2 style="text-align: center;">16km Arthington to Youth Camp Trend Map</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652060930_1.jpg" alt="" width="1000" height="741" /> View an enhanced version of this graphic <a href="https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_001full.jpg" target="_blank" rel="noopener">here</a>. <h2 style="text-align: center;">Ben Ben Drill Hole and Trench Results Map</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652060951_2.jpg" alt="" width="1000" height="708" /> View an enhanced version of this graphic <a href="https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_002full.jpg" target="_blank" rel="noopener">here</a>. The results confirmed near-surface, shallow-dipping gold mineralization with high-grade intervals across a one-kilometer strike length. <h2 style="text-align: center;">Southeast Cross Section For Drill Holes BDD004, BDD009, and BDD015</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061020_3.png" alt="" width="780" height="605" /> View an enhanced version of this graphic <a href="https://images.newsfilecorp.com/files/7932/297260_6568c7f154e94979_003full.jpg" target="_blank" rel="noopener">here</a>. <h2 style="text-align: center;">Ben Ben Target</h2> <h3 style="text-align: center;">Part of a District-Scale Gold System?</h3> Zodiac Gold believes the Todi Shear Zone may host a district-scale gold system. The nearby Arthington discovery previously intersected gold in 37 of 39 drill holes. Table 1: Ben Ben Target Drill Collar Data <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652075322_0.png" alt="" width="535" height="208" /> The company has drilled 2,551 meters in the first 14 holes at Ben Ben, intersecting gold mineralization in all nine holes for which assays have been received. Mineralization begins as shallow as 10 meters downhole, which the company said supports potential open-pit development. Assays for holes BDD010 to BDD014 remain pending, while BDD015 and BDD016 are currently being drilled. Following completion of approximately 3,000 to 3,500 meters, the company plans to determine the next drill targets within the broader 14,000-meter 2026 drilling campaign. Table 2 (part 1): Ben Ben Target Drilling - Significant Intersections <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652075341_2.png" alt="" width="537" height="445" /> Table 2 (part 2): Ben Ben Target Drilling - Significant Intersections <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652075413_3.png" alt="" width="535" height="367" /> <h2 style="text-align: center;">Looking Ahead: A High-Resolution Drone Survey</h2> This survey will identify the geophysical signature of the Arthington discovery to locate similar zones across the broader trend, accelerating resource growth. By integrating high-resolution magnetics with lidar, Zodiac Gold will map structural controls — including shears, faults, and lithological contacts — while generating a digital terrain model to support targeting and, importantly, mineral resource estimation. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061246_7.png" alt="" width="624" height="331" /> Axis Drone Surveys' 47.8-km² survey (northeast-southwest lines at 50m spacing) with interpretation by Southern Geoscience Consultants will boost the precision of the 14,000m program, supporting the planned Q4 mineral resource estimate. <h2 style="text-align: center;">Commencement of Trading on OTCQB</h2> On March 30, the company announced it had commenced trading on the U.S. OTCQB Venture Market under the ticker symbol ZAUIF, enhancing visibility and liquidity for U.S. investors while continuing to trade on the TSX Venture Exchange under ZAU. <h2 style="text-align: center;">Project Risks</h2> <ul> <li>Exploration & Grade Uncertainty</li> <li>Technical & Modeling Delays</li> </ul> <h2 style="text-align: center;">Market & Jurisdictional Risks</h2> <ul> <li>Liquidity & Dilution</li> <li>Operational Logistics</li> </ul> <h2 style="text-align: center;">Shares Outstanding</h2> 162.03 million <h2 style="text-align: center;">Significant Shareholders</h2> <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061414_8.png" alt="" width="387" height="400" /> <figcaption>Source: simplywall.st</figcaption> </figure> <h2 style="text-align: center;"> Significant Insider Transactions</h2> <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061443_9.png" alt="" width="624" height="356" /> <figcaption>Source: simplywall.st</figcaption> </figure> <h2 style="text-align: center;">Technical Observations & Analysis</h2> Figure 1: Zodiac Gold & Gold Bullion Comparison Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061511_10.png" alt="" width="624" height="469" /> Analysis: <ul> <li>Gold stock investors buy gold stocks to outperform gold.</li> <li>Zodiac is significantly outperforming gold on its rallies.</li> </ul> Figure 2: Zodiac Gold Money Flow Indicators Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061533_11.png" alt="" width="624" height="565" /> Analysis: <ul> <li>ADL (accumulation/distribution line) is in a powerful uptrend, suggesting higher prices ahead.</li> <li>OBV (on balance volume) is confirming the ADL action.</li> </ul> Figure 3: Zodiac Gold Price & Volume Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061556_12.png" alt="" width="624" height="469" /> Analysis: <ul> <li>A large inverse H&S (head and shoulders) pattern is in play, and a rally from the right shoulder low towards the neckline appears to be underway.</li> <li>Volume has surged with a rally in the price.</li> <li>H&S target price is CA$0.75</li> </ul> Figure 4: Zodiac Gold Momentum Oscillators Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652061619_13.png" alt="" width="624" height="565" /> Analysis: <ul> <li>RSI is pushing above the 50 zone, where momentum-oriented rallies tend to occur in stocks.</li> <li>Stochastics (14,7,7 series) is flashing a buy signal in the oversold zone.</li> <li>MACD histograms are surging and poised to cross over the zero mark, confirming the potential for a powerful rally in the stock.</li> </ul> Stock Price at Time of Writing (May 19, 2026): Approx. CA$0.36 Short-Term Technical Price Target: CA$0.45 Medium-Term Technical Price Target: CA$0.75 Long-Term Technical Price Target: CA$1.00 Technical Rating: Speculative Buy <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>Zodiac Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li> <div class="x_elementToProof">For this article, Zodiac Gold Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zodiac Gold Inc. </li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> <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 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=31206"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31206" width="0" height="0"> ( Companies Mentioned: ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB, ) Wed, 20 May 2026 00:00:00 PST Copper Zone Continues Growing as 200th Drill Hole Confirms Expanding Strike Length https://www.streetwisereports.com/article/2026/05/13/copper-zone-continues-growing-as-200th-drill-hole-confirms-expanding-strike-length.html Source: <a href="https://www.streetwisereports.com/article/2026/05/13/copper-zone-continues-growing-as-200th-drill-hole-confirms-expanding-strike-length.html?utm_medium=feed">Streetwise Reports 05/13/2026</a> Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) reported additional drill results from its Dumbwa copper deposit in Zambia as the company expanded the mineralized strike to 5.3 kilometres and continued Phase One drilling across the Solwezi Project.<a href="https://www.streetwisereports.com/pub/co/10449?utm_medium=feed" target="_blank" rel="noopener">Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB)</a> reported <a href="https://midnightsunmining.com/2026/midnight-sun-extends-dumbwa-copper-deposit-to-over-5-3-kilometres-remains-open-along-strike-with-drilling-ongoing/" target="_blank" rel="noopener">drill results from its wholly owned Dumbwa copper deposit at the Solwezi Project in Zambia, stating that drilling has now confirmed near-surface copper sulphide mineralization over a continuous strike length of 5.3 kilometers</a>. The company said drilling has surpassed 200 holes totaling more than 42,000 meters, with assay results received for approximately the first 4 kilometers of drilled strike. According to the company, the initial discovery and delineation drill program remains active with four rigs focused on extending the deposit north along strike and expanding previously drilled mineralization east and west. The company also stated that quality control issues related to laboratory analysis had been resolved and that assay backlogs had been substantially alleviated. The company reported drill intercepts including 93 meters grading 0.40% copper in hole DBW-25-099R, 80 meters grading 0.39% copper in hole DBW-25-123, 44 meters grading 0.53% copper in hole DBW-25-036, and 36 meters grading 0.58% copper in hole DBW-25-122. Additional reported intercepts included 17.84 meters grading 0.85% copper in hole DBW-25-149, including 8 meters grading 1.71% copper, and 61 meters grading 0.34% copper in hole DBW-25-147, including 6 meters grading 1.30% copper. "What began as a geological concept has now been established as a significant discovery, with over 5.3km of strike now tested and supported by more than 40,000m of drilling. Our team is rapidly defining what is emerging as an exceptionally large, near-surface, structurally controlled copper sulphide deposit," <a href="https://midnightsunmining.com/2026/midnight-sun-extends-dumbwa-copper-deposit-to-over-5-3-kilometres-remains-open-along-strike-with-drilling-ongoing/" target="_blank" rel="noopener">COO Kevin Bonel stated in the news release.</a> Bonel also stated that the company had established Dumbwa as "a basement-hosted, strain-related deposit, geologically comparable in every way to Barrick Mining Corp.'s (ABX:TSX; B:NYSE) Lumwana." The company said geological logging showed the Dumbwa deposit to consist of stacked series of copper sulphide mineralised biotite and muscovite-biotite schists within basement gneiss sequences. Midnight Sun stated that similarities between Dumbwa and the nearby Lumwana deposit included host rocks, mineralization style, structural controls, and associated kyanite overprints. Midnight Sun stated that the east-west width of the mineralised corridor ranges from 200 meters to greater than 500 meters, while mineralization has been demonstrated from surface to depths between 175 meters and 220 meters, with some deeper holes extending beyond 300 meters. The company also disclosed that it encountered laboratory assay quality control issues in February 2026 at SGS Laboratories in Kalulushi, Zambia. According to Midnight Sun, SGS identified contributing factors including ICP instrument calibration issues, poor-quality argon gas supply, and complications related to a facility relocation. The company stated that SGS has since remedied the issues and that assay results are now meeting Midnight Sun's internal QA/QC standards. Of the 200 holes drilled to date, the company said assay results for 66 holes remain pending. Midnight Sun stated that recent samples have also been dispatched to Intertek Laboratories in Perth, Australia, for assaying. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-11" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-11" data-turn-id-container="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-11" data-testid="conversation-turn-12" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="f513c46b-ff96-4305-ab0d-c3adcdc470f4" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="jnnide" data-start="0" data-end="90" data-is-last-node="" data-is-only-node="">Copper Analysts Pointed to Record Pricing, Supply Constraints, and Rising Demand Drivers</h2> </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> In a May 11 commentary, Barry Dawes of Martin Place Securities wrote that copper had "continued higher with its first ever weekly close above US$6/lb." Dawes stated that "many other metals and resources will perform more strongly than gold" and added that "Copper will be heading much higher from here." He also wrote that copper was "testing" higher pricing levels during a period in which metals markets experienced ongoing corrections and shifting short-term trading patterns. <a href="https://www.tradingkey.com/analysis/commodities/more/261880385-copper-cu-record-high-hormuz-15000-tradingkey" target="_blank" rel="noopener">According to a May 11 report from TradingKey, three-month copper on the London Metal Exchange reached US$13,637 per tonne</a>, marking its highest level since January 29. The report stated that copper had previously posted a closing high of US$13,952 per tonne and briefly traded above US$14,500 per tonne during the same session. TradingKey stated that copper prices had remained firm despite geopolitical tensions and disruptions connected to the Strait of Hormuz. The report stated that Citigroup maintained a near-term copper price target of US$13,000 per tonne and wrote that the copper market had "continue[d] to demonstrate resilience under the pressure of war and ongoing blockades." According to the report, Citi attributed support in the copper market to "the energy transition, growth in AI and military demand, and supply-side constraints." TradingKey also reported that Citi stated, "even a more significant sell-off in risk assets would likely see dip-buying in the copper market support prices above US$12,000 per ton through the second quarter." The report further stated that Citi outlined a separate scenario in which "average copper prices could reach US$15,000 per ton by year-end" if the Strait of Hormuz reopened and restocking demand accelerated. The report additionally stated that copper prices had increased by approximately 10% since late 2025 despite higher oil prices and geopolitical conflict. TradingKey cited structural demand tied to energy transition activity, military consumption, and government inventory accumulation as factors that had offset some downside pressure on copper demand. In a May 11 edition of "What's Chen Buying? What's Chen Selling?", Chen Lin wrote that broader markets had continued moving higher despite geopolitical developments. Referring to copper, Lin stated, "I am calling for copper to break out in 2026 in my presentation." <h2 style="text-align: center;" data-section-id="6hdu7q" data-start="0" data-end="103">Ongoing Drilling Progress, Resource Plans, and Assay Backlog Resolution</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-23" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-23" data-turn-id-container="request-WEB:a6f09716-7b4a-4c49-a975-71d4331b5572-23" data-testid="conversation-turn-20" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="a5a3bfbb-7689-4771-afdc-0f6b8c5efe27" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <a href="https://www.theflyingfrisby.com/p/britain-is-broken-its-stocks-are" target="_blank" rel="noopener">In a March 26 video and article published by Crisis Investing, several market commentators discussed Midnight Sun Mining Corp</a>. and its Dumbwa copper discovery in Zambia following an Experts Roundtable presentation by Adrian O'Brien. Doug Casey stated, "It seems to me there's gonna wind up to be a couple billion tons here and there, and it'll wind up at a half a percent... I'm looking at CA$10 a share, and I'm speaking as somebody who's enthusiastic as a shareholder, but, uh, I see this as a 10 bagger from here." Brien Lundin also commented on the company following the presentation, stating, "I think it's a great opportunity. I agree with Doug. I think it's a multi-bagger from here. I don't know if I'd say 10 bagger, but I wouldn't be surprised by that either… So yeah, I really like it." Byron King stated, "Yes. Hey, this was a really strong presentation. I enjoyed it greatly. I love your geology, I love your photographs, the mineralogy that you got there... You guys have made terrific progress, and I'm totally impressed, and I'm gonna probably buy some shares." In the discussion, Lawrence Roulston described the project as "a great presentation and an exciting project," while Dominic Frisby said he was impressed with the team and their presentation. According to the video and accompanying article, the discussion focused on the scale potential of the Dumbwa copper system, its location within Zambia's domes region, nearby infrastructure, and the company's efforts to build a technical dataset around the project. The article also referenced the company's Kazhiba project, stating that management viewed Dumbwa as the primary focus while Kazhiba could potentially provide an additional source of funding for ongoing advancement activities. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <a href="https://www.streetwisereports.com/article/2026/05/04/are-copper-stocks-poised-for-big-gains-amid-global-grid-crisis.html?utm_medium=feed" target="_blank" rel="noopener">According to a May 4 report from Ron Struthers of Struthers' Resource Stock Report</a>, copper had been in what he described as "a stealth bull market." Struthers wrote that "most investors are unaware of the huge copper shortage that is about to evolve and the resulting high prices." The report listed Midnight Sun Mining Corp. with a recent price of CA$1.22, an entry price of CA$0.27, and an "Opinion - Hold." Struthers referenced a recent update from Haywood Securities and wrote that "MMA has broken through the backlog of assays and could have drill results this week on about 29 holes." He also stated that "there remains a large backlog of holes to assay and release results, with 46 more holes in process at SGS Labs in Zambia." According to the report, "there have been persistent QA/QC issues with the core samples submitted to SGS labs in Zambia, so MMA is transitioning its Dumbwa core for assays to Intertek Testing Services in Perth, Australia." Struthers added that "the company has already worked with Intertek for metallurgical testing at Dumbwa, so MMA is expanding that relationship." The report stated that "drilling with four rigs is proceeding well, having covered 5.3km of strike length at Dumbwa to date, which is mostly mineralized." Struthers also wrote that "MMA drillers have now collared hole #200" and that "in addition to the drilling along the north-south strike, MMA is planning 20 holes to the east of the main trend." Struthers wrote that "MMA expects to finish drilling this summer to define a footprint of ~12km long by 400m wide." He further stated that "MMA's plan is to release an initial resource on the project by 4Q26, based on drilling over ~8km of strike." Referencing Haywood Securities, Struthers wrote that "Haywood believes the resource could be in the range of 700Mt grading 0.4-0.5% Cu to a depth of 175m." The report also stated that "MMA has initiated discussions for the sale of its Kazhiba Main Oxide Copper Deposit." Struthers wrote that Haywood believed "this asset, located within 10km of the Kansanshi SX-EW mill, which currently treats oxide ore from the Kansanshi mine, could be sold for ~CA$60M by mid-year." According to the report, the company had "CA23.5M in cash, with another CA$18M of in-the-money warrants that expire in May 2027." <h2 style="text-align: center;" data-section-id="1079lah" data-start="3391" data-end="3436">Ongoing Drill Expansion and Phase Programs</h2> <a href="https://midnightsunmining.com/presentation/" target="_blank" rel="noopener">Midnight Sun stated that the Dumbwa deposit remains open to the north along the entire extent of the continuous copper-in-soil anomaly,</a> to the east in certain areas, and at depth. The company said drilling is continuing along the planned strike length of 11.2 kilometers as part of the Phase One exploration program. According to the company, the initial broadly spaced shallow drilling has tested approximately one-third of the strike extent targeted in Phase One, with assay results released for the first 4 kilometers. Midnight Sun said the program includes a further 200 planned holes totaling an additional 40,000 meters of drilling, including width extensions on certain previously drilled fences. The company stated that Phase One exploration drilling is planned to test an additional 5.7 kilometers north for a total of 11.2 kilometers of suspected north-south copper mineralised strike. The company also stated that Phase Two exploration is planned to test the northern half of the 20-kilometer copper-in-soil anomaly. [OWNERSHIP_CHART-10449] Midnight Sun said further drilling is planned in the southern portion of the Dumbwa deposit after geological cross-sections indicated some earlier drill fences may have stopped short of fully testing the mineralized width, particularly in the southernmost higher-grade zone. The company stated that these additional holes are intended to test the possible eastward growth of the mineralized envelope. The company also stated that exploration work at Dumbwa, including drilling, is expected to continue on an ongoing basis. <h2 style="text-align: center;">Ownership and Share Structure1</h2> According to Refinitiv, management and insiders own about 5% of Midnight Sun Mining, institutions own 3%, and the rest is retail.  The stock has traded in a 52-week range between CA$0.48 and CA$2.00. The company's market cap was CA$327.3 million on January 29. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div>Important Disclosures:<ol> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Midnight Sun Mining Corp. and Barrick Mining 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=31204"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31204" width="0" height="0"> ( Companies Mentioned: MMA:TSX.V; MDNGF:OTCQB, ) Wed, 13 May 2026 00:00:00 PST Gold Explorer Reports Strong High-Grade Intercepts as Sector Demand Remains Elevated https://www.streetwisereports.com/article/2026/05/14/gold-explorer-reports-strong-high-grade-intercepts-as-sector-demand-remains-elevated.html Source: <a href="https://www.streetwisereports.com/article/2026/05/14/gold-explorer-reports-strong-high-grade-intercepts-as-sector-demand-remains-elevated.html?utm_medium=feed">Streetwise Reports 05/14/2026</a> Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) reported high-grade drill results from the Southwest Deposit at its Clarence Stream project in New Brunswick, including 20.7 g/t gold over 11.0 meters, as updated drilling and resource work continued across the property.<a href="https://www.streetwisereports.com/pub/co/517?utm_medium=feed" target="_blank" rel="noopener">Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB)</a> reported <a href="https://galwaymetalsinc.com/2026/05/galway-metals-reports-high-grade-gold-intercepts-at-southwest-deposit-including-20-7-g-t-gold-over-11-0-meters/" target="_blank" rel="noopener">assay results from seven diamond drill holes at the Southwest Deposit within its 100%-owned Clarence Stream high-grade gold project in New Brunswick, Canada.</a> According to the company, the drilling targeted the northeastern portion of the Southwest Deposit within the GMZ and Adrian Zones. The company stated that the Clarence Stream Gold Project hosts district-scale potential along an approximately 65-kilometer trend of prospective gold showings and anomalies. Galway said the project currently hosts a 2022 Mineral Resource Estimate of 12.4 million tonnes grading 2.3 g/t gold in the Indicated category containing 922,000 ounces of gold, and 16.0 million tonnes grading 2.6 g/t gold in the Inferred category containing 1.334 million ounces of gold. Galway reported that hole CL-249 intersected 20.7 g/t gold over 11.0 meters, including 49.2 g/t gold over 4.0 meters beginning at 126.0 meters. Hole CL-252 intersected 6.0 g/t gold over 8.0 meters, including 18.3 g/t gold over 2.0 meters, while hole CL-251 intersected 7.6 g/t gold over 3.0 meters, including 21.0 g/t gold over 1.0 meter. The company said drill holes CL-249, CL-250, and CL-251 were completed on approximately 25-meter centers and intersected high-grade gold mineralization while also identifying a secondary mineralized zone at greater depth near the interpreted margin of the mineralized trend. Hole CL-252 was drilled on the same section at approximately 50-meter spacing below the other holes and intersected mineralization that demonstrated continuity between shallower high-grade zones and previously reported drilling at depth. <a href="https://galwaymetalsinc.com/2026/05/galway-metals-reports-high-grade-gold-intercepts-at-southwest-deposit-including-20-7-g-t-gold-over-11-0-meters/" target="_blank" rel="noopener">Rob Hinchcliffe, President and CEO of Galway Metals, said,</a> "These results continue to demonstrate the strong continuity of high-grade gold mineralization in the northeastern portion of the Southwest Deposit." He added that, "The robust intercepts returned in this drilling, particularly in hole CL-249, continue to strengthen our understanding of this area of the deposit and provide important information on the structural controls influencing higher-grade mineralization." Galway also reported that drill holes CL-246 and CL-248 were drilled to the southeast to test a conceptual fold limb and/or potential vertically oriented mineralized zone. While the holes did not return significant assay results, the company stated that the drilling information would help refine geological interpretation and future targeting. According to the company, gold-antimony mineralization at Clarence Stream is structurally controlled and associated with quartz veins and quartz stockwork developed within brittle-ductile fault zones hosted in intrusive and metasedimentary rocks. The company stated that mineralization is associated with pyrite, base-metal sulphides, and stibnite, along with anomalous concentrations of bismuth, arsenic, antimony, and tungsten. <h2 style="text-align: center;" data-start="0" data-end="69">Gold Market Trends and Precious Metals Demand Support Sector Activity</h2> According to a May 11 commentary from Barry Dawes of Martin Place Securities, gold prices were testing technical resistance levels following a correction period that had extended more than 14 weeks from the early March highs. Dawes stated that "Gold is testing the downtrend from the early March 2026 highs," while adding that "The major gold stocks are also testing similar downtrends." He noted that "Silver, however, had a good move so it may be suggesting a change," and also stated that "many other metals and resources will perform more strongly than gold." Dawes further highlighted strength in the copper market, writing that "Copper has continued higher with its first ever weekly close above US$6/lb." <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-forecast-and-tracker-where-will-prices-land-in-2026-130000340.html" target="_blank" rel="noopener">Yahoo Personal Finance reported on May 11 that gold prices had risen significantly over the previous year. </a>The publication stated that gold increased from US$3,335 per troy ounce in May 2025 to US$4,732 per troy ounce in May 2026, representing a 41% increase. The report also noted that gold prices climbed from US$2,623 per ounce to US$4,339 per ounce during 2025. According to Yahoo Personal Finance, analysts at JP Morgan and Morningstar projected continued strength in the gold market due to ongoing geopolitical conflicts and economic uncertainty. The report stated that "gold will continue to act as a safe haven asset for both institutional and retail investors" if global conflicts remained unresolved and central banks maintained current interest rate policies. The publication also cited declining US dollar values, tariff concerns, and increased consumer demand as factors influencing the gold market. It stated that "Gold is more accessible to investors than ever, with retailers like Costco and online sellers making gold coins and bars easily available." <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051226.html" target="_blank" rel="noopener">Stewart Thomson wrote on May 12 that a "flag-like rectangular drift is in play" in the gold market and stated that it "favors the bulls."</a> Thomson also wrote that "The price target zone of the pattern is arguably US$8000-US$9000." He discussed several factors affecting the gold market, including interest rates, central bank activity, Asian import duties, and private credit growth. Thomson stated that "Commercial 'QE' (bank loans) is relentless and dwarfs government QE," adding that "Growth of the private money supply is a main driver of the endless downwards spiral of fiat against gold." Thomson also commented on mining equities, stating that "GDX has already given investors two bouts of dramatic outperformance against gold this year," while adding that mining stocks could experience "dramatic outperformance" when purchased at support levels. He further wrote that "The buildout of AI and robots is turning copper into oil 2.0." <a href="https://aheadoftheherd.com/despite-recent-weakness-gold-bull-market-narrative-on-track-richard-mills/" target="_blank" rel="noopener">Richard Mills wrote on May 12 that gold prices had recently weakened as rising US Treasury yields and expectations for higher-for-longer interest rates pressured the sector. </a>He stated that "The bottom line? It looks like the Fed is not going to lower rates in 2026, which will be negative for gold." Mills also cited commentary from FX Street, which stated that "a higher-for-longer US rate stance amid inflationary pressure could undermine the gold price." At the same time, Mills pointed to broader macroeconomic conditions supporting continued interest in gold. He wrote that "gold does well in stagflationary periods and outperforms equities during recessions," while noting that "In six of the last eight recessions, gold outperformed the S&P 500 by 37% on average." Mills also cited World Gold Council data showing that first-quarter gold demand rose 2% year-over-year to 1,231 tonnes, while bar and coin demand of 474 tonnes represented "the second highest quarter on record." According to Mills, central bank buying remained a significant component of the gold market. He stated that "central bank gold reserves surpassed US Treasury reserve holdings" for the first time since 1996 and noted that central banks had collectively purchased more than 1,000 tonnes of gold in each of the last three years. Mills also discussed supply conditions in the mining sector, stating that "global gold demand continues to outstrip mine supply." He wrote that quarterly mine production of 884.7 tonnes in the first quarter of 2026 did not satisfy total quarterly demand without recycling activity, while adding that "The industry is increasingly relying on junior explorers to fill the gap in finding new deposits." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a058f98-01c8-83ea-8c0f-c3543df4137c-3" data-is-intersecting="true"> <div class="relative w-full overflow-visible"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a058f98-01c8-83ea-8c0f-c3543df4137c-3" data-turn-id-container="request-6a058f98-01c8-83ea-8c0f-c3543df4137c-3" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="8c725154-a120-4f23-9a83-1c0208b42d32" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="99">Third-Party Reports Examined Technical Conditions and Valuation Metrics</h2> <a href="https://www.streetwisereports.com/article/2026/01/12/cdnx-venture-index-long-term-technical-outlook.html?utm_medium=feed" target="_blank" rel="noopener">In a January 12 report, John Newell of John Newell & Associates discussed technical conditions within the TSX Venture Index,</a> describing the market structure as "one of the longest and most constructive base structures in its history." Newell stated that the pattern reflected "time, symmetry, and compression," which he said typically preceded "durable secular moves rather than short-lived rallies." Newell wrote that the TSX Venture Index had undergone "a full cycle of liquidation, repair, and reaccumulation" following its 2011-2012 peak and then entered "nearly a decade of broad sideways movement." He characterized that period as one in which "balance sheet repair, dilution absorption, and investor apathy" had become fully priced into the market. Describing more recent technical conditions, Newell stated that "the right-hand side of the structure has tightened materially and now carries the characteristics of a bull pennant, not a topping pattern." He added that "volatility has compressed, ranges have narrowed, and higher lows are evident," which he described as "classic pre-expansion behavior following a prolonged period of pressure." Newell also stated that "the CDNX is approaching the point where resistance no longer behaves in a linear fashion," comparing the market structure to a "sound-barrier analogy" in which pressure builds before a breakout. According to the report, "a sustained move through this area is not just another breakout attempt. It represents a transition from compression to expansion, from balance to imbalance." The report further noted that "long-term momentum indicators are not flashing exhaustion," while "participation has expanded on advances, while pullbacks have remained corrective rather than impulsive," which Newell described as characteristics of accumulation rather than distribution. Newell identified the 1,000-1,050 range on the TSX Venture Index as a key technical level, writing that "sustained trade above this area confirms that the index has transitioned from repair to expansion." He added that "history shows that when the CDNX clears major resistance after extended periods of neglect, advances tend to persist rather than fail." Within that broader market discussion, Newell referenced junior mining companies that had "spent the downcycle quietly rebuilding while investors looked elsewhere." He stated that "as the index transitions from capital starvation to capital reallocation, these names often respond early." Referring specifically to Galway Metals, Newell wrote that the company "combines advanced-stage development with meaningful exploration upside across multiple Canadian jurisdictions." He added that "the chart reveals a repeating pattern of accumulation, breakout, and consolidation," and further stated that "with higher lows firmly established and momentum improving, Galway fits the profile of a junior transitioning from neglect to recognition as confidence returns to the CDNX." He offered a target of US$1.05. <a href="https://www.streetwisereports.com/article/2026/02/18/metals-co-s-dual-project-strategy-positions-it-for-major-re-rating-analyst-says.html?utm_medium=feed" target="_blank" rel="noopener">In a February 18 research report, Red Cloud Securities analyst Ron Stewart initiated coverage of the company with a Buy rating and a 12-month target price of CA$2.20 per share</a>. Stewart stated that the market had materially undervalued the company's two primary assets, the Clarence Stream gold-antimony project and the Estrades gold-base metal project. The report compared the company's valuation metrics against peer averages, stating that the company traded at an enterprise value of US$15.60 per gold-equivalent ounce, compared with a peer group median of US$68 per ounce and an average of US$136 per ounce. Stewart also noted that the company's price-to-net asset value multiple stood at 0.29x, compared with a peer group average of 0.35x. Stewart assigned an estimated value of CA$208 million, or CA$1.62 per share, to the Clarence Stream project, while the Estrades project was assigned a value of CA$68 million, or CA$0.53 per share. According to the report, those figures resulted in a combined corporate net asset value estimate of CA$282 million, equivalent to CA$2.20 per share. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> <h2 style="text-align: center;" data-section-id="ypqpo6" data-start="2998" data-end="3053">Updated Resource Estimate and Ongoing Drill Programs</h2> Galway stated that an updated Mineral Resource Estimate for Clarence Stream is underway. <a href="https://wp-galwaymetalsinc-2023.s3.ca-central-1.amazonaws.com/media/2026/04/GWM-Corporate-Presentation-April-27042026-1.pdf" target="_blank" rel="noopener">According to the company's corporate presentation,</a> the updated estimate is expected to include approximately 342 new drill holes totaling 69,556 meters and is expected by the end of the second quarter of 2026. The company stated that four drill rigs are currently operating across the project. According to the materials, two drill rigs are operating at the South Deposit targeting additional gold mineralization, one rig is drilling the Southwest Deposit, and a fourth rig added in March is focused on new discoveries. The company said drilling programs include infill drilling within existing mineral resource pit shells, extending mineralization outside current pit boundaries, and identifying new zones. Galway also stated that the programs are intended to improve vein zone definition and delineate extensions. [OWNERSHIP_CHART-517] According to the corporate presentation, the current Southwest Deposit resource includes an Indicated resource of 7.8 million tonnes grading 2.02 g/t gold containing 504,000 ounces of gold and an Inferred resource of 11.7 million tonnes grading 2.31 g/t gold containing 869,000 ounces of gold. The company stated that the open-pit resource extends from surface to 310 meters, while underground mineralization extends to 530 meters. Galway's corporate materials also stated that the next resource estimate planned for the second quarter of 2026 is expected to be followed by a scoping study. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Insiders hold 7.31% of Galway, including 6.62% held by CEO Rob Hinchcliffe. Institutional ownership totals 18.52%, led by Van Eck Associates Corp. at 4.45%, Caisse de dépôt et placement du Québec at 3.33%, and Mackenzie Investments at 3.27%. The remainder of the shares are held by retail investors. Galway has 125.76 million shares outstanding and a market capitalization of CA$90.11 million. The company's 52-week trading range is CA$0.32 to CA$1.01 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Galway Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Galway Metals Inc.</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=31203"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31203" width="0" height="0"> ( Companies Mentioned: GWM:TSX.V; GAYMF:OTCQB, ) Thu, 14 May 2026 00:00:00 PST Gold Miner Uncovers Record Production, Massive Gains in Mexico https://www.streetwisereports.com/article/2026/05/13/gold-miner-uncovers-record-production-massive-gains-in-mexico.html Source: <a href="https://www.streetwisereports.com/article/2026/05/13/gold-miner-uncovers-record-production-massive-gains-in-mexico.html?utm_medium=feed">Streetwise Reports 05/14/2026</a> Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) releases unaudited financial results for the first quarter. Find out what catalysts are ahead for the company, according to one analyst.Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) released its unaudited financial results for the first quarter ending March 31, <a href="https://www.streetwisereports.com/cs/ce/edit/na/l?utm_medium=feed" target="_blank" rel="noopener">according to a release on May 12</a>. The company reported a record production of 11,743 ounces of gold and 43,798 ounces of silver. The cash cost per ounce of gold sold was US$1,602, and the all-in sustaining costs (AISC) were US$1,996 per ounce, both figures standing ahead of the full-year guidance range. The average sale price for gold reached US$4,850 per ounce during this period. "In Q1, Heliostar had record gold production, record revenue, record mine operating earnings, and record working capital," Chief Executive Officer Charles Funk said. "We are taking advantage of the strong gold price environment to maximize cash generation from our production assets and using the cash flow to bring Ana Paula toward production. Execution of our strategy is on track as we have continued to build our balance sheet while aggressively drilling across the portfolio. This allows us to grow the business on two fronts — adding to our already substantial resource base and establishing the financial platform to build Ana Paula without equity dilution." During the quarter, Heliostar accelerated the mining restart at San Agustin, which had been operational for just over two months by the end of the quarter, Funk said. This restart is expected to lay the groundwork for further production growth in the second quarter. Additionally, Heliostar completed the acquisition of the Goldstrike project in Utah, a move that aligns with the company's strategy of identifying and capitalizing on accretive acquisition opportunities that are not widely recognized. Funk reaffirmed the company's commitment to a strategy focused on production growth and shareholder interests, with the ultimate corporate goal of becoming a 500,000-ounce-per-year gold producer by the end of the decade. Heliostar experienced robust growth with record mine operating earnings of US$30.9 million and a net income of US$14 million. The quarter also saw significant investments in growth and development, with US$4.6 million allocated to exploration expenses and US$4.8 million used for advancing the Ana Paula project. Additionally, the company reported having US$38.7 million in cash and US$10 million in sales receivables. The receivables were attributed to sales that were delayed at the onset of the war in Iran, a strategic decision made to capitalize on a higher sale price. Heliostar's working capital saw a substantial increase of US$21 million over the quarter, reaching a record high of US$70 million, with the company maintaining a debt-free status. A notable operational achievement in the quarter was the first gold pour from the restarted mining operations at San Agustin in late January, marking a significant step in the company's production expansion, the release said. <h2 style="text-align: center;">Becoming a 500,000-Ounce-Per-Year Producer</h2> <a href="https://www.streetwisereports.com/article/2026/04/24/mining-company-advances-massive-500-000oz-production-target-at-ana-paula.html?utm_medium=feed" target="_blank" rel="noopener">In April, the company released new results</a> from its ongoing drilling program at Ana Paula, including 69.15 meters grading 10.09 grams per tonne (g/t) gold from 93 meters, 43.8 meters grading 13.9 g/t gold from 104.55 meters (including 19.85 meters grading 22.5 g/t), 28.95 meters grading 11.2 g/t from 163.35 meters, and 30.65 meters grading 11.3 g/t from 94.0 meters (including 14.1 meters grading 22.1 g/t). The primary goal of the drilling program is to elevate inferred mineral resources to higher confidence categories, which will not only support the ongoing Feasibility Study but also help identify new exploration targets around the deposit, the company said. "Today's results highlight the unique nature of the High Grade Panel in its ability to consistently return exceptionally high-grade gold over broad intercepts," Funk said at the time. "The infill drill program continues to confirm this style of mineralization in portions of the deposit currently in the inferred category. We are on track to upgrade these zones to include them in the mine plan in the 2027 Feasibility Study for Ana Paula." He continued, "Our aim for this study is to expand the nine-year mine life and ~100,000 ounce per year high-margin production profile shown in our November 2025 Preliminary Economic Study. Bringing the Ana Paula mine online in 2028 will be a major step forward for achieving Heliostar's goal of being a 500,000-ounce-per-year producer by the end of the decade." <h2 style="text-align: center;">Key Catalysts Ahead</h2> Production for the quarter was divided between the La Colorada mine, which produced 6,890 ounces against an expected 5,300 ounces, and the San Agustin mine, which produced 4,830 ounces, lower than the forecasted 7,800 thousand ounces, reported Hannam & Partners Analyst Jonathan Guy in a May 13 research note. The company has kept its annual production guidance steady at 50,000 to 55,000 ounces, with an expected output of 52,500 ounces. Heliostar also highlighted positive drilling results from the High Grade Panel and Extension Zone at the Ana Paula project, which support the potential for a significant increase in overall ounces and an upgrade in resource categories. Looking ahead, Guy said key catalysts for the near term include further exploration results across Heliostar's portfolio, commencement of the Ana Paula decline development in the second half of 2026, integration of the newly acquired Goldstrike project completed in April, and achieving the projected guidance run rate in operations. In light of these developments and the results from the Goldstrike NI 43-101, Guy's target valuation for Heliostar has been adjusted to CA$7.65 per share, up from the previous CA$7.52. The new target valuation would be a 238% upside from the stock's price at the time of writing. The first quarter saw gold production at La Colorada continue from stockpile processing, with plans to commence mining at the Veta Madre pit in the third quarter, the analyst said. San Agustin operations, which saw the first gold pour in January, are expected to ramp up, with significant reserves and ongoing drilling to expand the resource. At Ana Paula, recent drilling results have continued to affirm the high-grade nature of the mineralization, with significant intercepts reported. These results are part of a broader effort to convert inferred resources to measured and indicated categories, aiming to support a feasibility study for an initial mine life of nine years at approximately 100,000 ounces per year. A notable operational milestone was achieved with the first gold pour from the restarted mining operations at San Agustin in late January, added Ron Struthers of Struthers' Resource Stock Report on May 13. This restart contributed to the company's operations for just over two months and is expected to lay the groundwork for further production growth in the second quarter. "The stock is within a wedge pattern, and I expect an upside break out," Struthers wrote. "A higher high above CA$2.75 is what I am watching for next." <h2 style="text-align: center;">'Still Sits as a Buy'</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/dryden-gold-heliostar-metals/" target="_blank" rel="noopener">On May 12, Senior Analyst for The Gold Advisor Jeff Valks noted</a>, "Heliostar Metals opened 2026 with record production, record revenue, record mine operating earnings, record working capital, and no debt. That's a lot of records. Somewhere, a spreadsheet and an accountant are dancing their way over to the coffee machine." He continued, "CEO Charles Funk said Heliostar is using the strong gold price to 'maximize cash generation from our production assets' while moving Ana Paula toward production. That is the key: producing mines are now helping fund the growth pipeline. Ana Paula drilling delivered wide, high-grade hits including: 69 meters of 10.1 g/t gold (and) 101 meters of 5.34 g/t gold." The stock was down on the day of the news, as were metals and the broader markets, but "it still sits as a Buy," he said. "Heliostar is doing the rare junior-sector thing: generating cash, drilling hard, building Ana Paula, and avoiding equity dilution where it can," he wrote. "Add San Agustin's restart, La Colorada cash flow, and the Goldstrike acquisition, and this story now has more engines than it did a quarter ago. I hold a long position; Jeff Clark remains overweight with no plans to take profits despite sitting on a large gain." The company is strategically focusing its efforts on becoming a mid-tier gold producer, leveraging the cash flow generated from its operational mines to invest in a portfolio of higher-margin growth assets, according to Stonegate Capital Partners Analyst Dave Storms in a March 26 research note. Its immediate priorities include optimizing operations at La Colorada and San Agustin, moving the Ana Paula project towards a feasibility study in the first half of 2027 and targeting production by 2028, as well as advancing the development of its broader pipeline, which now includes the Goldstrike project. "When valuing HSTR, we apply an EV/NAV range of 0.4x to 0.6x with a midpoint of 0.5x, which results in a valuation of CA$3.19 to CA$4.69 with a mid-point of CA$3.94," Storms wrote. "When using an EV/Reserves valuation method, we apply a multiple range of 50x to 100x with a midpoint of 75.0x, which results in a valuation of CA$2.37 to CA$4.54 with a mid-point of CA$3.45." <h2 style="text-align: center;">Gold Under Pressure, But Still Expected to Perform</h2> The gold market was under downward pressure on Wednesday due to escalating inflation concerns, following a significant rise in producer prices in April, <a href="https://www.streetwisereports.com/cs/ce/edit/na/ouch-session-lows-producer-inflation-heats?utm_medium=feed" target="_blank" rel="noopener">reported Neils Christensen for Kitco News on May 13</a>. According to the U.S. Labor Department's report released on Wednesday, the headline Producer Price Index (PPI) saw a sharp increase of 1.4% in April, which was a substantial jump from the 0.7% increase observed in March, exceeding expectations. Similar to trends observed in consumer prices, higher producer costs are increasingly becoming entrenched within the broader economy. The Core PPI, which strips out the volatile food and energy prices, rose by 1% last month, also surpassing expectations significantly as forecasts had anticipated a rise of only 0.3%. For the year, core inflation recorded a 4.4% increase, the most substantial 12-month rise since February 2023, when it escalated by 4.5%, Christensen wrote. The PPI is often regarded as a leading indicator of inflation because producers typically pass on higher input costs to consumers. Despite the rising inflation figures, the gold market has not shown significant movement initially, though prices have dipped to session lows. Spot gold was last seen trading at US$4,679.50, down by 0.75% on the day. Analysts indicated that the gold market was likely to face increasing near-term challenges as fears of inflation led markets to anticipate further tightening of monetary policy, the report said.[OWNERSHIP_CHART-10041] Naeem Aslam, CIO of Zaye Capital Markets, said the PPI figures should serve as a hawkish wake-up call for the markets, according to Christensen. He remarked: "Igniting a powerful USD rally across the board, lifting real yields, and slamming gold with fresh selling pressure, while oil stays pinned lower under the weight of the stronger dollar. Markets are aggressively repricing a 'higher for longer' dollar regime right now." But experts have made several bullish predictions about the future of gold prices, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-outlook-will-6000-happen-this-year-150000453.html" target="_blank" rel="noopener">Kat Tretina wrote for Yahoo! Finance on May 11</a>. JPMorgan forecasts that gold could reach US$6,300 per ounce this year, driven by increased central bank purchases and ongoing global tensions. Additionally, with growing economic concerns, more retail investors are expected to turn towards physical gold investments like bullion, coins, and bars. Despite traditionally being a stable asset, gold prices have shown increased volatility recently; for example, in early 2026, gold prices dropped by 14% in just three days, indicating that investors should brace for potentially larger and more rapid price fluctuations in the future. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and Insiders own about 2% of shares, while Strategic Investors own 14%. Institutions hold 23% of shares, and the remaining shares are retail. Heliostar Metals Ltd. has a market cap of CA$630.79 million, with 277.38 million shares outstanding. The company's 52-week range is CA$1.06-CA$3.47. <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 Heliostar Metals 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=31202"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31202" width="0" height="0"> ( Companies Mentioned: HSTR:TSX.V; HSTXF:OTC; RGG1:FRA, ) Thu, 14 May 2026 00:00:00 PST Mining Co. Approved for IP Surveys in British Columbia https://www.streetwisereports.com/article/2026/05/15/mining-co-approved-for-ip-surveys-in-british-columbia.html Source: <a href="https://www.streetwisereports.com/article/2026/05/15/mining-co-approved-for-ip-surveys-in-british-columbia.html?utm_medium=feed">Streetwise Reports 05/15/2026</a> Adamera Minerals Corp. (ADZ:TSX.V) advances South Hedley exploration after identifying large copper-gold anomalies tied to potential porphyry discoveries in B.C.On May 13, 2026, <a href="https://www.streetwisereports.com/pub/co/6736?utm_medium=feed" target="_blank" rel="noopener">Adamera Minerals Corp. (ADZ:TSX.V)</a> announced it had received approval from The B.C. Ministry of Mining and Critical Minerals to conduct IP surveys of its South Hedley Copper-Gold property in British Columbia, Canada. Mark Kolebaba, President and CEO of Adamera Minerals, said in the release: "We have identified two highly prospective targets at South Hedley: Glix and Max. This is a significant development for Adamera. Our initial program was primarily designed to identify gold skarn mineralization similar to the historic Nickel Plate mine, which the Glix prospect represents. However, the Max target introduces an entirely new dimension as a potential copper-gold porphyry. The large 3 km horseshoe-shaped copper soil anomaly at Max exhibits the classic signature of a porphyry system. It amazes me to think that we have identified these targets in southern British Columbia." The South Hedley property is located within the Quesnel terrane, a globally recognized geological belt often referred to as the B.C. copper-gold trough. The Glix prospect is located roughly 15km from the Max prospect, and recent exploration there has yielded soil samples with up to 4 g/t gold. Adamera Minerals Corp. is a Canadian company with a traditional focus on high-grade gold, silver, and copper exploration in B.C. and Washington, U.S. The company is also positioning itself to provide an uninterrupted domestic supply of tungsten to the U.S. market. <h2 style="text-align: center;">Copper-Gold to Remain Crucial</h2> As traditional safe-haven assets, the metals sectors have been holding steady against inflation uncertainty during the U.S.-Iran War. While rising prices have slowed, gold has performed well over the past year. <a href="https://finance.yahoo.com/personal-finance/personal-loans/" target="_blank" rel="noopener">Yahoo Finance reported gold prices</a> over the past year on May 14, 2026: "One week ago: -0.2%. One month ago: -1.5%. One year ago: +45.3%. Gold's year-over-year growth was 95.6% on Jan. 29." <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-thursday-may-14-gold-holds-silver-stays-strong-104613262.html" target="_blank" rel="noopener">June gold futures</a> opened at US$4,696.80 per troy ounce on Thursday, down 0.2% from Wednesday's close. The price of gold moved slightly higher this morning, trading at US$4,702.90 as of 6:25 a.m. ET. Copper prices, on the other hand, are continuing to boom due to industrial demand and the rise of AI data centers. On May 12, 2026, <a href="https://economictimes.indiatimes.com/news/international/us/what-is-really-driving-copper-futures-to-record-highs-copper-prices-just-broke-every-record-as-ai-data-center-boom-fuels-global-supply-crunch/articleshow/131064718.cms?from=mdr" target="_blank" rel="noopener">Piyush Shukla of The Economic Times</a> wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton and COMEX copper crosses US$6.50 per pound. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China's factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a> that while copper and gold have experienced different markets so far in 2026, the magazine believes that they are ". . . now converging around a shared theme: structural tightness meeting macro resistance." The article went on to say, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." [OWNERSHIP_CHART-6736] <h2 style="text-align: center;">Analyst Finds Gold Portfolio Compelling Copper-Gold to Remain Crucial</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/11/high-grade-gold-near-a-mill-roads-and-past-production.html?utm_medium=feed">John Newell of John Newell & Associates focused on Adamera's established reputation as a gold explorer</a> in a February 11, 2026, opinion piece for Streetwise Reports. He wrote: "For investors seeking leverage to a strengthening gold market, Adamera represents a 'Speculative Buy' around CA$0.10, with the understanding that success largely hinges on upcoming drilling programs." He went on to say, "As always, position sizing and risk management matter. But in a rising metal price environment, this is the type of setup that can often surprise to the upside." Newell considers Adamera's Flag Hill South project in the Republic Gold District of Washington as one of the most immediate value drivers the company owns. 2On April 23, 2026, <a href="https://www.streetwisereports.com/article/2026/04/23/washington-tungsten-company-project-expansion-new-stock-price-targets.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson discussed the company's progress</a>, writing, "A breakout from a six-year channel seems imminent and would usher in substantial upside price action." Thomson gave the company a short-term price target of CA$0.28, a medium-term target of CA$0.80, and a long-term target of CA$1.50. <h2 style="text-align: center;">Adamera's 2026 Plans to Release Further Drill Results</h2> <a href="https://adamera.com/projects/overview/">Investors are watching Adamera's projects</a> — Buckhorn 2.0, the Empire Creek Project, Flag Hill (and Flag Hill South), the Talisman historic mine, and the Hedley Copper-Gold Project — to see what will come of drill results in 2026. The company is exploring for a solid domestic source of tungsten. <h2 style="text-align: center;">Ownership & Share Information3</h2> Adamera Minerals Corp. has a market cap of CA$8.13 million and 54.3 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.17. Institutions own 3.29% of shares, while Management & Insiders own 4.61%. The remaining 92.1% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Adamera Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Adamera Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the John Newell article published on February 11, 2026 <ol> <li>For the quoted article (published on February 11, 2026), Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</li> <li>Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> 2. Disclosure for the quote from the Stewart Thomson article published on April 23, 2026 <ol start="1" type="1"> <li>For the quoted article (published on April 23, 2026), Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 3. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31201"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31201" width="0" height="0"> ( Companies Mentioned: ADZ:TSX.V, ) Fri, 15 May 2026 00:00:00 PST Nevada Multi-Metals Explorer Gets Full Funding, Begins 1500m Drill Program https://www.streetwisereports.com/article/2026/05/13/nevada-multi-metals-explorer-gets-full-funding-begins-1500-meter-drill-program.html Source: <a href="https://www.streetwisereports.com/article/2026/05/13/nevada-multi-metals-explorer-gets-full-funding-begins-1500-meter-drill-program.html?utm_medium=feed">Stewart Thomson 05/15/2026</a> Technical Analyst Stewart Thomson reviews VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB), which just closed an over-subscribed private placement to fund drilling for critical metals in Nevada.<a href="https://www.streetwisereports.com/pub/co/9362?utm_medium=feed" target="_blank" rel="noopener">VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB)</a> is an established junior exploration company based in Vancouver. VR evaluates, explores, and advances opportunities in copper, gold, and critical metals in Nevada (New Boston; Bonita) and Ontario. The company has closed an over-subscribed private placement in excess of CA$1 million, in follow-up to a consolidation and CA$3.14 million financing in January to secure funds for geophysics at Bonita and a drill program that is now underway at its moly-tungsten-copper-silver porphyry project at New Boston, <a href="https://www.globenewswire.com/news-release/2026/05/07/3289807/0/en/Drill-Program-is-Underway-at-VR-s-New-Boston-Moly-Tungsten-Copper-Silver-Porphyry-Project-in-Nevada.html" target="_blank" rel="noopener">as announced in the recent news release on May 7</a>. <h2 style="text-align: center;">The New Boston Drilling Program</h2> Plans are for approximately 1,500 meters of drilling in two to three holes to test the new IP and conductivity geophysical anomalies at Jeep Mine. The new drilling will test where IP and conductivity attributes coincide, representing the potential center for both vein intensity and sulfide density within the large-footprint skarn and porphyry system at New Boston. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513121857_1.png" alt="" width="624" height="350" /> The program is anticipated to take approximately two months to complete, with geochemical results to follow in the summer. Figure 1- Molybdenum Price Chart <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513121918_2.png" alt="" width="780" height="478" /> <figcaption>Source: Trading Economics</figcaption> </figure> <h2 style="text-align: center;">New Boston & Highway 95 Logistics Efficiency With Reno</h2> <ol> <li>Whole-core hyperspectral scanning and high-resolution photography will be completed systematically on all drill cores by TerraCore Geospectral Imaging based in nearby Reno, Nevada, in order to document alteration chemistry and mineralogy and characterize vein geometries, and</li> <li>There will be continuous sampling of all drill holes in their entirety for multi-element ICP-MS geochemistry at Paragon Geochemical, also based in Reno.</li> </ol> The goal with this program is straightforward: to complete the first-pass drilling across the large-footprint, skarn, and porphyry system that the company started in 2024 at East Zone. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122000_3.png" alt="" width="624" height="363" /> Before submitting the Jeep Mine drill permit application, VR reviewed its 2023 3-D DCIP survey models with Dias Geophysical at the AME conference in Vancouver in order to refine drill targets for the drill program currently underway at New Boston. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122018_4.png" alt="" width="624" height="361" /> <h2 style="text-align: center;">Drill Program & General Purposes Funding: A CA$1.1m Brokered Private Placement</h2> The company has successfully closed its previously announced (April 17, 2026) upsized private placement of units of the company. A total of 4.68 million units raised aggregate gross proceeds of CA$1.17 million. This was a follow-up initiative to bolster the treasury for drilling further after a successful CA$3.14 million placement closed in January. <h2 style="text-align: center;">Bonita Porphyry Copper-Cold Project Update</h2> In March, VR announced that the 3-D-array DCIP (direct-current induced polarization) geophysical survey is now complete, over the Copper Queen target on VR Resources Ltd.'s Bonita porphyry copper-gold project in Nevada. The 3-D resistivity model will contain about 187,000 data points, and the IP model will contain approximately 135,500 data points. Depth penetration for the 3-D modeling will be approximately 400 meters. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122107_4.png" alt="" width="513" height="400" /> <h2 style="text-align: center;">Key Risks</h2> <ol> <li>Exploration Risk — Drilling may not confirm economic mineralization at New Boston.</li> <li>Financing Risk — Future capital raises could dilute shareholders.</li> <li>Commodity Risk — Weak metal prices or junior mining sentiment could pressure valuation and financing access.</li> </ol> <h2 style="font-weight: 400; text-align: center;">Corporate and Shareholder Structure</h2> <ul> <li style="font-weight: 400;">After a 10:1 consolidation in January and 11 years of active investing in the company, management and directors now own about 1.5 – 2% of the company float.</li> <li style="font-weight: 400;">Management's long-term ownership position demonstrates commitment to a tight G&A administrative structure and burn rate in the company's long-standing exploration and head office in Vancouver.</li> </ul> <h2 style="text-align: center;">Shares Outstanding</h2> <ul> <li>39.79 million</li> </ul> <h2 style="text-align: center;">Technical Observations & Analysis</h2> Figure 2: CDNX Index Daily Chart (Price, Volume, & Oscillator Analysis) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122232_6.png" alt="" width="624" height="662" /> <ol> <li>The CDNX index is bullishly postured on this chart, with oscillators flashing buy signals, and an inverse H&S pattern is in play that targets a move to and above the highs at 1177.</li> <li>The CDNX index components are mainly junior resource stocks. When the index performs well, most component stocks generally do so too. VR Resources trades on the CDNX.</li> </ol> Figure 3: Gold Weekly Chart (Price & Stochastics Analysis) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122259_7.png" alt="" width="624" height="538" /> <ol> <li>The RSI is bullish, holding above the 50 line.</li> <li>Stochastics is on a buy signal.</li> <li>Gold is well-supported; numerous support zones underpin the price.</li> <li>A bull flag pattern may be in play, targeting $8000+ for the price of gold.</li> <li>A strong gold market attracts both institutional money managers and retail investors to junior explorers.</li> </ol> Figure 4: COPX Copper Stocks ETF Daily Chart (Price & Stochastics Analysis) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122320_8.png" alt="" width="624" height="759" /> <ol> <li>The COPX exhibits a sizable inverse H&S pattern that targets a move to record highs.</li> <li>VR Resources' exploration program includes copper.</li> </ol> Figure 5: VR Resources Weekly Chart (Price, Volume, & RSI Oscillator Analysis) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122346_9.png" alt="" width="624" height="469" /> <ol> <li>Bullish wedge action on the price chart was followed by a base pattern and high-volume breakout.</li> <li>RSI is holding above 50; bullish.</li> <li>The wedge and base pattern targets are CA$0.75 and CA$2.30.</li> </ol> Figure 6: VR Resources Weekly Chart (Money Flows Analysis) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026513122406_10.png" alt="" width="624" height="469" /> <ol> <li>OBV (On Balance Volume) has surged to a multi-year high.</li> <li>The CMF (Chaikin Money Flows) indicator is bullishly diverging with the price and is also at multi-year highs.</li> <li>The strength of these indicators opens the door to a target price (long term) of CA$3.40.</li> </ol> Stock Price at Time of Writing (May 13, 2026): Approx. CA$0.30 Short-Term Technical Price Target: CA$0.75 Medium-Term Technical Price Target: CA$2.30 Long-Term Technical Price Target: CA$3.40 Technical Rating: Speculative Buy <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>VR Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>For this article, VR Resources Ltd. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</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 VR Resources Ltd. </li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> <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 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=31200"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31200" width="0" height="0"> ( Companies Mentioned: VRR:TSX; VRRCF:OTCQB; 5VR:FWB, ) Fri, 15 May 2026 00:00:00 PST Rare Earth Co. Delivers High-Growth Q1 Financial Surge https://www.streetwisereports.com/article/2026/05/13/rare-earth-co-delivers-high-growth-q1-financial-surge.html Source: <a href="https://www.streetwisereports.com/article/2026/05/13/rare-earth-co-delivers-high-growth-q1-financial-surge.html?utm_medium=feed">Streetwise Reports 05/12/2026</a> Neo Performance Materials Inc. (NEO:TSX; NOPMF:OTCMKTS) posted soaring Q1 revenue and earnings while raising 2026 EBITDA guidance amid strong demand for critical materials.On May 12, 2026, Neo Performance Materials Inc. (NEO:TSX; NOPMF:OTCMKTS) released its Q1 2026 financial results. All financial statements are available on the company website, but highlights include: <ul> <li>Revenue for Q1 2026 was CA$155.0 million, compared to CA$121.6 million for Q1 2025.</li> <li>Operating income for Q1 2026 was CA$26.6 million, compared to CA$9.6 million for Q1 2025.</li> <li>Adjusted EBITDA for Q1 2026 was CA$36.2 million compared to CA$17.1 million for Q1 2025. This resulted in an adjusted EBITDA margin of 23.4% for the quarter, representing an improvement of 930 basis points over 2025.</li> <li>Adjusted Net Income for Q1 2026 was CA$14.9 million, or CA$0.36 earnings per share, compared to Adjusted Net Income of CA$6.5 million, or CA$0.15 earnings per share, for Q1 2025. Commencing this quarter, Neo is revising the calculation of Adjusted Net Income to better reflect underlying operating performance attributable to Neo shareholders and improve comparability across periods.</li> <li>Operating Cash Flow for the three months ended March 31, 2026, was an outflow of CA$38.3 million in cash from operating activities, driven by higher strategic inventory held, higher costs in inventory due to material pricing, higher receivables due to timing of sales, as well as the settlement of the European patent litigation in January 2026. As of March 31, 2026, Neo had CA$41.7 million in cash and CA$154.3 million in gross debt on its balance sheet.</li> <li>Capital investment for the three months ended March 31, 2026, was CA$5.2 million, with funds used primarily to advance the European Permanent Magnet facility and heavy rare earth production line in Europe.</li> <li>Shareholder return of capital for the three months ended March 31, 2026, consisted of CA$3.3 million in dividends to shareholders.</li> <li>A quarterly dividend of CA$0.10 per common share was declared on May 7, 2026, for shareholders of record on June 19, 2026, with a payment date of June 29, 2026.</li> </ul> Other updates gear toward production and commercial launches, with a state-of-the-art magnet facility moving through its planned ramp-up and achieving operational milestones like the production of its one-millionth magnet in February 2026. The company also commissioned a small-scale heavy rare earth element solvent extraction production line at its Silmet facility in Estonia in April 2026. Rahim Suelman, President & CEO of Neo, said, "Neo delivered exceptional first-quarter results, with Adjusted EBITDA of CA$36 million, more than doubling year‑over‑year, driven by disciplined execution and favorable pricing across our entire critical materials portfolio. We saw both strong demand and strong pricing across all three business units, and all business units improved year over year. Our Rare Metals business, which focuses on critical materials such as hafnium and gallium, contributed meaningfully to earnings growth. We advanced key strategic milestones, including the production of our one-millionth magnet at our European Permanent Magnet facility, and the commissioning of our new small‑scale heavy rare earth separation production line in Silmet, a critical step in our strategy to build the most vertically integrated rare earth magnetics value chain in Europe." Suleman continued: "Given our strong first-quarter performance, healthy demand outlook, and continued favorable pricing environment, we are raising our full-year Adjusted EBITDA guidance to a range of CA$100 million to CA$110 million. As global supply chains increasingly prioritize security and localization of critical materials, and structural growth drivers including AI infrastructure, electrification, automation, and aerospace continue to underpin a supportive demand environment, Neo is well-positioned for the future. Looking ahead, we remain focused on delivering disciplined growth, strong execution, and long-term value for our stakeholders." Neo Performance Materials Inc. is a Canadian company focused on the manufacturing and distribution of industrial materials such as magnetic powders, magnets, specialty chemicals, metals, and alloys. <h2 style="text-align: center;">Manufacturing Industry Continues to Evolve</h2> The company website says that, "Neo's advanced industrial materials are . . . key to some of the world's sought-after and environmentally friendly and sustainable technologies, such as hybrid and electric vehicles, pollution control systems, high-efficiency appliances and pumps, energy-efficient lighting, water purification, and many more." Deloitte Research Center for Energy and Industrials showed the demand for industrial material production, writing: A 2025 <a href="https://www.deloitte.com/us/en/insights/industry/manufacturing-industrial-products/2025-smart-manufacturing-survey.html" target="_blank" rel="noopener">Deloitte survey</a> of 600 manufacturing executives found that the majority (80%) plan to invest 20% or more of their improvement budgets in smart manufacturing initiatives, with a focus on foundational tools and technologies. These include automation hardware, data analytics, sensors, and cloud computing." Demand in the sector is showing no signs of slowing. "Global and U.S. market forecasts suggest solid growth, with U.S. manufacturing output projected to rise by approximately 3.5% annually, according to McKinsey & Company," according to one assessment from LTJ Industrial. It went on to say, "A culture of continuous improvement makes industrial and manufacturing organizations more responsive to shifting market demands and operational challenges." <h2 style="text-align: center;">Experts See Growth Potential</h2> On May 6, 2026, Daniel Harriman of Sidoti & Company LLC gave Neo a price target of CA$24.00, citing the company's 2025 performance as a "genuine inflection point" for the company and arguing that "Neo's financial position supports continued execution." [OWNERSHIP_CHART-11493] On May 12, 2026, J. Marvin Wolff of Paradigm Capital reiterated its 'Buy' rating for the company and raised its price target from CA$31.00 to CA$41.50 due to a "strong demand/pricing environment." Finally, on May 12, 2026, <a href="https://excelsiorprosperity.substack.com/p/spring-fling-rally-in-copper-critical?utm_source=post-email-title&publication_id=2151927&post_id=197330198&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">Shad Marquitz of Excelsior</a> applauded the company's stock, writing, "[Neo] is up 4.34x in just a year, since the March 2025 low of CA$4.97 to the recent May 2026 high of CA$1.60," calling Neo a "leading rare earths processor and separator and producer of permanent rare earth magnets." <h2 style="text-align: center;">A Market that Demands Industrial Materials</h2> Neo's <a href="https://www.neomaterials.com/wp-content/uploads/2026/05/NPM-Investor-Presentation-1Q26.pdf" target="_blank" rel="noopener">investor presentation</a> lists several key factors that it believes will drive the future of the company. Namely, the company expects continued or increased demand in the automotive, wind farm, robotics, and AI data center sectors. <h2 style="text-align: center;">Ownership & Share Information1</h2> Neo Performance Materials Inc. has a market cap of CA$1.28 billion, with 41.94 million shares outstanding. The company's 52-week range is CA$9.00-CA$32.72. Institutions own 26.29% of shares, with Strategic Investors own 1.49%. Management & Insiders own 1.87% of shares, and the remaining 70.35% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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=31199"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31199" width="0" height="0"> ( Companies Mentioned: NEO:TSX;NOPMF:OTCMKTS, ) Tue, 12 May 2026 00:00:00 PST