Core Insights - September 2025 marks a significant period for precious metals, with gold surpassing $3,700 per ounce and silver reaching $46.04 per ounce, driven by Federal Reserve monetary easing, inflation concerns, central bank purchases, and geopolitical tensions [1][2][35] Market Performance Overview - Gold has seen a remarkable rally, trading at approximately $3,796.90 on September 23, 2025, representing a 44% increase from September 2024 [2] - Silver has outperformed gold, reaching a 14-year high of $44.11 on September 22, 2025, with a year-to-date gain of over 50% [4][5] Gold and Silver Dynamics - The gold-silver ratio is currently around 86:1, indicating that silver may be undervalued compared to gold, with potential for significant appreciation if the ratio normalizes to historical averages [6][7][38] - The Federal Reserve's recent rate cut and projected future cuts are expected to support precious metals prices, as gold typically performs well during periods of monetary easing with inflation above 2% [8][10][11] Central Bank Activity - Central banks added 166 tonnes of gold in Q2 2025, reflecting a 33% decline from Q1 but still 40% higher than the 2010-2021 average, with Poland being the largest net purchaser [14][15][16] - The shift towards gold by central banks is driven by geopolitical concerns and a desire to diversify away from traditional currency holdings [16][17] Industrial Demand and Supply Dynamics - Silver's industrial applications are expanding, with the electric vehicle industry accounting for 2.9% of global silver demand and the solar industry for 16%, growing at 14% annually [18][19] - Supply constraints in silver production are expected to lead to a shortage, as major mining operations face challenges in increasing output [21][22] Mining Stocks and ETF Performance - Precious metals mining stocks have significantly outperformed the underlying metals, with the NYSE Arca Gold Miners Index returning 52.65% year-to-date [23] - Despite strong performance, precious metals ETFs have seen outflows, indicating that many investors remain under-allocated to precious metals [25][26] Technical Analysis and Price Forecasts - Analysts have revised precious metals forecasts upward, with expectations for gold to reach $4,000 per ounce in 2026 and silver potentially testing all-time highs [32][40] - Key technical levels for gold are being monitored closely, with resistance at $3,750 and $3,850, and support at $3,550 and $3,450 [31] Investment Implications - Experts recommend a portfolio allocation of 10% to 15% in silver and no more than 20% in total for precious metals to provide diversification and inflation protection [34] - The current environment suggests a compelling contrarian opportunity for investors, as the sector remains under-owned despite strong fundamentals [39]

Core Insights - The Great Canadian Treasure Hunt has successfully awarded its first Bonus Prize, consisting of six one-ounce gold coins valued at over $30,000, found in Dawson City, Yukon [1][2] - The initiative offers Canadians the opportunity to discover more than $1.3 million in gold hidden across the country, with the first winner being Gina Anderson [2][5] - The value of the Bonus Prize has increased from an initial valuation of $27,729 to over $30,000, reflecting the rising price of gold [5] Company and Industry Highlights - The Northern Miner Group, which organizes the treasure hunt, emphasizes the connection to Canada's mining heritage and the excitement of discovery [5][12] - The Grand Prize, consisting of 217 one-ounce gold coins valued at over $1.1 million, remains available alongside eleven more monthly Bonus Prizes [4][7] - The campaign is supported by various industry sponsors, including Agnico Eagle Mines Limited and the World Gold Council, highlighting the collaboration within the mining sector [9][12]

Core Viewpoint - The article discusses the bullish outlook on gold prices, with predictions that gold could exceed $4,000 per ounce by the end of the year, driven by Federal Reserve rate cuts and inflation concerns [5][4]. Group 1: Market Dynamics - The Federal Reserve recently cut rates by a quarter-point, with expectations for more cuts, which may lead to over-easing risks [5][4]. - The U.S. Treasury is issuing 80% of government debt on the short end of the yield curve, decreasing the supply of long-term Treasuries and boosting demand, which puts downward pressure on the 10-year Treasury yield [6][7]. - Falling Treasury rates have historically correlated with rising gold prices, as seen in the recent performance of gold against the backdrop of declining yields [8]. Group 2: Investment Opportunities - The GAMCO Global Gold, Natural Resources & Income Trust (GGN) offers a 7.4% dividend by holding mining stocks and utilizing covered-call options, making it an attractive option for income generation [10][11]. - Newmont Corp. (NEM), the largest gold miner, is positioned well due to low energy costs and high gold prices, reporting a 21% year-over-year revenue increase in Q2 and a nearly doubled EPS [12][14]. - NEM's shares are trading at a forward P/E of 14, below the five-year average of 18, and the company has announced $3 billion in buybacks, indicating strong management confidence [14][16].

Group 1 - Q-Gold Resources Ltd. has successfully fully allocated its offering of up to 66,666,667 units, indicating strong investor interest and support for the company's projects and strategy [1][2] - The completion of the offering is subject to customary closing conditions, including approval from the TSX Venture Exchange and execution of necessary agreements [2] - The company has amended its share exchange agreement with Alamos Gold Inc., reducing the threshold for granting a re-purchasable net smelter return royalty from 50% to 19.9% [3][4] Group 2 - The amendment stipulates that no common shares will be issued for milestone payments if it exceeds a total of 138,326,406 shares, although the company will seek approval for additional issuances if requested by Alamos [5] - Q-Gold is a publicly traded Canadian mineral exploration company focused on high-grade gold and silver discoveries, currently exploring the Foley Gold Mine in Ontario [6]

Core Insights - The Great Canadian Treasure Hunt has attracted over 55,000 participants, marking it as a nationwide phenomenon with significant public engagement [1][4] - The first bonus prize, valued at over CAD$30,000, was launched in Dawson City, Yukon, a historical site of Canada's Gold Rush [1][2] - The total value of the grand treasure has increased to over CAD$1.1 million, reflecting the rising gold prices and its role as a hedge against currency debasement [2] Industry Impact - The treasure hunt is seen as a modern-day gold rush, stimulating interest in gold and precious metals during uncertain economic times [1][2] - Monthly prizes will be released over the next year, each representing six one-ounce gold coins, which will further engage participants and promote exploration [3] - The event has generated significant online activity, with over 430,000 website views and active discussions in forums about maps and theories related to the hunt [4]

Core Viewpoint - Alamos Gold has agreed to sell its Turkish assets to Nurol Holding for $470 million, divesting from a portfolio previously involved in a $1 billion legal claim [1] Group 1: Transaction Details - The agreement involves the sale of Dogu Biga Madencilik Sanayi ve Ticaret AS to Nurol's subsidiary Tumad Madencilik Sanayi ve Ticaret AS, which owns three gold and silver development projects in northwestern Turkey [1] - The transaction price includes an initial payment of $160 million upon completion, expected in the fourth quarter, followed by two additional payments over the next two years [1] Group 2: Legal and Arbitration Context - Alamos Gold has agreed to suspend arbitration proceedings against Turkey upon reaching certain contractual milestones, although specific details were not disclosed [1] - The company previously filed a $1 billion treaty arbitration claim in 2021 due to the Turkish government's refusal to renew a mining license for one of its projects, Kirazli, which has been stalled since 2019 [1] Group 3: Future Plans - Proceeds from the sale will be used for investments in projects in North America and Mexico, as well as for debt repayment [1]

Core Viewpoint - Q-Gold Resources Ltd. is conducting a private placement offering to raise up to $10 million through the sale of units priced at $0.15 each, with proceeds aimed at financing mineral exploration projects and working capital [2][4]. Group 1: Offering Details - The offering consists of up to 66,666,667 units, each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at $0.20 for 24 months, with an acceleration clause if the share price exceeds $0.25 for 10 consecutive days [2][4]. - The offering is structured as a "best efforts" private placement, subject to regulatory approvals and a four-month statutory hold period on the securities issued [3][4]. Group 2: Use of Proceeds - Proceeds will be used to finance the acquisition of the Quartz Mountain Project in Oregon, which is a late-stage mineral exploration project [4][6]. - Additional funds will support exploration along the Quetico Fault Zone in Ontario and provide working capital for general corporate purposes [4][6]. Group 3: Market Engagement - The company has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares [8][9]. - ITG will receive CAD$5,000 per month for its services, with the agreement subject to renewal and termination conditions [9]. Group 4: Agent and Commissions - BMO Capital Markets is the sole agent for the offering, entitled to a 6% cash commission on gross proceeds and unvested broker warrants equivalent to 6% of units sold [7]. - Broker warrants will allow the purchase of common shares at $0.15 for 60 months, vesting under specific conditions [7]. Group 5: Qualified Persons - The technical information regarding the Mine Centre project has been reviewed by Jason Arnold, P.Geo., and the Quartz Mountain Project by Fred H. Brown, P.Geo., both recognized as Qualified Persons under NI 43-101 [10][11]. Group 6: Company Overview - Q-Gold Resources Ltd. is a Canadian-based mineral exploration company focused on high-grade gold and silver discoveries, currently exploring the Foley Gold Mine in Ontario [12].

Turkey’s Nurol is seeking to buy Alamos Gold’s local mines in a deal that could bring an end to the Canadian miner’s $1 billion claim against the government for alleged mistreatment https://t.co/9xqWLBpaVn ...

TORONTO, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to provide the following corporate update on its recent and upcoming activities, including as they relate to the later stage mineral exploration project located in south-central Oregon (the “Quartz Mountain Project”) that the Company intends to acquire from Alamos Gold Inc. (“Alamos”) pursuant to a share exchange agreement dated March 31, 2025 (the “Acquisition”). For more information about th ...

Q2 2025 Financial Highlights - Earned 19,700 gold equivalent ounces (GEOs) compared to 20,068 GEOs in Q2 2024[12] - Revenues reached $60.4 million with a quarterly cash margin of 95.8%, compared to $47.4 million and 96.6% in Q2 2024[12] - Declared a Q3 2025 quarterly dividend of $0.055 per common share[12] - Held a cash balance of $49.6 million and a net cash position of approximately $14.0 million as of June 30, 2025[12] - Acquired a 100% silver stream on Orla Mining's South Railroad project for a total consideration of $13 million[14] Production and Guidance - Precious metals focus with 94.3% of H1 2025 GEOs from precious metals[20] - 68% of Q2 2025 GEOs were from gold, 24.2% from silver, and 7.4% from copper & others[18] - Still tracking well against 2025 GEO delivery guidance of 80,000-88,000 GEOs, with a slightly stronger H2 expected compared to H1 2025[14] Key Assets and Developments - Canadian Malartic Complex production guidance is for 590,000 ounces of gold in 2025, 560,000 ounces in 2026, and 650,000 ounces in 2027[29] - Island Gold's updated Mineral Reserve in June 2025 was 11.8 million tonnes grading 10.85 g/t Au (4.1 million ounces), up 80% from the end of 2024[39] - Dalgaranga: An early buyback notice received in late July 2025, reducing the GRR rate on Dalgaranga from 1.8% to 1.44%, and reducing the GRR rate on Benz Mining Corp's Glenburgh and Mt Egerton projects from 1.35% to 1.08%[43] Future Growth and Financial Flexibility - 2029 outlook represents approximately 40% GEO growth over 2025 estimates, with no contingent capital required[48] - Available credit of $814 million, including a $200 million accordion[58]