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Mining Stocks Positioned for Profit Explosion as Gold Bullion Tops $4,000
Prnewswire· 2025-10-10 13:10
Core Insights - Gold prices have surpassed $4,000 per ounce for the first time, driven by inflation concerns and safe haven demand amid economic uncertainty [1] - Mining stocks have increased by 135% in 2025, benefiting from margin expansion and stabilized production costs [1] - Goldman Sachs has raised its gold price forecast to $4,900 per ounce by late 2026, citing strong demand from Western investors and central banks [2] Company Highlights - Rush Gold Corp. has shown significant momentum in its first 90 days as a publicly traded company, completing financing and strategic land consolidation in Nevada [3][5] - The company is advancing two properties in the Republic Mining District, a historically productive area for silver and gold [4] - The Skylight property, covering 330 acres, is believed to host a well-preserved epithermal gold-silver system, with previous drilling intersecting gold [5][6] Exploration and Development - Recent technical work at Skylight has validated the geological model, revealing a 1.2-kilometer alteration footprint indicative of significant mineralization potential [6] - The Walker Lane corridor has become a major exploration focus, with significant gold discoveries nearby, enhancing Rush Gold's strategic position [7][8] - Rush Gold has consolidated its district footprint through an option agreement for the Legal Tender property, which has shown high-grade mineralization potential [8] Financial Position and Future Plans - Rush Gold closed a private placement of $500,000, providing capital for targeted field programs [9] - Near-term work will focus on refining targets using ASTER satellite data and conducting follow-up at Legal Tender's historic workings [9] - The company aims to preserve capital while testing high-priority targets identified by previous operators [9] Industry Context - The surge in gold prices is attracting renewed attention to exploration projects in proven districts, with lower-grade zones becoming economically viable [10] - Nevada is recognized as one of the top mining jurisdictions globally, offering favorable conditions for mining operations [10]
Kestrel Partner Centerra Drilling Results at QCM Gold Property
Accessnewswire· 2025-10-10 12:30
CALGARY, AB / ACCESS Newswire / October 10, 2025 / Kestrel Gold Inc. ("Kestrel")(TSXV:KGC) provides an update on ongoing drilling program by Centerra Gold Inc. ("Centerra", TSX:CG or NYSE:CGAU) at Kestrel's 100% owned QCM property located in the Manson-Germanson area of central British Columbia. The QCM project is comprised of 8,729 hectares, centered over a 15-kilometre NW-SE striking segment of the Manson Fault Zone. ...
Teuton Reports Positive Drill Results from Treaty Creek Property, Golden Triangle, British Columbia
Thenewswire· 2025-10-10 12:05
Victoria, British Columbia, Canada – TheNewswire - October 10, 2025 - Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TFE"- Frankfurt) is pleased to report that Joint Venture (“JV”) partner Tudor Gold ("Tudor") has announced, in a news release dated October 8, 2025, positive results from the third hole of the 2025 exploration drill program at the Treaty Creek Project, located in the Golden Triangle of Northwest British Columbia. Teuton owns a 20% carried interest (carried until a prod ...
GBM Resources raises $26m for Drummond Basin gold exploration
Yahoo Finance· 2025-10-10 11:27
GBM Resources has raised A$39.85m ($26.14m) through an institutional placement to expedite exploration and development in its Drummond Basin gold portfolio in Queensland. This fundraising effort saw substantial support from both new and existing institutional investors including its largest shareholder, Wise Walkers, which committed A$8.05m, pending shareholder approval. The placement involves issuing approximately 752 million new shares at A$0.053 each, reflecting a 3.6% discount to GBM’s last closing p ...
Gold and gold miners suffered a big one-day retreat. Why it's still not time to sell.
MarketWatch· 2025-10-10 11:02
Gold took a hit on Thursday, and shares of gold miners tumbled along with it, as some investors booked profits after the metal's more than 50% climb so far this year. ...
年内22只黄金股股价实现翻倍
2 1 Shi Ji Jing Ji Bao Dao· 2025-10-10 10:49
Group 1 - During the recent "Double Festival" holiday, gold prices surged, reaching a historic high of $4059.31 per ounce, marking an increase of nearly 5% before the holiday [2] - As of October 10, gold experienced a slight pullback, trading at $3997.68 per ounce, reflecting a 0.55% increase from the previous day [2][3] - The gold market has seen significant price movements, with gold futures and spot prices both rising over 53% this year, making it one of the most profitable mainstream assets [5] Group 2 - A total of 22 gold-related stocks have doubled in price this year, with three stocks, including Zhaojin Mining, seeing increases exceeding 200% [5] - Institutional interest in gold stocks has surged, with companies like Shandong Gold International and Zhaojin Mining attracting attention from numerous investment firms [7] - Prominent investors, including Ray Dalio of Bridgewater Associates, have endorsed gold as a safer investment compared to the US dollar, especially amid rising government debt and geopolitical tensions [8] Group 3 - Goldman Sachs has raised its gold price forecast for December 2026 from $4300 to $4900 per ounce, citing increased demand from central banks and individual investors [9] - UBS had previously predicted gold prices would reach $3900 per ounce by mid-2026, but the recent surge has surpassed this expectation [9] - JP Morgan's forecast for gold prices to exceed $4000 per ounce in early 2026 appears conservative given the current market dynamics [9] Group 4 - The domestic gold ETF market has rapidly expanded, with several products surpassing 10 billion yuan in scale, indicating strong investor interest [11] - The Huaan Gold ETF has seen its scale grow to 68.263 billion yuan, reflecting a significant increase in inflows [11] - The performance of gold ETFs is closely tied to gold price movements, with notable inflows during periods of rising prices [11][12] Group 5 - The largest gold ETF, SPDR, has increased its holdings by 1.43 tons, reaching a three-year high of 1014.58 tons, driven by central bank purchases and ETF buying [13] - China's gold reserves have been rising for 11 consecutive months, reaching 74.06 million ounces, which is 7.7% of its foreign reserves [13] - The shift towards a more diversified financial order suggests a growing role for gold in international reserves [13]
MAC Copper Limited Announces Scheme with Harmony Becomes Effective
Businesswire· 2025-10-10 10:30
Core Viewpoint - MAC Copper Limited has announced the lodging of the Royal Court of Jersey's order sanctioning the acquisition of 100% of its issued share capital by Harmony Gold (Australia) Pty Ltd, a subsidiary of Harmony Gold Mining Company Limited [1] Group 1 - MAC Copper Limited is listed on both NYSE (MTAL) and ASX (MAC) [1] - The acquisition will result in Harmony Gold owning the entire issued share capital of MAC Copper Limited [1]
Flagship Gold partners with Mali for Morila gold mine revival
Yahoo Finance· 2025-10-10 09:30
New York-based Flagship Gold has partnered with Mali's state-owned miner, the Mineral Resources Research and Exploitation Company (SOREM), to restart production at the Morila gold mine. This marks the first US investment under Mali's new mining code, which was adopted in August 2023. The agreement, signed on 9 October, allows Flagship to acquire equity in operating company Morila SA. The Morila mine contains estimated reserves of 2.5 million ounces (moz). Located in the southern city of Sanso in Mali's ...
Gold Is Obliterating the S&P 500, the Nasdaq-100, and even Nvidia Right Now. Here's a Simple Way to Buy It
Yahoo Finance· 2025-10-10 09:06
Key Points Gold has climbed by a whopping 53% so far in 2025, crushing the major U.S. stock market indexes. Investors are using gold to hedge against soaring government debt, which could lead to a dramatic increase in money supply. Buying the SPDR Gold Trust could be the simplest way for investors to participate in gold's upside. 10 stocks we like better than SPDR Gold Trust › Stock market investors are having a pretty good year because the S&P 500 (SNPINDEX: ^GSPC) is up 15% so far, and the tech ...
IAMGOLD Provides Notice of Third Quarter 2025 Results and Conference Call
Newsfile· 2025-10-09 21:01
IAMGOLD Provides Notice of Third Quarter 2025 Results and Conference CallOctober 09, 2025 5:01 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - October 9, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its third quarter 2025 operating and financial results after market hours on Tuesday, November 4, 2025. Senior management will host a conference call to discuss the operating performance and financ ...