Core Viewpoint - Galway Metals Inc. has reported positive drill results from the Southwest Deposit of its Clarence Stream high-grade gold project, indicating significant potential for gold resources in New Brunswick, Canada [1] Group 1: Drill Results - The company announced results from 7 diamond drill holes at the Southwest Deposit [1] - The Clarence Stream Gold Project has a district-scale potential with an approximately 65-kilometre strike length of highly prospective gold showings and anomalies [1] Group 2: Resource Estimates - The 2022 Mineral Resource Estimate (MRE) for the project is 12.4 million tonnes at a grade of 2.3 grams per tonne (g/t) gold, which equates to approximately 922,000 ounces of gold [1]

Core Viewpoint - NexGold Mining Corp. has initiated a diamond drilling program at its Goliath Gold Complex in Ontario, focusing on the Goldlund Deposit to infill and potentially expand open-pit Mineral Resources, with a total of up to 25,000 metres planned for 2026 [1][2]. Group 1: Drilling Program - The drill program aims to increase drill density in the deeper portions of the Goldlund open-pit Mineral Resource and to test high-grade plunging shoots for geological continuity [1]. - The drilling commenced in late 2025 and is expected to continue throughout 2026, with regular updates on results anticipated [2]. Group 2: Mineral Reserves and Resources - The Goliath Complex includes Proven & Probable Mineral Reserves of 1,267,000 ounces of gold and 1,724,000 ounces of silver, based on 30,319,000 tonnes at a grade of 1.30 g/t gold and 1.77 g/t silver [2][3]. - The Goldlund Deposit specifically has Probable Reserves of 621,000 ounces of gold at a grade of 1.19 g/t gold, with a total of 1,784,500 ounces of gold and 2,819,100 ounces of silver in combined Measured and Indicated open-pit Mineral Resources [2][3]. Group 3: Company Strategy and Community Engagement - The President and CEO of NexGold stated that 2026 is expected to be a transformational year for the company, with a focus on advancing the Goldboro Gold Project in Nova Scotia while optimizing the Goliath Complex [2]. - The company emphasizes the importance of engaging with First Nations communities and advancing permitting activities alongside technical studies [2].

Core Insights - Alamos Gold Inc. reported successful results from its 2025 exploration program at the Lynn Lake and Qiqavik Gold projects, indicating potential for increased mineral reserves and resources [1][2] Lynn Lake Project Exploration Highlights - The exploration focused on the Linkwood and Burnt Timber satellite deposits, which are expected to enhance the mine life and production rates of the Lynn Lake project [3][19] - A total of $3.4 million was spent on exploration at Lynn Lake in 2025, with 7,268 meters of drilling completed [13] - Total Mineral Reserves for the Lynn Lake District increased by 42% to 3.3 million ounces grading 1.29 g/t Au [14] - Significant gold intercepts included 21.70 g/t Au over 5.25 m and 27.68 g/t Au over 6.26 m [6][22] Qiqavik Project Exploration Highlights - The 2025 drill program at Qiqavik was the first since its acquisition in 2024, with 72% of the holes reporting gold grades above 1.0 g/t Au [8][37] - The program confirmed the presence of high-grade gold mineralization across multiple targets, indicating significant discovery potential [9][39] - Notable results included 36.10 g/t Au over 0.65 m and 2.06 g/t Au over 14.95 m [10][11] Future Exploration Plans - The 2026 exploration program will focus on further defining the geometry and extent of mineralized structures at both Lynn Lake and Qiqavik projects [43][49] - There is potential for underground mining at the MacLellan and Gordon deposits, which remain open at depth [24][25] Regional Exploration Potential - The Lynn Lake project covers 58,000 hectares with significant exploration potential, including the Maynard and Tulune regional targets [31][32] - The Maynard target has shown promising gold mineralization over a 750 m strike length, while the Tulune discovery has extended broad zones of near-surface gold mineralization over a 2 km strike length [32][33]

Core Viewpoint - The management of Cerrado Gold Inc. believes that the current market price of its common shares does not accurately reflect the company's asset value and future prospects, prompting the decision to initiate a normal course issuer bid (NCIB) to repurchase shares for cancellation [3]. Group 1: Normal Course Issuer Bid (NCIB) Details - The TSX Venture Exchange has accepted Cerrado's notice to implement an NCIB, allowing the company to repurchase up to 6,794,790 common shares, which is 5% of the issued and outstanding shares [1]. - The NCIB will commence on February 3, 2026, and will end on the earlier of the company purchasing the maximum number of shares, providing notice of termination, or February 2, 2027 [2]. - Under the NCIB, the company is restricted to acquiring no more than 2% of the common shares, equating to 2,717,916 shares, in any 30-day period [2]. Group 2: Engagement and Execution - Cerrado has engaged Stifel Financial Corp. to act as its broker for the NCIB, with purchases to be made through the TSXV and/or alternative trading systems at market prices plus any applicable brokerage fees [4]. - All common shares repurchased under the NCIB will be cancelled [4]. Group 3: Insider Transactions - To the company's knowledge, none of the directors, senior officers, or insiders intend to sell any common shares under the NCIB [5]. - This marks the first time the company has approved an NCIB [5].

Core Viewpoint - The international gold price has surged dramatically, with spot gold reaching a historical high of $5,285.66 per ounce, leading to a significant increase in gold-related ETFs in the domestic market, which have seen rare daily limit-ups [2][3]. Group 1: Gold Price Surge - On January 28, international gold prices broke through key thresholds of $5,000, $5,100, and $5,200, approaching $5,300 [2]. - The domestic market has seen gold-themed ETFs, both linked to gold prices and A-share gold stocks, experiencing unprecedented daily limit-ups [2][3]. Group 2: ETF Performance - As of January 28, there are 20 gold-themed ETFs in the market, with 14 being gold ETFs and 6 being gold stock ETFs, the latter gaining significant attention from investors [3]. - Major gold stock ETFs, such as Guotai Fund's Gold Stock ETF (517400), saw a 10% increase, while others like Huazhang Fund and Industrial Bank Fund also reported gains of around 9% to 10% [3][4]. Group 3: Investment Trends - The investment logic surrounding gold has shifted, with high gold prices making it a luxury for ordinary investors, leading to increased interest in gold stock ETFs, which are relatively low in net value [3][4]. - The six gold stock ETFs have shown impressive performance, with returns exceeding 50% since January 2026, and all six have doubled in value over the past year [4]. Group 4: Market Dynamics - The surge in gold stock ETFs is attributed to the performance of A-share gold mining stocks, which have also experienced limit-ups in recent trading sessions [5][6]. - Institutional perspectives support the bullish outlook on gold prices, with expectations of continued demand from central banks and asset allocation trends [6][7]. Group 5: Fund Flows - Despite a general outflow of over 480 billion yuan from the stock ETF market, gold and precious metal ETFs have continued to attract significant inflows [8][9]. - As of January 27, gold-themed ETFs have seen a substantial increase in total assets, with commodity gold ETFs growing by 29.71% and stock gold ETFs by over 75% since the end of last year [9].

Core Viewpoint - Orezone Gold has signed a definitive agreement to acquire Hecla Mining Company's wholly owned subsidiary Hecla Quebec for a total consideration of $352 million, which includes both upfront and deferred payments [1][2] Group 1: Acquisition Details - The acquisition allows Orezone to gain full ownership of the Casa Berardi gold mine and associated exploration properties located in Quebec, Canada [1] - The total consideration includes $160 million in cash and $112 million in Orezone common shares, with contingent payments that could reach up to $241 million [2] Group 2: Financial Arrangements - The contingent consideration includes $10 million linked to gold prices and $231 million based on future permitting and gold production from the mine's proposed open pits [2] - Orezone will finance the upfront cash consideration through a combination of available cash and a $100 million gold stream agreement with Franco-Nevada [3][4] Group 3: Operational Insights - Casa Berardi has produced over 3.2 million ounces of gold and is located in a Tier 1 mining jurisdiction, recognized for its favorable mining conditions [3] - The gold stream agreement requires Orezone to deliver 1,625 ounces of gold each quarter for the first five years, after which the stream percentage will be set at 5% of gold production [4] Group 4: Strategic Importance - The acquisition is seen as a significant inflection point for Orezone, enhancing its portfolio with a cash-flow-generating asset and providing diversification in a Tier 1 jurisdiction [5] - The established operating history and substantial exploration potential across a 37 km mineralized corridor at Casa Berardi are expected to support sustained growth for the company [5] Group 5: Timeline - The transaction is subject to certain conditions and is anticipated to close in the first quarter of 2026 [5]

Core Viewpoint - Tether has rapidly become a significant player in the global gold market, accumulating around 140 tons of gold valued at approximately $24 billion, positioning itself similarly to a central bank in its gold strategy [1][4][6]. Group 1: Gold Accumulation and Market Impact - Tether purchased over 70 tons of gold last year, surpassing most central banks except Poland, which added 102 tons [2]. - The company's gold purchases have contributed to a 65% rally in gold prices last year, indicating its role as a significant new buyer in the market [12]. - Tether's buying rate is about one to two tons per week, with plans to continue this pace for the foreseeable future [8][10]. Group 2: Strategic Positioning and Future Plans - Tether aims to compete with major banks in gold trading, seeking to establish itself as a leading trading entity in the gold market [14][15]. - The company has hired senior gold traders from HSBC to enhance its trading capabilities and explore market inefficiencies [16]. - Tether is also investing in royalty companies related to gold mining, diversifying its exposure in the gold sector [18][19]. Group 3: Geopolitical Context and Market Sentiment - Tether's CEO predicts that geopolitical rivals to the US dollar may launch gold-backed alternatives, reflecting a broader distrust in government debt [4][20]. - The company's strategy aligns with emerging market users of its dollar stablecoin, who view gold as a protective asset against currency debasement [20][26]. - Tether's gold strategy has gained traction amid a significant market rally, as investors seek alternatives to holding US dollars [23][26].

21世纪经济报道记者 叶麦穗 北京时间1月28日，现货黄金突破5250美元/盎司，最高触及5257.468美元/盎司，年内涨幅突破21%，继 续刷新历史最高纪录。 21世纪经济报道记者注意到，当天黄金板块也跟着水涨船高，截至中午收盘，黄金板块大涨3.88%，板 块包括晓程科技、恒邦股份、招金黄金、四川黄金、湖南黄金和西部黄金在内的个股集体涨停。 | 10 20.01 ** 479226 | 301500 飞暗曲源 | | | 21,11 | 352 | 2131 | | | | 0.00 | | 1853 | 21.31 | 1820 | 17.59 | 44.42 | 24176 | 国家治理 | 1. 38 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2.3 20.01 | 300139 龄图科技 | 1 | | 70.60 | 11.77 | TO 60 | - 585551 | | 13 | 0. ...

Core Viewpoint - Banyan Gold Corp. has reported high-grade gold mineralization at its AurMac Project in Yukon, Canada, specifically in the Airstrip Deposit and Aurex Hill Zone, indicating strong potential for resource development [1] Summary by Sections Aurex Hill Intersections Highlights - AX-25-796: 0.84 g/t Au over 38.9m within 0.64 g/t Au over 76.0m, including high-grade intervals of 26.35 g/t Au over 0.5m [1] - AX-25-802: 2.82 g/t Au over 11.8m within 0.78 g/t Au over 51.1m, including high-grade interval of 7.26 g/t Au over 4.3m [1] Airstrip Intersections Highlights - AX-25-720: 1.10 g/t Au over 6.5m within 0.30 g/t Au over 38.9m, includes high-grade intervals of 16.70 g/t Au over 0.4m and 13.80 g/t Au over 1.0m [1] - AX-25-731: 2.27 g/t Au over 5.0m within 1.24 g/t Au over 11.0m, includes high-grade interval of 14.10 g/t Au over 0.5m [1] - AX-25-758: 0.90 g/t Au over 18.9m within 0.51 g/t Au over 43.8m, includes 17.14 g/t Au over 0.3m [1] - AX-25-792: 4.25 g/t Au over 3.3m within 0.60 g/t Au over 37.6m, includes 14.60 g/t Au over 0.5m [1] Management Commentary - The high-grade gold mineralization in both the Aurex Hill zone and the Airstrip Deposit reinforces the understanding of high-grade mineralization and meets the objective of targeting areas suitable for starter pits, according to the President and CEO, Tara Christie [1]

Core Viewpoint - Osisko Development Corp. has successfully completed the sale of its 100% interest in the San Antonio Gold Project to Axo Copper Corp., marking a significant transaction for the company [1]. Group 1: Transaction Details - Osisko Development received 15,325,841 common shares of Axo, representing 9.99% of Axo's issued and outstanding common shares on a non-diluted basis at the closing of the transaction [2]. - The company is entitled to contingent deferred payments, including a cash payment equal to 70% of any Mexican value-added tax refund due to Sapuchi Mexico, and a payment of US$2,000,000 upon the public filing of a feasibility study by Axo [6]. - If Axo raises at least US$10,000,000 in equity financing, Osisko Development will retain a 9.99% interest in Axo, with specific conditions based on the issue price of the shares [2][6]. Group 2: Company Overview - Osisko Development Corp. is focused on developing past-producing mining camps with district-scale potential, aiming to become an intermediate gold producer through its flagship Cariboo Gold Project in British Columbia, Canada [4]. - The company also has a project pipeline that includes the Tintic Project in Utah, which has significant exploration potential and access to established infrastructure [4]. - Osisko Development emphasizes a disciplined approach to capital allocation, development risk management, and mineral inventory growth in mining-friendly jurisdictions [4].