Gold Mining Equity Pulse

Regulatory Developments

• 🔥 Ghana 30% State Gold Rule: Ghana will require large-scale mining companies to sell 30% of their gold output to the...

Lake Victoria Gold has secured a Monetary Metals gold loan facility for up to 6,000 ounces (~US$25M) that avoids equity dilution and aligns repayment...

Gold price targets cut sharply after Kevin Warsh's hawkish Fed pivot, with Goldman Sachs lowering its year-end forecast to $4,900 and Deutsche Bank...

• Orestone Mining released Phase 1 trench results at its Francisca project in Salta, Argentina, on June 26.
• Trench 6B returned 21 meters of 4.45 g/t...

Global miners posted solid 2025 results with revenues up 3.3% to $909bn, yet South Africa's mineral policy ranks at the bottom for implementation...

Ghana's new rule forcing large miners to sell 30% of output to the state from July 1 adds regulatory pressure just as AngloGold Ashanti earns a fresh...

Barrick shares drew fresh attention after beating earnings expectations, with investors positioning the producer as a defensive play amid geopolitical...

Zodiac Gold's largest recent insider purchase by advisory board member Brett Richards was made at CA$0.39 per share, now well above the current...

Newmont shows stronger balance sheet metrics than Kinross amid the gold price pullback, but both face production shifts.

• Newmont's edge: $12.8...

HC Wainwright reiterated its Buy rating and $30.75 price target on US GoldMining (USGO) in both reports, with shares near $8.06-$8.08.

• GuruFocus...

Auro Metals' early 2026 drill results at Santa Barbara show hundreds of meters of continuous gold-copper mineralization from surface, reinforcing the...

Company Financial and Project Updates

• 🔥 GoldMining Mid-2026 Update: GoldMining reported a debt-free balance sheet with approximately US$185...

Gold's recent break below the $4,320 floor was driven by the Fed's hawkish dot plot, not geopolitical relief, with nine of eighteen participants now...

GoldMining enters mid-2026 debt-free with ~US$185M in cash and securities, a figure close to its C$269.6M market cap.

This sits against a 22.1M...

Strengths for equity investors:

• $370.2M cash and deposits fund Donlin BFS and provide volatility buffer
• 60% Donlin ownership via Barrick...

Soma Gold has begun shipping ore from the Aurora mine after securing its final explosives permit and started mining at El Limon, with commercial production targeted for later this year at 20 mt/d.

• Macro catalyst: PCE data aligned with forecasts, easing near-term rate hike fears and lifting gold as the dollar and yields fell.
• Micro reality:...

Triple Flag's completed US$440M Ravenswood gold stream highlights sustained appetite for royalty/stream financing in gold mining, giving producers...

• Agnico Eagle advances multiple growth projects including Odyssey, Hope Bay and Upper Beaver while posting record $6.8B operating cash flow in 2025...

• 2009-2011 peak: Gold miners paid 33-90% premiums for acquisitions, triggering billions in later writedowns
• 2024-2026 cycle: Recent mergers...