Tag: Gold

Release – Details of Annual & Special Meeting of Aurania Shareholders

Posted on by aweinsoff@channelchek.com

Research News and Market Data on AUIAF

May 29, 2025 5:10 PM EDT | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – May 29, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that its Annual and Special Meeting of Shareholders (the “Meeting”) will be held at 1:30pm ET on Thursday, June 12, 2025, at the Company’s offices at 8 King Street East, Suite 1800, Toronto, ON M5C 1B5.

Aurania’s President & CEO, Dr. Keith Barron, is planning to provide a brief update on activities following the formal part of the Meeting. The Company expects to provide a link to a video and/or audio replay of Dr. Barron’s update sometime following the Meeting.

Proxy Voting Deadline
To ensure your vote is counted, please cast your vote prior to Tuesday, June 10th, 2025, at 1:30pm ET as per the details in your form of proxy. Meeting materials can be found on Aurania’s website under the Annual General Meeting tab.

Financial Statements and MD&A (Management’s Discussion & Analysis)
Aurania’s interim financial statements and MD&A for three months ended March 31, 2025, are available on SEDAR+ and the Company’s website.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

info

SOURCE: Aurania Resources Ltd.

Gold Nears All-Time Highs: Why It’s Defying the Typical Market Cycle

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold surges as investors seek safety from Trump’s tariff threats.
– U.S. fiscal worries and a weaker dollar drive demand for gold.
– Gold defies norms, staying strong despite rising Treasury yields.

Gold is trading just a few percentage points below its all-time highs, confounding expectations for a significant retracement typical of most asset classes. In a normal market cycle, rapid price increases are often followed by pullbacks as traders take profits and reassess fundamentals. But gold’s current behavior suggests that broader forces are at play, reshaping how investors evaluate risk and value in today’s geopolitical and macroeconomic landscape.

As of May 23, 2025, gold surged nearly 2% to $3,357.78 an ounce, extending its weekly gain toward 5%. This spike follows fresh threats from former President Donald Trump, who vowed to impose sweeping tariffs on the European Union and Apple Inc. These geopolitical tensions have reignited demand for gold as a safe haven, a traditional response to rising uncertainty.

According to a Bloomberg report, Trump’s proposed 50% tariffs on EU goods and a minimum 25% tariff on Apple if it fails to manufacture in the U.S. rattled financial markets. U.S. equity futures dropped in response, highlighting investor unease. At the same time, bullion prices surged as traders sought refuge from the volatility.

But tariffs alone don’t explain why gold is hovering so close to record highs without a typical retracement. Several structural shifts underpin the resilience of gold in this cycle.

First, gold is being buoyed by deep concerns over U.S. fiscal health. Moody’s recently downgraded the U.S. credit rating, citing fears that the government’s ballooning deficit—exacerbated by Trump’s tax proposals—could worsen. With trust in government debt shaken, gold has gained favor as a store of value.

Second, the usual inverse relationship between gold and Treasury yields appears to be breaking down. Yields on 10-year U.S. Treasuries have risen to around 4.5%, a level that would historically undermine gold, which offers no yield. However, this time, investors are prioritizing safety over returns. The desire to shield portfolios from political and economic instability is overriding traditional valuation models.

Third, the macroeconomic backdrop includes a weakening U.S. dollar, as evidenced by the Bloomberg Dollar Spot Index slipping 0.6% for the week. A softer dollar makes gold cheaper for foreign buyers, further boosting demand.

Finally, investor psychology has shifted. Gold’s surge of over 25% this year has created a momentum-driven market where fear of missing out (FOMO) is fueling further buying. This sentiment-driven rally leaves little room for retracement, especially when headlines continue to reinforce the bullish narrative.

In conclusion, gold’s current strength—so close to its peak with little sign of reversal—reflects more than just a temporary flight to safety. It signals a deeper lack of confidence in traditional hedges like government bonds and an increasingly uncertain geopolitical environment. Until those pressures ease, gold may not follow the rules of a “normal” market cycle.

Alkane and Mandalay Merge to Build a Gold and Antimony Powerhouse

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Creating a gold-antimony producer with three cash-generating mines in Australia and Sweden.
– Targeting ~160,000 gold-equivalent ounces in 2025, rising to ~180,000 ounces in 2026.
– Strong balance sheet, index inclusion potential, and major growth projects underway.

Alkane Resources and Mandalay Resources have announced a transformative “merger of equals,” creating a new mid-tier gold and antimony producer with global ambitions. Under the agreement, Alkane will acquire all Mandalay shares through a court-approved plan of arrangement, offering 7.875 Alkane shares for each Mandalay share. The new combined company, retaining the Alkane Resources name, will boast a market capitalization near A$1 billion (C$898 million), with listings planned on both the ASX and TSX.

This merger creates an impressive platform of three operating, cash-generating mines: Tomingley in Australia (Alkane’s flagship), Costerfield in Australia (Mandalay’s high-margin gold-antimony asset), and Björkdal in Sweden (Mandalay’s established gold producer). Together, they are projected to deliver approximately 160,000 gold-equivalent ounces in 2025, growing to over 180,000 ounces in 2026.

The financial strength of the new entity is also notable, with a combined proforma cash balance of A$188 million as of March 31, 2025. This strong liquidity profile positions the combined company to aggressively pursue exploration, development, and potential future acquisitions, including advancing Alkane’s significant Boda-Kaiser copper-gold project.

Management continuity and expertise are at the forefront of the merger strategy. Alkane’s Managing Director, Nic Earner, will lead the combined company, alongside Mandalay executives such as COO Ryan Austerberry and VP of Exploration Chris Davis. This integration promises operational stability and continued success across all assets.

From a shareholder perspective, the merger is positioned as highly accretive. Mandalay shareholders will gain exposure to Alkane’s promising growth projects, particularly Tomingley’s ramp-up and Boda-Kaiser’s copper-gold potential. Alkane shareholders, meanwhile, benefit from immediate diversification into antimony — a critical mineral — and established production from Sweden.

Critically, the companies expect the transaction to unlock a valuation re-rate. The merged entity will target inclusion in major indices such as the ASX 300 and the GDXJ ETF, with the goal of attracting greater institutional investment and improving trading liquidity.

Both boards unanimously recommend the deal, and major shareholders, representing about 45% of Mandalay and 19% of Alkane’s shares, have already committed their support. Subject to shareholder votes, court approvals, and regulatory consents, the transaction is expected to close in the third quarter of 2025.

Industry observers see this merger as part of a broader consolidation trend among mid-tier mining companies, seeking greater scale, asset diversification, and global relevance. Alkane and Mandalay’s combination clearly fits this mold, building a stronger, growth-focused mining company with a robust balance sheet and production base.

As both companies move forward toward completing the transaction, the new Alkane Resources stands to emerge as a serious competitor in the mid-tier gold and critical minerals space — offering investors a compelling blend of production, growth, and financial strength.

Take a moment to take a look at Noble Capital Markets’ Research Analyst Mark Reichman’s coverage list.

Gold Hits Record Highs, Becomes Wall Street’s Hottest Trade in 2025

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold has overtaken the “Magnificent Seven” tech stocks as the most crowded trade on Wall Street.
– Gold futures have hit a record $3,334 per ounce, rising over 27% year to date.
– Shifting sentiment may benefit small-cap gold miners as capital rotates into safe-haven assets.

Gold is having its moment. In a year marked by volatility, uncertainty, and waning confidence in traditional tech plays, the precious metal has surged to all-time highs, overtaking the once-dominant “Magnificent Seven” tech stocks as Wall Street’s most crowded trade.

Gold futures (GC=F) soared to a new record of $3,334 per ounce this week, pushing year-to-date gains past 27%. This run-up is more than just a short-term spike — it marks a dramatic shift in sentiment from the high-growth, high-risk appetite that dominated the last bull cycle to a focus on stability, safety, and long-term value preservation. According to the latest Bank of America fund managers survey, nearly half (49%) of respondents identified “long gold” as the most crowded trade right now — the first time in two years that gold, not tech, has held that title.

Compare that with the once-revered Magnificent Seven — Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, and Nvidia — which have seen steep drawdowns in 2025. Tesla leads the slump with a 38% drop, while Apple and Nvidia have both tumbled 21%. Regulatory headwinds, rising costs, and tariff uncertainty have weighed on investor sentiment across the sector, leaving room for gold to steal the spotlight.

The reasons behind gold’s surge are multifaceted. First, central bank demand remains at record levels, with nations diversifying away from dollar-denominated assets. Second, inflows into gold-backed ETFs have risen as both institutional and retail investors look for shelter amid geopolitical instability and a weakening US dollar. The backdrop of rising trade tensions — particularly the escalating tariff battle between the US and China — has further fueled safe-haven demand.

More than just a hedge against inflation, gold is now seen as a vote of no confidence in the current trajectory of US economic policy. The Bank of America survey found that 73% of fund managers believe “US exceptionalism” has peaked — a notable shift that helps explain the flow of capital out of American equities and into alternative stores of value like gold.

While retail investors often focus on the headline gold price, it’s worth noting the broader implications for capital markets — including small and micro-cap stocks. With capital rotating out of mega-cap tech and into inflation-resistant assets, small-cap gold miners and exploration companies could stand to benefit. These stocks, often overlooked in favor of more liquid plays, may now see increased institutional attention as gold continues to climb.

Investor sentiment is clearly shifting. Wall Street analysts have begun raising their price targets for gold, and some 42% of fund managers now say it will be the best-performing asset of 2025 — up from just 23% last month. As confidence in traditional market leaders continues to erode, gold’s appeal looks less like a trade and more like a trend.

Wesdome Gold Mines to Acquire Angus Gold in $40 Million Deal, Expanding Eagle River Footprint

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Wesdome expands Eagle River land package from 100 km² to 400 km², unifying exploration potential across multiple zones.
– Offer values Angus shares at a 59% premium with a significant cash component and equity in Wesdome.
– Wesdome plans to advance Angus’ exploration momentum with its resources, infrastructure, and capital strength.

Wesdome Gold Mines Ltd. has announced the acquisition of Angus Gold Inc. in a $40 million deal that significantly expands its land position surrounding the Eagle River mine in Northern Ontario. The transaction, structured as a court-approved plan of arrangement, will see Wesdome acquire all of the issued and outstanding shares of Angus that it does not already own, offering shareholders a combination of cash and Wesdome shares. The offer values Angus at $0.77 per share—comprised of $0.62 in cash and 0.0096 of a Wesdome common share—representing a 59% premium to Angus’ 20-day volume-weighted average price as of April 4, 2025.

The acquisition will consolidate Wesdome’s Eagle River property with Angus’ Golden Sky project, creating a contiguous 400 square kilometre land package in the Mishibishu Lake greenstone belt. Wesdome currently owns about 10.4% of Angus’ shares and 14.9% on a partially diluted basis, and has secured lock-up agreements from shareholders representing approximately 47% of Angus’ outstanding shares. This strategic move positions Wesdome to capitalize on the regional geology and existing infrastructure to unlock value from underexplored zones adjacent to its operating mine.

According to Wesdome CEO Anthea Bath, the acquisition is a “logical and strategic tuck-in” that supports the company’s regional growth strategy and long-term commitment to the Eagle River camp. She emphasized that the acquisition enhances Wesdome’s ability to unlock new discoveries through exploration and complements the company’s goal of optimizing mill capacity with feed from high-potential zones nearby. The move underscores Wesdome’s confidence in the long-term geological potential of the region and its desire to become a more dominant player in the Ontario and Québec gold sectors.

Angus has spent over $20 million on exploration at Golden Sky since 2020, completing more than 40,000 metres of drilling and identifying promising zones like the Eagle River Splay and Cameron Lake banded iron formation. These zones have already delivered high-grade intercepts, and Wesdome intends to focus exploration efforts there in 2025. With its robust balance sheet and existing infrastructure, Wesdome plans to accelerate exploration and development while leveraging stakeholder and Indigenous relationships in the area. The proximity to Wesdome’s existing mill and operational support is expected to reduce timelines and costs associated with bringing any new discoveries into production.

For Angus shareholders, the transaction delivers a compelling financial return and access to a more diversified and capitalized gold producer. In addition to the immediate cash component, shareholders will receive equity in Wesdome, offering continued exposure to the upside potential of the assets they helped advance. Angus CEO Breanne Beh called the deal a validation of her team’s work and a logical next step to realize the full value of the exploration investment made over the past five years.

The deal is subject to shareholder approval, court approval, regulatory clearances, and other customary closing conditions. A special meeting of Angus shareholders is expected to take place in June 2025, with the transaction expected to close in the second quarter. Legal advisors include Stikeman Elliott LLP for Wesdome, and Peterson McVicar LLP and Mason Law LLP for Angus and its Special Committee, respectively. Evans & Evans, Inc. provided a fairness opinion, concluding the offer is fair to Angus shareholders from a financial standpoint.

Gold Surges Past $3,100 as Market Braces for U.S. Tariffs

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold prices hit a record $3,128.06 per ounce, driven by geopolitical risks and economic uncertainty.
– Investors are bracing for new U.S. tariffs, which could further fuel safe-haven demand.
– Analysts expect gold to reach $3,300 per ounce by the end of 2025.

Gold prices have skyrocketed to record highs, surpassing $3,100 per ounce as a wave of economic and geopolitical uncertainty fuels demand for the precious metal. Spot gold hit a new all-time high of $3,128.06 on Monday, marking one of the most significant rallies in its history. The surge comes amid expectations of fresh U.S. tariffs, a shifting Federal Reserve policy, and persistent global tensions, all of which have reinforced gold’s role as a safe-haven asset.

The metal has posted 19 all-time highs in 2025, with seven exceeding the unprecedented $3,000 mark. Prices are up 18% this year, following a 27% surge in 2024. The sharp rise has been attributed to strong central bank purchases, heightened inflation concerns, and a growing shift toward gold-backed exchange-traded funds (ETFs). Analysts believe the rally has momentum, given the broader macroeconomic environment.

Investors are closely watching upcoming U.S. trade policy decisions. President Donald Trump is set to announce new reciprocal tariffs on April 2, with automobile tariffs following on April 3. The prospect of escalating trade tensions is further amplifying gold’s appeal as a hedge against economic instability. “Gold’s rally has been fueled by escalating geopolitical tensions, inflation concerns, and strong investor demand,” said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany. “Given the current macroeconomic environment—particularly trade war uncertainties and central bank policies—this trend appears sustainable in the near term.”

Geopolitical instability has played a crucial role in gold’s ascent. With ongoing hostilities in the Middle East and no clear resolution to the Russia-Ukraine conflict, safe-haven demand remains strong. Trump’s recent remarks regarding Russia, Iran, and even Greenland have further unsettled markets, driving additional inflows into gold. “Geopolitical uncertainty is high, and Trump’s weekend comments have only increased the global risk environment, enhancing gold’s appeal,” said Nikos Tzabouras, senior market analyst at Tradu.com.

The Federal Reserve’s monetary policy shift is also contributing to gold’s strength. The central bank cut interest rates by 50 basis points last September, and officials anticipate two more rate cuts by the end of 2025. A lower rate environment tends to weaken the U.S. dollar, making gold more attractive as an alternative store of value. Despite this, some analysts argue that central banks’ rising gold purchases are less about losing confidence in the dollar and more about diversification. “Whilst buying gold may reduce central banks’ overall exposure to the dollar, we don’t think this surge reflects a severe loss of confidence in the greenback,” analysts at Capital Economics noted. They predict gold will reach $3,300 per ounce by year-end.

Investor appetite for gold remains strong, with ETFs seeing their largest weekly inflows since March 2022. While North American ETFs have benefited, demand from European investors has also surged due to political uncertainties. With gold’s record-breaking rally showing no immediate signs of slowing, market participants continue to seek safety in the metal amid a turbulent economic landscape.

Waraba Gold to Acquire Stake in Somaco Global Resources in Ivory Coast

Posted on by slightbourne@noblecapitalmarkets.com
Key Points Summary:
– Waraba Gold is acquiring up to an 80% stake in Somaco Global Resources, gaining access to prospective gold and manganese licences in northern Ivory Coast.
– The deal involves a $500,000 initial payment, $1.5 million over two years, and $5 million in exploration commitments, alongside issuing six million common shares.
– Waraba has suspended operations in Mali due to security concerns but remains committed to resuming activities when conditions improve.

Canadian mineral exploration company Waraba Gold has entered into an earn-in agreement to acquire up to an 80% stake in Somaco Global Resources, a move that strengthens its footprint in the West African mining sector. Somaco Global holds two highly prospective gold licence applications in northern Ivory Coast, a region known for its rich mineral deposits. These include the Sirasso licence and the Tengrela & Tiegba licences, both located near existing gold mines and mineralized shear zones.

One of the most significant assets in this deal is the Sirasso licence, covering 369.34km² in the Senoufou greenstone belt, an area recognized for its high gold potential. This licence was previously held in a joint venture (JV) with Barrick Gold, one of the world’s leading gold producers. Historically, greenstone belts have yielded high-grade gold deposits, and the Senoufou belt is no exception. Waraba’s investment signals confidence in the region’s potential for large-scale gold discoveries.

In addition to Sirasso, Waraba Gold gains access to the Tengrela & Tiegba licences, which span a combined area of nearly 767km². These licences are not only prospective for gold but also manganese, a critical mineral in steel production and battery technologies. The proximity of these licences to existing gold mines further enhances their exploration potential.

Under the terms of the agreement, Waraba Gold will gradually acquire an 80% stake in Somaco Global Resources over four years. The investment involves an initial payment of $500,000 to Somaco’s shareholders within the next two months, an additional $1.5 million to be paid over a two-year period, exploration commitments totaling $5 million over the next four years, and the issuance of six million common shares to Somaco shareholders upon the signing of a definitive joint venture agreement.

To finance the initial commitments, Waraba Gold announced plans to raise up to $500,000 through non-convertible unsecured debentures. These funds will also provide general working capital for the company’s operations. In addition, Waraba Gold will appoint two Somaco nominees as directors, further integrating the companies and ensuring a strategic partnership moving forward.

Alongside the Ivory Coast expansion, Waraba Gold provided an update on its Mali operations, revealing that it has temporarily suspended activities at the Fokolore Gold Project due to security concerns. Despite setbacks, Waraba remains committed to the Malian mining sector, having submitted a letter of intent for a mining permit in June 2024. However, with ongoing political instability, the company is waiting for conditions to improve before resuming full-scale operations.

West Africa has emerged as one of the fastest-growing gold mining regions globally, attracting major industry players. However, political uncertainties in countries like Mali have raised concerns among investors. Recently, CEOs of leading gold mining companies stated that Mali’s new mining code requires adjustments to encourage further foreign investment. Regulatory changes will play a crucial role in shaping the future of the region’s mining industry.

Waraba Gold’s agreement with Somaco Global Resources marks a strategic expansion into the Ivory Coast, an increasingly important gold-producing nation. By securing access to high-potential licences, Waraba is positioning itself for long-term growth in the West African mining sector. With ongoing fundraising efforts and a commitment to exploration, Waraba Gold aims to unlock significant value from its new assets. However, challenges in Mali and broader market uncertainties may still impact the company’s overall trajectory in the coming years.

Gold’s Surge Revives Investor Interest in Mining Stocks

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold miners’ equity funds are seeing their largest net inflows in over a year as gold prices reach record highs.
– After years of cost struggles, major miners like Newmont and Barrick Gold are benefiting from increased profitability and stronger cash flows.
– Investors are turning back to mining stocks as a hedge against inflation and market uncertainty.

After months of outflows, investors are returning to gold mining stocks, buoyed by record-high gold prices that have improved the profit outlook for mining firms. With gold surpassing $3,000 an ounce this year—a gain of more than 15%—funds investing in gold miners saw their first net monthly inflow in six months this March, totaling $555.3 million, according to LSEG Lipper data.

While gold prices also climbed in 2024, gold miners faced mounting cost pressures from rising labor and fuel expenses, as well as regulatory setbacks like tax disputes in Mali and project delays in Canada. These challenges pushed many investors toward traditional gold funds instead of equities, leading to a net $4.6 billion outflow from gold miner-focused funds in 2024—the highest in a decade. Conversely, physical gold and gold derivative funds attracted $17.8 billion, the most in five years.

With rising gold prices boosting profitability, mining stocks are once again attracting investor interest. Leading companies like Newmont and Barrick Gold have recovered from last year’s declines, posting year-to-date gains of 27% and 21.5%, respectively. After facing cost pressures in recent years, gold mining firms are now in a stronger position to capitalize on higher gold prices, making them more appealing to investors.

The improved market conditions are prompting major gold miners to reward shareholders. Barrick Gold recently announced a $1 billion share buyback after reporting strong profits and doubling its free cash flow in Q4 2024. Similarly, AngloGold Ashanti declared a final dividend of 91 U.S. cents per share—nearly five times higher than the previous year—while Gold Fields hinted at a potential share buyback in 2025. Harmony Gold also revealed plans to self-fund the construction of a new copper mine in Australia.

With miners stabilizing operations and benefiting from higher gold prices, mining equities are increasingly viewed as an attractive investment. As market uncertainty and inflation persist, investors are showing renewed interest in gold mining stocks as a potential hedge and diversification strategy.

Given the miners’ historically low valuations, some analysts argue that gold mining stocks may present even better opportunities than gold itself. As confidence in gold miners grows alongside surging gold prices, these stocks may continue to attract investors seeking stability in an unpredictable market.

Smaller and junior gold mining companies stand to benefit significantly from this renewed investor interest in mining stocks. Unlike major miners, which already have strong cash flows and established operations, junior miners often struggle with financing new projects and navigating regulatory hurdles. However, with gold prices at record highs, investor appetite for higher-risk, high-reward opportunities may increase, providing these smaller companies with much-needed capital.

Higher gold prices also make previously unviable mining projects more attractive, allowing junior miners to push forward with exploration and development. Companies with promising gold reserves but lacking production capabilities may now find it easier to secure funding through equity offerings or partnerships with larger mining firms.

Additionally, with major miners focusing on share buybacks and dividends, they may look to acquire smaller mining companies to replenish their reserves, driving M&A activity in the sector. This could create lucrative exit opportunities for junior miners and early-stage investors.

Gold Hits Record Highs: What It Signals for Investors and the Economy

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold futures have surpassed $2,990 per ounce, with Wall Street forecasts predicting prices could reach $3,500 later this year.
– Geopolitical uncertainty, inflation concerns, and central bank purchases are fueling demand for the precious metal.
– Rising gold prices may signal investor caution, monetary policy shifts, and potential market volatility.

Gold has once again proven its status as a safe-haven asset, reaching new record highs as economic and geopolitical uncertainties continue to mount. The latest surge has pushed gold futures above $2,990 per ounce, with some analysts now predicting that prices could hit $3,500 by the third quarter of 2025.

A primary driver of gold’s rally has been increased geopolitical tensions and uncertainty surrounding global trade policies. The Trump administration’s latest tariff measures and ongoing shifts in international relations have created an environment of heightened risk, prompting investors to flock toward assets perceived as stable. Macquarie Group recently raised its gold price forecast, citing trade instability and inflationary pressures as key factors supporting higher prices. Similarly, BNP Paribas and Goldman Sachs have also adjusted their targets, expecting gold to trade above $3,100 an ounce in the near term.

Inflation expectations have played a significant role in gold’s rapid ascent. With the Federal Reserve facing ongoing pressure regarding interest rate policy, the release of softer inflation data has fueled speculation that the central bank may eventually cut rates to support economic growth. Historically, lower interest rates tend to weaken the U.S. dollar and make gold a more attractive investment, further fueling its rally. However, if inflation remains persistent, the Fed may be forced to maintain a more restrictive stance, potentially slowing gold’s upward momentum.

Another major factor driving gold’s price surge is continued central bank buying. Institutional investors and sovereign wealth funds have been stockpiling physical gold as a hedge against currency volatility and economic downturns. Reports indicate that significant amounts of gold have been shipped to vaults in New York in anticipation of potential trade restrictions and price disparities between London and U.S. markets. This surge in demand has tightened supply and contributed to rising prices.

Mark Reichman, research analyst for industrials and basic industries at Noble Capital Markets, highlighted the growing appeal of gold as a safe-haven investment. “Gold’s appeal as a safe-have asset has only grown stronger as investors fear an escalating trade war could trigger both inflation and an economic slowdown. Growing market volatility, along with anxiety associated with geopolitical tensions and the perception of chaotic policy execution in Washington and its attendant consequences, have all contributed to growing demand for gold as a hedge against uncertainty. While some of these catalysts could unwind over time, we think there are several underlying factors, including central bank buying, that could offer support for the gold price..”

The broader economic implications of gold’s record-breaking rally are worth considering. Historically, sharp increases in gold prices have often coincided with periods of financial instability or economic slowdowns. Investors tend to turn to gold during times of uncertainty, viewing it as a hedge against inflation, currency depreciation, and stock market volatility. If gold continues its upward trajectory, it could signal growing concerns over the stability of the global economy and financial markets.

For investors, the question now becomes whether gold’s rally is sustainable. While some analysts believe the precious metal still has room to run, others caution that the current surge could lead to increased volatility. If economic conditions stabilize, or if the Federal Reserve takes a more aggressive stance against inflation, gold prices could face downward pressure. On the other hand, if geopolitical risks escalate further, gold could remain a preferred asset for investors seeking protection against uncertainty.

As gold flirts with record highs, all eyes will be on central banks, inflation data, and geopolitical developments. Whether prices continue climbing or experience a pullback, gold’s performance will serve as an important barometer for global economic sentiment in the months ahead.

Release – Aurania Appoints VP Corporate Social Responsibility

Posted on by aweinsoff@channelchek.com

Research News and Market on AUIAF

February 25, 2025 7:00 AM EST | Source: Aurania Resources Ltd.

Toronto, Ontario–(Newsfile Corp. – February 25, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) is pleased to announce the appointment of Ms. Carolina Lasso as Vice President, Corporate Social Responsibility.

Carolina Lasso has 20 years of experience in corporate social responsibility, public policy, and strategic communications. She has led sustainable development initiatives for rural and vulnerable communities, strengthening public-private partnerships and international cooperation. In her role as Head of Corporate Social Responsibility and Government Relations at Aurania’s subsidiary company, Ecuasolidus, she has driven high impact CSR strategies, securing the social license to operate and fostering strong community and stakeholder engagement. She also served as Executive Director of the Step Forward Foundation since 2019, overseeing ninety-two development projects in education, health, water, and economic growth. Previously, she worked at the Ministry of Foreign Affairs of Colombia (2010-2017) where she managed border development programs across Colombia’s borders and oversaw the Amazon region, working with Indigenous communities, FARC reintegration efforts, and conflict-affected populations. Ms. Lasso developed post-conflict reintegration models and led initiatives benefiting seventy-seven municipalities. She is fluent in Spanish and English, with intermediate proficiency in French. Ms. Lasso holds a Bachelor’s Degree in International Relations, a Postgraduate Diploma in Peacebuilding and Armed Conflict Resolution, and a Master’s Degree in Political Science. This appointment is subject to approval by the TSX Venture Exchange.

“Carolina tackles tasks and challenges with creativity and determination, thinking outside of the box whilst building strong relationships along the way. She has been a driving force behind Aurania’s CSR efforts, always leading with purpose, determination, and vision,” stated Dr. Keith Barron, Chairman and CEO. “In her expanded role, Carolina will oversee and guide all of our CSR initiatives, ensuring that Aurania’s commitment to sustainability and community engagement continues to grow across all our operations.”

Pursuant to the Company’s Stock Option Plan, the Board of Directors has granted Ms. Lasso 20,000 Stock Options in the Company at an exercise price of C$0.37 each. The Options have a 5-year expiry term and shall vest as to one-third immediately, with an additional one-third vesting one year from their date of grant, and the final one-third vesting two years after their date of grant.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com		 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

info

SOURCE: Aurania Resources Ltd.

Gold Surges to Historic High as Economic Uncertainties Mount

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold hits record $2,817/oz amid dollar weakness and trade policy concerns
– Trump’s proposed tariffs spark renewed interest in safe-haven assets
– Federal Reserve adopts cautious stance on rate cuts amid policy uncertainty

Gold prices reached an unprecedented peak of $2,817 per ounce, marking a 1.4% surge amid growing economic uncertainties and a weakening dollar. The precious metal’s rally reflects mounting investor concerns over President Trump’s proposed tariff measures and their potential impact on global trade relations.

The rally comes as traders digest Trump’s latest announcement of potential 25% tariffs on Mexico and Canada, along with hints of broader levies that could exceed previous Treasury estimates. This policy uncertainty, coupled with a softer dollar following the European Central Bank’s rate decision, has intensified the appeal of gold as a safe-haven asset.

The Federal Reserve’s recent “wait-and-see” stance, articulated by Chair Jerome Powell during the year’s first FOMC meeting, has added another layer of complexity to the market dynamics. While holding interest rates steady, the Fed expressed caution about rushing into rate cuts, particularly given the uncertain impact of the new administration’s economic policies.

Market strategists, including Phil Streible of Blue Line Futures, point to growing concerns about stagflation – a combination of rising inflation and declining growth – as a key driver behind gold’s attractiveness. The precious metal historically performs well in such economic conditions, making it an increasingly appealing hedge for investors.

The rally has sparked a notable shift in precious metals markets, with U.S. prices for both gold and silver commanding premiums over international benchmarks. Dealers and traders are accelerating efforts to secure inventory ahead of potential tariff implementation, further driving up domestic prices.

Beyond immediate trade concerns, the precious metal’s appeal is bolstered by persistent worries over growing U.S. debt levels. Many analysts anticipate continued strength in gold prices throughout 2025, supported by central banks’ efforts to diversify reserves and reduce dollar dependency.

The latest surge represents a significant milestone in gold’s historical trajectory, surpassing the previous record set in October. This breakthrough is particularly notable as it comes during a period of relative economic strength, suggesting that investors are increasingly viewing gold as both a hedge against uncertainty and a strategic asset class in diversified portfolios.

The current gold market dynamics echo historical patterns of price appreciation during periods of significant policy shifts and economic uncertainty. Historical data shows that gold has typically performed strongly during periods of trade tensions and currency fluctuations, with the metal gaining an average of 15% during similar periods of policy uncertainty in the past two decades

Market watchers are particularly focused on the Saturday deadline for Mexican and Canadian tariffs, which could trigger further volatility in precious metals markets and potentially drive gold to new records as investors seek safety amid economic policy shifts.

Take a moment to look at emerging gold mining companies by taking a look at Noble Capital Markets Research Analyst Mark Reichman’s coverage list.

Maple Gold Mines (MGMLF) – Setting Up for an Eventful 2025

Posted on by slightbourne@noblecapitalmarkets.com


Monday, December 23, 2024

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Completion of the restructuring transaction. As expected, Maple Gold Mines recently completed its joint venture restructuring transaction with Agnico Eagle Mines Ltd. (NYSE, AEM). Maple has legal title to and a 100% ownership interest in the Douay Gold Project with gold mineral resources exceeding 3.0 million ounces and the past-producing, high-grade Joutel Gold Project. Both projects are located along the Casa Berardi-Douay Gold Trend in the renowned Abitibi Greenstone Gold Belt in Quebec, Canada.

Upcoming drilling program. Maple Gold’s fully funded drilling program is expected to commence shortly and run through March. The company is using a data-driven approach toward exploration that is focused on expanding the company’s gold mineral resource from approximately three million ounces to five million ounces across the combined Douay/Joutel projects, along with making new discoveries. An updated resource estimate and scoping study is expected to be completed within the next 12 to 18 months (Refer to our research note dated December 12 for more details).


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Probe Gold Expands its Monique Gold Deposit with Key Acquisition

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Probe Gold acquires Bermont Claims to extend Monique Deposit’s strike length by 750 meters, adding exploration potential.
– Historical drilling identified high-grade gold zones, including intercepts of up to 30.9 g/t gold over 1.6 meters.
– The acquisition expands surface mine infrastructure, facilitating operational efficiencies and reduced costs.

Probe Gold Inc. has announced the acquisition of the Bermont Claims property, strategically located adjacent to its Monique Gold Deposit in Val-d’Or, Quebec. This move is poised to extend the strike length of the Monique Deposit by 750 meters, offering significant opportunities for resource expansion and exploration. The transaction aligns with Probe Gold’s commitment to maximizing the potential of its Novador Development Project and advancing high-quality gold resources.

The newly acquired property spans ten contiguous claims and adds critical exploration upside. Historical drilling has identified high-grade gold zones, including the Bermont and Adelemont zones, which remain open laterally and at depth. Despite limited exploration, previous results from the property demonstrate promising grades, such as 30.9 g/t gold over 1.6 meters and 5.7 g/t gold over 3.2 meters. Probe Gold plans to incorporate this land into its 2025 exploration and resource expansion programs, focusing on uncovering additional high-grade mineralization.

David Palmer, President and CEO of Probe Gold, emphasized the strategic value of this acquisition. “This new land enhances our Monique Deposit by increasing exploration potential by 30%, while also offering critical space for surface mine infrastructure,” Palmer stated. He further highlighted the acquisition’s potential to unlock new high-grade discoveries and contribute to an even more robust Novador Development Project.

The transaction includes an upfront payment of $3 million, split evenly between cash and common shares of Probe Gold. Additionally, a $1.5 million milestone payment, in cash or shares, will be made upon confirming a resource of at least 1 million ounces of gold on the property. Jadmine, the seller, will retain a 3.5% net smelter return royalty, of which 2.5% can be purchased by Probe Gold for $2.5 million.

The Bermont Claims property complements the Monique Deposit, which currently hosts 3.56 million ounces of measured and indicated resources and 677,300 ounces of inferred resources. Geological similarities between the Bermont Claims and Monique Deposit strengthen the potential for integrating new discoveries into Probe’s existing operations. Moreover, the property’s expanded surface area is expected to facilitate mine design improvements, reducing costs and increasing operational efficiency.

Since 2016, Probe Gold has been consolidating its position in the Val-d’Or mining district, known for its prolific gold production and mining-friendly environment. The Novador Development Project, which hosts four past-producing mines and accounts for 80% of the company’s gold resources, is central to Probe Gold’s strategy. This acquisition aligns with the company’s focus on advancing resource-rich properties in politically stable and low-cost regions.

The deal is expected to close in the coming weeks, subject to regulatory approvals and customary closing conditions. With an aggressive exploration plan set for 2025, Probe Gold aims to leverage this acquisition to enhance its production profile and create long-term value for shareholders.

As the Monique Deposit grows in scope and potential, Probe Gold solidifies its position as a leader in the Canadian gold mining industry, driving forward with a vision for sustainable growth and innovation.