Gold

Upside Gold Corp. (CSE: UG) is advancing its Kena Gold-Copper Project in British Columbia following its January 2026 listing. CEO Sophy Cesar outlined plans to complete a 5,000-metre drill program this year, with results expected in September. The project hosts a 3.31 million ounce historical gold resource, which the company aims to upgrade to NI 43-101 standards by year-end. Upside Gold is also evaluating silver and copper contributions, which could expand the overall resource. The company is working with a lean team and existing infrastructure to advance the project in a cost-conscious manner. [more]

EDM Resources Inc. is advancing plans to restart the Scotia Mine in Nova Scotia, a past-producing zinc-lead operation with existing infrastructure. CEO Mark Haywood highlighted new revenue streams, including gypsum, gold, and silver, alongside core zinc and lead production. A new prefeasibility study is expected in 2026, while the company moves through final permitting with a Fisheries Act application. EDM is also pursuing an OTCQB listing to expand investor access. With improving commodity prices across its metals and by-products, the Scotia Mine is positioned as a near-term restart opportunity with multiple catalysts ahead. [more]

At PDAC 2026, Glenn Mullan of Val D’Or Mining discussed the company’s exploration strategy and partnership model. Val D’Or Mining focuses on grassroots exploration in Quebec and Ontario and then options projects to partners who fund drilling. Eldorado Gold is the company’s main partner and is advancing multiple properties across the Abitibi region. Mullan also pointed to additional drilling activity from Kirkland Lake Discoveries and Juno Corp. The goal is to generate discoveries while building a portfolio of royalties from early-stage projects. This approach has roots in Mullan’s earlier companies, including Golden Valley Mines and Abitibi Royalties. [more]

At PDAC 2026, Robert Boyd of Endurance Gold outlined recent progress at the Reliance Gold Project in British Columbia. The company recently reported an inaugural inferred resource totaling 1.45 million ounces of gold and plans additional drilling to expand the system. An $8 million financing is expected to fund exploration, including step-out drilling and new target testing across the property. Several undrilled targets show encouraging geochemical signatures and strong gold values. The project sits near the historic Bralorne mining camp and continues to build momentum as the company advances drilling, metallurgical work, and early economic studies. [more]

We have published a new Update Report on Silver Bullet Mines Corp. (TSXV: SBMI | OTC: SBMCF). The Company is advancing a dual revenue model combining mill concentrate operations in Arizona with a direct ship ore agreement also covering its Arizona assets, and Idaho upside with a planned bulk sample. Based on projected sustainable run-rate cash flow and a discounted 7.0x multiple relative to peers, we are maintaining our Speculative Buy rating and increasing our one-year target price to $0.70. The valuation reflects early-stage but improving operational momentum while acknowledging execution, liquidity, and grade sustainability risks. The report provides detailed financial analysis, valuation methodology, and discussion of key operational catalysts. [more]

Written by Edward G. Thompson, this article reflects on more than six decades in the gold mining industry and the evolution of gold price cycles. Beginning in the fixed-price era of the 1950s, Thompson traces how inflation, financial crises, and geopolitical shifts reshaped gold’s role across multiple market regimes. The narrative moves through the 1970s bull market, the post-financial crisis recovery, and the structurally driven rally of the 2020s. Drawing on firsthand experience with discoveries, financing cycles, and investor behavior, the article concludes that gold itself does not change. Instead, the world around it does, redefining gold’s role from speculative asset to strategic reserve. [more]

We have written a 23-page Update Report on Silver Bullet Mines Corp. (“SBMI” or “the Company”) (TSXV: SBMI | OTC: SBMCF), a Canadian-based precious metals exploration and development company operating in Arizona and Idaho. The company has transitioned from development to commercial production, completing its first concentrate sales in 2025 from the King Tut gold mine and Super Champ silver mine. With three active projects and a fully operational mill in Globe, Arizona, SBMI is advancing toward multi-asset production. We maintained a Speculative Buy rating but increased our one-year price target to $0.40, based on forward cash flow estimates from the company’s three active mining operations. [more]

Torex Gold Resources has agreed to acquire Prime Mining in an all-share transaction valued at approximately $449 million. The transaction implies an enterprise value of roughly US$322 million and values Prime at about US$108 per gold equivalent ounce based on total Indicated and Inferred resources of approximately 3.0 million ounces. Prime shareholders will receive 0.060 Torex shares per share held and will own about 10.7 percent of Torex following closing. The acquisition adds the Los Reyes gold-silver project in Mexico to Torex’s development pipeline and increases its silver exposure. [more]