Gold Prices Wobble, but Mining Stocks Are Delivering Game-Changing Updates

Issued on behalf of Yukon Metals Corp.

VANCOUVER – USA News Group – With a regime change in the United States just months away, analysts remain divided on the outlook for gold prices as December approaches. Persistent inflation and cracks in China’s struggling economy have fueled optimism among investors, who believe the current gold climate is unlikely to falter. As speculation grows around Donald Trump’s potential second term, experts predict his presidency could ignite a surge in gold prices, potentially reaching new all-time highs. Despite this backdrop, mining stocks are trading at lower levels even as companies report record profits, presenting what many are calling a contrarian investor’s dream. Notable names in the sector have been making progress in the sector, such as Yukon Metals Corp. (CNSX:YMC.CN) (OTC-BB:YMMCF), i-80 Gold Corp. (NYSE-American:IAUX) (TSX:IAU.TO), McEwen Mining Inc. (NYSE:MUX) (TSX:MUX.TO), Wesdome Gold Mines Ltd. (TSX:WDO.TO) (OTCQX:WDOFF), and Royal Gold, Inc. (NASDAQ:RGLD).

The article continued: Adding to the bullish case, UBS Group AG recently joined Goldman Sachs in projecting gold’s rally to continue, with UBS forecasting prices to hit $2,900 per ounce by 2025 and Goldman reaffirming its $3,000 target for the same year. From a mining perspective, a report by DATA INTELO anticipates the global gold mining market will grow 3.5% annually through 2032, reaching $274.2 billion, underscoring the sector’s strong growth potential.

Yukon Metals Reports Large Gravity Anomalies That Align with Bonanza-Grade Gold and Silver and Strong Electro Magnetic Anomalies at Star River

Yukon Metals Corp. (CNSX:YMC.CN) (OTC-BB:YMMCF), a well-financed mining exploration company, recently provided compelling results from gravimetric geophysical fieldwork on its road-accessible Star River Project located near Ross River, Yukon. This exploration work identified dense mineral-rich zones, including two 800-meter-long anomalies strongly aligned with electromagnetic data. Gravity anomalies linked to high-grade 2024 rock-chip samples and new targets in underexplored areas highlight the Star Rive Project property’s exceptional gold and silver potential.

“We are very excited to have developed such compelling targets for a substantial drill program at Star River,” said Rory Quinn, President and CEO of Yukon Metals. “The company invested in multiple tools to triangulate its absolute highest priority drill targets.”

In simpler terms, the survey found two large, continuous zones in the southern part of the property that match areas previously flagged as highly conductive, indicating the potential presence of valuable minerals. In the northern area, the survey uncovered several high-density zones linked to past discoveries, including one particularly promising spot near the Key 35 site.

“The 800-meter-long gravity anomaly at F2, overlapped with a powerful electromagnetic anomaly at SR-3… is supported by surface samples of up to 101 g/t gold, and multiple samples of over 1,000 g/t silver,” added Quinn. “This will be the focus of our first drilling at Star River. Star River is a target rich environment. In the south we have an underexplored parallel 800-meter-long anomaly, and in the north, we have multiple additional targets featuring bonanza grade silver of 10,936 g/t in addition to multiple samples of over 1000 g/t silver.”

The gravity survey revealed areas that are likely rich in gold and silver, matching up with previous findings. It also uncovered new, unexplored spots across the property, opening up more opportunities for discoveries and showing just how much potential this area has for valuable mineral deposits.

In September 2024, experts at Aurora Geosciences used advanced tools to map the underground potential of the Star River property. They focused on a key southern area, carefully studying a 3-kilometer by 4-kilometer section to pinpoint the best spots for future drilling. By combining two methods—gravity surveys to detect dense mineral zones and electromagnetic surveys to highlight conductive materials—they created a detailed picture of where gold and silver might be found. These results, along with rock sample studies, are helping the team identify high-potential targets for the next phase of exploration.

Recent surveys at the Star River Project have identified several promising areas for gold and silver exploration, particularly in the southern block where two large gravity anomalies (SR-3 and SR-4) align closely with electromagnetic data. These anomalies, often linked to high concentrations of valuable minerals, are further validated by 2024 rock-chip samples showing elevated gold and silver values. While some areas, like SR-1 and SR-2, require further exploration to confirm their potential, the findings so far highlight strong targets for future drilling campaigns.

In the northern block, gravity surveys uncovered additional high-priority targets tied to historical mineral showings. A standout result includes an anomaly near a sample containing an exceptional 10,936 g/t silver, along with a promising gravity high at Key 35, where samples revealed gold-rich pyrite veins. Fully owned by Yukon Metals, the Star River Project benefits from year-round road access and a history of mineral discoveries, positioning it as a compelling opportunity for investors seeking exposure to gold and silver exploration.

CONTINUED… Read this and more news for Yukon Metals Corp. at: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/

In other recent industry developments and happenings in the market include:

i-80 Gold Corp. (NYSE-American:IAUX) (TSX:IAU.TO), a mining company exploring, developing, and producing gold, silver, and polymetallic deposits in the USA, recently reported its operating and financial results for Q3 2024. Over the quarter, i-80’s new leadership adopted a development plan focused on generating free cash flow and advancing five key gold deposits, including three underground mines and two large open-pit oxide deposits, Granite Creek and Mineral Point.

"The quality of the asset base, location and strength of the team made the decision to join i-80 Gold an easy one,” said Richard Young, President and CEO of i-80 Gold. “We are all very excited by the prospect of developing i-80 Gold into a Nevada focused mid-tier gold producer by the early 2030's. The new development plan envisions us ramping up, permitting and building five gold mines through the balance of the decade. The team is well advanced on finding financing solutions to fund our new development plan.”

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX.TO), an international gold and silver mining company with deposits in the USA, Canada, Mexico, and Argentina, recently provided new assay results from its Grey Fox deposit in the Timmins region of Ontario, Canada. Recent drilling at Whiskey Jack returned high-grade results of 10.2 g/t gold over 11.1 meters, with geological studies highlighting similarities between the Grey Fox Deposit and the world-class Hishikari Gold Mine.

“Our investment in exploration at Grey Fox, in the southern portion of the Black Fox property, is generating an exciting future for two specific reasons,” said Rob McEwen, Chairman and Chief Owner of McEwen Mining. “Firstly, our team is focused on drilling to add gold ounces into our production pipeline. Secondly, we are impressed by the depth potential. There are two styles of gold mineralization, epithermal veining and orogenic lenses, both gold-rich at the top of the systems. Based on our past and recent drilling, it appears that the Fox Complex has the opportunity to expand its production profile, and the depth potential is still wide open.”

With potential for stacked gold-bearing veins and an updated resource estimate for the Fox Complex expected in Q1 2025, the project demonstrates strong potential for additional orogenic gold mineralization, similar to the historic 1-million-ounce Black Fox Mine.

Wesdome Gold Mines Ltd. (TSX:WDO.TO) (OTCQX:WDOFF), a Canadian-focused gold producer with two high-grade underground assets, recently provided an update on the underground and surface exploration programs at its 100%-owned Kiena Mina in Val-d’Or, Québec. Recent drilling at Kiena Deep and its extensions continued to confirm high-grade gold mineralization, including standout intercepts such as 218.9 g/t gold over 22.1 meters and 84.3 g/t gold over 5.0 meters, highlighting strong resource potential. Additional zones, including Presqu’île, Dubuisson, and Wish, revealed visible gold and promising grades up to 93.0 g/t, while infill and exploration drilling further solidified the continuity and growth potential of this gold-rich system.

“This year’s exploration budget for Kiena of over $20 million covered surface and underground expansion, infill and delineation drilling totaling more than 70,000 metres,” said Anthea Bath, President and CEO of Wesdome. “This robust program has yielded impressive results across various zones at Kiena, underscoring its prospectivity and long-term potential. These latest drill results support both our fill the mill and two-mine structure initiatives, where high-grade production from Kiena Deep leverages existing shaft infrastructure, supplemented by near-surface feed transported from the 33-level via the Presqu’île ramp.”

Royal Gold, Inc. (NASDAQ:RGLD), an internationally mining focused company that manages precious metals streams, royalties, and related interests together with its subsidiaries, recently reported its Q3 2024 results, which included record revenue, significant increases in operating cash flow and earnings, and a debt-free balance sheet. In the quarter, Royal Gold achieved record revenue of $193.8 million, up 40% year-over-year, with $96.2 million in earnings—a 95% increase—while maintaining an impressive 81% adjusted EBITDA margin. Highlights include paying down $50 million in debt to reach zero total debt, boosting liquidity to $1.1 billion, and recognizing first royalty revenue from the newly-operational Côté Gold and Manh Choh mines.

"The third quarter of 2024 was another excellent quarter for Royal Gold, and our results demonstrate the leverage our business provides to a strong and rising gold price," commented Bill Heissenbuttel, President and CEO of Royal Gold. "Solid portfolio performance underpinned our exposure to record gold prices during the quarter, and while the gold price increased 28% from the prior year, over the same period we recognized much higher increases of 40% to revenue and 46% to adjusted EBITDA. Our low and stable G&A expense insulates us from direct exposure to inflationary cost pressures and we maintained our very healthy margins with full exposure to the rising gold price over the quarter."

Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/

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