Gold’s Hold Near $4,000 Fuels Capital Deployment Across Mining Value Chain

Issued on behalf of Rush Gold Corp.

VANCOUVER – Baystreet.ca News Commentary – With gold still holding near $4,000 per ounce^[1], companies across the precious metals sector are accelerating strategic initiatives, from advancing Nevada exploration targets to structuring billion-dollar consolidations that position North American producers for enhanced margins and production scale. The elevated price environment has activated capital flows throughout the mining lifecycle, enabling early-stage explorers to advance technical work while established producers pursue transformative acquisitions and streaming companies deploy development financing. Five companies demonstrating this sector-wide momentum include Rush Gold Corp. (CNSX:RGN.CN) (FSE:B6H), Coeur Mining, Inc. (NYSE:CDE), New Gold Inc. (NYSE-American:NGD) (TSX:NGD.TO), Rio2 Limited (TSX:RIO.TO), and Wheaton Precious Metals (NYSE:WPM) (TSX:WPM.TO).

Major financial institutions project gold reaching $4,400 by end-2026^[2], with some analysts targeting $5,000 as central bank buying and monetary policy shifts sustain structural demand. These forecasts are driving record investment into mining equities^[3], with exploration-stage companies securing funding for drill programs, development projects finalizing construction capital, and producing miners executing strategic combinations that leverage operational synergies and geographic diversification across tier-one jurisdictions where infrastructure and regulatory frameworks support efficient operations.

Rush Gold Corp. (CNSX:RGN.CN) (FSE:B6H) has made significant progress during its early months as a public company, with recent work identifying high-grade silver targets at its Legal Tender Property while advancing its flagship Skylight asset in Nevada's Republic Mining District.

"The Legal Tender Property hosts a number of small-scale, historic, high-grade silver past producers," said Anthony Zelen, CEO of Rush Gold. "The presence of multiple vein systems over a combined strike length of 1.65 kilometres has identified several priority targets for follow-up exploration on a property with no record of prior diamond drilling. We look forward to advancing these targets through additional ground exploration in conjunction with work on our nearby Skylight Property."

The Vancouver-based company is developing two neighboring properties in Nye County's Republic Mining District, a region recognized for high-grade silver production in the early 20th century that saw limited exploration using modern methods. Both assets lie within Nevada's Walker Lane structural trend, which attracted renewed attention following [the discovery of more than 16 million ounces of gold near Beatty.

Legal Tender, situated five kilometers north of Skylight, features northeast and northwest vein trends spanning 1.65 kilometers with parallel vein systems. Historical mining activities targeted these veins through 19 vertical and inclined shafts, particularly at the Black Butte, Hyland, and Faris mines. Silver Range Resources conducted a 2016 sampling program that returned high-grade results, including 1,875 grams per tonne silver and 3.04 grams per tonne gold, with samples averaging 178 grams per tonne silver and 0.25 grams per tonne gold.

Skylight, the company's principal asset, covers 330 acres over what geological experts identify as an intact epithermal gold-silver system. This type of geological environment forms when heated fluids deposit precious metals underground, with the valuable mineralization remaining preserved beneath the surface. During the 2000s, Newmont Mining partnered with Rimfire Minerals Corporation to evaluate these claims, classifying them among their highest exploration priorities.

Initial drilling by the partnership intersected gold mineralization in half their holes, recording 10.67 meters at 0.49 grams per tonne gold, though the main zone beneath an intact silica cap has received limited testing. ASTER satellite analysis has outlined a 1.2-kilometer alteration zone at Skylight, consistent with the broad geochemical footprint characteristic of major epithermal deposits across Nevada.

Similar spectral anomalies at both properties suggest they may be part of the same extensive hydrothermal system. The silica cap rocks at Skylight and high-grade silver veins at Legal Tender point to mineralization occurring at different depths within that system.

"Following the spectacular discovery of over 16 million ounces of gold near Beatty, exploration activity along Walker Lane has accelerated significantly," said Zelen. "We feel Rush Gold is strategically positioned within a highly prospective exploration corridor."

Walker Lane remains a focus for substantial exploration investment. Blackrock Silver has delineated significant silver deposits at Tonopah to the south, while Fortitude Gold advances its County Line Project directly north of Rush Gold's properties, with numerous other companies staking claims and initiating programs throughout the region.

After completing an expanded private placement totaling $500,000, Rush Gold has established funding for its planned exploration work. Near-term priorities include refining targets based on ASTER imaging and 3D geophysical surveys at Skylight, plus assessment of Legal Tender's historical mine sites. The company follows a staged exploration approach designed for capital efficiency.

With gold continuing to trade above $4,000 per ounce, exploration projects in proven districts with strong technical indicators are attracting heightened attention. Lower-grade material once considered uneconomic may now approach profitability thresholds at current metal prices. Nevada maintains its position among the world's top mining jurisdictions according to the Fraser Institute, offering established infrastructure and favorable regulatory conditions.

Rush Gold commenced trading on the CSE June 23, 2025, raising $450,000 through its IPO at $0.10 per share. The company also maintains a Frankfurt Stock Exchange listing under ticker B6H, providing access to both North American and European capital markets while advancing exploration work at its Nevada properties.

CONTINUED… Read this and more news for Rush Gold Corp. at:

https://usanewsgroup.com/2025/09/30/the-nevada-gold-story-hiding-in-plain-sight/

In other industry developments and happenings in the market include:

Coeur Mining, Inc. (NYSE:CDE) has agreed to acquire New Gold Inc. (NYSE-American:NGD) (TSX:NGD.TO) in an all-share transaction, creating a new all-North American senior precious metals producer with an estimated 2026 output of 900,000 ounces of gold, 20 million ounces of silver, and $2 billion in free cash flow. The deal values New Gold at $7 billion and brings Coeur’s total expected EBITDA for 2026 to $3 billion, up from $1 billion projected in 2025.

"This transaction provides clear and compelling benefits for New Gold and Coeur shareholders by bringing together two companies with similar cultures to create a stronger, more resilient, and larger scale precious metals mining company," said Mitchell J. Krebs, CEO of Coeur Mining. "We believe this is an extraordinary opportunity to create an unrivaled North American-only, mining powerhouse at just the right time. With the addition of New Gold’s two Canadian operations to our five current operating mines, we expect to generate approximately $3 billion of EBITDA and approximately $2 billion of free cash flow in 2026 at significantly lower overall costs and higher margins."

The combined company will operate seven North American assets with a market cap around $20 billion and enhanced index inclusion potential. Exploration and expansion across the portfolio—including New Afton’s K-Zone and Coeur’s Silvertip project—are expected to be accelerated using the robust, free-cash-generating platform.

Rio2 Limited (TSX:RIO.TO) recently received the final US$50 million tranche from Wheaton Precious Metals (NYSE:WPM) (TSX:WPM.TO) under a US$125 million precious metals purchase agreement to fund construction of its Fenix Gold Project in Chile. The Fenix Gold Project hosts 4.8 million ounces of Measured and Indicated gold resources and is positioned as one of the largest undeveloped oxide heap leach projects in the Americas.

With total initial and sustaining capital of US$235 million, the project is expected to generate jobs for 1,200 during construction and 550 during operations over a 17-year mine life. The capital infusion from Wheaton Precious Metals enables Rio2 to advance toward production with a staged, environmentally responsible development plan.

Article Source: https://usanewsgroup.com/2025/09/30/the-nevada-gold-story-hiding-in-plain-sight/

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SOURCES CITED:

1. https://fortune.com/article/current-price-of-gold-11-03-2025/

2. https://www.morganstanley.com/insights/articles/gold-price-forecast-rally-into-2026