Bullion Blog

Not all silver is the same. A coin, a bar, a ring, and a set of cutlery can each be stamped with a different number (999, 958, 925, 900, or 800) and that number represents the piece’s silver purity: how much of it is actually silver, and how much is something else. This guide covers

<p><span style="font-weight: 400;">In a recent Money Metals Podcast interview, host Mike Maharrey spoke with </span><a href="https://www.google.com/search?q=Brien+F.+Lundin&amp;amp;biw=1728&amp;bih=962&amp;sca_esv=8366ebc584332cb8&amp;sxsrf=APpeQnti_RQuwPms3f2Zs4MnGn5LQcNSIA%3A1788545677840&amp;ei=jQqbavzpMvfKp84P9_O24QU&amp;ved=2ahUKEwi85Kruw9WWAxV35ckDHfe5LVwQ4dUDegQIBhAM&amp;uact=5&amp;oq=Brien+F.+Lundin&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiD0JyaWVuIEYuIEx1bmRpbjIFECEYoAEyBRAhGKABMgUQIRigAUjgN1DZBVjqJnABeACQAQCYAYABoAGsBaoBAzQuM7gBA8gBAPgBAZgCCKACyQXCAgsQABiABBiiBBiwA8ICCBAAGO8FGLADwgIFEAAY7wXCAggQABiABBiiBMICBBAAGB7CAggQABgIGAcYHsICBxAAGIAEGA3CAgYQABgeGA3CAggQABgFGB4YDZgDAIgGAZAGBZIHAzQuNKAH0xqyBwMzLjS4B8cFwgcFMS41LjLIBxCACAE&amp;sclient=gws-wiz-serp" target="_blank" rel="noopener"><span style="font-weight: 400;">Brien Lundin</span></a><span style="font-weight: 400;">, editor of </span><i><span style="font-weight: 400;">The Gold Newsletter</span></i><span style="font-weight: 400;"> and CEO of the New Orleans Investment Conference, about the outlook for gold and silver amid swelling federal debt, rising Treasury yields, Federal

<p><span style="font-weight: 400;">In a recent Money Metals Podcast interview, host Mike Maharrey spoke with </span><a href="https://www.google.com/search?q=Brien+F.+Lundin&amp;amp;biw=1728&amp;bih=962&amp;sca_esv=8366ebc584332cb8&amp;sxsrf=APpeQnti_RQuwPms3f2Zs4MnGn5LQcNSIA%3A1788545677840&amp;ei=jQqbavzpMvfKp84P9_O24QU&amp;ved=2ahUKEwi85Kruw9WWAxV35ckDHfe5LVwQ4dUDegQIBhAM&amp;uact=5&amp;oq=Brien+F.+Lundin&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiD0JyaWVuIEYuIEx1bmRpbjIFECEYoAEyBRAhGKABMgUQIRigAUjgN1DZBVjqJnABeACQAQCYAYABoAGsBaoBAzQuM7gBA8gBAPgBAZgCCKACyQXCAgsQABiABBiiBBiwA8ICCBAAGO8FGLADwgIFEAAY7wXCAggQABiABBiiBMICBBAAGB7CAggQABgIGAcYHsICBxAAGIAEGA3CAgYQABgeGA3CAggQABgFGB4YDZgDAIgGAZAGBZIHAzQuNKAH0xqyBwMzLjS4B8cFwgcFMS41LjLIBxCACAE&amp;sclient=gws-wiz-serp" target="_blank" rel="noopener"><span style="font-weight: 400;">Brien Lundin</span></a><span style="font-weight: 400;">, editor of </span><i><span style="font-weight: 400;">The Gold Newsletter</span></i><span style="font-weight: 400;"> and CEO of the New Orleans Investment Conference, about the outlook for gold and silver amid swelling federal debt, rising Treasury yields, Federal

“How central banks, Sovereign Wealth Funds, and Asian investors are rediscovering what they always knew about the world’s oldest monetary asset” 1. A Rediscovery of Gold, Not a Rally In the second quarter of 2026, central banks bought a combined 289 tonnes of gold, the highest on record for any second quarter, and a 62%

Frequently Asked Questions What agreement did First Mining Gold sign for the Springpole Gold Project? First Mining Gold entered into a Springpole project consultation and benefits agreement with Cat Lake First Nation and Lac Seul First Nation. The definitive agreement covers the project’s construction, operations and closure and includes provisions addressing environmental stewardship, employment, training,

BacTech Environmental Corp. (BAC:CSE; BCCEF:OTCQB; 0BT1:FSE) has signed a technical consulting and testing agreement with Di-As Company Ltd. to assess how its proprietary Bacox bioleaching technology might apply to historic tailings in the Zyryanovsk district (now Altay City) of East Kazakhstan, according to a September 1 release. Di-As will fund the work, which runs in

Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) reported that it had completed three diamond drill holes and started a fourth at its 100%-owned Justin gold-tungsten project in southeastern Yukon Territory as part of its fully financed 2026 drill program. As of the August 30, 2026, daily field report, Aben had completed 766 meters of diamond drilling over

Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) delivered first-pass trenching results that included 52 meters grading 0.71 g/t gold, with a higher-grade interval of 19 meters at 1.51 g/t gold, according to a recent press release. These intercepts from the Lewis North trend at the Todi Gold Project in Liberia establish a second parallel gold-in-soil anomaly

Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE) has reported progress on early works at its wholly owned Imwelo gold project in Tanzania’s Geita region, with initial repairs completed along the Katoro-to-Imwelo access road, site clearing and earthworks advancing across key infrastructure areas, and the construction camp nearing completion, according to a September 3 release. The

West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE) reported improved second-quarter 2026 operating and financial results from the Madsen Mine in Ontario’s Red Lake mining district, with gold production increasing 51% from the first quarter and all-in sustaining costs declining 30%. West Red Lake Gold Mines posted a sharp rise in gold output during

BacTech Environmental Corp. (BAC:CSE; BCCEF:OTCQB; 0BT1:FSE) has signed a technical consulting and testing agreement with Di-As Company Ltd. to assess how its proprietary Bacox bioleaching technology might apply to historic tailings in the Zyryanovsk district (now Altay City) of East Kazakhstan, according to a September 1 release. The three-stage program is fully funded by Di-As

ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) has started its 2026 surface diamond drilling program at the Montauban Project, located approximately 120 kilometers west of Quebec City, Quebec. The campaign includes roughly 5,000 meters across 29 holes focused on the historic Montauban mine area. This marks the shift from modeling to physical testing at a time when

Canada’s mining sector faces a quantified labor crunch of 246,000 hires needed through 2035 under baseline conditions, according to MiHR’s 2026 Canadian Mining Labor Market Outlook. This number drops to 161,000 in a contraction scenario and rises to 329,000 in an expansion case. The figure signals immediate pressure because only 14 percent represents net new

Aben Gold Corp. (ABM:TSXV; ABNAF:OTCQB) has completed 766 meters of diamond drilling across three holes at its 100%-owned Justin gold-tungsten project in southeastern Yukon Territory, with a fourth hole now underway as part of a fully financed 2026 campaign. The quantified progress comes at a time when tungsten prices have surged more than 300 percent

View Important Disclosures for this Article Close Important Disclosures: Disclosures for Atrium Research, ESGold Corp., September 3, 2026   Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all

Key Takeaways Zodiac Gold intersected 52 meters at 0.71 g/t gold, including 19 meters at 1.51 g/t, at Lewis North. Trenching confirmed a second 1.8-km gold-in-soil trend parallel to the Lewis South mineralized trend at the Todi Gold Project. The Lewis North results expand the near-surface gold exploration potential along the 16-km

Bullfrog Gold Corp.’s (FROG:TSXV; BFROF:OTCQX) common shares have begun trading on the OTCQX Venture Market under the symbol BFROF, giving U.S. investors greater access and visibility, according to a September 2 release. The company’s shares will remain listed on the TSX Venture Exchange under the symbol FROG. The OTCQX Venture Market serves early-stage and growing

First Mining Gold Corp. (FF:TSX; FFMGF:OTCQX; FMG:FRA) has taken a major step forward with a definitive project agreement that supports construction, operations, and closure at its Springpole Gold Project in Northwestern Ontario. The new agreement provides a clear path for environmental stewardship, training programs, employment priorities, business contracts, and financial participation for Cat Lake First

Key Takeaways Hole 26MN-115 returned 3.02 g/t Au (gold) over 48.92 m (meters) at Goldwedge, including a rich section of 19.29 g/t Au over 5.24 m. Hole 26MN-118 intersected 1.19 g/t Au over 99.94 m, highlighting a long, continuous mineralized interval within the Goldwedge zone. Hole 26MN-116 stepped out about 50 m

ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) commenced its 2026 surface diamond drilling program at the Montauban Project, located approximately 120 kilometers west of Québec City, Québec. The program consists of approximately 5,000 meters of surface diamond drilling across 29 proposed drill holes, with the principal focus on the historic Montauban mine area. Forage Lamontagne was selected

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up in a moment, we have an exclusive interview with Brien Lundin, editor of the Gold Newsletter and the CEO of the renowned New Orleans Investment Conference. Brien offers his tremendous insights into the current state of the gold market and warns investors who

<p>This is the perfect story that contrasts the value of real money &ndash; gold and silver &ndash; with the paper stuff your government tries to pass off as money.</p> <p>A Dutch homeowner digging in his backyard found more than 40 pounds of 1,000-year-old silver. Meanwhile, piles of cash stashed in fields and stuffed into walls

<p>Despite some analysts claiming it&rsquo;s a relic of the past, a recent study found <a href="https://www.moneymetals.com/news/2026/07/18/gold-silver-ratio-widening-again-indicating-bullish-setup-for-silver-005080&quot;>the gold-silver ratio</a> remains a relevant technical indicator and is still useful for forecasting the silver market's trajectory.</p> <p>The study was featured in the latest edition of the Silver Institute&rsquo;s <em>Silver News</em> report, along with reports covering recent advances in

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up in a moment, we have an exclusive interview with Brien Lundin, editor of the Gold Newsletter and the CEO of the renowned New Orleans Investment Conference. Brien offers his tremendous insights into the current state of the gold market and warns investors who

<p>This is the perfect story that contrasts the value of real money &ndash; gold and silver &ndash; with the paper stuff your government tries to pass off as money.</p> <p>A Dutch homeowner digging in his backyard found more than 40 pounds of 1,000-year-old silver. Meanwhile, piles of cash stashed in fields and stuffed into walls

<p>Despite some analysts claiming it&rsquo;s a relic of the past, a recent study found <a href="https://www.moneymetals.com/news/2026/07/18/gold-silver-ratio-widening-again-indicating-bullish-setup-for-silver-005080&quot;>the gold-silver ratio</a> remains a relevant technical indicator and is still useful for forecasting the silver market's trajectory.</p> <p>The study was featured in the latest edition of the Silver Institute&rsquo;s <em>Silver News</em> report, along with reports covering recent advances in

West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE) reported improved second-quarter 2026 operating and financial results from the Madsen Mine in Ontario’s Red Lake mining district, with gold production increasing 51% from the first quarter and all-in sustaining costs declining 30%. Gold production reached 8,576 ounces in Q2, up from 5,667 ounces in Q1,

On September 2, 2026, Ben Pirie and Nicholas Cortellucci, CFA, of Atrium Research reiterated a BUY rating and a CA$0.45 price target on Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB), implying 36% upside from the September 2, 2026 closing price of CA$0.33, following the release of results from five reverse circulation (RC) drill holes that extended the

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has completed 5,800 meters of its 10,000-meter 2026 drill program at the Stibnite Gold Project in central Idaho, while critical-path construction activities continue following federal approvals secured in 2025, according to a recent press release. This progress matters now because gold prices remain elevated above US$4,300 per ounce, and domestic

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) reported continued critical path construction progress at its Stibnite Gold Project in central Idaho, where early works and construction activities are underway following federal approvals secured in 2025. Essential components for the project’s dual autoclaves are being fabricated at a custom facility in Europe following purchase orders submitted earlier this

On August 28, 2026, Matthew O’Keefe of Cantor Fitzgerald Canada reiterated a Buy rating and CA$2.20 price target on West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE), implying a 134% return from the August 27, 2026 closing price of CA$0.94, following second-quarter results that showed the Madsen Mine ramp-up gathering pace, with gold production

<p>Central banks continued to accumulate gold in July, adding a net 23 tonnes to the collective reserves.</p> <p>Year to date, central banks have accumulated an additional 130 tonnes of gold, about 30 tonnes less than through the same period last year. The primary difference between 2025 and 2026 is that there has been more selling

<p>The Netherlands moved approximately 86 tonnes of gold valued at over &euro;10 billion from North America to London, citing &ldquo;<em>increasing geopolitical unrest</em>&rdquo; and a desire to &ldquo;<em>strengthen crisis preparedness.</em>&rdquo;</p> <p>The country joins a growing list of countries moving gold out of the U.S to reduce <a href="https://www.moneymetals.com/news/2024/02/29/buy-gold-and-silver-to-hedge-against-counterparty-risk-003015&quot;>counterparty risk</a>.</p> <p>According to a statement from De Nederlandsche

<p><span style="font-weight: 400;">Federal Reserve Chair Kevin Warsh used his Jackson Hole speech last Friday to project a tough-on-inflation posture. But despite the market&rsquo;s sharp reaction, the Fed has not changed policy&mdash;and Mike Maharrey argues that reality matters far more than the rhetoric.</span></p> <p><span style="font-weight: 400;">In this episode of the Money Metals Midweek Memo, Maharrey compared

<p>Central banks continued to accumulate gold in July, adding a net 23 tonnes to the collective reserves.</p> <p>Year to date, central banks have accumulated an additional 130 tonnes of gold, about 30 tonnes less than through the same period last year. The primary difference between 2025 and 2026 is that there has been more selling

<p>The Netherlands moved approximately 86 tonnes of gold valued at over &euro;10 billion from North America to London, citing &ldquo;<em>increasing geopolitical unrest</em>&rdquo; and a desire to &ldquo;<em>strengthen crisis preparedness.</em>&rdquo;</p> <p>The country joins a growing list of countries moving gold out of the U.S to reduce <a href="https://www.moneymetals.com/news/2024/02/29/buy-gold-and-silver-to-hedge-against-counterparty-risk-003015&quot;>counterparty risk</a>.</p> <p>According to a statement from De Nederlandsche

<p><span style="font-weight: 400;">Federal Reserve Chair Kevin Warsh used his Jackson Hole speech last Friday to project a tough-on-inflation posture. But despite the market&rsquo;s sharp reaction, the Fed has not changed policy&mdash;and Mike Maharrey argues that reality matters far more than the rhetoric.</span></p> <p><span style="font-weight: 400;">In this episode of the Money Metals Midweek Memo, Maharrey compared

This annum appears like a wild ride for commodity speculators. The dawn of the year witnessed gold surpassing US$5,500 and silver gliding past US$120 per troy ounce. Following a meteoric ascent supporting the precious metals, an adjustment was both fitting and imperative. We experienced it. The eighth month delivered a pleasant rebound not only to

Recent drill results at the Imwelo gold project have delivered standout shallow intercepts that highlight the near-surface potential of the first planned open pit. Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE) reported hole IMWDR029 returning 28.71 grams per tonne gold over 2.75 meters starting at just 21 meters depth, including a 1.3-meter interval grading 59.77

Pirate Gold Corp. (YARR.TSX.V) has reported new exploration results from the Moosehead zone at its Treasure Island project in central Newfoundland, according to an August 28 release. The intercepts include 30.6 grams per tonne gold over 1.35 meters from shallow drilling on the Eastern trend. These results arrive as gold prices have pulled back from

With gold prices remaining close to historic highs during the first half of 2026, investors have increasingly focused on which mining developers are approaching the transition from permitted resources to operating mines. Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE) has reached a series of milestones at its Imwelo project in Tanzania that the company says

Pirate Gold Corp. (YARR.TSX.V) has reported new exploration results from the Moosehead zone at its Treasure Island project in central Newfoundland, according to an August 28 release. The project spans more than 90 kilometers of strike along the Valentine Lake fault zone in what has emerged as Canada’s newest gold district. Hole PGC-26-112, drilled near

<p>The Capped Bust quarter is a famous, historic silver coin in early American history. The coin series ran from 1815 to 1838 and has appealed to coin collectors ever since. It reflects a time when the United States was still building its economy and refining its coinage. The coin was designed by German-born engraver John

<p>Last week, Federal Reserve Chairman Kevin Warsh talked gold and silver down during his Jackson Hole speech, playing the tough guy facing down inflation.&nbsp;</p> <p>But as Mike Maharrey reminds listeners in this week's Midweek Memo, Warsh &amp; Co. still hasn't done a darn thing to tackle inflation.&nbsp;</p> <p>Why not?</p> <p>Mike says the Fed is stuck

Power Metallic Mines Inc. (PNPN:TSXV; PNPNF:OTCQB) is quietly assembling what looks like one of the most compelling high‑grade polymetallic stories in the critical metals space. All market participants have to do is look at the resource map of the Nisk and Lion deposits and simply connect the dots. What lies underneath is 5km of untested

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) reported results from four drill holes testing the down-plunge extension of high-grade gold mineralization at the Spyglass and Buccaneer zones at Gold Rock, extending both zones to greater vertical depths. At Spyglass on BM2, hole DGR-073 returned 9.40 g/t gold over 4.60 meters, including 78.40 g/t gold over 0.38

China produced 384 tonnes of gold in 2025, roughly 10 percent of global supply, according to World Gold Council data. Over the same 15-year span, Chinese gold production rose from 351 tonnes in 2010 to 384 tonnes in 2025, while U.S. output fell from 231 tonnes to 157 tonnes. The decline has prompted a fresh

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) delivered a standout intercept of 9.40 g/t gold over 4.60 meters, including 78.40 g/t gold over 0.38 meters, from deeper drilling at the Spyglass zone. The result came from hole DGR-073 at a vertical depth of 330 meters and confirmed the company model for extending high-grade mineralization at Gold

White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has received final court approval for the spin-out of six critical-mineral properties in Yukon into a new entity called W2 Critical Minerals Corp. The Ontario Superior Court of Justice issued its order under a plan of arrangement, according to an August 28 release. This step clears a major regulatory

White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) announced that the Ontario Superior Court of Justice has issued its final order approving the proposed spin-out of certain Yukon critical-mineral properties into W2 Critical Minerals Corp. through a plan of arrangement under the Business Corporations Act (Ontario), according to an August 28 release. The transaction still requires final