Bullion Blog

<p>The thesis remains the same &mdash; although the repercussions will vary.</p> <p>If you&rsquo;ve been perusing social media, particularly X, lately, you&rsquo;ve seen a parade of pundits remarking on the debt trap that the Fed and other central banks find themselves in.</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await […]

<p><span style="font-weight: 400;">Mike Maharrey opened this Midweek Memo with a different format: an unscripted &ldquo;Ask Mike Anything&rdquo; episode recorded ahead of travel. Instead of a prepared monologue, he answered listener questions on sound money, precious metals, inflation, AI, Federal Reserve policy, and even his longevity as a 59-year-old hockey goalie.</span></p> <div class="vid aspect-w-16 aspect-h-9"><iframe src="https://www.youtube.com/embed/qulm-Q3pPHg?si=-qHM59y9i6K1Coe9&quot;

<p>In a recent interview with Chris Marcus of Arcadia Economics, <a href="https://share.google/xgOuAPon8IaVG7kSP&quot; target="_blank" rel="noopener">Money Metals Exchange CEO</a> Stefan Gleason deplores the superficiality with which the issue of auditing the U.S. gold reserve at Fort Knox continues to be&nbsp;treated by the Trump administration and financial news organizations.</p> <div x-data=" item_id: 1873, view: null " x-html="view ||

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announced the successful closure of the second tranche of its non-brokered private placement of unsecured convertible debentures, raising gross proceeds of CA$300,000, according to a May 20 release. This latest tranche brings the total aggregate gross proceeds from the financing to CA$3,834,200. Due to robust investor interest, the

Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced the acquisition of a new property in Hixon, British Columbia, which will serve as a camp location to support operations at the nearby Quesnelle Gold Quartz Mine Property in British Columbia, a May 19 release said. The company has secured a 5.36-acre property, strategically located with

Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) is exploring its flagship Todi gold project in Liberia, an underexplored, stable, mining-friendly jurisdiction hosting large gold and iron deposits. Strategically positioned on the Todi shear zone, the company is developing a district-scale opportunity within its 2,316-square-kilometer land package. After announcing a US Market (OTCQB) listing in late March,

<p>This week, Mike lets listeners run the show!</p> <p>It's an "Ask Mike Anything" episode where our intrepid host tackles questions asked by listeners.&nbsp;</p> <p>Here are the questions covered in this episode.&nbsp;</p> <div x-data=" item_id: undefined, view: null " x-html="view || 'Product-Random-Featured'" x-init="view = await (await fetch('/shortcodes/product/random/featured?category=all')).text()">!!–Product-Random-Featured-All–!!</div> <ul> <li>At what point do we start trading in

Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) released its Q1 2026 financial and operating results on May 14, 2026. The company maintained its profitability while growing gold production and reinvested some of the profit into near-mine exploration opportunities and capital projects on its Idaho mining site. Financial highlights are as follows: Revenue was up 98.97% at US$14,

Gold Mining Co. Delivers Strong Q1 2026 Results Out of Idaho Source: Streetwise Reports (05/19/2026) Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN) boosted Q1 revenue 99% and EPS 233% while increasing gold production and advancing key Idaho projects. read more > Mining Co. Delivers Record Financial Results for Mexico Project Source: Streetwise Reports (05/19/2026) Avino Silver &

Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) announced its first unaudited condensed interim consolidated financial results for the first quarter of 2026 on May 13, 2026. The press release encompasses both financial and operational highlights for Q1 2026. In the release, Avino’s president and CEO, David Wolfin, said, “During the first quarter, Avino delivered

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) announced that an airborne magnetics and VTEM geophysical survey has commenced at its Veronica Project in the Silvertip-Midway District of Yukon. The program is being conducted by Geotech Ltd. and includes magnetics and time domain electromagnetic VTEM surveys using 100 meter spaced flight lines and 1,000 meter spaced tie

KO Gold Inc. (KOG:CSE) announced that it has commenced drilling at its 100%-owned Smylers gold exploration permit in the Otago gold district on New Zealand’s South Island. The Smylers drilling program represents the first phase of the company’s expanded 2026 drilling campaign, which is expected to later extend to its Hyde, Glenpark and Carrick exploration

First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) released its unaudited condensed interim consolidated financial results for the first quarter ending March 31, 2026, according to a May 12 release. The detailed financial statements and management’s discussion and analysis are available on the company’s website and can also be accessed through SEDAR+ and EDGAR. The company

A new report from the Institute of International Finance states that global debt continues to rise, hitting a new record of nearly $353 trillion by the end of March. This is an increase of $5 trillion in just one month, and surpasses February’s previous high of $348 trillion. Concerningly, the report also revealed a global

Mining Co. Delivers Record Financial Results for Mexico Project Source: Streetwise Reports (05/19/2026) Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) reports quarterly record net income of US$15.9M as higher silver prices and operational upgrades fuel strong gains. read more > Gold and Silver Producer Posts 247% Revenue Jump as Record Cash Flow Drives

Prince Silver Corp. (RNC:CSE; PRNCF:OTCQB; T130:FRA) announced that its common shares qualified to trade on the OTCQX Best Market in the United States and began trading under the symbol PRNCF, upgrading from the OTCQB Venture Market. The company stated that the move came as it continued advancing its flagship Prince Silver Project in Nevada toward

On March 14, 2026, Onyx Gold Corp. (ONYX:TSX.V) announced new drill results from its fully-funded, massive 110,000-meter drill program at its Munro-Croesus project near Timmins, Ontario. The results encompass 18 drill holes from both the Argus Main and Argus North zones and outlined a gold system extending over 1.4 kilometers of strike length and more than

The typical investor right now has no clue just how perilous the investment landscape has gotten. What’s transpired over the last eleven weeks in the Middle East puts our entire future at risk. With each passing day that the Strait of Hormuz stays shut, the predicament grows more menacing. As I’m putting this together, President

On May 18, 2026, ROTH Capital Partners Managing Director and Senior Research Analyst Mike Niehuser reiterated a Buy rating and US$45 per share price target on Idaho Strategic Resources Inc. (IDR:NYSEAMERICAN), implying upside of approximately 18% from the May 15 closing price of US$38.19, following the company’s first-quarter results that showcased consistent production, strong margins,

Sun Summit Minerals Corp. (SMN:TSX.V; SMREF:OTCQB) announced that it received confirmation from the British Columbia Ministry of Mining and Critical Minerals that five new mineral claims totaling 6,595 hectares, collectively known as the Orbit Project, had been issued in the Toodoggone Mining District. The claims are located approximately 18 km north of the company’s JD

Nobel Resources Corp. (NBLC:TSXV) announced on May 15, 2026, the commencement of a diamond drilling program at its Pampa Austral property in Chile’s metallogenic belt. Nobel plans an initial program targeting two drill holes to evaluate estimates reported in historical drilling data. Historical data suggests intersection of 70 meters grading 0.70% copper, in which 14

Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC) is generating royalty cash flow from producing gold operations while advancing two district-scale critical-mineral assets, all at a market capitalization of approximately CA$70 million as a junior mining company. On May 14, 2026, the company announced it is tripling its Yukon alluvial gold royalty footprint for the 2026 production season, moving

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) announced that it closed its previously announced non-brokered Upsized Financing, issuing an aggregate of 22,716,146 common shares for gross proceeds of US$9,595,045.60. The financing consisted of flow-through common shares and charity flow-through common shares. A total of 16,031,449 flow-through common shares were issued at US$0.41 per share for aggregate

<p>Earlier this year, the Ghanaian government announced <a href="https://www.moneymetals.com/news/2026/02/26/ghana-announces-plan-to-buy-artisanal-gold-to-stem-smuggling-004721?srsltid=AfmBOorQQzSgzRxDvWRlJuDstOGemMxUHJq7q2T3Qkio8Dwd87456UEX&quot;>a scheme to buy 127 tonnes of gold from &ldquo;artisanal&rdquo; and small-scale mining (ASM)&nbsp;operations</a> to boost reserves and stem smuggling. Now the government is asking large-scale miners in the country to sell 30 percent of their annual output to the Bank of Ghana to boost gold reserves.

<p>Gold primarily functions as a financial asset; however, it has other practical uses, despite the ignorant assertion by some that it is a &ldquo;useless metal.&rdquo;</p> <p>In the first quarter, 81.6 tonnes of gold were used in tech and industrial applications. That was a 1 percent increase from the first quarter last year.</p> <p>The electronics sector

<p><strong>When did pennies stop being copper?</strong> The quick answer is <strong>1982</strong>. Prior to that time, most pennies had a predominantly copper composition. However, the 1982 mint year brought an incredible change. That year, the U.S. Mint changed the penny to a primarily zinc composition.</p> <p>That shift wasn't just a manufacturing tweak. It marked the moment

<p>Platinum group metal prices rose substantially last year, driven by persistent supply deficits and favorable market dynamics, and Metals Focus expects the bull market to continue this year, with significant price upside remaining.</p> <p>Platinum joined gold and silver for the wild ride up in 2025, gaining 119 percent, and then continuing to surge through the

<p>Despite record-high prices early in the quarter and an uptick in selling at the end, central bank gold buying was up modestly in the first quarter.</p> <p>Based on the World Gold Council&rsquo;s number crunching of IMF and other data, central bank gold purchases were up a net 3 percent year-on-year, coming in at 243.7 tonnes.</p>

<p><span style="font-weight: 400;">In a recent episode of the </span><i><span style="font-weight: 400;">Money Metals Podcast</span></i><span style="font-weight: 400;">, host Mike Maharrey sat down with veteran </span><a href="https://share.google/s4T76ZPgMTKz4nqk2&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">market analyst J. Michael Oliver</span></a><span style="font-weight: 400;">, founder of </span><a href="https://www.olivermsa.com/&quot; target="_blank" rel="noopener"><span style="font-weight: 400;">Momentum Structural Analysis (MSA)</span></a><span style="font-weight: 400;">, for a sweeping discussion on precious metals, government

View Important Disclosures for this Article Close Important Disclosures: Galway Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities

Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) announced the results from five drill holes on May 14, 2026. The reverse circulation (RC) drilling program is based in the company’s Tombstone property in Southeastern Arizona. Step-out drilling expanding to the west and north Contention target area has discovered additional accessible oxide gold-silver intersections, and the company’s 2025-2026 drilling program

VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB) is an established junior exploration company based in Vancouver. VR evaluates, explores, and advances opportunities in copper, gold, and critical metals in Nevada (New Boston; Bonita) and Ontario. The company has closed an over-subscribed private placement in excess of CA$1 million, in follow-up to a consolidation and CA$3.14 million financing

On May 13, 2026, Adamera Minerals Corp. (ADZ:TSX.V) announced it had received approval from The B.C. Ministry of Mining and Critical Minerals to conduct IP surveys of its South Hedley Copper-Gold property in British Columbia, Canada.   Mark Kolebaba, President and CEO of Adamera Minerals, said in the release: “We have identified two highly prospective

As I was doing my early-morning reading on Friday, I came across a report that made reference to Chinese Premier Xi in his address to the American delegation that included the President as well as several of America’s “Titans of Industry”. As I was poring through the report, the best word to describe my emotional state

Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) reported drilling and geophysical survey updates from the Buen Retiro Copper Project in Copiapó, Chile, including results from seven resource definition drill holes in the Southwest Area and findings from its Ambient Noise Tomography (ANT) survey. The company said drill hole BRT-DDH059 returned 78.0 meters grading 1.70% copper from 58.0

The Idaho Copper Belt (ICB) expects a busy 2026, with multiple companies planning high-impact drill programs for this year. Big-name companies like Hercules Metals Corp. (BADEF:OTCMKTS; BIG:TSXV), IDEX Metals Corp. (IDEX:TSX; IDXMF:OTCQB), Scout Discoveries Corp., Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTNTF:OTCMKTS), and even mining giant Rio Tinto. Hercules is focused on its Leviathan, Pegasus,

<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss another tremendous interview with Michael Oliver of Momentum Structural Analysis. Michael has decades of experience in the financial industry and is especially in tune with the silver market, having called the rally that started back in the fall to a T,

On May 13, 2026, Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) announced initial assay results for its first-ever diamond drilling program at the Ben Ben target, which is part of the company’s flagship Todi Gold project in Liberia. Initial results are highlighted below: Early results at Ben Ben continue to illustrate the strong potential of

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) reported additional drill results from in-fill drilling at Jubilee on the Elora Gold System, including results from holes DGR-054 and DGR-056. The company stated that drilling at Jubilee tested between 150 and 200 meters with the goal of collecting structural data to improve predictions of high-grade gold mineralization at

Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) released its unaudited financial results for the first quarter ending March 31, according to a release on May 12. The company reported a record production of 11,743 ounces of gold and 43,798 ounces of silver. The cash cost per ounce of gold sold was US$1,602, and the all-in sustaining

NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) announced that it has initiated a 2,496-line kilometer helicopter airborne VTEM® Plus survey and a 2,656-line kilometer FALCON® fixed-wing airborne gravity gradiometer survey at its Goldboro Gold Project in Nova Scotia. The surveys cover 32,007 hectares, or approximately 320 square kilometers, of exploration land at Goldboro and are expected

Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) reported assay results from seven diamond drill holes at the Southwest Deposit within its 100%-owned Clarence Stream high-grade gold project in New Brunswick, Canada. According to the company, the drilling targeted the northeastern portion of the Southwest Deposit within the GMZ and Adrian Zones. The company stated that the Clarence

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) has filed its report to shareholders, Interim Financial Statements, and Management’s Discussion and Analysis for the first quarter ending March 31, a May 13 release reported. These documents are now accessible on the SEDAR+ platform and can also be viewed on Seabridge’s website. In recent updates, the Seabridge board has

On May 14, 2026, VR Resources Ltd. (VRR:TSX; VRRCF:OTCQB; 5VR:FWB) announced two significant milestones for the company’s farm-out transaction to Athos Metals Corp. for its Empire and Silverback Cu-NI-PGM projects and district-scale Cu-Ni-PGM exploration strategy in Ontario. The first piece of news is the announcement that a VTEM+ airborne EM and magnetic survey is underway.

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced the filing of its unaudited condensed consolidated financial results for the period ended March 31, 2026. The company said it continued advancing financing, engineering, procurement, and early works activities related to the Stibnite Gold Project during the quarter. “After breaking ground late last year at our Stibnite project, we

<p>As is typical in April, the federal government ran a budget surplus last month thanks to the influx of income tax revenue. But despite this seemingly good news, every metric reveals further deterioration in America&rsquo;s fiscal situation.</p> <p>The surplus of $215.02 billion was 16.8 percent lower than last year, as revenues dropped and spending increased.</p>

<p><strong>Gold bullion is physical gold in the form of bars, coins, or rounds that is valued based on its weight and purity rather than its collectible or face value.</strong> It is typically at least .995 fine and trades closely with the global spot price of gold, making it a standard form of investment-grade precious metal.</p>

<p><span style="font-weight: 400;">In the latest episode of the </span><i><span style="font-weight: 400;">Money Metals Midweek Memo</span></i><span style="font-weight: 400;">, host Mike Maharrey challenged the optimistic mainstream narrative surrounding the U.S. economy, arguing that beneath strong headline numbers lies a far more troubling inflationary and monetary reality.</span></p> <p><span style="font-weight: 400;">Maharrey opened with a personal hockey story about an overhyped

<p>Hungry?</p> <p>Eat gold.</p> <p>Seriously. It&rsquo;s a thing.</p> <p>Mind you, it&rsquo;s not a thing that interests me in the least. But some people do eat gold.</p> <p>The other day, I was doing a little headline search for gold stories, and I ran across a blog post on a site called Tita Italian. It&rsquo;s a high-end food

Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) reported drill results from its wholly owned Dumbwa copper deposit at the Solwezi Project in Zambia, stating that drilling has now confirmed near-surface copper sulphide mineralization over a continuous strike length of 5.3 kilometers. The company said drilling has surpassed 200 holes totaling more than 42,000 meters, with assay