Bullion Blog

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) announced that it has selected Hatch Ltd. as the Engineering, Procurement, and Construction Management (EPCM) contractor for its Stibnite Gold Project in Idaho. The selection of Hatch follows a competitive review process and marks a significant advancement in the project’s development phase. Under the EPCM model, Hatch will provide comprehensive […]

On December 17, 2025, Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) announced that it had entered into a definitive agreement to acquire the Del Toro Silver Mine in the Chalchihuites District in Mexico from First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE). The total consideration for the acquisition is up to US$60 million, which includes

<p><span style="font-weight: 400;">In this recent episode of the Money Metals Midweek Memo, host Mike Maharrey argues the biggest takeaway from the Federal Reserve&rsquo;s latest FOMC meeting wasn&rsquo;t the widely reported 25 basis point rate cut. It was the quiet restart of balance-sheet expansion&mdash;what most people would recognize as quantitative easing&mdash;barely acknowledged by mainstream coverage.</span></p> <p><span

<p>The November CPI data is a little like that ugly sweater you got for Christmas last year. It was an interesting topic of conversation, but it wasn&rsquo;t good for much by the time January rolled around.</p> <p>The November CPI data came out much cooler than expected, but most analysts don&rsquo;t seem to be putting much

<p><strong>Good news!</strong> <em>The federal budget deficit shrank substantially in November.</em></p> <p><strong>Bad news!</strong> <em>Uncle Sam still ran a significant budget shortfall in November, despite a massive surge in tariff revenue.</em></p> <p>The November deficit came in at $173.28 billion. Through the first two months of fiscal 2026 (Oct-Nov), the federal government spent $457.68 billion more than it

<p><a href="https://www.moneymetals.com/buy/gold&quot;>Gold is up over 109 percent</a> since the beginning of 2024. Some analysts say that the yellow metal is in a bubble destined to pop. However, there is another possibility. What if the meteoric rise in the price of gold is signaling a paradigm shift?</p> <p><a href="https://www.reuters.com/commentary/breakingviews/golds-bubble-behaviour-may-signal-paradigm-shift-2025-12-05/&quot; rel="noopener noreferrer" target="_blank"><em>Reuters</em> columnist Edward Chancellor thinks

Resource Developer Finds District-Scale Gold Potential in BC Source: Streetwise Reports (12/18/2025) Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) reported that it has intersected 0.56 grams per tonne (g/t) of gold over 99.84 meters in drill hole QGQ25-23, beginning at a depth of 182.20 meters. According to one analyst, the results from the company’s

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced its plan to spin off a subsidiary for its Courageous Lake Gold Project in Canada’s Northwest Territories, according to a December 16 release. The new wholly owned subsidiary, Seabridge Gold (NWT) Inc., which will be renamed “Valor Gold,” owns 100% of the project. After the spin-off, Valor Gold will

The Gold Silver Ratio (GSR) has been quietly rolling over for months, and the message it’s sending is anything but quiet: silver is about to outperform in spectacular fashion. For most of the past two decades, the Gold Silver Ratio has hovered between 65:1 and 85:1, reflecting market preference for gold’s monetary safety over silver’s

José Antonio Kast has been elected Chile’s 38th president following a runoff vote held on December 14. Kast, leader of the Republican Party and a long-time figure on the far right of Chilean politics, secured 58.3% of the vote, defeating Jeannette Jara of the governing center-left coalition, who received 41.7%. According to PBS on December

Grizzly Discoveries Inc. (GZD:TSX.V; GZDIF:OTCQB; G6H:FSE) gained research coverage by Couloir Capital that initiated on the mining company, following a site visit, with a Buy rating and a CA$0.15 per share (CA$0.15/share) fair value target price, reported Senior Mining Analyst Ron Wortel in a Dec. 5 research note. “With community support, infrastructure advantages and multiple

Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCQB; LLJA:FSE) has received TSX Venture Exchange approval for an amendment to its credit agreement with Nebari Natural Resources Credit Fund II, LP. The amendment adds a fourth tranche to the loan facility, making an additional US$35 million available to Emerita on a standby basis. With this upsized loan, the total

Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announced it has intersected 0.56 grams per tonne (g/t) gold over 99.84 meters in drill hole QGQ25-23 starting from 182.20 meters, according to a release amended on December 17. Additionally, drill holes QGQ24-21 and QGQ25-23 to QGQ25-24 encountered intermittent anomalous gold mineralization but were terminated early due

<p>It&rsquo;s a testament to the unique characteristics of this bull market in metals and miners that silver&rsquo;s rocket-shot higher in recent days is surprising to so many.</p> <div x-data=" item_id: 223, view: null " x-html="view || 'Product-223'" x-init="view = await (await fetch('/shortcodes/product/single/223')).text()">!!–Product-223–!!</div> <p>I&rsquo;ve winced every time I&rsquo;ve been on a panel during this bull market

<p>The mainstream financial media buried the lede in its reporting on last week's Fed meeting.&nbsp;</p> <p>They reported on the rate cut. They sliced and diced the dot plots. They analyzed every syllable coming out of Jerome Powell's mouth. However, they barely mentioned the biggest story — the Fed just restarted quantitative easing (QE).&nbsp;</p> <p>In this

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) reported additional results from its 4,000-meter drill program at the fully permitted Imwelo Gold Project in northern Tanzania. The latest assays confirmed that gold mineralization continues well below the current pit shell and has now extended to the east and west, beyond previously tested areas. The program, which

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) announced that it had entered into a bought-deal private placement for gross proceeds of approximately CA$10 million on December 15. Under the initial agreement, Red Cloud Securities Inc., as co-lead underwriter and sole bookrunner alongside Research Capital Corporation, agreed to purchase for resale 21,740,000 units at a price

Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX) gave an update on its epithermal gold-silver assets located on the Noto Peninsula, Honshu, Japan in a release on December 11. The company said its 99 prospecting licenses in Noto, covering 337.37 square kilometers, encompass four distinct potential target areas exhibiting anomalies in stream sediment gold, silver, arsenic, antimony, mercury,

Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) stated that it is now fully funded through to free cash flow following the completion of its most recent financing and continued progress at its largest royalty asset, the PPX Igor Mine. According to the company, this shift represents a fundamental change that has not yet been fully

Silver has been on an impressive upward trajectory this year, more than doubling in value, breaking multiple records, and outperforming gold, Chloe Taylor reported for CNBC on December 11. Since the start of the year, the metal, often referred to as the “Devil’s metal” because of its volatility, has increased to new highs with spot

In an appearance on Turning Hard Times into Good Times with host Jay Taylor, seasoned minerals investor Chen Lin argued silver’s 50-year breakout is not a routine cycle but a transition from bullion to a tightening “critical minerals” market. “This is a 50-year breakout. Five-zero,” Chen said. “We broke out of a 50-year trading range, basically.” He went

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) has announced its intention to spin off a subsidiary for its Courageous Lake Gold Project in Canada’s Northwest Territories, as stated in a December 16 release. The new wholly owned subsidiary, Seabridge Gold (NWT) Inc., which will be renamed “Valor Gold,” holds 100% ownership of the project. Following the spin-off,

Originating in Greek mythology as a challenge to divine order, the term “hubris” remains a significant theme in literature and life, representing a dangerous belief in one’s own invincibility or superiority. Strictly defined, it is “excessive pride, arrogance, or overconfidence that leads to a person’s downfall, often by causing them to overstep limits, defy gods,

Regency Silver Corp. (RSMX:TSX.V; RSMXF:OTCQB) has expanded the size of its previously announced best efforts brokered private placement due to strong investor demand, the company stated in a release on December 15. Under the updated terms, the company will issue 20,000,000 units at CA$0.175 per unit, generating total gross proceeds of up to US$3.5 million

With platinum in a bull market, its price has much further to run due to the metal’s current and projected supply-demand dynamics, analysts say. They expect the price to keep rising at least through 2026, perhaps longer. “Platinum is emerging as a compelling long-term investment,” wrote Jana Kane, editor-in-chief of the LiteFinance trading blog, on

Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) announced that it is now fully funded through to free cash flow, following the close of its latest financing and ongoing development at its flagship royalty asset, the PPX Igor Mine. The company described this as a fundamental shift it believes has not yet been fully recognized in

Every December, tax-loss selling tends to exert downward pressure on certain stocks as investors aim to offset capital gains. According to Sid Mokhtari, chief market technician at CIBC Capital Markets, this creates a seasonal opportunity for “bargain hunters” seeking year-end discounts on undervalued equities with solid fundamentals, reported Jeff Lagerquist for Yahoo! Finance on December

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) reported on December 15 that it had entered into a bought-deal private placement agreement for gross proceeds of approximately CA$10 million. The agreement involved Red Cloud Securities Inc., acting as co-lead underwriter and sole bookrunner alongside Research Capital Corporation, for the resale of 21,740,000 units at CA$0.46 per

Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) agreed to merge with Contango ORE Inc. (CTGO:NYSEA), creating a North America-focused, gold and silver company with advanced exploration-stage to producing assets, reported Haywood Securities Analyst Marcus Giannini in a Dec. 8 research note. The transaction is expected to close in late February-early March 2026. “We believe the

Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) reported additional results from its 4,000-meter drill program at the fully permitted Imwelo Gold Project in northern Tanzania. The latest assays from nine holes confirm the continuation of the primary mineralized zone below the current pit design and expand the resource footprint laterally to the east and west.

Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX) provided an update on its epithermal gold-silver holdings on the Noto Peninsula, Honshu, Japan in a release on December 11. The company stated that its 99 prospecting licenses in Noto, covering 337.37 square kilometers, include four distinct potential target areas showing anomalies in stream sediment gold, silver, arsenic, antimony, mercury,

I have been told by everyone that I am wrong and that gold is going to the Moon. So what. Follow the crowd or look at the data. Do keep in mind that I consider gold to be just overbought against almost all assets, and a reversion to its mean (wherever that is!) will allow

View Important Disclosures for this Article Close Important Disclosures: Seabridge Gold 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 of

View Important Disclosures for this Article Close Important Disclosures: Eloro Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. This article does not

<p>We are thinking big in this update on silver, and I mean BIG.&nbsp;</p> <p>Although silver has been advancing for months now,&nbsp;it&rsquo;s only been just over 2 weeks ago that it <a href="https://www.moneymetals.com/silver-price&quot; rel="noreferrer">broke out of the giant holding pattern</a> that it has been stuck in for about 45 years, the enormous Cup &amp; Handle base

<p>Regulators in India have revised rules to allow pension funds to invest in gold and silver ETFs. This could further boost already booming investment demand in India.</p> <p>India ranks as the world&rsquo;s second-largest gold market and consistently falls in the top four silver-consuming nations.</p> <p>For the government sector, the Pension Fund Regulatory and Development Authority

<p>Gold and silver have hogged the spotlight; however, the platinum group metals (PGMs) have had a breakout year as well.&nbsp;</p> <p>Platinum has surged by 92 percent in 2025, and palladium has gained 65 percent. Meanwhile, the price of rhodium (A rarer PGM used in catalytic converters and in anticorrosion applications) surged by 79 percent.</p> <p>Six

<p>Price inflation has slowed, but that doesn&rsquo;t mean prices are coming down. They just aren&rsquo;t rising quite as fast as they were.</p> <p><a href="https://www.moneymetals.com/podcasts/2025/11/05/inflation-is-the-plan-004459&quot;>Price inflation is by design</a>. Remember, the powers-that-be target a 2-percent reduction in the value of your dollar.</p> <p>Conventional wisdom holds that falling prices are detrimental to the economy.</p> <p>Once again, conventional

<p>With <a href="https://www.moneymetals.com/silver-price&quot; rel="noreferrer">prices above $60 an ounce</a>, many speculate that industrial demand for silver will fall due to substitution. However, the Silver Institute projects industrial demand will rise as offtake from vital technology sectors accelerates over the next five years.</p> <blockquote> <p>&ldquo;Silver will remain an essential component across multiple high-growth sectors as industries race

Regency Silver Corp. (RSMX:TSX.V; RSMXF:OTCQB) has increased the size of its previously declared best efforts brokered private placement due to strong investor interest, the company said in a release on December 15. Under the revised terms, the company will issue 20,000,000 units at CA$0.175 per unit, generating total gross proceeds of up to US$3.5 million

<p><span style="font-weight: 400;">In a recent interview on the Money Metals podcast, host Mike Maharrey welcomed Edward Sterck, Director of Research at the </span><a href="https://platinuminvestment.com/about-wpic/our-team&quot;><span style="font-weight: 400;">World Platinum Investment Council</span></a><span style="font-weight: 400;">, to help gold and silver investors understand why platinum and palladium are suddenly demanding attention.&nbsp;</span></p> <p><span style="font-weight: 400;">Maharrey framed the conversation as a deliberate

<p>Without a doubt, the Chinese central bank (PBoC) is still the leading single entity that is driving up the gold price to record highs, year-to-date by more than 55 percent.</p> <p>In the third quarter of 2025, the PBoC&rsquo;s gold purchases (reported and unreported) accounted for 118 tonnes, up 39% MoM and 55% YoY, according to

Gold, silver, and the PM stocks have been crushing the performance seen in most other sectors all year long. With less than a month left for trading here in December, we can start to celebrate the record year across many fronts . . .  because the precious metals charts keep posting record daily, weekly, monthly,

I most recently covered Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) on November 18, when the stock traded at CA$0.25. Considering those drilling outcomes from that time, a meteoric ascent in the silver price, and further remarkable drilling results just announced, the stock finished at CA$0.34 on December 10, a 27% increase in under a month.

After three years of strategic patience, Triumph Gold Corp. (TIG:TSX.V; TIGCF:OTCMKTS) is re-emerging with fresh momentum. Backed by a tight share structure, 2 plus million gold-equivalent ounces in the ground, a new high-grade silver acquisition in the U.S., and unexpected upside in critical minerals, Triumph is becoming one of the more compelling optionality plays in

Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCQB) began recovering placer gold via the underground paleochannel and commenced a diamond drill program, both at its Wingdam project in British Columbia, reported Bill Newman, analyst at Research Capital Corp., in a Dec. 8 research note. “Omineca expects to provide initial gold recovery rates in the coming weeks,

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) has entered into an agreement with the Idaho National Laboratory to host, commission, and operate a modular pilot processing plant designed to recover critical and defense-related minerals, including antimony, from the company’s Stibnite Gold Project. The collaboration is being conducted through Battelle Energy Alliance LLC and builds on Perpetua’s broader

<p>I ran across a story about a gold and silver theft the other day.</p> <p>It contains some valuable lessons.</p> <p>And it also raises a few questions.</p> <p>Let me just warn you up front; this story is rated PG-13.</p> <p>Now, you&rsquo;re probably thinking: what can be so unusual about somebody stealing precious metals? It happens a

<p>As the Federal Reserve revs up the money-creating machine even higher, the money supply is already growing at the fastest rate since July 2022, in the early stages of the tightening cycle.</p> <p><a href="https://www.moneymetals.com/news/2024/01/12/common-definition-of-inflation-you-hear-today-is-wrong-government-propaganda-002925&quot;>This is inflation, by definition</a>.</p> <p>After peaking in April 2022, the money supply began to decline as the Fed hiked rates that

<p>Silver continues to show incredible upward momentum after having obliterated its prior $54 high two weeks ago.</p> <p>With silver trading over $64 this morning, technical analysts have pointed to the potential for $72 silver in the near to medium term as this price rerate continues.</p> <p><a href="https://www.moneymetals.com/buy/silver&quot;><img class="mx-auto md:float-right p-3" src="https://www.moneymetals.com/uploads/content/2025-get-free-quarter-oz-silver-buffalo-with-750-order-sidebar-400×400.jpg&quot; alt="Get a FREE 1/4