The Top Reasons Why Gold Will Soon Test $3500

April 01, 2025 - By: Baystreet Staff


With tariff fears, inflationary concerns a potential recession, and strong central bank buying, gold is at record highs above $3,100. From here, gold could rally to $3,500 says Bank of America. “Uncertainty around Trump Administration trade policies could continue to push the [U.S. dollar] USD lower, further supporting gold prices near-term,” added the firm, as quoted by CNBC. Analysts at Goldman Sachs also raised its gold price forecast, now noting, “We raise our end-2025 forecast to $3,300/toz (vs. $3,100) and our forecast range to $3,250-3,520, reflecting upside surprises in ETF inflows and in continued strong central bank gold demand.” All of which should also drive gold stocks, such as Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF), Barrick Gold (NYSE: GOLD) (TSX: ABX), Newmont (NYSE: NEM) (TSX: NGT), New Gold Inc. (NYSE: NGD) (TSX: NGD) and SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) to higher highs, too.

Fueling even more momentum, China’s central bank is still buying gold. In fact, its reserves soared to 73.61 million troy ounces at the end of February from 73.45 million in January. “Global central banks, a major source of gold demand, bought more than 1,000 metric tons of the metal for the third year in a row in 2024 and are expected to remain active buyers in 2025, according to the World Gold Council,” added Reuters.

Look at Gold Hunter Resources Inc. (CSE: HUNT) (OTCQB: HNTRF)

Gold Hunter Resources Inc. provided an update on its Great Northern Project in Newfoundland, where historic mining, near-surface mineralization, and both current and historic resources converge to create an exciting, high-grade exploration story in one of Canada’s most dynamic mining districts. Alongside this, the Company is expanding its marketing and investor relations initiatives to share this compelling opportunity with a global audience, positioning Gold Hunter for accelerated growth in 2025.

Key Highlights

1. +40% Oversubscribed Financing (March 11th, 2025), reflecting strong investor confidence and enabling the Company to ramp up both exploration and marketing efforts.

2. Advancement of the Great Northern Project in Newfoundland, now covering an impressive 40-kilometre strike length — comparable to the scale of the Valentine deposit district.

3. Uplisting to the OTCQB® Venture Market in the United States, boosting visibility and accessibility for U.S. investors.

4. Securing DTC Eligibility, simplifying share clearing and settlement for U.S. shareholders.

5. Enhanced Global Marketing and Investor Relations Initiatives, designed to communicate the Company’s near-term growth potential, aggressive 2025 exploration plans, and overall vision to a broader audience.

“The Great Northern Project is focused on a distinct orogenic gold system with multiple known resource areas, up to 18 gold mineralized trends, and along a +40 km fault structure. We are excited that our project comprises both current and historic resources, as well as a past-producing mine in conjunction with surface anomalies that have yet to be drilled. All of which point to a larger, more continuous mineralized system akin to the Valentine Lake Gold Deposit.

Historically, exploration at Great Northern was limited in scope and centred near existing roads and power infrastructure, yet these smaller-scale programs still yielded encouraging results. Now, with a more aggressive 2025 plan, we intend to systematically expand beyond those initial targets and unlock the full potential of this extensive structural corridor. The Great Northern is poised for meaningful discovery, which may yield resource growth as we proceed with our next phases of drilling and data-driven exploration.”

- Sean A. Kingsley, President & CEO

Oversubscribed Financing Demonstrates Strong Market Support

Gold Hunter recently closed a financing round that was +40% oversubscribed, reflecting the market’s enthusiasm for the Company’s exploration strategy and near-term potential at its Great Northern Gold Project. Proceeds will help drive an aggressive 2025 exploration campaign and expanded marketing to increase global visibility.

Amendment to Private Placement

The Company wishes to amend the previously announced private placement. The Company originally reported paying a finder’s fee of $25,695 and issued 428,250 non-transferable finder’s warrants. In fact, the Company paid a finder’s fee of $35,695 and issued 594,917 non-transferable finder’s warrants.

Great Northern Project: Preparing for 2025 Exploration Success

Gold Hunter’s Great Northern Project spans 40 kilometres of strike length, achieved through a first-time consolidation of several fragmented projects and a 64% expansion of the core landholding in 2024. Newfoundland’s thriving gold landscape—supported by active mining communities and recent high-profile discoveries—provides an ideal setting for Gold Hunter’s data-driven exploration approach.

- The Company plans an up-to 20,000-metre drilling campaign focusing on expanding known mineralized areas, leveraging historical data from a past-producing mine, current and historic resources, and surface showings that remain underexplored.

- An expedited VTEM airborne survey by Geotech will refine additional high-priority targets, guiding the Company’s drilling strategy and unlocking further value.

Gold Hunter’s track record includes the successful divestiture of a consolidated district to FireFly Metals Ltd. (ASX: FFM | TSX: FFM). As part of this transaction, 25 million FireFly Metals shares were issued as a dividend to Gold Hunter’s shareholders, while an additional 5 million shares were retained by the Company and later sold to FireFly’s institutional shareholders for $3.7 million in non-dilutive capital. Gold Hunter now sets its sights on near-term exploration catalysts at Great Northern, aiming to capture the momentum in Newfoundland’s gold sector.

Strengthening Market Awareness: Comprehensive Investor Relations & Marketing Efforts

To better position the Company, its asset, and its aggressive exploration plans, Gold Hunter has launched multiple strategic marketing and investor relations initiatives designed to:

- Highlight the Company’s exploration roadmap and near-term catalysts to a global audience seeking compelling gold exploration stories.

- Expand retail and institutional investor engagement through targeted campaigns across digital, print, and traditional media.

- Amplify awareness of Gold Hunter’s long-term vision, underscoring how near-surface high-grade mineralization and a proven team set the stage for significant discovery potential.

Appoints Investor Relations Manager

The Company is pleased to announce it has entered into an investor relations consulting agreement with 1526184 B.C. Ltd., a company controlled by Mr. Colton Welgan. Mr. Welgan will collaborate with management to amplify corporate communications and shareholder engagement. He will be paid a monthly fee of $4,000 plus GST and will be eligible to receive stock options. The agreement may be terminated at any time by either party by providing 30 days’ written notice, after an initial six-month period.

Marketing & Promotional Activity Disclosure

865381 B.C. Ltd. DBA Volume Hunters

Volume is an arm’s-length service provider engaged to provide digital marketing and investor engagement services. Located at 300-1055 West Hastings St., Vancouver, BC, Canada, Volume can be reached at [email protected] or 778-233-0293, and will focus on outreach via social media, blogs, newsletters, and a network of over 500,000 double opted-in investors. Volume will be paid a fee of $66,000 in advance for a 12-month term commencing April 1, 2025. Volume owned shares of the Company at the time of engagement.

Departures Capital Inc.

Departures is an arm’s-length service provider engaged by the Company to provide a comprehensive media package, including both long-form and short-form video content (e.g., interviews and TikTok-style posts), distribution on the Departures network, newsletter coverage, and dedicated landing page design. Located at 1500-409 Granville St, Vancouver, BC, Canada, Departures can be reached at [email protected] or 519-590-6985. Departures will be paid $20,000 in advance for a six-month term commencing April 1, 2025. Departures’ principal, Mr. Aaron Missere, owned shares of the Company at the time of engagement.

Jemini1 Finance Inc.

Jemini1 is an arm’s-length service provider retained to conduct investor relations and shareholder communications. Located at 102-6333 Granville Street, Vancouver, BC, Canada, Jemini1 can be reached at [email protected] or 647-725-3888x701, and will focus on both digital and traditional marketing. Jemini1 will be paid $2,500 per month in advance for a four-month term commencing April 1, 2025, will be eligible to receive stock options, and owned shares of the Company at the time of engagement.

Simone Capital Corp.

Simone is an arm’s-length service provider retained for investor relations and shareholder communications. Located at 1179-77 King Street West, Toronto, ON, Canada, Simone can be reached at [email protected] or 416-881-5154. Simone will focus on email campaigns and other promotional initiatives across digital platforms. Simone will be paid $2,000 per month in advance for a six-month term commencing April 1, 2025, will be eligible to receive stock options, and owned shares of the Company at the time of engagement.

Winning Media LLC

Winning is an arm’s-length service provider retained to conduct omni-channel programmatic advertising, SMS and email marketing, influencer outreach, retargeting, and other multi-platform ad placements. Located at 1415 S Voss Road Suite 110-431, Houston, TX, United States, Winning can be reached at [email protected] or 281-804-7972. Winning will be paid USD $100,000 in advance for a three-month term commencing April 1, 2025, allocated primarily to digital advertising, with no stock options granted. Winning owned no shares of the Company at the time of engagement.

WTS Capital Corp.

WTS is an arm’s-length service provider offering media and communications services. Located at 405 Ridge Rd, Ridgeway, ON, Canada, WTS can be reached at [email protected] or 905-321-1470, and will focus on media content strategy, creation, and dissemination through various channels. WTS will be paid $30,000 in advance for a six-month term commencing April 1, 2025, will be eligible to receive stock options, and owned shares of the Company at the time of engagement.

“Securing an oversubscribed financing so quickly speaks volumes about our shareholders’ confidence in both our team and our Newfoundland project. We see a world-class opportunity in Newfoundland, where proven geology, supportive mining communities, and recent mergers and acquisitions have propelled the province into a hotspot for metals exploration. Our ‘HUNT 2.0’ vision merges data-driven exploration, strategic partnerships, and an experienced technical team to accelerate our efforts in 2025 and beyond. The recent merger agreement (pending shareholder approval) between Calibre (owner of the Valentine deposit) and Equinox Gold (founded by Ross Beaty) underscores ongoing M&A interest in this prolific province, and we intend to remain at the forefront by methodically advancing Great Northern.

Expanding our reach through strategic marketing is also essential for capitalizing on the project’s potential. Each of the groups we have engaged has a proven track record, having contributed to successful awareness campaigns for companies such as Calibre Mining Corp. and Goliath Resources Ltd., among others. By leveraging their expertise and targeted strategies, we aim to connect with a wider investor audience, generate additional market awareness, and unlock the full value of our Newfoundland asset.”

- Sean A. Kingsley, President & CEO

Other related developments from around the markets include:

Barrick Gold reinforced its commitment to growth, reporting significant progress of its key growth projects while achieving its production guidance and setting the stage for continued sustainable value creation, said president and chief executive Mark Bristow in the company’s annual report published. During the year, Barrick completed feasibility studies for the Lumwana Super Pit Expansion in Zambia and the Reko Diq project in Pakistan. Both projects confirmed their Tier One potential, with Lumwana contributing 8.3 million tonnes of copper reserves and Reko Diq adding 13 million ounces of gold reserves and 7.3 million tonnes of copper reserves on an attributable basis. The company also successfully replaced all the gold and copper it mined during the year, more than replenishing the 4.6 million ounces of attributable gold mineral reserve depletion at better grades.

Newmont reported gold Mineral Reserves of 134.1 million attributable ounces at the end of 2024 compared to the Company’s 135.9 million attributable ounces at the end of 2023, inclusive of assets held for divestment. Newmont's go-forward Tier 11 portfolio includes 125.5 million attributable gold ounces and significant Mineral Reserves from other metals, including more than 13.5 million attributable tonnes of copper reserves and 530 million attributable ounces of silver reserves. "Newmont has solidified its position as the gold industry's leader with the highest concentration of Tier 1 assets, reserves and resources," said Tom Palmer, Newmont's President and Chief Executive Officer. "Supported by our industry-leading exploration program, we continue to focus on extending mine life, developing districts and discovering new opportunities in the most favorable mining jurisdictions. Newmont's extensive gold and copper reserve base represents the foundation for stable production and meaningful value creation for the next several decades."

New Gold Inc. reported fourth quarter and full year 2024 results. Full year 2024 production totaled 298,303 gold ounces at all-in sustaining costs of $1,239 per gold ounce. Another quarter of strong cost performance leads full-year 2024 all-in sustaining costs to beat the low end of the guidance range and deliver strong quarterly cash flow from operations of $110 million and free cash flow of $22 million, while still investing in exploration and advancing growth projects that are expected to significantly increase production in the coming years. "2024 was a year of perseverance for New Gold, highlighted by operational discipline and capital management by our operations and our people," stated Patrick Godin, President and CEO. "We delivered all-in sustaining costs better than our guidance range set out at the start of the year despite the impacts to production late in the year. As a result, New Gold delivered three quarters in a row of solid free cash flow generation, while continuing to invest in our projects and exploration, and delivering key catalysts ahead of schedule and on budget."

SSR Mining Inc. announced its full-year 2025 production and cost guidance demonstrating a more than 10% increase in year-over-year gold equivalent production. In 2025, the Company expects to deliver production of 410,000 to 480,000 gold equivalent ounces from its Marigold, CC&V, Seabee and Puna operations at consolidated cost of sales of $1,375 to $1,435 per payable ounce and AISC of $2,090 to $2,150 per payable ounce. Exclusive of Care & Maintenance costs at ??¨pler, the Company expects full-year consolidated AISC would be $1,890 to $1,950 per payable ounce. Rod Antal, Executive Chairman of SSR Mining, said, “We entered 2025 with positive momentum. Our Americas assets, recently bolstered by the acquisition of CC&V, are well positioned for significant production growth and strong cash flows in 2025. In addition, we see attractive and low capital intensity opportunities to potentially extend the mine lives at each of these assets going forward and will continue to progress technical work through the year.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Gold Hunter Resources Inc. by Gold Hunter Resources Inc. We own ZERO shares of Gold Hunter Resources Inc. Please click here for disclaimer.

Contact:

Ty Hoffer
Winning Media
281.804.7972
[email protected]

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