Gold is up 29% to $3,390 since the year began. From here, it could race even higher, potentially testing $3,500 over the next three months, according to analysts at Citi. In fact, as just noted by the firm, “Citi raised its gold price forecast over next three months to $3,500 per ounce on Monday from $3,300, and the expected trading range to $3,300–$3,600 from $3,100–$3,500, on the belief that near-term U.S. growth and inflation outlook has deteriorated,” as noted by Reuters. All of which is also a solid catalyst for gold stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Royal Gold (NASDAQ: RGLD), and Kinross Gold (NYSE: KGC) (TSX: K).
“U.S. growth and tariff-related inflation concerns are set to remain elevated during 2H’25, which alongside a weaker dollar, are set to drive gold moderately higher, to new all-time highs,” added the firm, as also quoted by Reuters. Citi also argues that gold is being supported by weaker labor data, elevated concerns about the credibility of the Federal Reserve, and geopolitical risks, including the ongoing Russia-Ukraine conflict.
Look at Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), For Example
Trident Resources Corp. just announced an upcoming fully-funded 5,000-metre drill program at its high-grade Contact Lake Gold Project, located in the La Ronge Gold Belt of Saskatchewan. This marks Trident’s first drill campaign and the first modern exploration on the historic Contact Lake target in nearly 30 years. The 16-hole program will begin this month as crews have begun to mobilize to the project.
Contact Lake Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
Trident enters this program with over $11 million in cash and marketable securities, fully funding this drill program and positioning the Company to act swiftly on future exploration opportunities across its Saskatchewan portfolio.
“This inaugural drill program is a major milestone for Trident. We’re picking up where Cameco left off - except now, gold trades at over 10x the price it did when they shut the mine. We’re fully funded, highly motivated, and excited to unlock value at Contact Lake,” said Jonathan Wiesblatt, CEO of Trident.
Contact Lake Gold Project Plan View:
https://www.tridentresourcescorp.com/_gallery/album-2/lg/ContactLakeGoldProject2.jpg
Drilling will target the heart of the past-producing Contact Lake Mine, following up on historical high-grade intercepts including:
Location Map of Planned Drill Holes:
http://www.tridentresourcescorp.com/_resources/images/Drill-Plan-NR-202508.jpg
Contact Lake Gold Project Highlights:
- Proven Past Production: 1.0 million tonnes milled at 6.16 g/t Au (190,088 oz gold recovered, Cameco 1999)
- High Recovery: 95% life-of-mine mill recovery
- Untested Zones: Mineralization remains open along strike and at depth
- Historic Resource: Cameco internal estimate suggests significant gold remains
- Infrastructure Ready: Onsite power, highway access, and historic underground workings
Other related developments from around the markets include:
Newmont announced second quarter 2025 results, an additional $3.0 billion share repurchase program and declared a dividend of $0.25 per share. "Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we shared at the beginning of the year," said Tom Palmer, Newmont's Chief Executive Officer. "We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders."
Five years after its formation, the Twiga partnership between Barrick Mining Corporation and the government of Tanzania continues to redefine the role of mining in national development, delivering shared value, operational excellence and long-term investment in the country’s future. “When we established Twiga, it was about more than just resolving legacy issues. It was about building a new future by unlocking Tanzania’s gold endowment in a way that fairly shares the benefits and builds lasting value for all stakeholders. Five years on, we’ve not only re-established Barrick as the sector’s leading economic contributor but have also earned national recognition across a range of areas from safety and local content to education and infrastructure,” Barrick president and chief executive Mark Bristow said.
Royal Gold announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 40,600 gold equivalent ounces (GEOs)1 comprised of approximately 32,200 ounces of gold, 578,700 ounces of silver and 1,100 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2025. RGLD Gold AG had approximately 12,700 ounces of gold and 341,000 ounces of silver in inventory at June 30, 2025. RGLD Gold AG’s average realized gold, silver and copper prices for the second quarter were $3,248 per ounce, $32.91 per ounce and $9,210 per tonne ($4.18 per pound), respectively. Cost of sales was approximately $596 per GEO for the second quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of RGLD Gold AG’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.
Kinross Gold announced its results for the first quarter ended March 31, 2025. "We had an excellent start to the year built on our continued strong operational performance and disciplined cost management, and are well positioned to meet our annual guidance. The Company delivered a 67% increase in margins to $1,814 per ounce sold compared with Q1 2024, significantly outpacing the 38% increase in the gold price over the same period. As a result, we generated over $370 million of free cash flow, more than double over Q1 2024. Our culture of technical excellence and financial discipline, complemented by our consistent operating performance, continues to drive strong margins and cash flow, all of which underpin our capital allocation strategy. In addition to our dividend, we’ve reactivated our share buyback program and, given the current gold environment as well as the strength of our operations, we are aiming to repurchase a minimum of $500 million of shares in 2025. I am pleased to report that we have repurchased approximately $60 million of shares to date in Q2.”
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 Trident Resources Corp. by Trident Resources Corp. We own ZERO shares of Trident Resources Corp. Please click here for disclaimer.
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