Distributed on behalf of Trident Resources Corp.
Gold is still hitting higher highs. In fact, since 2025 began, gold is up 40%. Since 2024, it’s up 78%. Now at $3,661, it could see even higher highs, with Goldman Sachs still calling for the metal to test $4,000 by next year. Goldman also believes gold could test $5,000 if the economy tilts toward recession. All of which is driving many of the top gold stocks to higher highs, too, including Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Iamgold Corp. (NYSE: IAG) (TSX: IMG), and B2Gold Corp. (NYSE AMERICAN: BTG) (TSX: BTO).
Fueling upside, the Federal Reserve just cut interest rates by 25 basis points, its first reduction since December. It also signaled two more cuts this, with a third by early 2026.
Plus, central banks are still buying gold.
As noted by Yahoo Finance, “Gold's new records come as foreign central bank holdings of the precious metal have topped US Treasurys for the first time since 1996, according to Bloomberg data compiled by Crescat Capital macro strategist Tavi Costa, posted on X.”
Also, “If you think this buying streak is ending, just look at what happened in the 1970s. This is likely the beginning of one of the most significant global rebalancings we've experienced in recent history, in my view,” added Tavi Costa on X.
Not only could gold rally even higher, but so could some of the leading gold stocks, including:
Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF)
Trident Resources Corp. just announced an expansion of its current inaugural drill exploration program at its 100% owned Contact Lake Project, located in Saskatchewan. The drill program is focused on confirming historical gold grades and discovering new mineralized zones both adjacent to and below the historical underground mine workings. Trident is very pleased with the drilling progress as well as the visual indications of mineralization thus far, and has elected to increase the program from 5,000m to over 6,500m in 18-20 drill holes. The Company is fully funded for this increase with over C$11M in its treasury.
Contact Lake Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
Drill Program Highlights:
- Excellent progress is being made with the drilling and costs are coming in lower than expected with nearby infrastructure helping to make the drilling more cost-efficient
- Encouraging visual mineralization has been seen in numerous drill holes prompting an expansion in the drilling program
- Additional ~1,500m drilling (~30%) increase to the current 5,000m program for a total over 6,500m in 18-20 drill holes planned
- The program remains fully funded with core samples being split and sent for analytical geochemical testing; assays are pending
Jonathan Wiesblatt, Chief Executive Officer of Trident, commented: “Due to the early visual indications of mineralization and cost-effective execution of the ongoing drilling program, Trident is adding an additional ~1,500 metres of drilling, bringing the total initial diamond drilling program to ~6,500 meters. The additional metres will be focused on the following:
Expanding the known footprint of the deposit by drilling underneath the old mine workings, following up on historical drill holes which intersected high grade gold, and
Closing the gap between the current known mineralization and its extension both down dip and laterally. The Company believes this program has the potential to add to the current know geological model with a minimal amount of additional drilling and positively impact the resource potential of the project.
Further, we expect ample news flow in the coming months from this drill program, technical report updates, and continued consolidation of properties in this prolific gold district.”
Geological Discussion:
Numerous drill holes have been designed to test for the extension of gold mineralization between the historical underground workings and the unmined BK3 Gold Zone, located 50 metres toward the northeast of Trident’s drilling. These holes successfully intersected the Bakos shear at the predicted position, encountering a broad zone of strong alteration and veining that extended from the hanging wall through the shear zone and into the footwall below.
Location Map of Planned Drill Holes:
http://www.tridentresourcescorp.com/_resources/images/Drill-Plan-NR-202508.jpg
The remainder of the drill program will seek to discover gold mineralization at shallow depths and test for extensions of the Main Zone at depth below the historical underground mine workings.
Other related developments from around the markets include:
Newmont announced that the Parliament of Ghana has ratified the renewal of the Akyem East Mining Lease. Per Newmont’s definitive agreement to divest its Akyem operation in the Republic of Ghana, Zijin Mining Group Co., Ltd. agreed to pay Newmont $100 million upon receipt of the Lease Ratification. The payment has been received, bringing total after-tax cash proceeds from the sale of Akyem to approximately $770 million. With today’s announcement, Newmont now expects to generate $3.1 billion in after-tax cash proceeds from its divestiture program in 2025, including $2.6 billion from divested assets and approximately $470 million from the sale of equity shares in Greatland Resources Limited and Discovery Silver Corp. The proceeds will support Newmont’s capital allocation priorities, which include reducing outstanding debt and returning capital to shareholders.
The Fourmile project in Nevada is cementing its position as one of the century’s greatest gold discoveries, updated studies by 100%-owner Barrick show. Backed by ongoing 2025 evaluation results1 and the 2024 mineral resource, the new preliminary economic assessment (PEA) underscores Fourmile’s rare combination of grade, scale and exploration upside, confirming its potential to become one of the world’s leading gold producers. “Fourmile is emerging as a multi-generational project,” says Barrick President and Chief Executive Mark Bristow. “With the ongoing exploration drilling results, we expect to double the resource by the end of this year2 and, even more excitingly, we are continuing to define significant high-grade orebody extensions underpinning the current exploration upside estimate of 32-34Mt @ 15 – 16g/t2 outside of our current 2024 mineral resource. As a result, Fourmile is rapidly competing to be the largest and highest-grade gold discovery this century.”
Iamgold Corp. announced assay results from the ongoing 2025 drilling programs at its Nelligan Project (100% owned by IAMGOLD) and its Monster Lake Project (100% owned by IAMGOLD) confirming the extension of the mineralized zones of both deposits. Nelligan and Monster Lake are located 15 km apart with the combined exploration camp accessible by road approximately 60 km southwest of Chibougamau in central Quebec, Canada. "I want to congratulate our exploration team as they continue to expand the mineralized envelope of Nelligan and intersect high-grade veins at Monster Lake," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "The Nelligan and Monster Lake camp has seen rapid growth from a relatively conservative drill program prior to this year, and these results confirm our decision to continue to increase our exploration activities within this camp. When you combine Nelligan with the high-grade satellite Monster Lake deposit, there are nearly 9 million ounces of resources in this mining camp already, positioning Nelligan among the largest gold projects in Canada with significant potential for further growth. Together, the Nelligan and Monster Lake camp offers a compelling opportunity for organic growth, further positioning IAMGOLD as a leading mid-tier mining company with a high-quality pipeline in a stable, mining-friendly jurisdiction like Canada."
B2Gold Corp. just confirmed 2025 total annual gold production of between 970,000 and 1,075,000 ounces. Project commissioning activities are nearing completion at the Goose Mine. Since first gold production in late June 2025, the Goose mill is achieving consistent performance and daily throughput is increasing. Current daily throughput is approximately 75% of the 4,000 tonnes per day design capacity (above the Company’s targeted average commercial production rate of 65% of the design capacity) and will increase to full design capacity in the near term. B2Gold anticipates achieving commercial production at the Goose Mine in the coming weeks. The Goose Mine is currently operating, and plans to achieve commercial production, with the use of supplemental mobile crushing capacity to ensure a consistent feed of crushed ore to the mill, as crushing plant capacity has been limited during the third quarter of 2025.
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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