VANCOUVER – Baystreet.ca News Commentary – Central banks purchasing 900 tonnes annually and ongoing Federal Reserve easing have pushed gold above $4,000 per ounce[1], but the real multiplier effect plays out in mining economics where fixed production costs meet surging revenue. This operational leverage traditionally amplifies gold's moves by 2-3x in mining equities, yet the current rally has seen surprisingly muted stock performance relative to the metal's 50% year-to-date gain[2], creating a valuation gap that historically corrects violently to the upside once institutional capital rotates into the space. With all-in sustaining costs stable while gold prices soar, producers and developers are generating free cash flow at levels that seemed impossible just months ago, benefiting companies across the development spectrum including RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NFG), Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF), Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF), and Tectonic Metals Inc. (TSXV: TECT) (OTCQB: TETOF).
Major investment banks now project $4,900 gold by December 2026, underpinned by structural demand shifts as emerging market central banks diversify away from dollar reserves while Western investors pile into gold ETFs ahead of further rate cuts[3]. The convergence of record prices, expanding margins, and sustained institutional buying pressure is creating conditions where mining stocks historically deliver their strongest relative performance, rewarding investors positioned in quality operators before the broader market recognizes the earnings leverage embedded in current valuations.
RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) recently delivered exceptional high-grade results back in September from its expanding Auld Creek project, including standout intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq. These latest results demonstrate significant strike extension of the current resource, positioning the company for substantial resource growth by year-end. The company has also made promising regional discoveries, with rock chip samples grading 14g/t gold found over 30km south of Reefton.
"These drill results from Auld Creek have significantly expanded the scale and potential of the project and put us well on the way to growing the resource base as we announced last month," said Robert Eckford, CEO of RUA GOLD. "Importantly, the mineralized system has been extended both vertically and along strike and remains open in all directions."
The company recently announced a major expansion to its Reefton drill campaign, mobilizing a third rig and targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end. RUA GOLD also has a third rig drilling at targets across the remainder of the district, focusing on highly ranking prospects highlighted by its VRIFY AI targeting process.
With momentum building and results accelerating, RUA GOLD just announced an ambitious Q4 conference schedule that will showcase the company's high-grade gold-antimony story to institutional investors across three continents. The executive team will present at six major mining investment events spanning Munich, New York, Sydney, New Zealand, and Zurich throughout October and November.
"We're excited to showcase RUA GOLD on this global stage and connect with some of the top minds in mining investment," said Eckford. "With antimony supply tightening and gold reaching further record highs, RUA GOLD is positioned to be the next explorer transitioning to developer in New Zealand."
The conference circuit kicked off at Munich Mining Conference on October 3-4, where CFO Zeenat Lokhandwala presented to over 1,000 German retail investors. The schedule continues with the Metals & Mining Virtual Investor Conference (October 7-9), Hidden Gems Conference in New York (October 20-21), and the International Mining and Resources Conference in Sydney (October 21-23), where COO Simon Henderson will represent RUA GOLD within the New Zealand pavilion. The tour concludes with the West Coast Minerals Forum in New Zealand (October 30) and the prestigious Swiss Mining Institute Conference in Zurich (November 20-21).
The Reefton Goldfield is a historically prolific district that produced more than 2 million ounces at grades up to 50 g/t. RUA GOLD now controls 120,000 hectares (roughly 95%) in the area and has confirmed multiple stacked mineralized shoots at Auld Creek, including previous standout intercepts of 2.1 m at 64 g/t AuEq (5.5 g/t gold and 13.1% antimony).
Antimony continues to be a major tailwind for the company's positioning, with prices surging past US$50,000 per tonne in 2025 following China's export restrictions. New Zealand has formally designated it as a critical mineral, adding further significance to RUA GOLD's dual-commodity profile. Surface samples have returned over 40% Sb, and several drill holes exceed 8%, grades rarely seen this early in a project's development cycle.
On the North Island, drill access applications have been submitted for RUA's Glamorgan project in the Hauraki Goldfield, home to the 10 Moz Martha mine. Glamorgan's 4 km gold-arsenic anomaly has been refined using VRIFY's DORA AI engine, with drilling expected to begin in Q4.
With $14 million in cash and a leadership team behind US$11 billion in prior exits, RUA GOLD is well-positioned to deliver meaningful discovery growth across both islands.
CONTINUED… Read this and more news for RUA GOLD at: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
In other industry developments and happenings in the market include:
New Found Gold Corp. (NYSE-American: NFGC) (TSXV: NFG) has confirmed high-grade gold mineralization at surface through channel sampling at the Iceberg excavation on its Queensway Gold Project in Newfoundland, with results including 64.8 g/t Au over 6.71 m, 23.9 g/t Au over 15.12 m, and 113 g/t Au over 2.99 m. The program systematically sampled 185 m of continuous exposure with 964 m of channel samples at 7.5 m intervals across 45 channel lines, designed to incorporate detailed surface data into future mineral resource estimates.
"Our recently completed channel sampling program has further demonstrated the continuity of at-surface, high-grade gold mineralization across 185 m of continuous exposure at Iceberg, one of the zones we have targeted for Phase I custom milling in the Queensway Preliminary Economic Assessment," said Melissa Render, President of New Found Gold. "The ability to map and channel sample this and other key zones at Queensway is an important step in derisking the Project. As in the drilling of Iceberg, channel sampling returned broad intervals of coarse, high-grade gold mineralization."
The company has commenced a 70,000 m drill program with approximately 80% focused on the AFZ Core area, and has completed excavation at the Lotto zone with channel sampling expected to conclude shortly. An infill drill program covering proposed PEA Phase 1 open pits is ongoing and expected to be completed in Q4/25, with the objective of converting resources from inferred to indicated.
Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) reported third quarter 2025 production of 122,086 oz of gold from its Fruta del Norte mine in Ecuador, consisting of 78,172 oz produced as concentrate and 43,914 oz as doré. The mill processed 484,296 tonnes of ore at an average throughput rate of 5,264 tonnes per day with an average grade of 8.9 g/t and recoveries of 88.2%.
"Our strong performance this quarter propels our year-to-date gold production to 378,832 ounces, which has us well on track to meet our 2025 production guidance of 490,000 to 525,000 ounces," said Ron Hochstein, President and CEO of Lundin Gold. "Our debottlenecking efforts around the processing plant continue to be successful, having achieved a record quarterly average production rate of 5,264 tonnes per day. We also see ongoing room for improvement in gold recoveries."
Year-to-date gold production has reached 378,832 oz, positioning the company to meet its 2025 production guidance. The company will publish its third quarter 2025 results on November 6, 2025, after market close, with a conference call and webcast scheduled for November 7, 2025.
Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF) reported Q3 2025 production of 119,034 oz AuEq payable and 118,082 oz AuEq sold from its Morelos Complex in Mexico, bringing year-to-date payable production to 261,520 oz AuEq based on average market prices. The company continues to target the low end of annual payable production guidance of 400,000 to 450,000 oz AuEq at guidance metal prices.
"Our operational performance at Morelos was exceptional during the third quarter, with payable gold equivalent production of 119,034 gold equivalent ounces based on average market prices," said Jody Kuzenko, President & CEO of Torex Gold Resources Inc.. "The production we delivered in Q3 demonstrates the steady-state potential of Morelos now that the Media Luna Project is complete, which, combined with an improving cost profile and record metal prices, is expected to result in significant free cash flow generation for the foreseeable future."
At Media Luna, the mine ramp-up is tracking ahead of plan with mining rates above the targeted 6,000 tpd as of quarter-end, supported by completion of the third ore pass and paste plant. With mine development rates ahead of plan and the final ore pass on schedule for year-end completion, Media Luna is well positioned to achieve the designed mining rate of 7,500 tpd by mid-2026, while the processing plant exceeded the design rate of 10,600 tpd with gold and copper recoveries slightly ahead of design levels.
Tectonic Metals Inc. (TSXV: TECT) (OTCQB: TETOF) has commenced Phase Two drilling at its Flat Gold Project in Alaska, deploying two diamond core rigs and one reverse circulation rig targeting over 9,000 m of drilling through late October 2025. Combined with Phase One, the company expects to complete over 16,000 m in 2025, the largest drill campaign in both company and project history, with systematic delineation drilling at Chicken Mountain to support a maiden mineral resource estimate.
"Phase One at Flat delivered on every objective, with over 7,700 metres drilled across multiple intrusion targets, and our very first hole of the 2025 returned two strong zones of mineralization, including high-grade gold such as 4.0 g/t Au over 21.34m with 13.55 g/t Au over 4.27m," said Peter Kleespies, VP of Exploration of Tectonic Metals. "Phase Two builds on that momentum with systematic delineation drilling at Chicken Mountain – the largest and most advanced system on the property – while also stepping out at Alpha Bowl, where we have made one of Alaska's newest high-grade gold discoveries."
The company has made significant investments in logistics and infrastructure to enable an early spring 2026 restart and transition toward year-round operating capacity. A completed 86 line-kilometer induced polarization geophysical survey has identified several compelling new targets, with Phase Two designed to deliver a supplementary dataset supporting a maiden mineral resource estimate and establishing the technical foundation for a future Preliminary Economic Assessment.
Article Source: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/
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SOURCES CITED:
1. https://www.cbsnews.com/news/why-is-the-price-of-gold-rising-4000-ounce-economy/
2. https://discoveryalert.com.au/news/gold-miners-benefiting-record-prices-2025/
3. https://www.investing.com/news/commodities-news/goldman-sachs-raises-its-gold-price-target-to-4900-by-end2026-4274295