Distributed on behalf of Trident Resources Corp.
After a slight pullback on Federal Reserve rate cut concerns, gold prices are reversing course. All after New York Federal Reserve President John Williams said he expects the central bank can lower its key interest rate from here as labor market weakness poses a bigger threat than inflation. That, coupled with aggressive global central bank buying should continue to serve as a strong catalyst for gold, and for gold related stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Franco-Nevada (NYSE: FNV), and Kinross Gold (NYSE: KGC) (TSX: K).
Also, according to Goldman Sachs, central banks likely bought large amounts of gold in November to diversify and hedge against geopolitical and financial risk. Goldman Sachs also reiterated that gold prices could rally to $4,900 by the end of 2026.
“The bank estimates that roughly 64 tonnes of central-bank gold demand occurred in September, and early indicators suggest November buying may have been similarly strong,” says Trading View. The firm also cited “persistent reserve diversification, continued ETF inflows as rate expectations soften, and robust physical demand from Asia as the main drivers. In its view, any temporary volatility driven by macro data is likely to be overshadowed by consistent central-bank buying and tightening supply conditions.”
One of the Beneficiaries is Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF)
Trident Resources Corp. just received updated Mineral Resource Estimates for its Preview SW, Preview North, North Lake and Greywacke gold deposits. The updated Mineral Resource Estimates were prepared by Bird Resource Consulting Corp. (BRCC) and represent an 18% increase in Indicated gold (Au) ounces now totaling 896,500 combined ounces, and a 190% increase in Inferred gold ounces now totaling 1,129,600 combined ounces across the four deposits when compared to the historical MRE’s calculated in 2021 (Greywacke) and 2022 (Preview SW, Preview North and North Lake).
All four of these deposits are wholly-owned by Trident Resources and are located in the prolific yet under-explored La Ronge Gold Belt of northern Saskatchewan. The Mineral Resource Estimate has an effective date of November 6, 2025.
Highlights:
- Trident reports a significant upgrade to the existing Mineral Resource Estimate using US$2,600 / oz gold (previously calculated at US$1,500 / oz - US$1,700 / oz):
- 18% increase to Indicated resource gold ounces
- 190% increase to Inferred resource gold ounces
- Indicated resources at Trident’s 100% owned Preview SW, Preview North, Greywacke and North Lake deposits total 896,500 combined gold ounces (see Table 1)
- Inferred resources at Preview SW, Preview North, Greywacke and North Lake deposits total 1,129,600 combined gold ounces (see Table 1)
· Drilling recently completed on the Contact Lake Project, with 3 of 19 holes reported, including Hole CL25003 which returned 7.03 gpt gold over 43.25m, including 30.06 gpt gold over 9.25m; this updated Mineral Resource Estimate does not include recent nor historical Contact Lake drill results.
Jonathan Wiesblatt, Chief Executive Officer of Trident, commented: “When we merged Eros Resources, MAS Gold, and Rockridge Resources earlier this year, our vision was clear — to create a Saskatchewan-focused gold exploration company with scale and momentum. Today’s updated Mineral Resource Estimate delivers on that promise, confirming the quality and potential of all four highlighted deposits. But this is only the beginning. With strong funding, a growing asset base, and an ambitious exploration program ahead, we’re poised to unlock even greater value in the La Ronge Gold Belt — and the next phase of our growth story is about to unfold.”
Mr. Wiesblatt continued “With these results, the Company now hosts more than 0.9 million ounces (24.7Mt at 1.13 g/t) of Indicated mineral resources and 1.1 million ounces (38.6Mt at 0.91 g/t) Inferred mineral resources, marking a significant milestone in our growth. Importantly, we see clear potential to expand these totals even further through our ambitious exploration programs planned for the coming months. Reaching this scale in one of the world’s top mining jurisdictions puts the Company firmly on the radar of the broader gold industry and strengthens our strategic position for future development. Trident management eagerly awaits additional analytical results from its recently completed Contact Lake drilling program, where results to date suggest that a robust gold-mineralized system may exist outside of, but proximal to existing historical mining infrastructure.”
Trident commissioned Bird Resource Consulting Corp. (BRCC) to update its Mineral Resource Estimates to coincide with the recent formation of the Company and to better reflect the value of their Saskatchewan gold properties given current commodity prices. Additionally, the Company continues to execute its exploration program at Contact Lake, a former producing gold mine that was shut down in 1998 when the average gold price was approximately $300 (USD) per troy ounce. Contact Lake was not included in the updated Mineral Resource Estimate yet remains a flagship project for the Company with significant exploration potential.
Other related developments from around the markets include:
Newmont announced third quarter 2025 results and declared a dividend of $0.25 per share. "Newmont delivered a robust third quarter performance, producing approximately 1.4 million attributable gold ounces and generating a third-quarter record of $1.6 billion in free cash flow, marking the fourth consecutive quarter with over $1 billion in free cash flow," said Tom Palmer, Newmont's Chief Executive Officer. "We are making significant progress on the cost savings initiatives announced at the beginning of the year, enabling us to meaningfully improve our 2025 guidance for several cost metrics, while maintaining our outlook for production and unit costs in a rising gold price environment. As I prepare to retire at year-end, I am confident that Newmont is well positioned to continue delivering strong performance under Natascha Viljoen's leadership, as she assumes the role of Chief Executive Officer at the beginning of 2026."
Barrick reported third quarter operating and financial results for the period ending September 30, 2025. Barrick produced 829,000 ounces of gold and 55,000 tonnes of copper in the quarter and the Company generated $4.1 billion in revenue, as well as a record $2.4 billion in operating cash flow and $1.5 billion in free cash flow.1 Net earnings per share of $0.76 and adjusted net earnings per share1 of $0.58 increased 62% and 23%, respectively, from Q2. “Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3,” said Mark Hill, Group Chief Operating Officer and Interim President and Chief Executive Officer. “This allowed us to significantly increase share repurchases while also making progress on our key growth projects, maintaining our industry-leading balance sheet. Given the confidence in ongoing cash flow generation and shareholder focus, the Board has approved a 25% increase in the base quarterly dividend. Our portfolio of world-class assets continues to grow, as demonstrated by the generational gold discovery at Fourmile in Nevada.”
Franco-Nevada record quarterly results benefited from a combination of higher gold prices, strong operations, new acquisitions and the sale of Cobre Panama copper concentrate stockpiles. Our acquisition of six meaningful new gold interests over the last 18 months has positioned us for strong growth over the long-term and boosted our gold price exposure, with 85% of our revenue being from precious metals in the quarter. Following these results, we have narrowed our 2025 Total GEO sales guidance range, toward the higher end of our original guidance. After drawing on our corporate revolver to fund the Arthur Gold royalty acquisition in July, the Company is once again debt-free. We are encouraged by the recent constructive comments by the President of Panama toward resolution of the Cobre Panama mine closure. “Looking forward, our deep portfolio of producing, development and exploration stage royalties on primary gold assets is well positioned to grow organically in this strong gold price environment,” stated Paul Brink, CEO.
Kinross Gold announced that the Company’s Board of Directors has approved a 17% increase to its longstanding dividend, which will amount to $0.14 per share on an annualized basis. The Board of Directors has also approved the Company’s quarterly dividend for the third quarter of 2025. The quarterly dividend of $0.035 per common share is payable on December 10, 2025, to shareholders of record as of the close of business on November 26, 2025. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
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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