Distributed on behalf of Blue Jay Gold
Last trading at $4,511, gold prices could rally to $5,000, according to analysts at UBS. That outlook is bullish not only for gold, but also for gold-related stocks such as Blue Jay Gold (TSXV: JAY) (OTCQB: JAYGF), Newmont Corporation (NYSE: NEM), Barrick Mining (NYSE: B) (TSX: ABX), Kinross Gold (NYSE: KGC) (TSX: K), and Alamos Gold (NYSE: AGI) (TSX: AGI). In fact, according to UBS, a weaker U.S. dollar and continued strong demand from central banks could help drive gold to $5,000 in the first half of 2027.
“Central banks never stopped buying,” added Patrick Kennedy, founder and managing partner of All Source Investment Management, as quoted by CNBC. “The PBOC [People’s Bank of China] added 19.9 tons in July, its largest monthly purchase since October 2023 and its 21st consecutive month of accumulation.”
In addition, billionaire investor John Paulson is also bullish on gold. “I do think we’re in the beginnings or the early stages of a long-term bull market for gold,” Paulson told CNBC. “As people lose faith in paper currencies, gold as an alternative will continue to grow.” He added, “Gold is becoming the most apt reserve currency in the world, replacing fiat currencies. The demand from central banks, for instance, has continued to grow, as has the private sector.”
Look at Blue Jay Gold (TSXV: JAY) (OTCQB: JAYGF), For Example
Blue Jay Gold Corp. just announced that metallurgical studies using >400 kg of stibnite-rich mineralization from the Becker-Cochran antimony prospect have commenced. Becker-Cochrane forms part of an 8 km wide antimony anomaly on the Company’s on 100%-owned Steller Gold Project in southern Yukon. ALS Metallurgical Laboratories in Kamloops, British Columbia, are co-ordinating the processing flowsheet testing, and results are due later in September. The program aims to augment earlier conventional processing work that was carried out on this prospect area in 1965 to produce high grade stibnite concentrates that exceed 62% antimony. Antimony is designated a critical mineral by both Canada and the United States.
Blue Jay's 2026 exploration program remains focused on the gold and silver program with drill rigs turning on the Skukum Creek Structural Corridor as well as at Mt. Skukum. What the historical record at Becker-Cochran does provide is further evidence of something the Company has said since acquiring Steller: this is a mineralized district, not just a single deposit system. On the east side of the property sits the antimony-rich mineralization that inspired a generation of exploration that pre-dated the discovery of high-grade gold mineralization at Mt Skukum that took the project area into production. These gold and antimony-rich mineralized areas are deemed to have formed during the same period of Eocene magmatic-epithermal activity and demonstrate the capability of these expansive systems to produce several deposits, in different styles, carrying different metals.
“The part of this story that gets overlooked is that somebody already tested the metallurgy,” said Geordie Mark, CEO of Blue Jay Gold. “In 1965 the federal government’s own mineral processing laboratory took a bulk sample from Becker-Cochran and reported concentrates exceeding 62% antimony at a recovery of 92.8%1, above the 50% antimony threshold considered premium material. Those historical data points are not compliant to today’s metrics and hence provide a great opportunity to reexamine using new technologies that are 60 years more advanced. Should our work confirm and or improve on historic efforts it is fair to say that we hold a critical mineral system with a metallurgical head start, on a property where our rigs are already drilling for gold and silver. That is what district scale means to me: one land package that can be endowed with more than one deposit, which the potential for enrichment in more than just one metal.”
The History of Antimony at Becker-Cochran
Steller is known today as a gold property, and with good reason. But the first metal to witness appreciable exploration was antimony, and that happened a very long time ago.
In 1898, prospectors descended on into the Wheaton River country. By 1906 they had found antimony showings on the flank of Carbon Hill, at a place that came to be known as Becker-Cochran. In 1912 Dr. D. D. Cairns of the Geological Survey of Canada published a full account of them in Memoir No. 31, describing an unusual class of antimony-silver deposit “known in but few localities in the world.” Stibnite, the mineral antimony is mined from, was in places abundant enough to make up nearly the entire filling of the veins.
Half a century later, a company was built specifically around that ground. Yukon Antimony Corporation Ltd. was incorporated in July 1964, listed on the Vancouver Stock Exchange, and assembled 172 claims over the Carbon and Chieftain Hill showings. Work started on surface expressions of mineralization, and the Company commenced underground work in September 1965.
What the 1960s Test Work Showed
In the autumn of 1964, an approximately 8-ton bulk sample was transported for metallurgical testing. Part of the material went to the Mineral Processing Division of the federal Department of Mines and Technical Surveys in Ottawa; a comparable sample went to Britton Laboratories Limited in Vancouver, under the supervision of Wright Engineers Limited. On July 6, 1965, the Mineral Processing Division reported its results. In its own words: “In our best flotation test, 92.8% of the antimony content was recovered in a concentrate1.”
For an antimony project, three questions decide almost everything: does the stibnite float; does it float into a high-grade concentrate; and is that concentrate clean enough to sell without penalty. In 1965, on this material, the answer given to all three was yes.
Those results are historical in nature and a Qualified Person has not done sufficient work to verify or classify the historical information as current mineral resources or mineral reserves, and the Company is not treating it as such. They were produced sixty years ago, to procedures and quality controls that cannot be verified today, on material the Company did not collect and cannot confirm was representative. They have not been verified by a Qualified Person, they are not necessarily indicative of the results of the current test program, and they should not be relied upon.
Why This Matters Now
Antimony sits on the critical minerals lists of Canada, the United States, the European Union, Australia and Japan. It goes into flame retardants, batteries, semiconductors, glass, as well as ammunition and other defence applications, in large volumes, with few practical substitutes. It is also one of the most concentrated supply chains that reside outside Western mining and manufacturing in the industrial world: hence, its critical nature to the countries mentioned above. While mining is concentrated; refining to antimony metal products is more concentrated still, and Western refining capability has been anemic and reliant on metal imports for decades leaving the respective countries strategically exposed to exogeneous supply. That arrangement worked until it was tested. When exports were restricted, buyers in North America and Europe discovered how little domestic capacity stood behind them. While the rising price of the metal made the point, the fear of supply unreliability weighed far more heavily. Governments across the Western world have since designated antimony a critical mineral and begun allocating capital to stockpiles, refineries and enhancement of domestic supply. What that leaves is a metal with real strategic demand, an established industrial domestic markets, with a need to bolster local supply to enhance vertical integration.
(1) Further detail regarding the Becker-Cochran occurrence, including its discovery, historical exploration, development and sampling, and regarding the Steller Gold Project and its current Mineral Resource Estimate, is set out in the technical report entitled “Technical Report and Updated Mineral Resource Estimate of the Steller Gold Project, Whitehorse Mining District, Yukon Territory, Canada,” prepared for the Company by P&E Mining Consultants Inc. with an effective date of October 31, 2025, available under the Company’s profile on SEDAR+ at www.sedarplus.ca. The historical metallurgical results quoted above are drawn from reports prepared for or on behalf of Yukon Antimony Corporation Ltd. between 1964 and 1966, including the concentration report of the Mineral Processing Division, Department of Mines and Technical Surveys, dated July 6, 1965. https://data.geology.gov.yk.ca/assessment-report/202 https://data.geology.gov.yk.ca/mineral-occurrence/12812 https://data.geology.gov.yk.ca/assessment-report/3639
Other related developments from around the markets include:
Newmont announced second quarter 2026 results and declared a dividend of $0.26 per share. "Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second quarter free cash flow of $2.2 billion, while remaining on track to achieve our full-year 2026 guidance,” said Natascha Viljoen, Newmont’s President and Chief Executive Officer. “Supported by our strong balance sheet and consistent capital allocation framework, we returned $1.9 billion to shareholders through quarterly dividends and ongoing share repurchases executed since our last earnings call, while continuing to invest in the long-term strength of our business.” Q2 2026 Results: On track to meet Newmont's full year 2026 production guidance of 5.3 million attributable gold ounces; produced 1.3 million attributable gold ounces, as well as 7 million ounces of silver and 17 thousand tonnes of copper, primarily from Newmont's managed operations. Gold by-product Costs Applicable to Sales (CAS) was $1,043 per ounce and All-In Sustaining Costs (AISC) was $1,621 per ounce, with year-to-date costs tracking well below Newmont's full year cost guidance. Reported Net Income of $2.2 billion, Adjusted Net Income (ANI) of $2.2 billion or $2.10 per diluted share, and Adjusted EBITDA of $3.8 billion. Generated $2.9 billion of cash from operating activities, net of working capital impacts of $90 million; reported record second quarter Free Cash Flow of $2.2 billion. Delivered $1.9 billion of shareholder returns through share repurchases and dividend payments since the last earnings call; declared a dividend of $0.26 per share of common stock for the second quarter of 2026
Barrick announced that it has agreed to subscribe for 15,470,934 units of Kingfisher Metals Corp. in a non-brokered private placement at a price of C$1.35 per Unit, for total consideration of approximately C$20,885,761. Each Unit is comprised of one common share and one-half of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Kingfisher common share at a price of C$1.70 per common share. Barrick does not currently own any Kingfisher Shares. Following closing of the Private Placement, and as a result of its acquisition of Units, Barrick will hold approximately 9.9% of the outstanding Kingfisher Shares on a non-diluted basis and 14.1% of the outstanding Kingfisher Shares on a partially-diluted basis, assuming the exercise of all warrants held by Barrick.
Kinross Gold announced that the Company’s Board of Directors has declared a dividend of US$0.04 per common share for the second quarter of 2026. The dividend is payable on September 3, 2026, to shareholders of record as of the close of business on August 20, 2026. In addition, the company provided a high-level update of the 2021 feasibility study (“FS”) economics for its Lobo-Marte project in Chile to account for inflationary impacts and advancement of the execution strategy since 2021. J. Paul Rollinson, CEO, made the following comments in relation to the project’s announcement: “Lobo-Marte is an exciting, high-quality development opportunity in our portfolio. The initial mine plan is expected to contribute 4.6 million ounces of production over a 15-year operating life, with a substantial resource inventory beyond that. The project’s combination of scale and low operating and capital costs generates attractive returns and underscores its potential to become a cornerstone asset for Kinross. Lobo-Marte is expected to be a meaningful contributor to our long-term production profile while extending our presence in Chile well into the 2040s. Our team has made significant progress across permitting, engineering and execution planning to support the long-term development of the project. We were pleased to recently welcome the President of Chile, José Antonio Kast, to our Copiapó office to discuss Kinross’ long-term commitment to Chile and our development pipeline in the Atacama Region. Chile is a world-class mining jurisdiction and we appreciate the government’s focus on providing a stable framework that supports responsible investment, sustainable development, and long-term economic growth. We believe Lobo-Marte will create long-term value for shareholders while delivering meaningful economic and employment benefits for local Indigenous communities and businesses in Chile.”
Alamos Gold reported its financial results for the quarter ended June 30, 2026. “We produced 130,600 ounces in the second quarter, meeting our revised quarterly guidance, and up 5% from the first quarter. The Island Gold District had a solid quarter from multiple perspectives, including delivering record underground mining rates, milling rates and production. This offset lower than expected production from Mulatos and Young-Davidson. As previously disclosed, we are expecting lower mining rates at Young-Davidson in the second half of 2026 resulting in a temporary reduction in production and increase in costs. We have revised our full year consolidated production and cost guidance with lower production from Young-Davidson the primary driver,” said John A. McCluskey, President and Chief Executive Officer. “We expect stronger production and significantly lower costs in 2027 driven by improved results from Young-Davidson, as well as low-cost growth from the Island Gold District. In addition to performing well operationally, work on the shaft and mill expansion at the Island Gold District is progressing well with both expected to be key drivers of growing production and declining costs over the next several years.”
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 Blue Jay Gold by Blue Jay Gold. We own ZERO shares of Blue Jay Gold. Please click here for disclaimer.
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