Distributed on behalf of Trident Resources Corp.
With new global tariff uncertainties, gold prices are quickly nearing $5,200 this morning. This comes after President Trump imposed a global tariff of 15% following the U.S. Supreme Court’s struck down his reciprocal tariffs late last week. According to Trump, “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote in a post on Truth Social, as quoted by CNBC.
As a result, Europe warned that such tariffs could jeopardize U.S. trade deals, which is fueling upside in gold. It’s also fueling upside in gold 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).
Look at Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), For Example
Trident Resources Corp. announced that its Winter 2026 drilling program is being accelerated with the mobilization of a third drill rig. The Company is well funded and is highly encouraged with the visual indications of mineralization thus far in the winter program and has decided to add an additional rig to expedite and expand on the initial drilling plan. Trident intends to continue drilling throughout 2026 while also conducting extensive ground exploration through prospecting, geologic mapping and geochemical sampling across its properties in the La Ronge Gold Belt, which now total to over 130,000 hectares.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
Jon Weisblatt, CEO of Trident, commented: "We are happy to report a third drill rig has been mobilized to the Contact Lake Gold Project to expand on our exploration plans in 2026. We felt this necessary as we are very pleased with the visual indications of mineralization early on in this winter program as we follow-up on high-grade drill results from last year as well as test new targets. We anticipate drilling between 30,000 and 40,000 metres at Contact this year representing one of the largest annual drill programs undertaken in the La Ronge Gold Belt in many decades. Thanks to the strength of our balance sheet, Trident is in the enviable position of being able to aggressively advance the Contact Lake project in 2026. With this drilling our goal is to discover new high-grade zones of gold mineralization, to increase the size of the current mineral resource and to follow-up on the previously reported high-grade drill intercepts from last year. We believe this approach provides the best opportunity to continue expanding the scale and quality of the project.”
Trident currently has two drill rigs operating at the past-producing Contact Lake mine site as part of a planned 10,000-metre winter phase of diamond drilling. The addition of a third rig is expected to increase drilling capacity and advance exploration timelines across the Company’s highly prospective land package. The third rig will initially be drilling in the Preview target area, located 2.5 kilometres east of the Contact Lake mine site and host to two deposits that have current NI43-101 compliant Mineral Resource Estimates. The Preview SW and Preview North deposits are part of the Preview trend, a 4-kilometre mineralized corridor hosted in a NE-trending shear zone that is parallel with the Bakos Shear, host to the Contact Lake mine gold mineralization.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Trident currently has over CAD $32 million in cash and marketable securities, which will be used to expand current gold resources and drill-test highly prospective exploration targets across the Contact Lake Property. The current drilling at Contact Lake will focus on extending high-grade mineralization toward the northeast and will test the BK3 zone, an area that hosts unmined historically defined high-grade gold resources. This drilling includes land-based holes following up on the high-grade zones discovered in the drilling in 2025, as well as drilling to the east on the lake to test zones that haven’t been drilled in almost thirty years.
Contact Lake Drill Collar Location Map:
https://www.tridentresourcescorp.com/_resources/images/Contact-Lake-Gold-Property-20260114.png
The Preview SW deposit, located 2.5 km southeast of the Contact Lake mine site, is hosted in multiple sub-parallel zones within sheared dioritic to gabbroic rocks. The current Mineral Resource Estimate, with an effective date of November 26th, 2025, outlined 314,700 ounces of gold (Au) in the Indicated category, and 531,900 ounces Au in the Inferred category (see Table 1). The Preview North deposit is located 2.6 km northeast of Preview SW within a quartz-filled dilatant jog in a transpressional shear system that hosts both Preview deposits. Preview North hosts 40,800 ounces Au in the Indicated category and 7,400 ounces Au in the Inferred category (see Table 1). The planned Preview winter drill program will seek to expand the resources at Preview SW and Preview North as well as test several prospective targets along the Preview trend.
Contact Lake Gold Project Overview:
The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998.
At the time of mine closure, the price of gold hovered around $300/oz (USD) and Cameco Corporation reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the Contact Lake Property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits. Along with the Greywacke North deposit (located 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and host current Mineral Resource Estimates (see news release dated November 24th, 2025) which does not include any ounces from the past producing Contact Lake target area.
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 14% increase to its longstanding dividend, which will amount to $0.16 per share on an annualized basis. This is in addition to the dividend increase announced in November 2025, representing a total increase of 33% since Q3 2025. The Board of Directors has also approved the Company’s quarterly dividend for the fourth quarter of 2025. The quarterly dividend of $0.04 per common share is payable on March 26, 2026, to shareholders of record as of the close of business on March 11, 2026.
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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