Distributed on behalf of Trident Resources Corp.
With central banks aggressively buying gold, Goldman Sachs just revised its central bank gold demand model to account for gaps in trade data, says Kitco.com. In March, the firm raised its central bank forecast to about 50 tonnes per month, up from 29. Nowadays, it expects for central banks to average about 60 tonnes per month, through the year, thanks to geopolitical uncertainties. Not only is that bullish for gold, but it’s also bullish for gold stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Newmont Corporation (NYSE: NEM), Barrick Mining (NYSE: B) (TSX: ABX), Hecla Mining (NYSE: HL), and AngloAshanti (NYSE: AU). Goldman Sachs also has a price target of $5,400 for gold.
In addition, according to the World Gold Council, central banks bought 244 tonnes of gold in the first quarter of 2026. In April, central banks purchased 19 tonnes. And, according to a June 2026 World Gold Council report, “Poland remained the top buyer in the month (14t), while China intensified its pace of purchases: it’s 8t net purchase is the highest since December 2024 and extends its current buying run to 18 consecutive months. The Czech Republic shows similar consistency in purchases, having bought 3t in April, its 38th consecutive monthly purchase. Meanwhile, Russia continues its sales streak this month (6t), with y-t-d sales of 22t.”
Look at Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), For Example
Trident Resources Corp. announced that all geologic and drilling personnel and equipment, including two drills, have been mobilized to the Contact Lake Gold Project for the onset of the 2026 summer drill program. Trident plans to drill over 20,000 metres in approximately 35 drillholes at the Contact Lake project between June to November. Furthermore, assays are still pending for seven holes from the winter program at the Contact Lake target area as well as eleven holes from the Preview SW deposit located 3km to the southeast.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Drilling activities will be focused on expanding the known gold mineralization both along strike and at depth as the Contact Lake deposit remains open for expansion in all directions. The recently completed 2026 winter drill program successfully extended high-grade gold mineralization to the northeast at the BK3 zone. The summer program will seek to grow the resource base along strike to the west and at depth in multiple prospective target areas.
Contact Lake Drill Collar Location Map:
https://www.tridentresourcescorp.com/_resources/images/Contact-Lake-Drill-Collar-Location-Map.jpg
Contact Lake is a shear-hosted orogenic gold deposit, a type of mineral deposit that can host high-grade gold mineralization at depths that exceed 1000m in depth. Mine production at Contact Lake reached a maximum depth of 340m at the time of closure in 1998, despite drill-defined gold intercepts below that level. With only limited drilling, Trident successfully discovered significant gold mineralization at vertical depths >500m below surface during the fall 2025 drill program and will seek to extend those high-grade zones in the coming months.
Jon Wiesblatt, CEO of Trident Resources, stated: “Following the exceptional success of our 2025 and early 2026 drilling campaigns, Contact Lake is rapidly emerging as one of the most exciting high-grade gold projects in Canada. The project continues to exemplify the key characteristics associated with some of Canada's most successful gold discoveries, including exceptional grades, multiple stacked mineralized structures, strong continuity, and significant expansion potential both along strike and at depth. With mineralization now confirmed more than 500 metres below surface and the deposit remaining open in all directions, we believe we are only beginning to unlock the true scale of this system.”
“Our +20,000-metre summer drill program represents the largest single exploration phase in many decades at Contact Lake and reflects our commitment to aggressively advancing and expanding the project. Beyond growing the known mineralized footprint, we are also focused on new discoveries and systematically exploring our surrounding land package, including the Preview and Greywacke deposits, as we work toward establishing a district-scale gold system in the heart of the La Ronge Gold Belt. We believe the combination of multiple gold deposits, past-producing mines, extensive infrastructure and notable exploration upside all position Trident to advance Canada's next emerging gold camp and create significant long-term value for our shareholders.”
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 by road 40km northeast of Contact Lake), these four deposits are wholly-owned by Trident Resources and host current Mineral Resource Estimates (Trident news release November 24, 2025) which do not include any gold-related ounces from the past-producing Contact Lake target area.
Other related developments from around the markets include:
Newmont reported gold Mineral Reserves of 118.2 million attributable ounces at the end of 2025 compared to 134.1 million attributable ounces at the end of 2024, mainly driven by the divestment of assets in 2025. Newmont's portfolio includes significant reserves from other metals, including 12.5 million attributable tonnes of copper reserves and 442 million attributable ounces of silver reserves. "In 2025, Newmont maintained its position of having the industry's largest gold reserve base, declaring 118 million ounces of reserves, representing decades of production life with meaningful upside," said Natascha Viljoen, Newmont's President and Chief Executive Officer. "Through the disciplined application of technical rigor in our leading exploration program, we remain focused on extending mine life, discovering new opportunities, and unlocking value across our world-class portfolio of operations and projects."
Barrick provided an update on the status of the Reko Diq project. On February 5, 2026 the Company announced that it was reviewing all aspects of the project in light of the escalation of security risks and increased security incidents. Barrick continues to believe in the long-term value of Reko Diq. Following the preliminary findings of the review and the further escalation of security issues in Pakistan and the region, the Company considers it necessary to slow the development activity and continue the project review until mid-2027. The continued review will allow the Company to assess in a comprehensive manner the evolving security situation, capital requirements, project financing, project scope and timeline. While development activity will be slowed, the project will remain under active management with a reduced capital spend. Development of Phase 1 of the Reko Diq project was approved on this basis. Barrick recognizes its important role in the local community and intends to continue to invest in and honor its existing in-country community and social programs.
Hecla Mining announced first quarter 2026 financial and operating results. "Prior quarter" refers to the fourth quarter of 2025. Rob Krcmarov, President and Chief Executive Officer, said: “The first quarter demonstrates the strength of the platform we have built. The closing of the Casa Berardi sale sharpened our focus on silver and enabled us to redeem our Senior Notes in April, leaving Hecla debt-free with a $225 million undrawn revolver and the strongest balance sheet in the Company’s recent history. What further excites me is the quality of the organic growth initiatives advancing across our portfolio — from the Greens Creek pyrite concentrate circuit and potential Midas restart to our near-doubling of exploration investment in 2026. These opportunities, backed by a debt-free balance sheet and world-class operations, position Hecla to deliver compelling long-term value with best-in-class silver exposure."
AngloAshanti announced the Technical Report Summary for the Arthur Gold Project, showing a Tier One gold deposit with robust economics and strong potential for further growth in southern Nevada’s Beatty Mining District. With the completion of the pre-feasibility study, a first time Probable Mineral Reserve of 4.9Moz of contained gold (88Mt at 1.75 g/t) and 7.8Moz of contained silver (88Mt at 2.76g/t) was reported as at 31 December 2025. This supports an initial nine-year mine life with average annual production of approximately 500,000oz. At the Merlin deposit, there is also a gold Indicated Mineral Resource of 1.0Moz and gold Inferred Mineral Resource of 5.5Moz additional to the Mineral Reserve as at 31 December 2025.3,4 Silver by-product at Merlin includes an Indicated Mineral Resource of 2.0Moz and an Inferred Mineral Resource of 13.7Moz. Aggressive drilling programmes remain underway with the aim to convert additional Mineral Resource, expand the mineralised footprint and support technical studies. “The Arthur Gold Project is a cornerstone of our strategy to build a world-class, long-life production platform in the US,” said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. “With average annual production of approximately 500,000oz in its initial phase, with some years projected to be well in excess of that, the project delivers immediate scale in a premier mining jurisdiction. This is just the beginning. With a world class orebody and a disciplined capital approach, we have a clear roadmap to growth and long-term shareholder value.”
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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