Distributed on behalf of Blue Jay Gold
Gold could be heading toward another major rally, with analysts at Morgan Stanley forecasting that prices could reach $5,000 per ounce by 2027. All of which could serve as a key catalyst for companies 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, Morgan Stanley’s outlook is supported by several factors. For one, the firm is seeing higher investment demand through gold exchange-traded funds. In fact, after seeing about “93 tonnes of net outflows in May and June, gold ETFs attracted about 70 tonnes of inflows across July and August,” as noted by Canadian Mining Report.
In addition, as also noted by Canadian Mining Report, there’s greater demand from central banks, adding that, “Morgan Stanley noted that China has added roughly 60 tonnes of gold so far in 2026, its strongest annual pace of accumulation since 2023. Poland has been an even more aggressive buyer, adding 82 tonnes and lifting its holdings to approximately 632 tonnes as it progresses toward a longer-term 700-tonne target. Global central bank net purchases remain elevated relative to historical norms.”
One of the Potential Beneficiaries is Blue Jay Gold (TSXV: JAY) (OTCQB: JAYGF)
Blue Jay Gold Corp. announced that it has commenced drilling at the Becker-Cochran antimony-silver occurrence on its 100%-owned Steller Gold Project (“Steller” or the “Project”) in southern Yukon (Figures 1&2). The Company has planned ten drill holes to test the target. Blue Jay also expects to receive and publish initial assay results from its 2026 drill program at the Skukum Creek and Mt. Skukum gold-silver deposits in September.
"The underground development at Becker-Cochran stopped in the 1960’s because the antimony price collapsed, not because the target wasn't promising," said Geordie Mark, CEO of Blue Jay Gold. "The scope of earlier works were limited by time, and not the scale of the antimony systems. Mineralizing systems of this style extend laterally for several kilometres, and the surface exposures at Becker-Cochran carry stibnite needles set in opaline silica and chalcedony textures. Textures of that kind typically form at or near the top of such a system. The Company's interpretation is that the historical underground development, which reached less than 100 metres below the surface outcrop, worked only the uppermost part of the system, and that the system may extend as much as 600 metres below surface. That figure is based on our own interpretation of the available data.”
“We see considerable potential to extend the defined lateral and vertical continuity of mineralization of the system. We have designed a Phase 1 drill program at Becker-Cochran to test extensions of known antimony mineralization, complementing our ongoing metallurgical work assessing antimony concentrate product quality. Antimony is a critical mineral the Western world is short of, and we have it right here in our backyard. If these holes tell us what we hope they will, Steller carries a second and entirely different endowment alongside its known gold and silver resources and that is exactly why we believe Steller is a district play rather than a single deposit."
What the Becker-Cochran Drill Program Is Testing
The holes are planned along the strike length of the historical underground development at Becker-Cochran and are designed to test the down-dip continuation of the mineralized shear zone below the two levels developed in the mid-1960’s.1
Historical workings only outlined the zone over a limited vertical extent, so the mineralized footprint is defined by the available data rather than by geology, a gap tied to the antimony price falling out of favour at the time. The zone remains open for exploration targeting.
Figure 1. Steller Gold-Silver Project (170 km2) in southern Yukon, showing the distribution of gold-(silver) deposits (e.g., Skukum Creek and Mt Skukum), as well as antimony prospects (e.g., Becker-Cochran and Porter). Steller Project area underlay comprised of pseudo-colour TMI from airborne magnetic survey data, which drapes over grey-scale regional satellite image.
Figure 2. Kilometre-scale antimony soil and rock anomaly over Steller Project. (Left): Colour contoured rock and soil survey showing antimony anomaly over Steller Project area (East). (Right): Pseudo-colour Total Magnetic Intensity Map over Steller Project area (East).
The Workings the Drill Follows
Antimony was found on the flank of Carbon Hill in 1906, and the belt was mapped by the Geological Survey of Canada in 1912. In 1964 Yukon Antimony Corporation Ltd. was formed to develop it. The company stripped the Becker-Cochran showing along strike, and in 1965 began driving a tunnel, developing the zone underground on two levels, and mapping and sampling what was uncovered. Workings have remained dormant since that time.1
Becker-Cochran, One of the Many Targets at Steller
Drilling at Becker-Cochran has been part of the Company's 2026 exploration plan from the outset. Blue Jay is drilling a number of targets at Steller this year, and Becker-Cochran is a deliberate exception to the Company's core gold and silver drill target focus, forming no part of the Project's current Mineral Resource Estimate.
What the historical record at Becker-Cochran does provide is further evidence of something the Company has said since acquiring Steller: this is a district, not a single deposit. The approximately 170 km² land package, located 55 kilometres south of Whitehorse and accessible by road, includes a mine that has already produced gold, two additional gold and gold-silver deposits hosted in different geological styles, a processing plant, and kilometres of underground workings. On the eastern side of the property lies the antimony ground that attracted an earlier generation of prospectors. All of it traces back to Eocene-age magmatic-epithermal activity manifesting a widespread mineralized system, and systems like this rarely leave only one deposit behind. Becker-Cochran is not a departure from the plan. It is another target within a property that continues to unveil its potential to host multiple attractive mineralized targets.
(1) Further detail regarding the Becker-Cochran occurrence, including its discovery, historical exploration, underground development, drilling 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.
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 the appointment of Sebastiaan Bock as Chief Executive Officer, Rest of World, effective immediately. Mr. Bock will lead Barrick’s gold and copper operations and projects outside North America and will report to Mark Hill, President and Chief Executive Officer of Barrick. Barrick’s rest of world portfolio includes gold and copper assets across Africa, the Middle East, Latin America, and Asia Pacific. It produces more than two million gold equivalent ounces a year and is expected to grow by more than 20% over the next three years. John Thornton, Barrick’s Chairman, said, “Outside North America, our Rest of World portfolio has a distinct advantage: our ability to work with Chinese partners, including joint mine ownership and co-investment. This can enable higher efficiency; broader access to advanced technologies, including those revolutionizing exploration, operations, processing, and information management; access to leading equipment suppliers and comprehensive and agile supply chain solutions; and partnership opportunities including shared infrastructure, resources, and solutions, to derisk and improve outcomes.”
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 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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