Gold Miners Rally 50% as Metal Hits $3,800 Amid Inflation Concerns

Issued on behalf of RUA GOLD Inc.

VANCOUVER – Baystreet.ca News Commentary – Through into August, gold mining stocks had surged over 50%[1], dramatically outperforming the precious metal itself as gold prices crossed $3,800 per ounce for the first time in history this week[2]. The operational leverage is driving unprecedented margin expansion as production costs remain relatively stable while realized gold prices soar, with mining analysts noting earnings estimates have jumped 80% through 2025[3]. This combination of record metal prices and expanding profitability is attracting institutional capital into the sector as inflation expectations climb and central banks continue accumulating over 1,000 tonnes annually[4], positioning miners like RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Kalo Gold Corp. (TSXV: KALO) (OTCPK: KLGDF), B2Gold Corp. (NYSE-American: BTG) (TSX: BTO), DPM Metals Inc. (TSX: DPM) (OTCPK: DPMLF), and Spanish Mountain Gold Ltd. (TSXV: SPA) (OTCQB: SPAUF).

Goldman Sachs forecasts gold reaching $4,000 per ounce by mid-2026 with potential upside to $5,000 depending on Federal Reserve policy decisions and institutional flows[5]. The traditional leverage that mining equities provide to metal prices is finally materializing after years of underperformance, with analysts describing sector rotation accelerating into junior producers as investors seek companies positioned to deliver outsized returns during this precious metals bull market[6].

RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF) recently strengthened its management team with the appointment of Emmett D'Urso as Vice President, Exploration. Mr. D'Urso brings over 13 years of mineral exploration experience, particularly in orogenic gold exploration within the Victorian Goldfields, where he focused on high-grade, narrow vein, Fosterville-style deposits—geological characteristics similar to RUA GOLD's Reefton project.

"On behalf of our board of directors and management team, I am pleased to welcome Emmett D'Urso as our new Vice President of Exploration," said Robert Eckford, CEO of RUA GOLD. "Emmett's depth of experience working on analog deposits in the Bendigo-Ballarat region brings valuable insight directly applicable to our projects. His addition strengthens our technical team as we advance our portfolio, particularly in Reefton."

The company recently delivered exceptional high-grade results from its expanding Auld Creek project, highlighted by standout intercepts of 17m at 9.8g/t AuEq and 8m at 8.9g/t AuEq that significantly extend the current resource strike. RUA GOLD has mobilized a third rig and is targeting over 4,000 metres of new drilling at Auld Creek to grow the gold-antimony resource above 300,000 ounces by year-end.

"We closed Q2 2025 with $14 million in the treasury, placing us in a strong position to execute our aggressive exploration plan," added Eckford. "As our gold-antimony resource continues to grow rapidly---and with antimony at the top of every nation's critical minerals list---the significance of this expansion is substantial."

RUA GOLD controls roughly 95% of the historic Reefton Goldfield, where over 2 million ounces were produced at grades up to 50 g/t. The company has confirmed multiple stacked mineralized shoots at Auld Creek, including a standout intercept of 2.1m at 64g/t AuEq (5.5g/t gold and 13.1% antimony), with multiple rigs continuing to test depth and lateral continuity ahead of an upcoming resource update.

Antimony provides a powerful dual-commodity advantage, with prices surging past US$50,000 per tonne following China's export restrictions. New Zealand's formal designation of antimony as a critical mineral further enhances RUA GOLD's strategic position. Surface samples exceed 40% Sb, while several drill holes contain over 8% antimony---exceptional grades rarely seen this early in development.

Three kilometres south within the Reefton Goldfield, RUA has a second drill rig at Cumberland, where recent drilling delivered near-surface hits such as 1m at 26.9 g/t and 1m at 16.2 g/t, adding to earlier intercepts of 1m at 1,911 g/t within the Gallant vein system. This AI-generated target has confirmed shallow continuity along a 600m strike.

At Alexander River, modeling is advancing a 130,000 oz inferred resource grading 4.1g/t across 1.2km of outcropping mineralization. The zone produced 41,000 oz at 26g/t historically before World War II halted operations, with targets at Caledonia and other regional zones now in development.

On the North Island, drill access applications are progressing for RUA's Glamorgan project in the Hauraki Goldfield, home to the 10 Moz Martha mine. The project's 4km gold-arsenic anomaly has been refined using CSAMT surveys and VRIFY's DORA AI engine, with drilling expected in Q4. With Emmett D'Urso now on board, COO Simon Henderson will dedicate more time to driving forward the Glamorgan Project as activities ramp up.

With $14 million in cash, a disciplined burn rate, and a leadership team behind US$11 billion in prior exits, RUA GOLD is executing a multi-rig program designed to stack near-surface ounces at scale across gold, antimony, and AI-targeted prospects throughout New Zealand's emerging mining districts.

CONTINUED… Read this and more news for RUA GOLD at: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

In other industry developments and happenings in the market include:

Kalo Gold Corp. (TSXV: KALO) (OTCPK: KLGDF) has completed Phase 1 drilling at its 367 km² Vatu Aurum Project in Fiji, with 2,436.7 metres across 11 holes testing an initial subset of more than 25 high-priority targets. The program identified two distinct mineralization styles: epithermal vein-hosted systems at Namalau, Loma, and Buca Trends, and volcanic breccia diatremes at the Qiriyaga Complex.

"Our exploration to date supports the interpretation of two mineralization styles at Vatu Aurum — vein-hosted systems at Namalau, Loma, and Buca Trends, and diatreme/surge-related mineralization at the Qiriyaga Complex," said Terry L. Tucker, P.Geo., CEO of Kalo Gold. "The Namalau Trend is interpreted to be a well-preserved epithermal system, while Qiriyaga builds on several historical resource estimates and newly identified diatremes that remain largely unexplored. Together, these reinforce our view that we are advancing a vertically intact, large-scale system."

Initial assays are expected in mid-October 2025, with follow-up drilling planned to test deeper structures and expand mineralization along strike. The program represents just the beginning of unlocking the Aurum Epithermal Field's full potential, with the majority of identified targets remaining untested.

B2Gold Corp. (NYSE-American: BTG) (TSX: BTO) has provided an operational update across its four mines, confirming consolidated 2025 production guidance of 970,000 to 1,075,000 ounces. The Goose Mine achieved first gold pour on June 30, 2025, and is on track for commercial production in the coming weeks, though crushing plant capacity constraints in Q3 have resulted in revised 2025 guidance of 80,000 to 110,000 ounces (from an original range of 120,000 to 150,000 ounces), with Q4 2025 production expected to be approximately 70,000 ounces.

The Fekola Complex continues strong operational performance with 2025 guidance of 515,000 to 550,000 ounces reaffirmed, while Fekola underground has exceeded expectations and is now anticipated to contribute 30,000 to 40,000 ounces in 2025. The Otjikoto Mine has increased its 2025 guidance to 185,000 to 205,000 ounces (from 165,000 to 185,000) due to positive ore reconciliations, and the Masbate Mine guidance has been increased to 190,000 to 210,000 ounces (from 170,000 to 190,000) based on strong mill throughput rates.

DPM Metals Inc. (TSX: DPM) (OTCPK: DPMLF) has released an updated feasibility study for its Loma Larga project in Ecuador, demonstrating an after-tax NPV of $488 million and 18.1% IRR based on $1,900 per ounce gold. The study outlines production of 1.9 million payable gold equivalent ounces over an 11-year mine life, with initial capital costs estimated at $593 million and life-of-mine all-in sustaining costs of $873 per ounce.

"The updated feasibility study demonstrates Loma Larga's potential to deliver attractive returns for our investors and stakeholders," said David Rae, CEO of DPM Metals. "Loma Larga has been designed in line with the highest environmental and water management standards, and DPM is committed to working collaboratively and transparently with stakeholders to demonstrate the significant economic and social opportunities that responsible development of the Loma Larga project offers local communities and the country of Ecuador."

The company has paused its planned 23,000-metre drilling program following stakeholder concerns about the environmental license issued in Q2 2025. DPM will continue to engage with stakeholders and work with the government to address expectations for resuming planned activities.

Spanish Mountain Gold Ltd. (TSXV: SPA) (OTCQB: SPAUF) has contracted Hardrock Diamond Drilling Ltd. for a 9,000 to 10,000 metre drill program at its Spanish Mountain Gold Project in British Columbia's Cariboo Gold Corridor. The program will comprise approximately 27 HQ3-sized drill holes ranging from 250 to 600 metres depth, targeting near-surface higher-grade gold mineralization in five key priority areas: Main deposit, Phoenix deposit, K-zone, Outcropping Tuff target, and A12 target.

The drilling, expected to commence in Q3 2025 and complete in Q1 2026, will extend higher-grade zones identified in Fall 2024 and Winter 2024-25 programs while collecting sample material from Phoenix deposit for ore sorting metallurgical studies. The program also aims to derisk infrastructure locations identified in the July 2025 Preliminary Economic Assessment through drilling of high-priority exploration targets, with the company's development strategy focused on optimizing and advancing the project towards a build decision in 2027.

Article Source: https://usanewsgroup.com/2025/04/02/others-found-1911-g-t-here-before-now-a-proven-11b-mining-team-is-back-to-finish-the-job/

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SOURCES CITED:

1. https://sprott.com/insights/gold-miners-shine-in-2025/

2. https://www.reuters.com/world/india/gold-blazes-past-3800-record-run-silver-nears-fresh-peak-2025-10-01/

3. https://discoveryalert.com.au/news/gold-miners-stock-surge-investment-strategies-2025/

4. https://markets.financialcontent.com/wral/article/marketminute-2025-9-26-southern-capital-advisors-bets-on-gold-institutional-investment-signals-bullish-outlook-for-junior-miners

5. https://www.goldmansachs.com/insights/articles/gold-forecast-to-rise-by-the-middle-of-2026

6. https://www.kitco.com/opinion/2025-06-06/mining-sector-rotation-juniors-and-major-silver-breakout