Distributed on behalf of Trident Resources Corp.
JPMorgan says gold prices could test $6,300 in 2026, thanks to an increase in central bank buying and global tensions. In addition, some gold mining companies are capitalizing on the recent pullback in gold prices, and are buying back stock at record levels. In fact, according to Tavi Costa, CEO of Azuria Capital, as quoted by ETF Database, “Gold miners are now doing more share buybacks than at any other point in history. We have never seen anything remotely close to the scale of what is happening today.” All of which is a bullish sign for the industry and related gold stocks, such as Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF), Kinross Gold (NYSE: KGC) (TSX: K), Alamos Gold (NYSE: AGI) (TSX: AGI), Franco-Nevada (NYSE: FNV), and Barrick Mining (NYSE: B) (NYSE: ABX).
Goldman Sachs is also bullish on gold with a year-end forecast of $5,400 per troy ounce “after increasing its estimates for central bank demand and predicting that official-sector purchases will continue accelerating throughout the remainder of 2026,” as reported by InvestorsHub. “Looking further ahead, Goldman expects central bank buying to average around 60 tonnes per month through 2026. The bank pointed to findings from its own central bank survey that showed ‘strong underlying interest in gold,’ adding that recent geopolitical tensions “are likely to reinforce diversification over time — both for central banks and private investors.”
One of the Beneficiaries is Trident Resources Corp. (TSXV: ROCK) (OTCQB: TRDTF)
Trident Resources Corp. announced assay results for 8 (eight) diamond drill holes from the 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. All eight holes reported herein were collared on the ice at Contact Lake to target gold mineralization in the BK3 Zone, an area that hosts broad mineralized intervals with well-developed, high-grade gold cores several hundred metres to the east-northeast of the previous mine workings.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Highlights:
· Hole CL26042 returned 17.88 g/t gold (Au) over 11.25m from 86.00m
- including 31.36 g/t Au over 6.25m from 91.00m
- including 42.53 g/t Au over 4.50m from 91.00m
- including a single assay value of 350.00 g/t Au over 0.50m from 93.50m
· Hole CL26035 returned 93.44 g/t Au over 1.00m from 202.50m
· All holes reported intersected gold mineralization; assays are pending for the final seven drillholes from the 2026 Contact Lake winter program
· The winter drill program comprised 10,127m in 29 holes at Contact Lake, and 3,142m in 11 holes at the adjacent Preview Deposit area
· The Summer 2026 drill program will commence in June and continue into the fall with an anticipated +20,000m of additional drilling
· These latest results reinforce the excellent potential for continued discovery of high-grade gold at the Contact Lake target area, where gold mineralization is both laterally and vertically extensive and remains open for expansion in all directions.
Jon Wiesblatt, CEO and Director, stated: “These results at Contact Lake further demonstrate the strong continuity of mineralization and, more importantly, reinforce the rapidly growing scale of the project. The presence of multiple parallel mineralized shear zones, combined with consistent high-grade gold intercepts, supports our belief that Contact Lake and the surrounding area have the potential to evolve into a new gold camp in Canada.”
“As drilling continues to expand the footprint of mineralization, we are building confidence in the size, quality, and broader district-scale opportunity at Contact Lake. The project is increasingly drawing comparisons to other major Canadian high-grade discoveries, including the Dixie Project in Red Lake and Eskay Creek in British Columbia’s Golden Triangle.”
“We would also like to thank the Saskatchewan government for their support with the TMEI rebate which will be invested in our projects in the province. With over $27 million in the treasury, Trident is fully-funded through 2026 and beyond, positioning us to aggressively advance drilling and promptly grow our gold resources. We expect to release additional assay results in the coming weeks, concurrent with the commencement of the even larger summer drill program consisting of a planned +20,000m.”
Other related developments from around the markets include:
Kinross Gold announced that the Company’s Board of Directors has declared a dividend of US$0.04 per common share for the first quarter of 2026. The dividend is payable on June 4, 2026, to shareholders of record as of the close of business on May 21, 2026. In addition, J. Paul Rollinson, CEO, made the following comments in relation to 2026 first-quarter results: “Kinross delivered another excellent quarter. We generated record free cash flow of approximately $840 million, representing our fourth consecutive quarterly record. Strong operational performance and disciplined cost management drove record margins that continue to outpace the rise in the gold price, which highlights our ability to continue to hold the line on costs. We have returned approximately $350 million to shareholders to date in 2026 through dividends and share repurchases, reinforcing our commitment to disciplined capital allocation and delivering meaningful returns. Over the past 12 months, we have returned over $1 billion to shareholders, and through our share buyback program, have reduced our outstanding float by over 3%. In the current situation of global uncertainty, we continue to benefit from an attractive relative cost position, supported by our longstanding approach to mitigate cost pressures. This includes the hedging of fuel and currency exposures as well as the continued execution of our grade enhancement strategy. Both are proving effective in the current environment of elevated oil prices and differentiate Kinross.”
Alamos Gold reported results of the Expansion Study completed on the Island Gold District operation, located in Ontario, Canada. Compared to the Base Case Life of Mine Plan released in June 2025, the IGD Expansion incorporates a 30% increase in Mineral Reserves, and an expansion of the Magino mill to 20,000 tonnes per day supporting increased processing rates of 3,000 tpd of high-grade underground ore, and 17,000 tpd from the open pit. This is expected to drive production higher and create one of the largest, longest life, and most profitable gold operations in Canada. “The evolution and growth of Island Gold continues with another substantial increase in Mineral Reserves supporting another high-return expansion of the operation. The IGD Expansion is starting to unlock the true potential of the Island Gold District with the increase in mining rates expected to drive production to more than 530,000 ounces per year at among the lowest costs in the industry. The IGD Expansion has driven the value of the operation to over $12 billion at gold prices of $4,500 per ounce, up from a combined acquisition cost for Island Gold and Magino of $1.4 billion. Given our significant ongoing exploration success within the main Island Gold structure and spectacular high-grade results we are seeing within the nearby Cline-Pick targets, we are confident there is further growth and upside to come,” said John A. McCluskey, President and Chief Executive Officer.
Franco-Nevada realized record financial results in the first quarter of 2026, driven by higher commodity prices, contributions from newly acquired assets, a partial buy-back and a refund from the Canada Revenue Agency. “The sharp rise in oil prices is expected to positively impact our Q2 revenues, while our royalty and streaming model is largely insulated from the impact of energy prices on cost inflation. Franco-Nevada is unique as a mining equity that benefits from rising oil prices. We look forward to further growth from new assets, additional contributions from Cobre Panama´ and the potential for a full resumption of the mine”, stated Paul Brink, President & CEO. “After almost 40 years of being in the gold royalty business, I would like to thank all of the shareholders, portfolio managers, the analysts and brokers who believed in us and helped make this latest version of Franco-Nevada “the GOLD Investment that WORKS””, commented David Harquail. “In a world confronted by political volatility and financial market instability, having Franco-Nevada as a lower-risk gold investment that is insulated from inflation and with a strong balance sheet is the right business model. I am proud of the wealth that this strategy has generated for our shareholders and that Franco-Nevada today is a financial powerhouse. I am also proud of the strong management tea
Barrick Mining announced the declaration of a $0.175 per share dividend in respect of performance for the first quarter of 2026. The Q1 2026 dividend will be paid on June 15, 2026 to shareholders of record at the close of business on May 29, 2026. The Company’s dividend policy targets a total payout of 50% of attributable free cash flow on an annualized basis, comprised of a fixed base quarterly dividend of $0.175 per share and a performance top-up component at each year end based on the attributable free cash flow during the year. The dividend paid in any given year may be higher or lower than the 50% target based on the strength of cash flow, capital needs, balance sheet considerations, and other factors. In addition, the company announced that its Board of Directors has authorized the repurchase of up to $3 billion of the Company’s outstanding common shares at prevailing market prices.
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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