Issued on behalf of Rush Gold Corp.
VANCOUVER – Baystreet.ca News Commentary – Gold continues trading above $4,100 per ounce this week, extending a remarkable rally that has pushed the metal up more than 48% year-to-date[1]. Gold mining companies delivered stellar Q3 2025 earnings driven by elevated bullion prices that directly expanded profit margins across the sector, with net profit margins for major miners reaching 50% by mid-year[2]. Against this backdrop, companies across the exploration and production spectrum are positioned to capture value from sustained high prices, including Rush Gold Corp. (CSE: RGN) (FSE: B6H), Aura Minerals Inc. (NASDAQ: AUGO), Torex Gold Resources, Inc. (TSX: TXG) (OTCQX: TORXF), K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF), and First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF).
Leading financial institutions including Goldman Sachs, Morgan Stanley, and UBS have revised their gold forecasts upward, with many analysts projecting gold to be above $4,000 per ounce by mid-2026 and potentially higher in stress scenarios[3]. Central banks have sustained aggressive gold purchasing at near-record levels, with year-to-date accumulation reaching 634 tonnes through Q3 2025 and projections suggesting total purchases could approach 900 tonnes for the full year, providing continued structural support for prices[4].
Rush Gold Corp. (CSE: RGN) (FSE: B6H) is preparing to launch its first field program at two neighboring Nevada properties, combining on-the-ground reconnaissance with high-resolution satellite technology to advance exploration targets toward potential drilling.
The Vancouver-based company has commissioned new WorldView-3 satellite alteration mapping imagery while planning field rock sampling and geological investigations at its Skylight and Legal Tender properties in Nye County's Republic Mining District. Both assets lie approximately 60 kilometers northwest of Tonopah within Nevada's Walker Lane structural trend, a region that attracted renewed attention following the discovery of more than 16 million ounces of gold near Beatty.
"Given the positive results received from our Skylight Property ASTER alteration study conducted at relatively coarse resolution we decided to leverage the much higher outcrop-scale resolution permitted using the WV-3 platform, and to expand coverage to the recently acquired Legal Tender claims as well," said Anthony Zelen, CEO of Rush Gold. "We look forward to commencing our first field program at Skylight and Legal Tender with the intention of advancing priority targets to drilling stage."
The WorldView-3 satellite offers substantially improved resolution compared to earlier imaging technology, with visible near-infrared sensor resolution of 1.24 meters and short-wave infrared resolution of 3.7 meters. The system employs 16 spectral bands capable of mapping 13 key alteration minerals, including alunite, sericite, iron oxide and silica. This outcrop-scale mapping will help geological teams rapidly assess high-priority areas identified through earlier analysis.
Legal Tender, situated five kilometers north of Skylight, features northeast and northwest vein trends spanning 1.65 kilometers. Historical sampling returned high-grade results, including 1,875 grams per tonne silver and 3.04 grams per tonne gold, though the property has no record of prior diamond drilling. Multiple vein systems were targeted through 19 vertical and inclined shafts during early 20th century mining activities.
Skylight, the company's flagship asset, covers 330 acres over what geological experts identify as an intact epithermal gold-silver system. During the 2000s, Newmont Mining partnered with Rimfire Minerals Corporation to evaluate these claims, classifying them among their highest exploration priorities. Initial drilling intersected gold mineralization in half their holes, though the main zone beneath an intact silica cap received limited testing.
After completing an expanded private placement totaling $500,000, Rush Gold has established funding for its planned exploration work. With gold continuing to trade above $4,000 per ounce, exploration projects in proven districts with strong technical indicators are attracting heightened attention. Nevada maintains its position among the world's top mining jurisdictions according to the Fraser Institute.
Rush Gold commenced trading on the CSE June 23, 2025, raising $450,000 through its IPO at $0.10 per share.
CONTINUED… Read this and more news for Rush Gold Corp. at:
https://usanewsgroup.com/2025/09/30/the-nevada-gold-story-hiding-in-plain-sight/
In other industry developments and happenings in the market include:
Aura Minerals Inc. (NASDAQ: AUGO) delivered a record production of 74,227 gold equivalent ounces at constant prices in Q3 2025, contributing to an all-time high Adjusted EBITDA of $152 million. The quarter saw Recurring Free Cash Flow surge 91% to $115 million driven by strong operational results across all mines, an average realized gold price of $3,385 per ounce, and the successful start of commercial production at Borborema in September 2025.
"In Q3 2025, Aura achieved a record production of 74,227 GEO at constant prices and an all-time high Adjusted EBITDA of US$152 million, contributing to a trailing twelve-month Adjusted EBITDA of US$419 million at an average realized gold price of US$3,068/oz," said Rodrigo Barbosa, President and CEO of Aura Minerals. "This performance, bolstered by a realized gold price of US$3,385/oz and Recurring Free Cash Flow of US$115 million in the quarter—up 91% from Q2 2025—was driven by strong operational results across our mines and the successful start of commercial production at Borborema in September 2025, built on time and on budget with zero Lost Time Incidents."
The Company's all-in sustaining costs decreased 4% compared to Q2 2025, while trailing twelve-month Adjusted EBITDA reached $419 million. Aura remains on track to achieve its 2025 production guidance of 266,000-300,000 gold equivalent ounces while maintaining its commitment to delivering consistent shareholder value through quarterly dividends.
Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF) marked a key turning point at its Morelos Complex with Q3 2025 payable production of 119,034 gold equivalent ounces at market prices and a return to positive free cash flow of $113 million. The quarter delivered record revenue of $416.4 million supported by a record average realized gold price of $3,548 per ounce, while all-in sustaining costs of $1,658 per ounce resulted in an all-in sustaining costs margin exceeding 50%.
"The third quarter marked a key turning point for Morelos as we returned to steady-state production levels following the completion of our Media Luna Project and pivoted back to positive free cash flow," said Jody Kuzenko, President and CEO of Torex Gold. "The $113 million generated in free cash flow, supported by excellent operational performance, resulted in an all-in sustaining costs margin in excess of 50%."
With strong operational momentum, Torex closed the quarter with a record net cash position of $131.2 million and cash and cash equivalents totaling $185.4 million. The Company is targeting the low end of annual payable production guidance of 400,000 to 450,000 gold equivalent ounces at guidance metal prices, with forward potential bolstered by the continued ramp-up of Media Luna, first production from EPO expected by late 2026, and the recently acquired Los Reyes Project.
K92 Mining Inc. (TSX: KNT) (OTCQX: KNTNF) reported strong Q3 2025 results with production of 44,323 gold equivalent ounces including 42,244 ounces of gold, 1,323,538 pounds of copper, and 34,831 ounces of silver. The Company achieved record quarterly revenue of $177.5 million (up 45% from Q3 2024) and record EBITDA of $130.2 million, while maintaining strong metallurgical recoveries of 95.0% for gold and 94.6% for copper.
"The third quarter was highly successful, marked by the successful construction of the new 1.2 million tonnes-per-annum Stage 3 Process Plant under budget, multiple financial records, strong operational results and the advancement of several projects to set the Company up for success in the near and long-term," said John Lewins, CEO of K92 Mining.
The Company closed the quarter with record cash and cash equivalents of $185.4 million, including a record net cash position of $131.2 million. Construction of the Stage 3 Expansion Process Plant was completed under budget with commissioning on schedule for November 2025, while K92 remains on track to meet 2025 production guidance of 160,000-185,000 gold equivalent ounces with over 80% of the lower end achieved in the first three quarters.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) announced continued drilling success at its Miroir Discovery within the Duparquet Gold Project, with drill hole DUP25-078 returning 2.01 g/t gold over 29.80 metres including 15.70 g/t gold over 0.75 metres and 18.20 g/t gold over 1.0 metre. Additional drilling from DUP25-077 delivered 3.20 g/t gold over 15.75 metres, including 5.21 g/t gold over 8.65 metres and 22.50 g/t gold over 0.7 metres, further enhancing the Miroir target over a strike length of 100 metres and depth of 100 metres where the target remains open.
"The Miroir target has now been extended up dip in an attractive shallow mineralization setting while demonstrating a strong continuity, a key characteristic of the Duparquet Project," said Dan Wilton, CEO of First Mining. "The continued growth and success in our exploration execution supports an increasing level of optionality within development scenarios which we are reviewing as we advance the project."
The Company completed its 2025 drilling program in October comprising 16,577 metres, with 22 holes drilled at Miroir to date and assay results from 14 of these holes now disclosed. First Mining has 8 remaining holes at Miroir with assay results pending and will provide further updates as results are received and interpreted.
Article Source: https://usanewsgroup.com/2025/09/30/the-nevada-gold-story-hiding-in-plain-sight/
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SOURCES CITED:
1. https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-tuesday-november-11-2025-gold-moves-over-4100-continuing-this-weeks-rally-130014943.html
2. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-4-gold-miners-ride-record-bullion-prices-to-stellar-q3-earnings
3. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-10-golds-golden-run-will-the-rally-continue-towards-new-peaks
4. https://markets.financialcontent.com/stocks/article/marketminute-2025-11-10-central-banks-gold-rush-a-strategic-pivot-reshaping-global-finance
